Ethereum (ETH)

At press time, bitcoin has taken something of a nosedive and is now trading for a measly $8,800.Bitcoin Drops AgainWhile the price isn’t nearly as bad as it could have been, the currency has fallen below the $9,000 line, which is where it’s been for nearly two weeks. Things ultimately took a nasty turn for bitcoin and cryptocurrencies in general in late September when Bakkt – the institutional crypto trading platform owned by the Intercontinental Exchange (ICE) – debuted to rather lackluster...

Not long ago, it was reported that a user of the cryptocurrency trading platform Bitfinex was responsible for the manipulation that ultimately caused bitcoin to reach the $20,000 mark in December of 2017. However, the company is now rejecting this report, saying that it was built on false evidence and a “house of cards.”Bitfinex: The Report Is Not TrueThe report was co-authored by John Griffin, a University of Texas finance professor who issued a separate report last year first making claims...

Photo: ShutterstockRemember Blockbuster video stores, Nokia mobile phones, the Palm Pilot, and Polaroid cameras? All were once dominant in their respective fields, but no longer. The reason? They were all overtaken by technological advancements that rendered them irrelevant or obsolete in the eyes of their customer base. And something similar is happening in the banking industry. The days of queuing at the counter and having a chat with the bank clerk when your turn comes appear numbered....

A recent study published by two US academics claimed that Tether and Bitfinex manipulated Bitcoin’s parabolic rally in 2017. Days after the publication, Tether has issued an official response denying the merits of the report, saying that the paper lacks credibility.Tether’s ResponseA few days ago, two university academics updated a paper they have previously published in 2018 regarding a possible price manipulation in the cryptocurrency market. As per their report, the 2017 price surge was...

Tether has fired back at the authors of a study who claimed that the 2017 bull market was triggered by Bitfinex. The Tether team claims that the authors do not know how the cryptocurrency market functions. Tether assures that it never conducted activities with the purpose of manipulating the cryptocurrency market. Tether issued an official response to a research paper that claimed that a single market whale on Bitfinex manipulated the price of bitcoin in 2017. A Lone Bitcoin Whale On Nov....

Software giant Microsoft is developing a new way to ensure newly created cryptocurrency tokens are easy to audit and much harder to fabricate.Microsoft Brings Azure to the TableKnown as Azure Blockchain Tokens, the platform has been utilized by several video game companies to create tokens that players can earn through gameplay. Now, Microsoft is taking the system to new heights and spreading its services to companies like General Electric, which is now among the first major conglomerates...

The crypto market may not be growing as quickly as many had hoped, and there have been some unexpected twists and turns. Nonetheless, the blockchain space is more mature today than it was two years ago, with some of the froth having been removed and a leaner and meaner ecosystem taking shape. In 2017, the last time the bitcoin bulls were in control, it was a different world. Billionaire Mike Novogratz concedes to having gotten swept up in it, saying at the Reuters Global Investment Outlook...

For the past ten days, Bitcoin is trading inside a tight range, which is very unlikely for the primary cryptocurrency.We can almost say that the past week was boring for the heavy crypto traders. However, this stability could come up to an end very shortly.Looking on the following 4-hour chart, we can see that Bitcoin is forming a symmetrical triangle with a Bullish bias, from the fact that it can turn into a bull flag very quickly (in the case of a breakup).Despite the above said, since...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysisBrexit helps the BTC – Easy CryptoChina does not consider mining unwanted activity anymoreOn W1, the Bitcoin is trying to secure above the resistance line it has overcome. This might mean that the market players are waiting for yet another impulse of growth to the local resistance at $11321.00. However, growth to the main peak at $13857,20 in neither excluded.On the MACD, the histogram is still in the...

EOS price is trading nicely above the $3.320 and $3.400 support levels against the US Dollar.The price is currently correcting lower and it might test the $3.400 support area.There is a key bullish trend line forming with support near $3.440 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to find support on the downside and it might resume uptrend above $3.600.EOS price is gaining traction above $3.400 against the US Dollar, and remains well bid vs...