Archive | September 6, 2018

Goldman Sachs Not Ditching Bitcoin Trading Desk, But Market Doesn’t Recover

Yesterday, news broke that U.S.-based $90 billion multinational investment bank and financial services company powerhouse, Goldman Sachs, was ditching plans to eventually open up a Bitcoin trading desk as was initially reported. However, while speaking at the ongoing TechCrunch Disrupt 2018 conference, Goldman Sachs chief financial officer Marty Chavez called the claim “fake news”. No,… […]

Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.3120

Key Highlights Ripple price recovered nicely after trading as low as $0.2700 against the US dollar. There are two bearish trend lines in place with resistance at $0.3080 and $0.3120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct further higher, but it could face a strong resistance… […]

Lindy Effect Indicates Bitcoin Will Survive Long Term

The Lindy Effect states that the life expectancy of a non-living thing is proportional to its current age. Therefore, according to the Lindy Effect, Bitcoin will survive long term. In more scientific terms, time is tied to disorder and entropy. Entropy causes every physical thing in the universe to slowly decay into disorder. When it […]

How To Make Sure Crypto Trading Does Not Take Over Your Life

Could you live without cryptocurrency in your life? For its proponents, bitcoin is a drug that’s had them hooked since the day they discovered it. Not all holders feel the same way though. Stung by massive losses and the realisation that cryptocurrency is taking over their life, some traders forced themselves to walk away for […]

Ethereum Price Analysis: ETH/USD Could Correct Towards $240

Key Highlights ETH price found support near the $209 level and later corrected higher against the US Dollar. There was a break above a short-term bearish trend line with resistance at $226 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to extend the current correction towards the $238 and… […]

Bitcoin (BTC) Price Watch: More Bears Waiting to Join In?

Bitcoin Price Key Highlights Bitcoin price recently made a sharp tumble, breaking below an ascending trend line connecting the lows since mid-August. Applying the Fib retracement tool on the latest swing high and low shows that the 61.8% level lines up with the broken support. Technical indicators are suggesting a potential pickup in bullish momentum…. […]

Bitcoin Cash Price Analysis: BCH/USD Consolidating Losses Above $500

Key Points Bitcoin cash price started consolidating losses after trading as low as $485 against the US Dollar. There is a short-term ascending channel forming with resistance at $530 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair needs to surpass the $530 and $535 level to correct towards the… […]

Ethereum Price Analysis – Whales moving ETH to exchanges

The monetary policy of ETH continues to be in flux, thanks in large part to the PoW to PoS transition and an unexpected increase in ETH inflation this year. A course-correction with a decrease in inflation on October 30th is certainly bullish for price…

ABCC democratizes token listing through community voting mechanism

ABCC Launches Free Listing via Voting ABCC is bringing another groundbreaking opportunity to the crypto-universe this week. The world-class digital asset exchange platform is now recruiting outstanding blockchain projects around the globe. This free listing opportunity is set to help discover premium blockchain projects in order to provide its users with better digital asset trading […]

Bitcoin Is Not Dead – Forbes

ForbesBitcoin Is Not DeadForbesThe sense of urgency is everywhere I look. Bitcoin is dying, and its time get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it’s …