Key Highlights ETH price struggled to remain above the $337 support zone against the US Dollar and moved down. There was a break below a key bullish trend line with support at $332 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might continue to correct lower and could even retest the last swing low of $317. Ethereum price is losing grip against the US Dollar and Bitcoin. ETH/USD might correct lower towards $317 in the near term since it is below $332. Ethereum Price Support After a successful hard fork, there was no major upside move in ETH price above $340 against the US Dollar. The price remained below the $350 level and started a downside move. Initially, there was a break below the 23.6% Fib retracement level of the last wave from the $317.31 low to $350.52 high. I...
Key Highlights Ripple price traded to a new monthly high above $0.2900 against the US Dollar. There is a key bullish trend line forming with support at $0.2500 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might continue to trade higher towards the $0.2800 and $0.2900 resistance levels. Ripple price is trading with a bullish bias against the US Dollar and Bitcoin. XRP/USD is holding an important support and eyeing further gains. Ripple Price Support Yesterday, there was a sharp upside move in Ripple price above $0.2900 against the US Dollar. The price gained pace above $0.2900 and traded to a new monthly high at $0.2950. Later, it started correcting lower and declined below the $0.2700 level. However, the downside move was protected by the $0.2500 support and...
Bitcoin Price Key Highlights Bitcoin price is pausing from its strong rally, consolidating on the short-term time frames while waiting for more momentum. Price has formed higher lows and found resistance around $5800, creating an ascending triangle formation. Price is currently testing the triangle support and could be due for a move back to the top. Bitcoin price has formed an ascending triangle on its 1-hour time frame while waiting for more bulls to sustain the climb. Technical Indicators Signal The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In addition, the 100 SMA lines up with the triangle bottom and is currently holding as dynamic support. A break below the bottom of the triangle could signal that bears are gaining contro...
Key Points Bitcoin cash price is holding the $300 support against the US Dollar and is trading in a range. Yesterday’s highlighted contracting triangle pattern with current resistance at $323 holds the key on the hourly chart of BCH/USD (data feed from Kraken). The price is likely to remain in a small range before making the next move, probably above $325. Bitcoin cash price is consolidating above $300 against the US Dollar. BCH/USD has to gain momentum above $325 to gain upward strength. Bitcoin Cash Price Support It seems like Bitcoin cash price is preparing for the next move either above $325 or below $300 against the US Dollar. The price is holding the $300 support very well and is trading in a range. There was no major move during the past 24 hours and the price remained below the $31
CryptoFriends Blockchain Meetup in Barcelona Reviews ICOs, Builds Connections “Shoot for the moon and dreams will come true.” Those words echoed in my brain 30,000 feet in the air on my return flight to Moscow following another CryptoFriends Netup (*Netup - kind of meetup with “deep networking opportunities/purposes”) held at the Hilton Purobeach. I’m usually against trivial hotels for events but there was a stunning rooftop pool terrace in the middle of Barcelona’s emerging arts and financial district. The event kicked off with that top notch level of CryptoFriends “chillaxness” and everyone was there to simply talk Blockchain, ICOs, and have a proper Netup. The day was capped off with special guest Brock Pierce giving an inspiring speech to move the intimate audience of startups,
Blockchain May Play Crucial Role in Artificial Intelligence Development, Regulation The biggest threat for our future, according to Elon Musk, is the development of artificial intelligence (AI). As Musk recently pointed out: “I think we should be very careful about artificial intelligence. If I had to guess at what our biggest existential threat is, it’s probably that. So we need to be very careful. I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to make sure that we don’t do something very foolish.” Musk addresses a couple of key issues. The first is how we should take care when it comes to the implementation of AI. The second, and perhaps the most important challenge, is how can you regulate
Bitcoin ETF Could Actually Be on Horizon Says Prominent Investing Firm Bitcoin users had lost hope of having an Bitcoin ETF when the Winklevoss twins' application was rejected. However, the CEO of ARK Investment Management feels that a Bitcoin ETF may only be a year or two away. ETFs matter Some may debate the utility of having a Bitcoin ETF when it would be more profitable to hold Bitcoins instead. By holding Bitcoins directly, you get the benefit of price appreciation without having to pay any management fees. However, financial institutions usually have a mandate for investment and direct ownership of Bitcoin wouldn't fit into their investment plan. A Bitcoin ETF, however, would grant exposure to Bitcoin’s prices and also be highly liquid. ETFs would also help unsophisticated inv
Bitcoin, Altcoin Exchange Bittrex Eyed With Suspicion Due to Thousands of Mysterious Account Closings Cointelegraph recently began receiving complaints about the Bittrex exchange disabling users’ accounts for no apparent reason. One consistent theme in every complaint we’ve received is that users have attempted to open tickets and have even sought help on the exchange’s Slack, only to be ignored and banned, respectively. One user complained that he has six Bitcoin in his Bittrex account--over $30,000 at today’s values--and no longer has access to his funds and receives no answers to his support tickets. Another user comments: “My Bittrex account is disabled for more than 3 days without any warning or announcement. Their support do not answer anything.” Another wrote: “Although we
World’s First Ethereum-based eSports Platform Launched The eSports industry has posted a 41% year-on-year market growth, according to the 2017 Newzoo annual report, making it hard to ignore. Similarly, you would be hard-pressed to find a major industry that Blockchain technology isn’t disrupting. In that light, World of Battles represents the ideal merger between the emerging industries of Blockchain and eSports. Traditional eSports streaming platforms are rampant with bugs and errors. They come with many shortcomings ranging from streaming interruptions to long waiting periods for processing the betting transactions. Taking advantage of Blockchain technology, World of Battles (WOB) presents innovative solutions that not only provide for enhanced streaming and gaming, but also miti
Blockchain Might Lead the Next Social Media Revolution Social platforms have exploded in popularity over the past decade and are now a cornerstone in our daily interactions. People around the globe use these networks to share information with each other and mutually create value. That’s the theory, anyway. Many social networks are plagued by trolls, fake news that spreads like wildfire, and antisocial interactions between users. Currently, the main objective of social media providers is to attract more users to their platform. According to Metcalfe's law, the value of a social platform is proportional to the square of the number of users contributing to it. However, this takes the focus away from the most important aspect of a social platform: building a healthy community that activ