Bitcoin price slumped overnight. Markets are beginning to rear ahead of today’s Fed rates announcement. Bitcoin price holds above support in the low $590s. Today’s Fed rates announcement (scheduled for 19h00 UTC) should see the market gain volatility and, hopefully, progress toward $680. Price action below $590 should open decline to the mid $500s (Bitstamp) at the 1day 200MA (red).
Microsoft took the headlines today with their announcement of Benchley, which makes it easy to create your own ethereum based private blockchain, Cryptolet, a smart contracts oracle, and Enclaves, “an area of the chip itself where you can have code and have data run that is tamper resistant,” according to Marley Gray, head of Microsoft’s Ethereum Blockchain as a Service on Azure.
A new partnership between Indian bitcoin exchange Coinsecure and global money transfer platform OKLink – a spinoff of Chinese bitcoin exchange OKCoin – will see digital currency and fiat remittances to Indians using blockchain technology. India May Overtake China in Bitcoin Use.
