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Bitcoin Cash – The Bull Run Resumes - Global Coin Report
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Bitcoin Cash – The Bull Run Resumes

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Bitcoin Cash
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Bitcoin Cash has continued to defy the odds, with the market readiness for Bitcoin Cash’s hard fork on the 15thMay that pushed Bitcoin Cash into a bullish trend. BCH started its bullish trend at 6th April’s low $600.1 and, trailblazed its way through April to its current price at $1486.

Market sentiment towards Bitcoin has seen a decline since the beginning of the year, as concerns continue to linger over its adaptability in the real world, transaction speeds and fees making it a cumbersome alternative to fiat money. Last year, disagreements between Bitcoin core developers and community over the speed at which to increase its block size ultimately led to the Bitcoin hard fork and, while Bitcoin continues to struggle with its existing block size, the Bitcoin Cash community is at it again, not only looking to ramp up the block size from 8MB to 32MB, but to also introduce a number of other enhancements, including the reactivation of the blockchain’s smart contract feature that allows the network to share, archive and track and record assets that have been digitalized.

A multi-functional cryptocurrency that provides a more viable alternative to fiat money, with significantly faster transaction times and negligible fees relative to Bitcoin, and also a document and asset warehouse capability can only be a positive factor for Bitcoin Cash and its outlook.

The news of the 15th May hard fork was not new, but with increased references across the crypto news wires, speculative investors will have moved into Bitcoin Cash on hopes of receiving a free Altcoin in event that the hard fork does not garner the necessary support. However, the current fork will not create a free altcoin for Bitcoin Cash holders.

We’ve seen Bitcoin Cash ease back from its 24th April swing high $1,578.3, on the back of a combination of profit taking and a realization that a creation of an Altcoin will be unlikely.

Having rallied 111.3% in the month of April, leaving Bitcoin in the dust with its measly 35.1% gain, the recent reversal will not be of particular concern for longer-term investors who are seeing an increasing adoption of blockchain technology and the use of cryptocurrencies in the real world.

In addition, the fact that the Bitcoin Cash community having far fewer disagreements than the world of Bitcoin makes it a safer coin and a better investment.

On the Technical and the Day Ahead

Following a start of the week wobble that saw Bitcoin Cash give up 6.43%, Tuesday’s consolidation of April’s gains supported a resumption of the current bullish trend formed at 6th April’s swing low $600.1, Bitcoin Cash ending Wednesday up 7.83% at $1,461.2.

At the time of writing, Bitcoin Cash was up 1.21% to $1,478.6, with BCH holds around an important support level at $1474.

A break above the 9 days Moving Average can signal the next bullish leg towards the previous high at $1534.

We will expect Bitcoin Cash to move within the upper end of a $1,300 to $1,600 range, with a breakout from April’s swing high $1,578.3 bringing $2,000 levels into play ahead of the 15th May hard fork.

Any pullback through to $1,300 levels will see Bitcoin Cash test the day’s first major support level of $1,337, its 23.6% Fib retracement.  support at the $1,400 psychological level likely to be dictated by sentiment across the broader market.

For long-term investors, a stop loss at $1,200 low would protect from a bullish trend reversal that could see Bitcoin Cash slide through to $1,100 levels to bring sub-$1,000 and 6th April’s swing lo $600.1 into play.

This article was written by FXEmpire

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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