Month: July 2018

Five Questions to Ask Before Investing in a Blockchain Company

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As interest in blockchain continues to gain traction, the importance of investor education is at an all-time high. With hundreds of new projects popping up every week, it may be hard to separate the wheat from the chaff. Not every project can be or will be successful. To further complicate matters, some come with a cryptocurrency token used to raise funds. How do you protect yourself prior to investing? Educate, educate, educate. I always advocate for researching the project’s team, the industry they are trying to disrupt, and reading the…

Bitcoin Price Weekly Analysis: BTC/USD’s Next Target $8,500

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Key Points Bitcoin price gained momentum and settled above $7,200 against the US Dollar. There is a major bullish trend line forming with support at $7,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to make the next move either above $7,600 or below $7,240 in the near term. Bitcoin price is placed nicely in an uptrend above $7,000 against the US Dollar. BTC/USD is eyeing the next break either above $7,600 or below $7,240. Bitcoin Price Range Pattern This past week,…

Ethereum Price Weekly Analysis: ETH/USD Could Revisit $422

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Key Highlights ETH price struggled to hold gains above $510 and declined sharply against the US Dollar. Recently, there was a break above a bearish trend line with resistance at $457 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair has to close above $477 and the 100 simple moving average to move back in a bullish zone. Ethereum price is moving with bearish signs versus the US Dollar and Bitcoin. ETH/USD must clear the $470 and $477 resistances to climb higher. Ethereum Price Resistances This past…

Bitcoin Cash Price Weekly Analysis: BCH/USD Bullish Above $820

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Key Points Bitcoin cash price corrected lower and tested the $740 support area against the US Dollar. There is a major bullish trend line in place with support at $750 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair must break the $800 and $820 resistance levels to gain bullish momentum in the near term. Bitcoin cash price is placed in a bullish zone above $740 against the US Dollar. BCH/USD must settle above $820 to accelerate gains towards $880 and $900. Bitcoin Cash Price…

Crypto Markets See Solid Upswing, Bitcoin Pushes $7,500

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Crypto markets are seeing mostly green today, July 21, continuing the momentum of this week’s upswing. The top ten altcoins are solidly regaining strength today, up as much 8 percent, according to Coin360, with Bitcoin (BTC) only slightly in the green, hovering near yesterday’s levels.   Market visualization from Coin360 The top cryptocurrency is currently trading at $7,426 at press time, up just under 1 percent on the day. Bitcoin saw an intraday low of $7,246. Low point in Bitcoin’s 24-hours chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH)…

Crypto Market Very Volatile, Positive Atmosphere as 0x Gains 12% and Tokens Rise

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The crypto market has been extremely volatile over the past 24 hours, especially small tokens and digital assets, possibly due to the decline in volume in the past week. Bitcoin’s Weird Movements Yesterday, on July 21, the price of bitcoin surged from $7,400 to $7,600 in a span of 10 minutes, with a spike demand on major cryptocurrency exchanges including Binance and Bitfinex. However, almost immediately after the spike, the price of bitcoin crashed from the higher end of $7,600 to the lower end of $7,300, bringing along other major…

What Went On at US Congress Crypto Hearings

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July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the realm of crypto (with the somewhat obligatory call for a blanket ban), the former seemed more positive, as the board of experts provided the regulators with collected considerations bothering the industry. Nevertheless it’s the House…

Worst Not Yet Over for Bitcoin Price: BitMEX CEO Arthur Hayes

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Seems like that anticipated trip to the Lambo dealership will have to be put off for later. According to the co-founder and CEO of Bitcoin Mercantile Exchange, Authur Hayes, the rally that bitcoin has experienced this week was accompanied by healthy volumes, making it possible for higher levels to be reached. However, prices could reverse and test the US$5,000 level again. “I don’t actually think we’ve seen the worst. I think this is a very strong rally on good volume and we definitely could see $8,000 … $9,000 … and…

Liverpool Aims to Become ‘World’s First Climate-Positive City’ Using Blockchain Tech

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The Liverpool City Council (LCC) announced it will be using blockchain tech to mitigate the city’s climate impact, local news outlet edie.net reported July 19. A tweet from the LCC explains that the effort to reduce the city’s climate impact is a bid to become the “world’s first climate-positive city by 2020.” The LCC will partner with the Poseidon Foundation to conduct a year-long trial of a blockchain platform that will facilitate the security and exchange of tokenized carbon credits with the goal of offsetting the city’s climate impact by…

Celebs and Crypto: A Mixed Bag of Crypto Collaboration

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In 2017, cryptocurrencies were thrust into the faces of millions like never before, as Bitcoin and numerous altcoins soared to breathtaking highs. What followed can only be described as a media frenzy, as any noteworthy publication, website and media agency had some sort of coverage of Bitcoin and crypto toward the end of the year. Most businesses wouldn’t have enough money to pay for this much advertising — but that is largely due to the fact that Bitcoin and its brethren cruised to all time highs that may not be…