Ethereum Price (ETH) Testing Crucial Support While Bitcoin Holding Gains

ETH price failed to settle above $180 and started a fresh decrease against the US Dollar. The price is currently trading near the $174 support and it could bounce back in the near term. There was a break below a major bullish trend line with support at $177 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is still holding the $10,500 support area and it could climb higher in the near term. Ethereum price is struggling to hold gains versus the US Dollar, while bitcoin is…

Altcoins Are Taking a Beating While Bitcoin Price Holds Around $10,500

Wednesday, Sept. 4 — The top-20 cryptocurrencies are showing red candlesticks across the board, as the number one cryptocurrency continues to test support at $10,500. Market visualization. Source: Coin360 The Bitcoin (BTC) price has shown little price movement in the last 24 hours, and has been trading close to $10,500 for most of the day. At press time the world’s most popular cryptocurrency is trading at $10,532, down 0.63% on the day. Bitcoin’s 24-hour price chart. Source: Coin360 Cointelegraph reported earlier that analysts suggested that the climate was right for Bitcoin…

Foundation Uses Blockchain and Crypto to Help Save the Brazilian Amazon

Rainforest Foundation US is a New York-based, non-profit NGO working in Central and South America, which is now hoping to support anti-deforestation efforts with crypto and blockchain tech. Deforestation and fires in the Brazilian Amazon On Sept. 4, the Rainforest Foundation reached out to the crypto and blockchain community to ask for their support to fight against deforestation and forest fires in Brazil. The post on the foundation’s website states: “Since Bolsonaro took office in January, deforestation in the Brazilian Amazon is up 75% and forest fires in the Brazilian…

Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle

With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. The United Kingdom’s liberal-leaning daily newspaper The Independent reported on Sept. 3 that Bitcoin has, amid the country’s parliamentary drama and the pound’s tribulations, by contrast, seen a solid and protracted period of growth.  By press time, the top cryptocurrency is trading above $10,500 — up 8.36% on the week. The British pound, meanwhile,…

Bitcoin ‘Not Functional as a Currency’

Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency. Make Bitcoin more usable and accessible as a currency On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No. 1 cryptocurrency will continue to be adopted more widely. However, Dorsey added: “It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do…

Blockchain Dev’s Platform Now Available on Oracle Cloud Marketplace

Fintech blockchain developer Hydrogen has announced that its platform is now available on software giant Oracle’s Cloud Marketplace.  Hydrogen now available to millions On Sept. 4, the startup announced that the listing on Oracle Cloud Infrastructure will make its application programming interface available to millions of Oracle customers. Hydrogen offers tools to build applications for banking, savings and insurance, among other aspects of digital finance. Mike Kane, co-founder and CEO of Hydrogen, said: “Hydrogen is being used by financial institutions big and small to quickly build consumer facing fintech applications.”…

Elliptic, A Crypto Forensic Startup, Raises $23 Million USD

Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings. Elliptic to Expand into Asian Markets The Series B funding round was led by Japanese financial institution SBI Holdings and will enable Elliptic to continue expansion into Asian markets where it has recently opened an office in Singapore and will open another in Japan this week. Elliptic CEO and founder James Smith cited Asia as a highly attractive market for the company due to its prominent…

Venture Capitalist Fred Wilson Revises His Bullish Opinion on Ether

Fred Wilson, a financier and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether (ETH). Back in 2017, Wilson had suggested the market capitalization of Ether will bypass the market capitalization of Bitcoin (BTC) and eventually be worth more per coin. However, in a Sept. 4 blog post, Wilson acknowledged ETH has fallen short of this — and that the underlying Ethereum network is experiencing problems. He wrote: “Ethereum, as many of you know, confounds me. It has shown the way to so many important things; smart contracts, programmable trust-free…

German Politicians Want to Fight Climate Change With Blockchain Tech

The Free Democratic Party (FDP) in Germany proposes to issue a new cryptocurrency called Arbil to anyone who removes CO2 or other greenhouse gases from the atmosphere. Get paid to withdraw CO2 from the atmosphere In a report by local news daily Welt on Sept. 2, the FDP recognizes that it is no longer enough to focus only on putting less CO2 into the atmosphere. It states that, if the world wants to slow down global warming, it will also need to bring back greenhouse gases that have already been…

Bahamian Blockchain Company Raises Crypto for Hurricane Dorian Victims

PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2. Devastation in the Bahamas Hurricane Dorian brought devastation to Bahamian islands on Monday and Tuesday. Satellite images show the region has suffered heavy flooding, with more than 60% of Grand Bahama Island submerged.  Call to help Dorian victims PO8 has witnessed the devastation firsthand and is asking the crypto and blockchain communities to…