Archive | July 4, 2018

Loom Blockchain Based Zombie Battleground Makes 250k Kickstarter Goal

Through a Kickstarter campaign, a group of developers are creating the first mobile blockchain-based game launched on top of the Loom network. First mobile Blockchain based Game Those who were fans of Magic the Gathering and other similar card-based adventure games may have already heard about Loom Network Zombie Battleground on Kickstarter. The game was… […]

Japan to Upgrade Crypto and Exchange Legislation

In a recent report, local Japanese media outlet Sankei has indicated that the Japanese Financial Services Agency (FSA) is to change the legal foundations on which cryptocurrency regulations are based in the country. Classification switch The report made on 3  July states that the Japanese financial watchdog is considering to regulate cryptocurrency exchanges under the Financial Instruments […]

Controversial Ethereum Network Clog Exposed: Chinese Crypto Exchange at Fault

You may have noticed something recently, transactions on the Ethereum network have been oddly expensive. MyCrypto has chalked up this suspicious rise in transaction fees to a good-for-nothing exchange, essentially incentivizing its users to push out thousands of transactions onto the Ethereum network.  So-Called Gas Guzzlers Fill The Ethereum Network Over the past few days,… […]

Ripple Price Analysis: XRP/USD Holding Key Support

Key Highlights Ripple price is following a bullish path above the $0.4750 pivot level against the US dollar. There is a major bullish trend line in place with support at $0.4900 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current upside move as long… […]

How India choked its cryptocurrency ecosystem to near-death – Quartz

QuartzHow India choked its cryptocurrency ecosystem to near-deathQuartzFrom glorious highs to rock bottom, Indians hooked to cryptocurrencies have seen it all in the last year. In 2017, the price of a bitcoin, the world’s best known virtual currency, rose from around $900 at the start of the year to nearly $20,000 by …and more »

Ethereum Price Analysis: ETH/USD Holding 100 SMA

Key Highlights ETH price failed once again around the $482-484 resistance and declined against the US Dollar. There is a major bullish trend line formed with support at $454 on the hourly chart of ETH/USD (data feed via Kraken). The pair is holding the $450 support and the 100 hourly simple moving average, which is… […]

Bitcoin Cash Price Analysis: BCH/USD Remains Supported

Key Points Bitcoin cash price retested the $740 support zone and is currently holding gains against the US Dollar. There is a new connecting bullish trend line formed with support at $742 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair must stay above the $740-750 support and the 100… […]

EOS Price Watch: Short-Term and Long-Term Channels

EOS Price Key Highlights EOS price is finding support at the bottom of the long-term ascending channel on the daily chart. This lines up with the bottom of a short-term falling channel, so a test of this resistance is due. If the nearby resistance levels are broken, EOS price could gain more upside traction to… […]

Bitcoin (BTC) Price Watch: Bulls Defend Wedge Support

Bitcoin Price Key Highlights Bitcoin price continues to consolidate inside its rising wedge formation visible on the 1-hour chart. Price has bounced off support to test the resistance and is now back to the bottom once more. Technical indicators appear to be suggesting that the uptrend is more likely to resume than to reverse. Bitcoin… […]

Bitcoin Market Update

At the time of writing, the price of Bitcoin (BTC) was sitting at around the $6,510 mark and has jumped approximately 14% after finding support at the six-monthly low level of $5,790. While we did expect a bounce from this support zone, buyers should beware the bull trap. In our view, this is not the […]