Day: September 20, 2018

Ethereum Price Analysis: ETH/USD Under Pressure Below $216

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Key Highlights ETH price is struggling to break the $214-216 resistance zone against the US Dollar. Yesterday’s highlighted important bearish trend line is active with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to break the trend line and the $216 resistance zone for more gains in the near term. Ethereum price is mostly in a bearish zone against the US Dollar and bitcoin. ETH/USD needs to overcome sellers above $212 to test the $228 resistance. Ethereum Price Resistance Yesterday, there were…

Ethereum (ETH) Price Watch: Still Waiting for a Triangle Breakout

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Ethereum Price Key Highlights Ethereum has formed lower highs and higher lows to create a symmetrical triangle pattern on its 1-hour chart. Price is currently bouncing off support and might be due for another test of the top. Ethereum is also nearing the peak of the triangle pattern so a breakout might take place anytime soon. Ethereum continues to consolidate in a symmetrical triangle on its 1-hour chart and might be due for a breakout soon. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to signal…

Bitcoin (BTC) Price Watch: Volatility Picking Up Leading to Bitcoin ETF SEC Ruling

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Bitcoin Price Key Highlights Bitcoin price tossed and turned around current support levels but is still on track to complete a double bottom pattern. Price is making its way closer to the neckline around the $6,600 level and a break higher could confirm an uptrend. Technical indicators are showing the presence of selling pressure, though. Bitcoin price underwent a pickup in volatility as traders are positioning ahead of the SEC decision on bitcoin ETF applications. Technical Indicators Signals The 100 SMA is crossing below the longer-term 200 SMA to signal…

Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported

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Key Points Bitcoin cash price dipped recently, but it found support near $410 against the US Dollar. There is a major bearish trend line in place with resistance near $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to climb above the $450 hurdle for more gains in the near term. Bitcoin cash price is trading above $400 against the US Dollar. BCH/USD is facing a couple of important resistances near $445 and $450 levels. Bitcoin Cash Price Resistance During the past few…

Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000

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Bitcoin Core has released an update following the recent detection of a vulnerability in the software, according to a September 18 press release by the Bitcoin Core Project. According to the statement, Bitcoin Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability. The vulnerability could reportedly cause a crash of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to the press release, such blocks can be only created by a miner since they are…

New York University Offers Major in Blockchain Technology

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New York University (NYU) has reportedly become the “first” university in the U.S. to offer students a major in blockchain technology, CBS New York reported September 18. The program will reportedly be provided by the NYU Stern School of Business, which was also a pioneer in offering undergraduate courses in cryptocurrencies and blockchain. Professor Andrew Hinkes commented on the new program: “We hope to establish a groundwork so that the students can understand what’s really happening under the hood, so that they can understand both the legal and the business…

R3 Partners With Dutch Tech Company to Pilot Blockchain-Based Digital IDs

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Blockchain consortium R3 has deployed a digital ID application developed by Dutch digital security company Gemalto on the latest version of the Corda Platform, according to an announcement published September 18. Corda is an open-source blockchain-powered platform developed for financial establishments by R3 in collaboration with more than 200 of its partners. The platform is geared to work within finance to operate massive transactional volumes and restrict access to transaction data. The parties expect to conduct several pilots of the application — called the Trust ID Network —  that will…

Bitcoin Cash Sellers Targeting $300

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The debate around how best the network shall scale and provide passage for mass adoption in a coin that’s positioning itself as a medium of exchange is placing Bitcoin Cash value and investors in a precarious situation. While there are flickers of reversal in lower time frames, our Bitcoin Cash price analysis predicts a possible depreciation towards $300 and $220. Latest Bitcoin Cash News In less than two months, the Bitcoin Cash is set for another hard fork but this time, there are two camps competing for hash rates and…

EU Antitrust Regulators to Rule on Microsoft Acquisition of GitHub by Mid-October

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Software giant Microsoft has requested European Union (E.U.) approval of its $7.5 billion acquisition of web-based hosting service GitHub, Reuters reported September 17. According to Reuters, Microsoft filed the request last Friday, and the decision will be made by October 19. GitHub is an open-source coding website, a repository which hosts developers’ source code projects in a number of different programming languages and keeps track of any changes made. In 2017, the GitHub community reportedly reached 24 million developers, working with 67 million repositories. With the acquisition, the company is…

Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis

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Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and printing new lows. Litecoin is also poised to shed some more so if there are dips below $50 before the weekend. Let’s have a look at these charts: EOS Price Analysis Latest EOS News Block…