Bitcoin's price has been consolidating in the past days. In the daily chart, price has maintained the upper range with support around $5,600 and resistance around $6,900. While a break of the upper range is an ideal situation for a swing high toward the $8,000 level, a break of this range could bring price down to sub ~$5,000 level and test supports below.

Global market cap is at $175B, while BTC's market cap is at $114.

Breitling, a luxury watchmaker, has added its first timepiece to a blockchain. Instead of offering a certificate of authenticity, each watch is registered on a private blockchain which will show the record of ownership of the timepiece. The company is using a blockchain from a valuables registrar Arianne. The solution ties the watch's warranty to the watch itself and not to any paper trail, allowing owners to have their pieces serviced by authorized dealers based on the watch's digital signature.

Microsoft has filed a patent application of a system that uses sensors to detect activity from humans as they spend time viewing ads or exercising, and converts it into computer-readable data to mine cryptocurrencies, much in the same way as a conventional proof-of-work system. "Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously," the patent application reads.

Although Microsoft has designed the system, it is unclear whether they are creating it or not moving forward.

This Daily Dose is brought to you by SCI News Channel.

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