Bitcoin’s drop to three-week lows today has likely kick-started a bearish move towards the major support at $6,000, technical charts indicate. The leading cryptocurrency fell to $6,252 on Bitfinex – the lowest level since Sept. 19 – and was last seen trading at $6,300, representing a 5 percent drop on a 24-hour basis. The failure
Cryptocurrency
Bitcoingambling.io, a site that caters to those in the cryptocurrency gaming niche, has officially added support for additional currencies. Sometimes called altcoins or alternative currencies, these coins can provide benefits to the user over using Bitcoin such as faster transaction times or even anonymous spending, as with Monero. The site, founded in 2014, was originally
Cryptocurrency exchange Gemini has hired another Wall street executive as part of its bid to attract more institutional clients. Announced in a press release, the New York-licensed exchange said that Jeanine Hightower-Sellitto – previously chief operating officer at the Nasdaq-owned International Securities Exchange (ISE) – is joining the firm as managing director of operations on
Most of the cryptocurrency market is trading in the red this morning, but the movement is trending upwards, and coins are beginning to flip green. Stellar (XLM) is just at the cusp of making the transition to positive market gains, but XRP, the coin created by Ripple, is falling far behind. Let’s take a closer
Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Co-founded by Saudi blockchain consultant Abdullah
Bitcoin is a distributed, worldwide, decentralized, digital money. The advantage of Bitcoin is that there is no central authority like a bank, company, or government issuing Bitcoin. Bitcoin might be intimidating to most restaurant owners because it’s not integrated with most POS systems. For retailers and POS companies, Bitcoin is a better alternative to credit
Bitcoin price volatility continues to drop, with one measure having reached a 15-month low. Weekly volatility, as calculated by the difference between the high and low, fell to $317 last week – the lowest reading since the first week of July 2017 – according to Bitfinex data. More importantly, the leading cryptocurrency witnessed a trading range
If you’ve been following the news and tendencies of the crypto world, you should certainly know about Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Designed to make blockchain-supported transactions more transparent and secure, these procedures have been frequently subject to criticism. But what led to such pervasive criticism? And what is so controversial
People want to use Augur, if only they could figure out how. The decentralized platform for prediction markets based on real-world events launched on the ethereum blockchain in July. Since then, it has generated excitement beyond the usual crypto circles due to its perceived potential as a trustless, un-censorable platform to bet on sports, forecast
This article covers the take of 5 experts from diverse fields of blockchain technologies on widely discussed blockchain trends. Since the inception of blockchain in the year 2008, the digital world has experienced a massive revolution. The blockchain technology has undergone a considerable evolution in a short period. It has been pushing limits and setting
So you’ve pivoted to the upper echelons of your newfound expertise and are looking to increase your skill set to enable a greater understanding of the markets. When combined with other technical tools, pivot points are valued among day traders for their ability to analyze price movement of an asset as well as defining the
There’s no doubt that Americans are showing more and more interest in cryptocurrency. A recent survey from LendEDU found that Bitcoin ownership in the U.S. is just below 14%, with over 17% interested in adding it to their portfolio in the future. One of the biggest barriers for investors to enter cryptocurrency investing is security.
Adam White, one of U.S.-based crypto exchange Coinbase’s most senior executives and fifth-ever employee, is leaving the company. White, whose most recently led the institution-focused section of the firm’s operations, was said to departing by Coinbase on Thursday, a Reuters report indicates. According to his LinkedIn profile, he has held the dual roles of vice president and
Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news. StellarX Launches! Previously, StellarX was open only to a number of individuals who signed up
With bitcoin (BTC) stuck in a narrow trading range for the 13th day in a row, the bulls need to force a move above $6,800 to confirm a breakout, according to the technical charts. BTC has been restricted to a narrow range of $6,800 to $6,500 since Sept. 22 and this lack of clear directional
Rally, a user-centric marketplace for content sharing built on Ethereum, has just started the Rally Airdrop with an allocation of a whopping two billion Rally coins as rewards for new users joining, referring, and engaging. The platform is dedicated to revolutionizing the concept of content sharing through transparency and decentralization, bypassing digital monopolies and empowering
With transaction fees “volatile and unpredictable,” sending cryptocurrencies can sometimes be frustrating. So says U.S.-based crypto exchange Coinbase in a new blog post that sets out the issues rising from shifting miner fees, and exactly what it has been doing to address the problem. As most who have sent or received bitcoin will know, the
In today’s edition of Ethereum news, we’ll cover the details of Ethereum Startup Parity Technologies adding Casper code to their blockchain toolbox and why Ethereum’s co-founder, Joe Lubin, invested in a competitor. Ethereum News: Parity Technologies and Casper Parity Technologies, an Ethereum startup, has just added an early version of the highly anticipated Casper code
Bitcoin price is vulnerable to modest slippage as the persistent failure to beat a key moving average hurdle may embolden the bears. The leading cryptocurrency has been in a narrow sideways drift in recent days. More importantly, the sideways moving 50-day exponential moving average (EMA) has proved a tough nut to crack since Saturday. BTC’s
For those who view ERC-20 tokens as potential investment opportunities, now may be a time to pay slightly closer attention. In the 20 day period from September 7 to September 27 of 2018, a sample of 574 ERC-20 tokens from the Ethereum One dataset was observed. The average price of those tokens in US dollars,
Bitcoin (BTC) seems to have built a base around a key moving average in the last four months, although, so far, it has not been able to produce a definitive bullish breakout. Throughout 2018, the leading cryptocurrency has set lower price highs, indicating the path of least resistance is to the downside. Despite the bearish
Blockchain can be explained as an innovative technology that’s designed to transform the digital landscape. It was originally a decentralized ledger used for transactions in bitcoins. This ledger comprises various linked blocks of transactions in which an identical copy was meant to be stored on every computer that was part of this network. The changes
Memes are a pretty important part of the crypto ecosystem – how else would crypto visionaries display their wit and sometimes passive aggressivity? It’s no wonder then that District0x’s Meme Factory is seeing quite the buzz. Not only did District0x raise $9 million in an initial coin offering last year, backed by Boost VC and CoinFund,
What if players could arrange a spontaneous cash game of any multiplayer title with tailored rules and the means to enforce fairness? It would need to be secure, so that gamers know there’s no chance of foul play, but also has to cater to the demands of a large number of players. Otherwise, there is
Zebpay, the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today. Giving only several hours’ notice, the Ahmedabad-based company said in a tweet that, from 16:00 local time (10:30 UTC) on Friday, it will halt its exchange service and cancel all unexecuted orders, crediting the funds to
Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of
Bitcoin missed a bull breakout by a whisker, as prices backed off from a six-day high of $6,826 hit earlier today. BTC’s persistent defense of $6,000 over the last three months has convinced many, including billionaire investor Novogratz, that the leading cryptocurrency has bottomed out around the February low. While that argument sounds logical, a
The world’s largest exchange by trading volume is changing its stance. Coinbase will begin to list more altcoins as it adopts a more ‘open-door’ process to coin applications. In a matter of weeks, we should see more Coinbase altcoins trading on the exchange. Coinbase Altcoins To date, Coinbase lists just five cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH),
Four months after first announcing the creation of a dollar-backed stablecoin, cryptocurrency finance firm Circle is releasing it to the world. Circle co-founders Sean Neville and Jeremy Allaire wrote in a blog post Wednesday that its USD Coin (USDC), developed with help from the company’s CENTRE affiliate consortium, would act as a mean to tokenize
We’ve all heard the saying that “ignorance is bliss” at some point in our lives, but this term most certainly does not apply to the financial world. In the financial sphere, ignorance is risk, not bliss. It’s for this very reason that traditional financial markets are regulated. The US markets are more than happy to
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