Ethereum Price Analysis: ETH Primed To Break $150 and $155

ETH price remained well supported above the $138 and $140 levels against the US Dollar. The price recovered, but it struggled to break the $148 and $149 resistance levels. There is a new connecting bullish trend line forming with support at $143 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid and it is likely to break the $148 and $150 resistance levels in the near term. Ethereum price is trading nicely in a positive zone against the US Dollar and bitcoin. ETH/USD will…

Major Cryptocurrencies See Green While US Crude Futures Hit New High for 2019

Wednesday, Feb. 20 —  cryptocurrency markets are turning around for the green after trading sideways at the beginning of the day. Almost all top 20 coins are seeing minor gains, according to data from CoinMarketCap. Market visualization from Coin360 Earlier today, Bitcoin (BTC) broke the $4,000 threshold, reaching the $4,010 mark. However, at press time the leading cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours. On its weekly chart, BTC saw its lowest price point of around $3,618 on…

Mark Zuckerberg Considers Blockchain Authorization of Data in Recent Interview

Facebook CEO and founder Mark Zuckerberg considered the ramifications of blockchain-based authorization of user data during an interview with Harvard Law professor Jonathan Zittrain on Feb. 20. During a discussion covering such topics as the future of technology and society, Zuckerberg noted that he “think[s] about the work we [Facebook] are a decentralizing force in the world.” Zuckerberg said that people of his generation got into technology because “it gives individuals power, and is not massively centralizing.” Zuckerberg mentioned that he was considering a potential blockchain use case by which…

Bank of China Joins New Blockchain Platform for Property Buyers

Property development firm New World Development and the Hong Kong Applied Science and Technology Research Institute (ASTRI) will jointly launch a blockchain platform for home buyers with the Bank of China reportedly being the first bank user. The news was announced by local news outlet the Standard on Feb. 20. The platform reportedly aims to replace paperwork operations — such as signing the Provisional Sale and Purchase Agreement or a mortgage application — with digital authorization. This will supposedly allow users to send the purchaser’s authorized, encrypted and digitally signed…

Central Bank of Lithuania Issues Updated Position on Virtual Assets and ICOs

The Bank of Lithuania has updated its position on virtual assets and initial coin offerings (ICOs), according to an announcement published on Feb. 14. The Bank of Lithuania initially issued a document detailing its position towards ICOs and digital currency in October, 2017, defining how and when virtual assets may be used for payment. The document also specified how and on what terms financial market participants (FMP) may establish investment funds for investment in virtual assets. The recent document reveals that the bank has not made changes to its underlying…

New Samsung Galaxy S10 Includes Cryptocurrency Key Storage

The new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys, according to an official press release on Feb. 20. Samsung announced the launch of its new phone today in Seoul, San Francisco and London, which includes the Samsung Knox function. Per the press release: “Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.” Ahead of the S10’s release, rumors abounded regarding the phone’s possible configuration and support for cryptocurrency…

Crypto Investment Services Firm BitGo to Add Support for TRON

Institutional-grade cryptocurrency investment services firm BitGo will provide wallet and custody support for cryptocurrency Tron (TRX), according to a press release shared with Cointelegraph on Feb. 20. Per the release, BitGo will add support for TRX later this year, making it available for institutional investors. TRX thus joins over 100 other digital currencies already supported by BitGo. BitGo is reportedly the world’s largest processor of on-chain Bitcoin (BTC) transactions, processing 15 percent of all global Bitcoin transactions and $15 billion of cryptocurrencies per month. The company’s wallet service has more…

Crypto News | Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News:…

Spanish Mining Startup to Return $68 Million Raised During ICO

Spanish cryptocurrency mining startup CryptoSolarTech will return $68 million raised during its initial coin offering (ICO). A screenshot of an official letter sent to investors was posted on Twitter Wednesday, Feb. 20 by Spanish IT lawyer Sergio Carrasco. CryptoSolarTech apparently aimed to build a crypto mining facility powered by solar energy in Southern Spain, but failed to get a building permit. Citing reasons beyond their control, the founders of the project promised to return funds within 60 days. The startup also claimed that it is not responsible for any of…

Hardware Wallet Doesn’t Store Private Keys to Surpass Cold Storage

A payments technology company has created a hardware wallet that addresses the “flawed approach” used for cold storage — and eliminates the physical storage of private keys. Instead of storing private keys on a device — a “potential security problem” — Bitfi says it has developed technology that does not store any data or private keys. Instead, the company’s hardware uses a deterministic algorithm to calculate the private key at the moment of a transaction. This means that the private key comes into existence for a fraction of a second…