Sunday, July 22Your Daily Bitcoin & Altcoin News Portal
Dash Price Technical Analysis: Nice Bullish Thrust Forming

Dash Price Technical Analysis: Nice Bullish Thrust Forming

PRICE ANALYSIS
Dash price gained bullish momentum against the US Dollar and Bitcoin, and now DASH/USD can be seen as a buy on dips near $195. The Status: Dash price surged higher and broke a major resistance at $165 and $180 versus the US Dollar. There is a bullish trend line forming with support at $195 on the hourly chart of DASH/USD (data feed from Poloniex). The price is currently correcting lower, but remains supported around the $198 and $195 levels.   Technical Aspect In the past few analysis, we discussed about positive moves in Dash price above $150 against the US Dollar. The price remained in a bullish trend and was able to break a major resistance at $165 and $180. The price gained traction and traded above the $200 level for a new monthly high near $217.82. Later, it
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Ethereum Price Technical Analysis: Struggling to Clear $230 Range

Ethereum Price Technical Analysis: Struggling to Clear $230 Range

PRICE ANALYSIS
Ethereum price is struggling to gain bullish momentum against the US Dollar and Bitcoin, and ETH/USD remains capped by a major hurdle near $230-236. The Status: ETH price remained below the $230-236 resistance area and failed to gain traction against the US Dollar. Yesterday’s highlighted bearish trend line with current resistance near $228 on the hourly chart of ETH/USD (data feed via SimpleFX) is still intact. The price has slowly moved below the 100 hourly SMA, but there is no major move below $230.   Technial Aspect During the past few days, there were only range moves in ETH price above the $205 level against the US Dollar. On the upside, the price struggled to break the $230 and $236 resistance levels. There was no major action during the past few sessions,
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Bitcoin Price Technical Analysis: Short-Term Motion About to Be Set

Bitcoin Price Technical Analysis: Short-Term Motion About to Be Set

PRICE ANALYSIS
Bitcoin price could be due for an upside break from this short-term consolidation pattern, which looks like a bullish flag on long-term time frames. The Status: Bitcoin price is still stuck in its symmetrical triangle pattern just below its all-time highs. A downside break could inspire a larger correction from the rally while an upside break could lead to the creation of new record highs. Technical indicators are mostly signaling that further gains are in the cards.   Technical Aspect The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. Also, the gap between the moving averages is getting wider to indicate that bullish momentum is getting stronger. The 100 SMA is holding as dynamic support at the bottom of the...
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Bitcoin Price Technical Analysis: Different Ways to Move Forward

Bitcoin Price Technical Analysis: Different Ways to Move Forward

PRICE ANALYSIS
Bitcoin price might be done with its correction and the Fibonacci extension tool shows how low it could go from here. The Status: Bitcoin price is completing its pullback to the broken triangle support at $2400. This lines up with a Fibonacci retracement level and the extension tool shows the next potential support areas. Technical indicators are showing that the selloff could resume around these levels.   Technical Aspect The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. At the same time, the 100 SMA lines up with the broken triangle support to add to its strength as resistance. The 200 SMA dynamic inflection point is closer to the triangle top, which might be the last line of defense in this downtrend p...
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Former Morgan Stanley Head is Backing a Crypto Assets Company

Former Morgan Stanley Head is Backing a Crypto Assets Company

FINANCE
As the market matures and lures more traditional finance professionals, investors like John Mack see a gap in accessibility. Mack is putting money down in what he believes to be the right places – expect ICO later this year. Digital Currency Ventures John Mack, once served as Chief Executive Officer for Morgan Stanley is now setting his crosshairs on digital currency. The banker claims to have been investing in digital currencies for years. John points out in an email statement: I have been watching and investing in the cryptocurrency market over the last several years… We think Omega One is going to be transformative because it benefits the entire ecosystem – making crypto assets cheaper and easier to access. His investments were made via Venture One, a portfolio company in wh
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Digital Currency Tokens are Allowing the Creation of ‘Private Economies’, According to Vinny Lingham

Digital Currency Tokens are Allowing the Creation of ‘Private Economies’, According to Vinny Lingham

FINANCE
In a Medium post Monday, Civic CEO Vinny Lingham said that tokens released by companies as value assets are becoming “yet another killer app.” “We are now entering a realm where its (sic) possible for applications to be built on top of Blockchain technology, and this is enabling new use cases and, more importantly, the ability to create ‘private economies,” he surmised. Lingham received praise for the distribution methods of Civic’s CVC token last month as other ICOs, and token sales gained criticism for their perceived lack of technical robustness and impact on the Ethereum network. Currently trading on Bittrex, EtherDelta and COSS as well as ShapeShift, the average cost of CVC is now just over 20 cents – already double that of the token sale price. “When we look at Civic,
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The PullBack Is Over (For Now): Cryptocurrencies Gain $28 Billion & Nearly A 50% Gain In The Last 48 Hours

The PullBack Is Over (For Now): Cryptocurrencies Gain $28 Billion & Nearly A 50% Gain In The Last 48 Hours

THE DOLLAR VIGILANTE
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.” And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak. The total market capitalization of all cryptocurrencies increased from $60 billion to currently $88 billion for a nearly 50% gain in just the last 48 hours. Bitcoin is up over 10% in the last 24 hours while Ethereum has skyrocketed 38% and all major cryptocurrencies are heavily in the green. Of course, in the midst of the pu
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Blockchain Startup ArabianChain Nets $817k from New Investor

Blockchain Startup ArabianChain Nets $817k from New Investor

BLOCKTECH, FINANCE
ArabianChain, a United Arab Emirates-based public blockchain startup, has reportedly received AED3m ($817,000) from a private investor to further its operations. As reported by Gulf Business, the notable investment came from Ahmad Abdullah Bugshan, currently the vice president of Saudi Arabian telecoms firm, House of Invention International. Among other roles, the investor is also a board member of Arabian Bugshan, the holding company of a major conglomerate operating in the Middle East and North Africa. Bugshan told the news source: “I believe that the region will lead the way when it comes to blockchain, and ArabianChain is well-positioned to drive innovation and adoption of this disruptive technology.” Founded in February 2016 by Mohammed Alsehli, ArabianChain is developing
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Indian State Government and Mastercard Among New Members of Enterprise Ethereum Alliance

Indian State Government and Mastercard Among New Members of Enterprise Ethereum Alliance

ETHEREUM
The Enterprise Ethereum Alliance is revealing its newest members. As with previous announcements, entrants are divided between legacy institutions and startups building on the ethereum blockchain. Included on the list is Mastercard, Cisco Systems, Scotiabank, Loyyal Corporation and QIWI Blockchain Technologies, among 29 other firms. But the member that perhaps stands out most in this latest batch of companies is the government of the rapidly growing Andhra Pradesh state in India, the first state government outside the US to join the alliance. The special chief secretary and IT advisor to the state’s chief minister, J.A. Chowdary, described in a statement the government’s ambition to leverage the membership as a way to turn the region into a financial technology tech hub. Chowd
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ICO Token Sell-Offs Caused the Recent Ethereum Price Slump, Survey Shows

ICO Token Sell-Offs Caused the Recent Ethereum Price Slump, Survey Shows

PRICE ANALYSIS
Any time there’s a major correction or major upsurge in values for any market, opinions and tempers flare about what could have caused it? When prices plummet, people tend to get especially upset. The recent collapse in the price of Ethereum (ETH) has led some to speculate about what could have caused the problem. Cointelegraph conducted a survey about the potential causes for the decline and the responses were interesting. The majority of respondents believe that ICO token sell-offs have caused the price decline. The massive rise in ICOs over the past months have led to a large amount of ETH being gobbled up in the attempt to raise funds. As startups seek to capitalize on funding by selling, the market may well have been flooded with available ETH, driving down the price. Othe