Ethereum (ETH)

It appears that China is waking up to blockchain, and this did to the market what Bakkt’s futures failed to. President Xi Jinping urged further adoption of blockchain-based technology, and his statement might have been one of the reasons for Bitcoin’s 40% surge over the past few days.Indeed, Bitcoin had its best week since May. It’s not the first time that statements from China have rocked the markets, although this move left most technical analysts surprised. It also saw a lot of short...

BitcoinThe spike from $7,350 to $10,348 brought the hype around Bitcoin back and the declines are already behind our backs. The price corrected down to $9100 and we can also see attempts to build support in this range and the 0.38 Fibonacci levels, suggesting a bullish trend on the charts. A healthy correction would restore the 0.618 Fibonacci levels in the $8500 range, leading up to the next level at $10,200.EthereumAgainst the USD, the price is trying to break the resistance built around...

The inaugural Lightning Conference was held in Berlin, Germany on the weekend of October 19/20, 2019. It was the first global conference exclusively focused on the Lightning Network.The goal of the conference was to build on the momentum that the Lightning Network has gained in 2019 and to bring together Lightning developers, implementations and the broader community. The feedback of the conference has been overwhelmingly positive with over 500 attendees and 90 speakers from across the...

MasterCard announced that it is partnering with food track-and-trace software provider Envisible. Through that partnership, the companies will create a blockchain-based supply chain platform that will enable supermarkets to trace the origin of seafood sold at Topco Associates. Topco is a $14 billion food cooperative that is based in Illinois.Envisible’s new Wholechain traceability infrastructure will be powered by Mastercard’s blockchain-based Provenance Solution service. Announced on October...

A recent report by Binance Research shows that $6.4 billion worth of cryptocurrency is being staked. As staking systems have grown, more and more people have been drawn to them because of the potential rewards. However, it’s worth noting that staking has some hidden risks as well.The Proof of Stake SituationSome of the most notable cryptocurrencies are based on a Proof of Stake algorithm, and they have drawn a significant amount of cryptocurrency to be staked on their networks, according to a...

Ethereum price is showing a lot of positive signs above the $180 support area against the US Dollar.ETH price is likely to climb above the $190 and $196 resistance levels in the near term.There was a break above a crucial bearish trend line with resistance near $174 on the 4-hours chart (data feed from Coinbase).The price is setting up for another upward move and it could even surpass the $200 resistance.Ethereum price is gaining bullish momentum above $180 against the US Dollar. ETH price is...

The TRON network has received another boost, as the blockchain will now be available in Samsung’s Blockchain Keystore. The announcement comes shortly after the project successfully upgraded its Odyssey protocol.TRON Available in Samsung’s Blockchain KeystoreAccording to recent reports, TRON, already one of the more popular cryptocurrency projects, has been integrated with Samsung’s Blockchain Keystore. The news came as TRON’s founder, Justin Sun, prepared to appear at this week’s Samsung...

FeaturedThe introduction of Bitcoin and cryptocurrencies to the financial sector has undoubtedly created a plethora of novel opportunities to produce financial returns. One such opportunity is PrimeXBT’s affiliate program, which claims to be one of the “most profitable” systems of its kind in “the world.”PrimeXBT recently revealed in a blog post that it would be expanding and diversifying its affiliate offering, which has already netted users hundreds of thousands of dollars since its launch...

The vice-chairman of the China Center for International Economic Exchanges (CCIEE), Huang Qifan, has said that his country will launch the first-ever blockchain-based central digital currency. While he doesn’t believe in Facebook’s potential digital currency, Libra, he feels that such currencies are actually needed in the market as current payment methods appear to be outdated.China’s Central Bank to Launch a Digital CurrencyHuang spoke at the Inaugural Bund Financial Summit of 2019, which is...

Recently Bakkt announced that they had set a new daily record. They traded 1,183 contracts, respectively. One contract equals one Bitcoin, which means that the total volume was around $11 million. Also, this aligned with the recent Bitcoin price surge of 40%. This set people running back to the exchanges to grab a piece of the pie.Also, China news was a big factor in the recent surge in volume and Bitcoin price. China recently announced that they officially will embrace blockchain technology....