Welcome to News BTC’s Market Outlook September 22. DASH/USD DASH rallied a bit during the day on Thursday, as cryptocurrencies, in general, are fairly quiet. In fact, out of the cryptocurrencies that I follow, DASH was the strongest performer. Because of this, I think that we continue to see buyers on dips, and it could lead the way for other cryptocurrencies to go higher. A break above the $370 level has this market looking for the $375 level, and then Read more …
Hello and welcome to News BTC’s Market Outlook September 22. ETH/USD Ethereum continues to grind sideways overall as crypto currencies have been quiet lately. This makes a lot of sense though, because quite frankly the shakeup in the crypto currency markets demand that stability comes back. That’s exactly what we are seeing, so I think it’s only a matter of time before the buyers return and send this market above the $300 level. Ultimately, a pullback from here should be a Read more …
Hello and welcome to News BTC’s Market Outlook September 22. BTC/USD Bitcoin went sideways again during the session on Thursday, as we continue to see the $4000 level offer a bit of noise. Ultimately, I believe that eventually the markets will continue to go higher, as we have been in an uptrend for some time, I think that we may be trying to build up a base first. This makes a lot of sense though, because Bitcoin was essentially attacked by Read more …
Key Highlights Ethereum classic price declined further and even tested the $10.00 level against the US Dollar. There is a new contracting triangle pattern forming with resistance at $11.00 on the hourly chart of ETC/USD (Data feed via Kraken). The pair might correct a few points in the near term, but upsides remain capped by $11.00-11.50. Ethereum classic price started a new bearish trend against the US Dollar and Bitcoin. ETC/USD might continue to decline and could even break $10.00. Read more …
Germany’s central bank has published a new research paper centered on distributed ledger tech (DLT), exploring its use for payments, securities settlement and more. Researchers from the Deutsche Bundesbank wrote in the paper that the tech “offers a number of benefits on account of the distributed storage of data” – highlighting both the potential opportunities […]<br />The post Germany’s Central Bank: Consumers Won’t Use Blockchain for Payments appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since Read more …
Key Highlights ETH price struggled to move higher and broke an important support at $284 against the US Dollar. Yesterday’s highlighted declining channel pattern with support near $270 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price might continue to decline and could even trade towards the $240 level. Ethereum price upside seems to be exhausted against the US Dollar and Bitcoin. ETH/USD broke $280 and now it can even test the $240 support in Read more …
The Australian Securities and Investments Commission (ASIC), the Australian Securities and Investments Commission, is working to regulate markets through the blockchain. In its Data Strategy 2017-20, which is entitled “How we want to capture, share and use data”, the ASIC presents how the future acquisition and processing of data is presented. A blockchain-based approach seems to play a central role. Thus, the paper mentions “regulatory nodes”, which are intended to play a role in receiving and acquiring data. This is Read more …
Key Highlights Ripple price failed to move higher and traded below the $0.1750 support against the US Dollar. There are two key bearish trend lines forming with resistance near $0.1800 and $0.1880 on the hourly chart of XRP/USD (data source from Kraken). The price might correct a few points higher, but upsides remain capped by $0.1900. Ripple price moved down further against the US Dollar and Bitcoin. XRP/USD is likely to decline below $0.1700 and remains at risk. Ripple Price Read more …
These days we are witnessing new cyber attacks, with governments and large corporations collecting our private data from the Internet. Many will recall the big data leaks, such as the leak of credit card numbers, names and addresses from the Ashley Madison dating agency in 2015. This sensitive data was then used to allegedly blackmail the people whose data it was. Large companies like Google and Facebook collect our data for marketing purposes and to be able to create targeted Read more …
Key Points Bitcoin cash price struggled to remain in the bullish zone and moved below $500 against the US Dollar. There was a break below a major bullish trend line with support near $475 on the hourly chart of BCH/USD (data feed from Kraken). The price is just holding the $410-420 support area, but remains at a risk of more losses. Bitcoin cash price failed to gain pace against the US Dollar. BCH/USD broke a key support near $475 and Read more …
Sometimes it makes sense to step back and assess the big picture, else you can get mired in the daily details and become depressed or listless. Bitcoin is not dying; in fact, it’s doing just fine. The news has recently been full of fear, uncertainty and doubt (FUD), and it’s time to remind everybody of how far we’ve come this year. What are we so afraid of? The market has been jittery lately with rumors afoot about what China may Read more …
Digital currency mining has reached the point where all mining equipment combined uses more electricity than Iceland. However, the cryptocurrency market capitalization is still minuscule in comparison to other traditional markets. Such electricity consumption may soon become unsustainable if the adoption rate of digital currencies continues to grow at its current pace. Higher mining difficulty Bitcoin mining difficulty is adjusted every 2016 blocks to remain at roughly 10 minutes per block. As more mining capacity is brought online, the difficulty Read more …