Ethereum Price Analysis: ETH Signaling Bullish Continuation Above $140

ETH price corrected a few points, but dips remained supported above the $134 level against the US Dollar. The price is slowly grinding higher towards the $139-140 resistance area and it is likely to surpass it. There is an ascending channel in place with support at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher towards $145 as long as it is above the $134 support area. Ethereum price is trading with a bullish bias against the US Dollar and bitcoin.…

Canada Revenue Agency Auditing Crypto Investors

The Canada Revenue Agency (CRA), the government’s tax collection service, is reportedly auditing investors in cryptocurrencies like Bitcoin (BTC), Forbes reports on March 6. Citing sources close to the matter, Forbes states that the CRA has sent extensive questionnaires to investors pertaining to their crypto-related activities in recent years. The questionnaires reportedly run 14 pages long with 54 questions and multiple sub-questions. The CRA told Forbes: “In order to protect the integrity of our risk assessment systems, we cannot comment on the specific information or criteria we use to select…

Twitter CEO Jack Dorsey Alludes to Spending $10,000 a Week on Bitcoin

Twitter and Square CEO Jack Dorsey alluded to spending $10,000 per week on Bitcoin (BTC) on the podcast Tales from the Crypt on March 4. On the podcast, Dorsey spoke on how he came to experiment with Bitcoin and what parallels he sees between Bitcoin and Twitter. Speaking about the “Stacking Sat Saturday” —  a trend where users buy $25 in BTC every week to show the growing adoption of cryptocurrencies — Dorsey said that “[he] saw that [Stacking Sat Saturday] on Twitter […] I would have participated but I…

Global Blockchain Spending to Reach $2.9 Billion in 2019

Global spending on blockchain solutions will reach $2.9 billion in 2019, according to a recent report from advisory services firm International Data Corporation (IDC) published on March. 4. The report dubbed “Worldwide Semiannual Blockchain Spending Guide” was prepared by market intelligence and advisory firm IDC. The report analyzes the emerging blockchain market evaluating spending data for 10 technologies across 19 industries and 15 use cases in nine geographic regions. The report forecasts that blockchain spending will be nearly $2.9 billion in 2019, up by 88.7 percent from the $1.5 billion…

Russian Human Rights Commissioner Seeks UN Help to Extradite Alexander Vinnik

Russia’s Commissioner for Human Rights has asked the United Nations High Commissioner for Human Rights to help extradite the former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, from Greece to Russia. The news was reported by Russian news outlet TASS on March 5. At a meeting between commissioners Tatyana Moskalkova and Michelle Bachelet on March 5, Moskalkova reportedly noted that Vinnik has been in critical condition because of the hunger strike he started in November, 2018. Moskalkova also pointed out that Vinnik’s wife is seriously ill and is on…

Crypto News | Huobi Adds XRP and IBM Releases X-Force Red

Crypto news has been fairly slow this week, minus a few major announcements. Huobi Global just announced support for XRP. Another piece of news that should excite investors is IBM releasing its new X-Force Red. Huobi Adds XRP to OTC Trading Desk #Huobi OTC #announcement is now here!$XRP @Ripple will launch on #Huobi #OTC at 10:00 6 March.Details here: https://t.co/BsBc3KEN37 @bgarlinghouse #Ripple pic.twitter.com/cpCZjG0Cmv — HuobiGlobal (@HuobiGlobal) March 5, 2019 Yesterday, Huobi released word that XRP would launch on its OTC platform today, making this the biggest piece of crypto news…

Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows

Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $13.5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. The hard numbers of the acquisition were previously unknown. The document leak comes after a week of turbulent developments following the February 19 acquisition. Community members, namely Block Digest podcast member Janine, began to raise ethical concerns stemming from the company’s shared past with Hacking Team, an Italian, man-in-the-middle software provider whose malware and spyware has been linked to…

Blockchain-Based Journalism Platform Civil Launches

Blockchain-based journalism network Civil has announced its launch in an official blog post on March 1. Civil is a platform for independent journalism that aims to develop an alternative model to support journalism. The project’s ecosystem has its native CVL token —  the amount of which will be limited to 100 million — that purports to provide financial sustainability and improve trust in journalism. Starting March 6, users will purportedly be able to purchase Civil membership, including CVL which will represent members’ voting power within the Civil ecosystem. “Thirty-four million…

Ethereum Foundation Funds Columbia, Yale Researchers’ Work on Smart Contract Language

The Ethereum Foundation has awarded a grant to researchers at Columbia and Yale universities for the compilation of a new smart contract programming language into the Ethereum Virtual Machine (EVM). The development was announced in a press release shared with Cointelegraph on March 6. The beneficiary of the grant is a smart contract R&D project called DeepSea, spearheaded by Professor Ronghui Gu, an assistant professor of computer science at Columbia, in collaboration with researchers at Yale. Gu is also the co-founder of blockchain security firm CertiK, which is also one…

Deutsche Boerse, Commerzbank Complete Blockchain PoC for Legally Binding Repo Transaction

German financial services company Commerzbank and securities marketplace Deutsche Boerse have completed a proof-of-concept (PoC) for a legally binding repo transaction using distributed ledger technology (DLT). The news was reported by Cointelegraph auf Deutsch on March 6. A repo transaction is commonly used for short-term borrowing, and allows dealers to sell securities to investors — often for as short a time as overnight —  and repurchase them the following day, or as otherwise determined. For the party selling the security, the process is termed a repo, whereas for the counterparty,…