Ethereum Hesitates But Further Losses Seem Likely: Key Levels To Watch

Ethereum is down more than 10% from the 2020 high against the US Dollar, similar to bitcoin. ETH price is likely to test the $148 support area before a fresh increase. ETH price is currently correcting lower from the $179 swing high against the US Dollar. The price is showing a few bearish signs and it might decline below the $158 support. There is a major contracting triangle forming with support near $158 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either rally again above…

The Holy Grail for DApps Moving Beyond Buzzword Status

Decentralized apps (DApp) continue to be a major focus point for developers in the crypto space. However, 2019 ended with DApps still far off from reaching their much-touted potential of being the “future of the internet.” DApp projects in 2019 continued to suffer from their usual issues like poor user retention and the difficulties of navigating user interfaces (UI), among others. While some projects boast market capitalizations north of $100 million, they fail to attract more than a handful of daily users. In the early weeks of 2020, some analytics…

Altcoins on Track to Plunge By 10%, Yet This Crypto Could Rally Higher

Over the past month, altcoins have finally started to break higher, reversing the Bitcoin-centric trend seen in the crypto market throughout all of 2019. In fact, the BTC dominance metric has dropped to 66% over the past week, with digital assets like Ethereum, XRP, and Litecoin starting to outpace the market leader. Related Reading: XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How According to a prominent cryptocurrency trader, the time for altcoins to outperform Bitcoin is likely up, looking to a number of bearish chart formations. Altcoin…

A Stronger Foundation for Bitcoin ETF Applications

One of the recurring themes in the digital asset markets across 2018 and 2019 has been the failure of multiple Bitcoin (BTC) exchange-traded fund (ETF) applications to gain the approval of the United States Securities and Exchange Commission. Each new application was met with anticipation, only to be dismissed for the same reason: concern over how the ETF would derive its price, whether this price could be manipulated, and if the listing exchange could adequately meet section 6(b)(5) of the Exchange Act. This section states, in part, that: “The rules…

Crypto Analyst Says IPO Could Be Game-Changing for Ripple: Here’s How

This week, Brad Garlinghouse — chief executive of Ripple Labs in San Francisco — made a massive announcement at a Wall Street Journal event in Davos, Switzerland at the World Economic Forum. The industry executive told a crowd at the event that he intends to bring Ripple public in the coming years, adding that he expects for there to be a number of crypto- and blockchain-related IPOs in the coming 12 months. “In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the…

Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion

The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike. The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth Anti-Money Laundering Directive, or 5AMLD, was signed into law. The law is the latest evolution of the EU’s response to the Panama Papers scandal, in which a leak of over 11 million documents uncovered…

Greatest Promise Is to Transform the Developing World

The biggest topic in the mobile industry over the last few years has been 5G. In an industry that has been starved for innovation in this interregnum between the launch of the iPhone and the full-scale integration of next-generation technologies like augmented reality, artificial intelligence and blockchain, the introduction of the 5G network has become a sort of catch-all for carriers and handset manufacturers to lean on as the promise of the future of innovation being just around the corner — a feature worth paying a premium for and upgrading…

Litecoin Creator Proposes Miners Voluntarily Donate 1% for Development

Litecoin (LTC) founder Charlie Lee proposed mining pool donations as a new funding method for cryptocurrency development.   “I think a better way to fund development is mining pools voluntarily donate a portion of the block reward,” Lee said in a tweet on Jan. 24, adding: “How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!” With 1% donated on a consistent basis, Lee’s suggested solution would provide enough funding for Litecoin permanently going…

CV Summit United Blockchain Leaders and Enthusiasts in Davos

If you wanted to go deep on blockchain at the World Economic Forum, you needed to attend the conference’s side events. Perhaps the largest of these crypto-friendly events was CV Summit, an all-day conference organized by CV Labs. The Switzerland-based organization (operated by CV VC) endeavors to offer crypto entrepreneurs whatever resources they need to succeed, from fundraising help to coworking space. On Thursday, January 23, that meant offering a full agenda of speakers and panel presentations to crypto-hungry Davos attendees. The docket was loaded with speeches by high-profile crypto…

Could Ethereum Hit $1 Trillion? Analyst Says Over 1,000% Rally Possible

While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today.  Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20% Despite this jaw-dropping gain in and of itself, investors in the cryptocurrency believe it will go higher. So much higher than one analyst laid out a case for the cryptocurrency’s value to surge to $1 trillion, 13 digits. For some…