Month: January 2019

Know When to Fold Them DApps–Ethereum Cedes Ground to EOS, TRON Due to Gambler Migration

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Know When to Fold Them DApps–Ethereum Cedes Ground to EOS, TRON Due to Gambler Migration January 30, 2019 by Paul de Havilland DApps, or decentralized apps, have witnessed a seismic shift in usage patterns. They have also seen a movement away from Ethereum toward the TRON and EOS platforms. But are the figures misleading? Also read: Kik Expects SEC to Come Knocking Over Kin ICO Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts TRON and EOS Surpass Ethereum There was in excess of $7.5 billion USD worth…

DApp Survey Highlights Poor User Uptake as Major Pain Point for Developers

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Decentralized data aggregator Fluence Labs highlighted user uptake as the number one problem facing decentralized app (DApp) developers in a new survey released on Jan. 29. The DApp industry, which began using the Ethereum blockchain in 2017, has since grown to number around 1,800 products, according to listing resource DappRadar. Fluence notes that of the 900 projects they found that had contacts available, 160 projects filled out their survey. EOS and TRON have since risen to compete with Ethereum as host blockchains, the latter nonetheless still being home to 87…

AMD Q4 Financial Report Sees Income Dip, Executives Show No Signs Of Panic

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United States transnational IT company Advanced Micro Devices (AMD) released its Q4 revenue report on Jan. 29, broadly conforming to analysts’ fears of a continued slowdown. AMD, which like other graphics hardware manufacturers has suffered due to the cryptocurrency bear market, produced quarter-on-quarter revenue losses of 14 percent. Its gross margin was down 2 percent versus Q3, while its net income fell from $122 million to just $38 million. As Cointelegraph reported, investors had previously warned about possible losses for AMD prior to the report’s release, arguing that the lasting…

Will Fidelity’s New Institutional Crypto Products Boost Markets?

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A major financial institution getting involved in cryptocurrencies is usually big news. With the prolonged US government shutdown hampering a number of long awaited crypto funds, large investment companies are seeking alternative ways to enter crypto markets. Fidelity Crypto Custody Coming According to Bloomberg Fidelity Investments is planning to launch its Bitcoin custody services in March. The mutual fund giant is hoping to ease the fears that institutional investors may have about the highly volatile and somewhat technical world of crypto trading. The delayed Bakkt and VanEk crypto funds have…

Bitcoin and Ether Market Update: January 30, 2019

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The total crypto market cap lost another $6 billion of its value since January 28, 2019, and now stands at $113 billion. At the time of press, bitcoin sits at $3,456 and ether is being traded at $105. BTC/USD Bitcoin lost 2.7 percent on January 28 as it extended losses to $3,500, now clearly in the downtrend channel after breaking below the 61.80 percent Fibonacci level. On January 29, the BTC/USD pair dropped even further touching $3,420 during day trading to close the session at $3,470. The next support to hold…

Bitcoin Price Watch: BTC Rally Remains Attractive To Sellers

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Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break above $3,450 and $3,480. Bitcoin price dipped to a new yearly low and later recovered against the US Dollar. BTC could decline once again if it fails to break the $3,450-3,480 resistance area in the…

Analyst: Bitcoin (BTC) At $3,000 Looks “Symmetrical” To $20,000 Top, Reversal Possible

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Crypto Analyst: Bitcoin Chart Resembles $20,000 Top Bitcoin Bravado trader, Jack “Sparrow,” recently took to his Twitter page to tout a recent bit of analysis he completed that could indicate that the broader crypto market is finally nearing a bottom. Jack, asking if Bitcoin has begun to reverse, noted that BTC’s current inverted chart is reminiscent of the asset’s $20,000 all-time high, which was established in late-December 2017. $BTC reversal pattern? This $3k bottom looks awfully symmetrical to the $20k top… Just saying pic.twitter.com/sLfKQcsTZI — Bitcoin Jack (@BTC_JackSparrow) January 29,…

Ripple Price Analysis: XRP At Clear Risk of Further Declines

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Ripple price remained below the $0.2900 and $0.2950 resistance levels against the US dollar. There are two bearish trend lines in place with resistance near $0.2900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses as long as it is trading below the$0.2900 and $0.2950 resistance levels. Ripple price is facing a lot of hurdles on the upside against the US Dollar and Bitcoin. XRP/USD is likely to extend the current decline below $0.2800 unless buyers push it…

Ethereum Price Analysis: ETH Forming Bearish Continuation Pattern

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ETH price stayed below the $107 resistance level, with bearish signs against the US Dollar. There is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate losses below the $100 level if there is a bearish break below $103. Ethereum price is forming a bearish continuation pattern against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses as long as it is trading below $107. Ethereum Price Analysis Yesterday, we saw a…

JP Morgan: Blockchain Needs To Be Separated From Bitcoin & Crypto

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“Blockchain, Not Crypto” Romp Continues Since Bitcoin was founded, the cryptocurrency has been bashed to hell and back. Yet, the technology behind it has been extolled, especially by financial & political incumbents who wish to handle the reins of the blockchain bull. A recent interview with JP Morgan’s chair of global research, Joyce Chang, only cemented this theme. Per Bloomberg, which conducted the candid conversation, Chang was hesitant to admit that decentralized (or centralized) ledgers would overhaul the global financial system. However, she made it abundantly clear that the technology…