Ethereum Price Analysis: ETH/USD Downsides Limited Below $212

Key Highlights ETH price formed a short term top at $223 and corrected lower against the US Dollar. There is a major bullish trend line in place with support at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline towards the $212 or $213 support level before buyers emerge again. Ethereum price is slowly correcting lower against the US Dollar and bitcoin. ETH/USD is likely to find a strong buying interest near the $212 zone. Ethereum Price Analysis Yesterday, we saw a nice upward…

Timeline and Support — Bitcoin Segwit2x and Bitcoin Gold

We wanted to give customers another update on two upcoming Bitcoin forks — Bitcoin Segwit2x and Bitcoin Gold. You can read more about what a digital currency fork is here. We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. This is essential in our mission to make GDAX the most trusted and liquid digital asset exchange. Bitcoin Segwit2x The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains. Following…

With or Without Consensus, BCH/USD Could Test $850

A week to Bitcoin Cash’s half-year software upgrade and BCH/USD is vibrant, adding 45 percent in the last week. Aside from that, BCH is trading above $600 in a bull break out pattern meeting our previous BCH/USD trade plans. Latest Bitcoin Cash News 11 months of lower lows and Bitcoin Cash is now bottoming out, posting huge gains in the last few days. In fact, Bitcoin Cash is up 45 percent in the last week and fairly stable in the last day. Obviously the market is split ahead of the…

EOS/USD and LTC/USD Slow Down As Traders Buy Dips

Even if yesterday’s upsides were limited, altcoins are technically bullish and should print higher as the week come to a close. In that case we expect ADA/USD and XLM/USD traders to buy at spot prices with stops at immediate support. As this prints, EOS/USD, LTC/USD and XMR/USD traders should maintain a neutral position until close above immediate resistance lines triggering bulls. Let’s have a look at these charts: EOS/USD Price Analysis Following expansions of Nov 6, yesterday’s price action was expected. But, it shouldn’t be a cause of concern since…

Winklevoss Lawsuit | Lawyer States Shrem Committed ‘No Misconduct’

Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties. Winklevoss Lawsuit According to the report by the NT Times, Shrem made several lavish purchases in 2018, that caught the attention of the Olympian twins. The pair filed a civil lawsuit against Shrem accusing him of stealing thousands of Bitcoin from them in 2012. “Either Shrem has been incredibly lucky and successful since leaving prison, or—more likely—he…

Will Recent Economic Sanctions Drive Iran to Cryptocurrency?

A recent FinCEN advisory has stated that the re-imposition of economic sanctions on November 5 could drive Iran to get more serious about the cryptocurrency experiments it began in 2013. Could Iran Follow North Korea’s Lead Evading Sanctions Using Crypto? Iran has made little secret of its interest in cryptocurrency. The nation is believed to have been exploring the financial technology’s use since 2013. In an advisory issued on October 11, the U.S. Financial Crimes Enforcement Network (FinCEN) stated that the Gulf State may be forced to increase its forays…

Why Bitcoin is Primed for a Christmas Surprise

Twitter Facebook LinkedIn Nearly 11 months into a bear market that has seen the bitcoin price take a two-thirds haircut from its all-time high, the flagship cryptocurrency could be on the verge of a year-end rally. Mati Greenspan, senior market analyst at eToro, has been watching for a bitcoin breakout for some time now, and he said in market commentary made available to CCN that there are early indications that cryptocurrencies will see a “Santa Claus rally” heading into the new year. “In traditional markets, it’s very common to see…

BBVA Leads Blockchain-Based Syndicated Loan of $150 Million with BNP Paribas and MUFG

Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7. The syndicated bank transaction has been conducted on a private blockchain network through a group of three funding banks including French banking group BNP Paribas, Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA. Acting as the sole underwriter of the transaction, BBVA also secured the participation of a partly state-owned Spanish company Red Eléctrica de España, as well as…

Israel’s Central Bank ‘Not Recommended’ to Issue Own Digital Currency

An Israeli study group exploring digital currency options has recommended that the country’s central bank not issue its own token, a press release confirmed Nov. 6. The interdepartmental team, set up in November 2017 by the governor of the Bank of Israel to “examine the issue of central bank digital currencies [CBDCs],” revealed its findings in a full report this week. “Central banks around the world are examining the possibility of issuing digital currency and/or using distributed technologies in the payment systems, but no advanced economy has yet issued digital…

Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‘Not Guilty’

Three Thai citizens who are currently being prosecuted for allegedly swindling $24 million worth of Bitcoin (BTC) have pleaded “not guilty” in the Criminal Court of Bangkok, major Thai newspaper Bangkok Post reports Wednesday, Nov. 7. During the hearings, Thai prosecutors accused the three defendants and six accomplices of defrauding 21-year-old Finnish investor Aamai Otava Saarimaa back in 2017. According to the investigation, he was persuaded to buy shares in Expay Software Co, invest in a gambling-focused crypto token Dragon Coin (DRG), and buy 500 million shares in DNA (2002)…