Ethereum Price Analysis: ETH/USD Turned Buy on Dips Near $112

Key Highlights ETH price climbed above $120 and traded towards the $125 resistance level against the US Dollar. There was a break below a connecting bullish trend line with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $112 level and the 100 hourly SMA. Ethereum price climbed higher recently against the US Dollar and bitcoin. ETH/USD topped near $125 and later started a downside correction. Ethereum Price Analysis Recently, there was a positive break above…

Cardano, EOS, Stellar Lumens, IOTA, Litecoin Price Analysis

Despite a moral boosting altcoin recovery, most are yet to print above minor resistance levels—Litecoin, IOTA while other are still lagging—EOS and bearish. As laid out in previous trade plans, we shall only initiate positions—like in Cardano (ADA/USD) since they have a bull backing—high volumes wide trade range—once our trading conditions are true. Let’s have a look at these charts: EOS Price Analysis     Understandably, yesterday’s 10 percent surge could be a source of excitement. It should be. But, a look at the charts point to other things—that EOS/USD…

BCH/USD Bulls Aim at $300, BCH SV to Follow Suit

Latest Bitcoin Cash News The war is over and we all know Bitcoin Cash lost. After 14 days of hard knocks, Bitcoin Cash ABC—the main version proposed by Bitcoincash.org, is now half of what it was. While the capitulation drove it to new lows, Craig Steven Wright—whom many accuse of being a professional conman and a faketoshi mostly because he can’t code, won. His new coin—BCH SV— which he claims will be used by one billion people in the coming years as the network is business ready is now worth…

Galaxy Digital Lost $136 Million in the First Three Quarters of 2018

Mike Novogratz‘s crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018, Bloomberg reports Nov. 28. According to Bloomberg, Galaxy Digital’s realized and unrealized losses in Q3 amounted to $41 million, which when combined with the results of previous quarters, amounts to the firm being out $136 million so far this year. The firm’s share price also dropped to a record low after tumbling 55 percent this month. Founded earlier this year, the company explained that the losses were mainly due to tumbling prices…

BTC/USD add $350 but Could Rally To $6,000 by Dec 2018

After a stretcher, coin hodlers are finding reprieve. BTC/USD is up $350 in the last day but could edge higher now that Wall Street companies are forming a self regulatory group—ADAM with the aim of “cleaning” the crypto image. At the same time, NASDAQ plan to launch its first Bitcoin Futures by Q1 2019 should their proposals get approval from the CFTC. Latest Bitcoin Prices Latest Bitcoin Prices Coinciding with Bitcoin price revival—after a long 11 months of value draining bear run, the Association for Digital Asset Markets (ADAM) is…

Zug Court Shuts Down Swiss Off-Grid Mining Firm Envion AG

The cantonal court of Zug, Switzerland has shut down cryptocurrency mining firm Envion AG for an alleged unauthorized Initial Coin Offering (ICO), German news outlet Handelsblatt Global reported Nov. 28. Envion was established in Switzerland by Michael Luckow and Matthias Woestmann as an off-grid mining company that claims to use decentralized, clean energy like hydroelectric and solar to power its mobile mining units. Envion reportedly raised around $100 million through an ICO conducted in mid-January of this year. However, the project eventually turned into a fight between the two partners…

Decentralized Social Media Platform Steemit Lays Off 70% of Staff Following Market Crash

Social networking platform Steemit is laying off more than 70 percent of its staff due to the cryptocurrency market crash, and is beginning a structural reorganization, according to a Nov. 28 video post by Steemit CEO Ned Scott. Steemit runs a decentralized application on the Steem blockchain, while its system is built around community-driven posting, evaluation, and administering of content. Steemit rewards participants and content in the so-called “attention economy” with the native token STEEM. Per the announcement, the recent drop in cryptocurrency markets has resulted in a decrease in…

Bitcoin Price Could Bottom as Early as December or as Late as February

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to David Puell, a Bitcoin and market analyst, the dominant cryptocurrency could either reach its bottom by the end of December or within the first quarter of 2019. The $4,300 region, which Bitcoin entered after enduring a 35 percent correction from around $6,600, has been established as a comfortable region for the asset. With resistances stacked up above the $4,300 mark, the analyst explained that…

Huobi Cryptocurrency Exchange Launches Derivative Market

Singapore-based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty. Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders…

UAE Presents Blockchain and AI Initiatives Following Annual Government Meeting

The Second United Arab Emirates (UAE) Government Annual Meetings concluded with the introduction of two initiatives pertaining to blockchain and artificial intelligence (AI), the Emirates News Agency reported Nov. 28. At the meeting hosted by the governmental AI and Blockchain Joint Working Group, participants addressed strategies to attract foreign investment and create necessary technological infrastructure, as well as potential challenges related to blockchain and AI adoption. The meeting announced the launch of the AI and Blockchain Guide Initiative, which aims to develop a standardized definition of the technologies on the…