Day: December 3, 2018

Bitcoin Price Analysis: BTC/USD Trends of December 3–9, 2018

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Key Highlights: Consolidation is ongoing on the Bitcoin market; break out is imminent; traders should remain flat. BTC/USD Long-term Trend: Ranging Distribution Territories: $4,447, $5,084, $5,667Accumulation Territories: $3,949, $3,652, $3,450Ranging movement in the Bitcoin market on the long-term outlook; on the daily chart above BTC price is consolidating between the key distribution territories of $4,447 and an accumulation territory of $3,949. After BTC price pulled back from the accumulation territory of $3,652, the bulls lost the pressure and could not break the distribution territory of $4,447. Bitcoin price remains bearish…

Cardano Price Analysis: ADA/USD Remains Supported Above $0.035

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Key Highlights ADA price topped near the $0.0440 level and later corrected lower against the US Dollar (tethered). There is a major breakout pattern in place with resistance at $0.0430 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could dip in the short term, but it remains supported near $0.0395 and $0.0378. Cardano price is holding gains against the US Dollar and Bitcoin. ADA/USD musts stay above $0.0370 and $0.0350 for a fresh upward move in the near term. Cardano Price Analysis There were…

McAfee Unfazed After SEC Says Promoting ICO Without Disclosing Pay is Fraud

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The impassioned crypto community on Twitter, specifically prominent commentators and analysts, took up arms over the weekend, as the U.S. Securities and Exchange Commission (SEC)’s indictment of DJ Khaled and Floyd Mayweather became an industry flavor of the month. But why? SEC Fines DJ Khaled, Floyd Mayweather In ICO Ruling Per previous reports from NewsBTC, last week, the SEC kicked the initial coin offering (ICO) subset of crypto assets while it was already writhing, name-dropping DJ Khaled and Floyd Mayweather, two hotshot celebrities with jaw-dropping social media followings, in a crypto-related case. The American…

GDPR Uncertainty a Key Concern of 74% of Blockchain Firms in the UK: Report

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Regulatory uncertainty in Britain’s blockchain sector has emerged as one of the biggest concerns for distributed ledger technology firms in the country. According to research conducted by digital innovation agency Digital Catapult, 74% of blockchain firms in the United Kingdom cited regulatory issues as being one of their key concerns, surpassing other issues such as access to technical, business or legal expertise. These regulatory challenges include the European Union’s General Data Protection Regulation (GDPR). As the GDPR unifies Europe’s regulatory landscape regarding the use and storage of personal data, the…

Ripple Price Analysis: XRP/USD Could Extend Decline To $0.3300

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Key Highlights Ripple price formed a high near the $0.4000 level and later declined against the US dollar. There was a break below a major connecting bullish trend line with support at $0.3610 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it could decline towards the $0.3380 or 0.3300 support. Ripple price started a downside correction against the US Dollar and Bitcoin. XRP/USD may continue to correct lower towards the $0.3300 support in the near term. Ripple Price Analysis…

Ethereum Price Analysis: ETH/USD Grinding Lower Below $110

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Key Highlights ETH price found resistance near the $119-120 zone recently and declined against the US Dollar. There is a major bearish trend line in place with resistance at $116 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to decline further below $110 as long as the price is below $116 and $120. Ethereum price remains in a bearish zone against the US Dollar and bitcoin. ETH/USD could test the $105 support area if sellers remain in action below $116. Ethereum Price Analysis After…

Bitcoin Cash Price Analysis: BCH/USD Under Pressure Below $180

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Key Points Bitcoin cash price failed to trade above $175-180 and declined sharply against the US Dollar. There are two key bearish trend lines formed with resistance near $175 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near the $165 support and it could tumble towards $150 in the near term. Bitcoin cash price struggled to hold gains above $180 against the US Dollar. BCH/USD is under pressure and it looks set to clear the $160 and $150 support levels. Bitcoin…

Litecoin Prices Ready to Bounce Back After 11 Months of Bleeding

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After 11 months of lower lows, Litecoin, Monero, Stellar Lumens and Cardano prices are ripe for recovery mostly thanks to last week’s price stability and the general expectation in the market. Regardless, we shall maintain a bearish stance despite incoming streams of supportive fundamentals changing this position once there are gains above key resistance levels. Let’s have a look at these charts: EOS Price Analysis Days after Dan Larimer, the CTO at Block One—the publishers of EOSIO blockchain, announced his plans to explore, EOS has been under pressure. So far,…

Will the US SEC Comment on the Status of Ripple Token?

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Latest Ripple News From recent events, the US SEC is definitely alert and “hunting”. Days after news emerge that the regulator had settled with Floyd Mayweather and DJ Khalid for promoting a security token, the regulator tried to issue a preliminary injunction against Blockvest. Read: FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud However, their efforts were thwarted by a San Diego Judge, Gonzalo Curiel, who ruled after a series of court hearings and supporting documentations from both the coin issuer—Blockvest and the SEC—who sought to freeze assets and…

Top Coins Are Shaky, But Bitcoin Still Holds $4,000 Mark

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Sunday, Dec. 2: the top 20 cryptocurrencies are mostly in the red, according to data from Coin360, after a modest recovery yesterday, Dec. 1. Despite the mild losses, Bitcoin (BTC) is still holding just above the $4,000 mark. Market visualization from Coin360 According to data by CoinMarketCap, Bitcoin is in the red, steadily descending below the $4,100 mark, down almost 4 percent on the day to press time. However, the leading cryptocurrency has been relatively stable throughout the weekend in comparison to Friday, Nov. 30, when it dipped below $4,000…