Ethereum Price (ETH) Flirts With Key Resistance Amid Negative Sentiment

ETH price remained supported above the $205 level, but struggled to gain traction against the US Dollar. The price is facing a few key resistances near the $212 and $215 levels. There is a contracting triangle forming with resistance near $211 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either rally above the $215 resistance or it might soon retest the $200 support level. Ethereum price is still facing a strong selling interest versus the US Dollar and bitcoin. ETH price needs to surpass the…

Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

The Bank of China, one of the four biggest state-owned commercial banks in the country, released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26. A brief story: from Bitcoin to Libra The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009, 10,000 BTC having been spent for pizza in 2010, and other major milestones for the system, ending with the announcement of Facebook’s…

Bitcoin Price Retakes $10K as Fresh Data Supports Giant $300K+ Bull Run

Bitcoin (BTC) price gained over $300 in just ten minutes on July 27 as markets rallied to take the largest cryptocurrency back above $10,000.  Market visualization. Source: Coin360 Bitcoin network holds clues to price future Data from Coin360 shows BTC/USD trending towards the psychologically important barrier after hitting local highs of $10,179 early Saturday.  The sudden uptick ended a period of losses for Bitcoin holders, who watched as the pair descended to lows around $9,580 this week. Bitcoin 7-day price chart. Courtesy of Coin360 Bitcoin price remains around 4.7% down…

Bitcoin-Friendly Square Cash App Stock Price up 56% in 2019

Cash App, the payments app of San Francisco-based company Square, announced a Bitcoin (BTC) giveaway in a tweet published on July 26 as its stock price continues to grow, according to MarketWatch. Giving away Bitcoin In its tweets, the official Cash App Twitter account announced that it will give away $50,000 in Bitcoin. In subsequent tweets, Cashapp also pointed out that the number of tweets grew first to 12,300, and then to 40,300.   As Cointelegraph reported at the end of June, Square already enabled Bitcoin deposits to all of…

US Moves Closer to Accepting Blockchain, Still Uncertain Over Crypto

Despite concerns expressed by many United States regulators during the recent House Committee on Financial Services’ hearing on Facebook’s proposed digital currency, Libra, an increasing number of U.S. lawmakers are speaking out in favor of developing a permissive regulatory apparatus to prevent stifling innovation in the cryptocurrency sector. Several days prior to the hearing, the passing of the Blockchain Promotion Act signposted the government’s intention to develop a prudent legislative framework to oversee possible implementation of blockchain technology in various public sectors. Skepticism pertaining to the operation of Facebook and…

Why Satoshi Should Never Be Revealed

In the most recent of a series of interviews, Cointelegraph head of news Molly Jane Zuckerman interviewed Bitcoin (BTC) himself, with the help of the animators behind the “Bitcoin and Friends” series, in a video published on YouTube on July 24. Should Nakamoto’s identity be revealed? During the interview, Bitcoin said that he hopes the real identity of his creator — Satoshi Nakamoto — will never be revealed. He declared: “I hope that the true identity of my dad is actually never revealed. I think considering the nature of cryptocurrencies,…

Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next

Bitcoin (BTC) price dropped $800 in 15 minutes July 27 after a dramatic bearish move destroyed support at $10,000.  Bitcoin 24-hour price chart. Courtesy of Coin360 Bitcoin traders eat their wallets Traders were scratching their heads on social media Saturday in the wake of the sudden losses, with BTC/USD crashing from $10,180 to $9,410. At press time, the pair had recovered marginally to circle $9,500, while a lack of obvious factors left commentators struggling to understand the market.  As Cointelegraph reported, a return to $10,000 earlier came as a surprise…

Don’t Call Ethereum an ‘Altcoin’ Anymore

Institutional cryptocurrency exchange San Francisco Open Exchange (SFOX) suggested that Ether (ETH) may not be an altcoin anymore, in its latest market report published on July 24. ETH is more correlated to BTC than other alts In its post, SFOX suggested that “it may no longer be accurate to classify Ethereum as an ‘altcoin.’” The exchange is suggesting that ETH may not fit into the altcoin category because BTC’s current correlation with Ether is markedly higher than its correlations with other altcoins. The author of the post also notes: “This…

Greek Billionaire Launches Hemp-Backed Token and Dedicated Exchange

Greek billionaire and television director Alki David and his Swiss consortium launched cannabis-backed token SWX Coin, according to a press release published on July 25. A cannabis-backed token on the BTC chain Per the release, the consortium also launched the Swissx Bank of Cannabis to operate the token. The exchange will be based in Gstaad, Switzerland, and with a Caribbean headquarters to be named soon. The token is reportedly based on Bitcoin (BTC)’s blockchain, and a single unit is pegged directly to the median global price of premium hemp flower.…