Day: March 12, 2019

Bitcoin Will Soon See ‘Bull Cross’ in First Since August 2018

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View Bitcoin’s 50-day moving price average could soon move above the 100-day moving average, confirming its first bullish crossover in seven months. While the bullish crossover is a lagging indicator, the current slope of the MAs is signaling bearish exhaustion. So, bitcoin could rise toward $4,236 (Dec. 24 high) in the near future, as suggested by other longer duration indicators and the bullish candle created on Feb. 27. The bullish case would weaken if prices find acceptance below $3,658 (Feb. 27 low). A widely-followed bitcoin (BTC) price indicator is about…

Bitcoin Will Soon See ‘Bull Cross’ in First Since Since August 2018

boss

View The 50-day moving average of bitcoin’s price could soon move above the 100-day moving average, confirming the first bullish crossover in seven months. While the bullish crossover is a lagging indicator, the slope of the MAs does confirm bearish exhaustion. So, bitcoin could rise toward $4,236 (Dec. 24 high) in the near future, as suggested by other longer duration indicators and the bullish candle created on Feb. 27. The bullish case would weaken if prices find acceptance below $3,658 (Feb. 27 low). A widely-followed bitcoin (BTC) price indicator is…

Is Bitcoin Price Drop Inevitable?

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If you take one look at Coin Market Cap, it becomes easily apparent that cryptocurrency trading is reaching multi-month highs. However, researchers claim that many established crypto exchanges are reporting billions in false volume each and every day, potentially setting precedent for a nasty drop in the Bitcoin price. Related Reading: Kraken’s $1 Billion Futures Trading Volume Prove Crypto Demand is Very High Booming Crypto Volume For much of late-2018, exchanges in this space saw little traffic. Case in point, the daily nominal value of cryptocurrency trades fell under $10…

Blockchain Video Company Linius Connects Prototype to Blockchain-Centric Video Player

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Linius Technologies Limited, a cloud-based solution that transforms static video into hyper-personalized video experiences with its patented Video Virtualization Engine (VVE) – plans to showcase what they say is the world’s first virtual video blockchain in a live webinar, Wednesday 20th March at 2 pm Australian Eastern Daylight Time (AEDT). advertisement “Linius aims to fulfil the promise of blockchain and move beyond cryptocurrencies,” said Linius CEO, Chris Richardson. “We feel this is the natural evolution of our anti-piracy strategy and we aim to use blockchain to protect, distribute and monetize…

Ethereum User Who Accidentally Paid $365,000 Fee Splits Loss With Mining Pool Sparkpool

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Ethereum (ETH) mining pool Sparkpool confirmed it had come to an arrangement with a user who accidentally sent it over $300,000 in mining fees on March 11. The mix-up, which occurred on Feb. 19, involved an Ethereum user apparently confusing the fields required to send an ETH transaction. Three transactions broadcast to the Ethereum network with a combined total mining fee of 2,730 ETH (currently worth about $365,800). While the circumstances behind the event remain unknown, Sparkpool subsequently agreed to refund half of the the 2,100 ETH mining fee, which…

German Gov’t Hearing Takes Regulators to Task for Lack of Legal Framework on Blockchain

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German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty for applications of blockchain technology, representatives from the country’s Free Democratic Party (FDP) have argued. An FDP proposal, entitled “Creating a Sustainable Framework for Distributed Ledger Technology in the Financial Market,” was put forward during a public hearing held by the Bundestag’s Finance Committee on March 11. The hearing gathered regulators, entrepreneurs, legal experts and others to respond to the FDP’s proposal, which argued for the importance of creating a legal…

This Cryptocurrency Surged 200% after a Good Old Pump from Mastercard

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On March 11, Groestlecoin surged by 206 percent against the U.S. dollar within several hours, easily outperforming Bitcoin and the rest of the crypto market. Groestlecoin has retracted by a small margin since its initial spike but it still remains up by more than 172 percent against Bitcoin. 7-Day Groestlecoin Price Chart (Source: Coinmarketcap.com) Meanwhile, the Bitcoin price remained stable at $3,880, unable to break out of key resistance levels above the $4,000 mark. What Caused Groestlecoin to Surge and Will Tokens Continue to Outperform Bitcoin? On Monday, the Groestlecoin…

US SEC’s Finhub Launches Series of Meetups to With Crypto, Fintech Communities

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The Strategic Hub for Innovation and Financial Technology (Finhub) at the United States Securities and Exchange Commission (SEC) will host a series of local peer-to-peer (p2p) meetups across the country. The initiative, which aims to engage more actively with the crypto and wider fintech community, was announced via the agency’s website on March 6. As previously reported, Finhub was created in fall 2018 with the aim of facilitating the SEC’s engagement in fintech-related fields, including, among others, distributed ledger technology (DLT) and digital assets. Finhub’s p2p meetups will reportedly allow…

Switzerland’s National Exchange is Listing an XRP Investment Product

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SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, could list an XRP Exchange Traded Product soon. This was made known in a report in BlockCrypto, on Monday. The XRP ETP, which is floated by Swiss crypto startup Amun AG, will be launched under the “AXRP” ticker. The exact launch date of the XRP ETP is unknown, but buyer interest will play a part in the upcoming ETP. Amun also announced a $4 million funding round from Boost VC founder Adam Draper, son to Bitcoin bull and VC Tim Draper…

EY Executive Says Bitcoin Has No Practical Use in India

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An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval ‘No Practical Use’ Paul R. Brody, EY’s Global Innovation Leader (Blockchain), has shared his thoughts on the future of the crypto industry in India after his…