Archive | May 15, 2018

A company that sold 300000 bitcoin mining rigs last year is seeking the largest crypto IPO ever – Quartz

QuartzA company that sold 300000 bitcoin mining rigs last year is seeking the largest crypto IPO everQuartzDuring the gold rush of the 18th century, many made their fortunes by selling unglamorous supplies like pickaxes and wheelbarrows to miners. In today’s digital gold rush, supplying equipment to bitcoin miners is where the money’s at. Canaan Creative […]

HTC Announces New Blockchain Powered Smartphone

Taiwanese smartphone maker HTC will introduce their first Blockchain phone to the market in October, the device will be available for purchase with Bitcoin. HTC First Major Blockchain Powered Smart Phone HTC has become the first major producer of smartphones to bring a product to market with dedicated blockchain encryption. The Taiwanese company announced at the… […]

Ripple Price Analysis: XRP/USD Turned Short-term Bearish

Key Highlights Ripple price failed to move above the $0.7500 resistance area and declined against the US dollar. There was a break below this week’s ascending channel with support at $0.7200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair declined below the $0.7000 support and moved back in a… […]

NEO Price Watch: How Low Can It Go?

NEO has been trending lower since breaking below a rising trend line and complex double top. Price has completed its retest of these areas of interest and is setting its sights on the next support zones. The Fibonacci extension tool shows where NEO might head next, with the 38.2% level lining up with the swing… […]

Ethereum Price Analysis: ETH/USD Nosedives Below $690

Key Highlights ETH price started a sharp downside move and traded below the $700 and $690 supports against the US Dollar. This week’s highlighted key bullish trend line with support at $725 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now back in a short-term bearish zone and… […]

Asian Cryptocurrency Trading Update: Aeternity Defies the Crypto Crash

FOMO Moments As if a digital switch has been flipped all cryptocurrencies are plummeting this morning. Markets have hemorrhaged $30 billion in less than 24 hours, dropping below $375 billion, and Bitcoin has led the freefall by shedding almost 6%. BTC is heading dangerously close to the $8k support level, currently trading at $8,240. All… […]

Bitcoin Price Watch: Weak Support Zone Just Close By

Bitcoin Price Key Highlights Bitcoin price continues to slide and is cruising inside a descending channel on the 1-hour chart. Price is approaching the bottom of this channel but it might not be strong enough to keep losses at bay. Oscillators are hinting at a bounce but moving averages suggest a break. Bitcoin price could… […]

Bitcoin Cash Price Analysis: BCH/USD Tumbled Below $1,300

Key Points Bitcoin cash price was not able to move above $1,480-1,500 and declined sharply against the US Dollar. There was a break below a key connecting bullish trend line with support at $1,410 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair even broke the last swing low and… […]

Why ‘Bitcoin Jesus’ is so bullish about Bitcoin cash – CNBC

CNBCWhy ‘Bitcoin Jesus’ is so bullish about Bitcoin cashCNBCCryptocurrency users and developers around the world are adopting bitcoin cash at faster rates than bitcoin core, Roger Ver, one of the first investors of bitcoin, told CNBC. Bitcoin cash, a bitcoin offshoot, split off from bitcoin last year after a …and more »

Bitcoin Mining Equipment Maker Canaan Files for $1 Billion IPO – Bloomberg

BloombergBitcoin Mining Equipment Maker Canaan Files for $1 Billion IPOBloombergCanaan Inc., the world’s second-biggest maker of bitcoin mining hardware, submitted a listing application to the Hong Kong stock exchange. Morgan Stanley, Deutsche Bank AG, Credit Suisse Group AG and CMB International Capital Ltd. are joint sponsors of …Chinese bitcoin mining gear makers set sights on world’s […]