Day: February 14, 2019

Ethereum Price Analysis: ETH Primed For Further Gains Above $125

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ETH price remained nicely supported on the downside above $120 and $118 against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $120 on the hourly chart of ETH/USD (data feed via Kraken). The pair is following a bullish structure and it could continue to move higher above $125 in the near term. Ethereum price is slowly gaining bullish momentum against the US Dollar and bitcoin. ETH/USD is likely to break the recent high and trade above the $128 and $130 resistance levels. Ethereum Price…

China’s Crypto OG Zhao Dong Believes 2019 Is The Time To Buy Bitcoin (BTC)

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China Bitcoin Billionaire Expects Spring To Arrive In 2020 While Bitcoin (BTC) failed to undergo a rally, investors in this nascent space have kept their heads high. Zhao Dong, purportedly one of China’s most influential and notable Bitcoin bigwigs and a well-known over-the-counter (OTC) trader, recently made an optimistic comment on a WeChat trading group. According to 8BTC, a local media source, he claimed that while the bear market will continue to the end of 2019, buying BTC at current valuations would be a great strategy. Dong explained that as…

China’s Crypto OG Zhao Dong Believes 2019 Is The Time To Buy Bitcoin (BTC)

boss

China Bitcoin Billionaire Expects Spring To Arrive In 2020 While Bitcoin (BTC) failed to undergo a rally, investors in this nascent space have kept their heads high. Zhao Dong, purportedly one of China’s most influential and notable Bitcoin bigwigs and a well-known over-the-counter (OTC) trader, recently made an optimistic comment on a WeChat trading group. According to 8BTC, a local media source, he claimed that while the bear market will continue to the end of 2019, buying BTC at current valuations would be a great strategy. Dong explained that as…

Most Digital Tokens ‘Will Go to Zero’ Says Digital Currency Group CEO

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Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens will not have value in the long run, CNBC reports on Feb. 13. In a purported phone interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most will go to zero.” He added that, “Almost every [initial coin offering] ICO was just an attempt to raise money but there was no use for the underlying token.” ICOs experienced a boom in…

Institute of Decentralized Economics Launches in UK to Study Blockchain Economic Systems

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The Institute of Decentralized Economics (IDE) has opened in London, the United Kingdom on Feb. 14, according to a press release shared with Cointelegraph. The think tank, which is dedicated to the study of blockchain-based economic systems and their impact on existing institutions, is backed by fintech company Sweetbridge. It is purportedly designed to investigate the potential of decentralized and autonomous systems and find real use cases. Per the press release, the idea behind the IDE is to “help organizations better understand the economics that underlie the blockchain industry.” The…

Spanish City Gives $13 Mln to Develop ‘Industry 4.0’ Technologies, Including Blockchain

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The government of the Spanish city of Aragon has allocated over 12 million euros ($13 million) for the development of “Industry 4.0,” which includes blockchain technology, artificial intelligence (AI), and other emerging technologies. The news was announced by local news outlet La Vanguardia on Feb. 12. The funds —  the amount of which is reportedly twice the originally planned amount —  were co-financed by the European Regional Development Fund (ERDF) within the Operational Program of Aragon for 2014–2020. The donation will be used for the development of industrial property and…