Month: June 2018

Ethereum Classic Price Analysis: Can ETC/USD Continue Higher?

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Key Highlights Ethereum classic price managed to gain traction and moved above the $15.00 resistance against the US dollar. There is a connecting bearish trend line formed with resistance at $15.90 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to break the $15.90 and $16.00 resistance levels to move in the bullish zone. Ethereum classic price is gaining momentum against the US Dollar and Bitcoin. ETC/USD may perhaps break the $16.00 resistance to continue towards $18.00. Ethereum Classic Price Trend After a…

Crypto Market Remains Relatively Stable, Tokens Record Big Gains as Theta Surges 30%

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The crypto market has slightly rebounded by $4 billion over the past 24 hours, providing investors with a breathing room in a major mid-term sell-off and downtrend. In a sideways market, a period in which major cryptocurrencies like bitcoin, Ethereum, Ripple, and Bitcoin Cash barely move but still secure some stability, tokens and small-scale cryptocurrencies tend to perform exceptionally well against both the US dollar and major digital assets. Interesting Trend of Tokens and Their Strong Performances The crypto market is still largely dependent on two major digital assets: bitcoin…

Ripple Price Analysis: XRP/USD Bullish Above $0.47

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Key Highlights Ripple price traded higher and settled above the $0.4700 resistance against the US dollar. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is still struggling to move above the $0.4950 and $0.5000 resistance levels. Ripple price is attempting an upside recovery against the US Dollar and Bitcoin. XRP/USD should break the $0.5000 barrier for accelerate gains in the near term. Ripple Price Resistance There was a decent upside move from…

Korean Exchange Puts $620K Worth of Crypto At Risk in Leaked Chat

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A new cryptocurrency exchange from South Korea has leaked critical information about 19 users on its platform, which could put some $620,000 worth of a cryptocurrency at risk. According to a report from CoinDesk Korea on Monday, an employee of Bitkoex, an exchange launched in May, posted in a Kakao group chat on last Friday details of the Karma (KRM) cryptocurrency held by the 19 users on the platform. The report said the leaked message contained the email addresses associated with the users as well as the wallet addresses and…

Bitcoin Transaction Fees | Who Decides the Transaction Fee?

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To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!? Well, it starts with the blockchain and the blocks which store the transaction information (thus making them legitimate). Each block in the Bitcoin network has an artificial size limit of 1 MB and this averages 2020 transactions to fill one block. Also, a new block is mined every 10 minutes – which is 600 seconds. So to calculate an average transaction time the math is straightforward: Number of Transactions Per…

Japan Cryptocurrency Tax | Finance Minister Considers Crypto Tax Rates

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Japan Cryptocurrency Tax: Taro Aso, the Deputy Prime Minister and the Minister of Finance for Japan, has concerns over cryptocurrency taxes in his country but believes it to be doubtful that the public would accept any changes made to the cryptocurrency taxation law. Japan Cryptocurrency Tax Currently, cryptocurrencies are taxed as “miscellaneous income”. Items taxed under this category can incur taxes up to 55%. However, Aso feels a better approach to cryptocurrencies is to tax them as “separate self-assessment taxation”. This category would bring cryptocurrency taxes to a flat rate of 20 percent…

Bitcoin Price Leads Recovery as Market Fights Off Weekend Firesale

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The cryptocurrency markets experienced a labored recovery on Monday after the deep bitcoin price sell-off that occurred over the weekend. Monero Price Headlines Monday Recovery Monero (XMR) has seen a huge rebound in the past 24 hours, up nearly 15% to $128.86. Monero saw a steep sell-off with the news out of the United States that the Secret Service recommended a crackdown on privacy cryptocurrencies , as CCN reported on June 22. The coin has also appeared recently in the news for its use in crypto-jacking malware. Lastly, speculation has…

Tron Claims Its Blockchain Is Live, But Its Token Migration Isn’t Over

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Tron, the $3 billion decentralized internet project, may have gone live today, but its full “independence” from the ethereum blockchain isn’t yet complete. Although Monday was intended to serve as an “Independence Day” celebration marking both the official launch of its mainnet and the completion of its departure from its former host, ethereum, the project has only achieved the former. More precisely, founder Justin Sun said during a live stream that Tron is still in the process of migrating the last of its users’ TRX tokens from ethereum to its mainnet.…

Bitcoin Price Eyes Comeback as 250 Million New Tethers Enter Circulation

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Cryptocurrency startup Tether issued $250 million in new tokens on Monday, sparking speculation that a bitcoin price rally could be inbound. Blockchain data indicates that Tether, the creator of cryptocurrency “stablecoin” USDT (colloquially called tether), issued 250 million new tokens this morning, June 25. USDT, which is pegged to USD at a 1-to-1 ratio, serves as a proxy for physical dollars on many cryptocurrency exchanges, owing to the fact that many trading platforms have difficulty obtaining the banking relationships necessary to hold fiat currency on behalf of customers. Over the past…

Tezos, A Launch Story: What’s Left Before the $232 Million Tech Goes Live?

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The Tezos Foundation has a message for the community: the code belongs to its users. Revealed in a statement on Monday, the non-profit is now directly pledging to take steps that will find it less involved in operations once the much-anticipated blockchain is launched. It’s a move reminiscent of the recent EOS launch, which has had a rocky start after Block.one, the corporate creator of the blockchain, handed over its tech to its community, and one that could signal a trend as more and more ICO projects go live in 2018.…