October 3, 2018

Five Areas to focus on the Future of Blockchain Adoption

October 3, 2018 boss

This week, the British professional services company Deloitte released a report on the aspects of the blockchain industry that are most likely to yield significant progress on the road to widespread adoption. The report’s author and managing director at Deloitte, David Schatsky , spoke with Distributed.com to add depth to his analysis of each of these vectors. Technical Limitations First and foremost amongst the limitations Schatsky identified were those endemic to the various smart contract and blockchain platforms themselves, namely the issues of throughput, efficiency and performance. As many different experimental projects and big-name companies alike have discovered,…

Ethereum Price Analysis: ETH/USD Breakdown Could Reach $203-207

October 3, 2018 boss

Key Highlights ETH price failed to gain momentum above $232 and declined recently against the US Dollar. This week’s followed important bullish trend line was breached with support at $225 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently in a bearish zone and it could continue to move down towards $207 or $203. Ethereum price is grinding lower against the US Dollar and bitcoin. ETH/USD may well accelerate losses towards $203 if sellers remain in control. Ethereum Price Analysis There was a strong hurdle…

Bitcoin (BTC) Price Watch: Line in the Sand for Buyers?

October 3, 2018 boss

Bitcoin Price Key Highlights Bitcoin price is back down to the bottom of its short-term ascending channel. This coincides with the support of a long-term triangle consolidation pattern, so there may be plenty of buy orders here. But if price falls through, it could be indicative of sellers gaining the upper hand in the longer-run. Bitcoin price is back to the bottom of its rising channel and longer-term triangle, waiting for bulls to spur another bounce. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA on…

Bitcoin Cash Price Analysis: BCH/USD Turns South Towards $500

October 3, 2018 boss

Key Points Bitcoin cash price failed to break the $550 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is under pressure and it may continue to move down towards the $500 support. Bitcoin cash price failed near key resistances against the US Dollar. BCH/USD is heading south and there could be more losses towards the $500 level. Bitcoin Cash Price Analysis Yesterday,…

Coinbase Negotiation Could Value Crypto Exchange at $8 Billion

October 3, 2018 boss

San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion, technology news site Recode reports Oct. 2. Citing anonymous sources familiar with the matter, Recode states that Coinbase is in talks with Tiger Global and its shareholders regarding a possible $500 million investment. The sources reportedly said that Coinbase would add $250 million to its treasury, while another $250 billion could be slated for buying out existing investors. Tiger Global Management is an investment firm founded in 2011 that invests globally…

CEO of Blockchain Browser Brave Urges US Senate to Consider European Privacy Standards

October 3, 2018 boss

Brendan Eich, the CEO of decentralized browser Brave, has urged members of the U.S. senate to consider the General Data Protection Regulation (GDPR) as a regulatory model, according to a statement published Oct. 2. In an open letter dated Sept. 29, Eich called on members of the U.S. Senate Committee on Commerce, Science, and Transportation, to look to the GDPR as a model for American data privacy regulations. First proposed by the European Commission in 2012, the GDPR legal framework for personal data protection became effective in the European Union…

ShapeShift CEO Rebuts WSJ’s Bitcoin Bash — Crypto Community In Turmoil

October 3, 2018 boss

WSJ Bashes Crypto, Specifically ShapeShift, For Enabling Money Launders As per a previous Ethereum World News article, the cryptocurrency community fell under fire on Friday, as two reporters and journalists from the Wall Street Journal, one of the most ‘well-respected’ media outlets in the entire world, bashed crypto assets and the platforms backing it for reportedly facilitating “dirty money.” In the report, which sparked substantial amounts of controversy in and outside of the cryptosphere, the journalists claimed that at least $88.6 million had been laundered through crypto assets, with ShapeShift allegedly…

Joseph Lubin Invests in DrumG Technologies

October 3, 2018 boss

While ETH is up eight percent in the last week, volatility is low in lower time frames. ETH prices are stable in the daily chart but there is a strong ceiling at $250 popping bull attempts. As prices lack bullish support, the Austrian government is using Ethereum for auctioning their government bonds. Joseph Lubin in the meantime is investing $6.5 million in DrumG. Latest Ethereum News Joseph Lubin of ConsenSys is investing $6.5 million on a blockchain start-up, DrumG Technologies. It’s not about the money per say but about the…

Automated Trading Programs Manipulate Digital Currency Prices

October 3, 2018 boss

Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrency exchanges, according to a Wall Street Journal (WSJ) report October 2. Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by means of a computer at speeds greater than any human is able. Trading programs are available for traditional and crypto markets, and can be deployed for both legitimate and manipulative strategies. Addressing crypto markets,…