Crypto news

American retail giant Amazon has made a new acquisition: the company purchased Health Navigator, a company focused on developing APIs for online health services and providing evidence-based digital health information content. The sum of the deal is not yet clear.According to Amazon, Health Navigator will join the membership of the Amazon Care group, a pilot healthcare service program for Amazon employees launched in September that delivers prescriptions with remotely communicated treatment...

Photo: Tim Reckmann / FlickrBitcoin had experienced low volatility consolidation in recent weeks. However, the consolidation phase was ended abruptly with a violent drop of almost 10% on October 23 to fall near a 5-month low. At 12:50 UTC, the flagship cryptocurrency plunged by around $500 in 15 minutes to hit a low of $7,500.Bitcoin price reached the lowest level since June 10 as recorded by Bitstamp. After showing mild signs of an upward trend above $8,000, the leading digital token...

According to Tesla CEO Elon Musk, there’s a good enough chance that the company could grant limited access for some of its customers to a “feature complete” product which will have full self-driving (FSD) capabilities, before the end of 2019. Musk, during a Tesla earnings call yesterday, suggested that it would be a type of beta test, carefully carried out to further the company’s move on autonomous capabilities. He, however, added that the release is “not for sure” and even though it...

EOS price is down more than 8% today and it broke the key $2.700 support area against the US Dollar.The price traded close to the $2.500 support area and it is currently correcting higher.There is a major bearish trend line forming with resistance near $2.850 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could resume its decline as long as it is trading below the $2.800 pivot area.EOS price is back in a bearish zone against the US Dollar and bitcoin. The price...

One of the world’s largest banks, the government-controlled State Bank of India, does not mind the heavy regulation of crypto in the country. This is according to the bank’s chairman Rajnish Kumar. According to The Economic Times, Kumar has stated that regulation is necessary for cryptocurrencies to prevent their unlawful use: “Let’s see. Because there’s a dark side of the internet also. There can be misuse of the digital currencies. That is why regulation is must.” Bans, jail...

Fundstrat’s Tom Lee äußerte sich diese Woche zum Bitcoin-ETF. Seiner Meinung nach wird dieser erst zugelassen werden, wenn der BTC-Kurs mindestens 150.000 US-Dollar beträgt. Schauen wir auf den aktuellen BTC-Kurs könnte diese Marke noch Jahre entfernt sein.Bitcoin News: Bitcoin ETF erst ab 150.000 US-Dollar pro BTCDer Grund für Lee’s Meinung ist der große Unterschied zwischen der Marktkapitalisierung des BTC und der voraussichtlichen Marktnachfrage.Der BTC fluktuiert aktuell um eine...

TBCASoft, IBM and SoftBank Corp. have announced their collaboration in an effort to transform the industry of telecommunications. The companies will work on developing cross-carrier blockchain solutions, offering new services to telecom carriers and their clients, and promoting advanced business models.TBCASoft is a US-based startup company that focuses on developing technologies especially for the sector of telecommunications. Founded in 2016, the company received funding from SoftBank, and...

China’s internet and communications giant Tencent has recently raised concerns that if Facebook succeeds in its Libra launch by 2020, local Chinese payment service providers like WeChat pay and Alipay would face major threats in global markets.Tencent recently published a blockchain whitepaper in Chinese, wherein it calls Facebook’s Libra initiative as “bold and radical” as well as “prudent and rational”. The Chinese tech giant explains how Libra can quickly make inroads in markets where the...

Following yesterday’s analysis, just a matter of hours, Bitcoin couldn’t hold, and the results were devastating.After trading sideways for almost a month, Bitcoin broke down the ‘neckline’ of the Head and Shoulders pattern that was identified here yesterday, followed by a huge red candle of more than $600. As of writing this, the low of the past 24 hours lies at $7300 (BitStamp). Bitcoin had lost $10,000,000,000 from its market cap since yesterday.Technical analysis is, for sure, not science....

Litecoin price is down more than 5% today and it broke the key $51.20 support against the US Dollar.LTC price is correcting currently higher and it could face resistance near $50.00 and $51.20.There is a crucial bearish trend line forming with resistance near $53.75 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains at a risk of more downsides if it fails to recover above $50.00 and $51.20.Litecoin price is back in a downtrend below $52.00 against the US...