Ethereum Price (ETH) Correcting Gains, Another Dip Before Higher?

ETH price climbed higher recently above $220 before starting a downside correction against the US Dollar. The price traded as high as $226 and recently declined below the $220 support area. There is a short term declining channel (may be bullish flag) forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken). The pair might decline towards the $210 support level before it could bounce back. Ethereum price is currently correcting gains versus the US Dollar, and bitcoin is back below $10,000. ETH price might…

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token

The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities. The SEC published its determination on July 25 via the commission’s website, as a reply to an apparent inquiry from the company Pocketful of Quarters (PoQ) on its proposed “Quarters” tokens. Jonathan Ingram, the chief legal advisor of the SEC’s FinHub division wrote: “Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your…

Bitcoin Could Reclaim Its Peak, Hit $20,000 by Year-End: Novogratz

Some in the crypto community were left wondering if Michael Novogratz was still bullish on bitcoin after he recently took some bitcoin profits and kicked himself for not taking more. Being the astute trader that he is, Novogratz was just looking to buy back in at lower levels, an opportunity that doesn’t come around every day. Turns out the Galaxy Digital CEO knew exactly what he was doing, and now he’s feeling bullish once again. After accurately predicting a period of consolidation for BTC and a range of roughly $10,000…

Bancor Raised $153 Million and Found Actual Users. Why Did Its Token Tank?

The cryptocurrency industry is still grappling with the legal implications of the initial coin offering (ICO) trend of 2017. Two years after the token boom, the value of Bancor’s BNT token is in the dumps – sinking from $4.49 in July 2017 to an all-time low last week of $0.44, according to CoinMarketCap. Yet, the project’s main investors are still holding. For example, Yoni Assia, CEO of the crypto exchange eToro, described the $153 million Bancor ICO as a “pivotal” moment for the industry and told CoinDesk he is holding BNT…

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic

Uganda, an African country where thousands are dying each year due to counterfeit medicine, wants to put an end to its fake drugs epidemic by utilizing the blockchain. Putting an End to a Deadly Disease Fake drug counterfeiters cause as many as 158,000 people to die in sub-Saharan Africa each year in a $200 billion worldwide market. They produce look-alike medicine that contains little-to-no active ingredients as well as harmful elements, WeeTracker reported. Africa is more exposed to the counterfeit drugs epidemic than other continents as it lacks the technical…

Ethereum (ETH) Prices Back to Green, Surge 7% in 24 Hours

Ethereum (ETH) adds 7.6 percent Facebook’s Libra is more popular than ETH An independent research from eToro reveals that investors are more aware of Libra, a Facebook stablecoin set for launch in 2020, than Ethereum (ETH). Meanwhile, ETH is back to green, adding 7.6 percent in 24 hours Ethereum Price Analysis Fundamentals The discourse around Facebook’s Libra, a centralized stablecoin, is at fever-pitch. Unfortunately, the consensus is not favorable for the global stablecoin. Facebook has a bad track record on privacy. Worse, their foray into finance is agitating Congress. Visibly,…

Ripple (XRP) Prices in Consolidation Mode Despite Institutional Demand

Ripple (XRP) prices are firm above 30 cents XRP sales in Q2 2019 topped $251 million Ripple’s Q2 2019 XRP market report is enlightening. Revealing the level of XRP demand, investors now know that institutions form the bulk of buyers. In the medium-to-long term, this will help strengthen bulls targeting 50 cents and 80 cents respectively. Ripple Price Analysis Fundamentals Before shifting strategy, Ripple’s solutions were meant for institutions. As a distributed ledger technology firm with interests in global payment, their decision to focus on individuals is proving to be…

Bitcoin (BTC) Undervalued, Would Be Worth $356,000 by 2022 Says Pantera Capital Founder

Bitcoin (BTC) prices reacting from $9,500 Dan Morehead of Pantera Capital projects price to hit $356,000 by 2022 Pantera Capital’s founder, Dan Morehead, in a podcast, said Bitcoin is growing at a compound annual rate of 235 percent. At this pace, BTC’s would be worth $42,000 by the end of the year. Meanwhile, prices are relatively calm, up roughly two percent in the last day. Bitcoin Price Analysis Fundamentals By acting as money and a settlement layer, Bitcoin is a topic of discussion amongst politicians. All the same, considering the…

Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry |

The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday. IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power. A day later, Garg applied for voluntary retirement from service with effect from October 31. Handed over charge of Economic Affairs today. Learnt so much in the Finance Ministry and Economic Affairs Dept. Will take charge in Power Ministry tomorrow. Have also applied for Voluntary Retirement from…

Bitcoin Above $10,000 But Downside Risks Remain: Analyst

Bitcoin has close above the $10,000-level in its interim upside correction, but that does not guarantee an explosive price rally. Noted market analyst Josh Rager said on Thursday that bitcoin could continue trending upwards until it hits $10,854. The level, as he pointed, is acting as a resistance on the daily timeframe graph. The trader also illustrated it with a chart showing how the $10,854 level earlier halted the upside attempts in the bitcoin market. Bitcoin Eyes Pullback from Two Strict Resistance Levels | Image Credits: Josh Rager The statement followed…