Bitcoin is edging closer and closer back to the critical $ 3,500 support level that some estimated it would stand on for awhile. Ethereum gained a dollar overnight. But more notably, so did Litecoin — more than a dollar, actually. Confidence in Litecoin seems to be growing after its rebranding. The stalwart altcoin, intended to be “silver to Bitcoin’s gold,” is notably seen as having a growing community and userbase. On the same note, Augur continued its growth pattern over the 24-hour period, reaching an average of more than $ 13. Bitcoin Price Edges Toward Crucial $ 3,500 Level The Bitcoin price saw
By CCN.com: Ray Dalio, the investment chief at the $ 160 billion Bridgewater hedge fund, joins other money titans and economic experts in warning that a recession looms on the horizon, threatening to wipe out the US stock market. Others still disagree. Dalio Does Davos, Warns US Stock Market Faces ‘Significant’ Risk of Recession Speaking to
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Red Eyes, the first version of the Raiden Network (RDN), a protocol for scaling token transfers on Ethereum (ETH), has been successfully deployed on the Ethereum mainnet. We are excited to announce that the alpha testing release “Red Eyes” of the Raiden Network is now live on the Ethereum mainnet! https://t.co/iJnAMn68Hp — Raiden Network (@raiden_network) December […]
All eyes have been glued to cryptocurrency markets over the last week as a great majority of digital asset values plummeted to their lowest prices since last year. There’s been a slight price recovery and some consolidated sideways action taking place as some market observers have noted an attempt to reverse the trend may be in the cards. However, others think even though we could see a slight comeback it could end up materializing into another “dead cat bounce” leading to a bit more capitulation.
Another week has passed as bitcoin continues to coil in a tighter and tighter consolidation. Both price and volume continue to consolidate as bitcoin decides where the next major move will be. A trend of higher lows and lower highs shows a balance of both supply and demand, but ultimately one will win out:
Bitcoin SV, the Bitcoin Cash (BCH) software client published by blockchain development firm nChain, is now live on GitHub. Released this week, SV (short for “Satoshi Vision”) version 0.1.0 aims to place the fourth-largest cryptocurrency on track to fulfill pseudonymous developer Satoshi Nakamoto’s vision for Bitcoin to become electronic cash — or at least nChain’s
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The price of Tether (USDT), a crypto stablecoin backed by the US dollar pegged to $ 1, has fallen by around 4 percent in the past 24 hours to $ 0.96. As USDT fell, it became more expensive for traders to purchase major cryptocurrencies like Bitcoin and Ethereum with USDT, pushing the premium of cryptocurrencies up on
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A lot of interesting cryptocurrency price action is happening beyond the top 25 positions, which is not entirely uncommon during the weekend. The Augur price, for example, is noting some solid gains in USD, BTC, and ETH value alike. This shows the prediction market platform is still of great interest.
Augur Price Targets $ 14
It has been a while since people actively discussed the Augur prediction market platform. Ever since the “assassinations” took center stage, there hasn’t been much of a buzz. Despite this seeming lack of attention, the price of the native REP token is still looking healthy. Today’s gains further illustrate things continue to look rather good despite what other markets might be doing.
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could also be a significant first step for the $ 10 trillion Nasdaq into the world of crypto.
Dfinity has recently announced that their ambitious blockchain project has raised $ 102 million from cryptocurrency fund Polychain Capital, venture capitalist firm Andreessen Horowitz, and other investors. This funding comes after Dfinity raised $ 61 million in March, which aided the startup in building the initial vision of a blockchain-based Cloud 3.0. This project, which Dfinity calls […]
Bitcoin price pullback could find bargain hunters at key support levels.
The recently aired Season 5 of the popular HBO comedy Silicon Valley features a decentralized internet powered by end-user devices and an internal blockchain-based crypto economy. As usual, the fictional treatment in the show, which has been rightly praised for providing an entertaining but accurate portrait of contemporary tech trends, is based on real developments.
After days of sudden, strong selling, bitcoin has managed to find a local bottom in the low $ 7000s where it has been drifting around aimlessly. As many traders on Twitter have noted, we have formed a large consolidation pattern called a symmetrical triangle (outlined in red):
Figure 1: BTC USD, 1-Day Candles, Macro Symmetrical Triangle
Symmetrical triangles are consolidation patterns that are typically agnostic regarding their breakout direction. However, one important thing to note about this consolidation pattern is it embodies some of the hallmarks of a reaccumulation trading range (TR) — most notable is the volume profile:
Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex. ERC20 is the Ethereum technical standard that the majority of initial coin offering (ICO) tokens are based on.
Paradex announced the news on its website today, May 23, 2018, adding that its site will be down temporarily while it works to make the integrations with Coinbase.
Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform to trade ERC20 tokens directly wallet to wallet. Paradex is built on top of the 0x (pronounced “zero x”) protocol.
A lot of things have changed in the world of cryptocurrency over the past 24 hours. Most of the losses have been recovered successfully, albeit some currencies do so in far more spectacular fashion compared to others. The Litecoin price, while often overlooked, has noted some strong gains over the past 24 hours. Thanks to this sudden price surge, the value of Litecoin is on the way to hit $ 150 again.
Cryptocurrency trading firm Coinbase has entered into talks with the U.S. Securities and Exchange Commission about registering as a licensed broker-dealer firm and electronic trading venue, The Wall Street Journal reported on Friday, April 6, 2018.
The move comes just as U.S. regulators have begun clarifying their stance on virtual currencies. Testifying before the Senate on February 6, 2018, SEC chairman Jay Clayton made it clear that he considered all initial coin offering (ICO) tokens to be securities.
On February 20, 2018, investors saw signs of yet another directional shift in South Korea’s regulatory stance on cryptocurrencies. According to Reuters, Choe Heung-sik, the governor of South Korea’s Financial Supervisory Service (FSS), told reporters, “The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation.”
The head of the FSS has wrestled with cryptocurrency regulation and the lack of legislation on the industry for some time. He stated in November 2017 that “supervision [of cryptocurrency exchanges] will come only after the legal recognition of digital tokens as legitimate currency.”