Day: May 17, 2018

All cryptocurrencies are still suffering from a lot of bearish momentum right now. Although things have begun to pick up a bit, there is no real positive momentum to speak of as of yet. The Ethereum price is struggling to remain above $700, despite noting a 1.2% increase in the past 24 hours. This coming weekend will be pretty interesting to keep an eye on in this regard.

What Comes Next for the Ethereum Price?

It has become evident the Ethereum price is of great interest to a lot of people. More investors and speculators will always lead to more price volatility. So far, the year 2018 hasn’t presented any positive trends in this regard, as it is evident the bearish pressure is intensifying every so often. This has resulted in a cryptocurrency market cap dropping below $400bn for most of this week, and it seems there is little room for improvement in the near future.

Even so, the Ethereum price has had a rather interesting week. With the value dropping from $720 to $640 and the rebounding to $720 in the span of a few days, it is evident the interest in Ether isn’t slowing down. Over the past 24 hours, we have noted a 1.2% Ethereum price increase, which effectively keeps the value over $700, for the time being. With the bearish pressure still affecting all markets, it seems unlikely this price point will be held unless something changes dramatically.

Additionally, Ethereum noted a small increase over Bitcoin. While a 0.79% increase in favor of Ether is not exactly impressive, it is still better than a complete standstill. This lull in momentum seems to indicate we will either see a lot more bearish pressure – which is highly unlikely – or this is the beginning of a 2018 trend reversal. Only time will tell which of the two will hold true, as this industry is impossible to predict at any given time.

Thanks to $2.343bn in 24-hour trading volume, things are looking rather impressive for Ethereum. The demand to buy and sell Ether is not slowing down anytime soon, which is a positive development. If the trading volume were to drop off significantly, it becomes a lot easier to manipulate the Ethereum price in quick succession. This is an interesting aspect of the Ethereum price to keep an eye on moving forward.

Looking over the exchanged ranked by ETH trading volume, there are no real surprises to take note of. OKEx is in the lead, followed by Bitfinex, Huobi, and two Binance pairs. With just one fiat currency pair in the top five, there isn’t much fresh money entering the Ethereum ecosystem as of right now. The USDT trading pairs still remain as popular as ever, and the ETH/BTC trading is also making its mark as of right now.

For the time being, it seems the Ethereum price may fall subject to a lot of sideways trading action. Consolidation at this stage is not a bad thing, as it is a lot better than dealing with massive bearish price pressure.  For the Ethereum price, maintaining this $700 price level will be extremely difficult, although not entirely impossible either. A lot will hinge on how the Bitcoin price evolves, as it can drag all alternative currencies with it fairly quickly.

Bitcoin Press Release: Hada DBank’s token sale started 1st May 2018. The token sale will run it’s full course throughout the entirety of May and will end 31st May 2018. It aims to sell 50 Million units of HADACoins, through its exclusive exchange partner F1Cryptos.

11th of May 2018, Kuala Lumpur, Malaysia – A week into Hada DBank’s much anticipated token sale, Vostad moved forward and inked it’s partnership, which sees Zahid Rashid Mir join on board as Hada DBank’s latest advisor in events and investor relations.

Zahid Rashid Mir, Founder & Director, Vostad commented;

“We at Vostad believes the potential of Hada DBank and its dynamic business module. The team behind the development of the project are very ambitious with high determination to push forward the project globally and we intent to support this. Vostad and Hada DBank will work hand in hand to ensure quality innovative products and services be made available to public.”

Zahid Rashid Mir is a young and dynamic business leader, deal maker and Technology Enthusiast. Mr. Mir is the Chairman and Managing Director of VOSTAD Global and today oversees the company’s investor services and building new partnerships worldwide.

Zahid has over a decade of international management experience, has developed, managed and trained teams; he has been involved with helping facilitate more than 500 million dollars in business deals.

Vostad is a team of deal facilitators, helping partners: raise capital, close big sales, explore new markets, secure partners and educate employees. Established in Bangalore, VOSTAD has facilitated more than a billion dollars worth of deals and connected over 50,000 global executives through more than 200 proprietary business platforms. VOSTAD is the pioneer and only company who conducts (BIBSUMMIT) Blockchain Summits for Islamic Banking and Finance throughout the globe.

The partnership between Hada DBank and Vostad aims to push forward the dynamicity of Blockchain Technology into Mainstream IT enthusiast and general public all together, specifically in the region of Middle East, Americas and Africa.

1. Hisyam Mokhtar, Interim CEO & Chairman, Hada DBank explained;

“We are delighted to have both Mr. Zahid Mir and Vostad joining our expanding team of advisors and partners. Having them both joining our experienced and prominent advisors and partners will expedite the process to introduce HADA DBank and our products to the mainstream market especially in the Middle East where they have extensive experience in dealing and insight of the market, as well as convincing future investors to participate in our project. We look forward to their guidance along with our existing advisors and partners to bring HADA DBank to a greater height.”

The Hada DBank Token Sale

The FIRST 1,000,000 HADACoins will be priced at 3,000 HADA per 1 ETH. The normal price structure will be in effect for the remaining units at 1 ETH per 1,500 HADA. There will be a minimum contribution of 0.15 ETH per transaction. Following the success of its Pre-sale, Hada DBanks aims to reach its soft cap at 5,000 ETH and hard cap 30,000 ETH respectively to further progress at a desirable pace.

Learn more on the Hada DBank website – https://www.hada-dbank.com/
Read the Hada DBank Whitepaper –https://drive.google.com/file/d/16nbPwXqjXRRmVKstu1dn4NobywANASkH/view
Chat with the Hada DBank team on Telegram – https://t.me/HADADBank
Follow Hada DBank on Twitter – https://twitter.com/HadaDBank
Follow Hada DBank on Facebook – https://www.facebook.com/hadadbank.official/
Check out Hada DBank on Instagram – https://www.instagram.com/hadadbank/
Learn more about Hada DBank on Medium – https://medium.com/@hadadbank
Visit the DE Asset Management Limited Website here – https://deasset.ca/

Media Contact

Contact Name: Linda A
Email: [email protected]
Location: Kuala Lumpur, Malaysia
Company: Hada DBank

Hada DBank is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain.

Key Points

• Bitcoin price found support above $8,000 and recovered nicely against the US Dollar.
• There is a breakout pattern forming with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair has to move above the $8,500 resistance the 100 hourly simple moving average to gain momentum.

Bitcoin price is struggling to break the $8,500 resistance against the US Dollar. BTC/USD may trade in a range above $8,200 before the next move.

Bitcoin Price Analysis

After forming a base around the $8,080, bitcoin price started an upside recovery against the US Dollar. The BTC/USD pair managed to move above the $8,200 resistance level to post intraday gains. It also broke the 23.6% Fib retracement level of the decline from the $8,854 high to $8,080 low. There were a few positive signs above the $8,200 level, but the price struggled to break a major barrier at $8,500.

The 100 hourly simple moving average at $8,500 prevented gains. There were two attempts by buyers to break the stated $8,500 resistance, but they failed. Moreover, the 50% Fib retracement level of the decline from the $8,854 high to $8,080 low also acted as a resistance. It seems like there is a breakout pattern forming with resistance near $8,500 on the hourly chart of the BTC/USD pair. The pair is currently declining and testing the triangle support at $8,200. Should it break the triangle support, there could be a downside move towards the $8,080 low.

Looking at the chart, the price is clearly struggling near $8,500. A proper break above this is needed for a push towards the $8,750 level. On the flip side, the $8,080 low is a decent support followed by the $8,000 handle.

Looking at the technical indicators:              

Hourly MACD – The MACD for BTC/USD is moving back in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI has moved back below the 50 level.

Major Support Level – $8,080

Major Resistance Level – $8,500

The post Bitcoin Price Watch: BTC/USD Struggling Near $8,500 appeared first on NewsBTC.

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Jack Dorsey has some very interesting opinions when it comes to Bitcoin. He thinks it will become the world’s single currency in ten years from now. However, his companies have always been adverse to Bitcoin and other cryptocurrencies. That recently came to change when Square integrated Bitcoin support. It seems there is a good reason as to why the company decided to gamble on cryptocurrency after all.

Square Embraces Bitcoin Thanks to Jack Dorsey

A lot of people were surprised when Square enabled support for Bitcoin. Its Cash app lets users buy and sell BTC with relative ease. It has been a positive decision for the company. Revenue has increased ever since this implementation was added. Even so, the key reason for this integration has always been a mystery.

It appears Jack Dorsey has been intent on integrated Bitcoin with Square Cash for some time now. Earlier this year, attending a hackathon finally opened up a lot of perspectives. Together with engineer Mike Brock, they embarked on a mission to bring the Square Cash Card and Bitcoin together. The purpose was to make BTC as spendable as real currency without too many hurdles. It is not an easy task, as payment cards and cryptocurrency do not work well together these days.

After eventually succeeding, the decision was made to take it to the next level. Brock, the engineer, leads a team working on Square Cash’s Bitcoin brokerage features. It is evident the company and the world’s leading cryptocurrency will remain entwined for some time to come. This is mainly due to Jack Dorsey’s fascination with Bitcoin and what it represents.

Bitcoin Checks the Right Boxes

These days, it is difficult to keep shareholders happy. In the case of Square, a lot of people continue to oppose cryptocurrency. These same individuals still question the decision to offer Bitcoin support in an official capacity. Jack Dorsey, however, wants to offer even more functionality in the near future. What those features will look like, remains unclear.

Bitcoin is an interesting form of money for Jack Dorsey. Earlier this year, he stated how BTC can become the world’s “one’ currency in the next decade. It may become the single currency of the internet, and by extension, the rest of the world. An ambitious goal and a bullish outlook. The global interest in cryptocurrency is surging as of late. Even so, it is still mainly for investment purposes, rather than using it as a currency.

The question remains whether or not Jack Dorsey can drive this change Bitcoin really needs. It still remains inaccessible to a lot of people. Square Cash addresses that problem in a way, but not on a global scale just yet. If other companies take a similar approach, change can occur fairly quickly. For now, Bitcoin is still a fringe market. It will remain to be for some time, albeit things are slowly improving.

The post Square Embraced Bitcoin After Twitter CEO Jack Attended a Hackathon appeared first on NewsBTC.

CoinShares CEO says custody solutions, performance measures and ICO improvements are needed for Bitcoin to hit previous highs

Santander’s March annual general meeting saw “world-first” blockchain investor voting, it announced May 17

Big financial market infrastructure players detailed their progress on blockchain conversions, with real timelines for going live, at Consensus 2018.

Key Highlights

• Ethereum classic price is holding a major support area near $16.80 against the US dollar.
• There is a short-term ascending channel forming with support at $17.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
• The pair may climb higher in the near term as long as it stays above the $17.50 support area.

Ethereum classic price remains supported on dips against the US Dollar and Bitcoin. ETC/USD is likely to continue higher if the $17.50 and $17.00 support levels are intact.

Ethereum Classic Price Support

After a substantial decline, ETC price found buyers above the $16.50 level against the US dollar. The ETC/USD pair recently traded as low as $16.79 before it started an upside move. Buyers pushed the price above the $17.00 resistance level. Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $19.87 high to $16.79 low.

However, the upside move was capped by the $18.35 level and the 100 hourly simple moving average. There is also a short-term ascending channel forming with support at $17.50 on the hourly chart of the ETC/USD pair. The ascending channel pattern seems to be a replica of a previous pattern, which paved way for losses below $17.00. The current pattern may produce more gains if the price remains above $17.00. Buyers need to push the price above $18.35 and the 50% Fib retracement level of the last drop from the $19.87 high to $16.79 low.

The chart suggests that the price may slowly move higher towards $19.00. Once there is a proper close above the 100 hourly SMA, the price may accelerate gains towards the last swing high of $19.87. Above this, the next major hurdle for buyers is near $20.00.

Hourly MACD – The MACD for ETC/USD is slowly moving in the bullish zone.

Hourly RSI – The RSI for ETC/USD is currently place nicely above the 50 level.

Major Support Level – $17.00

Major Resistance Level – $18.40

The post Ethereum Classic Price Analysis: ETC/USD Consolidating Above $17 appeared first on NewsBTC.