Month: June 2018

DeadCoins Brings Attention to 800 Lifeless Cryptos

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Initial coin offerings (ICOs) were the talk of the town last year, drawing the eyes and ears of worldwide investors. However, DeadCoins has reported that over 800 cryptocurrencies now lay lifeless, with many of these projects enlisting business practices reminiscent of scams.  ‘DeadCoins’ Says Over 800 Cryptocurrencies Now Lay Lifeless DeadCoins, a collection of cryptocurrency ‘eulogies’, now has a list of over 800 cryptocurrencies that lack a promising outlook. Although this may be poking fun at these 800 projects, the issue still remains. That is, the growing issue with questionable…

Delays Be Damned: Tezos Blockchain Tech Enters Beta Testing

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After months of painful wrangling, the Tezos network is up and running – more or less. The Tezos Foundation announced on Saturday that the blockchain’s “betanet is live.” As the group explained prior to the launch, this means that a fully functional version of the network is available, but still “experimental” in nature, with downtime and even emergency hard forks of the network possible. The foundation’s plan is for transactions that occur on the betanet to remain valid on the mainnet – the final version of the network, expected in Q3 –…

Crypto Market Suddenly Adds $26 Billion Overnight, Bitcoin and Ether Surge 11%

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The crypto market has added more than $26 billion in the past 24 hours, as major assets including bitcoin, Ethereum, and Bitcoin Cash rose by more than 10 percent. Bitcoin, Ethereum, and Bitcoin Cash are Today’s Big Gainers Major digital assets recorded large gains on June 30, as the volume of the crypto market suddenly surged by several billions dollars. With bitcoin and Ether, the native cryptocurrency of the Ethereum blockchain protocol, leading the market with solid 11 percent gains, other large digital assets such as EOS, Stellar, Cardano, IOTA,…

VeChain Arrives: What to Know About the $1.5 Billion Blockchain for Business

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Yet another top-20 cryptocurrency has officially released live software. As of 0:00 UTC Saturday, the first block on the VeChain blockchain, whose token supply is valued at $1.46 billion at writing, has been mined, marking a milestone for a project that aims to be among the first to convince enterprise businesses to adopt code tied to a crypto asset traded on a public market. Seeking to address obstacles with public blockchains like ethereum and bitcoin (namely alleged governance inefficiencies, economic model issues and application design difficulties), the project also hopes to eclipse…

Litecoin (LTC) Technical Analysis

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While fundamentals are supportive of Litecoin, the mere fact that Bitcoin is on a slide, adding on to their losses means there is more room for LTC downsides. The effect is can’t be clearer, so far it’s down six percent in the last 24 hours and likely to break below $70, our first bear target. For buyers to take charge, then we need to see bulls pushing prices above $110. From the News Line, a messaging platform and WhatsApp competitor is now setting its eyes on cryptocurrency. It’s not a…

Below $0.50: XRP Prices Fall to New 2018 Lows

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The price of XRP slid below $0.43 on Friday, hitting a new low for 2018. The world’s third-largest cryptocurrency by market capitalization fell to $0.424 at 13:00 UTC, surpassing the prior low of $0.438 seen just five days ago on the Bitfinex exchange. XRP has not recorded a daily close below $0.42 since December 12th, 2017. As of press time, the figure has risen above the low, back to averaging a price of $0.43 according to the CoinDesk XRP Price Index. Current prices reflect a 24-hour drop of 3.5 percent…

Many Coins hit Zero | Less than 4% of Crypto Coins are Successful

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Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November. Declining as much as 4.2 percent on Friday, it is currently trading around the $5,900 mark; this is whopping 59 percent decline from its highs at the beginning of this year. Coins Hit Zero As with many things, where leaders go the rest will follow and the cryptocurrency market seems to be reflective of that adage. For example, today also saw Ethereum and Bitcoin Cash fall…

Bitcoin Cash Getting Much Weaker

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Bitcoin Cash may well head to $640 or $630 soon, as there’s a new bearish trend line at $690. The crypto is trading at $662, having already tested the local low at $645 and then pulled back. The cryptocurrency is under pressure, according to Dmitriy Gurkovskiy, Chief Analyst at RoboForex. This means Bitcoin Cash is unlikely to stay long near $700. In case the sellers remain active, it will soon reach $630. Losses are already high, investors say, which could be clearly seen after BCH went below $665. In theory,…

Bitcoin Faces Fresh 2018 Lows After Close Below $6,000 Support

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Bitcoin (BTC) could post new 2018 lows over the weekend, having found acceptance below key price support. Despite signs of a possible corrective rally seen earlier yesterday, the leading cryptocurrency closed below $6,000 for the first time since November 12, signaling a downside break of a major support (February low). While the bears had briefly pushed prices down to $5,755 (2018 low) last Sunday, a close below $6,000 had remained elusive. Now that prices sit below $6,000, the focus is back on the long-run bearish technical charts, which continue to…

Bitcoin, Ethereum, Ripple, and Major Coins Drop 5%; Crypto Market Loses $9 Billion

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The cryptocurrency market has lost over $9 billion over the past 24 hours as the valuation of the market dropped to $233 billion. Major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and others dropped by more than 5 percent. Bloodbath Yesterday, CCN reported that a downtrend is expected due to the low volume of bitcoin and Ether, the native cryptocurrency of the Ethereum blockchain protocol. CCN’s report read: “At this rate, the bitcoin price could dip as low as $5,800 in the short-term, especially if the daily volume of BTC…