Ripple (XRP) Struggles While Bitcoin & Ethereum Reverse Sharply

Ripple price is currently correcting higher from the $0.1741 low against the US dollar. It seems like the bulls are struggling to clear the $0.2000 resistance area. Yesterday’s highlighted major bearish trend line is active with resistance near $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken). Bitcoin rallied more than 10% and Ethereum is showing reversal signs above $125. Ripple price is struggling to gain bullish momentum against the US Dollar, while BTC and ETH are reversing. XRP price might continue to struggle near $0.2000…

Ethereum (ETH) Reversal On Cards, Bitcoin Pump Warning Went Well

Ethereum is up more than 8% from the recent low of $115 against the US Dollar. The price is showing signs of a trend reversal, but it must surpass $135. Earlier, there was a break above a connecting bearish trend line with resistance near $122 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin rallied more than 10% and reversed most its losses from well above $7,000. Ethereum price is moving into the positive zone versus the US Dollar, while bitcoin already reclaimed $7,000. ETH price is likely…

Whiplash: Bitcoin Slides Below $6,500, Surges Above $7,100 in 8-Hour Span

Bitcoin traders might need a neck brace right now. That’s because the price of the cryptocurrency took a sharp U-turn in the course of trading on Wednesday. The day started quite dreary for HODLers. Candlesticks slowly and solemnly strode across the bitcoin chart in the upper half of the $6,000 range for much of the early morning hours. Then, at precisely 7:51 a.m. ET, as New York traders were sitting on their desks and sugaring their coffees, another selloff began. On Binance, the largest BTC market, 1,000 bitcoins changed hands…

Presenting CoinDesk’s Most Influential 2019

One of the great things about reporting on the blockchain/crypto industry is the infinite variety of interesting, smart people doing bold, crazy things. From daring entrepreneurs and builders, to inspired thinkers and communicators, this space has no shortage of colorful characters pushing the envelope. It’s in this spirit that we present this year’s Most Influential, a selection of people who did exceptional things in 2019. Whether it was Caitlin Long establishing Wyoming as the “blockchain state,” or Rune Christensen corralling MakerDAO, or David Marcus launching Libra, these people made an…

‘Stacking Sats’ vs. ‘ETH Is Money’ – The Memes That Shaped 2019

From “digital gold” to “stacking sats” to “ETH is money,” 2019 was a year of narrative battlegrounds and meme warfare. And when every narrative is competing for scarce resources and attention, things are sure to get contentious. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Author: Nathaniel Whittemore Source link

The Year of the Patient Builder and the Persistent Bully

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Trent Larson is a software developer in the blockchain industry. These opinions are his and do not necessarily reflect the views of his employer or family. (However, there are many humans who do share these opinions.) 2019 was the year of The Patient Builder and The Persistent Bully. After the exuberance of 2017 with bitcoins selling for nearly $20,000, businesses and ICOs came out…

It’s Not Just the Money, It’s the People in Bitcoin: Anil Lulla

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Anil Lulla is a co-founder of Delphi Digital, a research and consulting boutique specializing in digital assets. Anil Lulla co-founded Delphi Digital in mid-2018 with four friends he met while working at Bloomberg and Deutsche Bank. Their idea: to provide credible, actionable research for an industry populated by noisy clout-chasers and ensnaring scammers.  “When I left my job, my managing director literally didn’t understand…

SEC Proposal Would Broaden ‘Accredited Investor’ Definition

The U.S. Securities and Exchange Commission (SEC) wants to allow more individuals and entities to invest in regulated financial instruments. According to a press release issued Wednesday, the SEC intends to add a list of new qualifications to become an accredited investor. At present, accredited investors are defined as individuals with more than $1 million in net worth (or who earn more than $200,000 per year), an organization with more than $5 million in assets, banks and institutions which meet certain legal definitions or entities that match certain other restricted…

‘TurboTax’ for Crypto: Accounting Firm Lukka Debuts Tax Tool for Retail Investors

Lukka, one of the first accounting firms for digital assets, is offering a TurboTax-like service to retail crypto investors starting on Jan. 15.  The move, announced Wednesday, comes after the U.S. Internal Revenue Service (IRS) issued updated guidance for calculating taxes on cryptocurrencies in October. The last time the IRS issued such guidance was in 2014, when the crypto market was less complex and fewer taxpayers held the assets.  “One of the first questions on the IRS’s tax form is whether you have crypto assets,” Lukka CEO Jake Benson told CoinDesk.…

MARKETS DAILY: Crypto Bears Circle While Hackers Rethink Their Malware Strategy

The bears are running as bitcoin brushes against $6,500 while cryptomining malware falls in popularity. This is CoinDesk Markets Daily, a podcast featuring Adam B. Levine and Brad Keoun. More ways to Listen or Subscribe (MP3 Download Here) Adam B. Levine: On Today’s episode, we’re talking crypto market downdrafts, Decentralized, or Blockchain Application usage, and Canaan’s post-IPO blues. It’s December 18, 2019, and you’re listening to Markets Daily, I’m Adam B. Levine, editor of Podcasts here At Coindesk, along with our senior markets reporter, Brad Keoun, to give you a…