Ethereum Price Analysis: ETH Remains In Strong Uptrend

ETH price is slowly moving higher and it remains well supported near $119 against the US Dollar. There is a major bullish trend line formed with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to find buyers near $119, $118 or $117 in the short term. Ethereum price is placed nicely in a bullish trend against the US Dollar and bitcoin. ETH/USD may continue to move higher towards $125 and $128 in the coming…

Coinbase Wallet Users Can Back Up Encrypted Keys on Google Drive and iCloud

Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud, according to an official announcement on Feb. 12. In the statement, Coinbase states that allowing users to upload their keys to a cloud provides a safeguard against lost keys, will will help them avoid losing funds should the keys be misplaced. The announcement notes: “The private keys generated and stored on your mobile device are the only way to access your funds on the blockchain. Owners of ‘user-controlled wallets’ like Coinbase Wallet sometimes lose…

QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold wallets since, as Cotten was solely responsible for the wallets and corresponding keys. The vast majority of Quadriga’s assets were reportedly lost in the missing cold wallets. In the beginning of February, it was reported that Quadriga is missing…

Blockchain Can Make Government ‘Incapable of Being Bribed’

The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain technology, in his opinion, will be the optimal solution. Byrne proposed “building government-as-a-service, a set of applications and companies that, between them, can bring blockchain to different services that governments provide,” which will eventually “make government superefficient, inexpensive and…

Fintech Startup to Use Oracle Blockchain Platform to Boost Payment Processes

Finance platform SDK.finance has partnered with Oracle to use the Oracle Blockchain Platform to improve payments processes and remove intermediaries. The partnership was announced in a press release published on Feb. 12. SDK.finance is a European-based fintech startup that offers a payment platform for banks and financial institutions. In 2015, the company was reportedly recognized as the best fintech startup by the Central European Startups Awards, while in 2018 it overcame other major industry players in terms of application programming interface (API) endpoints. By integrating the Oracle platform, SDK.finance reportedly…

Hybrid Summit 2019 in Hong Kong

Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year.  Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld Expo. Hybrid Summit 2019 Hong Kong blockchain week will kick off on March 4th and will conclude on the 8th. The week starts off with a sunset cocktail hour for VIP ticket holders only. On…

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space. Pension Plans The two pension plans are based in Virginia. They are ‘anchor investors’ in the new…

Ethereum Daily Mining Rewards Аre at Lowest Level Ever Reported

New Ethereum (ETH) being generated through mining is at its lowest rate ever, Etherscan data reveals on Feb. 11. According to Etherscan, on Feb. 10, 13,370 new ETH have been created, down from over 20 thousand in December 2018 and an all-time-high of over 39 thousand reported on July 30, 2015. The recent sharp decrease in the quantity of newly mined ETH was evidently caused by a sudden increase in Ethereum mining difficulty, which Etherscan data revealed on Feb. 10. As Cointelegraph reported in September last year, Ethereum’s core developers…

New Guidance to Implement Blockchain in Agriculture Finance Sector

The Chinese government has issued the “Guiding Opinions on Rural Service Revitalization of Financial Services,” according to an official announcement on Feb. 11. The new framework is part of a plan to improve the efficiency of financial services for the country’s rural revitalization program. The guidance will purportedly help promote the application of new technologies in the rural financial sector, such as blockchain, to “improve the identification, monitoring, early warning, and disposal levels of agricultural credit risks.” The Guiding Opinions were jointly issued by the People’s Bank of China, the…

XRP and Ripple Stand to Benefit if the World Bank and McKinsey Projections are True

Ripple prices are stable but bullish SendFriend receives $1.7 million from Ripple and three other companies Transactional volumes are unexpectedly low four days after Feb 8 expansions Despite Cory Johnson exiting the company, XRP is stable as Ripple invests in SendFriend. XRP prices stand to break above significant resistance levels. What we would like to see is first prices printing above 34 cents as bulls of Jan 30, and Feb 8 are confirmed. Ripple Price Analysis Fundamentals Let’s crunch in some numbers. In 2016, the World Bank estimated that workers…