Ethereum Price (ETH) Primed To Revisit $190, Bears In Control

ETH price remained in a bearish zone and broke the $208 support area against the US Dollar. The price tested the $200 support area and it remains at a risk of more losses. There is a major bearish trend line forming with resistance near $214 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower and it seems like it might soon test the $190 support zone. Ethereum price is currently trading with a bearish bias versus the US Dollar and bitcoin. ETH…

Ethereum’s EIP-2025 Stirring Controversy, ETH Prices slide 8%

Ethereum (ETH) is down 8.1 percent Istanbul may include the activation of EIP-2025 Code improvement is vital for the survival of any public chain. Even though EIP-2025 is an enhancement that will aid in funding Ethereum development, there is resistance against its activation. At the time of press, ETH is down 8.1 percent in the last week. Ethereum Price Analysis Fundamentals Because of asset tokenization, the future of facilitating platforms as Ethereum is bright. However, their success largely depends on the ingenuity of project’s creators. In the case of Ethereum,…

Utah County to Offer Blockchain Voting App in Municipal Elections

Utah County is to pilot the mobile voting app from Voatz in its municipal primary election in August. According to a press release on Tuesday, the county will offer the blockchain-based voting service to active-duty military, their eligible dependents and overseas voters. The pilot is a collaboration between the Utah County Elections Division, Voatz, Tusk Philanthropies and the National Cybersecurity Center. As part of the Tusk Philanthropies effort to increase voter turnout, Voatz has previously been trialed in municipal elections in Denver, as well as two primaries in West Virginia – the first…

UK Finance Watchdog Mimicked in Crypto Scam Email

A U.K. financial watchdog is being impersonated in an email promoting a cryptocurrency scam. Purporting to be sent from British regulator, the Financial Conduct Authority, the email touts a “guaranteed chance to earn” via cryptocurrency, FT Advisor reports Tuesday. The message is dressed up with FCA and Bank of England logos, and sports a photo of physical cryptocurrencies – bitcoin, litecoin and XRP – over the British Union Jack flag. A tell-tale that the email likely isn’t from the FCA is that the caption for the proceed button comes with…

Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto

Genesis Global Trading’s crypto-related lending business remains on a growth tear – especially its loans of U.S. dollars and blockchain substitutes. According to statistics published by the over-the-counter trading firm Tuesday, Genesis’ “cash” lending doubled in the second quarter from the previous quarter to about $186 million. These loans, denominated in fiat or the dollar-pegged USDC, PAX, TrueUSD or USDT stablecoins, were introduced in last year’s fourth quarter and now account for 23.5 percent of the firm’s outstanding loans. Tellingly, the majority of these loans were written in June, when…

Bitfinex Investor Raising $21 Million for Binance-Style Exchange Cryptocurrency

RenrenBit, a China-based crypto peer-to-peer lending and wallet startup founded by well-known over-the-counter (OTC) trader Dong Zhao, has lined up commitments worth $21 million for its own token sale. The lending platform kicked off the sale of 21 million RRB tokens on Monday, each priced at 1 USDT, the dollar-pegged cryptocurrency issued by Tether. It’s yet another example of a notable Chinese crypto startup capitalizing on the craze of exchange platform tokens following the significant growth of Binance’s BNB. According to a notice posted on RenrenBit’s mobile app, the sale…

WATCH NOW: CoinDesk LIVE Presents Beyond ICOs: The Future of Tokens

Join today as we talk to thinkers, developers, and investors about the future of tokens and altcoins. Our mission? To separate ICO junk from future reality. We invite you to join us on YouTube and chat with your hosts and guests or Tweet to @coindesk with the hashtag #coindesklive and we will answer questions live on the show. In this session of CoinDesk LIVE we will interview: 10:00am EST – Lars Seier Christensen – Chairman, Concordium 11:00am EST – Muneeb Ali – CEO, Blockstack 1:30pm EST – Marshall Hayner – CEO, Metal…

South Korean Financial Overseer Who Banned ICOs Abruptly Quits

The head of South Korea’s Financial Services Commission (FSC) abruptly resigned last week, according to a July 18 report from The Korea Times. Former Chairman Choi Jong-ku reportedly left his office one day in advance of his second anniversary, amid a period of governmental reorganization. He told reporters he resigned “before the expected reshuffle” to “widen the scope” of President Moon Jae-in’s search for new cabinet members. Choi’s predecessors have typically resigned at the two-year mark under similar circumstances. The top candidates to replace Choi as chairman include Eun Sung-soo,…

Ethereum Classic Developers Focus on Atlantis, Failure Could See ETC Prices Halve

Ethereum Classic (ETC) down 4.7 percent Interoperability through Atlantis could be the shot in the arm for ETC bulls Atlantis will signal the beginning of Ethereum Classic-Ethereum interoperability. Beneficial for both networks, ETC prices will likely edge higher. That’s despite the overwhelming sell pressure threatening to drive prices to $3. Ethereum Classic Price Analysis Fundamentals As long as blockchain transactions are collaborative and on-chain, solving scalability related frictions will always be daunting. For now, there is progress. Different networks with varying objectives are implementing solutions they see fit. Of the…

Changpeng Zhao’s Confidence, Bitcoin (BTC) down 8%

Bitcoin (BTC) is down 8.3 percent week-to-date Binance CEO said cryptocurrencies would survive Changpeng Zhao, the CEO of Binance, is of the view that President Trump’s mentioning of Bitcoin is positive. As an unstoppable force and an innovation, Bitcoin won’t die. At the time of writing, BTC is under liquidation pressure, shedding 3.1 percent in 24 hours. Bitcoin Price Analysis Fundamentals Often, change is hard, especially for the privileged. However, change is inevitable. For a long time, central banks and financial institutions have enjoyed the benefit of monopoly. Their power…