Day: November 6, 2019

Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles

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Ethereum price is trading nicely above the $185 and $186 support levels against the US Dollar. Bitcoin is holding the $9,200 support, but it is facing hurdles near the $9,400 level. Yesterday’s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and it is likely to accelerate higher towards the $195 and $200 levels. Ethereum price is gaining pace above $186 versus the US Dollar, while bitcoin is facing hurdles. ETH price…

Ripple’s Xpring Invests in New Smart Contract Platform

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Xpring, Ripple’s investment arm and tech incubator has completed a strategic investment into smart contract platform Flare Networks. Joining the XRP ecosystem On Nov. 5, Flare Networks reported that it secured a partnership and investment with Xpring that will enable the company to bring a “wealth of resources and partners to enhance and extend the Flare, Xpring and XRP ecosystems.” The Flare Network, which has been over two years in the making, reportedly integrates the Ethereum Virtual Machine to enable public and private networks to leverage smart contracts.  Flare will…

Arweave Secures $5 Million in Funding Round Led By Andreessen Horowitz

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Venture capital firm Andreessen Horowitz has led a $5 million funding round for Arweave, a blockchain-startup focused on permanent online data storage. On Nov. 5, the Arweave project reported that it had attracted world-leading funds in a $5 million investment round led by Andreessen Horowitz’s a16z Crypto, with the participation of other top investors such as Union Square Ventures and Multicoin Capital. Arweave hopes to be the Library of Alexandria The startup was founded in mid-2017 by Sam Williams on the promise to permanently host data, web apps and pages…