Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

Crypto Bulls On Alert As Bitcoin (BTC) Flip-Flops Around $4,000

Bitcoin Could Turn Bearish Under $3,900 Ever since Bitcoin (BTC) breached $4,000 a few days back, the market has entered a lull. Cryptocurrencies have held within a tight range, failing to show signs of either a bullish breakout of bearish reversal. Yet, some analysts are starting to fear a short-term collapse, as BTC flip-flops around $4,000 with indecision, a sign to some that a sell-off is in the works. Luke Martin, better known as Venture Coinist, remarked that if Bitcoin heads higher in medium-term time frames, like the four-hour or…

Ethereum (ETH), EOS, and Tron (TRX) Users Will Be Able to Interact With Each Other Thanks to Loom Network

Deciding which blockchain will be most suitable for a Dappis the most critical choices of any developer; however, the Loom Network teamseems to have achieved the dream of interoperability that kept many developersand enthusiasts fantasizing on social networks (and working hard to make ithappen). In an announcement published on its official blog, the Loom Network team explains that thanks to the development of PlasmaChain, dAPPS running on Tron and EOS will be able to communicate smoothly with each other, and interact with Ethereum (the blockchain on which PlasmaChain runs). Over…

Russian State Duma Defers Consideration of Bill On Digital Financial Assets

The State Duma of the Russian Federation has deferred consideration of the bill “On Digital Financial Assets” to April 2019,  local media outlet TASS reported on March 20. The second reading of the draft federal law “On Digital Financial Assets” has reportedly been rescheduled for April, following a decision made at the morning voting on the agenda of the plenary session. The initiative was taken by the Chairman of the State Duma Committee on Financial Market, Anatoly Aksakov, although he did not explain his motives. The bill “On Digital Financial…

Vitalik Buterin Sees Ethereum (ETH) Dominance Fading… And He’s Not The Only One

Vitalik Claims Ethereum Is Losing Its Lead “To Some Extent” Earlier this week, the one and only Vitalik Buterin sat down with prominent crypto journalist Laura Shin to talk all things Ethereum. In the interview, this being the first live episode of “Unchained,” Buterin was surprisingly candid, letting a few things slip out of his lips that may have caught some on the back foot. According to BreakerMag, Shin started it out with a toughie: “is Ethereum losing its lead?” Surprisingly, Buterin conceded, remarking that yes, Ethereum is losing its…

Major Latin American E-Commerce Company Bans Cryptocurrency-Related Ads

The largest e-commerce company in Latin America, Mercado Livre, has banned cryptocurrency advertising on their website, Cointelegraph em Português reported on March 18. The development was revealed in an exclusive interview with Cointelegraph em Português after the company’s users reported receiving of emails informing them about the change in Mercado Livre’s policy. The new policy requires all users to remove their listings pertaining to digital currency, otherwise all listings will automatically be taken down from the platform starting March 19. One of the users received a letter, saying: “We would…

Chicago Mayor Believes Crypto Adoption is “Inevitable”

Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with their economic recovery. The politician thinks that “an alternative way of currency dealing with the debt markets is going to happen” at some point in the future. “One day, somebody’s going to figure out—whether that’s Argentina,…

Chicago Mayor Believes Crypto Adoption is “Inevitable”

Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with their economic recovery. The politician thinks that “an alternative way of currency dealing with the debt markets is going to happen” at some point in the future. “One day, somebody’s going to figure out—whether that’s Argentina,…

BitMEX CEO Arthur Hayes Says Bitcoin Will Test $10,000 in 2019

Arthur Hayes, co-founder and CEO of cryptocurrency trading platform BitMEX, has predicted that Bitcoin (BTC) will get back to the $10,000 price point this year. Hayes shared his predictions in a newsletter published on March 22. According to Hayes, the market recovery will begin in early fourth quarter of 2019. Hayes said: “The 2019 chop will be intense, but the markets will claw back to $10,000. That is a very significant psychological barrier. […] $20,000 is the ultimate recovery. However, it took 11 months from $1,000 to $10,000, but less…

Central Banks Should Leave Crypto to Facebook and JPMorgan: PwC Partner

Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22. According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) until large corporations test out the tokenization of fiat currencies themselves. Only when cryptocurrencies are “battle-tested by corporations,” should central banks make a move towards the crypto space, Kalfon argued, adding that it will reduce the likelihood of potentially negative…