Key Highlights ETH price is slowly moving higher and currently trading near $301 against the US Dollar. There are two bearish trend lines with resistance near $303 forming on the hourly chart of ETH/USD (data feed via SimpleFX). A break and close above $303 could take the price towards the next resistance near $318.50. Ethereum price is testing a major hurdle against the US Dollar and Bitcoin. Let’s see if ETH/USD can break $303 for further upsides in the near Read more …
MobileGo continues to rake in losses versus counterparts bitcoin and ethereum as news of China shutting down exchanges has weighed heavily on investor sentiment. MobileGo vs. Bitcoin MobileGo was off to a weak start this week and appears to be having no success in attempting to break past the 0.00013 resistance. Volume has been subdued but bears are defending that level strongly, likely pushing MobileGo to dip back to the spikes down close to 0.00011. However, it’s also worth noting Read more …
Vietnamese investors are in a hurry to import crypto mining equipment. As the bitcoin price continues to flourish — despite the Chinese putting a stop to domestic ICOs — investors desperately want mining equipment. However, the legality of bitcoin and cryptocurrency in Vietnam is unclear, and getting miners through customs is difficult. A Vietnamese article elaborated: “In Vietnam, The General Department of Customs (GDC) is still considering whether to allow computers imported to mine bitcoin to get custom’s clearance. The State Read more …
The crowdsale of PlusCoin tokens has been launched on September 10, 2017, announced the team. The public sale is focused towards raising funds for the development of an independent crypto-cashback platform. The proposed platform will replace the traditional cashback tools with blockchain-based tokenized tools. The problem with traditional models is mostly related to speed and lower reward returns. Blockchain, on the other hand, makes it possible for people to receive cashback as soon as they make a purchase. In a Read more …
As the world’s first legally-complied tokenized investment solution platform, Blackmoon Crypto raised nearly $10.6 million in its recently concluded pre-ICO round. The outcome demonstrated vast demand for a platform that bridges the gap between the crypto universe and the traditional investment market. Blackmoon Crypto revealed that a total of 2804 contributors had participated in the “pre-order”, adding 500 BTC, 18,355 ETH and 12,620 LTC to the fundraising wallet. They will be first ones to receive Blackmoon Crypto’s institutionalized tokens, titled Read more …
With the increasing price of Bitcoin and Ethereum bringing attention to Blockchain technology, corporations are researching ways the technology could be used to optimize their existing business processes. More than $16 bln lost in identity thefts and frauds Considering the billions of dollars lost in fraud and online identity thefts, one of the increasingly impactful areas for Blockchain technology is in securing payment transactions. With this goal in mind, a new Blockchain company called UTRUST is taking on the challenge Read more …
As politicians from Washington to Seoul consider imposing new sanctions on North Korea, Kim Jong Un’s regime appears to be stepping up efforts to secure bitcoin and other cryptocurrencies that could be used to avoid additional trade restrictions. North Korean hackers are increasing their attacks on cryptocurrency exchanges in South Korea and related sites, according to a new report from security researcherFireEye Inc. They also breached an English-language bitcoin news website and collected bitcoin ransom payments from global victims of Read more …
The standard that governs how new cryptographic tokens can be launched on top of the ethereum blockchain has been been finalized. Revealed today by the open-source project’s developer team, the ERC-20 standard establishes a common set of rules for tokens issued via ethereum smart contracts, and currently serves as the basis for the many tokens that have been released through initial coin offerings (ICOs). The standard has now been formalized on the ethereum GitHub page, meaning that going forward, all tokens built on Read more …
The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. After banning initial coin offerings last week, China is expected to ban trading of cryptocurrencies on domestic exchanges. This news has started a correction in the digital currencies. It’s not the first time that China has meddled with cryptocurrencies. The market had briefly Read more …
Within a period of three days, bitcoin experienced two minor corrections, pulling back the upward momentum and strong rally it had maintained for a few weeks. Last week, the Chinese central bank, the People’s Bank of China (PBoC), temporarily suspended all initial coin offerings (ICOs) and officially declared ICO as an illegal fundraising method. The abrupt announcement from PBoC affected the entire cryptocurrency market. But, as bitcoin mining and blockchain research firm BitFury Vice Chairman George Kikvadze explained, the impact Read more …
In late July, the U.S. Securities and Exchange Commission (SEC) announced that virtual tokens, such as those sold by the decentralized autonomous organization (DAO), are securities and therefore now subject to federal securities laws. While the SEC announcement recognized that not all blockchain-based tokens are necessarily securities — Ether is not a security, while the DAO tokens are — the announcement should be taken seriously by companies seeking to launch an initial coin offering (ICO) under U.S. jurisdiction. Other countries Read more …
Blockchain tech entrepreneur and innovator Vitalik Buterin says that the current wave of cryptocurrencies may eventually become a part of the centralized financial systems that they were supposed to be protesting in the first place. Buterin, who created the first Blockchain-based computing platform Ethereum, was at a local meeting of tech startups and tech individuals in Tel Aviv, Israel when he made the statement. The future is not as bright? Buterin, who also supports the Blockchain startup OmiseGO, said that Read more …