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Famous cryptocurrency website Cointelegraph announced on Friday it is launching its own consulting allotment in order to enable the biggest companies to adopt blockchain as such. With that in mind, Cointelegraph plans to focus on thoroughly chosen blockchain participants that will be able to fulfill any promises they might eventually give to selected enterprise players.

However, the whole selection process will not be that simple. There is already a huge criteria combo that they will have to fulfill. Among several, there is blockchain technology per se, the professional team that has the capacity to deal with those clients and, of course, a tracked proof of such implementation. Also, the company itself aims to be present in every segment of blockchain implementation as the professional provider and assistant. As per Cointelegraph, it plans to help its customers in recognizing exact use cases, thoroughly checking the vendors as well as assisting them in presenting and delivering the solution itself.

The company noted this division will be led by some of the best professionals in the industry including analysts, technology and financial experts and managers with the best “know-how” possible – meaning, the people who were (or still are) previously employed with companies such as Boston Consulting Group, Accenture, and McKinsey.

Managing Director of Cointelegraph Consulting Arsenii Dain commented that Cointelegraph’s 6-year experience and a huge network across blockchain startups, as well as the technology leaders, puts them in an “ideal position to boost enterprise blockchain adoption.” He added the company’s mission “is to connect our enterprise customers with blockchain vendors, and ultimately ensure that blockchain-powered tech brings tangible value to businesses.”

The company also announced its first partner in the fintech sector with the focus on blockchain is a global tech company dubbed Insolar. As they stressed, the Insolar aims to focus on building enterprise blockchain solutions. As far it’s known, the company complies with all the criteria Cointelegraph previously mentioned including its cooperation and partnerships with the biggest players in the fintech sector as are, just to mention some, Microsoft, Oracle, Berkley University, AT Kearney and Innosuisse.

Let’s not forget the fact that Insolar was founded by the ex Goldman Sachs executives and is led by real professionals who actually incorporated blockchain technology in a bank’s policy.

Insolar can also brag about some of the best-distributed ledger technology talents and a team that counts 80 men, and the research headquarters positioned in Toronto and Zurich.

Founder and Chief Revenue Officer of Insolar Peter Fedchenkov, commented:

“While many forward-looking enterprises are actively exploring blockchain opportunities, only 7% of all blockchain pilots go into production. This is due to the fact that the market is still dominated by projects with little hands-on experience in enterprise environments and immature technologies that deliver limited value to business. Our entire team has experience both at Fortune 500 companies and in successfully implementing enterprise blockchain solutions. Together with Cointelegraph, we look forward to expanding our reach in successfully implementing blockchain.”

Hopefully, Cointelegraph’s new approach to blockchain strategy consulting will be successful including all eventual technology mergers and partnerships.

Teuta Franjkovic , 2019-11-15 19:26:30 ,

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While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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