Day: December 30, 2018

Ethereum Price Analysis: ETH Bracing For Next Move Higher

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Key Highlights ETH price traded towards the $147 level and later corrected lower against the US Dollar. There is a short term bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair likely to break the $138 and $140 resistance levels to start a fresh upward move. Ethereum price is gaining traction against the US Dollar and bitcoin. ETH/USD must stay above the $131 support initiate a fresh rally above $140. Ethereum Price Analysis Recently, we saw a nice upside…

Top Cryptocurrencies Mostly in the Red, Bitcoin Falls Below $3,900 Again

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Sunday, Dec. 30 — most of the top 20 cryptocurrencies are seeing discreet losses while a few report discreet gains. Bitcoin’s (BTC) price is under $3,900 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,880. Looking at its weekly chart, the current price is substantially lower than the Monday’s high of $4,271, and also lower than $4,011, the price of BTC one week ago. Moreover, the current price is still substantially up…

Chinese Survey Finds Nearly 40 Percent of Respondents Would Invest in Crypto

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A Chinese survey of 4,200 respondents has shown that 40 percent are willing to invest in crypto in the future, local Chinese crypto news outlet 8btc reports on Dec. 26. PANews, whose Twitter describes the outlet a news source for sharing blockchain news across Asia, conducted the survey. According to the answers gathered during the crypto-related survey, about half of all the respondents had heard of the following terms: cryptocurrency, digital currency or Bitcoin (BTC). On the other hand, 63 percent of the respondents believe that there is no necessity…

White Hat Hackers Earned $878,000 from Crypto Bug Bounties in 2018, Data Shows

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White hat hackers have been awarded $878,000 in bug bounties this year, technology news website TheNextWeb reports on Dec. 30. Bug bounties are a type of competition in which companies that develop software invite hackers to break their software and responsibly disclose the vulnerabilities, so they are able to fix them before they are exploited. According to TheNextWeb, hackers earned $534,500 on HackerOne, a bug bounty platform connecting companies with hackers just from Block.one, the company which stands behind EOS. In fact, Block.one is reportedly responsible for 60 percent of…

Ethereum, Ethereum Classic, NEO, IOTA, Binance Coin, Stratis

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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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. While 2017 was a raging bull market in cryptocurrencies, 2018 turned out to be a massive bear market that wiped out more than $720 billion in total crypto market capitalization. We believe that 2019 will bring back the focus on the fundamentals and…

Too Soon for Blockchain Benefits in 2019, Says UPS Executive

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Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA’s executive vice president of technology and chief digital officer Linda Jojo remained level-headed on blockchain’s prospects. “We have a small team looking at blockchain, but we are still searching for the killer use case,” Jojo said. As 2018 draws to a close, blockchain has faced mixed reviews in…

How Facebook’s Relationship With Crypto Changed Over 2018

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On Dec. 20, Bloomberg reported that Facebook is making a stablecoin for WhatsApp users. The cryptocurrency will reportedly be used for money transfers made within the messaging app and will focus on the Indian market. The move provides a curious juxtaposition for the social media giant, which banned cryptocurrency-related advertising across its network back in January and then partly reversed it in June. Here’s how Facebook’s relationship with cryptocurrencies and blockchain has been developing in 2018 — overall, it has been a patchy road. January: Zuckerberg is being bullish about…

Bitcoin Price Weekly Analysis: BTC Holding Key Uptrend Support

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Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900. Bitcoin price is holding the key uptrend support near $3,600 against the US Dollar. BTC/USD is likely to resume its upward move above $4,000 in the near term. Bitcoin Price Analysis This past week, bitcoin…