Ethereum Price Analysis: Selling ETH Close To $135 A Good Deal

ETH price failed to climb above the $137 resistance and declined later against the US Dollar. The price declined heavily and broke the $134 and $132 support levels. Yesterday’s highlighted key bearish trend line is active with resistance at $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher, but it is likely to face sellers near $134 and $135. Ethereum price declined sharply below key supports against the US Dollar and bitcoin. Read more …

Crypto Mining Giant Bitmain’s IPO Application Has Officially Expired

Cryptocurrency mining equipment maker Bitmain’s application for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) has officially lapsed, meaning no such transaction is happening anytime soon. According to an update on the HKEX’s website, Bitmain’s case has been moved to a group of “inactive” applications and is now labeled as lapsed, six months after the company filed the prospectus on Sept 26. If it still wishes to pursue a listing, Bitmain can re-file the application, but the company would Read more …

Despite Constant Controversy, Wall Street Backs Trump for 2020

Corporate America is backing Donald Trump to win the 2020 presidential elections despite the overhang of controversy that follows him around. Wall Street finds it impossible to look beyond Trump’s results in terms of GDP growth and record levels of low unemployment. Though the president has spent much of his first term struggling with the worst approval ratings for any U.S. president since Richard Nixon, it seems the broader U.S. population is starting to get on the Trump bandwagon driven Read more …

VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork   ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts. Read more …

Bitcoin (BTC) Drops Below 4,000 After Approaching Historical Resistance Level

Bitcoin has broken below its recently established trading range between roughly $4,000 and $4,100 that was formed a couple of weeks ago. Although BTC has been somewhat stable as of late, this lack of major volatility should not fool traders as the cryptocurrency typically makes a large price swing after long bouts of sideways trading. Now, Bitcoin is beginning to push up against a key resistance line that the cryptocurrency has failed to break above on multiple occasions over the Read more …

Despite Trump Jabs, Fed Rate Hikes May Be the Dow’s Saving Grace

Complaining about the Federal Reserve’s approach to monetary policy has been one of President Donald Trump’s favorite activities. However, as talk of recession picks up after a temporary inversion of the yield curve, Jerome Powell’s hawkish approach will be a tremendous asset to the U.S. globally. Meaningful stimulus can help put a floor under the Dow Jones as most of the developed world is stuck on interest rates around zero. No One Should Be Excited by a Fed “Pause” Trump Read more …

Survey Claims Women Economists Still Victims of Sexism in the Workplace

Women may be fearless, but they’re still discriminated against in the workplace. A new survey by the American Economic Association (AEA) reveals that the professional climate for female economists remains a bit chilly despite the strides that corporate America is making toward a more level playing field. The AEA canvassed tens of thousands of economists between year-end 2018 and early 2019, more than 9,000 of whom completed the survey. Results suggest that the field of economics has some work to Read more …

QuadrigaCX Would Never Have Lost Crypto Keys Had It Been in Bermuda, Says Premier

The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25. Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death last December, and financial difficulty the exchange subsequently faced. QuadrigaCX has not been able to access its cold wallets where it kept most of its Read more …

Rakuten Wallet Launch Announced: March 30, 2019

Rakuten Inc. just announced their intention to terminate “All Bitcoins Inc.” and launch their own “Rakuten Wallet” on March 30. Businesses launching crypto wallets is nothing new, following companies like Line, KIK and KakaoTalk. The news comes after Rakuten completed their filings as a virtual currency exchange company (VCEX.) The company stated: Rakuten Wallet will contribute to the sound growth of the market as a virtual currency exchange company and will further enhance security and provide enhanced services so that Read more …

New Crypto Wallet Service Bringing Digital Currency to WhatsApp Users

In an effort to promote the widespread adoption of crypto, a team of developers have created a wallet that will allow its users to access digital currency services from within their favourite messaging applications such as WhatsApp. Using the Wuabit service users will soon be able to send, receive, trade, and perform other tasks relating to crypto assets from applications they are already highly familiar with. Wuabit’s WhatsApp-facing service is currently close to completion, after which the team will look Read more …

Crypto Must Leave Behind the Individualism of the Early Cypherpunks

Ethereum (ETH) co-founder Vitalik Buterin has argued that the crypto community should evolve beyond the individualism associated with its early cypherpunk days and harness technology to create new, equitable and innovative systems with positive social impact. Buterin made his comments during a keynote speech at the RadicalxChange conference in Detroit, Michigan on March 24, BreakerMag reported on March 25. Buterin had jointly initiated RadicalxChange with economist Glen Weyl, co-author of the book “Radical Markets,” which argues in favor of rethinking Read more …

Apple’s Big Idea Is… a Credit Card?

What do you do if you are the world’s most valuable publicly traded company, but your stocks are down, sales have plateaued, and your signature product line is not delivering barnstorming results as it used to? Do you invest in R&D to develop a stunning new product or feature that will get your sales and stock numbers back up? Do you find a new market segment to penetrate and deliver value to your shareholders? Or do you completely lose your Read more …