Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

Coinspeaker
Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

A subsidiary of design firm IDEO, IDEO CoLab, announced a partnership with 20 blue chip and crypto companies in order to launch a blockchain accelerator called Startup Studio. Partners include Amazon, Deloitte, and Fidelity, as well as crypto firm Messari, the Ethereum Foundation, the Stellar Foundation, among others, to build on the distributed web incubator that IDEO CoLab launched in February.

The program is allegedly supposed to help blockchain startups with product design, user testing, hiring, finance, law, and engineering, through one-day workshops.

Ian Lee, managing director of IDEO CoLab Ventures set as an example Amazon who will provide resources on how to build and deploy services on top of its Amazon Web Service (AWS) infrastructure. On the hand, Lee added, Deloitte will offer workshops on the journey and lifecycle for blockchain firms from an accounting, tax, and structuring perspective. Fidelity’s center for applied technology will help them explore, accelerate, test, as well as partner on “compelling new opportunities” in the financial services space, Lee said.

He noted that each partner will take “active” roles and share the costs for running these workshops and IDEO CoLab said it is expecting more firms to join in the future.

Lee said that participating startups can choose to go to a specific workshop at “no cost”:

startups, including decentralized exchange protocol 0x, crypto lender Dharma and crypto derivatives exchange dYdX have already attended the program. We’ve helped them validate/invalidate new product concepts, design product UX/UI, and find their first launch customers.”

In February 2019, IDEO CoLab introduced its “Distributed Web Investing Program,” announcing six investments in blockchain startups. Lee added:

“Over the last four decades, IDEO has pioneered the field of human-centered design to help create iconic products in partnership with leading companies like Apple, Google, Nike, and Ford. We believe that the blockchain industry has now reached the point where human-centered design and collaboration are needed to realize its full and make the leap from millions of enthusiasts to billions of everyday users.”

One of the members of an partner organization is TQ Tezos. From this company, they said that they were selected as one of the Layer 1 protocols for the brand new Startup Studio program. They said:

“TQ Tezos will help blockchain startups and entrepreneurs participating in the Startup Studio program, serving as a resource for projects built on the Tezos blockchain. Working with a global leader like IDEO is a great opportunity to Tezos in the hands of some of the brightest minds across multiple industries.”

For the few months, IDEA CoLab has been running Startup Studio programs with leading blockchain entrepreneurs and startups including 0x, Alto, Braintrust, Compound, Dharma, dYdX, Fairmint, UMA, and others. The program has helped validate/invalidate new product concepts, design product UX/UI, and find their first launch customers.

Be it as it may, blockchain entrepreneurs and startups are now enabled to apply in order to participate in specific acceleration programs through Startup Studio’s website.

Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator


Source: coinspeaker
Fidelity, Amazon and Deloitte Supporting New Blockchain Accelerator

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Bitcoin Rally Crushes Alt Season Hopes, Small Cap Coins Down 54%

Bitcoin

New data is laying bare the extent of altcoin in 2019 as Bitcoin 00 steals lion’s share of the cryptocurrency market. 


Top 70 ‘Alts’ Down 19 Percent Against BTC

Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year. The trend has remained intact in recent weeks, despite volatility in the Bitcoin price. 

At press time, it was smaller-cap tokens which showed the worst performance, 54 percent down in the past three months. 

That number improves slightly among other indices tracking altcoins with larger market caps, such as the top ten.

Overall, Bletchley notes, the top 70 altcoins – selected to meeting various criteria – has gone from 0.048 BTC to 0.039 BTC since April 1, a of 18.75 percent.

“There are plenty of people who still think ‘alt season’ is just around the corner, but all eyes are on Bitcoin right now,” crypto journalist and commentator Kyle Torpey wrote in comments on the figures. 

Altcoins’ Dot Com Boom

As Bitcoinist reported, that idea that the ongoing Bitcoin price rally ultimately spark a knock-on effect for altcoins is being increasingly into question. 

Unlike in 2017, analysts worry that this time around, Bitcoin is definitively differentiating itself from the rest of the crypto sphere. 

According to veteran trading guru Peter last week, for instance, every token from Ethereum downwards is on the losing end, and only a few will survive the rout. 

Brandt likened the current climate to the Dot Com Boom of the early 2000s, noting how a return to form from the initial crash failed to materialize for all but a handful of companies such as Amazon. 

Traders should be focused on Bitcoin only at this point, he had said, eyeing a potential trajectory to $100,000.

“No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other,” he summarized on social media. 

Indeed, in terms of attention, Bitcoin will continue to profit more than ever into 2020, thanks to the launch of multiple institutional investor

Three of these will be physically-delivered Bitcoin futures, where investors take delivery of Bitcoins, not cash. Bakkt, first of the thre will begin a trial later this month. 

Crypto exchange Binance and trading platform ErisX will also suit, the latter having received US regulatory permission last week.

What do you think is the future for altcoin ? Let us know in the comments !


Images courtesy of Shutterstock, Longhash.com

The post Bitcoin Rally Crushes Alt Season Hopes, Small Cap Coins Down 54% appeared first on Bitcoinist.com.


Source: bitcoinist
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Bitcoin Price Analysis: Bullish MA Cross on Hourly Chart

bitcoin

Bitcoin has broken to the upside within the last 48 hours. This paired with the recent 200EMA / 50MA bullish cross could indicate the start of a new bullish uptrend. $11,300 looks to be a strong support zone around POC (Point of Control) that will dictate the sustainability of this new uptrend.


Bitcoin 60 Minute

btc

On the 30 minute chart, we can see the most recent breakout to the upside. This resulted in price levels being propelled above the clear descending channel, as mentioned in a previous analysis.

Over the last 24 hours, we’ve seen a small pennant form followed by yet another break to the upside resulting in the market price hitting $12,000 during yesterday’s trading session, on July 3rd. Despite both compelling breakouts volume remains low and steady, this is a very strong sign that a new uptrend could be on the cards.

Within the last 3 hours, you can clearly see the 200 EMA and 50 MA have crossed over each other in a bullish fashion. This coupled with the most recent breakouts, plus low and steady volume, begins to paint a very bullish case for Bitcoin over the next few days/ weeks.

Key resistance levels to look out for over the comings weeks are $12,300, $13,800, and $14,500.

Current Volume Clear Surpasses That Of January 2018

total market cap
The current volume across the total market cap is currently trading well above levels seen during the run-up to $20,000 back in December 2o17 / January 2018. Despite this, the total market cap currently sits around $300B which is less than half the total market cap seen during the aforementioned rally. This leads me to believe it’s only a matter of time until both BTC’s price and the total market cap surpass their ATH’s.

Providing volume does continue to grow at the rate we have seen over the last few months, the total market cap all-time will likely be surpassed December of 2019.

It’s looking increasingly likely that we’ll see parabolic growth for the total market cap across cryptocurrency as institutions such as , Google, Amazon and banks begin to the possibilities of integrating blockchain solutions into their protocols. Most recently we’ve seen add Bitcoin as a payment method in their latest Excel spreadsheet . Despite concerns and scepticism largely coming from the Crypto community, a big brand such as a Microsoft getting involved in Crypto is a very positive sign of to come.

Do you think the total market cap will surpass $750B by December 2019? Leave your thoughts in the !


Images courtesy of Tradingview, Shutterstock

The post Bitcoin Price Analysis: Bullish MA Cross on Hourly Chart appeared first on Bitcoinist.com.


Source: bitcoinist
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