Day: March 29, 2019

Was 2018 the End of the ICO Market? Lessons from Booms and Busts Past

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Was 2018 the End of the ICO Market? Lessons from Booms and Busts Past March 29, 2019 by Bitsonline Guest Contributor It’s ten years since the global financial crisis and nearly 20 years since the dot.com crash. We question if the crypto and ICO crash of 2018 compares, and whether we will ever learn. Guest article by Owen Hall, CEO Heliocor Also read: IBM Developing Blockchain Solution to Combat Fake Medicine in Africa Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts All three boom and bust cycles…

Ripple (XRP) Price Analysis: Fresh Increase or Further Decline?

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Ripple price started a downside correction after testing the $0.3100 resistance against the US dollar. The price traded below the $0.3080, $0.3065 and $0.3060 support levels. A replica of the previous ascending channel is formed with support at $0.3050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the correction towards the $0.3025 support before a fresh increase. Ripple price corrected lower recently from important resistances against the US Dollar and bitcoin. XRP/USD is likely to find a strong buying interest…

Ethereum Price Analysis: ETH Bulls Battling Near Key Support

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ETH price corrected lower recently after trading close to the $140 resistance against the US Dollar. The price tested the key $137 support level, which was a resistance earlier. There is a new connecting bullish trend line formed with support above $135 on the hourly chart of ETH/USD (data feed via Kraken). Bulls are currently battling near the $137 support as the price remains in a bullish zone. Ethereum price is consolidating above key supports against the US Dollar and bitcoin. ETH could pump higher once it clears the $139…

Prosecutors Drop Appeal Against Mt. Gox CEO’s Embezzlement Acquittal

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Japanese prosecutors have reportedly dropped their appeal to the acquittal of former Mt. Gox CEO Mark Karpeles, The Mainichi reports on March 29. On March 15, the CEO of the now defunct Mt. Gox cryptocurrency exchange was acquitted of charges of embezzlement, but was found guilty of tampering with financial records. According to The Mainichi, prosecutors had initially sought to appeal the acquittal on embezzlement charges, but subsequently decided to let the decision stand. Karpeles was reportedly accused of taking 341 million yen ($3 million) of customers’ money in Mt.…

IOHK Founder Charles Hoskinson Says Crypto Industry Needs More Interoperability

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Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28. Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both digital currency and traditional financial institutions. Hoskinson argued: “What we are seeing is a collection of…

Ontario Town Approves Pilot Program for Paying Property Taxes With Bitcoin

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The Ontario town of Innisfil, Canada, is now running a pilot program which will enable residents to pay property taxes with cryptocurrencies. The Innisfil Council voted to approve the program on March 27. Per the CBC, Innisfil, in partnership with cryptocurrency payment processing project Coinberry Pay, will allow its residents to pay property taxes in Bitcoin (BTC), wherein the latter will convert cryptocurrency to Canadian dollars and transfer payments to the town. The initiative may reportedly extend support to other cryptocurrencies including Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and…