Bitcoin Ethereum LTC XRP BNB EOS Technical Analysis Chart 12/5/2018 by ChartGuys.com

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Bitcoin Price Will Likely Fall to $1,500: Bloomberg Analyst

On the back of a grueling quarter, the bitcoin price could still see tougher times ahead. One analyst over at Bloomberg sees the flagship cryptocurrency possibly heading toward $1,500. Indeed, bitcoin had a dismal November, as part of a difficult year overall for the crypto market, though the past few days have seen slightly more stability from crypto’s largest asset. However, today it seems that the selling has resumed. Bitcoin has dropped nearly $200 already today, from just over $3,900 down to $3,739 as of the time of writing. BTC/USD…

Binance Showcase Decentralized Exchange Progress in Latest Video

Binance just offered its users an in-depth sneak peek of its forthcoming decentralized exchange (DEX). Announced in March of 2018, the decentralized exchange will be built on Binance’s own Binance chain, the soon-to-be base layer for BNB, Binance’s trading currency that is currently an ERC-20 token. A December 4, 2018, YouTube video posted by Binance’s official channel showcases the work the Binance DEX has undertaken on the project since its last update. Displaying the exchange in a testnet view, a representative from the Binance DEX team gives viewers a rundown…

The Race Is On to Replace Ethereum’s Most Centralized Layer

“If we don’t stop relying on Infura, the vision of ethereum failed.” That’s how Afri Schoedon, release manager for the Parity Ethereum client, described one of ethereum’s most popular – and controversial – technologies on Twitter in October. Infura handles around 13 billion code request per day and provides a way for developers to connect to ethereum without having to run a full node. And while the exact usage stats aren’t public, by creating a simpler method for interfacing with the network, it’s said to underpin the majority of decentralized…

Binance Releases Demo of Planned Decentralized Crypto Exchange

Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has released a new video demo of its decentralized exchange, dubbed Binance DEX, ahead of its launch in early 2019. Released Wednesday, the video demonstrates the trading interface of Binance DEX, along with a web crypto wallet and the explorer for Binance’s native public blockchain, Binance Chain, which the firm says will be made available on a testnet soon. Based on the video, Binance DEX will have a very similar interface to its existing centralized exchange, with some additional features.…

A Top-5 US Hospital Is Exploring Blockchain for Patient Data

Massachusetts General Hospital (MGH), one of the top-five hospitals in the US, is partnering with Korean blockchain startup MediBloc in an effort to find better ways to store and share patient data. Synho Do, director of the Laboratory of Medical Imaging and Computation, a joint venture of MGH and Harvard Medical School, told CoinDesk that the hospital is expanding research in a range of areas “from medical image analysis to health information exchange by leveraging our cutting-edge technologies such as blockchain, artificial intelligence and machine learning.” Regarding this specific partnership,…

Bitcoin Price On Track for Biggest Yearly Loss on Record

Bitcoin’s (BTC) recent drop to 14-month lows has left the cryptocurrency on track for its biggest ever yearly loss. Just three weeks ago, the cryptocurrency was changing hands at $6,300 – already a 54 percent year-to-date drop, according to CoinDesk’s Bitcoin Price Index (BPI). The dominant market narrative back then was that BTC would trim losses in the last few weeks of 2018, having bottomed out around $6,000 in five months to October. However, on Nov. 14, BTC nosedived below the crucial 21-month exponential moving average (EMA) support, signaling a…

Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants

Abu Dhabi Global Market (ADGM), an international financial free zone within the United Arab Emirates, says it has successfully completed the trial of a blockchain-based know-your-customer (KYC) application. ADGM announced Tuesday that the first phase the project has been concluded in association with its regulatory body, the Financial Services Regulatory Authority (FSRA), and project advisor KPMG. The KYC app provides financial institutions with a single location where customer identification and verification can be performed once for a customer, rather than multiple times by different entities for the same customer, ADGM explained.…

R3’s New Corda App Supports Payments in XRP Cryptocurrency

Distributed ledger technology provider R3 has launched the Corda Settler, an application aimed to facilitate global cryptocurrency payments within enterprise blockchains – and it’s starting with XRP. R3 said XRP is the first globally recognized cryptocurrency to be supported by Settler, bringing the Corda and XRP ecosystems into closer alignment – something of a rapprochement considering Ripple and R3 were previously locked in a legal dispute. “The deployment of the Corda Settler and its support for XRP as the first settlement mechanism is an important step in showing how the…

7 Southern EU Nations Unite to Take Lead on Blockchain Adoption

Seven EU member nations have come together to promote the use of blockchain tech to boost government services and economic well-being. The southern European states – France, Italy, Spain, Malta, Cyprus, Portugal and Spain – signed a joint declaration on Tuesday to promote the adoption of blockchain in the region in order to “transform” their economies. They further committed to collaborating on development of the technology in order to become “a leading region in this sector.” The declaration was signed in Brussels, Belgium, on Dec. 4. Blockchain can be a “game…