A Strong Uptrend Forming For Ethereum, Here Are Key Bullish Targets

Ethereum is up around 5% and trading above key hurdles near $140 versus the US Dollar. Bitcoin and ripple surged 5% and 12% respectively, opening the doors for another increase in ETH. Ether price is now trading above the key $140 and $142 resistance levels against the US Dollar. BTC rallied recently and tested the $8,000 resistance area. There is a major bullish trend line forming with support near $138 on the hourly chart of ETH/USD (data feed via Kraken). ETH seems to be eyeing more upsides above the $145…

Bitcoin Price Rallies 5.5% to $8K – Is $8.2K the Next Stop?

On Monday during the U.S. evening trading session, Bitcoin (BTC) price continued its rally from $7,358 and at the time of writing the price pushed as high as $8,000. For the past week, traders have been closely watching to see if Bitcoin could flip $7,450 from a resistance to support and many suggested that sustained move above $7,600 would open the door for a shot at the $8,000 to $8,200 range.  The 4-hour close above $7,600 pulled the price above the 50-day moving average (MA) and provided bulls with enough…

Bitcoin Climbs as Tether Gets $500M Injection in 5 Minutes

Bitcoin’s price jumped $200 in an hour and a half on Monday, rising to a 30-day high of $7,800. The world’s largest cryptocurrency by market capitalization climbed after the stablecoin tether (USDT) saw a major boost in market value. The 5 percent rise in bitcoin’s (BTC) price was preceded by a $500 million increase in USDT’s market capitalization, from around $4.14 billion at 20:49 UTC to $4.65 billion at 20:54 UTC. Tether’s treasury website currently reads a value of $4,776,470,463.76 in total market cap, reflecting the sudden surge in its…

‘Pro-Bitcoin’ Telegram Group Enters Read-Only Mode, Group Contributor Says Reason Unclear

On Jan. 3 a “pro-Bitcoin” news outlet called “Nakamoto” launched with the stated intention of letting industry thought leaders share positive content about cryptocurrencies. According to the about section of the Nakamoto website, the platform was launched “to create a venue for quality technical, philosophical, and cultural writing that is of general interest to the crypto community as a whole, for beginners and experts alike.” The news site also mentions that “all Nakamoto contributors share one non-negotiable value: they must be pro-Bitcoin (BTC) for the long-term.” While this may be the…

Taking the TON Out of Telegram

Last week, the US government took out a key Iranian military leader. As the world – and the markets – reacts to the news, some are asking what happens with bitcoin. With global instability on the rise, will more people turn to bitcoin as a safe haven asset? Will speculators drive the price up on that narrative even if it doesn’t bear out in reality? If Iranians use crypto, will that draw the attention and ire of regulators?  In a different area of the industry, Telegram has released updated information…

Bitcoin as a Safe Haven? US-Iran Tensions Rekindle Debate

Bitcoin’s recent price jump after the U.S. killing of a top Iranian general has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.  The cryptocurrency changed hands around $7,500 on Monday, up about 10 percent since Iran’s top general, Qassem Soleimani, was killed in a lethal drone strike authorized by U.S. President Donald Trump. U.S. stocks fell on the news as investors worried the conflict between the two nations might escalate into a prolonged and…

US State of Virginia Legislature Looks to Blockchain for Elections

In the United States, Virginia’s state legislature looks to study blockchain to improve elections and voting. Prefiled on Dec. 27 and scheduled for offering on Jan. 8, a new bill requesting further study into blockchain-based elections has emerged in Virginia’s General Assembly. The bill, House Joint Resolution 23, asks the Department of Elections to determine whether blockchain technology should be considered to secure voter records and election results. What the bill could mean for Virginia’s elections The bill’s patron is state delegate and cybersecurity specialist Hala Ayala (D-51). It is…

Join CoinDesk at CES This Week

CoinDesk is on the floor of the biggest tech show in the world! Join us on Jan. 8 for an evening of brews, bitcoin and blockchain. The event will be held at G.O.A.T. Sports Bar in Las Vegas and starts at 6 p.m. on Jan. 8. We’ll close up at around 8 p.m. but we’ll be around to chat after the event. There is no formal agenda, just some networking. The G.O.A.T. is at 3805 West Sahara Avenue. If you’d like to join us please RSVP below. We’re also looking…

Baidu Adds Service to Help Developers, Small Businesses Build Dapps

Chinese internet giant Baidu launched on Monday a blockchain-based service for developers and small and medium-sized businesses to build decentralized applications, or dapps.  The new service, translated from the Chinese as Open Network, will enable users to develop and deploy applications without building their own blockchain platforms, according to a Chinese media report by STCN, a state-owned daily newspaper.  It is part of Baidu’s enterprise blockchain network Xuperchain and aims to attract smaller users with lower cost and technological barriers.  The move also fits into the Chinese government’s embrace of…

Bitcoin News Summary – January 6, 2020

   The 3rd of January marks the 11th anniversary of the “genesis block,” the first-ever Bitcoin block mined by Satoshi Nakomoto in 2009. Bitcoin shows no signs of slowing down as it ages, with hashrate surging to new highs at the start of 2020. Over 2019, Bitcoin transferred a total of $673 billion in value. Did you withdraw all your coins from crypto exchanges on Friday? If so, congratulations on participating in the annual Proof of Keys event, designed to keep exchanges honest. If you experienced an unexpected delay…