Day: July 29, 2019

ILCoin is Redefining Blockchain Technology with a Different, More Calculated Approach

boss

The cryptocurrency industry has come a long way since the induction of Bitcoin, over a decade ago. The use of blockchain technology, which has gained widespread traction in almost all industry segments has evolved with plenty of versions with a range of feature additions. However, each of these DLT protocols have some shortcomings, and the sustained effort of the community has been to plug the gaps to come up with a so-called perfect blockchain. ILCoin is one such platform that has been making some significant changes to the technology. Unlike…

Bitcoin Price (BTC) Trading Near Inflection Point, Can Bulls Make It?

boss

Bitcoin price declined heavily below the $9,800 and $9,500 support levels against the US Dollar. The price traded to a new weekly low at $9,118 and it is currently correcting higher. There is a crucial contracting triangle forming with resistance near $9,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either climb above $9,700 and $9,800 or decline sharply towards $9,000. Bitcoin price is holding the $9,300 support level against the US Dollar. However, BTC price remains at a risk of a fresh…

Differences Between Tokens, Coins and Virtual Currencies, Explained

boss

1. In short: Yes, there is. There are indeed differences between all of these terms, both major and minor. For instance, when JPMorgan Chase released its JPM Coin, it presented it as a “digital coin,” while Facebook’s Libra was introduced as a solid “cryptocurrency” — and, ironically, that could be part of the reason why regulators around the world got so worked up about the latter.  Nevertheless, while JPM Coin and Libra are different by design, in both cases, decentralization pundits were quick to discard them as not “cryptocurrencies,” but…

Crypto Market And Bitcoin at Major Crossroads: BCH, BNB, EOS, TRX Analysis

boss

The total crypto market cap is struggling to hold the key $250.0B support area. Bitcoin price spiked below the $9,300 level and recently corrected above $9,500. EOS price is facing a lot of hurdles near the $4.400 and $4.500 levels. Binance Coin (BNB) is trading with a bearish angle below the key $28.50 support level. BCH price is slowly moving higher towards the main $320 resistance level. Tron (TRX) price is currently holding the key $0.0220 support level. Bitcoin and the crypto market cap are facing many important hurdles on…

Ripple Price (XRP) Is Facing Key Resistance While Bitcoin Is Correcting

boss

Ripple price retested the $0.3030 support level and recently corrected higher against the US dollar. The price seems to be trading in a range with a strong resistance near the $0.3140 level. There is an expanding triangle forming with resistance near $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline again if it continues to struggle near the $0.3140 and $0.3150 resistance levels. Ripple price is facing a lot of key resistances against the US Dollar and bitcoin. XRP price could extend…

Ethereum Price (ETH) Spiking Higher But Remains In Downtrend

boss

ETH price declined steadily and recently revisited the $200 support level against the US Dollar. The price traded as low as $197 and spiked sharply above the $200 and $205 levels. There was a break above a short term ascending channel with resistance near $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to recover, but it remains in a downtrend as long as below $225. Ethereum price is currently correcting higher versus the US Dollar and bitcoin. ETH price might climb towards the…

Is Bitcoin a Store of Value? Experts on BTC as Digital Gold

boss

It’s hard to tell who was the first to coin — pun intended — Bitcoin (BTC) as “digital gold,” underlining the idea that Bitcoin is a good store of value. The phrase possibly came into more widespread use after The New York Times journalist Nathaniel Popper’s book, “Digital Gold,” was published in 2015. Google searches for the term “Bitcoin digital gold” peaked in December 2017, when the leading cryptocurrency’s price hit record highs around $20,000 per coin.  For thousands of years of human history, people have used precious metals —…