Ethereum Price Analysis: ETH Recovery Facing Significant Resistance

ETH price traded lower and broke the recent swing low to form near low near $126 against the US Dollar. The price bounced back sharply above the $130 resistance after trading to a new weekly low. There is a significant bearish trend line in place with resistance at $137 on the hourly chart of ETH/USD (data feed via Kraken). The pair is still facing many strong hurdles near the $137, $138 and $141 resistance levels. Ethereum price declined further and later recovered against the US Dollar and bitcoin. However, ETH/USD…

‘We’ve Seen Massive Value Creation’

Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26. When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered: “I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.” Apple’s co-founder then argued that…

New Ecosystem Says It Allows Sending and Receiving Crypto or Fiat With No Fees

An upcoming crypto ecosystem has bold ambitions to offer “a much smoother way of moving fiat and cryptocurrency over the internet,” enabling people to pay in the fiat or crypto of their choice — whatever the requested currency — without fees. YPTOspace says it plans to develop a “first-of-its-kind platform that connects blockchain assets to real-world payment platforms,” all with the goal to become a one-stop-shop for payments and transactions for consumers and businesses. The startup argues that the current landscape is a “miserable experience” for consumers and impractical for…

National University of Singapore and Chinese Tech Firm to Research Blockchain: Report

The National University of Singapore (NUS) will work with a Chinese tech company to research and develop blockchain solutions, the Communist Party of China’s official news outlet, People’s Daily Online, reported on Feb. 26. As part of a blockchain and big data seminar held in the city of Chongqing in Sichuan Province, NUS will collaborate with local business Chongqing Jinwowo Technologies (CJT) on innovations that also include big data and artificial intelligence (AI). “This strategic cooperation will work within big data, artificial intelligence, blockchain technology, etc,” People’s Daily quotes professor…

Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies

Digital payments firm Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies, according to an official press release on Feb. 27. From now, Wirex users in the European Economic Area (EEA) can access “unconditional access” to over-the-counter rates for cryptocurrency exchanges, as well as interbank rates for traditional currency exchanges. The press release clarifies that the update also brings these new features to residents of the Asia-Pacific region and Canada, letting said users operate their Wirex accounts in their local fiat currency for the first…

Pangea Blockchain Fund Debuts With $22 Million Round Supported by Roger Ver

Pangea Blockchain Fund has debuted its blockchain fund, securing $22 million with key investors including Bitcoin.com CEO Roger Ver, according to a press release on Feb. 27. Switzerland-based Pangea Blockchain Fund is targeting the development of transformative blockchain-driven solutions and expects the total fundraising to be capped at $200 million. The recent seed round was also participated in by Copernicus Asset Management, a financial services group based in Lugano, Switzerland. The company is licensed as a Swiss Authorized Asset Manager and also acts as an investment manager for Pangea’s fund.…

Bitcoin Approaches $3,900 as Crypto Markets Stabilize, Stock Market Slightly Down

Wednesday, Feb. 27 — most of the top 20 cryptocurrencies are reporting very slight gains and losses on the day by press time. Bitcoin (BTC) is approaching the $3,900 mark again, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up less than half a percent on the day, trading at around $3,859, according to CoinMarketCap. Looking at its weekly chart, the current price is over three percent lower than $3,971, the price of BTC one week ago, and nearly 9 percent lower than $4,209, the mid-week…

Crypto Exchange Huobi Adds Support for Ethereum-Based Tether

Huobi Global crypto exchange has launched support for the Ethereum (ETH) blockchain-based version of USD-pegged stablecoin, Tether (USDT), according to a press release published on Feb. 27. Starting today, Huobi will offer deposit and withdrawal services for major stablecoin Tether in both its original Bitcoin (BTC)-based Omni Layer Protocol and its more recently launched ERC-20 token form, which is built on the Ethereum blockchain. Launched in 2014, Tether aims to allow users to trade and transact traditional fiat currencies on the blockchain. Tether has two tokens, USDT and EURT, purportedly…

Ex-PayPal COO Hails Bitcoin ‘Acceleration’ as He Joins Lightning Torch Relay

LinkedIn co-founder and former PayPal COO Reid Hoffman has become the latest participant in the Lightning Torch Bitcoin (BTC) transaction relay, Blockstream CEO Adam Back confirmed on social media on Feb. 26. Reid, whom Back appeared to choose due to his lead investment role in Blockstream, is the 224th person to “hold” the Torch, which began its journey around the Bitcoin community in mid-January. Each participant sends an invoice for the transaction via the Lightning Network, adding 10,000 satoshis to the balance before sending it forward. Twitter has become the…

ShapeShift Presents Six-Episode Show Dedicated to Crypto Enthusiasts

Switzerland-based crypto exchange ShapeShift announced the launch of a six-episode show, dubbed “Down the Rabbit Hole,” which is dedicated to crypto enthusiasts. The exchange posted a trailer for the film on its Twitter page on Feb. 26. Company’s official Twitter account, @ShapeShift_io, has posted six previews with a brief summary of each episode. The first one, “The Technologist,” is dedicated to Zooko Wilcox, CEO of Zcash. The entrepreneur talks about his path in crypto, the privacy issues and the advantages of cryptography. “The Humanitarian” interviews Nyla Rodgers, CEO & Founder…