Ethereum (ETH)

A new cryptocurrency payment platform has opened its doors for business in the Cayman Islands. Known as Coin Lock, the company describes itself as the world’s “first cryptocurrency trading and payments platform designed to increase every coin.”Coin Lock Is Looking to Make Big ChangesRikky Hasan – the CEO of the business – explained in a statement:Through exhaustive market analysis, Coin Lock identified and alleviates three primary pain points for cryptocurrency consumers: lack of utility,...

EthereumETH/USD. Source: TradingViewLast weekend, Ethereum recovered a bit to $140 following a sudden 55% price drop to a weekly low of $86. After a short daily increase, Ethereum’s price dropped to $100 (March 12 low), which reveals that sellers are showing interest again. More so, we can see that ETH is still struggling inside the 7-month descending channel.If the price drops below the psychological level of $100, Ethereum could slip back to $86 (last week’s low). Beneath this level lies a...

The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500.Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made a total injection of $700 billion in treasuries and mortgage-back securities, Bitcoin jumped to almost $6,000. The bullish move, however, was...

Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.Bitcoin price went up after the U.S. Fed announced a massive rate cut. Sources say that this occurred late on Sunday as global economies were still reeling from the effects of the COVID-19 situation. It also reportedly came with a $700 billion stimulus program to protect the U.S. economy from the effects of a global...

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After a 3-day recovery, Ethereum price continues its bearish momentumAgainst the US Dollar, Ethereum continued to struggle under the $140 markAgainst Bitcoin, ETH found weekly support (0.022 BTC) upon a mid-term trend line; however, the situation is fragileETH/USD: Ethereum Trades Under $140Key Resistance Levels: $140, $160, $180, $200Key Support Levels: $115, $100, $86, $80Last Thursday, we saw the heavy price movement that crashed Ethereum’s price to $86 following Bitcoin’s 40%  daily...

The recent mystery surrounding the incredible $80,000 worth of Ethereum transaction fee has been resolved. Instead of a complicated money laundering scheme compiled by a South Korean exchange, it actually turned out to be a human-mistake made by one of the employees.656 ETH Paid for Syntethics Network (SNX) TransactionA few days ago, a suspicious Syntethics Network Token (SNX) transaction worth $0.00000001 had been sent on the Ethereum blockchain. The value of the token practically equals $0,...

Bitcoin (BTC)Yesterday, the price of Bitcoin crashed by over 40%, following the emerging global market crisis. Before this fatal plunge, Bitcoin showed signs of weakness consolidating around the $8000 mark for three days.Meanwhile, this whole bearish scenario started from a mid-February high of $10,500, which was later confirmed by a bearish head-and-shoulds pattern, which played out around $8500 last week.Unfortunately for Bitcoin, the price has not just dropped to a 4-month low but now...

Crypto Kitties is one of the biggest applications to be built atop the Ethereum network, but its creators are now looking to say goodbye to the world’s second largest cryptocurrency by market cap.Crypto Kitties Is Making a Home ElsewhereThe Ethereum blockchain has come under high scrutiny as of late. Once the most popular blockchain network for new tokens and applications, the platform has been hit hard by the amount of traffic it’s attracted since its birth in 2015. This traffic has resulted...

Bitcoin has crashed. There’s no pleasant way of saying it. At the time of writing, the world’s number one cryptocurrency by market cap has fallen into the low $6,000 range for the first time in virtually ten months following increased fear and panic from the coronavirus.Bitcoin Is Dropping FastFollowing news that President Donald Trump has invoked further travel bans to ensure Americans are not exposed any further, global markets everywhere tanked, with the Dow Jones falling another 2,000...