Month: June 2018

Huobi Pro Exchange to Suspend Crypto Trading in Japan

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Cryptocurrency exchange Huobi Pro is to cease offering trading services to investors living in Japan starting from next month. According to a news report from Coinpost, the exchange announced the news in an email sent to investors in Japan on Wednesday, stating it will remove the Japanese option from its homepage and suspends trading services from July 2. In a response to a CoinDesk enquiry, Huobi Pro – currently the third largest exchange in the world by 24-hour trading volume – confirmed the news, but has yet to provide further…

The EOS Arbitrator Problem: A Crypto Governance Breakdown Explained

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“They have to figure their own shit out.” Those were the harsh words of one of EOS’ top “block producers” – the network participants in charge of maintaining the blockchain – on Monday as the world’s fifth largest cryptocurrency attracted public ridicule for its current state of confusion. As told to CoinDesk by Kevin Rose, co-founder and head of strategy at EOS New York, the statement could reflect the broader snags the software has faced since release, but this comment was focused specifically on the EOS Core Arbitration Forum (ECAF). So far,…

Bitcoin Price Watch: Can BTC/USD Hold $6,000?

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Key Points Bitcoin price struggled to gain traction and moved below the $6,200 support against the US Dollar. Yesterday’s highlighted important bearish trend line with resistance at $6,200 is acting as a barrier on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a downside break below $6,000 if it fails to move above $6,200. Bitcoin price is under pressure below $6,200 against the US Dollar. BTC/USD must stay above the $6,000 support to avoid further losses in the near term.…

Cardano Price Analysis: ADA/USD Remains in Downtrend

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Key Highlights ADA price struggled to move above the $0.1400 resistance level and declined against the US Dollar (tethered). There are two key bearish trend lines formed with resistance at $0.1300 and $0.1350 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current slide below the $0.1250 support level in the near term. Cardano price struggled to hold gains against the US Dollar and Bitcoin. ADA/USD is now in a bearish trend with supports at $0.1200 and $0.1100. Cardano Price…

Ripple Price Analysis: XRP/USD Resumes Downtrend

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Key Highlights Ripple price failed to hold gains above the $0.4700 support and declined against the US dollar. There is a new key bearish trend line formed with resistance near $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may continue to decline and it could retest the last swing low of $0.4400. Ripple price is back in a downtrend against the US Dollar and Bitcoin. XRP/USD is under pressure below $0.4700 for more losses towards the $0.4400 low. Ripple Price Trend There was…

Ethereum Price Analysis: ETH/USD Under Bearish Pressure

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Key Highlights ETH price failed to gain traction and broke the $440 support against the US Dollar. There is a new connecting bearish trend line forming with resistance near $460 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it seems like it could retest the $$420 swing low. Ethereum price is showing signs of further weakness against the US Dollar and Bitcoin. ETH/USD is likely to trade further lower as long as it is below $450-460. Ethereum Price Resistance Recently, there…

Bitcoin Cash Price Analysis: BCH/USD Resumes Downtrend

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Key Points Bitcoin cash price failed to move above the $775 resistance and declined against the US Dollar. This week’s highlighted key bearish trend line played well with resistance at $720 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is moving lower and it seems like it could revisit the last swing low of $665. Bitcoin cash price is back in a downtrend below $720 against the US Dollar. BCH/USD is likely to accelerate declines back towards the $665 and $650 levels. Bitcoin Cash…

ING Bank Survey Reveals Interest In Crypto Will Double In Near Future

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Research company Ipsos on behalf of ING Bank B.V. has conducted a study on how cryptocurrencies are perceived across Europe, Australia and the U.S., which reveals that interest in the technology is expected to double in the future. While only 9 percent of respondents own crypto, 25 percent said they will own some in the future. The highest percent (18 percent) of crypto ownership is reported in Turkey, while the lowest (4 percent) is in Luxembourg. The survey is reportedly conducted several times a year and takes into account gender,…

Monero (XMR) Price Watch: Channel Still Intact!

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Monero Price Key Highlights Monero price is still in trading inside its descending channel despite the spike higher. This means that the downtrend is still likely to resume from here, as reflected by technical indicators also. However, the mid-channel area of interest is keeping losses in check and Monero price is testing resistance once more. Monero price could resume its downtrend as the channel resistance is holding but there could be a chance for a break higher. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to…

IOTA, EOS, Tron, Stellar Lumens and Litecoin Technical Analysis

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Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off for another three to five days. That’s negative and we can see the reaction at the daily chart because Tron is down three percent and there is more room for further downside below 4 cents.…