Month: June 2018

Bitcoin Price Watch | Decline Continues Below $6500

boss

On Wednesday morning, Bitcoin continued its decline from earlier this week, falling below the pivotal $6,500 price point. The cryptocurrency is now trading at around $6,400. Its price fell by approximately 17% over the past seven days and by 75% through 2018. Bitcoin Continues Decline, Testing New Support Continuing its decline from this past weekend, Bitcoin price fell below the critical $6,500 level. BTC/USD is now on a bearish trend testing a new support at $6,340. Another bearish trend line formed earlier at its resistance level of $6,550. As a…

Coinbase’s New Index Fund for Investors Is Now Live

boss

Coinbase has formally launched a new index fund product aimed at large investors. Announced Wednesday in a blog post by product lead Rueben Bramanathan, the Coinbase Index Fund is now “open for investments” with a minimum required investment of $250,000. The fund will give investors access to all of the assets currently listed on Coinbase, which at present include bitcoin, bitcoin cash, ethereum, litecoin and now ethereum classic. The assets will be weighted by their market capitalization, according to the post. Further, more assets can be added if Coinbase lists them…

Surprise KYC: Investors in Tezos’ Troubled ICO Might Finally Be Fed Up

boss

Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought into its July 2017 initial coin offering (ICO). At that time, investors, who the foundation calls “contributors,” were not asked to provide any personally identifiable information when they bought $232 million worth of its crypto…

Bitcoin Bulls Eye $6K Bottom After 4-Month Low

boss

Bitcoin is still looking south, having hit four-month lows today, but the bearish momentum may wane due to short-term oversold conditions, the technical charts indicate. More bears joined the party in the U.S. session Tuesday after the cryptocurrency failed to cross twin resistance at $6,859 (50-hour moving average (MA) and 23.6 percent Fibonacci retracement). As a result, the price fell to $6,370 on Bitfinex today, the lowest level since Feb. 6. At press time, bitcoin was slightly higher at $6,453. The drop to the four-month low has bolstered the already…

EOS’s Experimental Launch Might Be Putting Investor Money at Risk

boss

Who do you trust with your private key? That’s the question that may be on the minds of EOS token holders, who while incentivized to help the much-anticipated technology finally go live, haven’t yet done so. As EOS is set up to enable self-governance by its users, it’s these individuals and companies who have to make the first move, electing who they’d like to process transactions that occur on the network in an elaborate global vote. But at the time of writing, they haven’t exactly done that. Rather, EOS’s blockchain is locked in…

Quantstamp Under Fire: Buyers Say Faith Shaken In $65 Million Token

boss

A blockchain project is facing an uproar from community members who say the team has been undermining the value of the token it used to raise millions. The controversy around Quantstamp, maker of a protocol that seeks to decentralize smart contracts auditing, reached a fever pitch late last week, with acrimony spilling into the project’s social channels. There, representatives for the San Francisco-based company, registered in Delaware, took heated questions from token buyers. At issue is Quantstamp’s acceptance of U.S. dollars and ether, rather than its token, QSP – which…

Bitcoin’s Price Slides Below $6.5K to Hit 70-Day Low

boss

The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday. Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since the start of April when the BPI registered a low of $6,443. The charts suggest a support of $6,436 – if current levels are broken, the next major support is $6,000, borne from the lows from…

Dead Cat Bounce? Bitcoin Price Recovery Could be Short-Lived

boss

Bitcoin (BTC) is looking to regain poise after its drop to two-month lows on Sunday, but the recovery will likely be short-lived, the technical charts indicate. At press time, BTC is changing hands at $6,825 on Bitfinex – up 3 percent from the two-month low of $6,619. The recovery could be associated with extreme oversold conditions highlighted by the relative strength index (RSI) yesterday and could be extended further in the next 24 hours. However, crossing $7,000 in a convincing manner will be easier said than done, as the area…

EOS Is Launched But Not Yet Live – Why?

boss

Visit any EOS Telegram channel and some version of this question will pop up again and again: Is the mainnet live yet? While the EOS blockchain technically launched on June 10 at 13:00 UTC, the answer to that question is effectively no. That’s because the crypto tokens created by Block.one’s $4 billion EOS initial coin offering (ICO) are locked up until the network elects 21 “block producers” (the equivalent of miners for the new network), and as that still hasn’t happened, currently no one can start using EOS just yet.…

Mystery Startup Tells the SEC It’s Raising a $180 Million ICO

boss

A little-known company in Estonia is looking to raise as much as $180 million in a SAFT sale, public records show. A Notice of Exempt Offering of Securities published on June 4 through the U.S. Securities and Exchange Commission’s EDGAR document system shows that a firm called NewTech Myning OU is looking to raise the funds by selling what are effective promises the distribution of tokens at a future time. To date, a number of blockchain startups and projects have raised money using the SAFT model. Per the form, the offering is…