Archive | April 9, 2018

The Rockefellers Are the Next Big Name Investing in Crypto

The Rockefeller family are following in the recent footsteps of George Soros and the Rothschilds, becoming the latest financial industry giant to enter the cryptocurrency market. News outlets reported today that the official venture-capital arm of the Rockefeller family’s assets known as Venrock has signed a partnership with Coinfund, financially backing the virtual tokens and blockchain […]

Nano Foundation Offers Support in Lawsuit over BitGrail XRB Hack

A US law firm has issued a class action lawsuit on behalf of Nano investors. The blockchain project formerly known as RaiBlocks has been in hot water over practices it employed in pushing XRB to a wider audience during a re-branding earlier this year. Reckless Decision to Use BitGrail The Silver Miller suit alleges that… […]

Ripple Price Technical Analysis – Can XRP/USD Bounce Back?

Key Highlights Ripple price failed to hold gains above the $0.5000 level and declined against the US dollar. Yesterday’s highlighted important bullish trend line with support at $0.5020 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently holding the $0.4750 support, which is a positive sign… […]

Ethereum Price Technical Analysis – Can ETH/USD Recover Again?

Key Highlights ETH price failed to move further above $433 and started a downside move against the US Dollar. Yesterday’s highlighted major bullish trend line with support at $404 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently holding the $385 level and the 100 hourly simple moving… […]

Asian Cryptocurrency Trading Roundup: Top is Altcoin Verge

FOMO Moments In what is becoming a regular pattern this year the short crypto rally did not last long. Looking at the charts it appears that a whale dumped a load of Bitcoin yesterday causing its price to plummet over $350 in an hour. Either that or traders fell for another attack of media FUD… […]

Bitcoin Price Technical Analysis for 04/10/2018 – Just Waiting for a Breakout

Bitcoin Price Key Highlights Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle consolidation pattern on its 1-hour chart. Price is currently testing support and a bounce might take it up to the resistance near $7000. A break lower, on the other hand, could lead to a selloff of the same… […]

How exchange listings affect cryptocurrency prices

As with IPOs in the equity markets, a token getting a listing on a major crypto-exchange and the hype building up to it can generate a lot of interest as well as value in an asset. Here we’ll look at how some of the main exchanges affect prices of thei…

Bitcoin Cash Price Technical Analysis – BCH/USD Made U-Turn

Key Points Bitcoin cash price failed to break the $680 resistance and declined sharply against the US Dollar. Yesterday’s highlighted key bullish trend line with support at $662 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now well below the $650 support and is just below… […]

Goldman Sachs Loses Another High Level Exec to Crypto

The trend of high-level executives leaving wall street for the cryptocurrency market continues as Mike Novogratz has lured former Goldman Sachs executive Richard Kim to become chief operating officer at his merchant bank, Galaxy Digital, according to CNBC. Execs Continue to Walk Away From Wall Street Kim, who’s professional profile on LinkedIn states that he was formerly… […]

Bitcoin would be a calamity, not an economy – MIT Technology Review

MIT Technology ReviewBitcoin would be a calamity, not an economyMIT Technology ReviewEarlier this year, jack Dorsey, cofounder of Twitter and CEO of Square, declared that Bitcoin would become the world’s “single currency” within a decade. What was striking about Dorsey’s comment wasn’t just the audacious prediction but also the notion …and more »