Day: December 20, 2018

Bitcoin Price Rebounds to Two-Week Highs Above $4K

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Bitcoin’s (BTC) relief rally gathered pace on Thursday, pushing prices to two-week highs above the psychological hurdle of $4,000. The cryptocurrency rose to a high of $4,067 at 09:06 UTC – a level last seen on Dec. 4 – according to CoinDesk’s Bitcoin Price Index (BPI). Its market capitalization also hit a two-week high of $70 billion. At press time, the world’s largest cryptocurrency by market capitalization was trading at $4,000 – up 28 percent from the 15-month low of $3,122 reached earlier this week. The recovery rally was overdue as…

Vitalik Buterin Donates $300K in Crypto in a Bid to Push Ethereum 2.0 Development

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Photo: Unsplash The genius creator of Ethereum has donated 3000 ETH worth over $300,000 to developers to focus on scaling solutions for Ethereum 2.0. He donated 1,000 ETH grants to three projects: Prysmatic Labs, ChainSafe Systems and Sigma Prime. Prysmatic Labs is working on the sharding client for Ethereum 2.0 whereas Sigma Prime is working on an Ethereum 2.0 client named Lighthouse. Chainsafe systems are also focused on the research and development for Ethereum 2.0. The conversation began when Ryan Sean Adams tweeted about a statement from Fred Wilson –…

Blockchain Technology and the Quest to Transform the Travel Industry

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The year 2018 hasn’t particularly been the best year for cryptocurrencies, as the bear market had eroded value in almost every digital asset out there. However, while cryptocurrencies aren’t having the best of times, blockchain technology has managed to stay relevant, with organizations and governments coming out with ways through which they can use blockchain as a tool for growth and advancement. One particular sector that has witnessed a tremendous use of the nascent technology has been the travel industry, where even airports have adopted the use of cryptocurrencies as…

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Upside

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Key Points Bitcoin price traded above the $3,900 resistance and later corrected lower against the US Dollar. There is a short term contracting triangle formed with support at $3,680 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could extend the current correction towards the $3,580 support before a fresh upward move. Bitcoin price traded further above $3,900 before correcting lower against the US Dollar. BTC might test the $3,580 support where buyers are likely to emerge. Bitcoin Price Analysis Yesterday, we discussed the chances…

World’s First Regulated Blockchain Real Estate Crowdsale Platform Launched in Switzerland

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blockimmo Tokenized assets are here to stay. The current race is about who can get regulated products to the market first and then who can successfully gain user adoption. While several projects have purported to tokenize real estate assets, blockimmo is the first to do it within the bounds of existing regulations in two jurisdictions. The blockimmo platform launched recently with two test properties, but they intend to have actual real estate listed in the beginning of 2019. The way blockimmo works is a real estate seller lists the property…

Crypto Market Update: Stratis (STRAT), Stellar (XLM), Bitcoin Cash, ADA Price Analysis

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Key Points The total crypto market cap spiked towards $125.00B before correcting lower. Stratis (STRAT) rallied more than 40% and traded above the $1.30 resistance. Bitcoin cash surged higher and broke the $120 and $128 resistance levels. Stellar (XLM) price traded above the $0.1250 resistance before correcting lower. Cardano (ADA) price rallied and settled above the $0.0350 resistance. Bitcoin cash rallied above the $125-130 resistance and it may continue higher. Stratis (STRAT) surged roughly 40%, and Ethereum, ripple, Stellar (XLM), EOS and Cardano (ADA) remain above key supports. Bitcoin Cash…

Less than 40 percent of Bitcoin addresses are economically viable, report

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Chainalysis, a research firm, has recorded the happenings on the Bitcoin blockchain. The firm has noted that less than 40 percent, from a total of 460 million Bitcoin addresses, have an economic value. According to the report, the current active addresses that are economically viable are under the control of entities that possess Bitcoin. These entities manage 172 million Bitcoin addresses or roughly 37 percent. Additionally, out of the 172 million addresses, just 27 million were found to own Bitcoin. Chainalysis continued to note that out of those that are…

Ripple Price Analysis: Dips In XRP Remain Well Supported

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Key Highlights Ripple price extended gains and traded towards the $0.4000 resistance area against the US dollar. There is a major bullish trend line in place with support at $0.3450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair corrected lower recently, but it remained well supported near $0.3400-0.3500. Ripple price is placed nicely in an uptrend against the US Dollar and Bitcoin. XRP/USD recently traded close to $0.4000 before a downside correction to the $0.3400 support. Ripple Price Analysis Yesterday, we discussed the chances…

TRON Arcade Wants to Break Open the Gaming Industry for Blockchain

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Tron Blockchain platform TRON announced today its plans to establish a $100 million fund known as “TRON Arcade.” The fund is the fast-rising network’s newest effort to drive higher adoption of its platform and to finally unlock the gaming sector, which is worth billions, for blockchain technology. Until this point, the blockchain-based gaming field has experienced mixed results in terms of market penetration. Several projects have emerged, each of which seek to disrupt the nearly $138 billion industry, although adoption and retention have posed major challenges for early entrants. Unlike…

Ethereum Price Analysis: ETH Holding Key Uptrend Support

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Key Highlights ETH price traded further higher and traded as high as $107.81 before correcting lower against the US Dollar. Yesterday’s highlighted key bullish trend line acted as a support at $98 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its upside move as long as it is holding the $97-98 support area. Ethereum price remains well bid against the US Dollar and bitcoin. ETH/USD dipped recently, but it was well supported near the $98-100 zone. Ethereum Price Analysis Recently, there was a solid…