Day: December 17, 2018

Ethereum Price Analysis: ETH Turned Buy On Dips Above $90

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Key Highlights ETH price traded higher recently and broke the $89-90 resistance area against the US Dollar. There was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded as high as $97 and it is currently consolidating gains above $90. Ethereum price made a nice bullish move against the US Dollar and bitcoin. ETH/USD is now trading in a bullish zone and it may find a strong support near $89-90. Ethereum Price Analysis After…

Layoffs in Crypto Are On the Rise, Still Lower Than in Other Industries

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Since Bitcoin hit its all-time high of $20,000, the dominant cryptocurrency has seen more than an 80 percent decline in value from that historic milestone over the past 12 months. The popularity of Satoshi Nakamoto’s Bitcoin pioneered the way for other projects to explore the possibilities of blockchain technology. The brightest minds pushed the boundaries, which gave birth to Ethereum, Ripple and other projects that have provided new and unique use cases for distributed ledger technology (DLT). Their success set the bar high, but that also led the way for…

US Crypto Exchange Coinbase Introduces Digital Asset Conversions

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San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, according to an official statement on Dec. 17. Per the statement, customers will initially be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH). The service will be available on coinbase.com and the firm’s iOS and Android apps. The new feature will purportedly be made available to customers in 34 different countries, wherein Coinbase offers native payment access. According to the exchange, Convert is a “natural…

Peter Thiel-Backed Electronic Brokerage Firm Tagomi Launches

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Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm, has launched, according to a Dec. 17 press release. Tagomi is an electronic brokerage for digital assets. The firm’s offerings include cross market execution, capital management, post-trading reporting, as well as settlement and custodial services. According to Chief Executive Officer of Tagomi, Jennifer Campbell, the company aims to ease the operational challenges related to trading digital assets. The company caters to clients that “require institutional operational standards.” As Cointelegraph reported in October, institutional investors…

Traditional Investors Shift to Over-The-Counter Bitcoin Markets

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In its recent analysis published Dec. 17, research firm Diar has found that institutional investors have shifted towards higher liquidity over-the-counter (OTC) physical Bitcoin (BTC) markets. Diar noted growing investment in OTC funds like that offered by major American cryptocurrency exchange Coinbase. According to the report, Coinbase outperformed Grayscale’s Bitcoin Investment Trust (GBTC) on OTC markets in terms of BTC trade volume. While OTC trade volumes are dwarfed by non-OTC investment, it is still significant as OTC markets are only open for 31 percent of annual tradable hours. Grayscale reportedly…

Overstock Subsidiary tZERO to Develop Smart Contract Token for Rare Metals Sale

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Private equity firm GSR Capital has contracted Overstock.com Inc.’s subsidiary tZERO Group Inc. to develop a smart contract token for a sale of cobalt, according to a press release published Dec. 17. tZERO and Hong Kong-based GRS Capital’s partnership is focused on developing an ecosystem in Asia for tokenized commodity purchase contracts that would purportedly improve the supply chain process of rare metals. Additionally, the parties are looking to launch a security token platform in the region, following compliance with relevant regulatory requirements. Per the release, the token will be…

Will Bitcoin Rebound in 2019? The Bull vs. Bear Case

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The Great Crypto Debate: Part II One year after Bitcoin hit nearly $20,000, what can we expect from crypto in 2019? Participants: Caroline Hyde (Bloomberg News) Joe Weisenthal (Bloomberg News) Michael McKee (Bloomberg News) Mike McGlone (Bloomberg Intelligence) Ryan Selkis (Co-Founder and CEO, Messari) UCIALMKvObZNtJ6AmdCLP7Lg Source link

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

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The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17. The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at entrant banks. UBF’s chairman, Abdul Aziz Al Ghurair, claimed that the discussed initiative represents an effort to create and maintain a “thriving banking ecosystem.” Participants also discussed issues pertaining to the country’s national digital…

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Bitcoin Cash, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 17

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. In December of last year, market participants were rejoicing as cryptocurrencies led by Bitcoin were soaring. The leading digital currency reached a high of close to $20,000 on Dec. 17 and investors were hoping for even higher levels. A year later, after a massive…

German State Bank KfW Tests Blockchain App for Public Finance Management in Burkina Faso

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Germany’s major state-owned bank KfW and Burkina Faso’s Ministry of Finance will test a blockchain application for use in public financial management, according to a statement posted Monday, Dec. 17. KfQ, ranked in 2017 as the country’s third largest bank by total assets, had also previously signed an agreement with the Burkinabe government in June 2018, providing the country with a credit of €7 million ($7.9 million) to finance water supply and sanitation areas. According to the recent blockchain-related announcement, TruBudget, an open source app developed by KfW, will be…