Day: December 4, 2018

Ethereum Price Analysis: ETH/USD’s Upside Capped Near $114-115

boss

Key Highlights ETH price failed to stay above the key $109 support and declined recently against the US Dollar. Yesterday’s highlighted important bearish trend line is intact with resistance at $114 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but upsides remain capped near $112 and $114. Ethereum price fell further against the US Dollar and bitcoin. ETH/USD could continue to move down and it may even test the $102 support zone. Ethereum Price Analysis Yesterday, we discussed a…

Thailand Revenue Department to Track VAT Payments using Blockchain

boss

In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So could blockchain be the solution that could minimize tax frauds? The director-general of the Revenue Department believes it can. Ekniti Nitithanprapas, in his latest comments to the Bangkok Post, revealed that their department is conducting a…

Ripple Price Analysis: XRP/USD At Risk Of More Declines

boss

Key Highlights Ripple price failed to recover above the $0.3600 resistance level and declined against the US dollar. There is a major bearish trend line formed with resistance at $0.3550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently at a risk of a downside break below the $0.3400 and $0.3300 support levels. Ripple price remains in a bearish zone against the US Dollar and Bitcoin. XRP/USD could accelerate declines if sellers push the price below $0.3400. Ripple Price Analysis Yesterday, we discussed…

Network of Self-Service Kiosks Will Allow Public to Pay Bills and Make Purchases in Crypto

boss

A blockchain-based company has unveiled plans to roll out a global network of self-service kiosks — enabling millions of unbanked people around the world to pay bills, make purchases and access other financial services. KIBIS says a plethora of services are available through its kiosks. Consumers can pay for gas, water and electricity, book airline tickets and check flight details, subscribe to TV subscription services such as Amazon Prime and Netflix, and buy prepaid vouchers for themselves or loved ones. The payment method accepted by the self-service kiosks will be…

Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150

boss

Key Points Bitcoin cash price broke the $170 and $165 support levels plus extended losses against the US Dollar. There is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a lot of pressure and it could decline further below $150. Bitcoin cash price faced an increased selling pressure below $175 against the US Dollar. BCH/USD could even break the $150 support level and trade towards $130. Bitcoin Cash Price Analysis After…

Stellar Lumens, EOS, Litecoin, Cardano and Tron Price Analysis

boss

Despite a spike in blockchain activity, EOS prices are yet to recover. The coin is actually the worst performer in the top 10 dropping 12 percent in the last day. However, the trend is uniform across the board with losses visible in Litecoin, Stellar Lumens and one of last week’s top performer, Tron. Nonetheless, we expect prices to bounce back and every low is technically a buy opportunity. Let’s have a look at these charts: EOS Price Analysis Once again, EOS on-chain activities is on overdrive recording 44,780,217 transactions at…

Prominent Analyst: Crypto “Very Close” To Finding Bitcoin (BTC) Bottom

boss

Crypto Analyst: Bitcoin Cash Hard Fork, Regulatory Qualms Have Been Bearish Catalysts  Naeem Alsam, a crypto-friendly contributor to Forbes and the Chief Market Analyst at ThinkMarkets, recently sat down with CoinTelegraph in the outlet’s “Time To Buy Bitcoin [BTC]?” exclusive to discuss his opinions on the market, and where BTC could potentially bottom. Alsam, echoing analysis done by a multitude of crypto insiders in recent weeks, did his best to discern what was the root cause for the chaos seen in the Bitcoin seas, which has seen BTC fold by…

Prominent Analyst: Crypto “Very Close” To Finding Bitcoin (BTC) Bottom

boss

Crypto Analyst: Bitcoin Cash Hard Fork, Regulatory Qualms Have Been Bearish Catalysts  Naeem Alsam, a crypto-friendly contributor to Forbes and the Chief Market Analyst at ThinkMarkets, recently sat down with CoinTelegraph in the outlet’s “Time To Buy Bitcoin [BTC]?” exclusive to discuss his opinions on the market, and where BTC could potentially bottom. Alsam, echoing analysis done by a multitude of crypto insiders in recent weeks, did his best to discern what was the root cause for the chaos seen in the Bitcoin seas, which has seen BTC fold by…

ETH/USD Price Risk Dropping Below $100

boss

Latest Ethereum News To mark the 558th of “Dies Academicus”, the University of Basel–which is one of the oldest universities in the world boosting alumni as Leonhard Euler, Daniel Bernoulli and Friedrich Miescher did award the co-Founder of Ethereum, Vitalik Buterin, with a Honorary Doctorate in Economics for “his contribution to promoting decentralization and equal participation in the digital revolution, as well as for his services on cryptocurrencies, smart contracts, and institutional design”. Read: McAfee Unfazed After SEC Says Promoting ICO Without Disclosing Pay is Fraud The Department of economics…

Fundamentals Diverge From Price, Positive for Bitcoin Bulls

boss

Fundamentals are extremely bullish and with regulators amending/formulating new laws, it’s clear that Bitcoin is here to stay. That could explain the increasing level of use, institutional interest and more funds for infrastructure development. Latest Bitcoin News Thing is, poor policies can cause irreparable damage for an economy. Unfortunately, then ordinary citizens bore the full brunt but not anymore. Crypto and specifically Bitcoin continue to be a safe haven for many. Drawing from what’s happening in Venezuela and how citizens are shifting their value to a global coin that is…