Ethereum Price Analysis: ETH Tumbles, $100 Support At Risk

ETH price declined sharply and broke the $105 support area against the US Dollar. There was a break below a major bullish trend line with support at $105 on the hourly chart of ETH/USD (data feed via Kraken). The pair dived towards the $100 support area and it is currently consolidating losses. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is now at a risk of more losses below the $100 and $958 support levels in the near term. Ethereum Price Analysis After multiple rejections near the…

EU and European Free Trade Association customers can now withdraw to their PayPal accounts

Last year we announced support for PayPal in the U.S., and today we’re expanding that support for PayPal withdrawals to all E.U. customers and customers in European Free Trade Association countries (Iceland, Liechtenstein, Norway, and Switzerland). We strive to make Coinbase the safest and easiest place to use cryptocurrency — offering convenient withdrawal options like PayPal is another big step towards that goal. Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to…

Announcing Bitcoin (BTC) Support on Coinbase Wallet

Starting today, you can now store your Bitcoin (BTC) directly in the Coinbase Wallet app. Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction. The new Wallet update with Bitcoin support will roll out to all users on iOS and Android over the next week. Bitcoin support is activated by default — all you need to…

Kraken Advances U.K. Expansion With the Acquisition of Futures Platform

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities. Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.” Kraken reports that it paid “nine figures” for Crypto Facilities, a company that…

Court Grants QuadrigaCX Bankruptcy Protection

Today, February 5, 2019, a court in Nova Scotia, Canada, granted bankruptcy protection under the Companies’ Creditors Arrangement Act (CCAA) to the embattled Vancouver-based cryptocurrency exchange QuadrigaCX. The court appointed Ernst & Young as monitors to help the exchange locate any funds it could use to reimburse users and ordered a 30-day stay of proceedings. The exchange initially made the news on January 14, 2019, when the company announced its CEO Gerald Cotten had died in India on December 9, 2018, from complications from Crohn’s disease. News website CoinDesk obtained…

Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.

According to a recent report, Joel Ortiz, the 20-year-old student from Boston who was indicted by prosecutors in Santa Clara, California, has been sentenced to 10 years in prison in what is believed to be the very first SIM swapping conviction in the United States. Ortiz was charged last year on 28 counts involving various computer-related violations and crimes concerning information law. Ortiz took control of the identities of over 20 people, stealing a total of $5 million in cryptocurrencies with his SIM swapping technique. He pleaded guilty and accepted…

Lightning Torch’s Bitcoin Payment Is Running a Worldwide Marathon

A lightning network payment has been making global rounds on Bitcoin’s secondary layer. The payment, slowly accumulating in value with each passing, is 2.8 ($96) million satoshis strong and still going. Dubbed the Lightning Torch, the payment has changed hands nearly 150 times across 39 countries. Traditionally, participants announce their ownership over Twitter to seek out the next recipient. Hopeful torch bearers respond to the tweets with a lightning network invoice, and after choosing a user to trust, the current holder adds a discretionary amount to the payment’s sum and…

Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed, and privacy.” According to its website, the company says that it is excited to be “moving onto something new.” Assumedly this is its new venture with Facebook. Facebook Acquires Chainspace? Facebook has confirmed that it…

Stock Market Sees Significant Growth, While Bitcoin Keeps Stability Over Past 7 Days

Monday, Feb. 4 — crypto markets have continued trading sideways over the past 24 hours, while Bitcoin (BTC) has been reasonably stable over the past 7 days, according to data from CoinMarketCap. Market visualization from Coin360 The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470 as of press time. However, following some slight losses on the week, Bitcoin is holding its weekly momentum, reporting 0.26 growth over the past 7 days at press time. With that, Bitcoin is down significantly…

Crypto Bank Seba Partners With Mortgage Bank Hypothekarbank

Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system, Finstar, Cointelegraph auf Deutsch reports on Jan. 31. The partnership will allow for the implementation of Seba’s decentralized software into Finstar, as well as allowing Seba to use Finstar’s conventional services.  Additionally, Seba will be able to use Finstar to process and store transactions made with cryptocurrencies and other blockchain-based products. The project is set to be completed in Q2 of 2019, a Jan. 31 press release…