Day: November 29, 2018

Ripple Price Analysis: XRP/USD Following Bullish Path Above $0.3600

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Key Highlights Ripple price gained traction and settled above the $0.3600 support area against the US dollar. There is a key ascending channel in place with support at $0.3600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could dip a few points, but it remains supported near $0.3600 and $0.3680. Ripple price climbed higher recently against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near $0.3600 and it could bounce back in the short term. Ripple Price Analysis Yesterday, we…

Ethereum Blockchain: $510M In Binance Coin (BNB) Moved For Cents

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76% Of Binance Coin (BNB) Moved For $0.03 On Wednesday night, Whale Alert, a popular crypto wallet tracking Twitter handle, started to record a number of multi-million dollar transactions in quick succession. While the transactions, which were mainly ERC-20 token transfers, seemed normal at first, as the social media channel continued to tweet incessantly, it became apparent that something was amok. After multi-million dollar transfers of 0x (ZRX), BNT, WTC, Whale Alert reported that 98,776,172 Binance Coin (BNB), nearly all of the asset’s circulating supply, was transferred out of Binance to…

Crypto Platform Reveals ‘Premium’ Hardware Wallet in Sleek Video

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A platform which aims to demystify crypto and bring it to the masses through a suite of blockchain-driven financial services has launched its latest product: a hardware wallet that combines “institutional-grade security with a consumer-friendly user experience, beautiful design and premium materials.” In a promotional video not dissimilar from the sleek ads released by tech giants such as Apple, Coinvest unveiled the Coinvest Vault – which is designed for storing digital assets. The company says the hardware wallet provides a “one-of-a-kind security architecture” and supports the transfer of hundreds of…

South Korea to Test Blockchain-based Voting Prior to Integration with Online Voting

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Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Blockchain voting could soon be a reality in South Korea if the trial on a system based on distributed ledger technology turns out successfully. According to The Korea Times, the development of the blockchain-based voting system will be completed in December. The system which is the brainchild of South Korea’s National Election Commission and the Ministry of Science and ICT is aimed at enhancing the security…

Bitcoin Cash Price Analysis: BCH/USD Approaching Next Break

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Key Points Bitcoin cash price failed to break the $195 and $198 resistance levels against the US Dollar. There is a crucial contracting triangle forming with resistance near $198 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to make the next move either above $198 or below $175 in the near term. Bitcoin cash price is struggling to clear the $200 hurdle against the US Dollar. BCH/USD is approaching the next break either above $198-200 or towards $165. Bitcoin Cash Price Analysis…

Time to Bring Cryptocurrencies to Real Economy

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Bitcoin just celebrated its 10th anniversary with a very dramatic price drop! In one day, it lost more than 10% of its value. Similar drops have happened with the other respectable cryptocurrencies like Ethereum, Ripple, Litecoin. This is not the first dramatic price drop, and obviously, will not be the last. Cryptocurrencies became wildly popular as a dream of enthusiasts wanting to create a new economy free of taxes, states’ control and the grip of financial institutions.  But those utopian dreams have now turned into pure gambling; The only value…

Ethereum Price Analysis: ETH/USD Turned Buy on Dips Near $112

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Key Highlights ETH price climbed above $120 and traded towards the $125 resistance level against the US Dollar. There was a break below a connecting bullish trend line with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $112 level and the 100 hourly SMA. Ethereum price climbed higher recently against the US Dollar and bitcoin. ETH/USD topped near $125 and later started a downside correction. Ethereum Price Analysis Recently, there was a positive break above…

Cardano, EOS, Stellar Lumens, IOTA, Litecoin Price Analysis

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Despite a moral boosting altcoin recovery, most are yet to print above minor resistance levels—Litecoin, IOTA while other are still lagging—EOS and bearish. As laid out in previous trade plans, we shall only initiate positions—like in Cardano (ADA/USD) since they have a bull backing—high volumes wide trade range—once our trading conditions are true. Let’s have a look at these charts: EOS Price Analysis     Understandably, yesterday’s 10 percent surge could be a source of excitement. It should be. But, a look at the charts point to other things—that EOS/USD…

Bitcoin (BTC) Surges Above $4,000, Analyst Cries “Dead Cat Bounce”

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Crypto Buying Volume Booms, Bitcoin Heads Above $4,000 After a near non-stop bout of selling pressure, on Tuesday, after a seeming shift in the crypto-related news cycle, Bitcoin and its altcoin brethren unexpectedly underwent a positive price influx. And after a day of buy-side action, the aggregate value of all crypto assets has risen to $135 billion, 15% higher than the $115 billion year-to-date low seen on Sunday. Crypto’s most recent rebound, which sent BTC from $3,800 to a daily high at $4,375 (~11% gain), came alongside $20 billion in…

Bitcoin (BTC) Surges Above $4,000, Analyst Cries “Dead Cat Bounce”

boss

Crypto Buying Volume Booms, Bitcoin Heads Above $4,000 After a near non-stop bout of selling pressure, on Tuesday, after a seeming shift in the crypto-related news cycle, Bitcoin and its altcoin brethren unexpectedly underwent a positive price influx. And after a day of buy-side action, the aggregate value of all crypto assets has risen to $135 billion, 15% higher than the $115 billion year-to-date low seen on Sunday. Crypto’s most recent rebound, which sent BTC from $3,800 to a daily high at $4,375 (~11% gain), came alongside $20 billion in…