October 25, 2018

Ethereum Classic Price Analysis: ETC/USD Turned Sell on Rallies

October 25, 2018 boss

Key Highlights Ethereum classic price failed once again near the $10.00 resistance and declined against the US dollar. This week’s followed important ascending channel formed was breached with support at $9.65 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently trading below the key support at $9.80, which is a bearish sign. Ethereum classic price failed to hold gains against the US Dollar and Bitcoin. ETC/USD is currently trading in a bearish zone below the $9.60 support. Ethereum Classic Price Analysis Recently, we…

Ripple (XRP) Price Watch: Inverted Head and Shoulders

October 25, 2018 boss

Ripple Price Key Highlights Ripple might be done with its slide as it forms an inverted head and shoulders reversal pattern on its 4-hour chart. A break above the neckline could confirm that an uptrend of the same height as the chart formation might be in the works. However, technical indicators are still reflecting the presence of selling pressure. Ripple might be due for a reversal from its slide as an inverted head and shoulders can be seen on the 4-hour time frame. Technical Indicators Signals The 100 SMA is…

Australian Stock Exchange to Roll out Blockchain Settlements in 2021

October 25, 2018 boss

Australia’s leading market operator, ASX Limited disclosed plans being put in place to release blockchain technology for settlements in 2021. The company, however, does not feel overwhelmed by the deja-vu that has trailed the nascent technology, according to a Bloomberg report. ASX Limited has subscribed to the Clearing House Electronic Subregister System (CHESS) over the years but is now ready to replace it with the more novel and innovative blockchain, a digitized, decentralized and distributed ledger technology. The overhauling is part of the exchange’s upgrade which deputy chief executive officer…

How Bitcoin (BTC) is 10,000 Times More Efficient Than Banks

October 25, 2018 boss

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities. We had briefly mentioned that the total energy consumption from banking operations and the process of printing/minting money, probably eclipsed that of BTC by a large percentage. By guesstimating the amount of…

Ethereum Price Analysis: ETH/USD Extends Consolidation Near $200

October 25, 2018 boss

Key Highlights ETH price failed to move above the $203 resistance and declined recently against the US Dollar. There is a new bearish trend line formed with resistance at $201 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside near the $196 and $197 levels. Ethereum price declined towards the range low against the US Dollar and bitcoin. ETH/USD could drop further towards the $197 support level. Ethereum Price Analysis Yesterday, we saw a nice upside move above the $200 level in…

Japan’s Financial Regulator Mulls Cap on Cryptocurrency Margin Trading

October 25, 2018 boss

Japan’s Financial Services Agency (FSA) is weighing a plan to put a cap on the leverage in cryptocurrency margin trading in a move that is set to curb speculation and market risks. According to a news report from Nikkei on Thursday, the financial market regulator is considering limiting crypto margin traders’ borrowing power to two to four times of their deposits. Currently, there’s no regulation specifically governing the cryptocurrency margin trading space in Japan, the report added, with exchanges offering as much as 25 times of borrowing power. That means users…

Bitcoin (BTC) Price Watch: Bears Refusing to Let Up

October 25, 2018 boss

Bitcoin Price Key Highlights Bitcoin price recently tumbled below a short-term rising trend line but might be due for a pullback. Applying the Fib retracement tool on the latest swing high and low shows the levels where more sellers might be waiting. However, technical indicators are giving mixed signals on whether the slide could resume or not. Bitcoin price fell through a short-term support zone and might be due for a pullback before heading further south. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate…

Ripple Price Analysis: XRP/USD Approaching Buy Zone Near $0.4450

October 25, 2018 boss

Key Highlights Ripple price started a downside correction after trading towards the $0.4740 level against the US dollar. There is a short term declining channel in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to find a decent support near the $0.4460 and $0.4425 levels in the near term. Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD may soon test the key supports above the $0.4400 level. Ripple Price Analysis Yesterday, we saw…

A Decentralized Bitcoin Exchange That’s Almost Decentralized

October 25, 2018 boss

Of all the cryptocurrency projects describing themselves as “decentralized exchanges” (DEXs), Bisq may live up to the description better than most. Operating since 2017, when it was originally called Bitsquare, the Bisq DEX runs directly on the user’s computer, rather than a hosted site, as many of the self-described DEXs currently do. And while DEXs like Airswap and Everbloom are operated by startups, Bisq is a strictly open source project developed by a grassroots collective. However, the team behind Bisq recognizes it has more to do to eliminate single points…

A Decentralized Bitcoin Exchange That’s Almost Decentralized

October 25, 2018 boss