Bitcoin Price Watch: BTC Approaching Next Significant Break
Jan16

Bitcoin Price Watch: BTC Approaching Next Significant Break

Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar. There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may soon make the next move either above $3,650 or below $3,540 in the near term. Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could...

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Tron [TRX] and its affiliates added to popular exchanges as market roller coaster continues
Jan16

Tron [TRX] and its affiliates added to popular exchanges as market roller coaster continues

Tron [TRX]’s surge in the new year has created ripples in the cryptocurrency world with several updates and developments coming out of the Tron Foundation’s stables. The announcements have generally come in from the Foundation’s Chief Executive Officer, Justin Sun. The Tron official has been instrumental in propagating the cryptocurrency, a role that he has carried forward in his latest reveal too. On January 15, Justin Sun announced...

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How Indian Cryptocurrency Users Avoid Banks Closing Their Accounts
Jan16

How Indian Cryptocurrency Users Avoid Banks Closing Their Accounts

Banks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the crypto banking ban imposed by the country’s central bank. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations...

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Ripple Price Analysis: XRP at Potentially Key Turning Point
Jan16

Ripple Price Analysis: XRP at Potentially Key Turning Point

Ripple price traded to a new weekly high at $0.3384 and later corrected lower against the US dollar. There was a break below a key bullish trend line with support at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must trade above $0.3260 and the 100 hourly simple moving average to gain traction. Ripple price is showing a few bearish signs against the US Dollar and Bitcoin. XRP/USD must stay above...

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Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay
Jan15

Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay

ETH price trimmed most its recent gains and declined below the $121 support area against the US Dollar. There was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD (data feed via Kraken). The pair still remains supported on the downside above the $113 and $114 levels. Ethereum price declined against the US Dollar and bitcoin after the Constantinople hard fork was postponed. However,...

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Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’
Jan15

Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.  Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It ‘A New Monetary System’ President Nicolas Maduro introduced a “new monetary system” on Jan. 14 which included another...

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Tron [TRX/USD] Technical Analysis: Booming asset takes a break fighting the bears
Jan15

Tron [TRX/USD] Technical Analysis: Booming asset takes a break fighting the bears

Tron, the ninth-largest cryptocurrency has been performing better than every other cryptocurrency even in the brutal bear market. The price of TRX, at the time of writing, was at $0.0252 with a market cap of $1.68 billion. The 24-hour trade volume for Tron is $313 million and most of it is contributed by Korean exchange, Upbit via trade pair TRX/KRW. Upbit contributes a total of 13.17%. Following it is Binance which contributes a...

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ABCC Exchange Partners With Tron to Become First Platform to List TRC10 Tokens
Jan15

ABCC Exchange Partners With Tron to Become First Platform to List TRC10 Tokens

ABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens. ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron’s founder and CEO Justin Sun subsequently confirmed the news on Twitter. As per the announcement, the partnership has made ABCC the first crypto exchange to list tokens based on Tron’s TRC10...

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Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities
Jan15

Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities

Newly launched Belarus-based platform will allow traders to buy shares and other traditional assets with digital currencies. Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15. The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet...

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Cashshuffle Developer Says Privacy Project Nears Completion
Jan15

Cashshuffle Developer Says Privacy Project Nears Completion

One of the Cashshuffle development team contributors, Josh Ellithorpe, revealed on Jan. 14 that the BCH-focused privacy shuffling protocol is near completion. The developers are planning to run a security audit on the code and have launched a fundraiser on the Bitbacker.io platform to help secure funding for the audit. Also read: Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018 Cashshuffle Crowdfunds...

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Cryptocurrency trading platforms will be inspected by Bulgarian National Revenue Agency
Jan15

Cryptocurrency trading platforms will be inspected by Bulgarian National Revenue Agency

In Bulgaria, the National Revenue Agency is preparing to conducts inspections on cryptocurrency trading platforms along with their customers. The aim of the authority is to keep in check that both the parties are fulfilling the obligations under the country’s tax and security laws, reported Bitcoin News. According to the publication, an official announcement read that nine companies are under the radar of the authority for this...

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Spanish Energy Firm Repsol Claims Blockchain Can Help It Save 400,000 Euro per Year
Jan15

Spanish Energy Firm Repsol Claims Blockchain Can Help It Save 400,000 Euro per Year

Major Spanish energy firm Repsol has started using blockchain to improve the safety certification process of its petrochemical products. Madrid-based energy company Repsol reported a successful test of a blockchain pilot to improve the quality of safety certification of its products. Cointelegraph in Spanish reported the news on Jan. 15. Established in 1987, Repsol is a leading energy company that operates in the oil and gas industry,...

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Bitcoin Hovers Just Above $3,600 as Crypto Markets See Another Slump
Jan15

Bitcoin Hovers Just Above $3,600 as Crypto Markets See Another Slump

Cryptocurrencies are declining again, after yesterday’s brief recovery attempt. Tuesday, Jan. 15 — following a brief period of recovery yesterday, all of the top 20 cryptocurrencies by market capitalization are falling again. The only exception to this are two stablecoins Tether (USDT) and USD Coin (USDC), which are currently in the green. Market visualization from Coin360 As of press time, Bitcoin (BTC) is down 2.34 percent on the...

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Bitcoin SV [BSV] Technical Analysis: Bears looking to maul BSV
Jan15

Bitcoin SV [BSV] Technical Analysis: Bears looking to maul BSV

It has been two months since the Bitcoin Cash hardfork which resulted in Bitcoin SV breaking off from the fourth-most prominent cryptocurrency. Since its introductions, Bitcoin SV has been in decline, mirroring the rest of the market bearing the repercussions of the November hardfork. Buoyed by the collective market increase, Bitcoin SV is trading in green, which looks to be short-lived given the market movement. Bit-Z holds the...

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European Banking Regulators Call for Unity in Crypto Regulations
Jan15

European Banking Regulators Call for Unity in Crypto Regulations

Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent. The EBA Calls for Pan-EU Crypto Regulations On January 9, 2019, the European Banking Authority (EBA) published its assessment of crypto laws. The document, which examines the sustainability of EU laws to cryptocurrencies, analyzed...

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