Blockonomi

Litecoin (LTC) Price Prediction: Fresh Upside Above $85 On The Cards

Litecoin price corrected lower and retested the main $75.00 support area. LTC is likely setting up for a strong upward move above the $80.00 and $85.00 resistance levels. Litecoin price traded as low as $74.11 and recently rebounded above $76.00. LTC is currently trading inside a major contracting triangle with resistance at $79.80 on the …

Blockonomi

EOS Price Prediction: Bulls Facing Uphill Task, Can They Overcome Hurdles?

EOS price bounced back recently after trading close to the $5.000 support area. However, EOS bulls are facing a lot of hurdles near the $5.500 resistance area. EOS price traded as low as $5.024 and recently bounced back above $5.300. There is a crucial bearish trend line in place with resistance at $5.480 on the …

Blockonomi News

JP Morgan Eyes Modernizing Settlements via Its Interbank Blockchain Service

Crypto settlement plays like Ripple be warned — banking goliath JP Morgan is aiming to launch new settlement functionalities on its interbank blockchain rail, the Interbank Information Network (IIN), in the third quarter of 2019. The advancement was confirmed by the firm’s head of global clearing, John Hunter, who told the Financial Times per an …

Blockonomi News

Analyst Prediction: The Chinese Renminbi Will Become A Government-Backed Crypto

Since the rise of consumer electronics, especially with smartphones in the past decade, financial technology has become a hot industry. As a result, online banking and digital invoices have become the norm. One analyst, however, predicts that China will take this trend one massive step further, and will convert its entire fiat system to a …

Blockonomi

Arweave & The Permaweb: Permanently Host Your Web Apps & Pages

Information is powerful. Arweave understands how important archiving information is, and the difficulties that can emerge for people that need access to reliable data that is stored online. One of the biggest changes that the internet has engendered is an unprecedented amount of access to information. Arweave launched a platform that addresses many of the …

Blockonomi

diamDEXX: Brings Diamonds to the Stablecoin Market

diamDEXX is one of the latest companies to enter the growing stablecoin market. One of the biggest problems for crypto investors is the level of price volatility in the marketplace. Cryptos are a very small market when compared to stocks and bonds, which means that money flows have an outsized effect on crypto prices. Stablecoins …

Blockonomi

Bitcoin BTC/USD Analysis: Rallies Above $5500 to Reach 2019 High Point

From Friday’s low at around $177,498,000,000 the evaluation of the cryptocurrency market cap has been moving sideways over the weekend as it came up to $180B level after which another downfall has been made to $175,641,179,204 on Sunday. On Monday the evaluation stabilized and was hovering around the same levels around $180,5B from where it …

Blockonomi News

Serena Williams Quietly Funds Coinbase, But Don’t Be Surprised

In the eyes of many, crypto- and blockchain-related venture capitalism is relegated only to big-name funds, such as Andreessen Horowitz, Peter Thiel’s Founders Fund, and Union Square Ventures. But many forget that wealthy and famous individuals, too, have begun to siphon money into this space, as they look to capture the groundbreaking potential that Bitcoin …

Blockonomi News

IBM Blockchain Welcomes Its Newest User: Volkswagen

German automobile heavyweight Volkswagen Group has announced it will leverage IBM Blockchain, the tech power’s proprietary digital ledger, to track minerals used in its manufacturing supply chain. Specifically, the company said it hoped to use IBM Blockchain to trace the “cobalt used in lithium-ion batteries” via the logistical data that’s to be facilitated by IBM’s …