Archive | September 5, 2018

Lawyer: ShapeShift’s Membership Move Follows “Threats” From Regulators

News came yesterday that the Bitcoin exchange ShapeShift are introducing a new membership initiative — implying that users will have to provide more personal data in order to use the platform’s services. ShapeShift Announces Membership Program According to the company’s Tweet, which also contained a link to a more expansive definition of the new terms:… […]

ShapeShift Will No Longer Be Anonymous

The Founder and CEO of ShapeShift, Erik Voorhees, has announced that the exchange is launching a membership program and soon, anonymous trading will not be available. For years, ShapeShift has been an easy way for cryptocurrency users to convert cryptocurrency into other types of cryptocurrency. The process is efficient and completely anonymous, up to now […]

Ripple Price Analysis: XRP/USD At Risk of More Losses

Key Highlights Ripple price declined sharply and broke the $0.3200 and $0.3000 support levels against the US dollar. This week’s followed key declining channel was breached with support near $0.3230 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair even broke the $0.2800 support area and traded close to the… […]

Ethereum Price Analysis: ETH/USD Turned Super Bearish Below $240

Key Highlights ETH price declined heavily and broke the $260, $250 and $240 support levels against the US Dollar. This week’s followed crucial bearish trend line played well with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded close to the $200 level and it is currently correcting… […]

Ethereum (ETH) Price Watch: Bears Back in the Game!

Ethereum Price Key Highlights Ethereum price tumbled below its symmetrical triangle consolidation previously highlighted. This signals that further losses are in the cards, possibly taking price down to the next long-term support around $150. Technical indicators also point to a continuation of the slide from here. Ethereum made a downside break from consolidation to confirm… […]

Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies

Key Points Bitcoin cash price failed to clear the $650 resistance and dropped sharply against the US Dollar. There is a key bearish trend line forming with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is down more than $100 from highs and it turned sell… […]

Bitcoin (BTC) Price Watch: Sharp Tumble on Resistance Test, Goldman Sachs Update

Bitcoin Price Key Highlights Bitcoin price slumped below its short-term rising wedge after also hitting the resistance on a larger wedge formation. Price could set its sights on the long-term support around $5,800 to $6,000 from here. Technical indicators are still reflecting the presence of bullish pressure, though. Bitcoin price made a downside break from… […]

Lightning Network Capacity Exceeds 100 Bitcoins

The capacity of the Bitcoin Lightning Network has grown to more than BTC 100 for the first time, with more than 12,000 active channels and 3,300 nodes. To put this in perspective, in January 2018, there were fewer than 100 Lightning Network channels, and in May there were over 6,600. Clearly, the network is rapidly […]

Bitcoin Cash (BCH) Price Analysis: Still Bitcoin Cash is a Better Investment

Yesterday’s BTC mini crash is surely a blow to altcoins. In a 24 hour span, BCH recorded a 16 percent lose breaking below $600, crashing stops and confirming the bear break out pattern set by Aug 8 bears. That’s aside from signaling the completion of a retest phase and a probable ignition of the trend… […]