April 26, 2019

Crypto Slaughter Bleeds $8 Billion Wipeout in Minutes; Bitcoin Recovers Swiftly

April 26, 2019 boss

By CCN.com: The valuation of the crypto market dropped by $8 billion in a matter of minutes after the office of New York Attorney General’s office filed a lawsuit against iFinex, alleging Bitfinex of mismanaging $850 million in Tether funds. Bitcoin fell by 7.5 percent at its day’s low point. Following the filing of the lawsuit by the Attorney General against iFinex, the bitcoin price dropped from $5,500 to $5,085 as many investors panic sold. Bitcoin is down about 5 percent in the past 24 hours (source: coinmarketcap.com) But, the…

Buterin Proposal Could Turn Ethereum Staking Into $160 Million Industry

April 26, 2019 boss

A new proposal by Vitalik Buterin, the creator of ethereum, suggests he is considering increasing rewards for validators who would secure the operation of the next version of the world’s second-largest blockchain. Ethereum 2.0 is by far the biggest upgrade on the horizon for the ethereum blockchain, today valued at $17.5 billion. Its broader goal is to erase ongoing bottlenecks to transaction throughput and significantly decrease costs on the network. Rather than relying on a proof-of-work consensus protocol whereby miners compete to bundle together blocks of transactions and add them…

Bitcoin (BTC) Price Tumbles: Is This Trend Change or Correction?

April 26, 2019 boss

Bitcoin price declined sharply after it broke the key $5,400 and $5,380 supports against the US Dollar. The price even broke the $5,000 support level and tested the $4,900 support area. There was a break below a major bullish trend line with support at $5,410 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must climb back above $5,400 to avoid a fresh drop towards the $5,000 support area. Bitcoin price declined heavily below $5,400 and $5,250 against the US Dollar. BTC is currently correcting…

Crypto Market Holding Crucial Supports: Bitcoin Cash, XLM, EOS, TRX Price Analysis

April 26, 2019 boss

The total crypto market cap tumbled sharply, but it stayed above the main $156.0B support. Bitcoin cash price declined sharply, but recovered above $268 and $270. EOS price tested the $4.60 support level and it recently bounced back above $4.70. Stellar (XLM) price is under a lot of pressure and it recently broke the $0.1000 support area. Tron (TRX) traded close to the $0.0225 support level and it is currently correcting higher. The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and altcoins. Ethereum (ETH), BCH,…

Ripple (XRP) Price Prediction: Key Support Turned Resistance

April 26, 2019 boss

Ripple price declined heavily after it broke the $0.3000 support area against the US dollar. The price broke the $0.2920 and $0.2850 support levels, and traded close to $0.2800. Yesterday’s highlighted key bearish trend line is intact with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct higher in the short term, but sellers are likely to protect $0.2980 and $0.3000. Ripple price nosedived below many important supports against the US Dollar and bitcoin. XRP tested $0.2800 and it is…

Forget The FUD, Fundstrat’s Tom Lee Sees New Bitcoin (BTC) Highs In 2020

April 26, 2019 boss

Fundstrat Head Proclaims Crypto Winter Over, Expects Bitcoin Rally Forget the FUD, Tom Lee of Fundstrat Global Advisors is still decidedly bullish. In a CNBC “Futures Now” segment released prior to this recent news regarding the legitmacy of Tether and Bitfinex’s financials, the Bitcoin (BTC) permabull explained why he is still bullish on this asset class, and why he expects for BTC to see new highs in the coming 20 months. Lee explained that there are “11 signs” that only take place in crypto bull markets, and some of those…

Forget The FUD, Fundstrat’s Tom Lee Sees New Bitcoin (BTC) Highs In 2020

April 26, 2019 boss

Ethereum (ETH) Price Tumbles Back In Bearish Zone, Sell Rallies?

April 26, 2019 boss

ETH price failed to stay above the $158 and the $160 support levels against the US Dollar. Tether drama sparked a strong declined below the $155 and $150 support levels. Yesterday’s highlighted key bearish trend line is intact with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair is back in a downtrend and sellers are likely to remain active near $155 or $160. Ethereum price tumbled below many key supports versus the US Dollar and bitcoin. ETH price even broke the $150 support…

Crypto Analyst Sees Bitcoin (BTC) Potentially Falling Further, Even After Drop To $5,200 Off Tether News

April 26, 2019 boss

Bitcoin May Have Further To Fall As Ethereum World News just covered, the cryptocurrency market hasn’t been doing all too hot in the past while. As a result of documents from the New York Attorney General’s office revealing that Tether (USDT) and Bitfinex are likely on thin financial ice, Bitcoin (BTC) has dropped dramatically. 30 minutes after the report came to light, BTC fell by almost 10% to reach just under the $5,000 resistance level, at $4,950. While Bitcoin and other cryptocurrencies have since recovered to some degree, with the…

Nike, Telegram, Facebook, and Everyone Else Suddenly Love Blockchain

April 26, 2019 boss

By CCN: Nike is launching a blockchain product. Telegram is launching a blockchain. Samsung is reportedly planning to launch its own token platform; building with Ethereum for the S10 wasn’t enough. Facebook is getting into blockchain. Google still hasn’t done much with it, but JP Morgan now uses it. The list of major corporate names edging in on the crypto space is staggeringly long. Should we be excited or turned off? Big Deal or Nah? For one thing, the development of all these new tokenized platforms is a lot of…