Bitcoin Cash Price Analysis: BCH/USD Could Extend Losses Below $150

Key Points Bitcoin cash price broke the $170 and $165 support levels plus extended losses against the US Dollar. There is a major bearish trend line formed with resistance near $168 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently under a lot of pressure and it could decline further below $150. Bitcoin cash price faced an increased selling pressure below $175 against the US Dollar. BCH/USD could even break the $150 support level and trade towards $130. Bitcoin Cash Price Analysis After…

Stellar Lumens, EOS, Litecoin, Cardano and Tron Price Analysis

Despite a spike in blockchain activity, EOS prices are yet to recover. The coin is actually the worst performer in the top 10 dropping 12 percent in the last day. However, the trend is uniform across the board with losses visible in Litecoin, Stellar Lumens and one of last week’s top performer, Tron. Nonetheless, we expect prices to bounce back and every low is technically a buy opportunity. Let’s have a look at these charts: EOS Price Analysis Once again, EOS on-chain activities is on overdrive recording 44,780,217 transactions at…

ETH/USD Price Risk Dropping Below $100

Latest Ethereum News To mark the 558th of “Dies Academicus”, the University of Basel–which is one of the oldest universities in the world boosting alumni as Leonhard Euler, Daniel Bernoulli and Friedrich Miescher did award the co-Founder of Ethereum, Vitalik Buterin, with a Honorary Doctorate in Economics for “his contribution to promoting decentralization and equal participation in the digital revolution, as well as for his services on cryptocurrencies, smart contracts, and institutional design”. Read: McAfee Unfazed After SEC Says Promoting ICO Without Disclosing Pay is Fraud The Department of economics…

Fundamentals Diverge From Price, Positive for Bitcoin Bulls

Fundamentals are extremely bullish and with regulators amending/formulating new laws, it’s clear that Bitcoin is here to stay. That could explain the increasing level of use, institutional interest and more funds for infrastructure development. Latest Bitcoin News Thing is, poor policies can cause irreparable damage for an economy. Unfortunately, then ordinary citizens bore the full brunt but not anymore. Crypto and specifically Bitcoin continue to be a safe haven for many. Drawing from what’s happening in Venezuela and how citizens are shifting their value to a global coin that is…

G20 Leaders Pledge Crypto-Asset Regulation After Buenos Aires Meeting

Leaders from the Group of 20 nations reiterated their pledge to regulate “crypto-assets” as part of a communique released Sunday after a meeting in Buenos Aires. In a declaration titled “Building consensus for fair and sustainable development,” the G20 participants committed to a number of measures to help grow the global economy. As in past meetings of group members, the document highlighted cryptocurrencies as one area in need of greater regulation. “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we…

US Government Interested in Tracking Privacy Coins, New Document Shows

The U.S. Department of Homeland Security (DHS) wants to know if tracking transactions conducted using privacy coins is feasible. A new pre-solicitation document published by the DHS Small Business Innovation Research Program discusses the use of cryptocurrencies such as bitcoin for transactions. While the document notes that there are both commercial and government uses for crypto, the topic specifically focuses on finding a way to conduct forensic analysis on privacy-focused coins if they are used for criminal activity. In the document, DHS highlights that platforms such as zcash and monero…

Bitcoin’s Network Just Experienced Its Second Largest Downward Adjustment

As the market continues to tumble (and mining profits have dwindled), Bitcoin’s mining difficulty dropped by its largest percentile in seven years — the second largest downward correction in the cryptocurrency’s lifetime. The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.1 percent. Just over two weeks later, the network would experience its most significant difficulty decrease, falling by 18 percent on November 1, 2011. Now, on December 3, 2018, the network’s mining difficulty has fallen by 15.1…

This Year’s G20 Put an Emphasis on Cryptocurrency Regulation

Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1. International government officials, as well as some of the world’s largest corporations including Bank of America, Inter-American Development Bank, the World Trade Organization and the World Health Organization, gathered to discuss topics ranging from infrastructural development to sustainable food sourcing. Among the topics examined at the summit included the creation of an open and resilient financial system…

Seven Funds Plan $300 Million Investment for Blockchain Startups Through 2021

Ohio funds will pour over $300 million into blockchain startups through 2021, Northeast Ohio daily news outlet Cleveland.com reported Dec. 3, quoting executives. Speaking at the ongoing Blockland Solutions conference, nonprofit JumpStart CEO Ray Leach announced that a total of seven funds were primed to invest $100 million in “early-stage startups that focus on using blockchain technology for business or government.” Another $200 million was being considered by “additional investment teams” for blockchain outfits working within Ohio’s social welfare projects, dubbed “Opportunity Zones.” The moves come as the U.S.’s Buckeye…

Crypto Assets See Losses Across the Board as BTC Falls Below $4,000

Monday, Dec. 3 — Crypto markets have today again taken a major downturn, with all of the major coins by market cap seeing significant losses of within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has dropped below the $4,000 price point, down about 7 percent on the day to trade at $3,868 at press time. Despite rebounding to as high as $4,400 Nov. 29, the top coin has today seen a drop from a 24-hour high of around $4,135 to…