Stellar Lumens (XLMUSD) Price Watch: Major Correction Underway?

Stellar Lumens Price Key Highlights Stellar Lumens is currently retreating from its highs but may be waiting for more bullish pressure to kick in. Price is currently testing the 38.2% Fibonacci retracement level, with the area of interest still a bit lower. Technical indicators seem to be supporting a continuation of the bullish run. Stellar Lumens is in correction mode and may find more bullish energy waiting right at the Fib retracement levels. Technical Indicators Signals The 100 SMA is safely above the longer-term 200 SMA to confirm that the…

Bitcoin (BTC) Price Watch: Bullish Correction Needed?

Bitcoin Price Key Highlights Bitcoin price continues to tread sideways in tight consolidation, and bulls might need to gather more energy on a correction. Applying the Fibonacci retracement tool shows the potential support zones where more buyers might be waiting. The flag or pennant still seems intact even with the recent dip, so there’s still chance for consolidation. Bitcoin price is still stuck in consolidation as bulls wait for more buying pressure or the next round of catalysts. Technical Indicators Signals The 100 SMA is still above the longer-term 200…

Bitcoin Mining — A New Way For North Korea To Make Money | CNBC

A recent report found that North Korea has begun to mine bitcoin, and it’s highly likely a state-sponsored act, as a way to generate funds for the regime. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC…

Ethereum (ETH) Technical Analysis: ETH Bulls Shaky

The Ethereum (ETH) blockchain has different user case application and undoubtedly, that what generates value. It’s a proven platform that is secure and investors stand to reap big. At current prices, Ethereum (ETH) is stable, decoupling from BTC influence and likely to sink if at all bulls cannot overcome sellers aiming to reverse July 24 gains. From the News The Commonwealth Bank of Australia used the Ethereum blockchain for their international shipping and logistics. For demonstrations, they successfully exported and tracked 17 tons of Almonds from Australia to Hamburg, Germany.…

EOS, Tron (TRX), Litecoin, Stellar, IOTA Technical Analysis

The crypto market is back in loss making territory and as Tron (TRX) and EOS lead the loss with a cumulative drawn down of eight percent in the last day, Bitcoin dominance is up three percent to 48 percent. Both ways, judging from the chart, it seems like it is a disappointment for Tron (TRX) investors. As such, it’s highly likely that sellers shall set in and drive prices down. Let’s have a look at these charts: EOS Technical Analysis From the News Eva, a new ride sharing app that…

Here’s Why Some Big Financial Experts Are Bashing Bitcoin | CNBC

Allianz chief economic advisor Mohamed El-Erian and Jamie Dimon, CEO of JPMorgan, have both spoken out against the cryptocurrency. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram:…

AlphaPoint Helps Launch XRP-Based Cryptocurrency Exchange

Cryptocurrency services firm AlphaPoint is powering a new decentralized exchange, the company announced Monday. DCEX, a San Francisco-based marketplace, formally opened registration for its platform, though clients will not be able to begin trading for a few more weeks. The exchange notably uses XRP as its “base currency,” meaning many of its trading pairs are denominated in the third-largest cryptocurrency by market cap, AlphaPoint CEO Salil Donde said in a blog post. In its announcement, DCEX says it will be able to offer a total of 15 trading pairs, including XRP, bitcoin,…

Indie Game Delisted From Steam Marketplace for Alleged Cryptojacking and Scams

Valve Corporation has removed a game from its video game marketplace Steam that allegedly hijacked users’ computers to mine cryptocurrency, Motherboard reported July 30. The Steam game store has delisted Abstractism, an indie game accused of deceptive practices and cryptojacking, and has banned its developer from the platform. Steam took action following complaints from a number of users saying that the game setup file seemed to include a Trojan virus and malware disguised as steam.exe processes and launcher. Further investigation conducted by different players found that the programs were crypto…

Commonwealth Financial Network’s Brad McMillan: Bitcoin Depends On ‘Everything Going Right’ | CNBC

Brad McMillan, Commonwealth Financial Network chief investment officer, weighs in on the markets and bitcoin. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Commonwealth Financial Network’s…

Bitcoin Price Recovering from Winklevoss ETF Rejection is Positive Sign

Fundstrat founder Thomas Lee, better known to the cryptocurrency community as Tom Lee, has expressed his enthusiasm towards the swift recovery of the bitcoin price from its drop in the past week. Recovery From Winklevoss Bitcoin ETF Rejection is Important On July 27, upon the rejection of the Winklevoss bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), the price of BTC fell from $8,300 to $7,800, by more than six percent in a three-hour period. Within 12 hours after its drop, the bitcoin price recovered from $7,800 to…