Day: February 6, 2019

Ripple Price Analysis: XRP Remains at Risk of Further Declines

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Ripple price declined further and broke the $0.2940 and $0.2900 support levels against the US dollar. There is a key bearish trend line in place with resistance near $0.2960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is trading in a bearish zone and it could continue to move down towards $0.2820 or $0.2800. Ripple price accelerated losses against the US Dollar and Bitcoin. XRP/USD settled below $0.2940 and any recovery from the current levels could find a strong selling interest. Ripple Price Analysis…

Ethereum Price Analysis: ETH Tumbles, $100 Support At Risk

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ETH price declined sharply and broke the $105 support area against the US Dollar. There was a break below a major bullish trend line with support at $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair dived towards the $100 support area and it is currently consolidating losses. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is now at a risk of more losses below the $100 and $958 support levels in the near term. Ethereum Price Analysis After multiple rejections near the…

Crypto Firm Accused of Fraud, Duping Investor Into Buying $2 Million in Tokens

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A lawsuit recently filed in a United States district court in New York claims that an investor was misled into investing $2 million dollars in the cryptocurrency MCash, a Feb. 1 court filing states. The filing alleges that the plaintiff Lijun Sun transferred $2 million to New-York based investment group Blue Ocean Capital Group, Inc. to purchase MCash tokens, stating: “Not only was the MCash Token not properly registered with the U.S. Securities and Exchange Commission (SEC), but more importantly, in connection with selling the MCash Token, Defendants made numerous…

Bitcoin (BTC) Transaction Count Has Crypto Community Bullish

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Bitcoin Transaction Counts On The Up-And-Up Although Bitcoin (BTC) has continued to struggle in recent weeks, posting harrowing losses day-in, day-out, there are some optimists that are adamant that investors shouldn’t be alarmed. Case in point, Ramen Lee, a crypto designer, recently took to Twitter to note that the number of BTC transactions per day has risen to the same levels seen in November 2017, when the digital asset boom was posting new all-time highs day-over-day. Very interesting to see. $BTC‘s TX per day are back on the same level…

US Trading Platform LedgerX Introduces Binary Wager on Bitcoin Halving

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United States-regulated trading and clearing platform LedgerX has released a new type of derivative contract unique to Bitcoin (BTC), according to a blog post published on Feb. 5. The new product called LedgerX Halving Contract (LXHC) represents a binary option —  an option where the payoff is either a fixed monetary amount or nothing — that settles to the estimated next time that Bitcoin halves. Bitcoin halving is an event that happens roughly once every four years, after which the amount of new Bitcoin created and earned by miners will…