Day: March 19, 2019

Social Media FUD Triggers Departure of Ethereum Classic Developer

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Another coder from a leading blockchain project is throwing in the towel. This time, it’s Anthony Lusardi, who is resigning from his post as U.S. director of the Ethereum Classic Cooperative. Lusardi is leaving because he “simply cannot deal anymore,” according to his explanation. It’s the second high-profile developer defection in as many months, with Ethereum’s Afri Schoedon abruptly announcing his departure from the second biggest blockchain project in February. And while Lusardi is leaving the coop, he will remain involved with Ethereum Classic. He’s blaming an exasperating experience with…

Bitcoin (BTC) Price Watch: Market Presents Last Chance To Buyers

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Bitcoin price struggled to climb above the $3,990 and $4,000 resistance levels against the US Dollar. The price declined again and retested the key $3,940 support area and the 100 hourly SMA. There is a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). Buyers might have the last chance for an upside break above the $4,000 resistance. Bitcoin price is holding an important support near $3,940 against the US Dollar. BTC is likely to make…

Crypto Market Testing Crucial Support: XLM, Bitcoin Cash, EOS, TRX Analysis

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The total crypto market cap corrected lower recently and tested the $132.0B support area. Bitcoin cash price started a downside correction after testing the $165 resistance. EOS price is slowly moving lower towards the $3.70 support level. Stellar (XLM) price is up more than 4% and broke the $0.1120 and $0.1140 resistances. Tron (TRX) is currently flat near the $0.0230 support level. The crypto market is trading above key supports, with range moves in bitcoin (BTC) and Ethereum (ETH). Stellar (XLM) gained traction, while BCH, EOS, ripple and tron (TRX)…

Ripple Price Analysis: XRP At Risk In Short Term Before Fresh Increase

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Ripple price carved a short term top near the $0.3200 level and declined recently against the US dollar. The price failed to stay above the $0.3160 support and moved into a bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded below $0.3140 and it is now at a risk of more losses towards $0.3080 or $0.3060. Ripple price failed to capitalize on recent gains against the US Dollar and bitcoin.…

Ethereum Price Analysis: ETH Turned Vulnerable Below $140

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ETH price failed to climb above the $140-141 resistance area and declined against the US Dollar. The price even broke the $137 support level and traded to a new weekly low near $135. This is a major bearish trend line formed with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken). The pair may extend the current downside correction if it fails to surpass the $140 resistance area. Ethereum price is slowly moving into a bearish zone against the US Dollar and bitcoin. ETH is now…

Craig Wright Filed 114 Blockchain-Related Patents Since 2017

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Craig Wright, an Australian computer scientist who has sometimes claimed to be Bitcoin (BTC) creator Satoshi Nakamoto, has reportedly applied for a slew of blockchain-related patents since 2017. Tech news site The Next Web (TNW) published its research regarding Wright’s patent filings on March 18. TNW reports that, since August 2017, the World Intellectual Property Organization (WIPO) has published 155 patent applications filed by Wright. As with the United States Patent and Trademark Office, the WIPO publishes patent applications to notify the public that there is a potential new technology…

Why the Crypto Elite Are Increasingly Relying on Personal Security

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Security is paramount in crypto. “Keep your hardware wallets safe,” we’re told. “Keep your private keys safe.” “Keep your seed words safe.” “Keep your computer safe.” This list could go on almost indefinitely, and while you might be forgiven for assuming that it contained only objects of an electronic or cryptographic constitution, you’d be wrong. Because one of the most important links in this chain of security is your own self. Yes, what good is a securely held private key if thieves force you at gunpoint to tell them what…

Japan Introduces New Regulations for Cryptocurrency Margin Trading

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Japanese financial regulators have reportedly introduced new regulations for cryptocurrency margin trading, local news agency Nikkei reported on March 18. The Cabinet of Japan, the executive branch of the country’s government, has reportedly approved draft amendments to Japan’s financial instruments and payment services laws, limiting leverage in cryptocurrency margin trading at two to four times the initial deposit. Margin trading is the use of borrowed funds from a broker to trade a financial asset, thus forming a collateral for the loan. The new rules — which are reportedly et to…

Australian Government Pledges Measly $100K Towards Blockchain Development

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Australia’s Karen Andrews of the Ministry for Industry, Science and Technology is pledging $100,000 towards furthering blockchain development. In a press release, Andrews says her department will put the money towards “regulation, skills and capacity building, and international competitiveness and collaboration.” It’s a solid step forward in the nation’s fight to become a global blockchain leader. Unfortunately, the funds are significantly lower than previous offers like one billion AUD towards IBM’s blockchain developments for Australia’s government. The move leads enthusiasts to question what impact such a tiny sum could really…