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Singapore: MAS Partners JP Morgan to Develop Blockchain-Enabled Payments Network

Singapore’s financial regulator, the Monetary Authority of Singapore (MAS) has entered into a partnership with Wall Street titan JP Morgan Chase and Temasek to develop a distributed ledger technology-powered (DLT) multi-currency payments network. This, according to a report by Finance Magnets, November 11, 2019. Part of Project Ubin In a bid to propel the useRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Omise To Offer PayNow Payment Options In Singapore; Faster And More Secure Transactions

Asia-focused Payment Gateway, Omise announced that it will be offering PayNow to customers in Singapore reports Finance Magnates. Customers, namely small and medium-sized e-commerce businesses can expect this addition to take place sometime next month. PayNow was created by DBS, Development Bank of Singapore. Their foundation involves leveraging digital technologies to ensure that customers are […]
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Ethereum Classic Price Analysis: ETC/USD Marks Tremendous Fall and Touches $4.8

ETC Price Analysis – November 11 Ethereum Classic has dropped below the level from where it started yesterday at $4.96. There is no sign of improvement in the coin as traders may close the day with a loss. ETC/USD Market Key Levels: Resistance levels: $5.5, $6.0, $6.5 Support levels: $4.5, $4.0, $3.5 ETCUSD – Daily Chart The price of the Ethereum Classic was bitten by the bear. The coin is currently experiencing a price drop. Traders were expecting a lot from the coin, although November 4 to 7 reflected an improvement in ETC prices. The price is currently moving between the 9-day and 21-day MA and exchanging hands at $4.90 which is yet to break out to the upside or downside. Furthermore, a bearish drop may continue to roll the market down to $4.5, $4.0 and $3.5 support levels while possible bullish surge may drive the market to $5.2 level, testing the upper channel boundary. Above the channel, $5.5, $6.0 and $6.5 may further provide resistance levels for the market. Although, the stochastic RSI is making an attempt to cross into the oversold zone and staying there would cause the coin to remain in the bearish mode. ETC/BTC Market Against Bitcoin, the recent price decline placed the Ethereum Classic pair in a downward trend after witnessing a bullish price action for a few days. Now, indicating an undecided market, the price action is still trading above the moving averages of 9-day and 21-day. Looking at a long-term bear market, the 535 SAT, 525 SAT and 515 SAT could provide support levels for the next selling pressure. ETCBTC – Daily Chart More so, a few days ago, the ETC price started falling from 570 SAT to 557 SAT following a sudden rise in the downtrend and if the price drop further, we may say that the sellers have returned to the market after a little while. However, if the 563 SAT can act as a solid line of defense against any further downtrend; Buy pressure at 585 SAT, 595 SAT and 605 SAT resistance levels can be expected. The stochastic RSI is in the overbought zone. Please note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. The post Ethereum Classic Price Analysis: ETC/USD Marks Tremendous Fall and Touches $4.8 appeared first on - Daily Cryptocurrency and FX News.

JPMorgan, Monetary Authority of Singapore to Build Multi-Currency Cross-Border Payment on Blockchain

Singapore’s central bank and financial regulatory authority, the Monetary Authority of Singapore (MAS) along with state-owned enterprise Temasek Holdings, and the largest bank in the US, JPMorgan Chase are working to develop a prototype based on blockchain that will allow payments in multiple currencies on the same network, reported Business Times. MAS claims the reason […]
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