Deutsche Bank joins JPMorgan interbank blockchain network
According to the Financial Times report, Deutsche Bank joined JPMorgan’s interbank information network, a blockchain-based network of more than 60 IIN banks that allows member banks to exchange information on international blockchain payments. Up to this point, most network members were small banks and clients of JPMorgan. “Deutsche Bank will help us move towards ubiquitous distribution, and ubiquitous distribution is a prerequisite for the success of the network,” Takis Georgakopoulos, Managing Director at JPMorgan, said. Joining INN may be the right solution for Deutsche Bank, which laid off thousands of employees earlier this year to solve financial problems. According to FT, this could enable Deutsche Bank “to offer better services to its customers and lower the cost of processing complex payments.”
Now, let’s move to the technical analysis of Bitcoin (BTC):
Bitcoin broke through the support level of $10,000 and tested the mark of $9,500. Probably, we should expect a retest of the level of $9,500. The nearest support levels are $9,500, $9,300, $9,000. The nearest resistance levels are $10,000, $10,400, $10,700, $10,850, $11,200, $11,500.
Technical analysis of Ethereum (ETH):
Ethereum adjusted slightly. If the price fixes above the mark of $210, we consider a long position. If the price breaks through the mark of $200, we consider short positions. Resistance levels are $212, $222, $234, $261, $275, $293, $300. Support levels are $200, $181, $171, $162.
Technical analysis of Ripple (XRP):
Ripple also adjusted, but the correction was a larger one. If the price fixes above the mark of $0.3, we consider long positions. Resistance levels are $0.27, $0.2839, $0.3214, $0.3590, $0.3863. Support levels are $0.2573, $0.2436, $0.2280, $0.2116.
