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[jonaz108]

Bitcoin Bulls Seek Breakout to $10K or Higher.

Bitcoin (BTC) has been trading in a narrowing price range over the past week, but a bullish breakout is looking likely, the technical charts suggest.

The cryptocurrency created a bearish outside-day candle last Wednesday, signaling the rally from the low of $6,425 had run out of steam. However, the bitcoin bulls ensured there was no negative follow-through on Thursday and defended $8,800 over the weekend.

While a convincing break above $9,500 has remained elusive so far, the charts suggest the bulls have the stronger hand going forward.

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Opening Shop? Dubai Government Launches Blockchain Business Registry.

Dubai’s government is turning to blockchain technology to pave the way for foreign investments and businesses to come into the city-state Emirate.

In an announcement on Tuesday, the city’s Department of Economic Development (DED) has unveiled a joint blockchain endeavor alongside the Dubai Silicon Oasis Authority, labeled the ‘Dubai Blockchain Business Registry’. The project, developed in collaboration with the Smart Dubai office and notable long-time technology partner and early blockchain developer IBM, will ‘improve ease of doing business in Dubai and facilitate foreign direct investments’, the government’s media office said.

The sweeping blockchain-powered project aims to streamline the process of establishing and operating a business in Dubai, enable efficient digital trading of licenses and documents covering all facets of a business and, crucially, ensure regulatory compliance with Dubai’s rules.

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[jonaz108]

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[jonaz108]

One of Bitcoin's Biggest Investments Might Finally Be Paying Off.

Bitcoin appears to finally be making headway with one of its less-appreciated, but critical challenges: recruitment.

Simply put, the number of developers contributing to the cryptocurrency's open-source code is suddenly on the rise. Sure enough, there have been at least 21 code submissions approved from new contributors over the past 50 days - and that's no small feat given developers have struggled for years to entice new coders to work on the project.

And while the number of merges over the nearly two-month period didn't jump up drastically, seeing new names within the Github repository is a welcome sight given that most of the hundreds of contributions to bitcoin over the past several years have been coded by a few dozen veterans.

According to several developers CoinDesk interviewed, there isn't a direct correlation they can point to explain the increase, though there are likely contributors. Indeed, for some it's a strong sign serious investments of time and effort in training and academic programs are finally paying off.

"Many educational and training efforts have lately helped to introduce new developers to Bitcoin Core and the bitcoin software ecosystem," Ferdinando Ametrano, a professor at Politecnico di Milano who has served as a program director at bitcoin developer conferences, told CoinDesk.

Ametrano is, of course, talking about efforts such as Chaincode Labs, which has a residency program in New York where prolific bitcoin developers like John Newbery have been giving their time to helping new recruits.

After attending Chaincode's first residency in 2016, Newbery has now taught 11 participants from places like Israel and Hong Kong.