Day: December 4, 2018

Bitcoin Cash Price Analysis: BCH/USD Crashes Below $150

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Key Points Bitcoin cash price traded further lower and broke the $150 support level against the US Dollar. There is a new connecting bearish trend line formed with resistance near $148 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $140 level in the near term. Bitcoin cash price extended losses below $150 against the US Dollar. BCH/USD may continue to move down and it could even test the $125 level. Bitcoin Cash Price Analysis Yesterday,…

EOS, Tron (TRX), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

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Losses are steep in EOS and this is partly because of block producer centralization claims and the uncertainty around Dan Larimer commitment. But while we expect bears to slow down, Tron is stable and up 22 percent in the last week. In fact, it could break and close above 1.5 cents main resistance line igniting buyers aiming at 3 cents. EOS Price Analysis The EOSIO network might be one of the fastest smart contracting platforms around but with a DPoS consensus algorithm introducing block producers or super nodes, the networks…

XRP/USD Bullish despite Dogecoin’s Founder Criticism

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Latest Ripple News Well, Jackson Palmer the creator of DogeCoin has had enough. He’s reverting back to basics, publishing an open source script that automatically blocks Twitter users that mentions XRP or Ripple in their bios, profile name or bio. After days of being pulverized by what he calls a wide “XRP and Army bot base”, the new script, XRP Away automatically blocks promoters of Ripple.  It is an extension of what was meant to deal with Ethereum scam bots that had terrorized Elon, Vitalik and a host of other…

BTC/USD Bottoming Up, Price Find Support At $3,700

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Latest Bitcoin News It is now official:  NASDAQ, the world’s second largest stock exchange will launch their Bitcoin Futures version by Q1 2019. This comes after days speculations after rumors began doing round that sources privy with development inside the exchange were confident that of the listing come next year. While confirming, Vice President of NASDAQ’s media team Joseph Christinat said the team has put in a lot of effort to make it academic and they knew about Bitcoin and blockchain technology back in 2013. They have since funneled a…

Overstock’s Medici Invests $2.5 Million in Grain Tech Firm’s Blockchain Pivot

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Overstock subsidiary Medici Ventures is investing in a software firm looking to store grain transactions on a blockchain. The company announced Tuesday it was purchasing $2.5 million of equity stake in GrainChain, a nearly six-year-old company which develops software tools to aid farmers and purchasers in the grain industry. Medici’s purchase gives it a 10 percent ownership stake in the company, with the option to purchase another 10 percent at a future date. While GrainChain originally developed internet of things-focused software, CEO Luis Macias told CoinDesk that the company began…

Air Force Grad School Launches Blockchain Demo Site

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The Air Force Institute of Technology (AFIT), a graduate school run by the U.S. Air Force, has launched an educational tool for blockchain. Modern Materials Handling magazine reported Monday that the school had launched a free demonstration website for supply chain management professionals in particular, aimed at helping students learn more about blockchain and its potential use cases. The tool can be used on its own as a classroom module, or folded into other lessons, according to the magazine. The platform was developed in conjunction with supply chain firm SecureMarking…

Numerai to Cut Token Supply by 10 Million to Become ‘Decentralized as F*ck’

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Numerai never did a token sale, but people have its token and they are using it. The numeraire (NMR) was launched in June 2017 as an early departure from the initial coin offering (ICO) template. Now, with the final upgrade of the company’s smart contract on ethereum, the maximum supply of tokens will drop from 21 million to 11 million, and the company will throw away the keys to the contract controlling its supply. “We are going to be decentralized as fuck,” Numerai founder Richard Craib told CoinDesk in an interview.…

US Congressman Announces Plans for Federal Cryptocurrency and ICO Regulation

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U.S. Rep. Warren Davidson (R) has announced plans to introduce legislation that would clearly regulate cryptocurrencies and Initial Coin Offerings (ICOs), local Ohio news agency Cleveland.com reports Dec. 3. According to Cleveland.com, Davidson announced his intention to introduce new legislation at the Blockchain Solutions conference. The bill would create an “asset class” for cryptocurrencies and digital assets, which “would prevent them from being classified as securities, but would also allow the federal government to regulate initial coin offerings more effectively.” This development would bring clarity to U.S. crypto regulation. Currently,…

US Treasury Official Calls on Crypto Industry Players to Combat Illicit Use of Crypto

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The U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker urged crypto industry players and regulators to prevent the illicit use of cryptocurrencies in a speech Dec. 3. Speaking at the Financial Crimes Enforcement Conference on Dec. 3, Mandelker addressed the issue of mitigating risks related to emerging technologies, including digital currencies, which could potentially be used for nefarious purposes. Mandelker stressed that financial institutions and cryptocurrency services providers must combat illicit activity and the risks of assisting bad actors. “The digital currency industry must…

Future is Brighter Than Ever for Crypto, Says Roger Ver

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The outspoken CEO of Bitcoin.com believes that the future of cryptocurrencies like Bitcoin and Bitcoin Cash is bright, despite the current market sentiment, fearing that the budding financial technology has already met its demise. Roger Ver: Based on Fundamentals, Crypto’s Long-Term Future is Bright Roger Ver is a polarizing character in the cryptocurrency industry. Love him or hate him, though, there’s no denying the early Bitcoin investor has helped bring cryptocurrency into the mainstream and has pushed the envelope for widespread adoption. In his latest comments, the Bitcoin.com CEO gives…