Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD is Still Bearish? Key Highlights ETH price recovered a few points, but it faced strong sell offers near $985 against the US Dollar. Yesterday’s highlighted key bearish trend line with current resistance at $980 is still active on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to move above the trend line resistance at $980 and is currently moving lower. Ethereum price faced a lot of sellers recently against the US Dollar and Bitcoin. ETH/USD needs to break the $980 and $985 resistance levels to gain upside momentum. Ethereum Price Resistance There was a short-term recovery initiated in ETH price from the $904 swing low against the US Dollar. The price trade
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Fails Once Again Key Points Bitcoin cash price started an upside recovery from $1494, but failed to gain momentum against the US Dollar. There was a break above a connecting bearish trend line with resistance at $1600 on the hourly chart of BCH/USD (data feed from Kraken). The pair traded higher, but failed to retain momentum and started a new downside move below $1600. Bitcoin cash price is struggling to gain momentum above $1650-1700 against the US Dollar. BCH/USD may resume its downtrend and it could even break the $1500 support. Bitcoin Cash Price Resistance There was a minor recovery initiated in bitcoin cash price from the $1500 swing high against the US Dollar. The price move
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 01/24/2018 – Reversal Candlesticks at 100SMA Bitcoin Price Key Highlights Bitcoin price is still treading carefully above the ascending trend line on the daily time frame. A bounce might be due as a doji has formed at the 100 SMA dynamic support on this chart. The next candle would need to close past the doji’s highs to confirm that bulls are regaining control. Bitcoin price is struggling to stay afloat but the reversal candlestick at the 100 SMA on the daily chart could be a bullish signal. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on this time frame, so the path of least resistance is still to the upside. This suggests that the long-term rally is more likely t
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Price Analysis, Jan. 23 The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. When the markets are bullish, a lot of traders only focus on high target levels. This leads to a left out feeling among the ones who have missed out on the rally, and they rush to buy at elevated levels. This results in a huge loss of capital to the uninformed traders. The opposite works when the market falls. One starts to hear bearish v...
Please share if you find this article interesting. Payment Processor Stripe Ends Support for Bitcoin, Hypes Altcoins Stripe, the mobile payment processor with a $9 bln valuation, has announced that it is officially winding down its Bitcoin integration. Over the next three months, Stripe customers will be encouraged to migrate away from Bitcoin payments. After that, Bitcoin will no longer be accepted at all. Stripe made waves in 2015 when it fully integrated Bitcoin, allowing all vendors who use the platform to accept Bitcoin payments. Many saw this as a sign of impending mainstream acceptance of Bitcoin as a payment method, but high fees and slow transaction confirmations have hobbled the network. Disappointment In a blog post, Stripe noted the high hopes the company had for Bitc...
Please share if you find this article interesting. “The House Always Wins”: Can Blockchain Make Sports Betting More Predictable? Expanded legalized sports betting is “inevitable,” believes NBA commissioner Adam Silver. In June 2018 Americans would find out whether his prediction was correct: the US Supreme Court is expected to decide on a case that seeks to overturn a ban on gambling. New Jersey making money moves The Professional and Amateur Sports Protection Act (PASPA), a law passed back in 1992, said any state that did not legalize sports betting by 1993 was prohibited from doing it. American players had to use foreign sites. Thousands of US friendly online sportsbooks - companies taking bets - are operating offshore. Most of them are based in Malta, the Isle of Man, Antigua,
Please share if you find this article interesting. Japan's GMO Internet Develops 12 NM Mining Chips Mining Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards realizing a […] 7 NM process technology for mining chips.” Also Read: Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin GMO Develops 12 Nanometer SHA256 Mining Chips GMO Internet Inc. has announced the successful development of “a new 12 NM FCC process based mining chip” during “the first step of […] resear
Please share if you find this article interesting. Benebit ICO Does a Runner with $2.7 Million of Investor Funds - Bitcoin News Crowdfunding Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. Once this happened, the Benebit team scampered, taking their ill-gotten gains with them. The case is believed to be the largest ICO exit scam to date. Also read: Trend Analysis Reveals the Most Loved and Hated Cryptocurrencies The Loyalty Platform with No Loyalty Benebit was supposed to be creating a currency for customer loyalty. The ICO platform
Please share if you find this article interesting. US Government Implements Blockchain Programs to Improve Transparency and Efficiency: Expert Blog Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at [email protected] Cryptocurrencies and the Blockchain will be front and center at this year's World Economic Forum in Davos with several cryptocurrency and Blockchain-related panels on the agenda. The US government have been evaluating Blockchain technology since they have funded, collaborated and partnered with business, other countries
Please share if you find this article interesting. SEC Chairman Signals a Storm Coming for Fly-by-Night Blockchain ICOs - Bitcoin News Regulation There may a storm brewing for shady companies intent on jumping on the blockchain bandwagon. Startups with no working product seeking to raise millions, or traditional companies rebranding themselves as blockchain connoisseurs are liable to attract the ire of the U.S. Securities and Exchange Commission. In a speech delivered in Washington on Monday, SEC chairman Jay Clayton made it evident that “blockchain squatting” will no longer be tolerated. Also read: SEC Suspends Trading in Blockchain Firm With No Revenues and No Product Clayton Lays Into Bad Lawyers Jay Clayton The last six months have witnessed a spate of traditional compan