Day: November 5, 2018

Ripple Price Analysis: XRP/USD Buyers In Control Above $0.4540

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Key Highlights Ripple price traded further higher and broke the $.0.4600 resistance area against the US dollar. There was a break above a declining channel with resistance at $0.4535 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as high as $0.4755 and it is currently correcting lower. Ripple price is gaining bullish momentum against the US Dollar and Bitcoin. XRP/USD remains well supported on dips near the $0.4540 level. Ripple Price Analysis Recently, there was a decent support base formed near the $0.4470…

IOTA Announces Ledger Wallet Compatibility

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Twitter Facebook LinkedIn Cryptocurrency IOTA announced compatibility with popular hardware wallet Ledger today.  IOTA coin holders will be able to store their coins (MIOTA) on the ledger Nano S device. Details According to a release on IOTA’s blog, “[t]he Ledger hardware wallets integrate with the IOTA Trinity and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone, providing another layer of security from hackers”. Ledger CEO Eric Larchevêque explained in IOTA’s blog release, that “[p]roviding the highest level of security and quality is…

Ethereum Energy Project Now Powers 700 Households in 10 Cities

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A little-known ethereum project called Lition is quietly helping real German citizens find cheaper energy. Launched earlier this year, Lition is already a licensed energy supplier in Germany with clients in 12 major cities (including Berlin, Hamburg and Munich) who are now using its decentralized energy market. Built on top of the ethereum blockchain, the Lition market connects consumers directly with energy producers big and small. In total, more than 700 households across Germany are now using the decentralized platform to buy their energy, according to the company. In short,…

Ethereum Price Analysis: ETH/USD Struggling To Hold Gains Above $210

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Key Highlights ETH price gained traction recently and rallied above $212 against the US Dollar. There are two connecting bullish trend lines formed with support at $206 and $204 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to stay above the $210 level and it could test the $204 support. Ethereum price is showing positive signs against the US Dollar and bitcoin. ETH/USD may correct lower in the short term towards $206 or $204. Ethereum Price Analysis There was a solid support base formed…

Bitcoin Cash Price Analysis: BCH/USD Remains Buy on Dips

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Key Points Bitcoin cash price climbed higher recently and broke the $550 resistance against the US Dollar. There is a major bullish trend line formed with support at $522 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could correct further lower, but it is likely to find bids near $520 in the near term. Bitcoin cash price rallied recently above $500 against the US Dollar. BCH/USD is now in an uptrend and dips remain supported on the downside. Bitcoin Cash Price Analysis In the…

PBoC Looks to Tackle Airdrop Tokens Market in New Clampdown

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The People’s Bank of China (PBoC), the country’s central bank, is looking to clamp down on airdrops – free distributions of crypto tokens. In its financial stability report for 2018, released on Friday, the PBoC said that “disguised” initial coin offerings (ICOs) including airdrops continue to grow in number, despite its previous efforts at cracking down on sales of tokens. For instance, it said, some crypto firms are moving their projects overseas and using agents to invest on behalf of investors from China. Other projects are not issuing tokens in public…

LTC/USD Top Performer as XLM Inch Higher

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The altcoin market is back to green with LTC/USD adding six percent in the last 24 hours. At the same time, Stellar trade volumes are quite high as the market remain expectant of a probable listing at CoinBase after BAT expected support. All in all, we expect gains to continue throughout this week. Let’s have a look at these charts: EOS Price Analysis It seems like the events around Bitcoin Cash software upgrade is lifting prices across the board. From the charts, EOS is up roughly three percent in the…

Fate of Nine Bitcoin ETFs to Be Decided After Today

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Encouragingly, the market is bullish and Bitcoin is up printing a three-bar reversal pattern as participants reject lower lows. We expect the recovery to continue this week as the SEC is set to announce the fate of nine Bitcoin ETF as the commenting period concludes today. Should these proposals be compliant with SEC stringent requirements then BTC/USD price could erupt above $7,200 closing the year on a high. Latest Bitcoin News Endorsement by the US SEC is always a boost for any crypto asset. Any unfavorable assessment or comment in…

Dash Launches Text-Based Crypto Payment Service in Venezuela

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Twitter Facebook LinkedIn Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, as it builds on its already strong presence in the crypto dependent country. In an announcement released this week, the company said that Dash Text eliminates the need for Venezuelan users to possess smartphones and internet access to carry out crypto transactions, which has historically been a significant barrier to adoption in the impoverished country suffering from hyperinflation. Driven by several months of hyperinflation which have rendered the bolivar…

Miners Have Begun Using Asicboost on the Bitcoin Cash Network

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On Oct. 22, Bitmain released new firmware for the company’s Antminer mining rigs that enables the use of an optimization known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining pools have been using the protocol and 63 Asicboost blocks were mined last week on the network. Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps Six BCH Pools Are Mining Bitcoin Cash With Overt Asicboost Technology The Asicboost optimization has been steadily making its way into the mining industry and now the protocol is being used…