From Bitcoin’s odds of hitting a fresh 2019 high to new support for Ethereum and XRP, here’s a look at some of the stories breaking in the world of crypto.
Tone Vays says the Bitcoin breakout he’s been looking for has finally arrived. The veteran trader, who has called himself the “last bear left” says he’s changing his tune after witnessing Bitcoin climb back and remain above $12,000. Vays says the next key level of resistance to watch is the spot where BTC hit its 2019 high near $14,000.
“We have broken the three prior swing lows. That’s a very good sign. There’s only one left. There’s only one hurdle to go and that’s the top at $13,880 – and the four-hour chart closed pretty much in that area.”
Meanwhile, analyst Josh Rager is outlining the same resistance level and says he believes at this point, there’s not much in the way of Bitcoin attaining that new yearly high.
Fool me once, shame on you… Fool me twice, shame on me
No way was I shorting Bitcoin after a close under the resistance again
Not much stopping this train, just minor daily & weekly resistance left until new yearly highs pic.twitter.com/81Fy43HJZw
— Josh Rager ? (@Josh_Rager) July 9, 2019
Electronics giant Samsung is releasing a beta version of a new software development kit designed to help build Ethereum-based decentralized apps on its latest line of Galaxy smartphones.
“The SDK helps developers to manage blockchain accounts easily. In addition, a DApp does not need to make separate types of transactions that follow coin types by themselves anymore. The SDK offers a payment gateway for cryptocurrency remittance with its UI. To use this payment solution, a DApp needs a keystore. With this, Samsung Blockchain SDK links users not only to the Samsung KeyStore but also to any external cold wallets as well.”
Ripple and XRP
The Vienna-based cryptocurrency exchange Bitpanda has revealed it will support XRP at the launch of its global exchange next month. The third-largest cryptocurrency by market cap will be paired with the euro.
We can confirm that XRP/EUR will be a trading pair available at the launch of the Bitpanda Global Exchange on August 7th $XRP $EUR pic.twitter.com/9L0wPcTCX7
— Bitpanda Global Exchange (@BitpandaGE) July 8, 2019
The crypto-only retailer Crypto Emporium says it’s noticed an uptick in the number of users paying with Litecoin in recent months, calling support for LTC “moderate”.
The company made the announcement in response to CoinGate’s recent infographic highlighting an increasing number of payments in LTC.
We’ve seen a moderate number of orders using Litecoin. In recent months there has been definitely more support for the #PayWithLitecoin movement within our business.
— Crypto Emporium (@CryptoEmporium_) July 9, 2019
The global head of marketing at IBM Blockchain World Wire has confirmed that the tech giant is still moving full-steam ahead with its Stellar-based remittance platform.
According to Mollie Martin, IBM is now focused on attaining legal compliance in countries around the world.
Thanks Dave! We really appreciate your support. You’ll see more news from us soon. Right now we are heads down working on the tech and making sure we’re legally compliant. It can be a slow process but changing the world takes time. ? Keep in touch!
— Mollie Martin (@martinmollie) July 9, 2019
Tron has officially launched BitTorrent Speed. The software integrates the Tron network with BitTorrent, allowing users to earn the token BTT by sharing files.
Not far from my first 1000 #BTT earned @justinsuntron#Tron #Trx #TronSociety #TronBlocks #BitTorrentSpeed pic.twitter.com/Br6csPQvb4
— Dave [Tron-Society] (@redpillblue1) July 9, 2019
Tron (TRX) and BitTorrent (BTT) have also just been listed by London-based cryptocurrency exchange CEX.io which will support several new trading pairs starting today.
- TRX/USD, TRX/EUR, TRX/BTC
- BTT/USD, BTT/EUR, BTT/BTC