Ethereum (ETH) Price Still Capped By Key $185 Resistance

ETH price is still struggling to break the key $185 resistance area against the US Dollar. The price is currently correcting lower and it might find support near $178 or $175. There is a connecting bullish trend line forming with support near $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair could retest the $185 resistance area as long as it is trading above the $175 support. Ethereum price is struggling to continue higher versus the US Dollar and bitcoin. ETH price remains at a risk…

Libra to Be at the Center of the EU’s New Crypto Regulations

Libra will be the focus of the cryptocurrency regulatory framework planned by the European Union’s finance commissioner Valdis Dombrovskis. “Common Approach” Needed, Says Commission VP The former Latvian Prime Minister has been the Vice President of the European Commission since 2014 and said in his bid to be reappointed that the EU needs to take a unified approach to regulating cryptocurrencies. “[…] we must address risks such as unfair competition, cybersecurity, and threats to financial stability. For instance, Europe needs a common approach on crypto-assets, such as Libra. I intend to propose…

Anti-51% Attack Measures Always Imply Centralization

Bitcoin Core developer Greg Maxwell has criticized the “attractive mystery” that fear of a 51% attack on Bitcoin (BTC) entails, arguing that it betrays a fundamental lack of understanding about the cryptocurrency. In a Reddit post published on Oct. 5, Maxwell argued that any mechanism cooked up to mitigate the threat of a 51% attack always implies centralization and represents a far greater threat to Bitcoin’s integrity. Bitcoin’s fundamental focus As Cointelegraph reported previously , a 51% attack can occur on blockchains that use a proof-of-work (PoW) algorithm and essentially…

Reddit Crypto Tipping Service TipJar Shuts Down

TipJar, an Ethereum (ETH)-powered service that allowed redditors to send micropayments to each other in Ether and ERC-20 tokens, was shut down on Oct. 7. Its website is still operational but will be also closed on April 10, 2020. In a Reddit announcement published on the same day, TipJar’s developer cited “very little activity on the bot” as the main reason for the shutdown. He also urged users to withdraw their already deposited funds via TipJar’s website as soon as possible, adding: “The TipJar reddit bot is being shut down…

Bitcoin Price (BTC) Rebounding But $8.5K Resistance Holds Key

Bitcoin price started an upside correction above the $8,000 resistance against the US Dollar. The price is currently up around 5% and it recently tested the $8,350 area. There was a break above yesterday’s highlighted declining channel with resistance near the $8,060 level on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains and it could correct lower towards $8,150 or $8,050. Bitcoin price is currently rebounding above $8,200 against the US Dollar. However, BTC is still facing a lot of hurdles…

Bitcoin And Crypto Market Facing Hurdles: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently recovering, but it is facing resistance near $220.0B. Bitcoin price is up around 5%, but it is also facing hurdles near $8,300 and $8,350. EOS price extended its gains above the $3.000 resistance and tested $3.200. BCH price is up around 5% and it is trading near the key $240 resistance area. Tron (TRX) price rallied 10% and broke the $0.0160 resistance level. Cardano (ADA) price rebounded 5%, but it is still well below the $0.0450 and $0.0500 levels. Bitcoin and the crypto…

Ripple Price (XRP) Upsurge Facing Key Resistance, Can Bulls Make It?

Ripple price remained in a positive zone and rallied another 5% above $0.2750 against the US dollar. The price is trading in an uptrend, but it is now facing a strong resistance near $0.2850. There is a rising channel forming with support near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct in the short term, but it might find support near $0.2780 or $0.2750. Ripple price is up more than 5% against the US Dollar, and it recovered vs bitcoin. XRP…