Archive | May 10, 2018

Australia Streamlines Trade as Budget Makes Room for Blockchain

Australia’s Department of Home Affairs (DHA) has proposed a framework to introduce DLT into the country’s international trade and supply chain management, Coindesk has reported. The proposal arrived soon after the national government dedicated USD 700,000 of its 2018-19 budget “for the Digital Transformation Agency to investigate areas where blockchain technology could offer the most […]

Billionaire Investor Says Investing in Bitcoin is Essential, Optimistic in Crypto

Novogratz says that it’s essential for every investor to have a minimum stake in cryptocurrency on the launch of the Bloomberg Galaxy Crypto Index (BGCI). Bitcoin Bull Calls Owning Crypto Essential Maggie Lake hosted Micheal Novogratz CEO and founder of Galaxy Digital Capital Management on CNN’s financial review Markets Now to talk about his partnership with Bloomberg in… […]

Ripple Price Technical Analysis – XRP/USD Tumbled Below Key Support

Key Highlights Ripple price failed to move above the $0.8000 and $0.8100 resistance levels and declined against the US dollar. There is a new connecting bearish trend line forming with resistance at $0.7800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct higher in the short term, but… […]

Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday

In less than a week on May 15, the Bitcoin Cash (BCH) network will be upgrading the base block size from 8MB to 32MB, as well as re-enabling and adding some OP_Codes to the codebase. With just days left there are a few things BCH holders and full node operators should know before the upgrade […]

Ethereum Price Technical Analysis – ETH/USD’s Downside Drift

Key Highlights ETH price failed to move above the $770 resistance and declined sharply against the US Dollar. There is a contracting triangle forming with support at $718 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently at a risk of more losses below the $718 and $700 support levels.… […]

Bitcoin Cash Price Technical Analysis – BCH/USD Trimmed Gains

Key Points Bitcoin cash price failed to move above the $1,650 resistance and declined sharply against the US Dollar. There is a key bearish trend line forming with resistance at $1,640 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to stay above the $1,500 and $1,480 support levels… […]

Bitcoin Price Technical Analysis for 05/11/2018 – Are Bears Ready to Take Over Again?

Bitcoin Price Key Highlights Bitcoin price recently broke below its ascending channel support to signal a downtrend. Price has since pulled back to the broken support and completed the retest. The Fibonacci extension tool shows the next downside targets from here. Bitcoin price seems to be caving to bearish pressure once more as it broke… […]

Asian Cryptocurrency Trading Roundup: 0x the Only Altcoin in the Green

FOMO Moments When crypto markets start to fall they fall fast. The past five days have seen a slow downtrend forming which accelerated in the last few hours. Total market capitalization is once again below $420 billion and falling. Key support for Bitcoin at $9k was broken and it has dropped almost 4% on the… […]