Day: December 23, 2018

Bitcoin Above $4,000 Again as Top Cryptocurrencies See Gains Across the Board

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Sunday, Dec. 23 — all of the top 20 cryptocurrencies are seeing moderate gains, with Bitcoin’s (BTC) price going above $4,000 again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up nearly four percent on the day, trading at $4,050. Looking at its weekly chart, the current price is lower than the Friday’s high of almost $4,200; but the cryptocurrency is still trading significantly up from $3,294 — the point at which it started this week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) —…

What Triggered Ethereum to Rise 66% Within 1 Week? Factors and Trends

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Since December 16, within one week, the Ethereum price surged from $83 to $138, by just over 66 percent. Throughout the past week, Ethereum (ETH) has seen a record-high number of shorts on major cryptocurrency trading platforms in the likes of BitMEX and Bitfinex. As the price of Ethereum surged amidst a strong corrective rally triggered by oversold conditions, short contracts were squeezed out, allowing the price of the asset to recover. Not All Positive For Ethereum Although the Ethereum price has increased by 66 percent in a short period…

What Happened to Dapps? (And 4 Other Big Questions for Ethereum in 2019)

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Kosala Hemachandra is the founder of MEW (MyEtherWallet), an open-source, client-side interface for generating ethereum wallets and interacting with the ethereum blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  For the most part, Bitcoin and Ethereum have held the title of the top two cryptocurrencies with the largest market capitalization. But in the past year, we’ve noticed that the second place for crypto’s market share is constantly switching between XRP and Ethereum – first in September and most recently in November and December. With many other…

Spot Develops New Bitcoin and Cryptocurrency Portfolio App

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Services There’s a new app for cryptocurrency holders to track their portfolios of digital assets across multiple exchanges and addresses. Spot has developed a sleek new app focusing on ease of use built on a clean and user-friendly platform. Also Read: The Daily: Bitfinex Launches Tether Margin Trading, Zebpay Resumes BCH Transactions Revolut But With Crypto DNA First released in open beta back in April 2018, Spot has now fully launched on Product Hunt. Its stated aim is to offer cryptocurrency holders a beautiful user interface with features that are…

Bitcoin News Cryptocurrency Weekend Roundup December 23

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Here is what is happening in the cryptocurrency this weekend. SEE: SinglePoint Gives Projections On 2019 SEE: US Energy Initiatives Now Owns $5.1 Million Sumcoins In the News CoinNess, Asia’s largest crypto information provider, has launched the CNNS Partner Program, its global growth partner program. The company says that it will invest $5 million to build an international crypto investors’ community, with all the money going to reward CNNS partners, community members, and early app users. CNNS, which is the abbreviation of CoinNess, will also be the name of the…

Facebook is already working on its own cryptocurrency

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As the value of cryptocurrency continues to decrease from its all-time high in December of last year — a decrease of about $14,000 per coin over the past year according to CryptoCurrencyChart.com — Facebook continues to hang onto the blockchain dream. Bloomberg’s sources claim that the corporation is developing its own digital currency called stablecoins, pegged to the United States dollar. Four years ago, the company hired former president of PayPal David Marcus, and in May of this year, he was appointed to head Facebook’s blockchain initiatives. In fact, according…

Brave Browser, BAT, and the Opt-Out Problem

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Unwanted Attention: Brave Browser, BAT, and the Opt-Out Problem December 23, 2018 by Tyson O’Ham Brave Browser and BAT are two high-profile entities in the crypto space at this point, and they’ve launched headfirst into controversy this week over something as simple as a user trying to opt-out of their token-based revenue system. What comes next? Also read: Cryptoeconomy 2019: Storylines to Watch Out For Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Twitter Opt-Out Kerfuffle Highlights the Problem The incident kicked off when Tom Scott, video…

Bermuda provides guidelines on how to handle clients’ digital assets

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The financial watchdog in Bermuda, Bermuda Monetary Authority, has issued guidelines on how firms providing custodial services should handle clients’ digital assets. However, the guidelines are still in a draft state. The guidelines which the Bermuda Monetary Authority (BMA) has labeled as the ‘Code of Practice for Digital Asset Custody’ is meant to regulate the custody of digital assets. According to Moad Fahmi, Senior Advisor, Financial Technology, BMA: The code complements the extensive body of rules for Digital Assets Business published by the BMA. We view custody as an important…

Bitcoin Price Weekly Analysis: BTC Primed To Test $5,000

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Key Points Bitcoin price gained pace recently and broke the $3,580 and $3,780 resistances against the US Dollar. There is a major symmetrical triangle forming with resistance at $4,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $4,080 and $4,150 resistance levels to rally towards $4,500 or $5,000. Bitcoin price is placed in an uptrend above $3,580 against the US Dollar. BTC/USD is likely to extend the current bullish wave towards $4,500 or $5,000. Bitcoin Price Analysis This past…

Ethereum Price Weekly Analysis: ETH Breaks $125, Could Test $140

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Key Highlights ETH price surged higher and broke the $115 and $125 resistance levels against the US Dollar. There is a major bullish trend line formed with support at $114 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains in a solid uptrend and it could continue to rise towards the $135 or $140 level. Ethereum price gained a lot of bids versus the US Dollar and Bitcoin. ETH/USD broke the $125 resistance and it may now climb towards the $140 level. Ethereum Price Analysis This…