Day: October 15, 2018

Bitcoin (BTC) Price Watch: Bulls Defend Triangle Bottom Again

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Bitcoin Price Key Highlights Bitcoin price tumbled down to the bottom of its long-term triangle but bulls keep buying on dips. Support continues to hold so another test of the resistance at $6,600 could take place. Technical indicators, however, are giving mixed signals on whether support might keep holding or not. Bitcoin price has bounced off the bottom of its triangle once more and is setting its sights on the top. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA on the daily time frame to…

Trouble Brew in Cardano as Tron Outperforms other Altcoins

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Of all the coins under review, Tron is a top performer adding two percent in the last day. Regardless, sellers are in control. As a result, at spot prices, EOS, Litecoin, Stellar Lumens and Cardano traders should be shorting on every high in lower time frames. Reasonable stops should be at recent highs with first targets in line with our altcoins price analysis. Let’s have a look at these charts: EOS Price Analysis Days after backing use of Credit cards, Jimmy Song, a Bitcoin developer and educator said EOS is…

Centralization of Mining Pools open Up New Attack Vectors

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After losing four percent in the last week mostly compounded by strong losses of Oct 11, sellers are in control. This view is regardless of our expectations of higher highs in the aftermath of deflating dips of last week. Despite this, we recommend aggressive traders to short at spot prices. However, risk-averse traders can take a neutral stand until after there are losses below $6,000. Latest Bitcoin News A new joint study between Princeton University and Florida International University is reaffirming the obvious. That the Chinese is dominating the Bitcoin…

Ethereum’s Constantinople Hard Fork Faces ‘Consensus Issue’ in Testing

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An alleged “consensus issue” in the testing of a planned hard fork of Ethereum, called Constantinople, has caused a testnet to be “not usable,” according to a tweet from Ethereum blockchain infrastructure firm Infura October 13. Infura’s tweet also advises developers to use other testing networks while the Ethereum developer community is “investigating” the issue. As reported by multiple Ethereum developers the hard fork became active on the Ropsten testnet Oct. 13 at block 4,230,000. However, the testing reportedly caused a “consensus issue on ropsten,” which led Ethereum developer Afri…

Ethereum (ETH) Founder Claims He is Not a Billionaire-Should We Care?

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Ethereum (ETH)–On October 11, the crypto space erupted in a relative civil war over a series of tweets by Ethereum founder and regulator cryptocurrency figurehead Vitalik Buterin. Buterin, in response to accusations over the amount of Ether he held personally which would propel him to billionaire status, vehemently defended his position as one of the wealth–but not quite billionaire figures in crypto. According to Buterin, who has been one of the most outspoken and steadfast figures in all of cryptocurrency, not just in support of the second largest cryptocurrency by…

Bitcoin (BTC), Ethereum (ETH), XRP ATMs Launch In India To Bypass RBI Ban

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India’s RBI Cracks Down On Crypto Exchanges  As reported by Ethereum World News previously, despite India’s willingness to accept blockchain technologies, the Reserve Bank of India (RBI) enacted measures to curb banking relationships with local crypto exchanges in April. Once the ban went into effect in July, all crypto platforms in the Asian country lost access to banking services, which disallowed these startups from accepting Indian Rupee deposits or withdrawals. Of course, as you would expect, the crypto community at large was outraged with this move, leading India’s Supreme Court…