Day: April 22, 2019

Campaign to Raise $1 Mln in Crypto for Venezuelans Registers 60,000 Beneficiaries

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A charitable campaign to enable the direct transfer of $1 million in crypto donations to Venezuelans has registered around 60,000 verified beneficiaries and raised $272,000 to date. The news was revealed in an interview with the campaign’s leader, Steve Hanke, with National Public Radio on April 21. Professor Hanke is a professor of applied economics at Johns Hopkins University who reportedly served as economic adviser to former Venezuelan president Rafael Caldera between 1995 and 1996. Professor Hanke outlined that the campaign, dubbed “Airdrop Venezuela,” is using the existing blockchain and…

Why ATB Coin’s Legal Encounter Sets Precedent in New York for Future Securities Violations

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If there’s anything to take away from this federal class-action suit, it’s that this new opinion on ATB Coin provides further guidance on when a token might be considered a security under securities law in the United States. For those with a legal background, this piece is set up in a similar way to a case brief you probably remember from law school. But even without a legal background, here’s some guidelines on how to read this. A traditional case brief outlines the factual background, issues, rule of law, and…

Bitcoin (BTC) Price Near Crucial Juncture With Bulls In Control

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Bitcoin price failed to gain momentum above $5,350 and corrected lower against the US Dollar. The price declined below the $5,300 level and tested the key $5,200 support area. There is a crucial bullish trend line in place with support at $5,245 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is approaching the next key break either above the $5,300 resistance or towards $5,200. Bitcoin price recently corrected lower, but it remained well supported against the US Dollar. BTC is now preparing for the…

Crypto Market In Corrective Decrease: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap recently broke the key $170.0B support area. EOS price declined sharply and broke the $5.40 and $5.25 support levels. Bitcoin cash price declined around 4% and broke the $295 and $290 support levels. Tron (TRX) price failed to gain traction and cleared the $0.0252 support zone. Cardano (ADA) price is under pressure and it could decline towards the $0.0700 support. The crypto market is in a corrective decrease, with losses in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB, and other…

Ripple (XRP) Price Showing Bearish Signs But $0.3130 Holds Key

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Ripple price failed to gain strength above the $0.3350 resistance area against the US dollar. The price broke the $0.3280 and 0.3250 support levels to move into a bearish zone. There was a break below a major bullish trend line with support at $0.3320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more losses if the bulls fail to defend the $0.3130 support area. Ripple price is under a lot of selling pressure against the US Dollar and bitcoin.…

Ethereum (ETH) Price Correcting Gains But Remains Buy on Dips

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ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar. The price traded towards the $178 level and later started a downside correction below $172. There is a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either climb back above $171 or correct lower further towards the $166 support area. Ethereum price started a downside correction versus the US Dollar, but remained flat against bitcoin. ETH could…