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🗞 Daily Crypto News, October, 18th💰

76
6 years ago
in#cryptocurrency

  • Jumping Over Hurdles For Blockchain Enterprise Adoption ;
  • Bitcoin Price Eyes Triangle Breakout Above $6.4K;
  • 130 Coffee Shops in Europe Started to Accept and Sell Crypto ;
  • Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations ;
  • VeChain Price Stability Could Hint at Accumulation Before the Rise ;
  • 📑 Daily Crypto Calendar, October, 18th💰
  • STEEM Trading Update by @cryptopassion

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Jumping Over Hurdles For Blockchain Enterprise Adoption

Multinational information technology giant IBM has made its presence known in the blockchain industry. It seems that every month the company is up to something with the distributed ledger technology.

IBM, however, is more the exception than the rule when it comes to enterprises exploring blockchain solutions. Although the cryptospace includes many startups willing to risk their capital in the name of technological advancement and a better society for all, not every business cultivates that same mindset.

🗞 Bitcoin Price Eyes Triangle Breakout Above $6.4K

Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies.

The price consolidation comes after Monday's big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday's violation of key support.

However, so far, a bullish follow-through has not materialized, possibly because buyers are waiting for a more credible evidence of bearish invalidation.

🗞 130 Coffee Shops in Europe Started to Accept and Sell Crypto

Be honest: shopping with cryptocurrency isn’t always the easiest experience. Even if price volatility is on your side, spending funds can be nightmarish. Crypto is gaining in popularity but many merchants still don’t accept it – meaning you are stuck with those age-old, boring options of paying by card or cash.

A “technology enabler” startup known as Cyclebit is aiming to simplify things by enabling stores to serve as “cryptocurrency gateways” – enticing crypto enthusiasts to come and spend their coins with them and inject some new funds into the economy.

🗞 Former CFTC Chair Advocates ‘Technology Neutral’ Cryptocurrency Regulations

The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs).

🗞 VeChain Price Stability Could Hint at Accumulation Before the Rise

A lot of cryptocurrencies are currently stuck in sideways trading momentum. After the past few days filled with both ups and downs, a bit of peace and quiet can be pretty significant. For VeChain, its value seems to remain relatively stable, albeit most people had expected a bigger push after yesterday’s announcement.

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📑 Daily Crypto Calendar, October, 18th💰

  • iExec RLC (RLC)

"Privacy-preserving off-chain computing with Intel SGX"

  • Holo (HOT)

Holochain hosts meetup in Mexico City.

  • Monero (XMR)

"Approximately the 18th of October there will be a scheduled network upgrade on the Monero network."

  • Hdac (HDAC)

"Hdac source code will be updated so that the block reward reduction according to the vote result will be applied on Thursday, October 18th"

  • SiaCashCoin (SCC)

Deposits opened on Wednesday, October 17th at 15:00 BST. Trading begins on Thursday, October 18th at 15:00 BST.

  • Blue Protocol (BLUE)

Community Update

Sources: Coincalendar.info, Cryptocalendar.pro, Coinscalendar.com, CoinMarketCal

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

Here is the current chart :

As you can see, since the break out triggered by the tether sell off, the UP trend on the STEEM is continuing. We reached the 0.86$ some minutes ago and even if we could have a little correction, I expect that the UP trend will continue. The next objective is the little resistance line in blue created by the previous high. We should test this resistance line very soon. If we are able to break it, the 1$ level will be reachable for us !

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6 years ago
vlemon76
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