- Twitter CEO presents his strong belief in the future of Bitcoin
- Litecoin bounces back from its crucial short-term resistance
- Japanese Fujitsu launches its Blockchain Innovation Centre in Europe
Cryptocurrencies proved to be somewhat more resilient to the latest developments in the United States (both the Fed decision and the impending announcement concerning fresh tariffs against China). However, their appeal seems to be slowly petering out as well despite fairly promising remarks from Twitter CEO. At first, let us recall that Twitter is still mulling over a potential ban on cryptocurrency-related ads following the steps already taken by Google or Facebook. Having said that, the latest comments coming from Jack Dorsey, Twitter CEO, may recede those concerns. According to him “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin”. These are bold words especially that he expects it to happen within the upcoming 10 years. At the same time he acknowledged that Bitcoin faces scaling issues right now making transactions “slow and costly” albeit argued that new solutions will ease the difficulty after all.
Technically all major virtual currencies have experienced a retreat of late, however, Litecoin appears to deserve particular attention. The price is currently rebounding from its important resistance being underpinned by an upper boundary of a descending channel as well as a local supply zone. On that account one may expect the price to go lower over the course of the next several hours eyeing $136 as its closest target to tick. Any more relevant moves to the upside could take place only on condition that a breakout of $175 happens. If so, it would lead to a more broad-based rebound of the whole cryptocurrency spectrum.
Japanese IT giant moves to Europe to launch its Blockchain Innovation Centre
Everybody knows what Fujitsu takes up therefore the latest reports coming from the company could be especially of note. The IT firm announced it has launched a Brussels-based Blockchain Innovation Centre underlining that its prime objective will be to facilitate research on blockchain technology and to develop projects in cooperation with private and public sector organizations. The official statement released by the company says “The centre underscores Fujitsu’s commitment to blockchain and other distributed ledger technologies as a means to revolutionize the way consumers and enterprises buy, sell and exchange goods and services and for organizations to transform their commercial and operational models”.