Ethereum (ETH) Price Holding Key Support But For How Long?

ETH price is currently under pressure and is trading below the $175 level against the US Dollar. The price is trading above the $170 support area, but it is struggling to climb higher. There is a major contracting triangle forming with support near $170 on the hourly chart of ETH/USD (data feed via Kraken). A downside break below the $170 support might spark a strong decline towards $165 or $160. Ethereum price is preparing for the next move versus the US Dollar, while consolidating vs bitcoin. ETH price must stay…

Vanguard Group Tests Blockchain Platform for Trading Currencies

The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks. On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG. A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.  By…

Hackerone User Reveals Critical Bug Through MakerDAO Bounty Program

MakerDAO, the decentralized organization that runs on Ethereum, has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users. $50,000 bounty On Oct. 1 HackerOne user lucash-dev disclosed a report that revealed a critical bug in MakerDAO’s planned Multi-Collateral Dai (MCD) upgrade. The bug could have allowed an attacker to steal all of the collateral stored in the MCD system – possibly within a single transaction, Lucash-dev said. The bug was caught during the testing phase of the MCD upgrade and before…

Libra Labeled a ‘Monetary Threat’ By Senior US Bank Executives

Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve.  Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced back in June and has been dealt a further blow following a meeting of the Federal Advisory Council this month. Members of the council include M&T Bank CEO Rene Jones, KeyCorp’s Beth Mooney, and Brian Moynihan, CEO of Bank…

Telegram to Launch Its Telegram Open Network (TON) in October

Telegram has indicated that the Telegram Open Network (TON) could launch at the end of this month. On Wednesday, in an email to TON investors, the firm indicated that the launch is on track as planned earlier. TON Could Be Ready by October 16 The CTO of TON Labs, Mitja Goroshevsky, confirmed the information indicating that TON Labs will be responsible for running and managing the validation pool. TON Labs is a startup tasked with the responsibility of creating tools for TON developers. Investors will receive the TON key generation…

American Banking Giants Sound Off Against Libra as Monetary Threat

As if the financial establishment has not been vocal enough about its resistance against Libra, their displeasure was noted in an official complaint to the central bank. Executives from some of the biggest American banks told the Federal Reserve that Facebook’s cryptocurrency Libra would pose a threat on monetary policies in the US, Bloomberg reported. “Facebook is potentially creating a digital monetary ecosystem outside of sanctioned financial markets — or a ‘shadow banking’ system,” banks said, according to the minutes of this month’s Federal Advisory Council meeting obtained by the…

Udi Wertheimer Offers to Promote Binance in Exchange for SegWit Support

One of the Bitcoin (BTC) space’s best-known and most outspoken developers has pledged to advertise Binance for the rest of the year if the exchange implements specific features. Wertheimer is confident that Binance lacks SegWit, Lightning In a Twitter debate beginning on Oct. 2, Udi Wertheimer has made an unusual decision to influence development of Binance, one of the world’s biggest cryptocurrency exchanges.  Appealing to Binance CEO Changpeng Zhao (known as “CZ”), Wertheimer said he could potentially change his Twitter profile picture to Binance’s logo for the rest of the…

Bitcoin Price (BTC) Primed For Lift-Off Towards $8,800

Bitcoin price is holding the $8,200 support area with positive moves against the US Dollar. The price is likely to revisit the $8,500 resistance area and it might even surpass the stated level. There is a new connecting bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains well supported on the downside and it could climb higher towards $8,800. Bitcoin price is showing signs of an extended recovery above $8,500 against the US Dollar. BTC is…

Bitcoin And Crypto Market Cap Near Key Juncture: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is slowly moving higher towards the key $220.0B resistance area. Bitcoin price might soon make another attempt to surpass the key $8,500 resistance area. BCH price is holding the $220 support, but it is facing hurdles near the $235 resistance. EOS price is climbing above $3.000 and it may perhaps revisit the $3.100 area. Stellar (XLM) price must surpass the $0.0600 and $0.0620 resistance levels for more gains. Tron (TRX) price is climbing higher towards the key $0.0150 resistance area. Bitcoin (BTC) and the crypto…