Bank of America Files Patent for Blockchain-enabled Cash Handlers

Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain around 58 times, indicating how the digital ledger technology would improve their traditional cash deposit and withdrawal protocol. A cash handling device, in general, assists banks in dispensing, counting and tracking their cash flow to…

Bank of America Reveals New Blockchain Patent Targeting Cash Handling

Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms. Originally submitted in June 2017, the patent references “banking systems controlled by data bearing records.” “Aspects of the disclosure relate to deploying, configuring, and utilizing cash handling devices to provide dynamic and adaptable operating functions,” its abstract reads. BoA explains there remain communication difficulties in aspects of cash handling duties across banks’ huge operations, and suggests blockchain could help ease these. “Cash handling devices may be used…

Crypto Market Update: Bitcoin Cash Rally, Tron (TRX), ADA, IOTA Price Analysis

Key Points The total crypto market cap is showing positive signs and it recently moved towards $135.00B. Bitcoin cash surged higher by more than 50% and broke the $200 resistance. Tron (TRX) cleared the $0.0175 resistance and it could head towards $0.0200. Cardano (ADA) price broke the key $0.0400 resistance level. IOTA (MIOTA) gained more than 20% recently and surpassed the $0.3250 resistance. Bitcoin cash rallied above $200 and it could extend gains towards $240. Ethereum, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) remain in a solid uptrend.…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap declined below the $100.00B support before buyers appeared near $96.5B. EOS price is currently consolidating below the $2.00 resistance area. Bitcoin cash price is trading above the $80.00 support with a tiny bullish angle. Tron (TRX) is still above the $0.0130 support level. Cardano (ADA) price seems to be preparing for an upside break above $0.0300. The total crypto market cap declined further below $100.00B before recovering slightly. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) remains at a risk…

Crypto Market Update: Stellar (XLM), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap failed to gain pace and declined below $100.00B. Stellar (XLM) price declined more than 6% and broke the $0.120 support. Bitcoin cash price fell sharply by around 10% and broke the $90 support. Tron (TRX) is still stuck above the $0.0130 support level. Cardano (ADA) price declined once again below $0.0300 and it may slide further. Bitcoin cash declined heavily and broke the $95 and $90 supports. Stellar (XLM), Tron (TRX) and Cardano (ADA) are currently under pressure and they may slide further.…

Crypto Exchange Gemini to List Bitcoin Cash With NYDFS Approval

The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the bitcoin cash network split into two different and competing blockchains with their own tokens. The exchange has added replay protection to ensure that transactions are only valid on the one network, wrote engineering VP Eric…

Week 2: How the Bitcoin Cash “Hash War” Came and Went and Not Much Happened

In what may well have been the most watched cryptocurrency event of 2018, Bitcoin Cash two weeks ago “hard forked” (split) into two different coins. The “big block” project that itself forked away from the Bitcoin blockchain in August 2017 fragmented into “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). In this third and final overview: the main takeaways and latest developments of the second week since the Bitcoin Cash split. Hash War Over The Bitcoin Cash split drew as much attention as it did in part because Bitcoin…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support

Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…

Bitcoin Cash Drops 5% as Crypto Market Retraces, Tokens Take a Hit

Twitter Facebook LinkedIn After demonstrating nearly a 50 percent gain within a three-day span, Bitcoin Cash dropped five percent of its value against the US dollar. The volume of Bitcoin Cash, which hovered at around $1.4 billion on November 6, has since dropped to $950 million, by 32 percent. Still, on a weekly basis, the volume of Bitcoin Cash is up from $750 million from $200 million. Ripple (XRP), EOS, and Stellar (XLM), three major cryptocurrencies that experienced fairly large gains against both Bitcoin and the US dollar, recorded a…

Bitcoin Cash Volume Surges 7x to $1.4 Billion, Crypto Market Recovering

Twitter Facebook LinkedIn Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. The volume of Bitcoin, led by an abrupt surge in volume in the cryptocurrency exchange market of South Korea and the BTC-to-KRW trading pair, increased from $3.1 billion to $4.4 billion within a span of seven days, increasing…