Ethereum Price Analysis: ETH Remains In Downtrend, Could Test $100

Key Highlights ETH price declined further and broke the $121 support area against the US Dollar. There are two bearish trend lines formed with resistance near $121 on the hourly chart of ETH/USD (data feed via Kraken). The pair may correct higher in the short term, but it remains a sell near the $120 and $121 levels. Ethereum price extended losses and declined below key supports against the US Dollar and bitcoin. ETH/USD may continue to move down and it could even test the $100 handle. Ethereum Price Analysis In…

Japan Not Considering Approval of Bitcoin ETF, FSA Denies Reports

According to a spokesperson from the Financial Services Agency (FSA), Japan is not considering the approval of a Bitcoin exchange-traded fund (ETF). Speaking to Bitcoin.com, an FSA representative said: There is no such fact that we are considering approving ETFs which track crypto-assets at present. We are not currently considering approving them. Japan Doesn’t See the Need for a Bitcoin ETF Last week, several sources including Bloomberg reported that Japan is exploring the possibility of approving Bitcoin ETFs as an alternative to Bitcoin futures. The reports led to an increase…

Tron, Neo, Cardano, Binance Coin, Litecoin

After a strong start in 2019, the crypto markets have witnessed sharp selling that dragged the prices down by about 10 percent on Jan. 10. This indicates that the process of bottom formation will be volatile. The traders should aim to book quick profits and trail their stops higher to protect any potential profits. The important event that turned the tide in favor of the bears was the 51 percent attack on the Ethereum Classic network. The crypto markets had topped on Jan. 7, 2018, reaching a total market capitalization…

Bitcoin Falls Under $3,600 as Top Cryptocurrencies Report Moderate Losses

Sunday, Jan. 13 — all the top 20 cryptocurrencies are seeing slight to moderate losses in the 24 hours to press time. Bitcoin’s (BTC) price has fallen below $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 2 percent on the day, trading at around $3,568. Looking at its weekly chart, the current price is lower than the intra-week high of $4,109 — registered on Jan. 8 — and is also lower than $3,869, which is the value of one bitcoin last Sunday.…

University of Bahrain Will Issue Diplomas on the Blockchain Employing Blockcerts

The University of Bahrain will issue diplomas on the blockchain, English-language local media Trade Arabia reports on Jan. 13. According to the aforementioned article, the university employs the Blockcerts open standard in partnership with Learning Machine, a startup providing a system to issue verifiable official records using a blockchain-anchored format. As Cointelegraph reported in September last year, the government of Bahrain has stressed the importance of blockchain technology for the country’s economy while urging cybersecurity vigilance. Abdulhussain Mirza, Bahrain’s minister of electricity and water affairs, declared: “Blockchain’s ability to protect user’s…

Seven Cryptocurrency Exchanges Could Receive FSA-Issued Licenses in Two Months

According to new insight into the Japanese financial agency’s review process of companies applying for a cryptocurrency exchange license, seven applications will be either approved or rejected within two months. Cointelegraph Japan reported on this development on Jan. 12. The new information in regard to the review process offered by the Financial Services Agency (FSA) revealed that it involves a lengthy procedure that takes almost six months from the time of application — which includes the submission of answers to over 400 questions — to official decline or approval. According…

US Partner of Crypto Exchange Huobi Rebrands as Huobi

HBUS, the United States-based strategic partner of China-born crypto exchange Huobi, has announced the rebranding of its retail trading service from HBUS.com to Huobi.com. The rebranding was shared in a press release with Cointelegraph on Jan. 11. As reported, HBUS launched as a strategic partner of Huobi Group — the operator of the flagship Huobi Global crypto exchange — via a newly created San Francisco-based company “HBUS Holdco, Inc.” last June. The latter will reportedly continue to operate the platform after its rebranding. Under the new licensing agreement, HBUS.com will…

Ethereum Classic 51% Attackers Allegedly Returned $100,000 to Crypto Exchange

The Ethereum Classic 51 percent attacker has reportedly returned $100,000 to cryptocurrency exchange Gate.io, a post on the official exchange’s blog reports on Jan. 12. The company further noted that they tried contacting the attacker but didn’t get any reply until now, and that they do not know the reason why the funds have been returned. The exchange declared: “If the attacker didn’t run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.” A white hat…

Google Reportedly Blacklists ‘Ethereum’ as a Google Ad Keyword, Startup Claims

Google (Alphabet Inc.) has reportedly blacklisted keywords mentioning Ethereum (ETH) on its advertising platform Google Ads, smart contract auditing startup Decenter tweeted on Jan. 10. The official Google Ads account replied to the tweet stating that cryptocurrency exchanges targeting the United States and Japan can be advertised on the platform, and that targeting other countries could be the reason for the ad rejection. When Decenter explained that they are a group of developers doing smart contract security audits and that they were seeing the error message when trying to use…

Cornered by Bear Market, Bitmain Is Facing an Unclear Future

On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018. So what exactly is happening with one of the world’s most influential crypto outfits? Brief introduction to Bitmain, the world’s most powerful crypto mining giant Bitmain was founded in 2013 by Jihan…