CBX Newsletter // 20 March 2019
- BTC Analysis: Bulls and Bears waiting
- IBM & Stellar
- PRS launched on CBX!
BTC Analysis: Bulls and Bears waiting
Bitcoin (BTC) has been trading on the upside these last couple of days following a trendline that started during the beginning of February 2019 after forming a double bottom at $3,330. However, the Bulls haven’t been able to push and maintain the price of over $4,000, which has been a very stubborn resistance lately.
Bulls are showing exhaustion which can result in a slight pullback to the lows of 2019 and 2018 as we have previously argued during the lasts newsletters. So far the price has been constantly above the 12 and 26 Simple Moving Average (SMA) on the Daily chart. The Bears need to see a break in the trendline and moving averages acting as strong support.
According to CMC (coinmarketcap.com), the overall market is at $140 Billion and Bitcoin’s dominance has decreased a little over 1% but still leading over 50.8% of the market. BTC is being traded at $3,993 at CBX.
IBM & Stellar
IBM aims to take its banking clients into Cryptocurrencies and Blockchain Technology.
IBM announced that six international banks have expressed interest in issuing their own stablecoins backed by physical assets, based on World Wire, an IBM payment network that uses the Stellar (XLM) public blockchain. The network allows regulated institutions to move value across borders, such as remittances and foreign currencies, in a more faster and cost-effective way.
The network went live on Monday, running one US Dollar backed stablecoin created by Stronghold, a company based in San Francisco, USA.
IBM’s World Wire platform has payment locations in 72 countries, with over 48 currencies and 46 “banking endpoints” including banks and other money remittance companies where people can send or receive cash, said IBM.
PRS launched on CBX!
You can now trade PressOne tokens at CBX!
PressOne (PRS) is a cryptocurrency token and operates on the Ethereum platform.
The PRS protocol provides developers with the ability to create their own decentralized apps that connect various technologies, for example, blockchains, consensus, P2P and cloud storage. Dapps can keep private data off-chain, and store their public data with the PRS network. Everyone in the ecosystem will benefit from the shared data. Users and developers can write their business logic and verify transactions by PRSC DSL to ensure the reliability of these transactions.
PressOne has a current supply of 2,000,000,000 PRS.
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