Archive | August 9, 2017

Russia’s Internet Ombudsman takes on China’s Bitcoin mining industry

A Russian Government-linked startup named RMC One published a presentation on Tuesday that describes an upcoming Initial Coin Offering (ICO). The organization is looking to raise US$100 million to become a leading cryptocurrency mining hardware manufacturer.Formally referring to themselves as the ‘Russian Mining Company,’ RMC One was founded by Dmitry Marinichev, better known as Russia’s Internet Ombudsman, the […]

Crypto vs VISA – Can Denarius Compete When it Comes to Transactions Per Second?

Bitcoin and blockchain technology may give us some insight into the future of payment processing but it sure has a long way to go. VISA handles on average around 2,000 transactions per second (tps) and peaks around 4,000 tps during high shopping periods. This is just a fraction of their capacity, which is said to […]

Buoyant bitcoin stirs crypto-bubble fears – Reuters

ReutersBuoyant bitcoin stirs crypto-bubble fearsReutersLONDON (Reuters) – Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of …Fun Coincidence: Bitcoin Hits $3136 Per Token on Its […]

Ethereum Price Technical Analysis – ETH/USD False Downside Break?

Key Highlights ETH price corrected lower after trading as high as $313.62 against the US Dollar. There was a false break noted below a bullish trend line with support at $290 on the hourly chart of ETH/USD (data feed via SimpleFX). There pair is back above the bullish trend line, but struggling to move above […]

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Ether Price Analysis: All Signs Point Onward and Upward

In case you hadn’t noticed, ETH-USD markets have been on a very strong bull run for the past week. In a matter of five days, ETH-USD managed to increase by $100 — nearly a 50 percent market value increase — with very little pullback or consolidation. After ETH-USD’s multi-week-long bear run from $420 to the […]