Apex Crypto News – Gibraltar Gov’t Partners With Post-COVID DLT Hackathon
Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era.
The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants.
Albert Isola, Gibraltar’s Minister for Digital and Financial Services, expressed pride in the government’s involvement with the hackathon, stating that “the COVID-19 pandemic has brought with it a range of new global challenges.”
“I am excited and look forward to seeing the dynamic solutions that will arise from this initiative, geared towards helping global communities adjust to the post-pandemic world. We are happy to support and be a part of this great work,” he added.
The Post-COVID Hackathon will be co-hosted by Gibraltar-based investor and advisor to early-stage blockchain companies, Coinsilium, and Singapore-based fintech firm Indorse.
“The objective of Post COVID Hack is to mobilize the blockchain community’s coding talent to build open, permissionless solutions and accelerate the post-COVID recovery process,” said Coinsilium chief executive, Eddy Travia.
Travia emphasized his appreciation for the support of Gibraltar’s government, adding, “We welcome individuals and organizations to support this initiative and help us shape a positive ‘new normal.’”
The event will also be supported by smart contract developers RSK, and blockchain start-up incubator Tribe Accelerator.
Diego Zaldivar, the CEO of IOVLabs, the team behind RSK, stated, “We are delighted to be part of this initiative as enabling financial inclusion through our platforms is our mission.”
“We really hope that coming together as a community to the service of humanity throughout these challenging times in order to foster creative solutions based on blockchain and RSK technologies will help make a difference,” he added.
The Post-COVID Hackathon’s online events are slated to commence on Aug. 10 and run until November.
- HashCash Offers Professional Grade Crypto Portfolio Management System to Traders
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The Crypto Daily – Movers and Shakers – July 22nd, 2020
Bitcoin, BTC to USD, rallied by 2.43% on Tuesday. Reversing a 0.56% decline from Monday, Bitcoin ended the day at $9.402.0.
It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,174.4 to an early afternoon intraday high $9,457.2.
Bitcoin broke through the major resistance levels before falling back to $9,340 levels.
The pullback saw Bitcoin fall through the third major resistance level at $9,358.03 before returning to $9,400 levels.
Resistance at $9,400 capped the upside late in the day.
The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.
Across the rest of the majors, it was a bullish day on Tuesday.
Tezos led the way, rallying by 9.29%.
Bitcoin Cash SV (+5.60%), Cardano’s ADA (+4.66%), Ethereum (+4.13%), Litecoin (+4.53%), also found strong support.
Binance Coin (+1.43%), Bitcoin Cash ABC (+2.60%), EOS (+2.32%), Monero’s XMR (+0.68%), Ripple’s XRP (+2.53%), Stellar’s Lumen (+2.59%), and Tron’s TRX (+2.42%) trailed the front runners.
At the start of the week, the crypto total market cap fell to a Monday low $262.70bn before striking a Tuesday high $274.62bn. At the time of writing, the total market cap stood at $270.71bn.
Bitcoin’s dominance fell to a Monday low 63.20% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoin’s dominance stood at 63.76%.
At the time of writing, Bitcoin was down by 0.30% to $9,373.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,402.1 to a low $9,373.9.
Bitcoin left the major support and resistance levels untested early on.
Elsewhere, it was a mixed start to the day. Monero’s XMR bucked the trend at the time of writing, rising by 0.03%.
It was bearish for the rest of the majors, with Tezos down by 1.60% to lead the way down.
Bitcoin would need to avoid a fall through the $9,345 pivot to support a run at the first major resistance level at $9,515.
Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,457.2.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,627 before any pullback.
Failure to avoid a fall through the $9,345 pivot level would bring the first major support level at $9,232 into play.
Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level sits at $9,062.
This article was originally posted on FX Empire
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Crypto Needn’t Concern GPT-3. It Ought to Embrace It
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