Ethereum Price Analysis: ETH Could Make Sustained Move Higher

Key Highlights ETH price corrected lower recently and tested the $147-148 support against the US Dollar. There is a crucial bullish trend line formed with support at $148 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed nicely in a bullish zone above $145 and it may continue to rise in the near term. Ethereum price is consolidating recent gains against the US Dollar and bitcoin. ETH/USD may soon break the $160 resistance and continue to move higher. Ethereum Price Analysis Recently, there were bullish…

US Feds Raid Tech Hub for Unauthorized Crypto Trading: Report

United States federal agencies reportedly raided the office of a Michigan-based science and tech center last month during a crypto-related investigation, local news outlet Wood-TV reported Jan. 5. As Wood-TV reported, Chris Boden, the founder of The Geek Group, made a live public statement on YouTube Saturday night, which has evidently since been deleted. Boden reportedly claimed the office of his tech-oriented, non-profit organization had been raided by members of the U.S. Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) on Dec. 21, elaborating that computers…

Bitcoin Fees Hit 3-Year Low as Lightning Network, SegWit Help BTC Scale

Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when it was trading at about $270. Bitcoin tx fees just hit their lowest level in over 3 years! Jan 1, 2019:Median Bitcoin tx fee = $0.02Total transactions = 234,576 Oct 13, 2015:Median Bitcoin tx fee =…

Law Enforcement Inquiries Sent to Kraken Nearly Tripled in 2018

Cryptocurrency exchange Kraken has received nearly three times more law enforcement inquiries in 2018 than in 2017, the exhange reported in a tweet Jan. 5. According to data displayed in the weet, in 2018 the exchange received 475 law enforcement inquiries from global government agencies, while in 2017 there had been only 160. Still, 2017 numbers were already considerably higher than the previous year, when there were only 71 inquires. Annual Law Enforcement Inquiries Received by Kraken – Source: Kraken tweet The tweet further highlighted the prevalence of United States…

Bitcoin Hovers Оver $3,850 as Top Cryptos See Mixed Signals

Sunday, Jan. 6 — most of the top 20 cryptocurrencies are seeing a mix of moderate gains and losses on the day to press time. Bitcoin’s (BTC) price is currently hovering over $3,850 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up just a fraction of a percent on the day, trading at around $3,870. Looking at its weekly chart, the current price has come full circle from $3,867 on Dec. 30. The current price is lower than the intra-week high of $3,946 on Jan.…

Fake News Site Promotes Bitcoin With Image of Ex-New Zealand PM

An alleged fake news website released a crypto-related article employing the image of former New Zealand prime minister John Key, local media outlet Stuff reported Jan. 5. The ad reportedly promoted Bitcoin (BTC) and a company called “Crypto Revolt,” which is allegedly a cloned scam site. The article further explains that the advertisement imitates a Stuff business news page and “purports to interview John Key on his enthusiasm for Bitcoin.” Moreover, in place of the Stuff logo there is an “NZ Times” logo, and all the links reportedly lead to…

The Biggest Problem for ICOs? In 2018, It Was Their Own Investors

Simon Seojoon Kim is CEO and partner at Hashed, a crypto-focused accelerator focused on community building and impact investing. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  At the beginning of 2018, the blockchain community reached the pinnacle of the ICO bubble. The slogan of ICOs, which promised that “anyone can invest in an initial project,” sounded wonderful and future-oriented. However, as the prices of most ICO tokens continued to tumble over the past year, it appears that the first chapter of this grand experiment has ended in failure.…

RIP ICOs: 2019 Will Be the Year of Enterprise Blockchain Tokens

Ajit Tripathi is a partner at ConsenSys, where he specializes in global financial services business development and corporate venture strategy. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  One year ago, I wrote an article for CoinDesk in which I humbly argued that the price of ether didn’t matter and what everyone in the blockchain community should focus on is building useful applications instead. Hate to say I told you so, but… I did. A few short months later, CryptoKitties were chased away by the bears, the…

Bitcoin Price: Analyst Willy Woo Says Bears Still Have the Upper Hand

The Bitcoin price dropped almost 80% over the year, dragging the crypto market with it. Short-term bulls believe the market could be ripe for a bullish run. They cite the steady increase in Bitcoin’s trade volumes and transaction rate. Researcher and cryptocurrency analyst Willy Woo believes this might not be the case. In a set of tweets, Woo argues that the on-chain volumes are just too little for a sustained run. He cites volatility as a reason for the increased on-chain volume seen in recent weeks. “The initial volume spike false…

Analyst Willy Woo Says Bears Still Have the Upper Hand

The Bitcoin price dropped almost 80% over the year, dragging the crypto market with it. Short-term bulls believe the market could be ripe for a bullish run. They cite the steady increase in Bitcoin’s trade volumes and transaction rate. Researcher and cryptocurrency analyst Willy Woo believes this might not be the case. In a set of tweets, Woo argues that the on-chain volumes are just too little for a sustained run. He cites volatility as a reason for the increased on-chain volume seen in recent weeks. “The initial volume spike false…