Archive | March 12, 2018

Services Bridging Cryptocurrencies and Investors Are Emerging

In the week starting Monday, March 5, some topical services emerged to bridge cryptocurrencies and investors. The first service is that the U.S. company Coinbase has announced that it will develop and launch its own cryptocurrency index fund with a large market capitalization. Coinbase will list this cryptocurrency index fund on its own digital currency […]

Bitcoin climbs back above $9000 – MarketWatch

Bitcoin climbs back above $9000MarketWatchThe price for bitcoin moved back above $9,000 on Tuesday, taking along other cryptocurrencies for the ride, in a bid to shed the weakness seen at the start of the week. Bitcoin’s gains come as global equities moved higher, with U.S. stock futures on …

Ripple Price Technical Analysis – XRP/USD Holding $0.75 Support

Key Highlights Ripple price is holding a major support area near $0.7500 against the US dollar. There is a monster contracting triangle pattern forming with support near $0.7600 on the hourly chart of the XRP/USD pair (data source from Kraken). On the upside, the pair is facing a major resistance near the $0.8000 resistance and […]

PetroDollar to be Next Oil Backed Cryptocurrency

Another oil backed cryptocurrency is getting set to launch it’s ICO in 2018, this time by a New York capital management group calling this new ground in commodities investment. Commodities Backed PetroDollar Launches in 2018 Signal Capital Management announced the launch of their PetroDollar cryptocurrency (XPD) on March 12. Saying PetroDollars will allow investors to use […]

Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32% – Bitcoin News (press release)

Bitcoin News (press release)Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%Bitcoin News (press release)Merrick Okamoto, Marathon’s Interim Chief Executive Officer and Chairman of the Board of Directors, stated, “Today’s announcement represents a milestone for the Company. I’d like to thank everyone that worked so hard to make this day a reality for our …Marathon […]

Ethereum Price Technical Analysis – ETH/USD Struggling Near 100 SMA

Key Highlights ETH price is trading in a range above the $680 support level against the US Dollar. There is a contracting triangle forming with current support at $684 on the hourly chart of ETH/USD (data feed via Kraken). The pair is facing a crucial resistance on the upside near the $730 level and the […]

Exchanges Charge Crypto Startups Upwards of $1 Million to List ICOs

According to unnamed sources in the industry, cryptocurrency exchanges are charging between $50,000 to $1 million to list initial coin offerings (ICOs) on their platforms — as reported by Business Insider. As one might expect, many of those who spoke to BI were unable to name the specific exchanges they have dealt with. Exchanges wield […]

Bitcoin Price Technical Analysis for 03/13/2018 – Next Downside Targets

Bitcoin Price Key Highlights Bitcoin price seems to be having trouble making its way above the broken neckline of the double top. This signals that bears are still very strong and could push price back down to the swing low or extension levels. Technical indicators are also reflecting a slowdown in bullish pressure. Bitcoin price […]

Japan’s Third-Largest Electric Provider Is Testing Bitcoin On Lightning – CoinDesk

CoinDeskJapan’s Third-Largest Electric Provider Is Testing Bitcoin On LightningCoinDeskJapan’s third-largest electricity provider is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. Revealed exclusively to CoinDesk, Chubu Electric Power Co. has entered into a proof-of-concept …