Cryptocurrencies on Thursday

Bitcoin’s price fell below $10,000. Since the beginning of the week, this cryptocurrency struggled to break the resistance levels. On Thursday, Bitcoin’s price was $9,858.

It is worth mentioning that the next resistance level for Bitcoin was to break the resistance level above $10,000.

The price of the second-largest cryptocurrency Ethereum remained above $200. Two days ago, its price even reached $218, which was the highest point in September. Nevertheless, Ethereum was unable to strengthen its position. As a result, on Thursday Ethereums’s price fell below $210.

Litecoin’s price was 74.81. It managed to break the resistance level above the $72 and $75. However, it wasn’t able to hold the momentum, and the price fell to less than $75.

The Israeli startup and cryptocurrencies

One interesting invention connected to digital currencies is the offline system for crypto transactions. Moreover, this system was created by the Israeli cybersecurity startup called GK8. Let’s have a look at the company which developed first such system in the world.

Two members of an Israeli defense unit founded this startup in 2018. An interesting fact about that this startup is that in less than two years, GK8 already attracted the attention of the investors. The GK8 raised $4 million in a funding round which is a good result. We should take into consideration the competition which startups have to overcome to receive the funding. A subsidiary of the Discount Bank the Discount Capital organized a funding round which helped GK8.

This offline system works by recording transactions on a blockchain without an internet connection. This happens thanks to the “unidirectional connection.”

It is worth mentioning that this system is up and running. The digital asset trading platform eToro already implemented this system. The offline system for crypto transactions will facilitate the process and will transform the digital currency market.