Ethereum marked a small increase of around 1% over the past 24 hours and it currently trades at $190. This allows ETH to grind its way higher toward the $200 level, and perhaps even more. However, it still needs to break above resistance at the 100-days EMA. Ethereum remains the second-largest cryptocurrency as it holds a market cap of $20.74 billion. Looking at the ETH/USD 1-day chart:Since our previous ETH/USD analysis, the cryptocurrency fell into the support at $180 where it proceeded to...
Read More »This Is Why Bitcoin Price Could Hit $55,000 Next Year: Crypto Zombie in Trader’s Digest
If you’ve ever watched Bitcoin-related videos on YouTube, you’ve probably gotten to know K-Dub. K-Dub is a 32-year-old from New York who broadcasts live each day on his popular channel Crypto Zombie.Without a doubt, Crypto Zombie is one of the most popular channels around, with an astonishing number of over 90,000 subscribers as of writing this. Every night you can meet him on YouTube, and when I write ‘meet him,’ this really describes his attitude toward his thousands of loyal...
Read More »Ripple Backs New Platform for Smart Contracts Flare Networks via Its Xpring
Photo: RippleApart from being popular for using in its solutions XRP which is the third-largest digital currency in the world and has been for a long time, Ripple is also quite known for many of its offerings in the sector, including several divisions and partnerships. The company through its investment arm Xpring, has now invested into Flare Networks, a platform for smart contracts.According to an official Flare Networks blog post, Ripple has “completed a strategic investment into Flare.”...
Read More »Ripple Price Analysis: XRP Fails To Close Above $0.30 But Is It Plotting a Move Against BTC?
XRP saw a small increase of around 2% over the past week and it currently trades at $0.2995. The cryptocurrency still has hard times closing above the $0.30 level as each attempt so far has failed. Despite this, XRP has still seen a 12.50% price hike over the past month.XRP remains the third-largest cryptocurrency with a market cap of $13.03 billion.Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, the cryptocurrency continued to trade sideways as it remains trapped...
Read More »Bitcoin Buys Real Estate: $15.3M Condo Sold Using Bitpay
A real estate developer managed to sell a $15.3 million condo in New York for Bitcoin. The transaction was carried out using Bitpay and Starr and, according to the developer, it was “seamless.” This highlights Bitcoin as a viable alternative to fiat transactions and it’s far from being the only serious real estate deal cut with the cryptocurrency.Bitcoin Used For Buying a New York ApartmentA real estate developer, Ben Shaoul, has sold a retail condo in Upper East Side New York and the...
Read More »China Won’t Be Banning Bitcoin Mining Activities in the Country
It’s a great moment of cheer for all cryptocurrency miners carrying out operations based out of China. In the latest development, the China National Development and Reform Commission (NDRC) has decided to withdraw its proposal of banning crypto-mining activities (including Bitcoin mining) taking place in the country.On Wednesday, November 5, the NDRC published a new catalog for Guiding Industry Restructuring. The new version replaces the earlier one created in 2011 wherein the agency had...
Read More »Hong Kong Regulators Issue Framework to License Crypto Exchanges
Hong Kong will regulate cryptocurrency exchanges. The Securities and Futures Commission developed a set of guidelines for exchanges to operate. Custody and cybersecurity are the top concerns among regulators. Hong Kong’s Securities and Futures Commission (SFC) published a regulatory framework that enables cryptocurrency exchanges to be regulated. With the new set of rules, the nation is making a significant step towards the adoption of blockchain technology. Licensing Cryptocurrency...
Read More »‘Bitcoin Price Will Reach $16k Soon as 1.4B People Are Working On It,’ Says Binance’s CZ
Growth in the crypto market is almost always measured by price trajectories and the likelihood that an asset would find adoption, consequently increasing its price. With Bitcoin being the asset with the largest market cap and consequently the highest priced and strongest market dominance, the cryptosphere is almost always waiting for a Bitcoin price surge.In the midst of all the bullish predictions that usually trail Bitcoin, Changpeng Zhao who is the CEO of the world’s largest crypto...
Read More »Cardano (ADA) Price Analysis: Primed For More Upsides
ADA price is gaining bullish momentum above the $0.0425 resistance area against the US Dollar.The price is likely to break the $0.0450 and $0.0465 resistance levels in the near term.There is a key bullish trend line forming with support near $0.0425 on the 4-hours chart (data feed via Kraken).The price is following a decent bullish path above the $0.0425 and $0.0420 support levels.Cardano price is showing bullish continuation signs against the US Dollar and bitcoin. ADA price is likely to...
Read More »Kadena Begins KDA Token Sale for U.S. and Global Investors on CoinList
Kadena, a Proof of Work (PoW) public blockchain for smart contracts, has begun its token sale on CoinList. It began on Monday, Nov. 4, and will run until Friday, Nov. 22, 2019. The Kadena network boasts of highly scalable blockchain which runs the Chainweb protocol to ensure unmatched security and high throughput, promising to be a driving factor with the potential to serve as a convergence point for all interoperable chains including private and public blockchains and applications.The Kadena...
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