Summary:
- Barclays is looking for opportunities in a blockchain technology
- Crypto celebrities appeared on a famous Fortune’s list
- LITECOIN, ETHEREUM and RIPPLE have lost a significant part of their recent gains
This week has resulted in various outcomes for cryptocurrencies. On Friday, Bitcoin id the only being able to keep its previous significant gains. Major cryptocurrencies excluding the most famous virtual currency are set to end the week less positively. The capitalization of the whole market sits a notch below $285 billion while the capitalization of altcoins stands below $160 billion. As far as recent top stories related to cryptocurrencies are concerned, it’s worth mentioning other companies trying to focus on cryptocurrencies or blockchain in general. Barclays, the large British bank, is exploring possible benefits from blockchain.
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BITCOIN, unlike other major virtual currencies, is taking a breath. In general, this coin is moving quite differently compared to other ones. At the time of writing, the virtual coin is settling down around a $7400 handle localized a notch below a probable resistance level at $7550 (a blue area). BITCOIN could test this level in the nearby future. Source: xStation5
One of the most curious news regarding coins is that some celebrities from the cryptocurrency world appeared on the Fortune’s 40 Under 40 List. Brian Armstrong, a co-founder of Coinbase, occupies the 20th place. Vitalik Buterin, a founder of Ethereum coin, occupies the 22th. The list gathers the most influential people under 40 all over the world. Fortune’s List 2018 contains a lot of famous people such as Mark Zuckerberg (Facebook’s CEO) and Kevin Systrom (Instagram’s CEO).
LITECOIN, just like Ether or Ripple, has experienced some falls lately. After significant gains made this week the cryptocurrency is taking a step back. The coin is testing its 33-period moving average on a H4 interval (a purple line on the chart) at press time. A clear break could result in an extended move to the downside. Source: xStation5
The second story touches Barclays, one of the biggest UK’s banks, which is exploring possible benefits it could obtain from blockchain. The bank has applied for blockchain-related US patents. The banking giant probably wants to use this modern technology in banking services. Barclays is another American gigantic company interested in blockchain or cryptocurrencies. What’s more, the best known audit companies, a group called the Big Four, are joining a special Taiwanese banks’ group created to test a blockchain service for auditing financial reports. Companies are expected to wonder whether blockchain could improve, for example, efficiency of auditing services.
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