Weekend, May 5-6, ’18

Roger Ver, BTC, Warren Buffett, XRP, ETH, Russia, IOTA, Japan, Washington D.C., South Korea

  • The recent lawsuit against bitcoin.com CEO, Roger Ver, has been canceled. It didn't collect enough donations to fund the legal battle that would ensue. One law firm asked for $1 million for its services, and the community raised only 0.39 BTC ($3,760), that now will be refunded.
  • Warren Buffett called crypto 'a very handy tool for charlatans'. At the annual meeting of his company Berkshire Hathaway he explains that buying Bitcoin is not investing. When you buy stocks or a land, you buy something that has an inner value. When you buy Bitcoin, you just hope the next guy pays more.
  • A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff claims that the defendants have violated the federal securities law by selling unregistered XRP.
  • The Enterprise Ethereum Alliance has released its Enterprise Ethereum Architecture Stack, which acts as the next portion of its Enterprise Ethereum specification strategy. It may signal the coming of the era of Web 3.0 as well as next generation of Enterprise Ethereum applications. The EEA includes a lot of Fortune 500 enterprises, startups, academics, and technology vendors that are interested in using Ethereum.
  • The bank of Russia could use Ethereum to build its own payments platform. It will be integrated into SPFS, a local version of the SWIFT system. If the integration turns out to be successful, then, the system are expecting to potentially become ‘more reliable’ than SWIFT itself.
  • Ledger Nano is going to support IOTA soon and to partner with Porsche Digital. It will be the most secure wallet for storing MIOTA. Another important news is that it decided to partner with Porsche Digital to work on Program 4 project. They will be developing a platform intended for smart mobility.
  • The Financial Services Agency of Japan is set to introduce strict but friendly rules. This initiative is taken to set new rules and protect investors from hacks by improving security on exchanges.
  • Washington D.C. has the most developed bitcoin infrastructure in USA. There are 4.49 ATMs for every million inhabitants, and 2.39 establishments for every million citizens that acknowledge bitcoin as a type of payment.
  • Yoon Suk-heun, the new governor of South Korea’s Financial Supervisory Service (FSS), said that he sees some ‘positive aspects’ in cryptocurrencies. He also said that the FSS will be working on crypto regulatory issues with other regulators, thus making crypto more secure.


8,744 USD


272.72 USD

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Bitcoin Price Analysis: BTC Could Test $8.3K Before Recovery

Bitcoin price is currently under pressure below the $9,070 resistance area against the US Dollar. The price is holding the $8,600 support area, but it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to break the $8,600 support area and it might soon test the $8,300 support. Bitcoin price is showing a few bearish signs below $8,900 and $9,070 against the US Dollar. BTC could test the $8,300 support area before it starts a decent recovery. Bitcoin Price Analysis This month, bitcoin price remained in a bearish zone and declined from the $9,500 resistance against the US Dollar. BTC broke many key supports near the $9,250 and $9,180 levels to enter a bearish zone. Moreover, there was a break below the $9,070 support and the 55 simple moving average (4-hours). Finally, there was a break below the $8,850 support and the price traded as low as $8,559. At the moment, the price is correcting higher and is trading above $8,700. Besides, it climbed above the 23.6% Fib retracement level of the downward move from the $9,157 high to $8,559 low. However, the $8,860 level seems to be acting as a strong resistance. It represents the 50% Fib retracement level of the downward move from the $9,157 high to $8,559 low. More importantly, there is a major bearish trend line forming with resistance near $8,900 on the 4-hours chart of the BTC/USD pair. Above the trend line, the next resistance is near the $9,000 and $9,020 levels. Besides, the 76.4% Fib retracement level of the downward move from the $9,157 high to $8,559 low is also near the $9,020 area. The main resistance is near the $9,070 level and the 55 simple moving average (4-hours). Therefore, a successful close above the $9,070 resistance is must for an increase towards $9,500 and $9,800. Conversely, the price could continue to move down if it fails to surpass $8,860 or $9,000. An immediate support is near the $8,600 level. If there is a bearish break below the $8,600 support, the price could decline towards the $8,300 support area. Bitcoin Price Looking at the chart, bitcoin price is trading in a downtrend as long as there is no upside break above the $8,850 and $9,070 resistance levels. On the downside, the bears are likely targeting the $8,300 support area. Technical indicators 4 hour MACD – The MACD is struggling to losing momentum in the bearish zone. 4 hour RSI (Relative Strength Index) – The RSI is currently well below the 50 level, with a bearish angle. Key Support Levels – $8,600 and $8,300. Key Resistance Levels – $8,850, $9,000 and $9,070. The post Bitcoin Price Analysis: BTC Could Test $8.3K Before Recovery appeared first on Live Bitcoin News.
Live Bitcoin News

Bitcoin Suisse and Worldline to Offer Crypto Payments Acceptance in Switzerland

Worldline, the European leader in the payments and transactional services industry, and Bitcoin Suisse, the oldest and largest crypto financial-services company in Switzerland, have signed a letter of intent for a partnership to offer cryptocurrency payment services to Swiss merchants and consumers both in-store and in web-shops. The cooperation will leverage the existing nationwide payments infrastructure of SIX Payment Services, which is part of Worldline since the end of 2018, and the cryptocurrency expertise and experience of Bitcoin Suisse to make payments with cryptocurrencies a reality across a wide range of businesses and industries. At the upcoming Swiss Payments Forum in Zurich, Worldline and Bitcoin Suisse will present further details about the partnership between the two industry leaders. The goal of the partnership is to augment the existing payment service network of Worldline with cryptocurrency payment capabilities and – vice-versa – endorse the use of cryptocurrency in the country through its acceptance as payment currency on a large-scale both at the Point of Sale and in e-Commerce. Dr. Arthur Vayloyan, CEO of Bitcoin Suisse, commented: “Our partnership with Worldline is an incredible step forward on the journey to bring crypto payments into broader adoption. Bitcoin Suisse is proud to serve as the processor of cryptocurrencies in Worldline’s payment service system. We applaud them for their pioneering spirit in taking this monumental step and pointing the way forward for others.” Worldline and Bitcoin Suisse sign letter of intent for a partnership to facilitate cryptocurrency acceptance for payments both at the Point of Sale and in e-Commerce Marc Schluep, CEO of Worldline in Switzerland, added: “As a market leader we have a reputation to introduce latest payment functionalities that enhance the customer journey as well as boost efficiency and profitability for our merchants. Through the cooperation with Bitcoin Suisse, merchants can benefit from an entirely new offering without taking any conversion risk.” Wider adoption of cryptocurrencies, beginning in Switzerland The partnership between Worldline and Bitcoin Suisse aims at  reinforcing the leading position of Switzerland as a strong center in the crypto-financial services industry. With over 800 companies currently developing solutions or offering services to crypto and blockchain companies, Switzerland’s Crypto Valley has already grown into a well-known location for forward-looking innovation in the space. Bitcoin Suisse has developed extensive in-house technical and crypto-financial expertise through its more than 6 years of experience in trading, brokerage and storage for cryptocurrencies. In 2016 the city of Zug became a pioneer in accepting Bitcoin for public services. With the growing interest in cryptocurrencies around Switzerland and beyond, the next step towards wider adoption through existing industry leaders makes logical sense. Using Worldline’s network of more than 65.000 merchants in Switzerland, businesses will be able to accept cryptocurrencies for payments simply and securely. The service will be intuitive and straightforward both for sales staff and online shoppers. Payouts to merchants will be made in Swiss francs or Euros and the transaction figures will be fully integrated into the merchant reports like any other card or wallet. After a successful launch in Switzerland, Worldline will roll out its new cryptocurrency payment service across Europe. The post Bitcoin Suisse and Worldline to Offer Crypto Payments Acceptance in Switzerland appeared first on The Fintech Times.
The Fintech Times

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