January 9, 2019

Bitcoin Price Watch: BTC Buyers Not Out of Woods Yet

January 9, 2019 boss

Bitcoin price remained well bid near the $3,980 and $3,940 supports against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $3,990 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may dip a few points towards $3,950 before making another attempt to clear $4,100. Bitcoin price traded to a new weekly high above $4,100 against the US Dollar. BTC is correcting lower, but dips remain supported above $3,940 in the near term. Bitcoin Price Analysis Yesterday, we discussed about…

The Case for a 2020 Bitcoin Bull Run

January 9, 2019 boss

Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———————————————————————————————— Since the end of 2018, price action has been demonstrably negative, which surprised many expecting the end of Q4 historical “pump” in prices. The price plummet appears largely driven by negative sentiment and swathes of selling pressure after the 2018 support level of $6,000 finally broke (dashed black line). This selling pressure kept prices well into the oversold range (using RSI and SWTO) for several weeks. Only recently, has price begun to…

Ripple Price Analysis: XRP Eyeing Upside Break Above $0.37

January 9, 2019 boss

Ripple price tested the key support near $0.3600 and later recovered against the US dollar. There is a crucial breakout pattern forming with resistance at $0.3680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to make the next move either above $0.3700 or below $0.3580 in the near term. Ripple price corrected lower towards major supports against the US Dollar and Bitcoin. XRP/USD is now preparing for the next move either above $0.3700 or towards $0.3400. Ripple Price Analysis Recently, ripple price…

Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control

January 9, 2019 boss

Key Highlights ETH price stayed above the $146 support and later recovered against the US Dollar. There is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb quickly if buyers clear the $154 and $155 resistance levels in the near term. Ethereum price is placed nicely above key supports against the US Dollar and bitcoin. ETH/USD is likely to slowly move higher as long as it is above $146. Ethereum Price Analysis After testing the…

Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report

January 9, 2019 boss

United States-based payments firm Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab, according to a tweet from Gab Jan. 8. The move was reported just after Gab announced that the firm had sent an email to its user base promoting Cash App and Bitcoin (BTC). In a tweet today, Gab announced that it has sent over 850,000 emails to its users, introducing them to “free speech money: Bitcoin.” The screenshot of the firm’s email generally describes alleged censorship measures that…

Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision?

January 9, 2019 boss

On January 7, CCN reported that the Financial Services Agency (FSA) of Japan is considering the approval of the country’s first Bitcoin exchange-traded fund (ETF). With the final deadline of the VanEck Bitcoin ETF on the horizon, could the approval of a Bitcoin ETF in Japan have an impact on the decision of the U.S. Securities and Exchange Commission (SEC)? Probability of a Bitcoin ETF in US The probability of the approval of a Bitcoin ETF in the U.S. by February remains low. A pro-crypto SEC commissioner Hester Peirce previously…

Review: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again

January 9, 2019 boss

Reviews Privacy is relative, but by many people’s reckoning, bitcoin could use greater anonymity. The Bitcoin Core protocol hasn’t changed much over the past decade, but the tools used to forensically inspect it have. In a bid to reclaim some of that eroding privacy, a number of fungibility-enhancing tools have been released by open source developers. Wasabi’s desktop BTC wallet incorporates a number of these to good effect. Also read: Report Claims Central Banks Are Cautious About Issuing Their Own Digital Currencies A Little Wasabi to Heat up the Privacy Battle…

Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000

January 9, 2019 boss

Bitcoin Price “Will Get Worse Before It Gets Better” Vinny Lingham, CEO of Civic, a blockchain startup focused on facilitating a so-called “Secure Identity Ecosystem,” recently sat down with CoinTelegraph for the outlet’s “Hodler’s Digest” weekly report. Lingham, a long-time entrepreneur in the nascent crypto industry and a “shark” on South Africa’s Shark Tank panel, claimed that he expects for Bitcoin (BTC) to fall in the near-future. Speaking to the crypto outlet in an exclusive interview, Lingham noted that as it stands, a majority of people are “very skeptical about…

Crypto Startup CEO: “Gut Feeling” Is That Bitcoin (BTC) Will Fall Under $3,000

January 9, 2019 boss

Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

January 9, 2019 boss

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating that: “By definition, a decentralized cryptocurrency must be susceptible to 51% attacks whether by hashrate, stake, and/or other permissionlessly-acquirable resources. If a crypto can’t be 51% attacked, it is permissioned and centralized.”…