Ethereum Price Analysis: ETH Is At Risk of More Losses Below $121

Key Highlights ETH price recovered a few points, but it failed to clear the $130 and $131 resistances against the US Dollar. There is a major bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to struggle near $130 and it may decline further in the short term. Ethereum price is facing an uphill task against the US Dollar and bitcoin. ETH/USD may continue to face a strong resistance near the $130 zone. Ethereum Price Analysis…

UN Partnership to Roll Out Blockchain-Based Telemedicine, Telepsychology in East Africa

The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26. In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres, Regional Representative for UNODC’s Regional Office for Eastern Africa (ROEA), de Andres wrote that the organization is “willing to cooperate […] in a new partnership.” Doc.com is a tech firm that offers blockchain-based 24/7…

Bitcoin Price Finds Bears Near $4,200, At Last Leg Before Breakdown

Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $3,850 but rejected extended upside targets in a pullback action that stretched to as low as $3,686. Before the European session matured, the pair had already bounced back from the said support to pursue another attempt to break $3,850. As of now, it is hanging midway between the two levels, trading at $3,791. BITCOIN/DOLLAR 1D CHART | SOURCE:…

Scientists Turn Copper into ‘Gold’ — Will Bitcoin Replace as Store of Value?

According to a new paper published in a peer-reviewed scientific journal, researchers in China have made a groundbreaking discovery that could profoundly impact the face of the precious metals landscape — and provide bitcoin with an opportunity to shine. Scientists Turn Copper into Substance ‘Almost Identical’ to Gold Per SCMP, a team of scientists at the Dalian Institute of Chemical Physics at the Chinese Academy of Sciences in Liaoning have developed a method to turn cheap, plentiful copper into a substance that is “almost identical” to gold, accomplishing what alchemists…

Litecoin Foundation to Sponsor UFC Title Fight in Bid to Increase Crypto Adoption

The Litecoin Foundation will sponsor an event of the Ultimate Fighting Championship (UFC) mixed martial arts organization, according to an announcement published Dec. 26. In the statement, the foundation said that it has become the “Official Cryptocurrency Partner” of the UFC light heavyweight title fight between Jon Jones and Alexander Gustafsson. The Litecoin Foundation stated that the sponsorship is part of its effort to expand the adoption of digital currencies, saying: “With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 26

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. 2018 has not been a profitable year for most asset classes. Tightening interest rates by the United States Federal Reserve, slowing growth, trade wars and fears of a recession have led to a sharp slump in various markets. Leading crypto companies like Beijing-based Bitmain…

Can OTC Market Actually Have a Significant Impact on the Bitcoin Price?

The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $1 million to ensure the market has enough liquidity to facilitate the settlement. Why OTC Market is Better Than Bitcoin Exchanges On major fiat-to-crypto exchanges like Coinbase, Skew, a cryptocurrency options market data provider, said that purchasing over $4 million in Bitcoin could cost…

Korean Court Acquits Crypto Exchange Bithumb After Investor Filed Lawsuit Over $355K Hack

South Korean crypto exchange Bithumb has won a lawsuit in which an investor had sued the company for his loss of around $355,000 in an alleged hack. Local financial newspaper The Korea Economic Daily reported on the outcome on Dec. 24. According to the report, the investor — 30 year old civil servant Ahn Park — alleged he had been the victim of a hack of his Bithumb account on Nov. 30, 2017, which resulted in a loss of 400 million Korean won, or around $355,000. Within hours of making…

New Indian Governmental Committee Favors Legalizing Cryptocurrencies, Media Reports

A governmental committee in India has reportedly suggested that cryptocurrencies be legalized in the country, English-language local media TheNewIndianExpress (TNIE) reported on Dec. 26. According to the article, an unnamed senior official who reportedly attended the panel’s meetings on cryptocurrencies stated: “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders.” Previous Indian government panel meetings had reportedly suggested a complete ban on cryptocurrencies in the country earlier in December, stating that “any kind of dealing in such currencies…

Markets Remain Checkered After Christmas With Red and Green Across the Board

Friday, Dec. 26 — crypto markets are tentatively recovering after hefty losses hit all major cryptocurrencies yesterday on Christmas Day. All of the top 10 coins by market cap are seeing mild losses or gains of within a three percent range both red and green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has seen negligible price change over the 24 hours before press time, and is currently trading around $3,804. After a steep price dip yesterday, the coin is stemming further losses and is holding at…