Archive | May 3, 2018

Decentralised Repositories: Rivalry or Synergy?

The ability of the distributed ledger to globally disrupt the existing operating procedures of various branches of the economy is no longer a secret for anybody. One of the most promising fields where the use of the blockchain technology will radically reshape the existing market is the cloud storage. According to Mitch Steves, the development… […]

Crypto Investor Says Goldman Sachs Entering Bitcoin Market is Overhyped

Now that Goldman Sachs has flipped on cryptocurrency and opened the first trading desk by a wall street bank, limited as it may be, the next piece of the puzzle to solve is custody, says Spence Bogart. Goldman’s Desk Will Not Open the Flood Gates The hype this week surrounding Goldman’s move into cryptocurrency has been overwhelming…. […]

How to value cryptocurrencies—in theory, anyway – Quartz

QuartzHow to value cryptocurrencies—in theory, anywayQuartzIn crypto, the network-value to transactions ratio (NVT) is considered the analog. If a cryptocurrency is a medium of exchange, then it should be priced according to the amount of value its use…

Ripple Price Technical Analysis – XRP/USD Could Correct Lower

Key Highlights Ripple price struggled to move above the $0.8900 and $0.9000 resistance levels and moved down against the US dollar. There is a major ascending channel forming with support at $0.8600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.8600 support level to avoid… […]

Reddit Plans to Reinstate Cryptocurrency Payments

After Reddit removed Bitcoin Core (BTC) as a form of payment for premium membership services this past March, the company seems to be planning to reinstate the digital asset soon. On Thursday, May 3 in an interview with Cheddar, the company’s chief technology officer (CTO), Chris Slowe, revealed it will be adding BTC again and […]

Asian Cryptocurrency Trading Update: Nano Lifted on Binance Giveaway

FOMO Moments As we end the week crypto markets are still looking bullish and most coins are on the way up. Total market capitalization is now over $450 billion and Bitcoin has made more gains overnight. Currently trading at $9,600 BTC is up 3.8% on the day and is approaching key resistance near the $10k… […]

Ethereum Price Technical Analysis – ETH/USD Skyrockets above $780

Key Highlights ETH price jumped higher sharply and moved above the $780 resistance level against the US Dollar. There is an ascending channel forming with support at $760 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a solid uptrend, and any downsides are likely to find support around $756… […]

Bitcoin Price Technical Analysis for 05/04/2018 – Long-Term Double Bottom

Bitcoin Price Key Highlights Bitcoin price appears to be gaining traction on its climb as it approaches a key resistance. A break past the $10,000 barrier could complete the creation of a double bottom reversal pattern. Rallying past the neckline of the formation could lead to an uptrend of the same height. Bitcoin price is… […]