Is Crypto Summer Back in Switzerland?

Recent data suggests that the Swiss blockchain industry is making impressive gains. The latest report by the country’s main industry body, Crypto Valley Venture Capital (CV VC), for example, points to increased valuations and rising employment figures. On releasing the report, CV VC exclaimed that “the summer is back.” But is it really time to start celebrating? According to the report, published in collaboration with the Big Four accounting firm PwC and its partner Inacta, the top 50 blockchain companies have doubled their valuations in the first half of 2019…

Crypto and Blockchain News From German-Speaking World: Oct. 20-26

The German-speaking world has seen an array of crypto and blockchain-related developments over the past week, with the Federal Ministry of Finance concluding that cryptocurrencies are hardly involved in money laundering and terrorist financing (TF), Bitwala integrating a feature for automatically generating cryptocurrency tax reports, and  the Graz startup Lab10 Collective developing a more energy-efficient blockchain. Below is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Risk analysis by the Federal Ministry of Finance: Crypto is hardly involved in money laundering…

Ethereum Price Weekly Forecast: ETH Rally Not Likely Over

ETH price rallied recently and broke many resistances near $172 and $185 against the US Dollar. The price even spiked above the $188 resistance and it is currently correcting lower. There was a break above a significant bearish trend line with resistance near $170 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong support near $175 and $172 levels in the coming sessions. Ethereum price is trimming gains below $185 against the US Dollar, similar to bitcoin. ETH is likely to…

Bitcoin (BTC) Price Weekly Forecast: Is This Real Bullish Break?

There was a strong rise in bitcoin price from above $8,000 and $9,000 against the US Dollar. The price even spiked above the $10,000 resistance, but it failed to hold gains and declined. There is a short term bullish trend line forming with support near $9,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could bounce back as long as it is trading above the $8,600 and $8,500 support levels. Bitcoin price is trimming gains after a sharp rally against the US Dollar. BTC…