The price of bitcoin has reached a 20-day low as it dropped for $500 below $9,000 within one hour. Based on data from CoinDesk’s Price Index, bitcoin has been floating around $9,000 until 3:45 UTC on Friday after which the price has decreased sharply for $500 within one hour and reached as low as $8,587. As of press time, the price went back up to $8,741. The price drop followed a similar development seen on Thursday when bitcoin dropped towards $9,000 Read more …
Key Highlights ETH price extended declines and it recently traded below the $680 support against the US Dollar. There is a major connecting bearish trend line forming with resistance at $720 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may not even correct higher and it is likely to extend declines below the $650 level. Ethereum price declined substantially against the US Dollar and Bitcoin. ETH/USD may continue to decline and it could even test the Read more …
Today, Overstock’s Medici Ventures doubled down on its investment in the realm of digital currency for central banks. The additional $3 million dollar investment in Caribbean blockchain-based digital payment provider Bitt.com signals a reaffirmation of Overstock and Medici’s belief in the ability of digital currencies to become the de facto means of payment transactions.Medici Ventures originally invested $4 million in the Barbados-based fintech company in 2016. At the time of the initial investment, Overstock CEO, Patrick Byrne, stated, “Bitt has Read more …
Regulation Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayor’s office and cites concerned over electricity use and energy consumption. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility A Moratorium Filed Against Bitcoin Miners in Plattsburgh A few Plattsburgh politicians are concerned about bitcoin mining operating Read more …
With a multi-billion dollar eSports market set to continually grow for years to come, AstorGame is looking to rethink the way individuals participate in both betting and online gaming. Creating a blockchain-based platform for gamers, betters, and operators might prove to be the right amount of disruptive force to lead the industry. eSports and Online Gaming – Redefined AstorGame is taking on the eSports and betting industry through its unique blockchain-infused platform. At its core is the push toward a Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. In my previous article “CBOE Completes Upgrade, Other Crypto Futures Coming?“, I speculated that now that the CBOE had finished it’s latency reduction upgrades it would begin to introduce more currencies. This prediction seems to have at least partially shown some validity with statements coming out of the CBOE Risk Management Conference on Friday which featured a fireside chat with Gemini founders Tyler and Cameron Winklevoss. In the fireside Read more …
The European Union is beefing up its efforts to foster work around new technologies like blockchain. According to a 2018 Fintech Action Plan released on Thursday, the European Commission – the executive arm of the European Union – plans to form a new Fintech Lab in the second quarter in 2018. The new initiative will see participants from EU-level and national authorities, as well as technology providers in Europe, seek to raise the “regulatory and supervisory capacity and knowledge” around new technologies, Read more …
Key Points Bitcoin cash price declined further and it broke the $1,000 support against the US Dollar. There are two bearish trend lines forming with resistance near $1,040 and $1,080 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may continue to move down towards the $950 and $920 levels in the near term. Bitcoin cash price remains in a major downtrend against the US Dollar. BCH/USD remains at a risk of more losses towards the $950 Read more …
The most recent news update on the Coincheck heist is better than expected for the 260,000 traders who lost money in the theft. The Japanese cryptocurrency exchange has promised to reimburse its customers $260 million more than the current market value of the stolen coins. Coincheck Customers Get $230 Million Extra Yusuke Otsuka, Chief Operating Officer at Coincheck Inc., announced the company will now start reimbursing customers at a rate of about 88 yen (US$ 84) for each NEM coin that was Read more …
Bitcoin Price Key Highlights Bitcoin price has broken below the neckline of its double top formation highlighted previously. This confirms that bearish pressure is in play and price could fall by the same height as the chart pattern. Technical indicators, however, are suggesting that bullish momentum is still present. Bitcoin price confirmed the double top reversal signal, which suggests that further losses are in the cards. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA so the Read more …
ZeroEdge.Bet, a start-up that is building a blockchain based online casino network, is expanding its reach and will be opening brand new offices in London. The move was prompted by the unprecedented growth of business, ahead of the proposed ICO dates later this year. The ZeroEdge team are extremely excited to meet fans and followers of the Zero Edge online casino network when their new offices open within the next few weeks. The team, comprised of a range of experts Read more …
Featured More than half of Romanians living in cities know about cryptos, and 60 percent of people under 40 believe they are the future of payments. Half of young people want to pay with digital coins, according to a new poll. The survey shows growing awareness of cryptocurrencies in the country. Many of its citizens want to take advantage of the opportunities they present. Also read: More Belarusians Search “Crypto”, Question “Legalization” 17 Percent of Romanians Plan Read more …