After a steep drop on Wednesday night from around 10,100 down to as low as 9,280, BTC bounced and is now trading within a tight range - around 9,600 - 9,750. Support shown in the daily is at around 9,450, and immediate resistance is at around 9,800. The intraday (4H) chart shows support at 200 MA after BTC failed to stay above the 20 and 50 MA. BTC must break 10,500 in order to create a higher high to continue this bullish price action we've seen since the start of the year, and must also keep prices above the key support level at 9,200 to maintain higher lows. Global market cap is at $280B, while BTC's market cap is at $176B.
Travelers on Norwegian Air, one of the largest airlines in Europe, will soon be able to pay for flights using cryptocurrency. @paddybaker_ reports https://t.co/wQhkc6BIeW@Fly_Norwegian @nbxcom— CoinDesk (@coindesk) February 20, 2020
Norwegian Air, one of the largest airlines in Europe will soon accept cryptocurrency as payments for ticket purchases. According to CEO of Norwegian Block Exchange (NBX) Stig Kjos-Mathisen, his crypto trading platform had successfully created a payment infrastructure that would allow customers to pay for tickets using digital assets. The plan is to use the exchange to offer cryptocurrency support for ticket purchases and is expected to roll out this feature later this year.
Sweden has begun testing an e-Krona pilot program, bringing it closer to a proper release of a central bank digital currency (CBDC). The program will be in operation until February 2021, and will bring a blockchain-powered currency into the world of conventional payments and banking activities.
The Bahamas also launched their own national crypto last December, with several other countries, like China and Japan, teasing the development of their own CBDCs.
The Paxos settlement service has gone live, allowing blockchain-based settlement of U.S. equities. According to Paxos Director of Securities Product Melayna Ingram, the service is now running on pilot and is only approved for a limited number of participants. The current pilot phase can last for 24 months and is limited to 7 participants handling 100,000 trades per day.
The settlement service runs using Paxos' private blockchain network that is its own fork of the Ethereum codebase. The general process would involve cash held in Paxos custody accounts for delivery versus payment (DvP); it essentially tokenizes the cash on reserve the same way with Paxos' PAX stablecoin.
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