Tuesday, September 29Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Ethereum Price Weekly Analysis – ETH/USD Not out of Woods

Ethereum Price Weekly Analysis – ETH/USD Not out of Woods

PRICE ANALYSIS
Key Highlights ETH price is holding a monster support area near $280.00 against the US Dollar. There is a short-term bearish trend line forming with resistance at $301 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair has to break the $301 resistance the 100 simple moving average (H4) to gain momentum. Ethereum price is neutral against the US Dollar, but under a lot of pressure against Bitcoin. ETH/USD needs to hold $280 to avoid more declines. Ethereum Price Support This past week, there was an upside move in ETH price above the $325 level against the US Dollar. However, the price failed to hold gains and moved back below the $300 handle. The price recently traded as low as $286.43 where it found a strong support. The mentioned $285-280 support area holds a lot of signifi...
Bitcoin Price Weekly Analysis – BTC/USD Buyers In Control

Bitcoin Price Weekly Analysis – BTC/USD Buyers In Control

PRICE ANALYSIS
Key Points Bitcoin price spiked this past week and moved above the $6000 handle against the US Dollar. There is a monster bullish trend line forming with support at $5510 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is currently correcting lower and approaching towards the $5750 support area. Bitcoin price remains in a major uptrend above $5600 against the US Dollar. BTC/USD might even trade past $6200 in the near term. Bitcoin Price Uptrend Intact This past week was mainly bullish for Bitcoin price as it moved above the $6000 handle against the US Dollar. A new all-time high was formed near $6170 as buyers were completely in control. Earlier, there was a dip from the $5750 swing high towards the $5100 handle where buyers emerged. Mainly, a monster bullish trend line...
Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Capped

Bitcoin Cash Price Weekly Analysis – BCH/USD Upsides Capped

PRICE ANALYSIS
Key Points Bitcoin cash price is holding a major support area above $300 against the US Dollar. There is a crucial bearish trend line forming with resistance at $365 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair has to clear the $365-370 resistance zone to gain upside momentum in the near term. Bitcoin cash price is maintaining a neutral bias above $300 against the US Dollar. BCH/USD has to break the $350-370 resistance to trade past $400. Bitcoin Cash Price Support There were mainly ranging moves in Bitcoin cash price this past week above $300 against the US Dollar. The main point is the fact that the price was able to hold the $300 support very well and remained well bid. There was even an attempt to gain momentum above $400, but the mentioned level acted as a major h...
Could Bitcoin’s Bubble Lead to Long Crypto Winter?

Could Bitcoin’s Bubble Lead to Long Crypto Winter?

BITCOIN
Could Bitcoin’s Bubble Lead to Long Crypto Winter? In the mad mania for cryptocurrencies, there are some dissenting voices from old timers, calling this irrational exuberance. Could a crypto winter be in the offing? Eerie similarities to 2013 A year after the block reward halving, with media buzzing about Bitcoin, and a multifold increase in price - this is not just a description of 2017 but also perfectly fits 2013. After the block reward halving in 2012, the price of Bitcoin shot up during the following year. The price increased from around $13 at the starting of 2013 to a peak of over $1200. The reasons for this jump are manifold (including the bots  - Willie and Markus, which bought Bitcoins on Mt. Gox), but the almost 100 fold increase in price was unprecedented. The 500% incre
What Lessons Can Be Learnt From Tezos ICO Debacle

What Lessons Can Be Learnt From Tezos ICO Debacle

BITCOIN
What Lessons Can Be Learnt From Tezos ICO Debacle Our London Correspondent Nick Ayton, the Sage of Shoreditch, explores the infighting at Tezos that reveals the ICOs structural challenges. It looks like the SEC will demand Tezos’ founders refund investors’ money...all $232 mln of it. Apparently there are some deep seated personal and structural issues with how the token sale was structured, marketed and executed that will be a lesson for us all. Why were some investors allowed to exit with profits? How was the $150m valuation arrived at? What was Tim Draper’s role? Were investors simply misled or did the founders rely on hype and dumb people…? And the big one, is the Tezos token really a security? And why was the token not registered with the SEC? Tezos, a kick in the teeth for Inve
MasterCard Announces Blockchain B2B Payments Despite Rejection of Bitcoin

MasterCard Announces Blockchain B2B Payments Despite Rejection of Bitcoin

BITCOIN
MasterCard Announces Blockchain B2B Payments Despite Rejection of Bitcoin MasterCard recently announced a way for businesses to make direct business to business (B2B) payments over their Blockchain technology-based network. The company has dubbed its offering “MasterCard Blockchain API,” and it will be debuted at the Money 20/20 Hackathon in Las Vegas in a few days. Testing and validation have been completed, and the tech will officially be ready for customers’ use beginning next week. The announcement is a bit ironic after the company’s wholesale rejection of Bitcoin. I guess as the old saying goes, “monkey see, monkey do.” Advantage Blockchain Blockchain technology has been raised as an excellent option for B2B transfers for a multitude of reasons. Blockchain transfers are fully p

Bitcoin Price Could Reach $10,000 if China Resumes Cryptocurrency Trading This Year

PRICE ANALYSIS
Earlier today, on October 21, the Bitcoin price achieved a new all-time high at $6,199. The market is confident that the price of Bitcoin could reach $10,000 in the mid-term if major markets such as Japan and the US continue to strengthen. For third time this week, #bitcoin achieves new all-time high again at $6,199. When China resumes bitcoin trading, $8k realistic target? pic.twitter.com/HQrU1oUBNq — Joseph Young (@iamjosephyoung) October 21, 2017 China’s Resumption of Cryptocurrency Trading Could Lead Bitcoin Price to $10,000 Several financial analysts including Holger Zschäpitz, the senior editor of the financial desk and market maniac at Welt, attributed the recent increase in the price of Bitcoin to the US market’s optimism around the potential approval of a Bitcoin exchange-traded
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 21

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 21

BITCOIN
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, October 21 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. * BTC/USD, ETH/USD and LTC/USD market data is provided by the HitBTC exchange.   Only a few months back, the market capitalization of the whole cryptocurrency universe crossed the $100 bln mark. Now Bitcoin alone has crossed the $100 bln mark. In doing so, it has increased its dominance to 58.5 percent, a level last seen in May this year. This shows that money is pouring into Bitcoin, whereas altcoins are getting hammered. At some point in the near future, on
Bank of America Files Patent for Blockchain-based Processing System

Bank of America Files Patent for Blockchain-based Processing System

BITCOIN
Bank of America Files Patent for Blockchain-based Processing System Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process. Based on the patent applications as of mid-October 2017, the bank proposes the use of a Blockchain to facilitate the transferring of large volumes of data while simultaneously tracking the data through the use of cryptographic keys during the transfer process. The system will be able to handle two types of data processing, namely, the actual data transfer itself, and the log of the cryptographic keys identifying each data packet and its present...
Digital Currency Looks to Solve Cannabis Industry’s Cash Problem

Digital Currency Looks to Solve Cannabis Industry’s Cash Problem

BITCOIN
Digital Currency Looks to Solve Cannabis Industry’s Cash Problem Digital currencies may solve some the legal cannabis industry’s woes by becoming an alternative to cash payments. Despite recent state-level ballot initiatives across the US that legalizes marijuana in one form or another, the drug still remains illegal at the federal level. While it’s unlikely the feds are going to go after legal cannabis dispensaries any time soon, the legal murkiness does create one serious problem. Cash-only Banks won’t deal with cannabis dispensaries. Consider the ramifications. No banking means no payment processing, which means customers can’t use credit or debit cards to make purchases. According to a 2016 survey, 75 percent of customers prefer to pay with credit or debit cards, with only 11 pe