The price of Bitcoin maintains support above $ 42,000 and could face resistance near $ 50,000 according to market analysts. The short-term uptrend remains intact despite several overbought pullbacks that were resolved to the upside. Is the price of Bitcoin approaching $ 50,000?
Recall that the weekend was mixed: there was a rise on the way to USD 48,000 and a significant rejection at that level. But Bitcoin has already recovered from all its losses.
Since conditions are broadly favorable for continued force, it may be only a matter of time before the next bullish move. Currently the cryptocurrency stands at USD 46,300 according to what is indicated in our internal tool, crypto online.
Walmart seeks a crypto products manager to boost its digital currency strategy
Major North American retail company Walmart is looking for an experienced cryptocurrency expert who can develop and drive an ambitious digital currency strategy. And, a product roadmap.
In the offer for the position, Walmart indicates that it is looking for someone with a track record of leading and scaling businesses. With at least 10 years of experience in product / program management and technology-based product marketing. The ideal candidate should have experience in Bitcoin, cryptocurrencies, and blockchain-related technologies. As well as deep knowledge of the crypto ecosystem and its main actors.
Walmart has hinted at the focus of its future digital currency strategy by noting that it already enables a “broad set of payment options for its customers.” Although not yet in cryptocurrencies. As early as 2019, Walmart had filed a patent for a blockchain-based digital currency. And, backed by the US dollar it was, at the time, similar to Facebook’s early proposals for what was then known as Libra.
Microsoft intends to use the Ethereum blockchain network to fight piracy
The Windows operating system and the Office productivity suite have always been at the top of any hacking platform. So it is not surprising that Microsoft, the developer of both products, is working hard to establish anti-piracy measures.
In a new article published by Microsoft’s research department, with the participation of researchers from Alibaba and Carnegie Mellon University. The Redmond-based software company studied a blockchain-based incentive system to bolster anti-piracy campaigns.
As the research title suggests, “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns.” Microsoft’s new system builds on the transparency aspect of blockchain technology. Built on top of the Ethereum blockchain network, Argus aims to provide a trustless incentive mechanism. While protecting the data collected from the open anonymous population of hacking whistleblowers.
Fintech company Leonteq expands its cryptocurrency offering in Europe
Following the successful expansion of its cryptocurrency service in its native Switzerland, financial technology company Leonteq has now launched a collaborative effort with ICF Bank. One of Germany’s leading securities trading banks, to bring cryptocurrencies to institutional investors in Germany and Austria.
Well regarded in the Swiss markets, including being the ‘world’s first short-tracking certificate in Bitcoin in 2017. As well as the world’s first inverse convertible to Bitcoin in 2019.’ The company is now ready to take more steps in the emerging space.