Day: April 22, 2020

Ripple (XRP) Poised To Extend Losses Below $0.18: Here’s Why

boss

Ripple is currently correcting higher from the $0.1780 support zone against the US Dollar. However, XRP price is likely to face another rejection near $0.1880 or $0.1900. Ripple price is trading in a negative zone below the $0.1880 resistance level against the US dollar. The bulls are likely to face a strong selling interest near $0.1880 and $0.1900. There is a major bearish trend line forming with resistance near $0.1885 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to resume its decline…

Analyst Predicts Ethereum 2.0 Staking Will Trigger a Bull Run

boss

With the first phase of Ethereum 2.0 due to launch within months, some analysts and experts believe it could trigger a major bull run and transform finance as we know it.  Adam Cochran, a partner at MetaCartel Ventures DAO and strategy developer at DuckDuckGo, has laid out several arguments for why ETH 2.0 “could prove to be the largest economic shift in society” in a blog post. While that may wishful thinking, he’s on firmer ground when he suggests that staking could drive an Ether supply shock. Cochran believes that…

Here’s Why Ethereum Must Break 100 SMA For A Fresh Rally

boss

Ethereum is down more than 10% from the $190 swing high against the US Dollar. ETH price is currently consolidating above $165 and facing key hurdles near the 100 hourly SMA. Ethereum declined sharply below the $175 support and tested the $165 zone. The price is currently consolidating losses and it might correct towards $175. There is a key bearish trend line forming with resistance near $176 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is likely to struggle near the $176 resistance and the 100…

Dutch Central Bank ‘Ready to Play a Leading Role’ with Digital Euro

boss

The Dutch central bank wants to be the proving ground for central bank digital currencies (CBDCs) in the European Union. In a 45-page report released by the bank on April 21, the De Nederlandsche Bank (DNB) said it was “ready to play a leading role” with research and development into its own digital currency as well as a Europe-wide digital currency.   A digital Euro is expected to make cross-border payments faster and cheaper for all member states who participate. The Netherlands would be a suitable testing ground, the report said. …

Blockchain Covid-19 Contact Tracking System

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Devvio’s blockchain technology can be used as a location tracking technology, deployable at global scale, to track exposure to Covid-19 while both maintaining … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

NFL Star Russell Okung Backs Bitcoin Rewards Startup

boss

Okung Ventures, the venture startup founded by NFL star Russell Okung, is backing Bitcoin (BTC) loyalty outfit Fold to help crypto holders earn BTC as well as spend it. The Los Angeles Chargers player invested in, and has been promoting Fold, an app which offers users the ability to spend Bitcoin or fiat currency at major retailers such as Amazon, Uber and Starbucks. Similar to cashback rewards from major credit cards: the more you spend, the more Bitcoin rewards you earn.  Okung told Forbes he believes “finding more ways to…

Bitcoin Poised For Short Term ‘Sell’ as Buyers Take Last Stand at $6,550

boss

Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030. Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar. A few key hurdles are forming on the upside near the $6,955 and $7,030 levels. There is a major bearish trend line forming with resistance near $7,030 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue lower towards the…

Investor Z Fights to Redact its ‘Secret Sauce’ in Telegram ICO Case

boss

An unnamed investment firm dubbed ‘Investor Z’ is one of almost a dozen firms battling the U.S. Securities and Exchange Commision (SEC) to keep their Gram token investment strategies secret. The 11 investment firms want their proprietary analyses of the Telegram initial coin offering (ICO) to be redacted from the case. Investor Z argued that divulging their strategies is like publicly revealing the recipe for Coca Cola. The long running case has seen the SEC granted an injunction against the worldwide distribution of Grams as they have been deemed securities…