Ethereum (ETH) Price Weekly Forecast: Larger Rally To $340 In Play

ETH price started a strong upward move and broke the key $300 barrier against the US Dollar. Bitcoin price gained momentum above $10,000 and $11,000 levels and is currently consolidating. There is a major ascending channel in place with support near $305 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to break the $320 resistance and it could even test the $340 resistance area. Ethereum price is rallying above key resistances such as $300 against the US Dollar, similar to bitcoin. ETH could continue…

Surprising Google Data Hits at Tantalizing Bitcoin Moonshot

By CCN Markets: Since early 2019, search engine interest for the keyword “bitcoin” has nearly doubled, according to data from Google Trends. However, with consumer interest still down nearly 90 percent from its all-time high, there’s a strong possibility the crypto boom has more room to run. Google: Bitcoin Searches Still Down 88% from 2017 Peak The sharp fall in the bitcoin price from above $6,000 to $3,150 in December 2018 led many investors to despair. Others simply lost interest, leading to a mammoth decline in crypto-related search queries. The…

Will PwC’s New Software Solve the Cryptocurrency Auditing Problem?

Earlier this week, Big Four firm PwC announced the release of a cryptocurrency auditing software solution. According to the multinational professional services network, its Halo auditing suite has now been updated to accommodate “entities engaging in cryptocurrency transactions.” The new tool reportedly allows PwC to establish crypto asset ownership and gather information about transactions and balances from blockchains. While it is currently unclear whether Halo will now be picked up by cryptocurrency-related businesses, PwC’s move seems to mark another landmark step for the industry. Specifics of auditing in the crypto…

Russian Ministry of Finance Considers Allowing Cryptocurrency Trading

A representative of the Russian Ministry of Finance (MinFin) says the ministry is considering allowing cryptocurrency trading, Russian news service Interfax reported on June 21. Per the report, the Deputy Minister of Finance Alexei Moiseyev told journalists on Friday that, while MinFin had reached no final decision, cryptocurrency trading may be allowed in the coming bill on the circulation of cryptocurrencies in the Russian Federation. A bill prohibiting the use of crypto assets as a means of payment in the Russian Federation passed in May of last year. Anatoly Aksakov,…

Up 15.1%, Ripple (XRP) Likely To Emulate BTC’s Performance

Ripple (XRP) up 15.1 percent Widespread use of xRapid is the only insurance for XRP investors Armed with solutions that speed up processes, Ripple may replace SWIFT. Use of xRapid draws demand. For XRP investors, widespread adoption is the only route for better prices. Expectedly, demand for XRP will fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher. Fundamentals There is hype around Libra and Facebook’s Libra. Supporters argue that Ripple will  weather through Libra disruption and cement its position as a…

Crypto and Blockchain in Charity

The technology that underpins cryptocurrencies has been gradually entering the charity sector, purportedly providing more transparency and trust to the industry — especially given a decrease in people’s trust in charity organizations, where the public is increasingly concerned about how charities spend raised money. Governments and blockchain projects embrace charity space Governments around the world have been showing increasing interest in blockchain deployment and digital currency adoption for philanthropy, although few of them have implemented clear regulations toward the new type of currency at the legislative level. Recently, the British…

Bitcoin Price Smashes Past $11,000 – Should Traders Fear a Dump?

By CCN Markets: The bitcoin price rally refuses to let up, and the dominant cryptocurrency just soared above $11,000 for the first time since March 2018. Bitcoin Price Rushes to 15-Month High Around 12:00 UTC, investors bid the bitcoin price up to $11,215.89 on US cryptocurrency exchange Coinbase. The move pushed the asset up by 13 percent for the day, launching its month-to-date gains above 30 percent. The past 24 hours also saw bitcoin’s “real 10” volume, which eliminates suspicious trades, swell to $2.58 billion. Bitcoin Surges Past the $11,000…

ETH Hits 10-Month High as Crypto Markets See Solid Green

Saturday, June 22 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $11,100 mark. Market visualization courtesy of Coin360 Bitcoin is currently up over 13% on the day, trading around $11,154 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 22%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, bitcoin crossed $11,000 in under 24 hours after crossing $10,000. Ether (ETH) is holding onto its position as the largest…

Bitcoin Bulls Relentless, BTC Soar Past $11,000 In A Reminder of Q4 2017

Bitcoin (BTC) prints new 2019 highs Eventually, blockchain based platforms will replace legacy bank-based systems Overly, there is a changing view of what Bitcoin is. The entry of Facebook could open doors for Wall Street corporations. Because of this possibility, Steven Eliscu of DMG Blockchain now says blockchain systems will eventually “supplant legacy bank-based systems.” Meanwhile, BTC prices are trading above $10,500 and 27 percent higher from last week’s close. Bitcoin Price Analysis Fundamentals Trading above $11,000, BTC rally is parabolic. It is a continuation of a streak that began…