Day: July 11, 2018

Cardano Price Analysis: ADA/USD Could Break $0.1250

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Key Highlights ADA price declined further and broke the $0.1350 support area against the US Dollar (tethered). There is a major bearish trend line formed with resistance at $0.1380 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline below the $0.1250 support in the near term. Cardano price is placed in a bearish zone against the US Dollar and Bitcoin. ADA/USD may perhaps move down further as long as it is below $0.1350. Cardano Price Analysis There was…

Ripple Price Analysis: XRP/USD Extending Slide

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Key Highlights Ripple price is under a lot of pressure and it recently broke the $0.4500 support against the US dollar. There is a short-term declining channel in place with resistance at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current decline towards the $0.4300 and $0.4250 levels in the near term. Ripple price is extending losses against the US Dollar and Bitcoin. XRP/USD is in a downtrend and it could accelerate losses below the $0.4400 level. Ripple…

Opera Becomes First Major Web Browser to Include Native Crypto Wallet

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The Opera web browser for Android is launching a private beta version that will include a built-in crypto wallet, according to a press release shared with Cointelegraph Wednesday, July 11. Opera has already entered the crypto sphere, as both their web and mobile browsers have included anti-cryptojacking software since January. Opera’s crypto wallet will support Ethereum Web3 API and will be integrated with a “default WebView” on top. The press release notes that the wallet will automatically add tokens and collectibles into the wallet. Product manager Charles Hamel noted that…

Philippines Regulator Aims to Make $67 Million From Crypto Exchange Licensing

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The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based crypto exchange. The CEZA said the new issuance is part of the total 25 principle licenses it will hand out to crypto trading platforms. And each of those authorized companies will be allowed to further…

Ethereum Price Analysis: ETH/USD Remains at Risk

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Key Highlights ETH price declined heavily and traded close to the $425 support area against the US Dollar. There is a crucial bearish trend line in place with resistance at $448 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating losses and it is facing many resistances on the upside near $440 and $448. Ethereum price is back in a negative zone against the US Dollar and Bitcoin. ETH/USD could correct higher, but it is likely to face sellers near $445-448. Ethereum Price Resistance Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped

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Key Points Bitcoin cash price fell sharply and even broke the $700 handle against the US Dollar. There is a major bearish trend line formed with resistance near $735 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may correct higher in the short term, but upsides are likely to be capped by $710-730. Bitcoin cash price is back in a bearish trend below $750 against the US Dollar. BCH/USD is now facing many challenges on the upside above $710. Bitcoin Cash Price Resistances Yesterday,…

Coinbase App Download Rate Falls Following Decline in Crypto Markets

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San-Francisco-based cryptocurrency exchange Coinbase’s download rate has fallen to its lowest level among U.S. finance apps following the general decline in digital currency markets, Quartz reported July 10. According to Quartz, the Coinbase app fell to 40th place in June download rankings, its lowest download ranking since April 2017. The situation reportedly reflects the fickleness of retail traders, who make up the greater part of trading volume in crypto markets. In December, Coinbase reportedly became one of the top finance apps in the U.S. in terms of downloads backed by…

Philippine Special Economic Zone Grants Licenses to Three Crypto Exchanges

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The Cagayan Economic Zone Authority (CEZA) of the Philippines has issued provisional licenses to three cryptocurrency exchanges in the economic zone, the Manila Times reported July 10. CEZA expects to attract $3 million of investment following the issuance. CEZA is a state-owned corporation that controls the Cagayan Special Economic Zone and Freeport operations. In April, the Philippine government announced it will allow 10 blockchain and cryptocurrency companies to operate in the economic zone to create jobs and stimulate the economy. CEZA also requires the companies to contribute not less than…

Ledger Attracts Tech Giant Investors After Selling More Than 1 Mln Wallets in 2017

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Ledger, one of the leading security-focused hardware wallet suppliers, has sold more than one million hardware crypto wallets in 2017, earning a profit of $29 million, the firm said in an interview with Forbes July 9. Having raised $75 million this January in a Series B funding round led by European venture capital firm Draper Esprit, the Paris-based company is planning to raise more funds this year. Ledger’s president Pascal Gauthier revealed that while the January round was focused on venture capitalists, “who could advise on Ledger’s consumer Nano S…

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

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Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12.5 million worth of BNT was used to withdraw ETH. It’s definitely bad press and sellers are spearheading this on-slaughter. So far, it’s double digit losses for EOS, IOTA, Tron and Litecoin. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Isn’t it startling to know that Block One realize that they are powerful and actually don’t care about that.…