Ethereum Price Analysis: ETH Remains A Sell Until It Breaks $120

ETH price tested the $119-120 resistance area and failed to gain strength against the US Dollar. There is a short term declining channel formed with resistance near $118 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently at a risk of more losses as long as it is trading below the $118 and $120 hurdles. Ethereum price failed to stay in the positive zone against the US Dollar and bitcoin. ETH/USD trimmed most its gains and it is likely heading towards the $114 support level.…

New Exchange Claims It Can Tokenize Shares of AirBnb, Uber, SpaceX

Crypto startups Zilliqa and MaiCoin have teamed up to create a centralized security token exchange in Singapore that will apply blockchain technology to the trading of traditional asset classes. Launched today, Hg Exchange aims to act as a “one-stop solution” for token issuers, buyers, sellers and market makers, providing participants access to privately held shares and security tokens. Hg claims to be the first “member-driven exchange” in southeast Asia seeking to merge the traditional finance industry with the nascent crypto space, meaning any participants in the platform must go through…

$20 Million Funding Round in Blockchain Firm Symbiont Includes Citigroup and Nasdaq

Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings. Symbiont’s blockchain and smart contract platform, Assembly, will be applied in capital markets. The offering purportedly allows financial institutions to share and verify data, and uses smart contracts to accelerate settlement times for syndicated loans and streamline mortgage bond markets. According to Bloomberg, Symbiont will use the funds to work on private equity, mortgages, data management, and…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 23

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. Adena Friedman, president and CEO of Nasdaq Inc., believes that cryptocurrencies will have an important role to play in the future, if they can integrate into the economy and find greater practical utility. Clarity on regulations and governance can provide the necessary boost…

Crypto Custodian Backed By Andreessen Horowitz and PayPal Co-Founder Launches

The Anchorage cryptocurrency custodian for institutional investors launched following a $17 million funding round led by venture fund Andreessen Horowitz, a press release states Wednesday, Jan. 23. According to the announcement, PayPal co-founder Max Levchin’s SciFi VC, venture company Khosla Ventures, Mark McCombe of investment firm Blackrock, and others also took part in the series A funding round. The developers claim they intended to make a custodian that would be more secure than cold storage in order to better support institutional investments, along with enabling active on-chain participation. Anchorage claims…

US Crypto Exchange Launches Spot Trading for Institutional Investors

Chicago-based, licensed crypto exchange Seed CX has launched spot trading for institutional investors, according to an official press release published on Wednesday, Jan. 23. Spot trading is the purchase or sale of a currency, financial instrument or commodity for immediate delivery. Spot contracts can include the physical delivery of the the instrument, commodity or currency. Per the announcement, Seed CX has introduced spot trading for the Bitcoin (BTC) to U.S. dollar pair, while Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) pairs will be added later this month. Furthermore, Seed…

CBOE Withdraws Rule Change Request to List Bitcoin Exchange-Traded Fund

The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has apparently withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). According to an official notice published on Jan. 23, BZX withdrew a proposed rule change that would allow it to list a Bitcoin (BTC) exchange-traded fund (ETF). ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive…

Enterprise Blockchain Platform Records 10K Transactions per Second in Testnet Launch

Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer. As the company announced on Sunday, Insolar set up its private testnet launch in order to prove its scalability and speed, with the goal to reach at least 10,000 TPS. The original Bitcoin (BTC) blockchain is able to process about 7 TPS, while the network of another major coin Ethereum (ETH) can process 20 TPS, as recently reported by Cointelegraph. Ripple…

John McAfee Will Run His Presidential Campaign Overseas

US entrepreneur and crypto enthusiast John McAfee has fled the United States to conduct his 2020 presidential campaign. The McAfee 2020 Campaign is, as of this day, in exile. I am being charged with using Crypto Cuttencies in criminal acts against the U. S. Government. More videos coming shortly. Stay tuned. pic.twitter.com/C75zcbnKTD — John McAfee (@officialmcafee) January 22, 2019 John McAfee Runs for President John McAfee is the founder of the famous McAfee antivirus software. Back in June of 2018, the cryptocurrency enthusiast announced his plans to run for the US…

ZB.Com User Accuses Crypto Exchange of Reporting Him to Police

A Chinese user of the cryptocurrency exchange ZB.com said that the exchange reported him to local police in a post on the 8btc forum, a major Chinese crypto community, on Jan. 21. In the post, which has been viewed over 12,000 times with 135 comments, the user claims that ZB.com froze his account containing a 400,000 yuan ($58,000) balance. The user surnamed Zhang said that the exchange called police after he earned money on the ZB.com platform. Zhang claimed that he tried to report the asset freeze to police, but…