Ethereum Price Weekly Forecast: ETH Primed For More Downsides

ETH price is trading in a bearish zone below the $142 and $146 resistance levels against the US Dollar. The price is declining and it seems like it could continue to drop below $140. There is a major bearish trend line forming with resistance near $142 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to face a lot of selling interest as long as it is below $146. Ethereum price is struggling to recover and correct higher against the US Dollar, similar to bitcoin.…

The Great Crypto Experiment Continues

The crypto community got some mixed messages from DC in 2019. The government went after Libra, fined EOS, filed a lawsuit against Kik, and blocked Telegram from distributing its token. Some members of government were more supportive of crypto – including SEC Commissioner Hester Peirce, who called for a safe harbor for crypto projects, so tokens meeting specified criteria could be traded more freely, enabling a more open crypto ecosystem. As we approach the new decade, this – and other encouraging signals — give me confidence in the long-term viability…

Lessons From the First Digital Gold Boom

With cryptocurrencies having captured everyone’s imagination, we often forget that the digital gold boom of the 2000s was the first digital currency revolution. Jackson’s initial success with e-gold encouraged a swarm of copycats: GoldMoney, eBullion, OSGold, INTGold, Pecunix, 1mdc, and more. These currencies were swapped on hundreds of digital gold exchanges located around the globe. The industry even had its own magazine, DGC Magazine, and trade association, the Global Digital Currency Association. At its peak in 2005, e-gold had around 1.2 million accounts with transactions totalling $1.5 billion. It was…

Meet Crypto’s New Best Friend: Fiat

At VideoCoin, our utility token VID plays an incredibly useful function in securing and powering the network, ensuring the most qualified network operators are serving customer needs. The VID token does not act as a payment mechanism. Instead, it’s a reputational staking mechanism for building the global infrastructure that runs the worker nodes on the VideoCoin Network. Miners are continuously selected by the VideoCoin Network services algorithm as operators to process video files based on three factors: quoted price, number of staked tokens, and performance. This drives the least expensive…

US Health Insurance Giant Piloting Blockchain to Secure Medical Data

Anthem, the second-largest health insurance company in the United States plans to use blockchain technology to secure medical data of all 40 million members over the next three years. On Dec. 12, Forbes reported that Anthem plans to use blockchain technology to give patients secure access to their medical data, while also giving them the possibility to share that data as they see fit. Anthem CEO Gail Boudreaux said at the 8th Annual Forbes Healthcare Summit in New York: “What blockchain potentially gives us the opportunity to do is not…

Hybrid AI Firm Cindicator Launches Crypto Fund Based on Hybrid Intelligence

Hybrid intelligence firm Cindicator is launching Cindicator Capital, a crypto hedge fund based on hybrid intelligence and quantitative research. In a press release on Dec. 11, the company said that this new crypto fund provides access to investment strategies based on hybrid intelligence data as well as quantitative research, which includes data from forecasts and decentralized analysts. Cindicator co-founder and CEO Mike Brusov said: “The Cindicator ecosystem is entering the next level of its development, preparing to start the onboarding of external capital from a fund of funds, family offices,…

Bakkt Launches New Products, CEO Joins Senate

Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project went live with its physically delivered futures, following a series of delays. Meanwhile, the platform’s CEO, Kelly Loeffler, is reportedly going to replace Georgia Senator Johnny Isakson in the U.S. Senate by the end of the year. So what do these new developments mean for Bakkt and the crypto market in general?  What is Bakkt?  Bakkt (pronounced “backed,”…

Uphold and Salt Partner to Bring Liquidity to Millions Using Crypto-Backed Loans

Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral. Uphold’s 1.7 million users can now secure loans through Salt against their holdings in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), and XRP. The integration of the two platforms provides enhanced access to liquidity, enabling users to unlock additional value in their crypto holdings. Robin O’Connell, Uphold’s…

Darknet Marketplace Plans $146M ICO for Global Expansion

Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global.  As Forklog reported on Dec. 11, the token sale is almost certainly illegal — in this case not merely for flouting securities laws or other financial regulations.  “A new era in the West” The operators of the marketplace, known as “Hydra,” have ambitions to roll out their model of anonymized, rogue trading for illicit substances at a massive scale. An investment memorandum, accessible only via dark web browsers like…