Day: May 15, 2019

Crypto Market Aims $250 Billion Cap: Bitcoin Cash, Litecoin, EOS, XLM Analysis

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The total crypto market cap is climbing higher steadily and recently tested the $237.0B level. Bitcoin price is placed nicely above the $8,000 level and it remains supported near $7,800. Litecoin (LTC) price is moving higher towards the $95.00 and $100.00 resistance levels. Bitcoin cash price is currently correcting lower, but it remains supported near $385 and $380. EOS price is now well above the $6.00 level and it seems like the bulls could clear $6.20. Stellar (XLM) price is up more than 10% and it recently cleared the $0.1150…

Ripple (XRP) Price Starts Significant Uptrend: Can It Test $0.50?

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Ripple price is up more than 15% again today and it recently broke $0.420 against the US dollar. The price surged above the $0.4300 level and traded to a new 2019 high near the $0.4480 level. There is a major ascending channel forming with support near $0.4080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a significant uptrend and it could continue higher towards $0.4600 or $0.5000. Ripple price remained in a strong uptrend and climbed against the US Dollar and bitcoin.…

Ethereum (ETH) Price Hits First Target: $240 Could Be Next

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ETH price climbed above the $210 resistance level and tested the $225 level against the US Dollar. The price remains in a strong uptrend and it could soon test the $240 resistance area. There is a new short term bullish trend line forming with support near $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $215 and $210 levels. Ethereum price climbed sharply above $220 versus the US Dollar, and recovered a few points vs bitcoin. ETH price…

Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists –

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Bitcoin Could Rally By 2,400% From The Bottom As Bitcoin has returned over the past few days, many have been left asking where the cryptocurrency market could top. It may be a bit too early to tell, but some are that optimistic. Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns. As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus,…

Bitcoin (BTC) Could Peak At $80,000 If Crypto’s Cyclicality Persists –

boss

Bitcoin Could Rally By 2,400% From The Bottom As Bitcoin has returned over the past few days, many have been left asking where the cryptocurrency market could top. It may be a bit too early to tell, but some are that optimistic. Level’s Josh Rager notes that over Bitcoin’s three completed cycles, the trough to peak gains decreased by around 80% each time, which is a concept defined by the law of diminishing returns. As Rager notes, 2011’s rally saw a return of 320,000%; 2014, 58,500%; and 2017, 12,000%. Thus,…

SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

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The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make a decision on one of them next week. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request SEC Commissioner: Time Is Right for Bitcoin ETF At the Consensus 2019 conference in New York…

Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

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By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the…

Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

boss

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the…

Coinbase Goes for Tether’s Throat, Catapults USD Coin Into 85 Countries

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By CCN: Given the widely publicized troubles faced by Tether (USDT), there is a massive opportunity for a competitor to wade into the stablecoin arena. It appears that Coinbase will be that adversary, as the crypto exchange is taking the opportunity to double down on USDT’s problems and expand USD Coin (USDC) trading into 85 countries. USDT is the result of a collaboration between Coinbase and Jeremy Allaire’s Circle. According to the Coinbase website, the exchange does not support USDT. Coinbase Is Going All in With USDC Expansion It’s an…

Canadian Blockchain Expert Alex Tapscott and NextBlock Global Limited to Pay $1M for Misleading Investors

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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…