Day: January 28, 2019

Bitcoin Price Watch: BTC Could Extend Decline To $3.2K-3.0K

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Bitcoin price failed to stay above the $3,520 and $3,480 support levels against the US Dollar. There is a strong resistance formed near $3,500 and a bearish trend line on the hourly chart of the BTC/USD pair (data feed from Kraken). The price tested the $3,400 support and it remains at a risk of more losses towards $3,200 or $3,000. Bitcoin price moved into a bearish zone below $3,500 against the US Dollar. BTC might extend the current decline towards the next key support at $3,200 or even $3,000. Bitcoin…

Bitcoin Adoption: Coinbase Pops Up Donut Shop To Bolster Crypto Usability

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Coinbase Looks To Bolster Bitcoin (Cash) Adoption It isn’t a secret that cryptocurrencies, like Bitcoin (BTC) and Ethereum (ETH), have struggled to gain steam in traditional, brick & mortar retail outlets. In fact, per a recent article series from Vitalik Buterin-founded Bitcoin Magazine, use of digital assets in the real world was just as difficult three to four years ago than it is now. Yet, Coinbase, the Silicon Valley’s crypto & blockchain darling, has sought to change this. Well, that’s according to Brian Armstrong, an Airbnb software developer turned Coinbase founder…

Don’t Throw the Crypto Tokens Out With the Bathwater

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ A year into the crypto market meltdown, we’ve gone from one extreme to the other. Where investors and commentators were once consumed with the naïve belief that ICO-funded startups would quickly usher in a new token-driven decentralized economy and unlock untold wealth, we’re now at a point where any idea…

Crypto Traders Optimistic About Bitcoin (BTC) Price, Expect Bottom

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Bitcoin Price Gets Hammered, Traders Optimistic In the past hours (per the time of writing), the value of cryptocurrencies across the board have fallen dramatically. Bitcoin (BTC) is currently posting a 2.3% loss, falling to the $3,500 price level for the umpteenth time in weeks. Altcoins, interestingly, have had it much worse. XRP and Ethereum (ETH) have seen their values been pared by 4.2% and 5.8% respectively, with the former approaching the all-important $0.30 price level, and the latter collapsing under $110. The digital assets on the lower rungs of…

Ripple Price Analysis: XRP Could Accelerate Losses Below $0.3000

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Ripple price declined recently and broke the $0.3100 and $0.3070 supports against the US dollar. There is a major bearish trend line in place with resistance at $0.3030 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses below the $0.3000 support area in the near term. Ripple price tumbled and broke key supports against the US Dollar and Bitcoin. XRP/USD could accelerate losses towards the $0.2920 support in the coming sessions. Ripple Price Analysis This past week, there…

Ethereum Price Analysis: ETH Breaks Down, Turned Sell on Rallies

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ETH price traded below the $114 and $112 supports levels to move into a bearish zone against the US Dollar. There is a major bearish trend line formed with resistance at $112 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher a few points, but it likely to face sellers near the $112 or $114 level. Ethereum price made a sharp bearish turn against the US Dollar and bitcoin. ETH/USD is now trading in a bearish zone and it could continue to move down…

Can 2019 Be the Year of Cryptocurrency comeback?

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Two years ago, Bitcoin and blockchain were among the hottest topics in the investment world. This exciting new asset class—cryptocurrencies—was supposed to totally disrupt financial services, while the accompanying technology would revolutionize how international financial transactions were recorded and processed, saving both time and money. It seemed as if everyone wanted in on the action. As of August 2018, there were more than 1,600 cryptocurrencies and growing, but most people still prefer being paid with real money backed by the full faith and credit of a national treasury. The promised revolution…

Why is Kik Challenging The SEC In Anticipated Crypto ICO Court Case?

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Ever since initial coin offerings (ICOs) became mainstream, regulators, especially the U.S.’ governmental agencies, have sought to make moves against this newfangled form of funding. The crypto assets from these sales are touted as utility-centric, but incumbents have argued that they resemble securities. Jay Clayton, a commissioner at the U.S.’ Securities and Exchange Commission (SEC), has claimed on multiple occasions that ICOs are not exempt from the financial legislature. In a speech, Clayton, a Trump appointee, remarked that not only should ICOs adhere to the SEC’s laws, but that such…