Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher. After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar. The price is up more than 5% and it broke the $165 resistance area. There was a break above a key bearish trend line with resistance near $161 on the hourly chart of ETH/USD (data feed via Kraken). The bulls need to gain…
Month: January 2020
Former Employees Sue Justin Sun and TRON Foundation, Alleging Workplace Hostilities
A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing. In a 70-page court document filed in October in California state, Richard Hall, 50, and Lukasz Juraszek, 28, said they put up with escalating hostilities on the job that culminated in their termination last summer from BitTorrent, a file-sharing service that combined with the TRON Foundation in a $120 million sale two years…
Ethereum On Verge of Strong Bullish Breakout, Analysts Say. Here’s Why
While Bitcoin saw a stellar 2019, gaining around 90%, Ethereum suffered. The second-largest cryptocurrency, which was one of the best-performing assets in the 2017-2018 bull cycle, actually posted a negative performance in 2019, shocking investors across the board and contributing to a strong altcoin decline. Despite this, analysts are getting on the digital asset, seemingly indicating that it will have a much better year than last. Related Reading: Here’s Why Wall Street Veteran Thinks Bitcoin Isn’t a Viable Money, Yet Ethereum Preparing to Break Higher, Analysts Assert Cryptocurrency trader Polar Hunt…
Ethereum On Verge of Strong Bullish Breakout, Analysts Say. Here’s Why
While Bitcoin saw a stellar 2019, gaining around 90%, Ethereum suffered. The second-largest cryptocurrency, which was one of the best-performing assets in the 2017-2018 bull cycle, actually posted a negative performance in 2019, shocking investors across the board and contributing to a strong altcoin decline. Despite this, analysts are getting on the digital asset, seemingly indicating that it will have a much better year than last. Related Reading: Here’s Why Wall Street Veteran Thinks Bitcoin Isn’t a Viable Money, Yet Ethereum Preparing to Break Higher, Analysts Assert Cryptocurrency trader Polar Hunt…
Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K
As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800. Bitcoin daily price chart. Source: Coin360 Earlier in the day Cointelegraph contributor Scott Melker spotted the bullish development on the hourly timeframe when he tweeted the following chart and said: “Local double bottom breakout. Bottom reversal pattern.” BTC USD…
The Decade of the Consumer–Citizen Governance Dilemma
The health of a democratic nation’s currency is shaped by two forces: monetary policy, set by its Central Bank; and fiscal policy, set by the state’s ruling government. The thrust of it is that currency and politics are bound together, whether we like it or not. But that’s old news. Citizens of the cryptosphere are already aware of this, as many members of the community will have been drawn to crypto through dissatisfaction with the governance of modern currencies and the sway that politics has over it. At the very…
Digital Courts Trial Decentralized Justice, Real World Weighs Verdict
Imagine a future where conflicts and legal disputes are no longer settled between the four walls of a courtroom but by anonymous jurors of a blockchain network. The concept seems far-fetched, but it is already a reality as a result of some forward-thinking projects that are using the power of decentralized smart contracts and participants that are incentivized to make rulings as jurors. Kleros, a blockchain dispute resolution system, is already operational, and it has sparked heavy debate around blockchain technology and its application in the legal space. In February,…
When Will Nasdaq Roll Out Its Mysterious Bitcoin Futures?
During the interview given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning ”market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up. Two Main Reasons Nasdaq Will Consider Regarding Bitcoin Futures After observing the market conditions, Nasdaq wants to bring up a viable solution that will be different from the competitors. This is a wise move, which is what…
Telegram Attacks Apple, Musk on Crypto, WEF Debrief: Hodler’s Digest, Jan 20–26
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week World Economic Forum debuts framework for central bank digital currency It was a c-c-c-cold week in Davos, but Cointelegraph’s reporters wrapped up warm to bring you all the news from the World Economic Forum. One particularly big announcement saw the WEF unveil a central bank…
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million Bitcoin Gold Sees Two Deep Blockchain Reorgs With 29 Blocks Replaced In May 2018, the Bitcoin Gold (BTG) blockchain was 51% attacked for the first time suffering a loss of more than $18 million. BTG…