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Tezos Co-Founder Sanctioned By US Financial Watchdog

Arthur Breitman, co-founder of cryptocurrency project Tezos, has been barred by FINRA from any association with broker-dealers for two years.

Arthur Breitman, co-founder of cryptocurrency project Tezos, has been barred by FINRA from any association with broker-dealers for two years.

Cardano Price Technical Analysis – ADA/USD Accelerating Higher

Key Highlights ADA price gained upside momentum and settled above $0.2600 against the US Dollar (tethered). There is a rising channel forming with support around the $0.2650 level on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains in a strong uptrend and it could accelerate above the $0.3000 level

The post Cardano Price Technical Analysis – ADA/USD Accelerating Higher appeared first on NewsBTC.

Key Highlights

  • ADA price gained upside momentum and settled above $0.2600 against the US Dollar (tethered).
  • There is a rising channel forming with support around the $0.2650 level on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair remains in a strong uptrend and it could accelerate above the $0.3000 level in the near term.

Cardano price accelerated gains against the US Dollar and Bitcoin. ADA/USD is now following a bullish path for a test of the $0.3000 level.

Cardano Price Upside Move

There was a major upside move initiated from the $0.2100 support in ADA price against the US Dollar. The price gained upside momentum and it was able to trade above the $0.2400 and $0.2600 resistance levels. It also moved above the $0.2800 level and formed a new monthly high at $0.2832. At the moment, the price is correcting lower and is trading below the $0.2800 level.

Recently, the price tested the 38.2% Fib retracement level of the last leg from the $0.2148 swing low to $0.2832 high. It seems like the downside move would be limited since there is a major support around the $0.2600 level. There is also a rising channel forming with support around the $0.2650 level on the hourly chart of the ADA/USD pair. Below the trend line support, the 50% Fib retracement level of the last leg from the $0.2148 swing low to $0.2832 high is at $0.2620. Therefore, the price remains well supported on the downside above the $0.2600 level.

Cardano Price Technical Analysis ADA USD

The chart indicates a clear uptrend above the $0.2500 level and the 100 hourly simple moving average. On the upside, a break above the $0.2800-0.2820 zone could open the doors for a push towards $0.3000. Lastly, above $0.3000, the price may perhaps test the $0.3200 level.

Hourly MACD – The MACD for ADA/USD is in the bullish zone.

Hourly RSI – The RSI for ADA/USD recently tested the 50 level and moved north.

Major Support Level – $0.2650

Major Resistance Level – $0.2820

The post Cardano Price Technical Analysis – ADA/USD Accelerating Higher appeared first on NewsBTC.

Vitalik Buterin has no Multi-Year Plan for Ethereum and That’s OK

In the world of cryptocurrency, having a long-term vision is of the utmost importance. Where Vitalik Buterin is concerned, that vision is not necessarily present. In a recent interview, it became clear the “face of Ethereum” has no plans for this project other than a few months ahead at a time. So far, this hasn’t

The post Vitalik Buterin has no Multi-Year Plan for Ethereum and That’s OK appeared first on NewsBTC.

In the world of cryptocurrency, having a long-term vision is of the utmost importance. Where Vitalik Buterin is concerned, that vision is not necessarily present. In a recent interview, it became clear the “face of Ethereum” has no plans for this project other than a few months ahead at a time. So far, this hasn’t hindered the project’s chance of success.

Vitalik Buterin Isn’t a Big Planner

One can easily argue there is no need for a multi-year plan in cryptocurrency. As this industry is still evolving out of its infancy, things tend to change quite a bit. Setting hard deadlines often does not work and only causes more stress. Even so, having a general idea of where to take Ethereum in the next five to ten years should be a minimum requirement. Vitalik Buterin doesn’t have that vision, as he explains:

“Ethereum got big. It just so happened that Ethereum evolved without, I guess, other figures quite as large as myself.I have no idea where I’d like to be years from now. I generally don’t plan more than three months ahead, let alone five years.”

Despite this absence of a long-term vision, Ethereum seems to be maturing on its own. Vitalik Buterin is not the only person working on the code. A growing team of developers is polishing code, adding new features, and making suggestions. None of those individuals are in the spotlight as much as Buterin, though. As such, anything he says and does will be scrutinized, which is only to be expected.

Not in it for the Money

Most people would assume Buterin is another developer doing it for the money. Those who know him a bit better know that is the exact opposite of his persona. He couldn’t care less about those who made millions off the back of other people’s coding work. Ethereum has never been a career plan for Buterin, but that is not a bad thing per se. When talking about those who struck it rich with cryptocurrency, he jokingly adds:

“It’s the luck of the draw, where everyone who won the draw seems to feel like they deserved it for being smarter. I was loyal and I was virtuous and I held through and therefore I deserve to have my five mansions and 23 lambos!”

While some people may criticize this lack of long-term vision, it seems to be nothing to be concerned about. Together with the other enthusiasts, Vitalik Buterin will continue to focus on this project for quite some time to come. Ethereum is close to entering its next stage of evolution. A switch to proof-of-stake is imminent. There may even be a hard supply cap in the future, albeit that is not officially confirmed.

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