Day: April 16, 2019

Ripple (XRP) Price Could Retest $0.3000 Before Fresh Upside

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Ripple price failed near the $0.3370 level and declined below the $0.3250 support against the US dollar. The price traded to a new weekly low at $0.3134 and remains at a risk of more losses in the short term. There is a major bearish trend line formed with resistance near $0.3285 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend the current decline and it may even revisit the key $0.3000 support area. Ripple price failed to gain bullish momentum against the US…

Ethereum (ETH) Bulls Are Not out of Woods Yet

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ETH price failed to clear the $170 resistance and extended losses against the US Dollar. The price declined to a new weekly low at $155 before correcting above the $160 level. There is a key bearish trend line in place with resistance at $166 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip again, but buyers are likely to take a strong stand near $155 or $150. Ethereum price extended losses recently versus the US Dollar and bitcoin. ETH might remain under pressure in the…

Why Coinbase’s Move Into Proof-of-Stake Matters

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Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further? That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts. “We’re hoping to bring online, frankly, the majority of institutional investors,” Coinbase Custody CEO Sam McIngvale told CoinDesk. “We’re growing these three assets under custody and hoping…

Why Coinbase’s Move Into Proof-of-Stake Matters

boss

Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further? That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts. “We’re hoping to bring online, frankly, the majority of institutional investors,” Coinbase Custody CEO Sam McIngvale told CoinDesk. “We’re growing these three assets under custody and hoping…

Bitcoin (BTC) Could Slowly Collapse To $3,600 If Textbook Trend Plays Out

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Bitcoin Could See 15% to 20% Pullback Next Week An analyst with the moniker “Magic Poop Cannon” recently warned investors that Bitcoin (BTC) could see a large pullback in the coming weeks. In an analysis posted to Trading View, Magic explained that BTC’s rally from $3,400 in January to $5,450 just last week “painted half of an enormous evening star doji pattern,” adding that the movement has been in “textbook formation” thus far. For those who missed the memo, an evening star is a reversal pattern, in which there is…

Largest Travel Management Firm in UK Accepts Bitcoin

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Corporate Traveller, the largest travel management firm in the United Kingdom, is now accepting Bitcoin (BTC) for payments, according to a press release on April 15. A newly announced partnership with crypto payments company BitPay will allow Corporate Traveller — which provides business travel management services to SME companies — to accept bitcoins. Andy Hegley, U.K. General Manager at Corporate Traveller said: “We identified an increasing demand from our clients for the option to pay in bitcoin for business travel bookings made by our travel consultants. We chose BitPay to…

ShapeShift to Delist Bitcoin SV, Kraken Considers Following Suit

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After crypto exchange Binance’s decision to delist Bitcoin SV (BSV), anonymous exchange ShapeShift has also decided to drop the cryptocurrency, with Kraken considering to follow suit. In a tweet posted on April 15, ShapeShift CEO Erik Voorhees revealed that the company came to a decision to stop listing BSV: “We stand with @binance and CZ’s sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.” The announcement drew a negative response from some community members, with one commentator saying that “this action by you smacks of PayPal…