February 2019

Crypto Market Struggle Continues: Litecoin (LTC), BCH, TRX, ADA Price Analysis

February 27, 2019 boss

The total crypto market cap is slowly correcting higher towards the $128.0B resistance level. Litecoin (LTC) price is currently consolidating above the $45 support level. Bitcoin cash price is slowly moving lower (down more than 2%) towards the $130 support level. Tron (TRX) is at a risk of a sharp decline below the $0.0242 and $0.0240 support levels. Cardano (ADA) price could decline further towards the $0.0400 support level in the near term. The crypto market is showing signs of an upside correction, with moves in bitcoin (BTC) and Ethereum…

Ripple Price Analysis: XRP Turned Bearish Again, Could Retest $0.3000

February 27, 2019 boss

Ripple price failed to break the $0.3380 and $0.3400 resistance levels against the US dollar. The price traded lower and broke the $0.3220 and $0.3200 support levels to move into a bearish zone. There is a short term breakout pattern formed with resistance at $0.3155 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline further if there is a downside break below the $0.3100 support. Ripple price rally after the Coinbase Pro listing failed to gain pace against the US Dollar and bitcoin.…

Tron CEO Justin Sun Adamant That Bitcoin (BTC) Bottomed, But Doesn’t Expect Breakout

February 27, 2019 boss

Bitcoin Bear Market Over, Claims Tron’s Sun While Bitcoin underwent a drastic drop on the weekend, falling $400 within a matter of an hour on Sunday, BTC remains far above the levels it reached in mid-December 2017. Thus, many have begun to argue that there’s a high likelihood that the cryptocurrency asset class is nearing a bottom, or has established one already. Although many calls that the bears are done with their bloodshed have been made by optimistic common Joes and Jills, Justin Sun, the chief executive of the Tron…

Ethereum Price Analysis: ETH Targets Fresh Weekly Lows Below $130

February 27, 2019 boss

ETH price failed to move above the $140 and $142 resistance levels against the US Dollar. The price broke the $136 support and it seems like it could continue to move down in the near term. Yesterday’s highlighted key breakout pattern was breached with support at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it could trade below the $131 and $130 levels. Ethereum price failed to recover above key levels against the US Dollar and bitcoin. ETH/USD is…

China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top

February 27, 2019 boss

China’s Center for Information and Industry Development has released its latest ranking of crypto projects. A total of 35 projects were evaluated this month, with Tron debuting near the top of the list. Meanwhile, Bitcoin has climbed up the ranking slightly. Also read: Bitcoin Climbs up China’s First Crypto Ranking of 2019 New Ranking, Tron Added The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 10th update of its crypto project ranking on Tuesday. The center noted that this is the…

China’s New Crypto Ranking: Bitcoin Upgraded, Tron Debuts Near Top

February 27, 2019 boss

Sony and Fujitsu Develop Blockchain Platform to Fight Fake Educational Qualifications

February 27, 2019 boss

Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu have created an encrypted database for educational proficiency documents, The Asahi Shimbun reports on Feb. 26. The database, which reportedly employs blockchain technology, is used to prevent forgeries of language proficiency documents, which some foreigners purportedly use to receive resident status to study in Japan. Foreigners must submit a Japanese language proficiency certificate to the Immigration Bureau in order to receive resident status to study in Japan. Said certificates can be issued by Japanese educational institutions abroad. Japanese language schools…

Catching The Exact Bitcoin (BTC) Bottom Is Dangerous: Crypto Analyst

February 27, 2019 boss

Don’t Worry About The Bitcoin Bottom Finding the long-term bottom for the Bitcoin price has been likened to trying to catch a falling knife. Case in point, after trading above $6,000 for much of the summer season, BTC fell drastically in November, as the asset rapidly fell through key support levels that were deemed to be viable contenders for a floor. Yet, this hasn’t stopped optimistic traders from speculating. Many argue that $3,150, which BTC found itself on December 14th of last year, could likely be the lowest price point…

These Bitcoin Easter Eggs Are Hidden in Plain Sight

February 27, 2019 boss

Easter eggs are everywhere if you know where to look. Spanning all seasons and all forms of multimedia, these inside jokes, hidden puzzles and cryptic messages typically surface in video games, movies, DVD menus and computer software. For cryptocurrency connoisseurs, Bitcoin-based easter eggs are particularly special. Extremely rare and esoteric, their existence can be traced back to Bitcoin’s very beginning. Also read: Cashshuffle Participants Mix $20K of Bitcoin Cash in One Transaction The Storied History of Easter Eggs Easter eggs, defined as a “message, trick, or unusual behavior hidden inside…

Jamie Dimon Says JPM Coin Could Eventually Find Consumer Use

February 27, 2019 boss

JPMorgan Chase CEO Jamie Dimon has said that the company’s new cryptocurrency JPM Coin could have a consumer use one day, CNBC reported on Feb. 26. During a question-and-answer session, Dimon reportedly stated that “JP Morgan Coin could be internal, could be commercial, it could one day be consumer.” The coin would purportedly find its use for retail payments. United States banking giant JPMorgan Chase announced plans to launch its own cryptocurrency in a U.S. banking first on Feb. 14, in a bid to increase settlement efficiency, initially within three…