Summary: Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand. We have yet to see a strong test of the overhanging liquidity zone in the $5,700 to $6,000 range so, it seems logical to see a test of that region before any meaningful, macro pullback takes place.…
Day: April 16, 2019
Will Cardano (ADA) Rally Above 9.5 Cents? Fireworks After Goguen
Cardano (ADA) retesting middle BB Charles Hoskinson confirms that Goguen is independent of Shelly Goguen is Cardano’s development phase which tags along smart contracting. It will be independent, and despite delays in Shelly, developers can deploy it as Cardano edge closer to launch. Whether that will help lift prices, we don’t know, but so far Cardano (ADA) may drop to 6 cents. Cardano Price Analysis Fundamentals Charles Hoskinson, the leader of Cardano’s technical/quality team and the person behind the architecture of the smart contracting platform, is indeed a visionary. He…
Ripple (XRP) Conquering Asia, But Why the Divergence With Price?
Ripple (XRP) support at 30 cents Standard Charter expanding to Asia Adoption means day-to-day settlement using XRP and CoinBase is experimenting with Litecoin, BTC, and ETH after partnering with Visa. With time they may add Ripple (XRP) but at the moment Standard Charter, a partner with Ripple, is extending their services to Asia to meet increasing demand. Ripple Price Analysis Fundamentals Fact is, for the space to flourish, there must be an avenue allowing not only investment but expenditure of digital assets. Ripple (XRP) may the third most liquid meaning…
One of World’s Biggest Travel Companies is Now Accepting Bitcoin
Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Corporate Traveller, a division of Flight Centre Travel Group, one of the largest travel companies in the world headquartered in Australia, has begun to accept payments using cryptocurrencies like bitcoin.…
eToro Launches Full Crypto Exchange and 8 Custom Stablecoins
The blockchain subsidiary of social investing platform eToro has launched a cryptocurrency exchange along with eight branded stablecoins. The new platform is being managed by eToroX, which is regulated by the Gibraltar Financial Services Commission, the firm announced Tuesday. Trading in six cryptocurrencies will be offered at launch: bitcoin (BTC), bitcoin cash (BCH), ether (ETH), XRP, litecoin (LTC) and dash. Also available will be 37 crypto-to-fiat pairs, for example BTC/USD and XRP/GBP. The firm is additionally issuing eToro-branded tokens pegged to eight fiat currencies, including the eToro United States dollar (USDEX),…
KuCoin Exchange Traders Can Now Self-Custody Their Crypto Assets
Cryptocurrency exchange KuCoin has launched a feature allowing users to custody their own crypto assets while trading. For the feature, KuCoin has integrated a new technology from Boston-based startup Arwen, which allows traders to maintain control of their private keys while trading on centralized exchanges, Arwen announced Tuesday. KuCoin president Eric Don confirmed the news, telling CoinDesk: “This service will enable investors to trade in a centralized platform without worrying about their fund safety.” Arwen said that, with its technology, trades are executed via a “layer two” blockchain protocol that…
This Price Hurdle May Pave Way for Bitcoin’s Next Leg Up
View Bitcoin’s rally from April 2 lows below $4,200 has stalled near the three-day chart’s 100-candle moving average (MA), currently at $5,238. A three-day close (UTC) above that MA level could invite buying pressure, leading to a sustained move higher toward $5,500 and more. That bullish close, however, looks unlikely in the short-term, as the cryptocurrency has created a bearish candle on the daily chart, validating signs of bull exhaustion (doji candle) on the weekly chart. A UTC close below $4,948 today would add credence to yesterday’s bearish candle, opening…
Bitcoin Price Prediction: BTC Bulls Waiting On Sidelines To Go Big
Bitcoin price struggled to break the $5,190-5,200 resistance area and declined against the US Dollar. The price revisited the $4,940 support area and recently rebounded above $5,000. There is a crucial bearish trend line forming with resistance at $5,110 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle in the short term, but bulls remain in control above $4,900. Bitcoin price is showing a few signs of weakness against the US Dollar. However, BTC bulls are likely to protect dips near the $4,940…
Why Coinbase’s Move Into Proof-of-Stake Matters
Is Coinbase going to solve the thorny challenges of proof-of-stake (PoS) blockchain governance or centralize those systems even further? That’s the question experts in the space are pondering with the recent announcement that Coinbase Custody will offer staking support for Maker, Tezos and Cosmos. The move means institutional investors will be able to vote on blockchain governance matters directly through their Coinbase accounts. “We’re hoping to bring online, frankly, the majority of institutional investors,” Coinbase Custody CEO Sam McIngvale told CoinDesk. “We’re growing these three assets under custody and hoping…