Archive | June 13, 2018

South Korean Banks Initiate Blockchain-Based ID System

The Korean Federation of Banks (KFB), a group of South Korean commercial banks, has announced that a new blockchain-based ID initiative dubbed ‘BankSign’ will be implemented in July later this year. The initiative will replace the massively outdated current system that has been in place for 20 years that has resulted in an enormous number of fraudulent […]

Ripple: Blockchain is About Growth Not Cost Savings

A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to their payment solutions and how they work… […]

Coinbase Launches Cryptocurrency Index Fund

Coinbase has launched the Coinbase Index Fund, a market-weighted composition of all the cryptocurrencies traded on Coinbase’s GDAX exchange. This is the cryptocurrency equivalent to stock market index funds like the Dow Jones Industrial Average, S&P 500, and NASDAQ. At the time of this writing, Bitcoin comprised 61.47% of the index, Ethereum 27.17%, Bitcoin Cash […]

Cardano Price Analysis: ADA/USD Turned Bearish

Key Highlights ADA price declined sharply below the $0.2000 level and moved into a bearish zone against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.1650 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair has to break the $0.1650 and $0.1700 resistance… […]

Asian Altcoin Trading Roundup: Icon and Siacoin Boosted by Binance

FOMO Moments Current performing altcoins are Icon, Siacoin, Cardano and Bytom. Today marks the fifth day of market decline. Since the rout started on Sunday over $70 billion has been wiped off the crypto markets. Total capitalization plunged below $300 billion and the down trend has steepened. Bitcoin is still down on the day but… […]

Ripple Price Analysis: Can XRP/USD Break $0.50?

Key Highlights Ripple price failed to recover and extended its decline towards the $0.50 level against the US dollar. There is a major bearish trend line forming with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.53 resistance and move higher to avoid… […]

There’s A New Bitcoin Core in Town – And It’s Out to Troll Bitcoin Cash – CoinDesk

CoinDeskThere’s A New Bitcoin Core in Town – And It’s Out to Troll Bitcoin CashCoinDeskIf not, the cryptocurrency bitcoin core (BTCC) certainly comes close. And no, we’re not using the derogatory other name for the cryptocurrency most often referred to as bitcoin – the one that legendary crypto investor and bitcoin cash booster Roger Ver […]

Tron (TRX) Price Watch: Updated Potential Correction Levels

Tron Price Key Highlights Tron continues to trend lower and has dipped back to the descending channel support on the 4-hour chart. A bounce could take it up to the Fibonacci retracement levels before the drop resumes. Moving averages suggest further declines while oscillators signal a potential rally. Tron could be in for a pullback… […]

‘My Big Coin’ in Court This Week as CFTC Tries to Combat Crypto Fraud

The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In line with increased attempts this year by… […]

Bitcoin (BTC) Price Watch: One Downside Break After Another

Bitcoin Price Key Highlights Bitcoin price has broken below one triangle after another as bearish momentum strengthens. Price is now trading below the descending triangle bottom of $6,700 after previously falling below the symmetrical triangle. This signals that further losses are underway, but oscillators suggest otherwise. Bitcoin price keeps tumbling below one support after another,… […]

Bitcoin Price Analysis – A slow bleed

Despite heavy pullbacks in price, the network continues to perform better than ever. Transactions are cleared quickly and fees are low. The economical use of block space through batching and SegWit are strong contributing factors. Hash rate continues t…

Ethereum Price Analysis: ETH/USD Faces Tough Challenge

Key Highlights ETH price crashed and declined toward the $440 level recently against the US Dollar. There is a declining channel in place with resistance near the $480 level on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher and it may head towards the $490 and $500 resistance… […]