January 10, 2019

Bitcoin (BTC) Falls 5% Amid Sudden Crypto Market Meltdown

January 10, 2019 boss

Market Drops Drastically In 2019 First On Wednesday night, The Crypto Dog, a leading Bitcoin analyst, took to his Twitter page, which sports over 100,000 followers, to draw attention to the Ethereum/USD chart, noting that something might happen soon. The chart, which accentuated ETH’s wedge formation, indicated that a breakout (either up or down) was slated to happen. whatever gonna happen I think it might gonna happen soon pic.twitter.com/NvhoThFldI — The Crypto Dog? (@TheCryptoDog) January 10, 2019 Just hours after his tweet, Ether, along with BTC and the rest of…

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

January 10, 2019 boss

In a space infamous for promising radical transformation but delivering mostly prototypes so far, Roberto Mancone, we.trade’s chief operating officer, has a record of making good on his pledges. Early last year, he promised the trade finance blockchain platform would go live by mid-2018 – which it did, with a focus on trading between small and medium-size enterprises (SMEs) in various European countries. Later in the year, we.trade pledged it would make its first move outside Europe – which it did, announcing a project to explore interoperability with Hong Kong’s…

Ethereum Classic Hacker Stole 54,200 ETC from Crypto Exchange Gate.io

January 10, 2019 boss

Cryptocurrency exchange Gate.io confirmed that it had lost about $220,000 worth of Ethereum Classic coins – about 40,000 ETC – during the ongoing manipulation of the project’s blockchain network. The exchange confirmed Tuesday that the Ethereum Classic blockchain was under 51% attack – in which a single entity takes control of more than half the network’s hash power that allows it to rewrite its transaction history and double-spend coins – and identified three accounts about the attacker(s). “It happened between 0:40 Jan.7, 2019 and Jan 4:20 Jan.7, 2019 UTC for…

Bitcoin Price Watch: BTC Likely Preparing For Bullish Ride

January 10, 2019 boss

Bitcoin price is placed nicely above the $3,965 and $3,980 support levels against the US Dollar. There is a short term triangle forming with resistance at $4,045 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may continue to move higher towards $4,250 if there is a clear break above $4,080. Bitcoin price is gaining bullish momentum above $4,000 against the US Dollar. BTC remains supported on dips and it may soon climb above the $4,150 and $4,200 resistances. Bitcoin Price Analysis Yesterday, we discussed…

Ripple Price Analysis: XRP Could Dip and Rip Above $0.3900

January 10, 2019 boss

Ripple price recently gained bullish momentum above the $0.3650 resistance against the US dollar. There was a break above a key triangle with resistance at $0.3665 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded towards the $0.3840 level and it is currently correcting lower. Ripple price is back in a positive zone against the US Dollar and Bitcoin. XRP/USD could dip a few points towards the $0.3700 support before a fresh upward move in the near term. Ripple Price Analysis Yesterday, we discussed…

Ethereum Classic 51% Attack: Blockchain Security Researchers Reveal Full Implications

January 10, 2019 boss

A blockchain security research firm called Slowmist has released a full report on the attack that recently took place against Ethereum Classic. The report indicates that several exchanges are the victims of a concerted 51% attack. Notably, the researchers report that the attack begins January 5th at 19:58:15 UTC. Days pass before anyone notices. The attacker dupes several exchanges in the process including Coinbase, Bitrue, and Gate.io. The analysis focuses heavily on Bitrue. Central to the attack was the owner of address 0x24fdd25367e4a7ae25eef779652d5f1b336e31da. The earliest movement is a little over…

Blockchain Security Researchers Reveal Full Implications

January 10, 2019 boss

Ethereum Price Analysis: ETH Sellers Could Gain Control Below $146

January 10, 2019 boss

Key Highlights ETH price traded in a range above the $146 support area against the US Dollar. There are two major bearish trend lines formed with resistance at $152 and $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline below the $146 support if buyers struggle to push the price above $154. Ethereum price is trading in a tight range against the US Dollar and bitcoin. ETH/USD remains at a risk of a downside break as long as it is below $154. Ethereum Price…

Fund Providers Insist There’s Enough Market Liquidity for a Bitcoin ETF

January 10, 2019 boss

For years, bitcoin exchange traded funds (ETFs) have been struggling to get off the ground and receive approval from the U.S. Securities and Exchange Commission (SEC). Passive fund providers are now arguing there is sufficient market liquidity for a bitcoin ETF to be launched in 2019. Also read: SEC Wants Second Look at Nine Bitcoin ETFs ETFs to Top $9 Trillion by 2022 ETFs are becoming a large part of the investment landscape. Research firm ETFGI predicts that in 2020, ETFs and ETPs listed in Europe will reach $1.1 trillion. Morgan Stanley forecasts global ETF…

Fund Providers Insist There’s Enough Market Liquidity for a Bitcoin ETF

January 10, 2019 boss

Finance For years, bitcoin exchange traded funds (ETFs) have been struggling to get off the ground and receive approval from the U.S. Securities and Exchange Commission (SEC). Passive fund providers are now arguing there is sufficient market liquidity for a bitcoin ETF to be launched in 2019. Also read: SEC Wants Second Look at Nine Bitcoin ETFs ETFs to Top $9 Trillion by 2022 ETFs are becoming a large part of the investment landscape. Research firm ETFGI predicts that in 2020, ETFs and ETPs listed in Europe will reach $1.1 trillion. Morgan Stanley forecasts global…