Day: September 24, 2018

Cardano Price Analysis: ADA/USD Could Test $0.10

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Key Highlights ADA price is moving in a positive zone above the $0.0850 level against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.0870 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move towards $0.1000 and $0.1050 as long as it is above $0.0800. Cardano price is gaining momentum against the US Dollar and Bitcoin. ADA/USD may perhaps continue to slowly rise towards the $0.1000 resistance. Cardano Price Analysis There was a decent…

English Football Giant Liverpool Partners Blockchain-Based Trading App TigerWit

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Forex trading platform TigerWit has announced a new partnership with Liverpool Football Club and the launch of a new blockchain-based trading app that gives clients access to access to key global markets and trade FX, indices, commodities and metals. Under the terms of the partnership, TigerWit becomes the ‘Official Foreign Exchange Trading Partner of Liverpool FC’ in an arrangement that gives the company a unique opportunity to increase its brand recognition and drive adoption of its new trading app which comes with a DLT-based settlement system. Football Clubs Embrace Blockchain Partnerships The…

Regulators Are Landing Punches, But There’s a Long Crypto Fight Ahead

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There are shifts at ShapeShift and not everyone’s happy with them. When the token exchange recently announced a new “membership” model with mandatory account identification, there was outrage from certain members of the cryptocurrency community who felt it was abandoning its pledge to privacy and destroying its core value proposition.…

Ripple Price Analysis: XRP/USD Remains In Major Uptrend

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Key Highlights Ripple price surged higher and settled above the 0.5000 resistance against the US dollar. There is a short-term connecting bearish trend line in place with resistance at 0.6000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may break the $0.6000 level in the near term to test the 0.6800 zone. Ripple price is placed in a positive zone against the US Dollar and Bitcoin. XRP/USD needs to clear $0.6000 and $0.6800 to accelerate gains. Ripple Price Analysis This past week, we saw…

NEO Launches Official Vulnerability Bounty Program

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Since its first day, NEO has held security as one of its top concerns. During the nearly two years from the MainNet launch, NEO has rewarded many developers who have identified vulnerabilities related to NEO. The purpose of NEO Vulnerability Bounty Program (NEO VBP) is to be proactive about security by providing a channel for security experts in the community to join NEO eco-development in a motivated way. Anyone who has discovered the potential security problems or loopholes of our underlying infrastructure can send a report to [email protected]. We will investigate…

Ethereum Price Analysis: ETH/USD Eyeing Break Above $254

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Key Highlights ETH price is placed nicely above the $240 support area with positive signs against the US Dollar. There is a new contracting triangle forming with support near $240 on the hourly chart of ETH/USD (data feed via Kraken). The pair may well break the $247 and $250 resistance levels to trade to a new weekly high. Ethereum price is consolidating gains against the US Dollar and bitcoin. ETH/USD could trade higher once there is a break above the $250-254 zone. Ethereum Price Analysis After trading above the $250…

BTC Acquires “Safe Haven” Status After Brexit Woes

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All in all, Bitcoin prices are on an uptrend. Backing these are boosting fundamentals with investors anchoring their bullish hopes on Bakkt, the ICE subsidiary. The platform will make use of Microsoft technologies for expediency. Regardless, our previous trade plan holds true. Even with a modest three percent gain in the last week, we need to see strong gains above $7,000 or safely $7,200 for trend continuation. Thereafter we shall recommend large volume buys with targets at $10,000. Latest Bitcoin News At current levels, Bitcoin prices are not only vibrant…

Bitcoin Cash Price Analysis: BCH/USD Could Surpass $500-510

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Key Points Bitcoin cash price is consolidating gains above the $470 support level against the US Dollar. There is a contracting triangle forming with support at $485 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to consolidate before buyers make an attempt to surpass $500 and $510. Bitcoin cash price is placed above the $450 and $460 supports against the US Dollar. BCH/USD could accelerate gains in the near term above the $500 level. Bitcoin Cash Price Analysis This past week, there…

EOS Price Watch: Bulls Getting Back on Their Feet

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EOS Price Key Highlights EOS price appears to be forming a double bottom on its 4-hour time frame, signaling that the downtrend may be over. Price has also formed slightly higher lows to mark the start of an ascending channel on its 4-hour time frame. However, technical indicators are still reflecting the presence of selling pressure. EOS price is showing some bullish hints with a rising channel and double bottom, but technical indicators suggest otherwise. Technical Indicators Signals The 100 SMA crossed below the longer-term 200 SMA to indicate that…

Crypto Exchange ShapeShift’s CEO Says Move to Collect IDs Was ‘Proactive’

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Cryptocurrency exchange ShapeShift’s controversial decision to require user identities wasn’t forced upon it but signified a “proactive” step to reduce legal risks, according to CEO and founder Erik Voorhees. In comments to CoinDesk made over the weekend, Voorhees offered some hitherto unshared rationale behind a move that prompted criticism from some in the cryptocurrency community who’d seen the site’s prior policy of not requiring formally identified accounts as a way to protect privacy. Some had speculated that ShapeShift’s new, soon-to-be mandatory “membership” model – announced in early September – was…