Ethereum Price Analysis: ETH Could Turn Bearish Again Below $134

ETH price failed to break the $139 and $140 resistance levels against the US Dollar. The price started a downside move, with an increase in selling pressure below the $138 level. Yesterday’s highlighted ascending channel with support at $137 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if sellers manage to push the price below the $134 support level. Ethereum price is struggling to hold recent gains against the US Dollar and bitcoin. ETH/USD is now at a risk of a…

Crypto Skeptic Massachusetts Secretary Creates Fintech Advisory Group

The office of the Secretary of the Commonwealth of Massachusetts, which oversees the state’s securities regulator, has reportedly formed a fintech advisory group, banking trade publication American Banker reports on March 7. The office of Secretary William Gavin has reportedly formed a group comprising representatives from Eastern Bank in Boston, a blockchain firm called Arwen, academics and legal experts, and other firms. The group will focus on developments in the fintech industry, including digital currencies. Gavin said: “This working group includes key players from a broad spectrum of the fintech…

OKEx Lists Tron on Customer-to-Customer Trading Platform

Malta-based cryptocurrency exchange OKEx has began listing Tron (TRX) on its customer-to-customer (C2C) trading market, according to a press release shared with Cointelegraph on March 7. OKEx’s decentralized C2C trading platform enables users to trade digital assets directly with each other, much like a peer-to-peer (p2p) model. On the platform, users are able to place orders with self-selected exchange rates and payment methods including cryptocurrencies and fiat currencies such as British pounds, Chinese renminbi, Vietnamese dong, Russian rubles and Thai baht. Following the listing, the exchange will launch several promotional…

‘Arrogant’ Bitcoin Fans are ‘Totally Clueless’, Rants Crypto-Hating Roubini

Bitcoin is an “exponential, parabolic bubble,” and bitcoin investors are “arrogant, ignorant, clueless” zealots and fanatics. That’s the opinion of avowed crypto-hater Nouriel Roubini, an economics professor at New York University. Roubini made the remarks in an interview with the CFA Institute, where he again trashed cryptocurrencies as worthless and its proponents as mouth-breathing morons. Bitcoiners are Ignorant ‘Zealots and Fanatics’ Roubini says he doesn’t understand how bitcoin enthusiasts can be so clueless and gullible because it’s obvious to him that the entire industry is a massive scam. “I engage…

French Financial Regulator Proposes Ban on Anonymous Cryptocurrencies

The head of the Finance Committee of France’s National Assembly, Eric Woerth, is suggesting a ban on anonymous cryptocurrencies, or so-called privacy coins. Woerth expressed his position in a recent report on crypto assets and blockchain technology. In a forward to the report, Woerth considers the introduction of a ban on digital currencies that provide greater anonymity to users, stating: “It would also have been appropriate to propose a ban on the dissemination and trade in [cryptocurrencies built] to ensure complete anonymity by preventing any identification procedure by design. […]…

Ruling Russian Political Party Launches Blockchain-Based E-Voting

The ruling party of the Russian Federation, United Russia, has launched a blockchain-based platform for electronic voting, local news agency TASS reported on March 6. United Russia has reportedly launched an updated website for its primaries with the added function of e-voting. The party’s head of IT projects Vyacheslav Sateyev said that the vote counting process will be implemented using blockchain technology. He also stated: “Candidates will be able to fill in their personal pages on this site, including posting news, videos, photos, distributing their pages. The personal account is…

Crypto Spring Blooms? Bitcoin Transactions Hit Highest Level in a Year

Positive news has been stretched thin during the “Crypto Winter,” but there are now genuine signs that the ice is beginning to thaw. With Bitcoin showing remarkable resiliency and price stability in a world that wants to write it off, there are many fundamentals to which believers in the world’s largest cryptocurrency like to pay attention. One of these metrics just went through the roof. The SFOX Crypto Volatility Report: February 2019 was released today, and in this report, analysts try to gauge the health of crypto markets by looking…

Kraken Expands Its Team With Five New High Level Hires

United States-based cryptocurrency exchange Kraken is expanding its team with new high level hires, according to the company’s blog post published on March 7. In the post, Kraken announced five new appointments to its team. The new appointments will see Matt Mason as Chief Marketing Officer, Steve Hunt as Vice-President of Engineering, Nelson Minier as Head of OTC Sales and Trading, Bob Zagotta as Head of Business Operations and Strategy, and Mary Beth Buchanan as General Counsel. Prior to joining Kraken, Mason was employed by Sony Pictures as Studio Head…

Fidelity Digital Assets | Taking Its Time Evaluating Ethereum Support

Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum. Fidelity Digital Assets The platform currently has support for Bitcoin and is still evaluating what cryptocurrencies may be added in the future. Where Ethereum is concerned, the executive has expressed that the company is biding time: “We’d love to have support [for] ether but you know…

Thai Petroleum Company Tests Blockchain Energy Trading Platform

Thai petroleum refining firm Bangchak Corporation Public Co. Limited (BCP) is testing a blockchain-based energy trading platform and commercial microgrid, distributed energy news site Microgrid Knowledge reports on March 7. BCP is testing the new platform at a shopping mall attached to one of its fuel stations in Bangkok. The new system will purportedly combine 280.9 kW of commercial rooftop and canopy solar photovoltaics with 913 kWh of lithium-ion, nickel-manganese-cobalt oxide and 92 kWh of lithium-iron-phosphate battery energy storage capacity. In other words, the microgrid generation and distribution platform will…