Thursday, April 26Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Ethereum Price Continues to Endure Volatility on the Path to Recovery

Ethereum Price Continues to Endure Volatility on the Path to Recovery

ETHEREUM
After Ethereum’s meteoric rise throughout the past few months, things are definitely heading in the opposite direction right now. Just when it seemed there would be a small window or reprieve, the price starts plummeting once again. Ether is definitely not a store of value right now, as it has more volatile tendencies compared to other major cryptocurrencies. NO BREATHING ROOM FOR ETHEREUM JUST YET The cryptocurrency market has not been kind to Ethereum lately. Ethereum’s price has taken a serious beating over the past few days. Even though its value is still well above the January 2017, most people only look at the recent price momentum back when ETH hit $400. Compared to that price, things are looking absolutely disastrous. However, it is always important to look at the bigger pict
Online Bank Swissquote Partners With Bitstamp to Launch Bitcoin Trading

Online Bank Swissquote Partners With Bitstamp to Launch Bitcoin Trading

BITCOIN
Online banking service Swissquote is launching a new bitcoin trading feature in partnership with digital currency exchange Bitstamp. With the integration, Swissquote customers will be able to exchange bitcoin for euros and US dollars, and vice versa, through their accounts. Bitstamp will provide the technical know-how and backend support, according to today’s announcement. Swissquote, founded in 1999, is regulated by the Swiss Financial Market Supervisory Authority, from which it has a banking license. It offers online access to financial products like bonds, options and futures, as well as credit card and savings account services. Swissquote CEO Marc Bürki said in a statement: “This is our first foray into the world of bitcoin, and so we wanted to work with a partner we coul
Gold and Silver Are Down 8% and 21% Over the Trailing Year. Blame Bitcoin?

Gold and Silver Are Down 8% and 21% Over the Trailing Year. Blame Bitcoin?

BITCOIN
Gold and silver mining stocks might be among the top performing industries since the beginning of 2016, but since last summer, when physical gold peaked above $1,360 an ounce and silver touched $21 an ounce, precious metals have mostly been on the downswing. Over the trailing one-year period, gold and silver spot prices are down 8% and 21%, according to data from Kitco. Why precious metals have lost their luster What on Earth is going on, you ask? There have been a number of reasonable explanations for the recent tumble in precious metals. IMAGE SOURCE: GETTY IMAGES. To begin with, the Federal Reserve has begun tightening monetary policy, which involves raising its federal funds target rate. This, in turn, has the effect of pushing interest rates and yields on interest-bearin
Pure Bitcoin Beats Fine China On US Wedding Registries

Pure Bitcoin Beats Fine China On US Wedding Registries

ADOPTION, BITCOIN
More and more tech savvy couples are recognizing the value of Bitcoin as an investment option for their new lives together, putting the digital currency at the top of their wish list on wedding registers. There are cases, especially in the US, where couples have either received Bitcoin or asked for it, as a gift. As the cryptocurrency’s value has surged, it has attracted keener interest in the mainstream, bringing more players to the table. As a gift, Bitcoin plays an interesting role as it has the same properties as a stock or gold, but with the potential returns that are unheard of in any form of asset management. A young couple who are usually starting their lives together have forgone fairly useless things like kitchenware and crockery for a digital currency that has the potentia
India May Deem Bitcoin as Taxable Digital Asset

India May Deem Bitcoin as Taxable Digital Asset

FINANCE
Local reports indicate that India may put in place a goods-and-services tax on bitcoin purchases. Indian officials have been meeting for months to develop a legal framework for digital currencies, forming a special task force in April to study the issue and develop possible options. The question of legality for the tech under Indian law has been subject to speculation in the past, especially following public statements that, at one point, were interpreted as a blanket ban on bitcoin. Regional news service The Hindu reports that new details on that process are emerging, including the possibility of taxes. Notably, according to one official’s account, the topic of banning cryptocurrencies was indeed broached during a recent meeting – but in the end, the proposal received little sup
Bitcoin’s Anonymity Technology ‘Tumblebit’ Nears Completion

Bitcoin’s Anonymity Technology ‘Tumblebit’ Nears Completion

BITCOIN
Tumblebit, which garnered much hype after its announcement in August 2016, it finally closing in on completion after adding support for the Tor browser. Tumblebit in Brief Tumblebit is the Bitcoin network’s first trustless payment hub that lets users “mix” their coins. It allows for payments to be made between parties while adding a high degree of anonymity for everyone involved, while at the same time not have a third party that could run away with the funds. No one will be able to see where the coins are coming from, or where they are ending up. 100% Fungibility Problem One of the problems of Bitcoin is that it is not 100% fungible. Fungible means that every single unit in a set is exactly like every other. Bitcoin is designed in a way that one could theoretically trace every sin
Enterprise Ethereum Alliance Forms Technical Steering Committee

Enterprise Ethereum Alliance Forms Technical Steering Committee

ETHEREUM
The Enterprise Ethereum Alliance has revealed a new technical steering committee, five months after the group first launched. As reported at the group’s launch in February, the alliance is backed by a broad array of blockchain startups and enterprise businesses, including Merck, Toyota, and even the state government of Illinois. The group tripled in size in May, adding more than 80 companies to its roster. Now, the group is laying down some of its governance foundations, instituting a new technical steering committee that will be focused on advancing the EntEth 1.0 reference software. Pulling from the alliance members, the committee will also oversee seven new working groups, each consisting of industry players. Specific areas that those working groups will focus on include to
Ethereum Classic Price Technical Analysis: Upswing is Facing a Barrier

Ethereum Classic Price Technical Analysis: Upswing is Facing a Barrier

PRICE ANALYSIS
Ethereum classic price corrected a few points versus the US Dollar and Bitcoin, and ETC/USD is currently facing a tough barrier near $18.00. Key Highlights Ethereum classic price after trading a few points below the $20 handle against the US Dollar found sellers. There is a major support area forming above $16.50 on the hourly chart of ETC/USD (Data feed via Kraken). The price is likely to remain above the $16.00-16.50 levels and might continue to move higher.   Ethereum Classic Price Support During the past two days, there was a lot of action in ETC price as it moved above $19.00 against the US Dollar. The price traded as high as $19.81 where it faced sellers and started a correction lower. The price moved below the 23.6% Fib retracement level of the last wave fr
Ethereum Price Technical Analysis: Recovery is Losing Steam

Ethereum Price Technical Analysis: Recovery is Losing Steam

PRICE ANALYSIS
Ethereum price is struggling again against the US Dollar and Bitcoin, and ETH/USD is just holding a major support area near $194-192. Key Highlights ETH price struggled to close above the $220 resistance against the US Dollar and moved down. There is a new contracting triangle pattern forming with support at $194.00 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is currently below the $200 level and the 100 hourly simple moving average.   Ethereum Price Resistance Yesterday, there was a decent recovery in ETH price above $210 against the US Dollar. The price traded higher and tested the $223-225 resistance zone where sellers appeared. As a result, the price failed to gain pace above $223, and a short-term high was formed at $223.73. The price s
Bitcoin Price Technical Analysis: Hovering Near an Exhausted Support Line

Bitcoin Price Technical Analysis: Hovering Near an Exhausted Support Line

PRICE ANALYSIS
Bitcoin price is hovering at the bottom of its descending triangle and could be due for a downside break. Bitcoin Price Key Highlights Bitcoin price has formed lower highs and found support around $2320, creating a descending triangle pattern visible on its 4-hour chart. Price is currently testing the triangle support, still deciding whether to make a bounce or a break. Technical indicators are signaling that further losses are in the cards.   Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA so the path of least resistance is to the downside. In other words, a breakdown is more likely to happen than a break to the upside. Also, the 100 SMA lines up with the triangle resistance so a bounce up to that level could still see its gains l...