Bank of America Files Patent for Blockchain-powered Cash Handlers

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Horizen (ZEN)
Horizen is a blockchain platform with a leading-edge privacy technology that provides everyone with privacy and complete control of their digital footprint. They have a sustainable funding model with protocol-level solutions. It has a current market cap of over $32 million, a circulating supply of 5.46 million, and has traded over $1.7 million in volume during the past 24 hours according to CoinMarketCap.com.

ZEN/BTC is forming a potential reversal pattern as it is breaking out of a base that has formed during December. A potential confirmation could be a close above yesterday's high of 0.001567 with a target at 61.8% retracement at 0.001973. A stop could potentially be placed below today's low of 0.001423.

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News To Know
Facebook Cryptocurrency Shows Path Forward is Integration, Not Domination
Blockchain, Cryptocurrency, Facebook–Last week, EWN reported on an industry rumor that Facebook, the social media giant with over 2 billion active users, was in the process of developing a new stablecoin cryptocurrency. Details on the token included an emphasis on being used for payments via the WhatsApp messaging service, with a particular focus on expanding into the largely untapped digital payments market of India.

Bank of America Files Patent for Blockchain-powered Cash Handlers
Bank of America has filed a patent for a blockchain technology-powered system for its cash handling devices. The new application, published by the U.S. Patent and Trademark Office or USPTO, outlines a system through which cash-handling devices could utilize blockchain to "accelerate transaction speed and/or facilitate other types of transactions in addition to ATM transactions like cash withdrawals and deposits, such as gift registry transactions."

Bank of England Twitter poll reveals digital currency as preferred Christmas gift
A Twitter poll conducted by the Bank of England asking people about their preferred currency as a Christmas gift has revealed digital currency as the preferred form. The poll has started on December 17 and lasted until December 24. The options that were laid out by the bank were cash, bank transfer, gift voucher, and digital currency. Results show that 75% of the total 16,799 voters preferred digital currency and only 23% chose cash.

Taking advantage of a falling market: the perspective of a long-term investor
A market declining substantially from its historical mean brings with it a great opportunity to generate an abnormal return over the long-term says trader and author Alex Nekritin. In 2014, Bitcoin experienced a significant price decline of 80%, after which it entered its longest-running bull market in the history of cryptocurrencies — increasing by an astonishing 9,000% over the following two years.

Phishing Attack on Electrum Wallet Nets Hacker Almost $1 Million in Hours, Report
A reportedly ongoing hack against cryptocurrency wallet Electrum has seen a malicious party steal almost 250 Bitcoin (BTC) (about $937,000), commentators reported on social media Dec. 27. Subsequently confirmed by Electrum itself, the attack consists of creating a fake version of the wallet that fools users into providing password information.
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