BTC retested the resistance around 12,000 during the Asian/Daytime trading session. In the daily, price is currently around 11,900+ and is hovering around the resistance area; while the 10 EMA trail support is also holding well in the daily. It remains to be seen in the coming days whether BTC can muster some strength to the upside and break the 12,000 - 12,000 resistance or transition to a consolidation. Meanwhile in the 4H, a potential immediate support can be spotted at around 11,500+. Key levels remain at 12,000 - 12,100 as key resistance, while 10,900 as key support.
Global market cap is at $364B, while BTC's market cap is at $221B.
Blockchain-based Service Network (BSN), the first government-backed blockchain initiative by China just launched its official international website. According to a Cointelegraph report, the BSN will have live integration of six public chains including Ethereum, EOS, Nervos, Tezos, NEO and IRISnet. Developers will be able to build decentralized applications (DApps) and run nodes through overseas BSN data centers' data storage and bandwidth.
The new website also features major global tech and blockchain firms like Google, Amazon Web Services, and Hyperledger as partners. Google and Amazon Web Services will provide their cloud services to the network while Hyperledger will contribute as a permissioned blockchain supplier. China's BSN was first tested in October 2019 and was officially launched in April 2020. The BSN was initially intended to help small to medium-sized businesses to create and make use of blockchain apps on permissioned blockchains.
The New York State Department of Financial Services (NYDFS), the regulator responsible for issuing licenses to crypto firms in the state, has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins approved for custody by licensed entities. The list of approved cryptocurrencies for listing and trading include - Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Binance USD, Gemini Dollar, Pax Gold, and the Paxos Standard Token. The NYDFS also greenlighted the same coins for custody, as well as XRP and Ethereum Classic.
KEB Hana Bank, one of the biggest commercial banks in South Korea, has reached an agreement with the Korea Expressway Corporation to bring a blockchain-based toll payments system across the nation's highways. According to D Daily, the project is expected to launch before the end of the year in an effort to use blockchain technology to offer contactless solutions, as the "Korean's version of the digital new deal policy to lead the global economy after the coronavirus."
The system will connect KEB Hana's smartphone banking app, Hana One Q, for motorists to arrange toll payments, defer them, or receive toll fee refunds. The blockchain solution aims to remove the cash-based or credit card payments as part of this project.
This Daily Dose was brought to you by SCI News Channel.