Ripple Price Technical Analysis (August 19): Still Bullish But Hesitant

Ripple (XRP)trade is currently trading at $0.2840. Recently, the digital coin’s price has broken the resistance of $0.28, turning it into support. The next resistance levl is at $0.2921. The XRP price might start moving between the channels and the above levels can be used for swing trading. Dow Theory According to Dow Theory, the virtual coin is currently appearing in the accumulation phase, which is an area from where the price shoots up, and is generally considered a great buying point. This is the time when informed investors (experienced…

Litecoin Price Slump Rewards Bold Traders With ‘Maximum Opportunity’

The Litecoin price crashed to ‘bedrock’ support against Bitcoin this month. One trader says it now offers ‘maximum financial opportunity.’ | Source: Shutterstock By CCN Markets: Litecoin’s recent halving was unfortunately met by intense selling against Bitcoin. The downward pressure was so intense that the crypto token plunged to a fresh 2019 low of 700,100 satoshis (~$72) on August 17th. Recent price action suggests that there’s nothing bullish about the chart of the fifth-largest cryptocurrency. However, that’s precisely why one contrarian crypto trader believes Litecoin currently presents investors with “maximum…

Litecoin Price Slump Rewards Bold Traders With ‘Maximum Opportunity’

The Litecoin price crashed to ‘bedrock’ support against Bitcoin this month. One trader says it now offers ‘maximum financial opportunity.’ | Source: Shutterstock By CCN Markets: Litecoin’s recent halving was unfortunately met by intense selling against Bitcoin. The downward pressure was so intense that the crypto token plunged to a fresh 2019 low of 700,100 satoshis (~$72) on August 17th. Recent price action suggests that there’s nothing bullish about the chart of the fifth-largest cryptocurrency. However, that’s precisely why one contrarian crypto trader believes Litecoin currently presents investors with “maximum…

Ethereum Whiz Teases 100x Scaling, Says Crypto Is ‘Bigger Than Bitcoin’

Ethereum’s Vitalik Buterin says improving blockchain scalability could slash costs “by over 100” for every crypto transaction. | Source: Abra/YouTube By CCN Markets: Ethereum co-founder Vitalik Buterin says improving scalability could slash crypto transaction costs by a factor of “over 100.” That’s crucial, considering that blockchain has become so much “bigger than bitcoin.” Moreover, Buterin says upgrading scalability could dramatically boost mass crypto adoption. So that’s a pressing issue the industry must address if it wants to make bitcoin and other cryptocurrencies mainstream. ‘Scalability is a big bottleneck’ Vitalik Buterin…

Amazon Tech Experts-Backed Blockchain CRM Network Raises $3.5M

Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round. The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Monday Capital, Pre Angel Fund and Republic Labs. Alongside with the investment, Cere Network announced the launch of a new office in New York, as…

Germany Grants BaFin License to Financial Firm for STO Platform

Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority (BaFin) for its Security Token Offering (STO) platform. A regulated STO platform in Germany Black Manta Capital Partners announced on Aug. 19 that its Berlin-based entity received a MiFID II license by BaFin for its regulated STO platform on Aug. 1 nine months after filing. Now, the company will be able to offer regulated brokerage services using blockchain technology. On its platform, the firm represents rights to an asset as tokens managed…

Bitcoin Rises as Investors Anticipate Economic Stimulus

Bitcoin was trading higher on Monday morning as investors digested the possibility of new economic stimulus announcements later this week. The benchmark cryptocurrency rose by more than 4.5 percent to $10,753.30 on San Francisco-based Coinbase exchange. The move brought its local bottom-rebound to a slightly above 13 percent, explicitly driven by Bakkt. The Intercontinental Exchange arm announced on Thursday that it would launch its custody and physically-delivered daily and monthly bitcoin futures contracts on September 23. We have some news https://t.co/ykUvQ31cGz — Bakkt (@Bakkt) August 16, 2019 Bitcoin has surged…

3 Derivative Digital Asset Exchanges Transforming Crypto Investment

Cryptocurrencies are no longer a fringe financial instrument for its most ardent supporters. In 2019, digital assets are a prominent investment vehicle couched alongside stocks, bonds, and commodities, bringing both increased participation and higher valuations. With the collective crypto market cap hovering around $300 billion, investors from all backgrounds with all different experience levels are pursuing digital asset investment. By most accounts, their efforts are being rewarded. The Wall Street Journal reports that 2019’s crypto rally has cryptocurrencies outperforming most other investment vehicles, including stocks, bonds, gold, and oil. Interestingly,…

Binance Announces Open Blockchain Project ‘Venus’ – Calls on Governments, Companies and Organizations to Develop Localized Stablecoins

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…

Binance Announces Open Blockchain Project ‘Venus’ – Calls on Governments, Companies and Organizations to Develop Localized Stablecoins

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…