LTC/USD Set for $20 after Dropping to 8th

Even with listing at Bitex, LTC/USD is facing upside resistance and is now trading below $30. Moving on, this is definitely inviting for sellers just like it is with Monero—XMR/USD and at EOS/USD. All in all, before sharp drops print, it is likely that bears will slow down allowing for minor recovery towards immediate resistances. Let’s have a look at these charts: EOS/USD Price Analysis Price movements are tight and previous EOS/USD trade plans are valid. For all we can draw from the charts, EOS/USD is bearish, down 25 percent…

XRP/USD is Bullish, Coin a Store of Value

Latest Ripple News Considering prevailing market conditions, it is clear that it has been a tough week for market participants. With double digit losses and breaks below important support levels, the meltdown was—and continues to be unforgiving. But even as participants despair, XRP did emerge as the winner of the “store of value” race edging Bitcoin and flipping Ethereum as the second most valuable coin in the space. Read: The Crypto Bubble Hasn’t Burst, It Hasn’t Even Begun Yet Ethereum is teetering and as the gap widen, mainstream hopium is…

Bitcoin Moving in a $400 Range with Resistance at $4,700

The path of least resistance is clear and as long as prices are trading below $4,700 then we could see further declines towards $3,000 or lower. But even as analysts and investors track price, the survival of Bitcoin conjures memories of the dot com bubble. It did burst; birthing Amazon and Google, companies that wield so much control with individual market caps more than triple that of cryptos. Latest Bitcoin News Much has been talked about price, the collapse and the effect of low trading volumes. In fact there has…

Bitcoin Price Will Likely Bottom at $3,000: Genesis Trading CEO

Twitter Facebook LinkedIn Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors liquidating their holdings will continue to drive the price downward. Not The End of the Road for Bitcoin Responding to a question about how bad the current market rout could get, Moro…

Exchange Partners With University of Luxembourg to Improve Crypto Asset Security

A new partnership between Luxembourg-based VNX Exchange and the University of Luxembourg aims to improve the security of digital assets, business news outlet Luxembourg Times reported Nov. 23. VNX is a marketplace and trading platform for tokenized venture capital founded in 2017. VNX is a member of fintech incubator the Luxembourg House of Financial Technology (LHoFT), Infrachain and APSI (L’Association des Professionnels de la Société de l’Information). Within the collaboration, the University of Luxembourg will purportedly help VNX develop higher levels of network security for digital assets. The researchers at…

Crypto Hardware Wallet Ledger Resumes Bitcoin Cash Services

Bitcoin Cash (BCH) services for cryptocurrency hardware wallet Ledger have resumed, according to an announcement published Nov. 23. Ledger suspended its BCH service on Nov. 14 in anticipation of the cryptocurrency’s hard fork “to prevent unwanted transactions and potential replay attacks.” During the service pause it was not possible to send BCH through the wallet’s infrastructure. The BCH network experienced an upgrade on Nov. 15, resulting in a complex battle and eventually splitting the blockchain into two — BCH ABC supported by crypto evangelist Roger Ver and BCH SV led…

Price Slump to Continue, With Bitcoin Bottoming Out at $3,000

Michael Moro, the CEO of cryptocurrency trading companies Genesis Trading and Genesis Capital Trading, said that the Bitcoin (BTC) price could bottom at $3,000 in an interview with CNBC Nov. 23. Speaking on CNBC’s “Squawk Box,” Moro suggested that the leading cryptocurrency will lose another 30 percent before bottoming at $3,000. Moro said, “You really won’t find [the floor] until you kind of hit the 3K-flat level.” Moro addressed small resistance levels, saying that he does not think the BTC price can stabilize in “the mid-3s,” also noting that the…

Bitcoin Miners Selling Old ASICs for Scrap as BTC Decline Worsens

Twitter Facebook LinkedIn Over the past several days, there has been much debate within cryptocurrency circles about a series of videos and images allegedly showing Chinese crypto mining firms dumping bitcoin miners on the street. BRUTAL: this is what’s happening now in a China based mining site …. ?? pic.twitter.com/gcN4lVTyBt — Dovey Wan ? (@DoveyWan) November 20, 2018 To some observers, the video and images demonstrated that crypto miners — even those located in China, where low energy rates provide greater profit margins — were beginning to feel the pinch…

Bitcoin Cash Price Drops 12% to All-Time Low at $190, What’s Causing it?

Twitter Facebook LinkedIn Since November 7, the Bitcoin Cash price (BCH) has dropped from $640 to $190, by more than 70 percent. Prior to the hash power war between Bitcoin Cash and Bitcoin Cash SV, a camp led by CoinGeek, Calvin Ayre, and Craig Steven Wright, the price of BCH plunged from $640 to around $450. BCH has continued to extend its loss to the lower end of $200 in the past several days following the incident, finally dipping below the $200 support level in the last 24 hours. Within a…

Bitfury Partners With Russian Economics University to Establish Blockchain Accelerator

Multisectoral blockchain company Bitfury has partnered with the Plekhanov Russian University of Economics to create an accelerator for blockchain projects, Russian crypto news outlet Forklog reports Nov. 21. In addition to supporting the development of blockchain projects, the university will provide courses and additional education dedicated to “training specialists who are able to create innovative projects using digital technologies in a short time.” This will enable specialists to “bring [the projects] to market amid the new industrial revolution,” Dmitry Ufaev, the head of Bitfury Russia, told Forklog. According to Forklog,…