Ethereum Price Analysis: ETH Staging Decent Comeback, Could Test $125

ETH price tested the $110-111 support area and later bounced back above $116 against the US Dollar. This week’s followed key bearish trend line was breached with resistance at $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now placed above the $116 resistance and it could continue to move higher towards $125. Ethereum price started a decent upside recovery against the US Dollar and bitcoin. ETH/USD could gain momentum once there is a break above the $121-122 resistance zone. Ethereum Price Analysis Recently, there…

Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.

Singapore-based holding firm Blockchain Exchange Alliance, which has a controlling stake in major crypto exchange Bithumb, is looking to list in the United States by acquiring a publicly traded company in the country, CNBC reports on Jan. 22. According to CNBC, a publicly-traded holding company called Blockchain Industries announced that it had a binding letter of intent with Blockchain Exchange Alliance. Acquiring a publicly-traded company, or a so-called reverse merger, can be a faster way to take a company public than a traditional Initial Public Offering (IPO). Should the reverse…

Hong Kong Hardware Manufacturer Releases Mining GPU for New Privacy-Oriented Coin

Hong Kong-based computer hardware manufacturer Sapphire has announced a new graphics card for mining the recently-launched GRIN Coin, according to an official press release published on Jan. 22. The SAPPHIRE RX 570 16GB HDMI Blockchain Graphics Card is one of the first of a “new family” that will support mining of the new GRIN Coin. GRIN, which was released earlier this month, is a privacy-oriented token that is touted as a fully decentralized and democratized digital asset. The token is based on mimblewimble technology, which in theory grants users in…

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

The company behind the Nebulas blockchain project has gone from a team of 80 people to just 30, CoinDesk has learned. After gaining attention in August for its decision to delay its token distribution, including holding onto founder tokens for a period of 10 years, the company has undergone a series of layoffs that have seen peripheral elements of its roadmap shelved, at least pending a recovery in the market for Nebulas’ NAS token. “One of the reasons was the market price kept going down,” Becky Lu, a spokesperson for…

NASDAQ CEO | Friedman Thinks Crypto Deserves Place in Our Economy

It bodes well for cryptocurrencies everywhere that the CEO of the world’s largest exchange, NASDAQ, has their back. Specifically, Adena Friedman thinks they “deserve an opportunity to find a sustainable future in our economy.” The comments were made yesterday by Friedman in a posting on her LinkedIn profile. The president and CEO of the Nasdaq exchange was writing ahead of her scheduled appearance at the World Economic Forum at Davos. NASDAQ CEO and Crypto Friedman believes crypto will have an important part to play in the future, believing “the invention itself [is] a tremendous…

Banking Research Institute Issues Blueprint on Blockchain Implementation

India’s Institute for Development and Research in Banking Technology (IDRBT) has published a blueprint on blockchain implementation in the banking sector, Indian daily newspaper the Financial Express reported on Tuesday, Jan. 22.   IDRBT was established by the Reserve Bank of India (RBI) in 1996 in order to conduct research and experiments in the banking sector. The organization is reportedly working with the Indian government, banks and industry players to build an interoperable blockchain platform. Since there is no relevant regulation for the blockchain sphere in India, the blueprint purportedly…

Bakkt Makes Initial Hiring Push for Bitcoin Futures Exchange

Ahead of its hotly anticipated launch, bitcoin futures exchange Bakkt has launched a hiring campaign. Eight new job posting were published Tuesday on the company’s website. Bakkt is looking for several experienced software developers, including mobile and blockchain developers; an institutional sales manager with experience in North America or Asia; and three higher-level positions including a director of finance, director of security engineering and director for blockchain engineering. An institutional-grade regulated exchange for crypto derivatives founded by the Intercontinental Exchange (the New York Stock Exchange’s parent company), Bakkt was expected…

Haven Protocol Devs Reassure Community After ‘Exit Scam’ Concerns

Following concerns that startup Haven Protocol was a “crypto exit scam,” an alleged member of its team reassured the community that the project was intact in a Twitter thread Jan. 21. Haven Protocol community members had raised the alarm over the intermittent silences and lack of code transparency from a core developer of anonymity-oriented altcoin Haven (XHV). According to one of the tweets in the thread from team member “Donjor” Jan. 21, the controversy was sparked by an intervention from a Haven marketing contributor in a thread on public chat…

63 Percent of Senior Execs Lack Understanding of Blockchain Tech

In a survey of institutional investors by the Global Blockchain Business Council (GBBC), 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. Cointelegraph acquired a copy of the study on Jan. 22. In December and January the market research company PollRight interviewed 71 institutional investors, including private equity, hedge funds and pension funds on behalf of GBBC — a trading association for the blockchain ecosystem. While most respondents believe that senior business executives do not understand blockchain, 30 percent consider their knowledge of…

London Stock Exchange Trading Tech to Power New Hong Kong Crypto Exchange

LSEG Technology, the technology solutions provider for the London Stock Exchange Group, has announced that its matching engine will be used to power a new Hong Kong-based digital assets exchange. The news was announced in an LSEG Technology press release Jan. 22. The forthcoming digital assets exchange — dubbed AAX — comes from blockchain and crypto-focused fintech firm ATOM Group. The platform will reportedly become the first digital assets exchange to use LSEG Technology’s so-dubbed “Millennium Exchange,” which is a low latency and scalable matching engine already reportedly in use…