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From the cryptographic market analysis to a billion dollar customer in Ripple, here are some of the stories that break in the blockchain world.
Crypto Rally
Bloomberg is seeing positive signs for a year-end Bitcoin and a run of cryptocenes.
"A technical indicator for an index that tracks some of the largest digital currencies suggests that the crypto industry might be ready to move out of its recent malaise and rally at the end of the year.
The MACD, or convergence divergence moving average, indicator for the Bloomberg Galaxy Crypto index made its first positive divergence in a month. The move corresponds to an upward trend in Bitcoin, which represents about 30 percent of the fund ".
According to the report, eToro senior market analyst, Mati Greenspan, agrees with the analysis.
"The technical details are fantastic and the fundamentals are fantastic, all the signs indicate a manifestation of Santa Claus in the cryptic market".
EOS and Ethereum
The BancorX decentralized cryptographic platform now supports Ethereum (ETH) and EOS.
The protocol allows users to convert ETH to EOS and vice versa without having to use a cryptographic exchange.
CLOCK: @ChrisConeyInt explains how #BancorX enable conversion of #tokens on different #blockchains without an exchange. https://t.co/J9t2WPlE8i pic.twitter.com/7X8N9cgJIO
– Bancor (@Bancor) November 7, 2018
Monero, Cardano, Stellar, XRP, Tezos, Decred, Groestlcoin, Lisk, Zencash and Zcash
The Trezor hardware portfolio has just added a huge list of nine cryptocurrencies to the Trezor Model T, thanks to a new firmware update.
You can check the details here.
Great news today! Largely thanks to the effort of the community, the new firmware version 2.0.9 for Trezor Model T now includes support for a number of new coins. A new version 1.7.1 firmware has also been released for Trezor One with full support for WebUSB! https://t.co/xUnH6gvERv
– Trezor (@Trezor) November 7, 2018
Ripple
SEB, a Swedish financial group and a long-standing Ripple partner, says it is now moving billions of dollars using Ripple's xCurrent payment platform.
The head of company transaction services, Paula da Silva, says:
"Last year, there was only one customer, we now have all SEB customers who make inter-company transfers between Sweden and the United States on the Ripple platform, so we have a couple of billions passing through it. We are trying to understand how it will go and what we need to make it happen even better. "
We are really proud to work with Paula and her team at SEB. Super results from a great customer and partner of Ripple. #internetofvalue https://t.co/dofzGFJZ1V
– Marcus Treacher (@marcus_treacher) November 7, 2018
IOTA
The decentralized data platform for carVertical cars has just released a video showing its latest strategies for implementing the IOTA tangle.
"An OBD [on-board diagnostics] device keeps track of your car and processes data on the IOTA tangle. When your vehicle is in motion, it is constantly monitored by GPS. Coordinates, engine status and battery level are stored as IOTA transactions.
If the vehicle stops in the paid parking area, carVertical.CITY automatically registers the parking start time and the price in the area. When you drive, an app autonomously performs a new IOTA transaction indicating that your parking is over and defines service costs. "
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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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