United States banking and financial services giant Wells Fargo along with Euclid Opportunities were principal contributors to the $18 million (Series A funding) for Blockchain start-up enterprise Axoni. Euclid is owned by ICAP, an inter-dealer brokerage corporation. Major Players Wells Fargo is the US global banking and financial services holding conglomerate based in San Francisco CA.…

One of the prominent insurance corporations in Japan, Mitsui Sumitomo will launch a new policy line intended for Bitcoin exchanges. Mitsui Sumitomo Insurance Group Holdings Incorporated based in Tokyo was formed by the merger of Mitsui and Sumitomo Marine and Fire Insurance companies. This time, Mitsui Sumitomo partnered with Bitcoin exchange bitFlyer to work out this…

During the last couple of weeks, numerous developments in the blockchain industry have gone unnoticed. In fact, Blockchain is quickly gaining more and more popularity, and it now has to potential of upending numerous sectors of our economy, by helping eliminate what we commonly refer to as the middlemen (brokers for services, information, money and…

The Japan Exchange Group or JPX established a group involving a number of corporations under its umbrella to test the Proof of Concept market infrastructure of Blockchain. The Tokyo and Osaka Stock Exchanges will work with Japan Securities Clearance Corporation to check the prototype mutually. JPX already announced last February it teamed up with the Japanese Division…

Bitcoin markets are currently going crazy as an ongoing bull run is pushing BTC/USD rates to new highs, prices that hadn’t been reached since 2013’s bubble. Major Signals Back to back sell order kept smashing selling pressure and broke through resistance, pushing the price to levels even higher than $800. The market’s sentiment is…

Is the market price of Bitcoin still upbeat? The People’s Republic of China (PROC) is intensifying its efforts to hold back capital outflows following the decline of the Chinese Yuan to a low of over eight years. Capital outflow refers to capital that comes out from an economy. This is often caused by socio-economic and political issues…

BTC/USD markets seem to be going through a period lead by volatility, as the recent break through resistance at $790 levels would lead one to expect. Yet, the recent patterns indicate that the outlook isn’t particularly grim as new highs are being reached after the breakthrough. All this amid growing resistance. Major Signals Resistance above…

Multinational Technology Giant International Business Machines (IBM) based in New York City (USA) partnered with Indian Business Corporation Mahindra Group to expand Blockchain-based network applications. The two companies are developing a model or trial product that can monitor supply chain transactions through Blockchain. IBM and Mahindra IBM maintains operations in 170 countries and is one of…

In spite of the break through resistance, selling pressure hasn’t managed to push BTC/USD rates much lower than $790 levels. Volatility was to be expected but as surprising as it might sound, the price hasn’t dropped below $787 after the spike the pushed bitcoin’s price above $790. Major Signals Selling pressure in BTC/USD markets keeps…

Bitstamp, a notable Bitcoin exchange based in Luxembourg, will stop its operations in Washington State on December 20 citing stringent regulations imposed by the State Government. A user of Reddit, social news aggregation and discussion website, posted the letter online. The communication was addressed to users. It stated that users had until December 20 to…