Day: August 3, 2018

Ethereum Price Analysis: ETH/USD Under Pressure Near $400

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Key Highlights ETH price declined sharply and spiked below the $400 support area against the US Dollar. There is a major declining channel in place with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed in a downtrend below $410 and $420 and it could decline further in the near term. Ethereum price is sliding aggressively against the US Dollar and bitcoin. ETH/USD is under pressure and it could decline further below $395. Ethereum Price Slide There was a tiny correction above…

Bitcoin Cash (BCH) Price Watch: Aiming for Next Major Support

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Bitcoin Cash Price Key Highlights Bitcoin Cash celebrated its anniversary but bulls seemed to be nowhere in sight. Price broke below a short-term trend line and triangle consolidation to set off a new wave lower. Price could be aiming for the next floor at the longer-term horizontal support from here. Bitcoin Cash price barely drew support during its first anniversary as it sets its sights on a lower support zone. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA for Bitcoin Cash to signal that the…

Bitcoin Cash Price Analysis: BCH/USD Primed for More Declines

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Key Points Bitcoin cash price failed to recover and declined further below $740 against the US Dollar. This week’s highlighted crucial bearish trend line is intact with resistance at $745 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline back towards the $680 level in the near term. Bitcoin cash price declined heavily below $740 against the US Dollar. BCH/USD remains at a risk of more losses below the $700 level. Bitcoin Cash Price Decline Yesterday,…

Bitcoin (BTC) Price Watch: Larger Correction in the Works

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Bitcoin Price Key Highlights Bitcoin price is still in pullback mode as it broke below the first Fib and may be setting its sights on the next ones. Bulls could be waiting at the rising trend line connecting the lows since late June and the 61.8% Fib. Technical indicators are hinting that the uptrend still has a chance at resuming at some point. Bitcoin is still in pullback mode as it retreats below the 38.2% Fib level and might find support at the next ones. Technical Indicators Signals The 100…

In an Apparent First, High Times to Accept Crypto in Its Initial Public Offering

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Cannabis culture media organization High Times Holding Corp. will accept cryptocurrencies in its Initial Public Offering (IPO), High Times reports Aug. 2. In doing so, it will reportedly be the “first traditional stock offering ever to accept investments” in cryptocurrencies. The “preeminent source for cannabis information since 1974” will accept Bitcoin (BTC) and Ethereum (ETH) in an effort to cast a wider net in attracting investors to the company. High Times CEO Adam Levin said: “While we didn’t believe that the ICO [Initial Coin Offering] process was the right move…

Recent Walmart Patent Application Describes Blockchain-Managed Smart Appliances

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U.S. retail giant Walmart has applied for another patent, which describes the management of smart appliances using blockchain technology, according to an application published by the U.S. Patent and Trademark Office August 2. The application outlines systems and methods for managing a smart appliances such as a desktop or server computer, a kiosk, a tabletop device, or more portable computing devices, such as a wearable or gaming devices, laptop computers, or portable media players. From a practical perspective, users will employ a device, whether it is wearable or not, that…

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

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As fundamentals and coin related news thin out, so are buyers. At current spot prices, altcoins are weak and IOTA, EOS, Tron and XLM sellers are wreaking havoc, reversing last week’s gains. Overly, the bear break out pattern that is so clear in our daily charts might pan out. At the rate of this alt-coin price erosion, sellers might follow through confirming the trend resumption phase. EOS Technical Analysis EOS Daily Chart by Trading View Regardless of the increasing number of exchanges listing EOS and dApps launching on EOSIO, still…

BitBay Partners With German Firm to Enable Equity Token Trading with Fiat Currencies

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Cryptocurrency exchange BitBay has partnered with a Berlin-based blockchain-powered equity fundraising platform Neufund, according to an August 2 press release. The partnership will reportedly enable investors to buy and sell equity tokens with fiat currencies. According to the press release, Neufund is aiming to become the first end-to-end primary issuance platform for security tokens, specializing in equity tokens. The company backs up its objective with a study conducted by Toronto-based firm Polymath, which says that by 2020 the security token market will hit a value of $10 trillion. Neufund believes…

Bitcoin Must Hit $213,000 to Replace US Money Supply

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Zurich-based investment bank and financial services company Union Bank of Switzerland (UBS) has said that the Bitcoin (BTC) price must hit nearly $213,000 to replace U.S. money supply, Bloomberg reported August 2. According to Bloomberg, a new report by UBS suggests that BTC cannot currently be considered money or a viable asset as its versatility is stymied by the capacity constraints of the BTC network. The report says: “Our findings suggest that Bitcoin, in its current form, is too unstable and limited to become a viable means of payment for…