January 18, 2019

Mining Closures Reveal Recurring Bitcoin Bear Market Trend

January 18, 2019 boss

Mining Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Bankruptcy to Closure After declaring bankruptcy last year, Giga Watt, which launched in 2017, announced in a Telegram message that it would be ceasing all operations. “As was reported in November of 2018, Giga Watt voluntarily…

Why Did the Augur Price Surge by 38% Yesterday?

January 18, 2019 boss

Augur jumped over 38 percent yesterday, rising a further 12 percent at the start of trading today to complete one of the most eye-catching runs in recent market history. After the huge dip cryptocurrencies took last Thursday, only a few altcoins have shown progress on the market in the last week but Augur’s huge jump in a little over 18 hours is generating a significant amount of interest. Source: CoinMarketCap Markets Respond to Veil Mainnet Launch A lot of this movement can be attributed to the launch of the Veil platform…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

January 18, 2019 boss

The total crypto market cap broke a major resistance near the $117.00B level. EOS price broke the $2.50 resistance and it may rise towards the $2.62 level. Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance. Tron (TRX) price is up more than 3% and it seems like it could test $0.0262. IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level. The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple,…

Ripple Price Analysis: XRP Likely Preparing For The Next Ride

January 18, 2019 boss

Ripple price is trading in a tight range above the $0.3240 and $0.3200 support levels against the US dollar. There is a major contracting triangle formed with resistance at $0.3290 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to make the next move either above $0.3300 or below $0.3200 in the near term. Ripple price is preparing for the next major move against the US Dollar and Bitcoin. XRP/USD could surge above $0.3300 as long as it is above the $0.3160 support…

Ethereum Price Analysis: ETH Could Rally If $116 Support Holds

January 18, 2019 boss

ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar. Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken). The pair may gain bullish momentum sooner or later as long as it is above the $116 support. Ethereum price is trading in ranges against the US Dollar and bitcoin. ETH/USD might start a solid upward move if it continues to hold the $116 support area in the near term. Ethereum Price…

Crypto Prediction: Bitcoin (BTC) If $4,000 Isn’t Inbound, Test Of $3,000 Possible

January 18, 2019 boss

Crypto Remains In Lull, But Analysts Still Predicting 2019 is finally upon the cryptosphere, which was beaten and bruised to hell and back during 2018. And with this new year, it seems that the powers that be — the whales, Wall Street institutions, industry insiders, and purported manipulators — have collectively decided that to impose a Bitcoin price lull. In fact, a recent report from CoinDesk revealed that BTC’s volatility is down 98% year-on-year, as crypto continues to sip on the proverbial sangria. Eric Ervin, the chief executive of Blockforce Capital, recently…

Crypto Prediction: Bitcoin (BTC) If $4,000 Isn’t Inbound, Test Of $3,000 Possible

January 18, 2019 boss

Spanish Car Manufacturer SEAT Joins Alastria Consortium to Develop Blockchain Products

January 18, 2019 boss

Spanish automobile manufacturer SEAT has joined Alastria consortium to work on the development of blockchain-based products. Cointelegraph in Spanish reported the news Jan. 16. Founded in 1950, SEAT is a state-owned industrial company and Spain’s largest car manufacturer. SEAT’s turnover reportedly reached a record figure of 9.552 billion euro ($10.878 billion) in 2017, which is 11.1% more than the year prior. Per the recent announcement, SEAT joined Alastria, a multi-industry, semi-public consortium backed by a national network of more than 70 companies and establishments. These include such major players as…

Founder of Ethereum and ConsenSys Joe Lubin Joins Board of Directors of Crypto Startup ErisX

January 18, 2019 boss

Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17. Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures. In 2019, ErisX is expected to being offering both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and futures markets. According to today’s announcement, Lubin has joined…

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

January 18, 2019 boss

Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14. San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs). In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator. Following the acquisition, Blockspring will reportedly continue operating as an independent entity, while any…