Day: November 11, 2018

Blockchain Advocates Storm Governors’ Mansions and Retain House Seats in US Midterm Elections

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Every four years in November, about halfway into each presidential term, voters in the US head to the polls to fill 36 state governor seats, all 435 seats in the U.S. House of Representatives, and about one-third of the 100 US Senate offices. Widely considered a referendum on a sitting president, midterm elections often produce power shifts in Congress, especially if the head of the executive and his party are not particularly impressive early in the term. This time, Democrats were full of hopes to summon a ‘Blue Wave’ and…

Crypto Markets See Mixed Signals After Recent Downturn

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Sunday, Nov. 8: crypto markets are seeing mixed signals after a recent downturn, with the top 20 cryptocurrencies mostly in the green, as data from Coin360 shows. Bitcoin (BTC) faces minor losses, while Stellar (XLM) is the only major coin to grow steadily throughout the weekend. Market visualization from Coin360 Similar to most of the major currencies, Bitcoin (BTC) is seeing mixed signals with its price fluctuating around $6,400 as of press time. During this week, the top cryptocurrency had its main peak on Wednesday, Nov. 7, trading over $6,500…

A 7-Year Legal Fight Led This Dev to Build Unstoppable Ethereum Storage

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“If you build it strong enough, the law will follow.” That’s how Daniel Nagy, the leading developer behind Swarm – ethereum’s decentralized storage-layer – described his “takeaway lesson” after a seven-year legal battle over the hosting a file-sharing node. A precursor to peer-to-peer file sharing service, Bittorrent, Nagy was running a DC node, a technology that is now “perfectly and completely obsolete,” according to the developer. “I had a bit of a legal fight over it and I won,” he told CoinDesk. In the aftermath of that fight, Nagy – who…

SEC Fines EtherDelta, Binance To Attract Institutions

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The crypto market may have stagnated, but this industry’s innovators have continued to incessantly beat the “BUIDL” drum, as pro-crypto developments were as present as ever throughout the past week. Crypto-Friendly Governors Elected In Colorado, California To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm results have rolled in, the ears of cryptocurrency enthusiasts have metaphorically perked, as it was revealed that two pro-Bitcoin/crypto politicians have been sworn into office in the nation’s…

Low Interest from Institutional Investors Impedes Wall Street Crypto March

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Revolut founder Nikolay Storonsky presents some facts as to how BTC trading volumes have dropped sharply and why the recovery won’t arrive anytime soon. Well, in the last few months, there were several stories of an increase in institutional penetration in the crypto market. Last month in early October, a Bloomberg report cited Bobby Cho, global head of trading at Cumberland, affirming to this. Cho told Bloomberg that bigger hedge funds are now replacing high-net individuals in the crypto market. Much recently, Morgan Stanley’s research arm presented a report of its observation for…

A Low Interest from Institutional Investors Impedes Wall Street Crypto March

boss

Well, in the last few months, there were several stories of an increase in institutional penetration in the crypto market. Last month in early October, a Bloomberg report cited Bobby Cho, global head of trading at Cumberland, affirming to this. Cho told Bloomberg that bigger hedge funds are now replacing high-net individuals in the crypto market. Much recently, Morgan Stanley’s research arm presented a report of its observation for growing institutional participation. Bitcoin bull Mike Novogratz has stated several times that there can be a huge inrush of institutional money flowing into the crypto…

South Korea’s Zeniex Closes Amid Government Crackdown on Unauthorized Crypto Exchanges

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South Korea’s cryptocurrency exchange Zeniex will soon terminate its services due to a recent government crackdown on unauthorized platforms, a post by Zeniex reveals Friday, Nov. 9. The crypto exchange, a joint project by South Korea and China which opened May 2018, states in the post that due to “recent issues,” they have “come to the conclusion that continuing to operate such a service will be difficult.” While crypto trading has already stopped on Nov. 9, all other services will be stopped on Nov. 23. Zeniex customers are asked to…

Bitcoin Price Weekly Analysis: BTC/USD Remains At Risk Below $6,300

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Key Points Bitcoin price started a downside correction after climbing as high as $6,554 against the US Dollar. There was a break below a major bullish trend line with support at $6,420 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $6,300 support area in the near term. Bitcoin price is under pressure below $6,400 against the US Dollar. BTC/USD could decline towards $6,280 or $6,250 if sellers remain in control. Bitcoin Price Analysis This…

Ethereum Price Weekly Analysis: ETH/USD Could Bounce Back To $220

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Key Highlights ETH price corrected lower sharply after trading above the $222 level against the US Dollar. There is a key bullish trend line in place with support at $208 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to move higher as long as it is above the $208 and $206 support levels. Ethereum price is consolidating recent losses versus the US Dollar and Bitcoin. ETH/USD may perhaps climb higher above $220 if it stays above the $206 support. Ethereum Price Analysis This past…

Bitcoin Cash Price Weekly Analysis: BCH/USD Could Extend Losses Below $520

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Key Points Bitcoin cash price started a major downside correction from the $635 swing high against the US Dollar. There is a key bearish trend line in place with resistance at $550 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading in a bearish zone with an immediate support near the $530 level. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could continue to move down towards the $500 or $480 level. Bitcoin Cash Price Analysis This…