Day: February 19, 2019

Ripple Price Analysis: XRP Signaling Bullish Continuation

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Ripple price followed Ethereum and bitcoin to move into a bullish zone above $0.3100 against the US dollar. Buyers gained traction above the $0.3100 and $0.3150 resistance levels before sellers appeared near $0.3290. There is a key bullish trend line formed with support near $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently correcting lower, but it remains supported above $0.3160 and $0.3140. Ripple price jumped above key resistance levels against the US Dollar and bitcoin. XRP/USD is now trading with a…

Ethereum Price Analysis: ETH Rally Takes Break, Uptrend Intact Above $140

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ETH price extended the recent rally and traded above the $144 and $148 resistances against the US Dollar. The price traded close to the $150 level and later started consolidating gains above $145. There is a major bullish trend line in place with support at $142 on the hourly chart of ETH/USD (data feed via Kraken). There could be a short term downside correction, but buyers remain in action above $140. Ethereum price posted solid gains against the US Dollar and bitcoin. ETH/USD tested the $150 resistance area and it…

Bitcoin Spikes but EOS Skyrockets 25% in 24 Hours; How Far Can It Go?

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EOS, the Enterprise Operating System, which was developed by Block One, saw a huge increase, more than double that of Bitcoin by percentage, in the past couple days. The base token had been pushing the $3 mark while Bitcoin bumpered around inside the $3600 range. When the Bitcoin price broke upwards last night, EOS went along with it – importantly, fiat markets didn’t adjust to the increased value of Bitcoin, but instead followed suit. EOS had been wanting that $3 level for a long time. When it finally got there,…

Alleged Bitcoin Mining Scam Reported in Thailand

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Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18. Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam called “CryptoMining.Farm.” This purportedly led the loss of 42 million baht ($1.34 million). Local authorities reportedly suspect that a total of 140 individuals were affected by the scam. CryptoMining.Farm, which has offices registered in both Bangkok and Chiang Mai, supposedly…

Blockchain Startup Takes on Mainstream Crowdfunding Sites to Cut Number of Failed Projects

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A new blockchain platform is vowing to take on established crowdfunding sites — and argues that their lack of accountability means greater numbers of projects fail to deliver what they promised. Pledgecamp says its approach involves offering transparency through the form of smart contracts — and ensuring that entrepreneurs and the platform they host their projects on are equally invested in a campaign’s success. One of the startup’s features is known as Backer Insurance. Instead of funds being released in full as soon as a target is met, project creators must…

Owner of Indeed and Glassdoor Job Search Engines Invests In Privacy Coin Project Beam

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Japanese employment information services company Recruit Co., Ltd. has invested in a blockchain-focused company Beam Development Limited, according to an announcement published on Feb. 18. Per today’s press release, Recruit has invested in Israeli blockchain startup Beam Development Limited. The investment was made through Recruit’s $25 million fund called RSP Blockchain Tech Fund Pte. Ltd. The latter is focused on investing and acquiring shares in blockchain and cryptocurrency companies. Beam is a privacy-oriented crypto project that purportedly secures transactions by enabling transaction data to be verified by a specified third…

Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

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Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also Read: More Than 30% of BTC Traffic Stems from the Veriblock Project Unraveling Bitcoin’s Security Budget Paul Sztorc has written another thought-provoking essay that has got many of the ‘bitcoin intellectuals’ talking. “Security Budget in the…

Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security

boss

Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period of time and suggests rather than giving up the fees to competition, a dominant protocol should collect fees “from all networks.” Also Read: More Than 30% of BTC Traffic Stems from the Veriblock Project Unraveling Bitcoin’s Security Budget Paul Sztorc has written another thought-provoking essay that has got many of the ‘bitcoin intellectuals’ talking. “Security Budget in the…