July 30, 2018

Bitcoin Price Watch: BTC/USD Must Break $8,300 To Resume Uptrend

July 30, 2018 boss

Key Points Bitcoin price is holding an important support at $8,000 against the US Dollar. There is a significant bearish trend line in place with resistance at $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $8,300 barrier to resume its upward move above the $8,500 level. Bitcoin price is consolidating gains above $8,000 against the US Dollar. BTC/USD could trade to new a monthly high if it succeeds in settling above $8,300. Bitcoin Price Analysis After declining below the $8,000…

IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks

July 30, 2018 boss

Even private and permissioned blockchains need to build ecosystems and achieve network effects, just like their permissionless, public counterparts. At least, that’s the thinking behind LedgerConnect, a financial blockchain “app store” that aims to make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers, and for those vendors in turn to reach bank customers. Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM, and counts major banks Barclays and Citigroup among its founding members. In…

Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700

July 30, 2018 boss

Key Highlights ADA price declined further and traded below the $0.1620 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is under pressure and upsides will most likely be capped by the $0.1650 and $0.1680 levels. Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD could extend declines as long as it is below the $0.1700 level. Cardano Price Analysis In the last analysis,…

Ripple Price Analysis: XRP/USD Could Explode Soon?

July 30, 2018 boss

Key Highlights Ripple price is trading in a range above the $0.4300 support area against the US dollar. There is a short-term contracting triangle formed with resistance near $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate gains once it breaks the $0.4600 and $0.4700 resistance levels in the near term. Ripple price is briefly consolidating in a range against the US Dollar and Bitcoin. XRP/USD could explode once the current consolidation phase is over. Ripple Price Resistances During the past few…

Zcash Mining Hardware for 2018

July 30, 2018 boss

Zcash is a privacy coin that’s been on the market for a few years now. It uses a mining algorithm called Equihash. With an active developer and community, “shielded” (or private) transactions, and an appropriate fund for the founders, Zcash has been steadily developing, innovating, and appreciating in price. Zcash’s Equihash is currently only mineable by GPUs. In theory, it’s also mineable by CPUs. But you’ll probably use up your CPU’s power before you can make a dollar out of it, so I wouldn’t recommend that. Equihash has been used…

Bitcoin News Summary – May 14, 2018

July 30, 2018 boss

Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin’s price came close to the key $10,000 level last weekend but failed to overcome it during this week. Late in the week, the price fell below $9,000, accompanied by negative news out of Asia. The rest of the crypto space also plunged reflexively, with most major coins declining twice or even three times as much as Bitcoin. South Korean prosecutors conducted a raid of the country’s largest Bitcoin exchange, UpBit. Hard drives and ledgers were seized as part of…

Bitcoin News Summary – May 21, 2018

July 30, 2018 boss

Here’s what happened this week in Bitcoin in 99 seconds. Here’s what happened this week in Bitcoin in 99 seconds. Consensus 2018 conference, held in New York, failed to trigger the anticipated Bitcoin price rally as it does each year. The turn out for the event was extremely overwhelming with almost 8500 people attending the conference. Here’s what happened this week in Bitcoin in 99 seconds. Speaking at Consensus, Blockstream’s Christian Becker said that as the lightning network matures, Bitcoin will be able to scale well beyond rival altcoins and even credit…

Kyber Network Review

July 30, 2018 boss

Kyber Network is a decentralized exchange for cryptocurrencies. Founded by Loi Luu, Victor Tran, and Yaron Velner in 2017, Kyber Network can be used to exchange and convert digital assets. The Kyber Network token sale took place in September 2017, which raised around 200,000 ETH (the equivalent of $60 million USD at the time). The testnet launch took place in August 2017. Kyber Network’s mainnet pilot launch followed in February 2018, and ran until April 2018. The platform is running on the Ethereum mainnet, and the Kyber Network public beta…

How to Mine Litecoin – The Complete Beginner’s Guide to Litecoin Mining

July 30, 2018 boss

To get started mining your L3+ Litecoin, or other Scrypt coins, watch this video! You can also use it to get paid with BTC, LTC, or just about any other altcoin! The Risks of ASIC Mining Some developers don’t like the idea of ASIC (Application Specific Integrated Circuit) manufacturers having a say in their coin development. However, other ASIC developers (such as Bitcoin, Dash, and Sia) are allowing ASIC miners to mine their coins. For example, Monero developed the Bitmain X3 for ASIC mining. (And many speculate that Bitmain successfully mined Monero…