Facebook Acquires Blockchain Startup Chainspace

Facebook Acquires Blockchain Startup Chainspace 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Facebook Acquires Blockchain Startup Chainspace According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook.   Facebook Acquires…

BTC Ranging, Blockstream Quick Fix

BTC Ranging, Blockstream Quick Fix 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

BTC Ranging, Blockstream Quick Fix Bitcoin Prices are steady but could rally above $3,600 in days ahead Blockstream’s Proof of Reserves could solve the exchange’s perennial problems Transaction volumes below average It may be an exit scam or a tragedy, but the bottom line is that QuadrigaCX users stand to lose $190 million. It is unbearable, but that is the reality. All the same, deliberations are in progress. In the meantime, BTC bulls are rejecting lower lows and could print above $3,600 and $3,800 by close of the week. Bitcoin…

XRP Stand to Benefit From ASEAN Adoption Drive

XRP Stand to Benefit From ASEAN Adoption Drive 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

XRP Stand to Benefit From ASEAN Adoption Drive Ripple price bullish, candlestick formation favor buyers Targets at developing countries and China mean Ripple is better placed to clip SWIFT’s dominance Transaction volumes low. Volumes above 49 million will confirm underlying XRP demand Sellers may be pressing hard, but XRP bulls are technically in control. Before we recommend longs, XRP prices must first race above 34 cents confirming bulls of Jan 30 and those of late Dec 2018. With supportive fundamentals, this trade plan is valid and likely to print out.…

TRX—BTT Inverse Relationship, Demand Taper

TRX—BTT Inverse Relationship, Demand Taper 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

TRX—BTT Inverse Relationship, Demand Taper Tron prices in range mode but bullish BitTorrent benefiting from BTT hype Transactional volumes low despite yesterday’s upswings Although TRX prices are retracting from yesterday’s highs, it stands to benefit from the BTT demand. At the time of writing, TRX is down 1.4 percent from yesterday’s close, but as long as prices are above 2.5 cents, aggressive traders can initiate trades on every dip. Modest targets will be at 4 cents. Tron Price Analysis Fundamentals BitTorrent is and will continue to be a game changer…

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical mass,” according to an announcement. Stablehouse will act like a traditional central clearing counterparty, or CCP, allowing the exchange of stablecoins at “a liquid market price and for a fixed minimal fee.” The platform will launch…

Bitcoin’s Daily Price Range Hits Three-Month Low

Bitcoin's Daily Price Range Hits Three-Month Low 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin’s Daily Price Range Hits Three-Month Low View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish exhaustion have emerged on the 4-hour chart. A strong move above $3,430 would confirm a falling wedge breakout and open the doors to $3,658 (the high of the…

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

$312 Million in Mt Gox Cryptos Possibly Sold Via BitPoint Exchange What appear to be leaked bank documents suggest that millions of dollars-worth of cryptocurrency from the now-bankrupt bitcoin exchange Mt. Gox may have been sold on the the open market through Japan’s BitPoint exchange last year. Goxdox, a site dedicated to supporting the creditors of Mt. Gox, published images of bank transactions on Tuesday, stating that they show payments in Japanese yen from BitPoint to the account of the Mt. Gox trustee, Nobuaki Kobayashi. The payments amount to 34.3 billion yen…

Bitcoin Price Watch: BTC Consolidating Amid Low Volatility and Volume

Bitcoin Price Watch: BTC Consolidating Amid Low Volatility and Volume 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Watch: BTC Consolidating Amid Low Volatility and Volume Bitcoin price trading in a tight range above the $3,375 support area against the US Dollar. There is a key connecting bullish trend line formed with support at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price might correct higher in the short term towards the $3,430 and $3,350 resistances. Bitcoin price is struggling to gain bullish momentum above $3,450 against the US Dollar. BTC price might continue to trade in a range until…

Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Crypto Market Rebounds: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis The total crypto market cap is showing signs of a recovery above the $108.50B support level. Litecoin (LTC) price is gaining momentum and it could trade above the $35.00 resistance. Bitcoin cash price is currently consolidating below the $120 resistance level. Tron (TRX) is up more than 8% and it broke the $0.0275 resistance zone. Cardano (ADA) price is trading flat just above the $0.0375 support level. The crypto market could rebound in the short term. Bitcoin (BTC),…

Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming?

Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming? 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ripple Price Analysis: XRP Testing Crucial Support, Breakdown Incoming? Ripple price is under pressure and it recently broke the $0.2980 support level against the US dollar. There is a major bearish trend line formed with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate losses if there is a downside break below the $0.2940 support in the near term. Ripple price declined further and broke key supports against the US Dollar and Bitcoin. XRP/USD is currently at a risk of…