Day: February 12, 2019

Ripple Price Analysis: XRP’s Correction Reaches Crucial Juncture

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Ripple price started a downside correction and traded below the $0.3050 support against the US dollar. There is a major declining channel in place with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems to be approaching the key $0.2915 support area. Ripple price corrected most its gains against the US Dollar and Bitcoin. XRP/USD settled below $0.3050 and it could extend the current correction towards the $0.2915 support area. Ripple Price Analysis Recently, ripple price…

Ethereum Price Analysis: ETH Could Extend Consolidation Above $114

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ETH price remained in a range and consolidated above the $114 and $116 supports against the US Dollar. There was a break below a short term contracting triangle with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to consolidate and it could even test the $114 support area in the near term. Ethereum price is showing signs of extended consolidation against the US Dollar and bitcoin. ETH/USD could decline towards the $114 support before the next upward move. Ethereum Price Analysis…

ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

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A registration statement for a new exchange-traded fund (ETF) that will invest in bitcoin futures among other traditional investments has been filed with the U.S. Securities and Exchange Commission (SEC). The fund’s portfolio will include bitcoin futures traded on the Cboe Futures Exchange and the Chicago Mercantile Exchange as well as sovereign debts and money market mutual funds. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations New ETF Filing Reality Shares ETF Trust filed a registration statement with the U.S. Securities and Exchange Commission on Monday for…

IBM Launches Blockchain Platform on Cloud Service in Melbourne

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IBM has released its blockchain main net out of its data center located in Melbourne, Australia. This will purportedly allow their customers to run their applications on the company’s cloud, according to an article published on news outlet ZDNet on Feb 11. The IBM platform was built on Hyperledger Fabric. Hyperledger is a project that aims to improve cross-industry blockchain technologies that is hosted by the Linux Foundation. A Sydney-based IBM data center is reportedly set to open at the end of March, joining the other centers in Tokyo, London,…

Report: Bitcoin Transaction Fees Fall to 2014 Levels

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Bitcoin (BTC) transaction fees are at new lows, according to a new report published by crypto and blockchain research firm Diar on Feb. 11. While BTC transactions struck a one-year high in January, almost reaching the levels registered in 2017, the median transactions value in BTC have reportedly dropped. BTC median fees have reportedly decreased to 2014 levels: “Median Fees are also at levels not seen since 2015 despite the total monthly Bitcoins moved on-chain standing at higher levels than seen throughout most of 2018.” Last month, Diar reported that…

DeVere CEO: Bitcoin (BTC) Rally Catalyzed By Hype For Crypto ETF, Halving

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deVere Chief Deduces Catalysts For Friday’s Bitcoin Rally Much of the cryptosphere was shocked on Friday as Bitcoin (BTC) embarked on a sudden rally. The leading cryptocurrency quickly breached $3,700, as it found itself up by 8% on the back of an influx of buy-side pressure. This spike in the valuation of BTC quickly pushed the broader market higher, with the aggregate value of all cryptocurrencies moving from $110 billion to $122 billion within a day’s time. Although this move was welcomed, especially as BTC was nearing key support levels,…

‘Eventually We Will See a Bitcoin ETF’

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А Bitcoin (BTC) exchange-traded fund (ETF) will eventually come to market according to Ric Edelman, founder of advisory firm Edelman Financial Engines in an interview with CNBC on Feb. 11. Edelman stated that a Bitcoin ETF is “virtually certain,” while “the only question is when,” adding: “The [Securities and Exchange Commission] SEC has several legitimate thoughtful concerns that the industry has to overcome but I’m confident they will. Eventually we will see a Bitcoin ETF and it’s at that stage that I will be much more comfortable recommending that ordinary…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bakkt recently completed its first acquisition of certain assets of futures commission merchant Rosenthal Collins Group (RCG). The much-awaited digital asset platform is expected to launch later in the year, according to Jeff Sprecher, CEO of the Intercontinental Exchange (ICE). Many expect institutional participation…