Bitcoin (BTC) Price Watch: Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart. Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues. Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play. Bitcoin price is consolidating inside a symmetrical triangle on the short-term charts while traders decide which direction to take. Technical Indicators Signals The 100 SMA crossed below the longer-term 200…

Ethereum Foundation Releases Fourth Wave of Grants

The Ethereum Foundation has announced the fourth wave of grants awarded to 20 different persons and entities working on the Ethereum blockchain, it revealed in a press release Oct. 15. According to the release, the total amount of awards is over $3 million. The biggest grants worth $500,000 were given to Prysmatic Labs and Status. Both companies are working to develop the Ethereum 2.0 ecosystem first announced by co-founder Vitalik Buterin in November 2017. Grant recipients were divided by the manner in which they contributed to the development of the…

Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails

Civil, the New York-based startup aiming to put journalism on a blockchain, has announced it will issue refunds to users who participated in its token sale, as it failed to meet a pre-set minimal requirement. Matthew Iles, Civil’s chief executive officer, wrote in a blog post on Tuesday that the startup closed the sales process of its proprietary CVL tokens on Oct. 15, which was not able to reach the goal of collecting at least $8 million. Having received a $5 million funding from the ethereum startup Consensys last year,…

Charlie Lee Positive on LN as Monero Prepares for a Hard Fork

It will always be there that EOS critics will point out to the level of centralization visible in the block producers list. Unfortunately, they will always turn a blind eye to the platform’s stellar performance. Nonetheless, we expect higher highs in days to come and as Monero prepares for a system upgrade tomorrow, they are releasing a new GUI update for their full nodes. Let’s have a look at these charts: EOS Price Analysis   That the dPoS consensus algorithm and the use of 21 block producers have some elements…

FSB Subtle Endorsement of Ripple Positive for XRP

After Cory Johnson revelation that they have been in constant communication with the Trump administration, Ripple supporter should interpret this as positive. It appears as if this positivity is spreading. In a report the FSB said cryptocurrencies and blockchain could be viable alternatives if traditional payment means become expensive. This is a subtle endorsement for Ripple as it bids to replace SWIFT. Latest Ripple News There is a lot going on for Ripple but what should strengthen the holding wave are recent comments from Ripple. In an interview with BREAKER,…

DLT Can Support Daily Trading Volume of US Equity Market

A recent study by the Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm, has found that distributed ledger technology (DLT) is scalable enough to support daily trade volumes of the U.S. equity market, according to a press release published Oct. 16. The blockchain scaling problem is growing along with the increasing popularity and public awareness of cryptocurrencies as there is a risk the technology will not be able to keep up with demand. The largest cryptos Bitcoin (BTC) and Ethereum (ETH) use limited sized blocks to process…

Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO

The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation. Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency market cap to more than $2 trillion. “If you look at that next bull run, I think the crypto space overall could hit 10x from here.” Noting that in previous market cycles the news that major…

Coinbase Launches Trading for First ERC-20 Token on Platform

San Francisco-based cryptocurrency exchange Coinbase has announced trading is now open for 0x (ZRX), making it the first ERC-20 token available for trade on the platform, according to a blog post published Oct. 16. On Oct. 11, Coinbase launched support for ZRX on its professional platform, Coinbase Pro, although it stated that trading will only be allowed once sufficient liquidity is established. Now, the exchange’s customers are able to buy, sell, receive, and store ZRX on Coinbase.com as well as its iOS and Android apps. Coinbase notes in the statement…

Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications

Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16. A source familiar with the matter reportedly said that Bitfinex appears to be banking with the Bank of Communications through the private account “Prosperity Revenue Merchandising Limited.” According to the Block, Bank of Communications — which is partly owned by HSBC — has been using U.S.-based Citibank as the intermediary bank for U.S. dollar wire transfers to Bitfinex. The Block speculates that HSBC — with whom Bitfinex previously…

The Future of Cryptocurrency Policy

Oct.16 — Former U.S. Commodity Futures Trading Commissioner Sharon Bowen speaks with Bloomberg Intelligence’s Ben Elliott about the outlook for cryptocurrencies regulation at the Bloomberg Sooner Than You Think technology summit in Brooklyn. UCIALMKvObZNtJ6AmdCLP7Lg Source link