Day: October 29, 2018

EOS Price Watch: Sharp Triangle Breakout

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EOS Price Key Highlights EOS made a strong downside break from its symmetrical triangle consolidation pattern to signal that a downtrend is underway. Technical indicators are also reflecting the presence of selling pressure that could take price much lower. EOS could fall by the same height as the triangle pattern, which spans 4.200 to 6.600. EOS made a downside break from its symmetrical triangle consolidation to signal that a downtrend is about to happen. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to confirm that the…

Bitcoin (BTC) Price Watch: Bullish Channel Still Intact

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Bitcoin Price Key Highlights Bitcoin price broke down from its short-term consolidation and is down to the longer-term channel support. A bounce could still allow the uptrend to resume and take price to the resistance at $7,000. A break below current levels could lead to a pickup in selling pressure and prolonged declines once more. Bitcoin price tumbled below its short-term consolidation to test the bottom of its ascending channel on the 4-hour chart. Technical Indicators Signals The moving averages are oscillating to reflect earlier range-bound conditions and have yet…

Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

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Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.I.). Last month, the peer-to-peer (P2P) blockchain startup Level01 announced its partnership with TR in order to create a “derivatives” exchange that would change how parties interact with…

The Same Equity Firm That Owns Korbit Exchange Just Acquired Bitstamp

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In a statement to customers, Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit. The all-cash deal, which was signed by Bitstamp founder Nejc Kodrič on October 25, 2018, was announced today, October 29, 2018. NXMH has around 2 billion euros in assets under management and invests in digital technologies. In an interview given to Reuters, Kodrič declined to disclose the purchase price, but he did assert the EU’s largest crypto exchange wasn’t actively…

60% of Americans Think Crypto Should Be Treated as Fiat in Political Campaigns

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A new survey by blockchain-oriented research firm Clovr showed that 60 percent of respondents think that cryptocurrency should be treated like fiat currency in political elections. In the course of its research, Clovr surveyed 1,023 eligible voters registered in the U.S. for their understanding of what impact virtual currency could exert on the political process. Per the survey, almost 60 percent of the voters surveyed answered that crypto and the U.S. dollar should be treated the same, while only 21 percent of respondents said the opposite. “60 percent of eligible…

Ethereum Bulls Crash as Market Lose $1 Billion

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ETH/USD is down five percent in the last week and the result is obvious. Prices are now trading below the psychological support of $200 further driving miners into loss making territory. Though we remain optimistic and expect prices to steady, dips below Sep lows could trigger the next wave of sell pressure pressing back ETH/USD towards $150. Latest Ethereum News Dropping and flat lining prices is not good business from miners. And it doesn’t matter the coin. The proprietors behind mining are business people keen on scalping the crypto market,…

LTC/USD Drop below $50 as Altcoins Trend Snap Back to Bearish

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Unexpectedly, altcoins are sinking lower hitting stops as previous bull expectations fade. All in all, it’s likely that LTC/USD pair is now trading below the all-important support. Should today edge lower then we expect bears to pick up and drive prices towards $30 as TRX/USD, EOS/USD and XMR/USD pairs follow suit. Let’s have a look at these charts EOS/USD Price Analysis The BTC–Altcoin relationship is clear in this pair. Following a two percent drop in BTC prices, EOS slid a massive four percent in the last day quashing bull expectation.…

Bitcoin ‘Patient Zero’ Says BTC’s Current Stage is Like ‘1992 for The Internet’

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Bitcoin “Patient Zero” Wences Casares, the founder of Bitcoin (BTC) wallet startup Xapo, said that the seminal cryptocurrency may take years to prove successful, in an interview with Bloomberg Oct. 29. In an interview with Bloomberg, Casares argued that BTC is an “intellectual experiment,” and it could be several years before it proves successful. “It may work, it might not work,” said Casares, noting that Bitcoin is in its early stages and that “we are in the equivalent of 1992 for the Internet.” However, Casares suggested that the probability of…

Ethereum Enterprise Alliance Releases New Specifications

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The Ethereum Enterprise Alliance (EEA) has released a new set of specifications in an effort to provide standards for developers using private iterations of the Ethereum Blockchain, according to statements shared with Cointelegraph. At DevCon4 today in Prague, the EEA announced the release of its Enterprise Ethereum Client Specification V2 and Off-Chain Trusted Compute Specification V0.5. The former is a development of common standards, which aims to ensure that Ethereum developers will write code that “[motivates] enterprise customers to select EEA specification-based solutions over proprietary offerings.” The Client Specification V2…

Israeli Blockchain Startup Concludes $30 Mln Financing Round That Included Intel, Sequoia

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Israeli blockchain startup StarkWare Industries has completed a $30 million financing round, generating funds from such industry players as Intel Capital and Sequoia USA, according to an announcement published Oct. 29. Established in 2018, StarkWare Industries develops both software and hardware, with applications including transparent privacy in blockchains, increased transaction throughput, as well as off chain computation. The company offers a zero-knowledge protocol STARK, that purports to address the privacy and scalability challenges of the blockchain field. The firm has announced the completion of its $30 million financing round, which…