Month: April 2019

Crypto Market Approaching Next Break: Bitcoin Cash, Litecoin, EOS, XLM Analysis

boss

The total crypto market cap is currently placed nicely above the $162.5B and $164.0B supports. Litecoin (LTC) price is currently trading below $70.00, but it could recover in the short term. Bitcoin cash price declined below $250 and it remains at a risk of more losses. EOS price is under pressure and it could face sellers near $4.65 or $4.70 in the coming sessions. Stellar (XLM) price is likely to make an attempt to regain the $0.1000 pivot level. The crypto market cap is forming a breakout pattern, with range…

Ripple (XRP) Price Trading Near Key Inflection Point: Bear or Bottom?

boss

Ripple price managed to stay above the $0.2850 support area against the US dollar. The price is currently facing a strong resistance near the $0.2900 and $0.2910 levels. There is a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either recover above $0.2950 or start a fresh decline below the $0.2850 support. Ripple price is currently consolidating in a tight range against the US Dollar and bitcoin. XRP is likely to make the…

Ethereum (ETH) Price Forecast: Short Term Upside In Play

boss

ETH price seems to be forming a decent support near the $150 level against the US Dollar. The price corrected higher and traded above the $154 resistance level. There was a break above a connecting bearish trend line with resistance near $152 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further higher towards $160 if it settles above the 100 hourly simple moving average. Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH bulls could succeed in starting…

Bitcoin (BTC) Could Spike To $5,600 If Litecoin’s Trend Is Followed

boss

Investors Flip Bullish on Bitcoin as $5,200 is Held For some reason or another, as Bitcoin (BTC) has held at $5,200 for days on end after the Bitfinex and Tether news broke, investors have begun to flip bullish on cryptocurrencies yet again. In a recent tweet, JaminXBT, a lesser-known yet still astute trader, noted that there is a “hidden bullish divergence” on Bitcoin’s daily chart, which looks near identical to Litecoin’s chart from a few weeks back. A bullish divergence, in the context of Jamin’s analysis, is when prices head…

Want to Understand Bitfinex? Understand Mt. Gox  

boss

Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. Sina Nader was a professional money manager at Morgan Stanley as well as Credit Suisse and is now head of investor relations at Pactum. The views expressed are those of the authors and are not investment advice. “History doesn’t repeat itself, but it often rhymes” This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges.…

Elon Musk Shills Ethereum, Price Goes from Red to Green

boss

By CCN: Elon Musk might have the SEC breathing down his neck about Tesla, but he’s having some fun with crypto Twitter. In a one-word tweet, he single-handily drew in the entire crypto community to his thread.  The Tesla CEO simply said “Ethereum.” After he let the cat out of the bag, the ETH price started moving, erasing declines that have weighing on the second-biggest cryptocurrency all day and turning them into gains, albeit briefly. Elon Musk might want to tread lightly or he’ll get the SEC after him yet…

Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report

boss

In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29.   One victim claimed on a Dutch tech forum to have lost just over 1 bitcoin (BTC), or almost $5,400 at press time, when hackers used his email account to reset his password and gain access to his Kraken account on March 31st.  Several Reddit users attested to similar experiences.   According to…

FedEx Executive Advocates for Industry Blockchain Standards

boss

Rob Carter, the chief information officer of American delivery services company FedEx, has called for uniform standards in the blockchain industry, tech-focused media outlet Computerworld reported on April 25. Speaking at the Blockchain Global Revolution Conference, Carter argued that mandated standards would help create uniformity for blockchains used in supply chains. He also noted the technology’s ability to improve the tracking of a good’s provenance and streamline the shipping process: “There is an incredible amount of information moving with an international package. An incredible amount of paperwork [such as] certificates…

Canadian Regulator Introduces New Rules for Crypto Mining

boss

Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29. Under the new regulations, the Régie de l’énergie has ordered power producer Hydro-Quebec to allocate 300 megawatts (MW) to the blockchain industry. “This 300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Quebec, and to the 210 MW granted to existing customers approved by municipal distributors,” the announcement further explains.…

Do Jaguar Land Rover & IOTA Hold the Key to Mass Crypto Adoption?

boss

By CCN: Jaguar Land Rover produced over 600,000 vehicles last year. For a luxury brand, this is a substantial output. Tesla, by comparison, produced under 250,000. The news broke sometime yesterday afternoon that JLR is utilizing the IOTA tangle (blockchain) for their new cryptocurrency program. They’re going to have on-the-go payments (such as tolls, similar to EZ Pass) and also pay owners for data collected. According to the company: “[O]wners earn credits by enabling their cars to automatically report useful road condition data such as traffic congestion or potholes to…