Day: October 11, 2018

Ripple Price Analysis: XRP/USD at Clear Risk of Further Declines

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Key Highlights Ripple price declined heavily and broke the $0.4280 and $0.4000 support levels against the US dollar. This week’s followed important bearish trend line played well with resistance at $0.4480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under a lot of pressure and it may continue to face sellers near $0.4280 and $0.4400. Ripple price nosedived into a bearish zone against the US Dollar and Bitcoin. XRP/USD may recover a few points, but upsides remain capped near $0.4280. Ripple Price Analysis…

Want to Meet Your Favorite Celeb? New Platform Backed By Jason Derulo Could Make it Happen

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A platform enabling celebrities to “cryptonize” their popularity on an exchange powered by blockchain, while giving fans the opportunity to connect and engage with their idols in new ways, has attracted the support of several prominent stars. GCOX recently announced that Jason Derulo – the American singer-songwriter who has sold more than 30 million singles, making him a mainstay on international charts – has joined its platform. In time, the company hopes he will be able to build upon his popularity even further, giving his global fanbase unprecedented access. In…

Ethereum Price Analysis: ETH/USD Down and Out Below Key Support

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Key Highlights ETH price declined sharply and broke the $220 and $214 support levels against the US Dollar. There was a break below a short-term bullish trend line with support at $222 on the hourly chart of ETH/USD (data feed via Kraken). The pair even broke the $200 support and traded as low as $193. Ethereum price declined and broke important supports against the US Dollar and bitcoin. ETH/USD could correct higher, but upsides could be capped near $208-209. Ethereum Price Analysis There were many rejections noted around the $226…

Zaif Crypto Exchange Reveals Takeover In New Hack Refund Plan

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Tech Bureau, the firm behind the Japanese crypto exchange Zaif, has revealed a drastic new plan to compensate users after a major hack last month. Tech Bureau said in a release Wednesday that it had signed an agreement with Fisco – a publicly listed investment firm in Japan – to transfer in full the Zaif business to Fisco’s existing cryptocurrency exchange. In return, the new owner will take on the responsibility for compensating users who lost funds in the breach. The two stated this approach would avoid further risks for Fisco and users…

Zaif Exchange Reveals Refund Plan for $60 Million Crypto Hack

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Tech Bureau, the firm behind the Japanese crypto exchange Zaif, has revealed a refund plan to compensate users after a $60 million hack that happened on the platform last month. Tech Bureau said on Wednesday in a release that it signed an agreement with Fisco – a publicly listed investment firm in Japan – to transfer the business of Zaif to Fisco Cryptocurrency Exchange. The two stated this approach would avoid further risks for Fisco and users on the platform. Zaif, currently one of the 16 licensed crypto exchanges in Japan,…

Bitcoin Cash Price Analysis: BCH/USD Nosedived Below $475

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Key Points Bitcoin cash price failed to bounce back and broke the $500 support against the US Dollar. There was a break below a declining channel with support at $495 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair declined sharply and broke the $475 and $460 support levels. Bitcoin cash price nosedived below key supports against the US Dollar. BCH/USD is currently under pressure as it turned sell on rallies near $470-475. Bitcoin Cash Price Analysis Yesterday, we saw how bitcoin cash price failed…

Bitcoin (BTC) Price Watch: Bulls on Defense After Breakdown

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Bitcoin Price Key Highlights Bitcoin price broke below its short-term consolidation to drop to the longer-term triangle bottom. A downside break from this area could lead to a drop to the lows around $5,800 or a continuation of the slide. Bulls still seem to be defending this floor so another bounce could be due, perhaps leading to another breakout attempt. Bitcoin price tumbled below a short-term consolidation pattern but buyers are defending the floor to signal that a bounce is possible. Technical Indicators Signals The 100 SMA is still above…

Crypto Markets See Sharp Drop-Off on the Day, Bitcoin Dips Below $6,300

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Wednesday, Oct. 10: Crypto markets have suffered a sharp decline within an hour, with Bitcoin (BTC) plunging below the $6,300 threshold, and the top altcoin Ethereum (ETH) nearly touching $200. According to CoinMarketCap, virtually all the top 100 cryptocurrencies by market cap have suffered major declines at press time, with 19 out of the 20 top coins by market cap seeing significant losses over the past 24 hours. Market visualization from Coin360 After surging above $6,600 on Oct. 8, Bitcoin dipped below $6,300 today. The major cryptocurrency has dropped to…

Crypto Exchange YoBit Starts Pump Scheme on Random Coins

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Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. 10 tweet. A pump and dump scheme is a form of fraud that attempts to artificially boost the price of an asset through misleading or false recommendations. YoBit Pump in 22 hrs: https://t.co/RIbW7OhKzMWe will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount – 10 btc). — Yobit.Net (@YobitExchange) October 10, 2018 In addition to announcing the pump scheme in a tweet, the exchange posted a countdown…

Successful ViaBTC’s ICO is Very Bullish for BCH

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ViaBTC demonstration that it’s possible for startups to raise funds on the Bitcoin Cash blockchain is very bullish for BCH investors. Complementing this is Roger Ver’s solid plan of setting up a “high liquid exchange with BCH as base”. This and other fundamental development means our previous Bitcoin Cash trade plan is valid. In that case we recommend risk-off, aggressive traders to load up at spot and trade in the direction of Sep 27 with stops just below Aug 14 lows at $470. Latest Bitcoin Cash News Roger Ver or…