Ethereum Price (ETH) Recovery Could Face Hurdles Near $190-$195

ETH price declined to a new monthly low at $173 and recently recovered against the US Dollar. There was a break above the $180 and $182 resistance levels. This week’s followed major bearish trend line is in place with resistance near $202 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to face a strong resistance near the $190 and $195 levels. Ethereum price is currently recovering from new lows versus the US Dollar, while struggling vs bitcoin price. ETH price might continue to slide…

Major Staffing Company Kelly Services Turns to Blockchain With New Partnership

Global staffing company Kelly Services announced a strategic partnership with online blockchain-based hiring platform Moonlighting. As Forbes reported on Aug. 14, Kelly Services will deploy Moonlighting’s blockchain-enabled hiring platform in a bid to streamline internal processes such as secure uploading of job seekers’ profiles and their distribution among various platforms. Moonlighting is based on EOSIO’s public blockchain and reportedly does not involve the use of a cryptocurrency. Moonlighting CEO and founder Jeff Tennery told Forbes that the biggest problem with the gig economy is its fragmentation, wherein people have to…

Dash Releases Upgrade In Response to Newly Exposed Vulnerabilities

Dash has released Dash Core v0.14.0.3, a new version of the wallet and P2P client for its cryptocurrency DASH in light of recent transaction spikes on its mainnet.  Security upgrade Dash Core announced the news in an official blog post on Aug. 15. According to the announcement, Dash was hit with either an external stress test or attack on Wednesday and Thursday this week. The post said that “the upgrade is strongly recommended for all Masternodes and is also recommended for all users, exchanges, partners and full node operators.” The…

Coinbase Custody Buys Xapo Institutions, Continuing Rapid Expansion

Disclaimer: this story is breaking and may be subject to updates. Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody. Major crypto exchange Coinbase announced the news in a post on the company’s blog Aug. 15. The news follows rapid growth on the part of Coinbase’s year-old custodial wing, which only two months ago reported assets under custody (AUC) valued at $1.3 billion.  According to the announcement, the new acquisition puts Coinbase Custody’s AUC at $7 billion. Xapo is itself a…

Blockchain Music Streaming Startup Unveils Source Code, Incentives

Audius, a blockchain startup that aims to disrupt the music streaming industry, has uploaded its public beta version.  The open source code for public use of Audius is available on GitHub as of Aug. 15. Additionally, the startup has issued an open invitation to run network nodes in exchange for compound rewards distributed in Audius’ native token. Decrypt reported the startup’s recent developments on Aug. 15. According to Audius CEO Roneil Rumburg, Amazon Web Services is one provider that users can take advantage of to run a node for the…

Bitcoin Price Shows Signs of Recovery as Altcoin Market Stays Red

Thursday, Aug. 15 — Bitcoin (BTC) is seeing some upward movement as Ether (ETH) and XRP continue to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,407 at press time, representing a 0.82% price increase on the day. Bitcoin has ranged from just under $10,000 to over $12,000 this month and had most recently been on a downward streak. However, after bottoming out around $9,700 today, BTC has turned around to retake the $10,000 barrier and push beyond. Bitcoin 7-day price chart. Source: Coin360 The number two cryptocurrency, ETH,…

Crypto Mining Company CoinMine Secures $2.5 Million in Seed Round

Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post on Aug. 15. As part of the announcement, Coinmine said it will continue to support more cryptocurrencies and ship out “over-the-air” updates.  The company offers a product called Coinmine One, which is an all-purpose cryptocurrency mining computer that costs $700. The announcement also included a shoutout to previous investors, who include familiar names such as Coinbase Ventures…

Binance to Resume US Operations Within Two Months, Predicts CEO CZ

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months. Navigating U.S. regulation Zhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to operations in the U.S., Zhao said:  “I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but…

Alibaba Files US Patent for Blockchain Domain Name Management System

Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.”  Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name…

Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Wednesday’s yield curve inversion should have been bullish for bitcoin since it’s a major recession indicator, but the BTC price fell. Market observers explain why. | Source: Shutterstock By CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher. That’s because it signaled a recession, which tanked the stock market. It was just about a week ago that the bitcoin price rose in the wake of macroeconomics that sank the stock market. Observers cheered that finally the crypto was being seen…