Month: February 2019

Coinbase CEO Brian Armstrong Tackles Four ‘Myths’ About Crypto Custody

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Brian Armstrong, co-founder and CEO of United States crypto exchange and wallet Coinbase, has outlined what he believes to be four common misconceptions about crypto custody solutions. His article was published on Fortune’s crypto-focused segment The Ledger on Feb. 22. Cold storage refers to a method of keeping crypto holdings and users’ private keys offline in order to safeguard against theft via a remote attack. Hot storage, conversely, refers to storage on a device that has an active connection to the internet. Armstrong’s first argument tackles the perception that hot…

Bitcoin Price Watch: BTC Bulls And Bears Lock Horns For Next Break

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Bitcoin price spiked towards the $4,000 resistance, but failed once again versus the US Dollar. The price traded lower and broke the $3,950 and $3,940 support levels. There was a break below a connecting bullish trend line with support at $3,925 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported above $3,860 and the 100 hourly simple moving average. Bitcoin price is still facing a strong resistance near the $4,000 zone against the US Dollar. BTC bears and bulls locked horns as…

Crypto Market Targets Fresh Highs: Bitcoin Cash, EOS, XLM, TRX Price Analysis

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The total crypto market cap declined recently, but it found support near the $126.5B level. Bitcoin cash price corrected lower and declined below the $146 and $145 support levels. EOS price is currently consolidating gains above the $3.85 support area Stellar (XLM) corrected higher, but it struggled to break the $0.0920 resistance area. Tron (TRX) is confined in a range below the $0.0255 resistance area. The crypto market is holding a crucial support and it could bounce back. Bitcoin (BTC), BCH, Ethereum, EOS, ripple, stellar (XLM), tron (TRX) and other…

Ripple Price Analysis: XRP Signaling Bearish Extension In Short Term

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Ripple price failed to stay above the $0.3250 and $0.3200 support levels and declined against the US dollar. This week’s followed major bullish trend line was breached with support near $0.3245 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair declined below $0.3200 and tested the next key support near the $0.3140 level. The current price action is slightly bearish, suggesting more losses towards the $0.3050 support area. Ripple price failed to hold gains and declined recently against the US Dollar and bitcoin. XRP/USD could…

IBM Blockchain Head: Bitcoin (BTC) Could See $5,000 By 2019’s End, But $1M Eventually

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Bitcoin Could Hit $1 Million… Eventually It seems that the season of Bitcoin price predictions is on this nascent sector yet again. In a recent interview with Finder.com’s crypto branch, held at the Think Conference, IBM’s pro-Stellar blockchain division lead touted that he is optimistic in regards to the cryptocurrency market. Speaking to Fred Schebesta, Jesse Lund, who has quickly become an integral facet of the technology giant’s swelling blockchain division, noted that by the end of 2019, he expects Bitcoin to be at a casual $5,000. This represents a…

IBM Blockchain Head: Bitcoin (BTC) Could See $5,000 By 2019’s End, But $1M Eventually

boss

Bitcoin Could Hit $1 Million… Eventually It seems that the season of Bitcoin price predictions is on this nascent sector yet again. In a recent interview with Finder.com’s crypto branch, held at the Think Conference, IBM’s pro-Stellar blockchain division lead touted that he is optimistic in regards to the cryptocurrency market. Speaking to Fred Schebesta, Jesse Lund, who has quickly become an integral facet of the technology giant’s swelling blockchain division, noted that by the end of 2019, he expects Bitcoin to be at a casual $5,000. This represents a…

Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

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ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar. The price seems to be facing a strong resistance near the $148 and $150 levels. There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $140 support to clear the $150 barrier in the near term. Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could…

Elon Musk Assures He Only Owns 0.25 Bitcoin (BTC) After Lauding Crypto

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Tesla CEO Musk Only Owns 0.25 Bitcoin (BTC) Last February, near the peak of the previous crypto bull run, Elon Musk took to Twitter to get his spot on the hype train. But his comment wasn’t what many were expecting. The Tesla chief executive and long-time technology guru noted that he “literally owns zero cryptocurrency,” save for 0.25 Bitcoin (BTC) that an unnamed friend sent him “many years ago.” At the time he issued that tweet, BTC was trading for $2,500, meaning that his crypto holdings were effectively nothing compared…

Telegram TON Network to Launch by October 2019 or Token Contracts Are Void

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Purchase agreements for messenger service Telegram’s Gram tokens will be terminated if the Telegram Open Network (TON) does not launch by October 31, 2019. An apparent purchase agreement with the said terms was obtained by Cointelegraph on Feb. 21. The agreement details the legal niceties of Gram token purchases, outlining regulations for different jurisdictions in regard to the distribution of the tokens. Notably, it states that, should network not be released by October 31, 2019, the contract will be considered null and void. While the document provides the name of…

New Platform Converts Crypto to Fiat Without Know Your Customer Requirements

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Cryptocurrency wallet MyEtherWallet (MEW) in collaboration with crypto finance firm Bity are releasing a platform to convert cryptocurrency to fiat without Know Your Customer (KYC) requirements. MEW announced the news in a blog post published on Feb. 20. Per the announcement, users of the MEW V5 wallet are now able to exchange up to 5,000 Swiss Francs ($4,995) worth Bitcoin (BTC) and Ethereum (ETH) to euros and Swiss francs without going through KYC requirements inside the wallet. Users can purportedly make the exchange from any part of the world. KYC…