Ethereum Price Analysis: ETH Consolidates While Trading Volume Drops

ETH price is still trading below the $108 and $110 resistance levels against the US Dollar. There is a new connecting bearish trend line formed with resistance near $107 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains supported on the downside above the $105 and $103 levels in the near term. Ethereum price is confined in a tiny range against the US Dollar and bitcoin. ETH/USD could continue to consolidate until trading volumes pick up and price action improves. Ethereum Price Analysis There was a…

“The Cutest Crypto Game” Celebrates Chinese New Year and Sends Out Digital Gifts

Decentralized crypto collectible game Blockchain Cuties, which is already available on three different blockchain platforms — Ethereum, EOS and Tron — has announced a celebration of Chinese New Year for its players. The game developer is going to implement the Chinese tradition of giving “lucky red envelopes” and will send out digital gifts. The Blockchain Cuties players won’t know what will be inside their digital packs until the Chinese New Year, on Feb. 5, 2019. Also, for the event, the game will release new virtual pets — Pigs. Crypto “lucky…

Palestinian Fundamentalist Group Hamas Receives Funding via Bitcoin

In a particularly interesting case study for the consequence of Bitcoin’s global impact, the internationally recognized terrorist group Hamas has announced that it will accept bitcoin to fund itself. The de facto ruling party of the Gaza Strip since the reconciliation agreement with rival group Fatah, Hamas holds a majority of seats in the Palestinian Legislative Council and attempts to act as a government. As Palestine is not internationally recognized as a country, Hamas’ militant arm frequently clashes with Israeli forces. Just recently, spokesmen for the group made an appeal…

Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?” I had “really” thought about it and it seemed not only sensible but necessary. Nakamoto’s white paper calls Bitcoin an “Electronic Cash System,” and I hadn’t stressed the cryptocurrency’s utility as…

Crypto Exchanges Experience Lowest Trading Volumes Since 2017

Trading volumes on cryptocurrency exchanges have dipped to new lows in January, according to an analysis published by crypto and blockchain research firm Diar on Feb. 4. Since the beginning of the year, digital currency exchanges have reportedly registered lower trading volumes, marking new lows that have not been recorded since 2017. Diar further notes that it has turned to be the worst period for the world’s leading crypto exchange by adjusted trading volume, Binance, as its Bitcoin (BTC)/U.S. dollar (USD) market reduced by more than 40 percent in comparison…

BitTorrent’s Token Price Spikes 600 Percent Since ICO

BitTorrent token’s (BTT) price has gone up over 600 percent since its initial coin offering (ICO) which sold out in minutes, according to the data from CoinMarketCap on Feb. 4. Peer-to-peer torrent client BitTorrent, which allows users to distribute files over the Internet launched its Tron-based native token BTT in the beginning of January. BTT is purportedly part of a broader ambition to build a decentralized content distribution platform using the digital currency. On Jan. 28, the BTT sale on the Binance Launchpad platform made headlines, netting $7.1 million dollars…

A Court Date for QuadrigaCX: What to Expect at Tomorrow’s Hearing

The troubled crypto exchange QuadrigCX has appealed for creditor protection, setting the stage for a significant court hearing on Feb. 5 in Canada. Last Thursday, the exchange’s appeal was made before the Nova Scotia Supreme Court, with QuadrigaCX claiming that doesn’t have access to wallets containing some $137 million (U.S. dollars) in cryptocurrency. As such, it has claimed to be unable to repay more than 115,000 customers who are owed funds – and creditor protection is being sought to forestall any lawsuits while it attempts to find a solution. To…

BitTorrent Token Is Already Nearly 6 Times Its ICO Price

The price of BitTorrent Token (BTT) is closing in on six times the price of its initial coin offering (ICO), which occurred just one week ago. 59.8 billion BTT tokens were sold through Binance’s token sale platform on Jan. 28 at a price of $0.00012 per token, according to sale information provided by the exchange. Up nearly 40 percent today alone, BTT is now trading at a considerably higher price of $0.000798 – representing a 565 percent increase from its ICO price, Coinmarketcap data reveals. That sale sold out in…

BTC Transaction Volumes “Very Low”

Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see approach. Bitcoin Price Analysis Fundamentals There has been much debate around Bitcoin. Often, the discussion revolves around the ability of Bitcoin to perform as billed. That is to act as a peer to peer electronic…

Ripple’s Plan for China, Hiring A Country Manager

XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that end, they are hiring a Country Manager. The trajectory taken is indicative and a hint of future involvement in China. This is in line with our XRP/USD trade trajectory. XRP Price Analysis Fundamentals With each…