Ethereum (ETH)

Photo: ShutterstockDmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.The Bitcoin keeps correcting inside a flat. There are expressed resistance and support areas on the chart but the quotations have not yet managed to escape the channel. There are chances that, however, the leading cryptocurrency might break through the upper border of the range...

So-called “bitcoin whales” appear to have a considerable influence on the cryptocurrency market, according to a new report. At the same time, whales are a dying breed. The founder of crypto watchdog Whale Alert explains why. It’s fair to say that bitcoin whales have a reputation for running the show when it comes to the crypto markets. Whether this is an accurate account of the role whales actually play within the ecosystem remains an open question. With his eyes trained on every major...

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...

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right...

Ripple is trapped in a heavy lawsuit, but the plaintiff – a customer named Bradley Sostack – has ultimately run out of time when it comes to responding to the company’s notion to dismiss, and it’s unclear where things will go from here.Where is the Ripple Suit Headed?The lawsuit stems not just from Sostack, but from several customers who seem to think that Ripple is a security and failed to appropriately register. They claim that the company has employed false advertising and that the...

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

VeChain (VET) approaches $0.005 on Tuesday for the first time since Aug. 12. VeChain co-founder and CEO Sunny Lu will deliver a keynote address at The Capital, an upcoming industry conference hosted by CoinMarketCap. The broader cryptocurrency market consolidates slightly higher as the majors reported modest gains. VeChain’s token value surged on Tuesday, reaching its highest level in almost three months after CoinMarketCap confirmed that the supply-chain management company will...

The surge of interest in China woke up the entire cryptocurrency market and boosted Bitcoin’s trading volume. Yet, Bitcoin maintains relative stability, and the market is waiting to see the direction in which it will take off towards the end of the year.The altcoin market also felt the surge, and it seems that a lot of them are strengthening their communities and surviving the harsh crypto winter. Moreover, we continue to see a lot of additional fundraising and, perhaps, the relatively small...

BitcoinOn the daily chart, Bitcoin’s price was maintained by the support in the range of the 200MA which is forming around $9100. It’s fragile and it could lose altitude down to the $8600 area. Resistance in this range is at around $9600 and it seems stable. However, it should be accounted for the fact that the market is in a volatile period and it’s not advisable to hold Stop-Loss orders these days.EthereumAgainst the USD, ETH failed to break the resistance at $190 and the price was...

The fate of Facebook’s Libra cryptocurrency is pretty much hanging in the balance and has somewhat been so since it was first announced a few months ago. There has been so much backlash from authorities, with Congress specifically asking Facebook to halt the development progress until further notice. Now according to Ethereum co-founder Joseph Lubin, the biggest problem that the Libra faces is Facebook itself.Lubin recently spoke to CNBC’s Squawk Box, and specifically mentioned Facebook’s...