Day: February 7, 2019

Ethereum Foundation Weighs $15 Million Bid to Build ‘Randomness’ Tech

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At the cutting edge of blockchain research is a potential $15 million dollar venture by the Ethereum Foundation centered around a technology called Verifiable Delay Functions (VDFs). Acting as a source of computer-generated randomness that is unpredictable and unbias-able, VDFs are envisioned for use in a highly-anticipated “proof-of-stake”(PoS) system called Serenity which the ethereum network will migrate to in the next few years. What’s more, the ability to generate secure randomized numbers – if implemented in Serenity – would be a feature that can be leveraged by all decentralized applications (dapps)…

Bitcoin Finally Added to Coinbase Wallet, More Coins are Waiting for Their Turn

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Photo: The Coinbase Blog Coinbase, the US leading crypto exchange, has added support for Bitcoin to its Coinbase Wallet app. The announcement has been made in the company’s blog post.  It reads: “The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. Bitcoin support is activated by default — all you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin to send BTC to your Coinbase Wallet.” Coinbase Wallet is the product that has replaced Toshi, the first…

Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients

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Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin prices could dip further. BTC/USD has fallen around 2.2 percent over the past week to trade at $3,370 as of press time Thursday, as many altcoins have seen bigger drops. Sluymer said: “The price…

Abra’s Blockchain App to Support Traditional Investments in Stocks, ETFs Using Bitcoin

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Popular U.S.-based cryptocurrency startup Abra made an important announcement on Wednesday, February 6. The blockchain-based Abra app now features a new facility for its users to invest in traditional instruments like stocks, ETFs, commodities, etc. using Bitcoin. Also, Abra said that it will leverage Bitcoins blockchain network and smart contracts to facilitate this feature. Abra claims that it is the first ever company in the crypto spectrum to bring such services. Abra’s latest announcement allows investors across 155 countries to invest in traditional stocks. This includes stocks of big companies like…

Abra’s Blockchain App to Support Traditional Investments in Stocks, ETFs Using Bitcoin

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Photo: Abra / Facebook Popular U.S.-based cryptocurrency startup Abra made an important announcement on Wednesday, February 6. The blockchain-based Abra app now features a new facility for its users to invest in traditional instruments like stocks, ETFs, commodities, etc. using Bitcoin. Also, Abra said that it will leverage Bitcoins blockchain network and smart contracts to facilitate this feature. Abra claims that it is the first ever company in the crypto spectrum to bring such services. Abra’s latest announcement allows investors across 155 countries to invest in traditional stocks. This includes stocks…

Bitcoin Price Watch: BTC Turned Sell On Rallies Near $3,400

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Bitcoin price declined further and traded towards the $3,320 support level against the US Dollar. There is a key connecting bearish trend line formed with resistance at $3,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could correct higher, but it is likely to face sellers near $3,375 and $3,400. Bitcoin price extended losses below the $3,350 support against the US Dollar. BTC might attempt a recovery, but sellers are likely to defend gains above the $3,400 resistance. Bitcoin Price Analysis Yesterday, we saw…

Crypto Market Update: Binance Coin (BNB), Bitcoin SV, Tron (TRX), ADA Price Analysis

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The total crypto market cap recovered recently, but it could struggle near the $108.50B resistance. Binance coin (BNB) extended gains and traded above the $8.00 resistance. Bitcoin SV price gained more than 8% and broke the $60.00 resistance area. Tron (TRX) is slowly moving higher towards the $0.0265 resistance level. Cardano (ADA) price is currently consolidating above $0.0350 and $0.0360. Binance coin (BNB) and bitcoin SV performed really well recently. However, the crypto market, bitcoin (BTC), Ethereum (ETH), TRX, ripple, ADA and others might continue to struggle. Bitcoin SV Price…

Ripple Price Analysis: XRP Remains Sell On Rallies Towards $0.30

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Ripple price extended losses and tested the $0.2840-0.2850 support area against the US dollar. There is a major bearish trend line in place with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it is likely to face sellers near $0.2920, $0.2960 and $0.3000. Ripple price is consolidating with corrective moves against the US Dollar and Bitcoin. XRP/USD could resume its decline once the current correction is complete near $0.2920-0.2950. Ripple Price Analysis Yesterday, there was a…

Ethereum Price Analysis: ETH Facing Uphill Task Near $105 Resistance

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ETH price declined recently, tested the $100 support, and later recovered against the US Dollar. There is a major bearish trend line formed with resistance near $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to face a strong resistance near $105 and the 100 hourly simple moving average. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD is likely to fail near $105 or $107 and it will most likely resume its slide. Ethereum Price Analysis Yesterday, there…

JP Morgan Analyst Calls For Wall Street Foray As Bitcoin (BTC) Stabilizes At $3,400

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JP Morgan Low Bitcoin Volatility  JP Morgan has become an unpopular name in the crypto industry as of late. Per previous reports from Ethereum World News, a recent research paper released by the New York City-headquartered firm claims that its analysts have “long been skeptical” of the inherent value of cryptocurrencies in nearly all environments, save for “dystopian” societies rife with distrust for centralized financial intermediaries. JP Morgan’s analysts added that for the most part, Bitcoin (BTC) is displaying “bubble-like properties,” which are especially reminiscent of technology stocks in the late…