Ethereum Price (ETH) Struggling Near 100 SMA While Bitcoin Consolidating

ETH price extended its decline and tested the $170 support area against the US Dollar. The price is currently correcting higher, but it is struggling to break the $175 resistance area. There was a break above a major declining channel with resistance near $173 on the hourly chart of ETH/USD (data feed via Kraken). The bulls need to push the price above $175 and the 100 hourly simple moving average. Ethereum price is facing hurdles near $175 versus the US Dollar, while bitcoin is consolidating. ETH price could decline again…

Four Out of Five Top Bitcoin QR Code Generators are Scams: Report

Four out of the first five results presented when querying Google for a “bitcoin qr generator” lead to scam websites. The findings Cryptocurrency wallet ZenGo wrote the findings in a blog post published on Aug. 29. Reportedly, when researching prior to implementing QR Code support in their wallet, ZenGo learned of the prevalence of scam QR Code generators. The company explains how the alleged scam works: “These sites generate a QR code that encodes an address controlled by the scammers, instead of the one requested by the user, thus directing…

U.S. Dep. of Energy Grants $200,000 to Blockchain Company to Secure Grid

The U.S. Department of Energy (DOE), is granting nearly $200,000 to blockchain company Factom to help protect the national power grid. Blockchain to improve grid reliability and resilience On July 12, the U.S. Department of Energy awarded the funds. The overall objectives of the grant proposed to design a system to improve grid reliability and resilience through the use of blockchain technology. The abstract reads: “Electric grids are quickly evolving with advanced monitoring and information management as well as communication through connected devices. Although the number of devices and sensors…

Poloniex Exchange Will Upgrade XRP Wallets Monday, Limiting Activities

U.S.-based crypto exchange Poloniex took to Twitter today to announce the upgrade of its XRP wallets, which will result in withdrawals and deposits being suspended for several hours. What will change? On Sept. 5, the crypto exchange took to Twitter to explain that it will upgrade its XRP wallets to further enhance the user experience. Once the upgrade is implemented the base reserve deposit requirement of 20 XRP to create a new address will no longer be needed. In addition, deposit confirmations have been reduced from 12 to 2, which…

Waves Platform and The Abyss to Jointly Launch Blockchain-Based Games Marketplace

Open source blockchain platform Waves and blockchain game distribution platform The Abyss will jointly launch a blockchain-based marketplace of digital goods and in-game items. In a blog post published on Sept. 5, The Abyss revealed its collaboration with the Waves Platform, aimed at the development of a blockchain-powered marketplace of tradable goods and in-game items. The marketplace will enable users to purchase items with Abyss Tokens and sell them to other users. Waves blockchain-integrated tokens The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss…

OKCoin’s Fiat-to-Token Trading Now Available in 7 More US States

San Francisco-based cryptocurrency exchange OKCoin will now offer fiat-to-token and token-to-token trading services to residents of seven more US states. OKCoin expands services in the United States of America On Sept. 5, OKCoin, one of the top cryptocurrency exchanges by adjusted volume, announced that its trading services are now available in 7 new US states: Arkansas, Iowa, Kentucky, Mississippi, Pennsylvania, Utah and Wisconsin, which are added to an already extensive list of areas of operation in the US. Expanding into Europe Cointelegraph reported in early June that OKCoin had decided…

Startup Tests New Ethereum Sidechain Following Coinbase Investment

Following investment from Coinbase Ventures, Offchain Labs has opened up the Alpha version of its Ethereum (ETH) scaling solution, dubbed Arbitrum. Enterprise-focused blockchain startup Offchain Labs said that their solution will enable processing speed of more than 500 transactions per second for Ethereum applications, industry-focused news outlet Crypto Briefing reported on Sept. 5. Arbitrum has reportedly secured new investment from Coinbase Ventures, the investment arm of major American cryptocurrency exchange Coinbase. Faster than Ethereum Deploying Arbitrum, developers can build smart contracts on Ethereum’s Solidity code. However, unlike regular Ethereum decentralized…

Crypto Giant Binance Launches Token Airdrop Following JEX Acquisition

Major cryptocurrency exchange Binance plans to launch a token airdrop as part of the company’s acquisition of JEX, a crypto-asset trading platform. In a Sept. 5 announcement, Binance again revealed the acquisition of JEX, which will now operate under the name Binance JEX as an independent team within the Binance ecosystem. Following the acquisition, Binance is going to convert ERC-20 JEX tokens into native Binance Chain-based BNB (BEP2) ones. Distribution of 200 million tokens Binance will then distribute all 200 million unlocked JEX team tokens to all BNB holders on…

Co-founder of LinkedIn Presents Crypto Rap Video: Hamilton vs. Satoshi

Reid Hoffman, co-founder of LinkedIn, decided to let Alexander Hamilton, one of the founding fathers of the United States, face-off against Bitcoin (BTC) creator Satoshi Nakamoto in an epic crypto-rap-battle video. Cryptocurrency debate between actor-rappers playing Hamilton and Satoshi On Sept. 5, Hoffman released a new hip-hop rap battle video which shows Alexander Hamilton, the founder of the United States financial system and central bank, fighting in rap-battle-style for the merits of centralized currencies against the mysterious Bitcoin creator Satoshi Nakamoto. Hoffman said that he was inspired by watching the…

Paxful Joins Forces With CoinLogiq to Bring Crypto ATMs to Columbia and Peru

The global peer-to-peer Bitcoin (BTC) marketplace, Paxful, and Medellin-based blockchain company, CoinLogiq, are joining forces to bring 20 new crypto ATMs to Colombia and, later, 25 to Peru. Colombians will have access to 20 new ATMs In a press release shared with Cointelegraph on Sept. 5, Paxful announced that it is joining forces with CoinLogiq to bring 20 new ATMs to several points of interest to the main Colombian cities such as Bogota and Medellín. The partnership between the two companies will reportedly encourage people to withdraw digital currencies in…