January 2019

Crypto Market Rebounds: Bitcoin Cash, EOS, Stellar (XLM), Tron (TRX) Price Analysis

January 31, 2019 boss

The total crypto market cap rebounded nicely and tested the $114.00B resistance level. Bitcoin cash is up more than 7% and it broke the $115 and $116 resistance levels. EOS price is gaining momentum and it could test the $2.40 resistance level. Stellar (XLM) is correcting higher, with resistances near the $0.0900 and $0.0940 levels. Tron (TRX) is currently flat above the $0.0270 support level, with range moves. The crypto market started a solid rebound from lows. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other major…

Crypto Analyst: If Bitcoin (BTC) Runs, $4,300 Will Be “Very Difficult” To Break

January 31, 2019 boss

Bitcoin Will Struggle To Break $4,300 It isn’t a secret that the broader crypto market has struggled in recent months. After posting close-to-zero gains, or losses during the summer months, Bitcoin (BTC) began to plummet, quickly falling under $6,000 to $5,500, then $4,500, and all the way down to $3,200 in mid-December. While the digital asset has ranged in the $3,000s for nearly six weeks now with no signs of a bullish breakout, optimists still hang onto the hope that the cryptocurrency market could undergo a jaw-dropping, mind-numbing reversal in…

Crypto Analyst: If Bitcoin (BTC) Runs, $4,300 Will Be “Very Difficult” To Break

January 31, 2019 boss

Wrapped Bitcoin (WBTC) Keeps its Date, now Live on Ethereum

January 31, 2019 boss

On January 30, 2019, Wrapped Bitcoin (WBTC) went live on Ethereum blockchain as scheduled. This is a Bitcoin backed ERC20 token aimed at bringing Bitcoin and other cryptocurrencies to the Ethereum mainnet. The community-driven initiative is anticipated to bring in liquidity to the DEX, DeFi sectors. WBTC was launched on October 26, 2018, as a joint venture between BitGo, Kyber Network, and Republic Protocol. A Joint Association of Kyber, Bitgo, Ren Wrapped Bitcoin or WBTC is the first token that makes Bitcoin compatible with the Ethereum chain. It standardizes…

Ripple Price Analysis: XRP’s Trend Overwhelmingly Bullish Above $0.3200

January 31, 2019 boss

Ripple price rallied recently and broke the $0.3000, $0.3150 and $0.3250 resistances against the US dollar. There was a break above two bearish trend lines with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.3320 level and it is currently correcting gains towards the $0.3210 support. Ripple price jumped back sharply in the bullish zone against the US Dollar and Bitcoin. XRP/USD is trading with a positive bias and dips remain supported near $0.3200. Ripple Price Analysis After…

Ethereum Price Analysis: ETH Bullish In Short Term Above $106

January 31, 2019 boss

ETH price recovered recently and broke the $105, $106 and $109 resistance levels against the US Dollar. Yesterday’s highlighted important bearish trend line was breached with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed nicely above the $106 level and it could recover towards the $113 or $114 level. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD remains supported for a recovery towards the key $114 resistance level in the near term. Ethereum Price…

“Short The Bankers”: Financial Advisor Lauds Bitcoin (BTC) After BoA Charges

January 31, 2019 boss

Banks Are 3,200% More Expensive Than Crypto Since Bitcoin (BTC) came into being, it has been lauded for being an alternative to the traditional financial system. Yet, those with a vested interest in this dinosaur-esque world have quickly rebutted these cries, noting that cryptocurrencies are not only slow, but are expensive, pro-anarchism, and accessible for bad actors, whether it be rogue states, terrorist groups, or cyber-criminals. Jamie Dimon, the chief executive of JP Morgan, and Janet Yellen are just two Wall Street hotshots that have lambasted cryptocurrencies, quipping that their value…

Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches

January 31, 2019 boss

Wrapped Bitcoin (WBTC), an Ethereum (ETH)-based token backed by Bitcoin (BTC), has launched today, Jan. 31, according to a press release on the network’s website. The currency is a joint initiative by blockchain security firm BitGo, Kyber Network liquidity protocol and others. BitGo announced the development of the coin backed 1:1 with Bitcoin in October 2018. A statement by the firm then said that Wrapped Bitcoin will provide users with a “wide variety of new decentralized use cases including on decentralized exchanges (DEXs), as collateral for stablecoins or lending, for…

Italian Postal Service Joins Hyperledger Blockchain Community

January 31, 2019 boss

The Italian postal service provider, Poste Italiane, has joined the Hyperledger blockchain community, Cointelegraph Italia reported on Jan. 29. Hyperledger is a collaborative project led by the Linux Foundation which aims to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes several industry leaders, including American Express, Cisco, Intel , JPMorgan, Deloitte and Huawei. Poste Italiane stated in a press release that joining Hyperledger is consistent with the service’s Deliver 2022 Business Plan. Part of the plan involves the acquisition and acceleration of new technology in the…