Ethereum Price Weekly Analysis: ETH/USD Tumbles Toward $100

Key Highlights ETH price is under a lot of pressure and declined below $125 and $115 against the US Dollar. There is a crucial bearish trend line formed with resistance at $115 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could even break the $100 support level if sellers remain in action in the near term. Ethereum price fell significantly versus the US Dollar and Bitcoin. ETH/USD is likely to test the $100 support level considering the current price action. Ethereum Price Analysis The past few…

Singapore Grants RMO License for CapBridge to Operate New Security Exchange

Global private capital platform CapBridge Pte. Ltd. has garnered a license from the Monetary Authority of Singapore (MAS) to operate a security exchange known as 1exchange (also called 1X), which became operational on November 21, 2018. The exchange is designed to organize liquidity for private companies prior to exit events like an M&A (merger and acquisition) or an IPO (initial public offering). In an interview with Bitcoin Magazine, CEO and founder of CapBridge Johnson Chen said that the process of obtaining the license took nearly two years. Steps included identifying…

One Week Later: The Latest Developments in the Bitcoin Cash Split

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins last week: “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). One week later, the Bitcoin Cash ABC chain has accumulated more proof of work and has been “ahead” of the Bitcoin Cash SV chain practically since the split. Its native currency, BCHABC, is also trading higher on exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious — but not all Bitcoin Cash SV proponents consider the…

Analyst Falsely Claims Bitcoin Price Decline Will Spark Gold Rally

Twitter Facebook LinkedIn Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange (FX) trading giant Oanda, has said that the plunge in the value of bitcoin and crypto will lead to a surge in the price of gold. In an interview, Innes said: “There’s still a lot of people in this game. If Bitcoin collapses, if we start to see a run down toward $3,000, this thing is going to be a monster. People will be running for the exits. I don’t think coins are…

Below $4k: Bitcoin’s Price Drops to a 420-Day Low

The price of bitcoin fell below $4,000 for the first time today since September 27th of last year. At around 16:20 UTC Saturday, the world’s largest cryptocurrency by market capitalization sank to an average price across exchanges of $3,970.43, a figure 7.5 percent lower than the day’s opening price of $4,298.83, according to Coindesk’s Bitcoin Price Index.  At $3,745.89 as of press time, BTC’s price is now down more than $1,700, or 30 percent, in the past seven days alone and 81 percent from its all-time high of roughly $20,000,…

XEM, Ripple, EOS, Bitcoin, IOTA

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the start of the year, the total market capitalization of cryptocurrencies was above $828 billion and many expected it to touch $1 trillion. However, after the hype of last year, the current bear market has been bone-crushing with no end in sight.…

Crypto Markets See Mild Volatility on The Day, Fail to Hold Sharp Rebound Trend

Saturday, Nov. 23: crypto markets have seen some volatility on the day, but failed to hold a sharp rebound attempt. The top 20 cryptocurrencies by market cap are seeing their prices stabilize after another sell-off yesterday, according to CoinMarketCap. As of press time, the major 20 crypto markets are seeing a mix of red and green, with most gains fluctuating around 1-2 percent. Market visualization from Coin360 Bitcoin Gold (BTG), ranked 20th by market cap, has seen the biggest growth on the day, spiking almost 10 percent over the past…

Alleged Bitcoin Launderer Vinnik Announces Hunger Strike to ‘Get a Fair Trial’

The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, said his defendant will go on a hunger strike this Monday, Russian state-owned news outlet TASS reported Nov. 23. According to Timofey Musatov, the head of the lawyers representing Vinnik, the reason given for the hunger strike is that “he [Vinnik] was stripped of the right for defense in France and, consequently, in Greece.” The lawyer also noted that “it became clear that the [French-issued] European arrest warrant expired.” In 2017, Greece’s supreme court ruled to…

The Making of the First US ICO Fraud Case

In common law systems, it is precedent that informs judicial approaches to new and previously unaddressed matters. The precedent that will likely shape the body of U.S. case law on fraudulent initial coin offerings (ICOs) is currently being forged in a federal court in the New York borough of Brooklyn, where a 39-year old entrepreneur, Maksim Zaslavskiy, has pleaded guilty to committing securities fraud. The development that will most likely result in a landmark decision – the jury will gather in April 2019 to decide on a sentence – is…

Battle for Bitcoin Cash Name Ends as BCH SV Backer Calls for ‘Permanent Split’

Billionaire Entrepreneur and Bitcoin Cash SV (BCH SV) supporter Calvin Ayre has declared that the coin “no longer want[s] the name Bitcoin Cash [BCH]” in a article published Nov. 23. Posted on Ayre’s own crypto media outlet CoinGeek, the statement claims that Bitcoin Cash SV will continue to exist independently from Bitcoin Cash (BCH), and that the coin is in fact the “original” Bitcoin (BTC): “Bitcoin SV is the original Bitcoin not the original Bitcoin Cash.” Ayre calls on Bitcoin Cash ABC – the Roger Ver-backed coin created in BCH’s…