Ethereum Price Analysis: ETH Relatively Muted, Next Move Finally Coming?

ETH price revisited the $114 support area and later moved higher against the US Dollar. Yesterday’s highlighted declining channel is intact with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair may soon make the next move either above the $118-119 resistance or below the $114 support. Ethereum price is confined in a tight range against the US Dollar and bitcoin. ETH/USD is likely setting up for a major move in the coming sessions either above $120 or below $114. Ethereum Price Analysis Yesterday,…

Overstock’s tZERO Security Token Platform Begins Live Trading

E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now live, according to a press release published Jan. 24. Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO Securities, which provides an alternative trading system for secondary trading of tZERO security tokens. CEO of tZERO Saum Noursalehi said: “The world of security tokens has lacked a regulated venue for secondary trading. The…

Coinbase Adds Tax Support Resources for US Customers, Including TurboTax Integration

American cryptocurrency exchange and wallet service Coinbase has added resources for customers in the United States to claim crypto trades on their taxes, according to an official blog post on Jan. 24. In addition to adding an educational guide on crypto and taxes, Coinbase has also integrated with popular tax software TurboTax. According to the blog post, users of Coinbase.com and Coinbase Pro will be able to automatically import transactions into a new, crypto-specific section of TurboTax Premier. Coinbase says that it provided the new resources in order to make…

Despite ‘Crypto Winter,’ Number of Blockchain Firms in Switzerland, Liechtenstein Grows

The number of blockchain-related firms in Switzerland and Liechtenstein has continued to rise according to a survey conducted by Switzerland-based crypto investment firm CV VC, Cointelegraph auf Deutsch reports on Jan. 24.   Per the report, crypto- and blockchain-related firms continue to crop up in the region despite the current bear market, which some have dubbed the “crypto winter.” CV VC states that at the end of December 2018, 750 companies using distributed ledger technology were located in Switzerland and Lichtenstein. This reportedly represents a 20 percent increase over the…

Overstock’s tZERO Token Platform Has Officially Opened for Trading

Overstock.com’s much-anticipated security token trading platform, tZERO, officially began trading Thursday afternoon. The company announced in a press release that its secondary market for tZERO’s own security tokens had gone live, marking the first step toward trading other digital assets on the platform. Accredited investors can sign up to trade tZERO tokens through Dinosaur Financial Group, LLC, which is acting as the “introducing,” or customer-facing, broker-dealer. TZERO subsidiary Pro Securities LLC is providing the alternative trading system (ATS) to trade the tokens. Investors in the tZERO token offering have long…

XRP Market Cap Could Be Overestimated By Billions

The market capitalization of distributed ledger tech company Ripple’s XRP token could be overvalued by as much as $6 billion, according to a recent report from crypto analytics firm Messari. Ahead of Ripple’s Q4 2018 report, Messari researched the “health and legitimacy” of the XRP’s market capitalization using data from cryptocurrency exchanges and third party cryptocurrency data services. The report states that XRP’s liquid circulating supply could be overestimated by 48 percent, putting the “actual” market cap at $6.9 billion instead of the $13 billion currently reported on CoinMarketCap. Messari…

Could Unit-e Finally Break Blockchain’s Scalability Impasse?

Amid a seemingly constant stream of new concepts claiming to be key to crypto to breaking through to the financial mainstream, one immovable issue remains ever-present: scalability. The crypto community is abuzz with new projects relating to the issue, from the Bitcoin (BTC) Lightning Network to a brand new cryptocurrency designed by some of the top names in crypto and American academia. Cointelegraph takes a look at the latest scalability developments and what they can bring to blockchain and crypto. Some of the United States’ finest academic and technological have come…

Cryptos Trade Sideways With Mild Gains and Losses Among Top Coins, Bitcoin Above $3,600

Thursday, Jan. 24 — the top 20 cryptocurrencies are mostly trading sideways with slight losses and gains across the board. Bitcoin (BTC) is currently creeping above $3,600 according to data from CoinMarketCap. Market visualization from Coin360 At press time, Bitcoin is continuing to trade around the $3,600 threshold as it did yesterday. The current price is $3,610, up 0.65 percent on the day. On its weekly chart, Bitcoin is down 1.4 percent from $3,670 on Jan. 17. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is seeing minor gains on…

Bitcoin Price Could Sink Even Further, Crypto Values Unproven

Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein investors have lost faith in major traditional assets like gold and the U.S. dollar. The analysts stated in a report: “Even in extreme scenarios such as…

Tron Price Analysis: TRX Absorb Sell Pressure, up 7.4%

Tron Prices on an uptrend ahead of BTT crowd-funding Justin Sun’s ambition clear, Tron to compete with Facebook and the likes Transaction volumes drop, but we expect TRX momentum to pick up After a successful NiTron summit, we expect TRX to edge higher ahead of BTT crowdfunding. Our trade plan will remain the same with first targets at 4 cents as bulls enter on every dip. Tron Price Analysis Fundamentals NiTron Summit was a success. By listing valuable companies including Oracle and subsequently announcing on Twitter that a delegation from…