Month: April 2019

Crypto Market Approaching Next Break: Bitcoin Cash, Litecoin, EOS, XLM Analysis

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The total crypto market cap is currently placed nicely above the $162.5B and $164.0B supports. Litecoin (LTC) price is currently trading below $70.00, but it could recover in the short term. Bitcoin cash price declined below $250 and it remains at a risk of more losses. EOS price is under pressure and it could face sellers near $4.65 or $4.70 in the coming sessions. Stellar (XLM) price is likely to make an attempt to regain the $0.1000 pivot level. The crypto market cap is forming a breakout pattern, with range…

Ripple (XRP) Price Trading Near Key Inflection Point: Bear or Bottom?

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Ripple price managed to stay above the $0.2850 support area against the US dollar. The price is currently facing a strong resistance near the $0.2900 and $0.2910 levels. There is a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either recover above $0.2950 or start a fresh decline below the $0.2850 support. Ripple price is currently consolidating in a tight range against the US Dollar and bitcoin. XRP is likely to make the…

Ethereum (ETH) Price Forecast: Short Term Upside In Play

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ETH price seems to be forming a decent support near the $150 level against the US Dollar. The price corrected higher and traded above the $154 resistance level. There was a break above a connecting bearish trend line with resistance near $152 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further higher towards $160 if it settles above the 100 hourly simple moving average. Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH bulls could succeed in starting…

Want to Understand Bitfinex? Understand Mt. Gox  

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Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. Sina Nader was a professional money manager at Morgan Stanley as well as Credit Suisse and is now head of investor relations at Pactum. The views expressed are those of the authors and are not investment advice. “History doesn’t repeat itself, but it often rhymes” This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges.…

Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market

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By CCN: In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the blockchain to track every step of a product’s lifecycle and rewards consumers for verifying it through their mobile phones. Chinese Consumers Increasingly Willing to Pay a Premium for Authentic Imported Food In China, it is reportedly difficult to get authentic…

Aston Plaza | First Major Crypto-bought Real Estate on Hold

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A cryptocurrency venture under construction in Dubai has reportedly been put on hold. British Baroness and multi-million dollar crypto entrepreneur, Michelle Mone, had begun a real estate project called Aston Plaza, which broke ground in 2017. However, citing government inspectors to the site, the project has stopped at only 25% completion. Aston Plaza The $325 million project consisted of two complexes making up 1,300 luxury apartments. At least 150 of those were planned to be sold in Bitcoin. This was the first major development of this size to be available…

Crypto Adoption | Russia Testing and Finland Regulating

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The crypto world has continued to grow each passing day, and the industry is closer to global crypto adoption judging from the events and developments of the last week of April. Crypto Adoption: Russia Opens Four Regions The Russian Federation has indicated that it is opening four regions in the country to test cryptocurrency. This is a significant milestone towards crypto adoption around the world. The Federation will test crypto innovations in regions that are not under the purview of the current regulations. A bill drafted by the Economy Ministry of…

Billionaire Remains Bitcoin-Drunk Despite Crypto Firm’s Insane $272M Loss

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By CCN.com: According to a Bloomberg report, billionaire investor Mike Novogratz’s Galaxy Digital Holding Ltd. lost more than $272 million in 2018 amidst an intense crypto bear market. From January to December 2018, the valuation of the crypto market dropped from $813 billion to $113 billion by 86 percent as the bitcoin price crashed from its peak at $20,000 to $3,150. Although the valuation of the crypto market has slightly recovered in Q1, it remains down substantially in the past year (source: coinmarketcap.com) Since December, within a five-month span, the…

Bitcoin (BTC) Under Pressure, Reversing Apr-25 Losses Critical

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Bitcoin prices may slide below $5,000 To protect investors, an Indian government official suggests banning of cryptocurrencies An Indian official believes cryptos including Bitcoin are Ponzi schemes that the country’s regulator should ban. That is despite the acceptance in Japan and other governments taxing the asset like any other commodity. Even so, Bitcoin (BTC) is under pressure and risk dropping below $5,000. Bitcoin Price Analysis Fundamentals Well, after last week’s debate about BitFinex, USDT and the NY OAG suing iFinex, exchanges are yet to recover. There is a premium of…

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