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Amazon Granted Patent For Streaming Data Marketplace With Bitcoin Use Case

Amazon granted patent for streaming data marketplace with bitcoin use case

Amazon Granted Patent For Streaming Data Marketplace With Bitcoin Use Case

Amazon granted patent for streaming data marketplace with bitcoin use case

Amazon Technologies, Inc., a subsidiary of e-commerce giant Amazon, received a patent for a streaming data marketplace that would enable users to receive real-time cryptocurrency transactions data, according to a document released April 17.

In order to meet the needs of organizations in managing of large amounts of data, the company, according to the patent, developed a technology for processing streaming data on a large scale with relatively low latency. Additionally, it would allow developers to “build real-time dashboards, capture exceptions and generate alerts, drive recommendations, and make other real-time business or operational decisions.”

The multi-streaming data service would be able to process information from different sources, including “web site click-streams, marketing and financial information, manufacturing instrumentation and social media, operational logs, metering data and so forth.”

The file also describes a use case regarding a cryptocurrency market “data stream that publishes or includes global Bitcoin transactions (or any cryptocurrency transaction).” As stated in the document, the transactions are completely visible to all participants in the network. The patent says:

“For example, a group of electronic or internet retailers who accept bitcoin transactions may have a shipping address that may correlate with the bitcoin address. The electronic retailers may combine the shipping address with the bitcoin transaction data to create correlated data and republish the combined data as a combined data stream.”

Customers that want to consume data may subscribe to the desired data stream and “optionally select desired enhancements that are not already included in the desired data stream.” Among potential consumers, the author of the patent makes an example of a law enforcement agency that could desire to “receive global bitcoin transactions, correlated by country, with ISP data to determine source IP addresses and shipping addresses that correlate to bitcoin addresses.” It further added:

“The streaming data marketplace may price this desired data out per GB (gigabyte), for example, and the agency can start running analytics on the desired data using the analysis module.”

Last week, the Bank of America’sapplication for a patent on a Blockchain-based storage system was published. The patent addresses the issue of data transferring and tracking, and describes a system with automated data authentication and secured access of data.

The Winklevoss brothers were granted a patent for a system which enhances the security of digital transactions within a cloud computing system, providing a secure means of data verification.

Published at Wed, 18 Apr 2018 01:28:44 +0000

Blockchain[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]

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Ripple Price Technical Analysis – XRP/USD Bearish U-Turn

Key Highlights

  • Ripple price extended declines and moved below the $1.80 support against the US Dollar.
  • Yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price continues to move down and it could soon break the 1.60 low to for more losses.

Ripple price faced a lot of selling pressure against the US Dollar and bitcoin. XRP/USD could accelerate declines and it may soon test or break the $1.50 level.

Ripple Price Decline

It seems like the current bearish pressure is here to stay on Ripple price below $2.00 against the US Dollar. The price was under a lot of pressure and it moved below the $1.80 and $1.70 support levels. The downside move is strong and the price is now below the $1.65 level. Recently, there was a recovery from the $1.6062 swing low with a break of the 23.6% Fib retracement level of the last decline from the $2.38 high to $1.60 low.

However, the upside move was capped by the $2.00 handle. Moreover, the 50% Fib retracement level of the last decline from the $2.38 high to $1.60 low also acted as a resistance. More importantly, yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair. It may continue to act as a strong barrier for buyers above $2.00. As long as the price is below the $2.00 handle, it remains at a risk of more losses below $1.60.

Ripple Price Technical Analysis XRP USD

A break below the $1.60 level could open the doors for a test of the $1.50 level. Below the $1.50 level, there is a chance an extension towards the $1.40 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is now placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is heading lower towards the 25 level.

Major Support Level – $1.50

Major Resistance Level – $2.00

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Bearish U-Turn appeared first on NewsBTC.

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