Ethereum (ETH) Price Tumbles Back In Bearish Zone, Sell Rallies?

ETH price failed to stay above the $158 and the $160 support levels against the US Dollar. Tether drama sparked a strong declined below the $155 and $150 support levels. Yesterday’s highlighted key bearish trend line is intact with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair is back in a downtrend and sellers are likely to remain active near $155 or $160. Ethereum price tumbled below many key supports versus the US Dollar and bitcoin. ETH price even broke the $150 support…

Nike, Telegram, Facebook, and Everyone Else Suddenly Love Blockchain

By CCN: Nike is launching a blockchain product. Telegram is launching a blockchain. Samsung is reportedly planning to launch its own token platform; building with Ethereum for the S10 wasn’t enough. Facebook is getting into blockchain. Google still hasn’t done much with it, but JP Morgan now uses it. The list of major corporate names edging in on the crypto space is staggeringly long. Should we be excited or turned off? Big Deal or Nah? For one thing, the development of all these new tokenized platforms is a lot of…

With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period. According to its report, the firm has originated over $1.53 billion since its trading service was launched in March 2018. In addition, the company’s total active loans increased to $181 million, a 17 percent increase over Q4 2018. “We expect to see sustained growth in the lending market in Q2,” the report reads. “As crypto prices have rallied, we have seen an acceleration of crypto…

Nike to Launch Crypto Called Cryptokicks? Trademark Application Hints Yes

The crypto community has known for a while that Facebook might be issuing its own cryptocurrency. And now, it appears the online behemoth might have a little competition. Reports have surfaced that athletic apparel manufacturer Nike is thinking of doing the same. The Oregon-based company even has a name for its digital currency: cryptokicks. Nike Cryptokicks Coming Soon? On April 19, Nike filed a trademark application for ‘cryptokicks.’ The application said cryptokicks could be used by an online community. The application also describes an electronic marketplace for clothing and footwear.…

Is TD Ameritrade Working to Enter the Crypto Industry?

TD Ameritrade is a financial services company and provides a trading platform through which users can trade stocks, mutual funds, investments, and much more. TD Ameritrade has reportedly around 11 million users. TD Starting Crypto Trading? Rumors are circulating all over the internet that this company is already in testing phases of crypto trading in association with ErisX. ErisX is a Chicago-based company, and according to the rumors, it is developing and testing a beta version of crypto trading on TD Ameritrade’s online trading platform. However, this news is not…

SEC, CFTC Issue Investment Warning on Crypto Scams

Sensing a rise in crypto-related scams and fraudulent investment schemes, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space. The warning was published on April 24, 2019, by the SEC’s Office of Investor Education and Advocacy and the Office of Customer Education and Outreach at the CFTC. In the notice, the agencies described crypto-related investment scams in which perpetrators — disguised as cryptocurrency…

Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors. Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors. According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service…

Bitcoin (BTC) is King and Trustless, But is it Ready For $6,000?

Bitcoin (BTC) up 4.5 percent Altcoins are horrible, but Bitcoin is the only trustless project There is only one king in cryptocurrency, and that is Bitcoin (BTC). According to Tone Vays, altcoins—as history shows fail to weather the test of time, sinking expectations with it. Meanwhile, Bitcoin is firm, leading in valuation and dominance proving over and over again that it is a market leader. At spot rates, it is up 4.5 percent from last week’s close. Bitcoin Price Analysis Fundamentals While Bitcoin’s founder is still in the dark, applying…

Samsung Trials Plus Ethereum 2.0 Another Reason To Be ETH Bullish

Ethereum (ETH) bearish below $190 Samsung experimentation is a sign of confidence on the platform Start-ups, desirous of exploring blockchain, no longer need to start from scratch thanks to Ethereum. Samsung is the latest. Two months after announcing the support of Ethereum (ETH) in their S10 Galaxy phones, sources reveal that the electronics giant may soon launch their blockchain and perhaps issue their token. Ethereum Price Analysis Fundamentals With Ethereum there is no need for start-ups to start from scratch. That’s regardless of whether they plan to compete with the…

Ripple (XRP) Finally Bouncing Off Q1 2019 Lows, Will Bulls Prevail?

Ripple (XRP) recover after Apr-24 hammering Bitstamp reminds users of Ripple’s decentralization strategy Critics claim Ripple (XRP) is nothing more than an “airdrop” whose absence wouldn’t affect operations. However, XRP proves to be useful for speed, and after Cobalt, firms using xRapid will enjoy settlement times of one second. Price wise and XRP bulls are back, shoring the asset after Apr-24 drawdown. Ripple Price Analysis Fundamentals Much has been said about Ripple Inc, XRP and Ripple Labs, the separate and independent firm behind XRP. Of the many, decentralization stands out.…