Ethereum (ETH) Price Holding Support But Facing Many Hurdles

ETH price failed to break the $322 resistance area and declined again against the US Dollar. The price broke the $310 support area and even tested the $290 support level. There was a break below a major ascending channel with support near $303 on the hourly chart of ETH/USD (data feed via Kraken). Similarly, there were losses noted in bitcoin, ripple, BCH, EOS and a few others. Ethereum price struggled to remain above the $310 and $315 levels versus the US Dollar, and declined vs bitcoin. ETH price is currently…

Cryptocurrency Mobile App Downloads Stall Amid Price Surge: Report

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28 Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%.  This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s…

Quantum Computing Vs. Blockchain: Impact on Cryptography

The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. Should a paradigmatic shift in computing occur, contemporary blockchain-based systems may become vulnerable to threats not accounted for in their design. But how urgent is the threat of this happening any time soon? The strides that physicists have been making for the last three decades toward building an operational quantum…

Top-10 Industries Being Transformed by Blockchain

After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology. Food The opaque nature of global supply chains poses a significant challenge to efforts to ensure that the commodities, labor and inputs required to produce goods are from…

Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

Binance Coin (BNB) down 12.1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out.  Talks are in a preliminary stage. Meanwhile, BNB is down 12.1 percent from last week’s close. Binance Coin Price Analysis Fundamentals It may be the largest exchange by trading volumes, but that title is under threat. With the SEC firm on their interpretation of what a security is, the exit…

The Bitcoin (BTC) Trade-off, Price Could Tumble To $9,500

Bitcoin (BTC) down 6.8 percent Systemically stable, BTC prices will continue to fluctuate thanks to Nakamoto trade-off Price fluctuation is synonymous with Bitcoin. Drastic rise and falls of the tail end of this week differentiated the world’s most valuable asset from fiat. All the same, it is gradually morphing into a store of value and a settlement layer making it invaluable.  Even so, prices are susceptible and could slide to $9,500 or lower in days ahead. Bitcoin Price Analysis Fundamentals Cryptocurrencies and Bitcoin, in particular, are counter products of the…

Bitcoin Rebounds Nicely, BTC Bulls Sighting Next Crucial Break

After a nasty upward move, bitcoin price corrected below $12,000 against the US Dollar. The price towards the $10,400 support and recently started a fresh increase above $11,500. There is a major contracting triangle forming with resistance near $12,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break to the upside above the $12,400, $12,500 and $12,800 resistance levels. Bitcoin price is showing a lot of positive signs above $11,600 against the US Dollar. BTC could continue to gain momentum once…

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

A Partner at Binance Labs Expresses Optimism Over Facebook’s Entry Into Crypto With Libra

Speaking to Cointelegraph at Blockchain Week Rome, Teck Chei, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness.  In Chei’s own words:  “I think having a company like Facebook, with such tremendous reach and distribution, into all different countries around the world – having them be interested in cryptocurrency and launching one is a very very positive thing for our industry. It brings a ton of awareness to people who have never heard of cryptocurrency.” Binance is one…

Ethereum Price Weekly Forecast: ETH Eyes Fresh Increase Above $340

ETH price completed a downside correction near the key $275 support area against the US Dollar. Bitcoin price is back above the $12,000 level and is signaling a strong bullish momentum. There is a key ascending channel in place with support near $310 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it could even surpass the main $340 resistance area. Ethereum price is slowly moving back in a positive zone against the US Dollar, similar to bitcoin. ETH is likely…