Month: March 2020

Ethereum Turns ‘Sell’ After This Key Technical Breakdown

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Ethereum failed to continue above the $138 and $140 resistance levels against the US Dollar. As a result, ETH price declined below $130 and it is now trading in a bearish zone. Ethereum is down more than 8% and it broke the $128 support against the US Dollar. There was a key breakdown noted after the price was rejected near the $140 area. There is a connecting bearish trend line forming with resistance near $129 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also down…

DHS Names Blockchain Managers” Among “Critical Infrastructure” Workers

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A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the intensifying coronavirus lockdown. Blockchain named alongside healthcare and pharma as “critical infrastructure industries” The document names blockchain managers alongside healthcare, pharmaceuticals, and food supply as “critical infrastructure industries.” The inclusion of blockchain managers on CISA’s…

DHS Names Blockchain Managers” Among “Critical Infrastructure” Workers

boss

A memorandum published by the United States Department of Homeland Security (DHS) has named “blockchain managers” among the nation’s “essential critical infrastructure” workers. On March 19, the DHS’ Cybersecurity and Infrastructure Security Agency (CISA) published a memo emphasizing the “special responsibility” of workers within a “critical infrastructure industry” to maintain normal working schedules amid the intensifying coronavirus lockdown. Blockchain named alongside healthcare and pharma as “critical infrastructure industries” The document names blockchain managers alongside healthcare, pharmaceuticals, and food supply as “critical infrastructure industries.” The inclusion of blockchain managers on CISA’s…

Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows

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As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis. Crypto market daily performance. Source: Coin360 As traditional markets gear up for another week of turbulent trading, volatility is expected to return to the crypto market as well. However, with rumours of U.S. stock trading halting completely, it’s hard to say how the crypto market will behave…

Blockchain Digital ID — Putting People in Control of Their Data

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Although some people in life do an extremely convincing job of indicating otherwise, all humans have an identity. This identity comes in many forms, and as modern life has progressed, the ways in which people can identify have multiplied. Technology has now made it easier for people to explore and share their identities.  But, at some point in the not-so-distant past, the internet overtook people’s ability to manage their identities online. Companies, notably the big data giants, have become the new gatekeepers. As the world enters a more data-conscious era,…

Tim Draper Wants to Invest in the Coming Crypto “Renaissance” in India

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Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector. In a March 21 interview with Inc42, Draper stated that he “met several Bitcoin and crypto startups” during a recent trip…

Tim Draper Wants to Invest in the Coming Crypto “Renaissance” in India

boss

Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a “renaissance” for the country’s cryptocurrency sector. In a March 21 interview with Inc42, Draper stated that he “met several Bitcoin and crypto startups” during a recent trip…

Maker Foundation Rejects Accusations of Participation in Its Debt Auctions

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MakerDAO (MKR) has denied accusations that the Maker Foundation placed the winning bids in all of its recent debt auctions. In a statement shared with Cointelegraph, the Maker Foundation states that it “is not purchasing MKR in the auctions.” Maker Foundation provides “limited technical assistance to some bidders” “Similar to how the Foundation created the Auction UI,” the foundation states that “it has offered limited technical assistance to some bidders on a first come, first serve basis to facilitate their timely and effective participation in the auctions.” The statement emphasizes…

Coronavirus Quarantine Drove “Volume Resurgence” in Asia

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Catherine Coley, the CEO of Binance US, revealed that the coronavirus quarantine in Asia drove a surge in trade volume during an interview with Bloomberg on March 16. On the subject of the recent correlation between Bitcoin (BTC) and the S&P 500, Coley asserts that both the traditional cryptocurrency markets are playing out a familiar long-term cycle. She states that the markets are experiencing what she terms the “CRIC cycle” — where “crisis” yields a market “response,” followed by “improvements,” and then a return to “complacency,” before the cycle then…

After BitMEX Meltdown, Should Shorting Be Banned on Crypto Exchanges?

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Bitcoin’s (BTC) rapid 50% price drop in the wake of Coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets. Question is, would that be the right move? Crypto market daily performance. Source: Coin360 Flash crash raises spectre of shorting bans On March 12 Bitcoin dropped to prices not seen since April 2019, shedding half its value as fear gripped markets worldwide. The massive sell-off was instrumental in the carnage in which all cryptocurrencies except stablecoins suffered. Long positions worth around $1 billion…