Archive | May 12, 2018

Ethereum Price Could Rebound to $700 Later Today if Momentum Remains Solid

Sundays are usually contrarian days in the world of cryptocurrencies. During this time of the week, there is often price momentum which seemingly contradicts everything else for the past week. Today is no different, as all markets are rebounding after a few difficult days. This is a positive development for enthusiasts, although maintaining this momentum […]

China Plays Jekyll & Hyde, After Ban It Will Publish Monthly Crypto Report

China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of over two dozen crypto assets, […]

Bitcoin Price Weekly Analysis – Can BTC/USD Hold $8,000?

Key Points Bitcoin price declined sharply after it failed to move above the $9,500 resistance against the US Dollar. There is a significant bearish trend line forming with resistance at $8,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may rise in the short term, but it is likely… […]

Ethereum Price Weekly Analysis – Can ETH/USD Recover Further?

Key Highlights ETH price declined heavily this past week and moved towards the $640 level against the US Dollar. There is a crucial bearish trend line forming with resistance at $720 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is slowly recovering and is currently facing many hurdles on the upside… […]

Localbitcoins Updates ToS: ‘Some Situations May Require ID’

Just recently reported on traders who exchanged “significant” trade volume using the peer-to-peer platform, Localbitcoins, by receiving warnings to upload their identity before they could proceed trading. Now the Localbitcoins organization has updated its terms of service agreement which comes with a few new guidelines concerning ID verification and data retention. Also read: Markets Update: Cryptocurrencies […]

IOTA tease information of ‘Project Q’ ahead of launch

Distributed ledger technology-based company IOTA is continuing to expand its business with the release of its highly anticipated ‘Project Q’. The project has been the subject of a great deal of speculation and interest in the cryptocurrency community a…

India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now

According to a team of Indian lawyers, the Supreme Court of India refused request for a temporary injunction against restrictions imposed on banks regarding cryptocurrency by the country’s central bank. The Reserve Bank of India (RBI) issued a circular essentially banning crypto services, which will remain in place at least until a formal hearing. Also […]

Kodak’s Token Offering Targeting $50M to Begin on May 21

The Eastman Kodak Co. will conduct a token sale for its long-awaited KODAKCoin beginning May 21. The sale will target accredited investors and aims to raise $50 million for the development of a blockchain platform. The New York-based company has already held a presale in which it raised $10 million from investors. The KODAKCoin will be the […]

Nouriel Roubini Is at It Again, This Time with Ethereum’s Co-Founder

Nouriel ‘Dr. Doom’ Roubini calling cryptocurrency a scam, the mother of all bubbles, and an even bigger bubble than tulip mania (yes, he did) is no longer something new. Roubini has been vocal in his opposition to both Bitcoin, calling it a scam whose intrinsic value is zero; and the blockchain, terming it unnecessary and capable of […]

IBM, Global System set Blockchain Developers Humanitarian Aid Challenge

Global tech giant IBM, through a partnership with anti-poverty campaign movement Global Citizen, is challenging blockchain developers to create a donation tracking program, reports Fortune. IBM’s aim for the project is to encourage philanthropy by tracking the path of donations, from where the money originated to what it was spent on, and who finally received […]

Dispatch Labs CTO Zane Witherspoon Explains How His Platform Created an Innovative Incubator Model

Dispatch is a platform promising zero transaction fees and a speed of tens of thousands of transactions per second (TPS). Is this platform a theoretical pipedream or worth a look? Find out more in this exclusive Merkle interview with Zane Witherspoon, co-founder and CTO of Dispatch Labs. The Merkle: Can you tell us briefly about Dispatch […]