The moving average convergence divergence (MACD) indicator for leading cryptocurrency Bitcoin signals the end of bearish pressures as bitcoin’s corrective rally picks up pace. The MACD indicator which shows momentum has diverged from its previous downward trend a move considered a sign of seller exhaustion and often followed by...
Fintech startup SendFriend has secured a US$1.7 million funding round for its remittance platform that will use the XRP cryptocurrency to move funds internationally. Backed by banking group Barclays and XRP founder Ripple, the startup gained a stake through its “Barclays powered by TechStars”...
Since its first inception, Money has been evolving; from seashells and hides to gold and paper bills the means of converting and transferring value has always been changing. Now, a raft of new technology firms are exploring ways to evolve again as the constraints of currency transactions look to be...
National lender State Bank of India is reported to be considering a tie-up with cryptocurrency firm Ripple to power instant remittance payments into the country. The crypto-firm has seen rapid growth in interest in the country following news last month that Kotak Mahindra Bank would implement its xCurrent system for payments. India’s...
Dutch banking group ING has called cryptocurrency a “significant” potential disruptor for the banking sector as it plans to focus increased investment in the space. “The key enterprise value is twofold: blockchain-based solutions will introduce efficiencies to existing processes, thereby reducing transaction times, and costs alongside improving privacy and security...
European banking group Rabobank is reportedly exploring options to deploy its own cryptocurrency wallet as it also conducts parallel trials with Ripple’s  Xcurrent system and interledger protocols. The Dutch bank has developed the cryptocurrency project under its internal “Moonshot” program and is now planning to launch a wallet “within its...
Bitcoin may go as low as $5,000 if it breaks the key support level at $6,900, having failed to capitalize on signs of weakening bearish momentum yesterday. The cryptocurrency's technical charts produced a doji candle, signaling short-term bearish exhaustion but a corrective rally remained elusive as bitcoin ran into offers...
News that global investment bank Goldman Sachs is to begin using its own money to trade cryptocurrency has emboldened the sector with expectation that it will pave the way for wider adoption in Wall Street. The new trading operation will take a cautious approach to trades and will not initially...
The unique combination of anonymity and traceability that Bitcoin offers for financial transactions is the main driver for growth, according to new research from The Association of Financial Analysts. Around a third of respondents backed these twin factors as the biggest driver for growth. Bitcoin has become the most prominent...
Financial cryptocurrency consortium R3 Blockchain has expanded with the addition of the National Bank Of Egypt in the Middle East. The NBE joins well over two hundred financial service firms, central banks, technology companies trade associations and regulators in the global blockchain initiative. “We can better assess the value this technology...