Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Consolidating Near $15 Key HighlightsEthereum classic price declined and traded close to the $14.20 support level against the US dollar.There is a major bearish trend line forming with resistance at $15.80 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is currently correcting higher towards the $15.50 and $15.80 resistance levels.Ethereum classic price moved into a negative zone against the US Dollar and Bitcoin. ETC/USD is correcting higher, but upsides are likely to be capped by $15.80-16.00.Ethereum Classic Price ResistanceThis week, there were mostly bearish moves in ETC price from the $18.00 level against the US dollar. The ETC/USD pair declined sharply and mo...
Please share if you find this article interesting. Project Targets Fraud in Advertising With Performance-Driven Smart Contracts for Campaigns A company is creating a smart contract for advertising which it says could potentially ease two major issues that are plaguing the flourishing industry: fraud and a lack of transparency. SaTT stands for Smart Advertisement Transaction Token, and it has been created by Atayan Inc. Its team believes blockchain could help ensure advertisers are “not be misled by an underperforming publisher or affiliate that does not meet their expectations.” The platform wants to help the industry “scale up in a more positive, transparent way” by allowing a campaign’s criteria – such as the age and gender of viewers or the number of people an ad must reach –
Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Facing Tough Challenge Key HighlightsRipple price declined further and traded below the $0.6000 support level against the US dollar.Yesterday’s highlighted important bearish trend line with current resistance at $0.6300 is intact on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently correcting higher and it may face hurdles near the $0.6200 and 0.6300 levels.Ripple price remained in a bearish zone against the US Dollar and Bitcoin. XRP/USD traded towards $0.5750 before starting an upside correction towards $0.6200.Ripple Price ResistanceAfter a minor upside correction, Ripple price faced sellers near $0.6300-0.6400 against the US Dollar. The price started a downside
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Back Below $600 Key HighlightsETH price nosedived below $620 after it struggled to move above the $650 resistance against the US Dollar.There are two bearish trend lines forming with resistances at $610 and $655 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently consolidating losses above $650 and it remains at a risk of more losses.Ethereum price fell sharply against the US Dollar and Bitcoin. ETH/USD settled below the $600 support and it may continue to decline in the near term.Ethereum Price DeclineThere was a solid downside move in ETH price from the $650 swing high against the US Dollar. The price was rejected during yesterday’s correction near $650-655. As a result,
Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Jaw Dropped Below $1,000 Key PointsBitcoin cash price declined sharply and moved below the $1,000 support against the US Dollar.Yesterday’s highlighted major bearish trend line with current resistance at $1,080 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is currently correcting higher towards the $1,050 and $1,080 resistance levels in the near term.Bitcoin cash price failed to recover and declined below $1,000 against the US Dollar. BCH/USD may correct higher, but upsides are likely to be limited.Bitcoin Cash Price DeclineThere was a sharp increase in selling pressure from $1,150 in bitcoin cash price against the US Dollar. The price declined sharply and
Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Short-Term Bullish Divergence Seen? Bitcoin Price Key HighlightsBitcoin price continues to trend lower but is currently testing short-term support.A bullish divergence can be seen on stochastic, signaling a possible bounce back to the top.The Fibonacci retracement tool shows the nearby upside targets.Bitcoin price could be due for a bounce off the channel support back to the nearby Fibonacci retracement levels.Technical Indicators SignalsThe 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. The gap between the moving averages is also widening to reflect strengthening bearish pressure. This signals that a break of support is still plausible.However...
Please share if you find this article interesting. Coinbase Announces Launch of Coinbase Pro, Paradex Acquisition Coinbase has announced Coinbase Pro, the new version of its trading platform GDAX, in a blog post Wednesday. The announcement comes on the same day as Coinbase’s acquisition of relay platform Paradex. According to the Coinbase blog post, Coinbase Pro is an evolution of GDAX, which is specifically designed for individual crypto traders. Coinbase says that the new product was made specifically to suit the needs of individual traders, in addition to making the platform “easier and more intuitive.” Coinbase Pro will offer new features such as simplified deposit and withdrawal processes, in addition to letting customers take advantage of services like staking and protocol
Please share if you find this article interesting. American Express Integrates Blockchain To Its Membership Rewards Program Financial services corporation American Express (AmEx) has announced a blockchain application to its Membership Rewards program in partnership with online merchant Boxed, Associated Press reported May 23. AmEx announced that it is integrating blockchain technology developed by Hyperledger, an open source blockchain project under the Linux Foundation, to let merchants design customized offers for AmEx cardholders in order to increase customer engagement. AmEx has started with Boxed, allowing the company to reward its clients for purchasing specific items, but AmEx reportedly expects to make the program available to almost all their merchants in the coming mon...
Please share if you find this article interesting. IBM Announces 1,800 New Jobs in France In Blockchain, AI, and IoT Within Next Two Years IBM CEO Virginia Rometty has announced that in the next two years the company is planning to create 1,800 jobs in France in the fields of Artificial Intelligence (AI), blockchain, and the Internet of Things (IoT), Le Monde reported May 23. The announcement was made at the Tech for Good summit in Paris, which was hosted by the President of France Emmanuel Macron. Pursuing the idea of making France a “center of excellence” dedicated to artificial intelligence, the tech giant is looking to hire 1,800 specialists in France in areas including blockchain, AI, and IoT. This includes at least 400 research jobs that were announced in January. In their
Please share if you find this article interesting. EOS Losses $5 Billion in Three Weeks: EOS Price Analysis (May 24) After Tron, EOS is the only coin whose losses are at least moderate-they aren’t too way off. Even after EOS sellers stepped on the gas, Deducing everything from the chart, bears have recovered 100 percent of week ending April 29 gains. That’s impressive. This can turn out to be a long covering before a potential recovery. On the other hand, it can mean bears are angling to make a comeback. As it is, the average volumes in the last three weeks have been around 80 million and that is less than what propelled week ending April 29 candlestick when prices moved above $20 in the process printing EOS ATHs.Technically, I remain bullish considering this misalignment in mar