Day: August 12, 2018

Bangkok Post

Bitcoin price LIVE: $43 billion in crypto value wiped in a five day rout Express.co.uk Despite small gains in the late hours of the weekend, the cryptocurrency market suffered heavy losses last week. Prices appear to have found stability this morning, but most of the market has made a loss on the day. Bitcoin increased 0.63 percent to ... Fraudsters adopt bitcoin to evade copsBangkok Post all 11 news articles »

Key Highlights

• Ripple price extended losses and traded below the $0.3000 support level against the US dollar.
• There is a key bearish trend line forming with resistance near the $0.3040 level on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair remains at a risk of more losses below the $0.2900 and $0.2800 support levels in the near term.

Ripple price is struggling to rebound against the US Dollar and Bitcoin. XRP/USD could extend declines below $0.2800 and it may perhaps test $0.2600.

Ripple Price Resistance

This past week, there were nasty declines in Ripple price below the $0.3200 support area against the US Dollar. The XRP/USD pair even broke the $0.3000 support and traded to a new monthly low at $0.2873. Later, the price stared an upside correction above $0.2900 and recovered above $0.3000. There was a break above the 23.6% Fib retracement level of the last decline from the $0.3503 high to $0.2873 low.

However, the recovery found sellers near the $0.3150 level. Moreover, the 38.2% Fib retracement level of the last decline from the $0.3503 high to $0.2873 low prevented gains. The price failed to move above $0.3150 and $0.3200, resulting in a fresh downside move. Additionally, there is a key bearish trend line forming with resistance near the $0.3040 level on the hourly chart of the XRP/USD pair. The pair is currently following the bearish trend line and is trading below $0.3000. If it fails to move past the $0.3000 and $0.3050 levels, it could extend the current decline.

Looking at the chart, ripple price remains at a risk of more losses below $0.2800. Should there be a break below $0.2800, the price may perhaps decline further towards the $0.2600 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is mostly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is struggling to move past the 50 level.

Major Support Level – $0.2800

Major Resistance Level – $0.3150

The post Ripple Price Analysis: XRP/USD Could Decline To $0.2600 appeared first on NewsBTC.

Listen to the 12 August 2018 Bitcoin News Radio Show below.

On this edition of the Bitcoin News radio show, we cover the daily market analysis, before looking at if nations like Iran and Venezuela should use Bitcoin instead of creating state-backed cryptocurrencies. Hear about a Wi-Fi router from Bitmain that mines cryptocurrency. Learn about a group that is trying to find Satoshi Nakamoto and why that is bad news, then about Kim Dotcom’s take on the US national debt and why it’s time to buy Bitcoin before the US dollar totally collapses.

Follow the Bitcoin News Radio Show on Anchor, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

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Image Courtesy: Zachary, Bitcoin News

The post Bitcoin News Radio Show, 12th August 2018 appeared first on BitcoinNews.com.

Key Highlights

• ETH price recovered a few points after trading as low as $304.26 against the US Dollar.
• There is a major bearish trend line in place with resistance at $320 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair is struggling to move above the $320 and $328 resistance levels, and it remains at a risk below $310.

Ethereum price remains in a downtrend against the US Dollar and bitcoin. ETH/USD must clear the $320 and $330 resistance levels to recover towards $355.

Ethereum Price Trend

There were heavy declines below $348-350 in Ethereum price this past week against the US Dollar. The ETH/USD pair traded as low as $304.26 and is currently consolidating losses with a few positive moves. It traded above the $315 level and spiked above $325. There was also a break above the 23.6% Fib retracement level of the last decline from the $363.03 high to $304.26 low.

However, the upside move was capped by the $328-330 levels. Moreover, the 38.2% Fib retracement level of the last decline from the $363.03 high to $304.26 low acted as a resistance. At the outset, there is a major bearish trend line in place with resistance at $320 on the hourly chart of ETH/USD. Above the trend line resistance, the 100 hourly simple moving average is positioned near $340. Therefore, it seems like there is a cluster of resistances formed between $320-340. A break above this could push the price above the $348-350 resistance zone in the near term.

Looking at the chart, ETH price is showing no major signs of a recovery above $320. Therefore, it could dip a few points below the $315 level before it attempts to break the $320 and $330 resistance levels once again.

Hourly MACD – The MACD is mostly flat in the bearish zone.

Hourly RSI – The RSI is currently moving flat and is currently below the 50 level.

Major Support Level – $310

Major Resistance Level – $330

The post Ethereum Price Analysis: ETH/USD Remains at Risk of More Declines appeared first on NewsBTC.

A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand.

Listen to the 11 August 2018 Bitcoin News Radio Show below.

On this edition of the Bitcoin News radio show, we start with a Bitcoin market update, with a discussion about how Bitcoin’s intrinsic qualities will cause it to rally in the future. Hear about how John McAfee and BitFi have received the lamest vendor response award after their wallet was hacked. Learn about Yale’s study which found the biggest factors that impact the Bitcoin market. Get excited about the possibility that Facebook will launch their own cryptocurrency. Hear a rundown of the top cryptocurrencies by market cap, and how Bitcoin is far ahead of any other crypto.

Follow the Bitcoin News Radio Show on Anchor, Spotify, Google Podcasts, Stitcher, Radio Public, Pocket Casts, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Zachary, Bitcoin News

The post Bitcoin News Radio Show, 11th August 2018 appeared first on BitcoinNews.com.

Having launched officially just two months ago on 6 June 2018, Ethereum-based decentralized exchange DEx.top has been expanding quickly. In an impressively short period of time, it’s managed to get listed on CoinMarketCap and add support for over 30 trading pairs. The team has also paid close attention to strategic partnerships, working closely with communities like HackerOne to conduct their smart contract audit.

DEx.top Integrates With Trust Wallet and imToken

Now, the exchange is looking to push their advantage further. They’ve recently announced new integrations with two of the major crypto wallet providers available in the market, Trust Wallet and imToken, which will not only bring the trading platform to more mobile devices but also give DEx.top exposure to the wallets’ wide user base.

Both Trust Wallet and imToken have made the headlines lately – Trust Wallet for its high-profile acquisition by cryptocurrency exchange Binance, and imToken for the launch of imToken 2.0, which now boasts currency exchange function Tokenlon and a Dapp Browser in addition to its well-established wallet functions.

With the integration, DEx.top will now join the expanding community of DApps available through Trust Wallet and imToken’s in-app DApp Browsers, Web3 browsers that provide a seamless and foolproof interface for users to interact with any decentralized application directly through the wallet. An added plus is that existing users of the wallet will not need to register for an account to start trading on the DEx.top platform – all that’s required is a simple authorization that takes seconds to complete.

This integration will also allow DEx.top to better reach imToken and Trust Wallet’s significant user volume. imToken registered over 6 million monthly active users and US$45 billion in pass-through transactions between January 2017 and June 2018, while Trust Wallet is set to receive both funding and marketing support from Binance following its acquisition.

What’s clear about the wallets is that they’re shaping up to be gateways into the blockchain ecosystem. DEx.top’s move to pursue integration with Trust Wallet and imToken is a pivotal move towards a mobile-first world and synergizes well with their upcoming plans to add support for Ledger wallets and more DApp browsers, making the platform well-positioned to capture demand for decentralized token exchange services by being just a tap away.

About DEx.top

DEx.top is a decentralized Ethereum-token exchange platform based on smart contracts. It introduces the innovative ROC (Replayed On Chain) trading mechanism that leverages synchronized off-chain and on-chain ledgers to enable instant trading while ensuring the security of traders’ assets. DEx.top is committed to providing secure, instant, and low-cost trading for all end users.

About imToken

Founded in 2016, ImToken is the world’s largest Ethereum wallet featuring multi-chain asset management, DApp browsing and secure, private exchange of value. Having recently closed a US$10 million Series A funding round from IDG Capital and launched imToken 2.0, imToken now offers support for over 30,000 tokens and is internationally recognized as a secure digital asset management tool.

About Trust Wallet

Trust Wallet is a secure and easy-to-use mobile application which is designed with simplicity in mind to facilitate the adoption of cryptocurrencies for users with any level of knowledge of blockchain. It provides a fully security audited system to send, receive and store digital assets including ETH, ETC, POA, CLO, and all ERC20 and ERC223 tokens. Trust allows you to have complete control of private keys that never leave the device.

To find out more, visit the DEx.top website. You can also track project updates via its Medium blog, official Telegram feed and Twitter account.

The post DEx.top Comes To Mobile With Trust Wallet, imToken appeared first on BitcoinNews.com.

Bitcoin Investors Eye Turkey As Lira Plummets 20% Forbes Unlike Iran, where a ban on bitcoin and cryptocurrency trading means those wanting to buy bitcoin must turn to peer-to-peer exchanges like LocalBitcoins, banks in Turkey often still work with local exchanges, meaning fresh adopters can begin buying and ... and more »

Ethereum Classic Price Key Highlights

• Ethereum Classic recently tumbled below a short-term ascending trend line to show that sellers are winning out.
• However, price is also encountering strong support at the long-term floor around $13.
• A bounce off this level could lead to a test of the broken short-term trend line or a move to the next area of interest.

Ethereum Classic price is fighting to keep its head above the long-term floor as it recently fell below a short-term trend line.

Technical Indicators Signals

The 100 SMA recently crossed below the longer-term 200 SMA to signal a pickup in selling pressure. This indicates that the path of least resistance is to the downside or that support is more likely to break than to hold.

However, RSI is pulling up from the oversold area to signal a return in bullish pressure. A bullish divergence is also evident as RSI made higher lows while Ethereum Classic price made lower lows. Stochastic is also climbing out of the oversold area so price might follow suit if buyers take over.

Ethereum Classic price could aim for the broken trend line, which might hold as near-term resistance and lines up with the dynamic inflection points at the moving averages. If these keep gains in check, price could fall back to the long-term floor or even break lower.

Market Factors

Ethereum Classic price drew a strong boost from news of its listing on Coinbase and Robinhood, but the overall sentiment in the cryptocurrency industry took over. Traders were disappointed by the SEC decision to delay their ruling on a number of bitcoin ETF applications to September, which means that the industry could be in limbo until then.

With that, further consolidation at these support levels could be seen in the coming days, unless of course there are any major positive or negative developments.

The post Ethereum Classic (ETC) Price Watch: Short-Term Breakdown, But Long-Term Floor Holding appeared first on NewsBTC.

Key Points

·         Bitcoin cash price started consolidating losses after trading to the $540 low against the US Dollar.

·         There is a key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken).

·         The pair might continue to struggle to break the $580 and $600 resistance levels in the near term.

Bitcoin cash price is under pressure below $600 against the US Dollar. BCH/USD may perhaps attempt a recovery if buyers push the price above $580 and 100 SMA.

Bitcoin Cash Price Resistance

There were heavy declines noted in bitcoin cash price below the $650 pivot level against the US Dollar. The BCH/USD pair declined below the $600 and $550 support levels and traded to a new low at $540. Later, the price found support and started a minor upward move above $550. It also broke the 23.6% Fib retracement level of the last decline from the $619 high to $540 low.

However, the price is currently struggling to clear the $580 resistance area. There is also key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair. The same trend line coincides with the 50% Fib retracement level of the last decline from the $619 high to $540 low. More importantly, the 100 hourly simple moving average is positioned near the $580 level. Therefore, it won’t be easy forbuyers to push the price above $580 and the 100 hourly SMA. Above these, the price will most likely recover further above $600 and $610.

Looking at the chart, BCH price may perhaps decline a few points towards the $550 level, but it remains supported. Going forward, there could be consolidation moves above $550 before the price moves past $580 and $600.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is mostly flat in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently below the 50 level.

Major Support Level – $540

Major Resistance Level – $580

 

The post Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $550 appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor.
• Traders are likely waiting for the next catalysts to decide which direction the breakout could take.
• Technical indicators appear to be suggesting a slowdown in bullish momentum soon.

Bitcoin price is still trending lower on the short-term time frame but buyers are defending the long-term floor.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA but is gearing up for a bearish crossover to signal a pickup in selling momentum. In that case, price could have stronger odds of breaking below the $6,000 support zone and trending lower.

Price is also moving below a short-term descending trend line, which is keeping near-term gains in check. A break past this level could still encounter some selling pressure at the dynamic inflection points on the moving averages.

RSI is turning higher after previously climbing out of the oversold area, though, so there may still be a pickup in buying pressure from here. Stochastic is also heading higher to suggest that buying momentum could stay in play for a bit longer. Once both oscillators reach overbought levels and turn lower, selling pressure could return.

Market Factors

Bitcoin price continues to struggle to keep its head afloat after a couple of rough weeks, the latest of which featured a decision by the SEC to delay their ruling on remaining bitcoin ETF applications.

With that, traders could stay on edge until September or when the decision is announced. Even then, another denial for the proposed rule change could mean more losses for bitcoin price and the rest of its cryptocurrency peers. Approval, on the other hand, could be the positive catalyst that investors are waiting for in order to sustain the expected rebound for the remainder of the year.

The post Bitcoin (BTC) Price Watch: Still Waiting for Directional Clues appeared first on NewsBTC.

Nebulas raised $60 million in an ICO in December, but in order to help its team focus on completing its tech, it’s extending its team’s token lockup.

Ethereum World News (blog)

Bitcoin (BTC) Price Analysis: Holding Out for Directional Clues ... Ethereum World News (blog) Bitcoin is still trading below its short-term descending trend line on the 1-hour time frame to show that the downtrend is intact. Price is currently consolidating in a ... Bitcoin (BTC) Technical Analysis - NewsBTCnewsBTC all 15 news articles »