Ethereum Price Analysis: ETH Could Extend Consolidation Above $114

ETH price remained in a range and consolidated above the $114 and $116 supports against the US Dollar. There was a break below a short term contracting triangle with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to consolidate and it could even test the $114 support area in the near term. Ethereum price is showing signs of extended consolidation against the US Dollar and bitcoin. ETH/USD could decline towards the $114 support before the next upward move. Ethereum Price Analysis…

IBM Launches Blockchain Platform on Cloud Service in Melbourne

IBM has released its blockchain main net out of its data center located in Melbourne, Australia. This will purportedly allow their customers to run their applications on the company’s cloud, according to an article published on news outlet ZDNet on Feb 11. The IBM platform was built on Hyperledger Fabric. Hyperledger is a project that aims to improve cross-industry blockchain technologies that is hosted by the Linux Foundation. A Sydney-based IBM data center is reportedly set to open at the end of March, joining the other centers in Tokyo, London,…

Report: Bitcoin Transaction Fees Fall to 2014 Levels

Bitcoin (BTC) transaction fees are at new lows, according to a new report published by crypto and blockchain research firm Diar on Feb. 11. While BTC transactions struck a one-year high in January, almost reaching the levels registered in 2017, the median transactions value in BTC have reportedly dropped. BTC median fees have reportedly decreased to 2014 levels: “Median Fees are also at levels not seen since 2015 despite the total monthly Bitcoins moved on-chain standing at higher levels than seen throughout most of 2018.” Last month, Diar reported that…

‘Eventually We Will See a Bitcoin ETF’

А Bitcoin (BTC) exchange-traded fund (ETF) will eventually come to market according to Ric Edelman, founder of advisory firm Edelman Financial Engines in an interview with CNBC on Feb. 11. Edelman stated that a Bitcoin ETF is “virtually certain,” while “the only question is when,” adding: “The [Securities and Exchange Commission] SEC has several legitimate thoughtful concerns that the industry has to overcome but I’m confident they will. Eventually we will see a Bitcoin ETF and it’s at that stage that I will be much more comfortable recommending that ordinary…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bakkt recently completed its first acquisition of certain assets of futures commission merchant Rosenthal Collins Group (RCG). The much-awaited digital asset platform is expected to launch later in the year, according to Jeff Sprecher, CEO of the Intercontinental Exchange (ICE). Many expect institutional participation…

Crypto Bear Market Affecting Venture Capital Valuations

Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, says Jalak Jobanputra, founding partner of Future Perfect Ventures, in an interview with Fortunes’ Balancing the Ledger on Feb. 11. Founded in 2014 in New York, Future Perfect Ventures is a venture capital firm, focusing on early stage investments primarily in technology companies, including blockchain, machine learning, and data analytics. When asked whether there is a trend of discounted venture evaluations across the digital currency space, Jobanputra said that “given how much the volumes have decreased in…

Bitfury’s New Partnership to Build Blockchain-Based Medical Imaging Platform

Blockchain tech company Bitfury is partnering with radiology blockchain marketplace Medical Diagnostic Web (MDW) to create a blockchain-based medical imaging ecosystem. The partnership was announced by the Bitfury Group in a blog post on Feb. 11. Established in 2011, the Bitfury Group operates as a software manufacturer and provider of security and infrastructure for the Bitcoin (BTC) blockchain. The company raised $500 million in revenue in 2018. MDW is a radiology blockchain platform that allows radiologists to contact with imaging facilities and share patient data and medical images. Within the…

Venezuela Imposes Fees and Limits on Local Crypto Remittances

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the sending and receiving of cryptocurrencies. The new legislation will reportedly be applied both to individuals and legal entities. According to the new requirements, the state has set out monthly limits and commissions, payable to SUNACRIP, on cryptocurrency remittances. The…

New Proposed ETF Would Encompass Bitcoin Futures Alongside Sovereign Debt Instruments

Reality Shares ETF Trust — a unit of crypto-focused fintech firm Blockforce Capital — has filed a proposal for an exchange-traded-fund (ETF) that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin (BTC) futures.The ETF filing was submitted to the United States Securities and Exchange Commission (SEC) Feb 11. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential ‘holy grail’ that would herald the widespread adoption of cryptocurrencies as a regulated and…

Jack Dorsey Says Cash App Support for Lightning Network a Question of ‘When, Not If’

Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder of Lightning Labs, on the Stephen Livera podcast Feb. 11. The Lightning Network (LN) is a second-layer solution to Bitcoin’s scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain. In response to…