Day: June 18, 2019

Ripple (XRP) Price Hits First Target: Another Run Very Likely

boss

Ripple price climbed higher sharply and broke the key $0.4500 resistance area against the US dollar. The price traded to a new monthly high at $0.4631 and recently started a downside correction. Yesterday’s highlighted major bullish trend line is intact with support near $0.4360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well bid on the downside and it is likely to climb higher above $0.4600 and $0.4620. Ripple price gained a strong momentum against the US Dollar and bitcoin. XRP is currently…

Ethereum (ETH) Price Holding Support: Buying Dips Favored

boss

ETH price is struggling to gain momentum above $275 and $280 against the US Dollar. The price is currently correcting lower towards the $268 and $265 support levels. Yesterday’s highlighted key bullish trend line is intact with support near $267 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $268, $267 and $265 support levels. Ethereum price is trading in a broad range below $275 versus the US Dollar, but extended losses vs bitcoin. ETH price could…

Burned Crypto Investor Claims Bittrex Keeping $100K in BCH/BSV Mix-Up

boss

Through some mix-up, crypto exchange Bittrex has essentially seized $100,000 from a user without a valid explanation. | Source: Shutterstock; Edited by CCN By CCN Markets: Imagine you sent $100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $100,000 SV to that same address. Then you find it is locked up. That’s alright. You know the holder – an exchange. Surely an exchange won’t just hijack that amount of funds? All of the above is very close to what happened, according…

Burned Crypto Investor Claims Bittrex Keeping $100K in BCH/BSV Mixup

boss

Published: 17/06/2019 21:20 EST. Journalist: By CCN Markets: Imagine you sent $100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $100,000 SV to that same address. Then you find it is locked up. That’s alright. You know the holder – an exchange. Surely an exchange won’t just hijack that amount of funds? All of the above is very close to what happened, according to a source writing to CCN and elsewhere. The exchange in question is not a Russian backwater operation…

Bitcoin Fundamentals Boom Amid Push to $9,000: Buyers in Control

boss

Bitcoin Blockchain on the Rise Just last week, a number of analysts were calling for a pullback in the Bitcoin price, citing the fact that per their analysis, BTC was well “overbought” and poised for a correction. But, in a surprising turn of events, bulls have managed to keep control of the cryptocurrency market. Since last week’s low of $7,450, BTC has shot back up to $9,300, where it sits now. This move higher has been accompanied by a surge in growth of the Bitcoin blockchain, boding well for the industry as…

Insurtech Platform to Apply Blockchain to Auto Claims With New Funding

boss

Insurance tech firm BlockClaim has recently received £500,000 ($627,000) in funding for its blockchain-based claims solution, according to an official blog post on June 17. The firm raised the funds from venture capital firm Amadeus Capital Partners and software firm Pragmatica, in addition to other angel investors. According to the announcement, BlockClaim uses blockchain technology to automate its claims process. Furthermore, the company says the product reduces claim costs by 20% and results in faster settlements. As per its website, BlockClaim uses a private blockchain to streamline the claims process:…