Day: July 26, 2018

Ripple Price Analysis: XRP/USD’s 100 SMA as Key Support

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Key Highlights Ripple price remained confined in a tiny range above the $0.4500 support against the US dollar. Yesterday’s highlighted important bearish trend line was breached with resistance at $0.4660 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is very well supported above the $0.4500 level and the 100 hourly simple moving average. Ripple price is slowly on the move against the US Dollar and Bitcoin. XRP/USD must clear the $0.4675 and $0.4700 barriers to gain traction in the near term. Ripple Price Support…

Non-Fungible Tokens, Explained | Cointelegraph

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2. Because they can offer unique characteristics which make them different and digitally scarce. Many tokens – and indeed cryptocurrencies – are fungible. If you send someone a Bitcoin, and get one back, you wouldn’t notice any difference. A lot of the time, fungible tokens are built using a standard called ERC-20. For the sake of simplicity, let’s imagine each of these tokens is a $10 bill. If you sent a token to someone, and got another one back a week later, they would be identical. (That said, there might…

Ethereum Price Analysis: ETH/USD Bullish Above $465

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Key Highlights ETH price moved a few points lower after trading as high as $485.71 against the US Dollar. There is a major bullish trend line in place with support at $470 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading above a few important support levels like $465 and $470. Ethereum price is struggling to gain momentum against the US Dollar and bitcoin. ETH/USD must hold the $465 support to bounce back in the near term. Ethereum Price Trend Yesterday, there was a nice…

Tron (TRX) Price Watch: Bulls Gaining Momentum?

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Tron Price Key Highlights Tron completed an upside break from a double bottom neckline, indicating that gains are in the cards. However, price got rejected on nearby resistance at 0.04000 and is currently pulling back to gather more bullish energy. Price seems to have bounced on the retest of the broken neckline and is ready to resume the climb to the extension levels. Tron price made a break and retest of the double bottom neckline to signal that more buyers are joining in. Technical Indicators Signals The 100 SMA is…

Joseph Lubin Names Berlin as The Most Important City in The ‘Blockchain Cosmos’

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Ethereum co-founder Joseph Lubin referred to Berlin as “the most important city in the blockchain cosmos”, Cointelegraph auf Deutsch reported July 25. Lubin said that, “Berlin has the infrastructure, Berlin has the talent, the really good programmers are here.” Lubin added that, if Berlin wanted to maintain its status as a blockchain hub,  “the government needs to set up more programs to promote blockchain.” According to Lubin, blockchain is still in its infancy. The Ethereum co-founder, who now is concentrating on app development on the Ethereum blockchain with his company…

Bitcoin Cash Price Analysis: BCH/USD Testing Key Support Near $820

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Key Points Bitcoin cash price started a downside correction after trading above the $875 level against the US Dollar. There is a key connecting bullish trend line formed with support at $830 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $820 and $830 support levels to avoid more declines. Bitcoin cash price is correcting lower against the US Dollar. BCH/USD is currently approaching an important support area near the $820-830 levels. Bitcoin Cash Price Support Yesterday, we saw a decent…

Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got Hacked

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When a decentralized cryptocurrency exchange supports fiat tokens and courts banks, yet makes customer identification optional, all bets are off. According to data provided to CoinDesk by the blockchain project Waves, the company’s new decentralized exchange (DEX) was facilitating $6 million of crypto transactions a day in beta testing last month. That’s six times the daily volume that a rival DEX, AirSwap, boasted at its debut in April. Waves, which is incorporated in Switzerland but headquartered in Russia, also told CoinDesk its DEX had 90,000 traders using 330,000 wallets ahead…

Bitcoin (BTC) Price Watch: Make-or-Break Area of Interest

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Bitcoin Price Key Highlights Bitcoin price has been on a tear lately but appears to be hitting a strong upside roadblock around $8,000. This is around the top of its descending channel visible on the 4-hour and daily time frames. If the resistance holds, the Fib extension tool shows the next potential downside targets. Bitcoin price appears to be encountering some bearish pressure at current levels and might be forced to retreat from its climb. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that…

Bitmain Discloses Shipping and Mining Policies for a ‘Fair and Transparent Ecosystem’

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Chinese mining hardware giant Bitmain, one of the leading Bitcoin (BTC) mining firms worldwide, announced its policies for mining practices, according to an official blogpost July 25. The recent list of policies intend to show Bitmain’s commitment to providing a “fair and transparent cryptocurrency ecosystem” in terms of policies for mining hardware shipping as well as those of mining practices. Regarding shipping, Bitmain proposed four major measures including order quantity restriction, establishment of a “first-paid-first-ship” order of fulfillment, combatting “hoarding” practices, as well as publishing monthly reports on shipping updates.…

We Need to Test Blockchain Because We Are ‘Four Years Behind’

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Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo outlined his agency’s interest in blockchain technology during a Congressional hearing Wednesday, July 25. The chairman emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases. The hearing, titled “Examining the Upcoming Agenda for the CFTC,” was convened by the House Committee on Agriculture. During the hearing, Giancarlo was asked by Congressman Austin Scott to explain the goals of LabCFTC, a dedicated hub for “engagement with the…