Month: April 2019

Bitcoin (BTC) Price Near Crucial Juncture: Can Bulls Gain Traction?

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Bitcoin price rebounded above $5,100 after a massive drop towards $4,900 against the US Dollar. The price seems to be facing a strong resistance near the $5,200 and $5,220 levels. There is a major bearish trend line in place with resistance near $5,230 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally above the $5,250 resistance or start a fresh decline in the near term. Bitcoin price is facing a significant resistance against the US Dollar. BTC is likely to climb sharply…

Crypto Market Could Defy Gravity: IOTA Rallies, Bitcoin Cash, TRX, ADA Analysis

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The total crypto market cap broke a major bearish trend line near the $166.5B resistance. Bitcoin cash price is still struggling and it recently broke the $260 support. Tron (TRX) is currently consolidating losses above the $0.0230 support level. Cardano (ADA) broke the $0.0700 support level and it could now test $0.0650. IOTA (MIOTA) climbed higher sharply by more than 10% and broke the $0.3000 resistance. The crypto market is slowly moving higher, driven by bullish moves in bitcoin (BTC). IOTA performed really well, while Ethereum (ETH), tron, ripple, LTC,…

Ripple (XRP) Price Remains At Risk Of Further Decline

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Ripple price recovered recently above the $0.2900 level and tested $0.2960 against the US dollar. The price seems to be facing a strong resistance near the $0.2950 and $0.2960 resistance levels. There is a connecting bearish trend line forming with resistance near $0.2935 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could revisit the $0.2810 level as long as it is trading below $0.2960 and $0.3000. Ripple price is facing a lot of hurdles on the upside against the US Dollar and bitcoin. XRP…

Ethereum (ETH) Price In Another Decrease As Bulls Struggle

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ETH price corrected higher recently but failed to break the $160 resistance against the US Dollar. The price is currently moving lower and it might revisit the $150 or even $146 support level. There is a key connecting bearish trend line formed with resistance at $155 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover if it surpasses the $156 resistance and the 100 hourly simple moving average. Ethereum price is facing an increase in selling pressure versus the US Dollar and bitcoin. ETH remained…

A Boost for the Industry, but Also a Distraction

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Marketing loves celebrities — and with good reason. They’re “celebrated” people, individuals invested with bulk quantities of cultural capital (i.e., public respect, goodwill and interest), which — if tapped correctly by marketing firms — can be reflected onto endorsed products. This is why they’ve already proven important for the cryptocurrency industry, which has enlisted the likes of Lionel Messi, Floyd Mayweather Jr. and Steven Seagal for the purposes of drawing the public’s attention toward initial coin offerings (ICOs) and new cryptocurrencies. But while the above have simply been endorsements offered…

IOTA Inks Game-Changing Crypto-Powered Deal with Jaguar Land Rover

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By CCN: Jaguar Land Rover has caught crypto fever. The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight. Jaguar Land Rover is testing smart wallet technology that will incentive drivers to earn crypto while driving. It sounds like a commuter’s dream come true. Drivers earn crypto rewards in exchange for sharing data surrounding “useful road [conditions]…such as traffic congestion or potholes.” That is if you don’t mind sharing information in real-time while you’re on the road. The information is…

Prominent Investors Are Sure The Bitcoin (BTC) Bottom Has Been Established: Why?

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Analysts Lean Bullish (Almost) Across The Board Last week, Willy Woo, a prominent crypto researcher, released what has to be the biggest collection of analyst opinions in a while. According to the data he gathered, most prominent Bitcoin traders, investors, and chartists, are sure that the cryptocurrency bottom was established when BTC hit $3,150 in December. I surveyed notable influencers, analysts and traders for their probability that the bottom is in for this bear market. Here are the results: 95% @woonomic (Adaptive Capital / On-chain Analyst)90% @jespow (Kraken founder)90% @arjunblj…

Samsung SDS Unveils Enterprise Blockchain Middleware, Nexledger Universal

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Bitcoin (BTC) Unlikely To Surmount $6,000 Until Late-2019, Historical Analyst Suggests

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Bitcoin May Remain Trapped Under $6,000 For Now Analysts, like Crypto Rand, fully expect for Bitcoin (BTC) to soon break past the $6,000 resistance level. However, one analyst going by “Wusten” recently argued that if cryptocurrencies follow their historical long-term trends, BTC may remain trapped under $6,000 until late-2019 or even 2020. In a recent Twitter post, Wusten noted that Bitcoin follows long-term (three or four year) cycles that see BTC rally parabolically higher each time. According to his analysis, Bitcoin has recently exited the capitulation phase, which saw the…

Funding for ProgPoW 3rd-Party Audit Approved

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Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units of decentralized, Ethereum-based USD-pegged stablecoin DAI had been reached. The funds were reportedly crowd-sourced through donations. Jameson noted that the audit is set to begin “this week or next week hopefully.” ASIC refers to mining…