Ripple (XRP) Lacks Momentum Despite BTC & ETH Rally, Can Bulls Make It?

Ripple price is slowly rising and it is now trading above $0.1950 against the US dollar. The price seems to be lacking bullish momentum above the $0.1980 and $0.2000. There is a key bullish trend line forming with support near $0.1950 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is showing positive signs and it is likely to continue higher above the $135 resistance. Ripple price is struggling to clear a few key hurdles against the US Dollar, while bitcoin is rallying. XRP price could…

Ethereum (ETH) Shows Signs of Important Reversal, $150 Imminent?

Ethereum is climbing higher and trading nicely above the $130 level against the US Dollar. The price is likely to continue higher once it surges above the $150 resistance. There is a rising channel forming with support near $133 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is up more than 5% and it is likely to test $8,000 in the near term. Ethereum price is gaining bullish momentum versus the US Dollar, and bitcoin rallied above $7,500. ETH price seems to be following an uptrend and…

This Trader Sees No Value in Ripple and Its Cryptocurrency XRP

Ripple, a company behind XRP cryptocurrency, became a $10 billion blockchain giant after raising $200 million in a funding round earlier this month. But according to one prominent trader, the San Francisco firm has no value. Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, criticized Ripple for sucking value out of the XRP cryptocurrency. The analyst said that Ripple is actively selling millions of dollars worth of XRP tokens to fund its operations. He added that Ripple has a “ridiculous financial advantage” over startups…

Regulatory Issues Need More Clarity in 2020

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. Donna Redel is founder of Strategic 50, a consultancy dedicated women in business, and board member of New York Angels, an independent consortium of over 100 individual accredited angel investors. Having a big idea is great, but pushing forward and implementing it requires sustained attention to detail. Many of us see nearly limitless possibilities for cryptocurrencies and other blockchain applications, but that future will…

Beyond Storage: How Custody Is Evolving to Meet Institutional Needs

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. Diogo Monica is president and co-founder of Anchorage, crypto’s premier custodian for institutional investors.  The last few years have seen the formation of many crypto-focused hedge funds and venture capital funds, whose collective assets under management total in the billions of dollars: institutional investors including Blockchain Capital, BlockTower, Paradigm and Polychain, among others. These funds know the blockchain ecosystem as well as anyone in…

Crypto Needs More Lighthouse Customers

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. Tony Sheng leads consumer venture investments at Multicoin Capital, an investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Disclosure: Multicoin has invested in Tagomi, Bakkt, Torus, and holds MakerDao tokens at the time of publication.  Startups need users but getting users can be difficult if the startup offers something new and unfamiliar to the market. Users need to see how the startup’s product…

Institutional Investment in Crypto: Top 10 Takeaways of 2019

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. Scott Army is the founder and CEO of digital asset manager Vision Hill Group. The following is a summary of the report: “An Institutional Take on the 2019/2020 Digital Asset Market”. No. 1: There’s bitcoin, and then there’s everything else. The industry is currently segmented into two main categories: Bitcoin and everything else. “Everything else” includes: Web3 innovation, Decentralized Finance (“DeFi”), Decentralized Autonomous Organizations,…

Hanukkah Reflections on My Year of Toying With Bitcoin

‘Tis the season for introspection. And this year, my thoughts are on bitcoin.  As Jewish people around the world celebrate Hanukkah this week, inspired by the ancient miracle that a sacred flame lasted for eight days of battle although the oil supply was dangerously low, I’m pondering how the hell I’ll keep experimenting with this technology without burning the metaphorical candle at both ends.  I spent 2019 trying a variety of products and services to test how easy it is to actually use cryptocurrency. I ran a Casa bitcoin-lightning node,…

Bitcoin Weekly Forecast: Is This Right Time To Buy BTC?

There was a nice upward move in bitcoin price from the $6,435 low against the US Dollar. The price is now trading nicely above the $7,000 and $6,960 support levels. There is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points before it starts a fresh increase above the $7,300 resistance. Bitcoin price is now trading in a positive zone above $7,000 against the US Dollar. BTC remains well supported on…