Category: Cryptocurrency News

Key Highlights Ripple price is holding the $0.5500 and $0.5520 support levels against the US dollar. There is a major breakout pattern formed with resistance at $0.5820 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must hold the $0.5500 and $0.5520 support levels to climb higher in the near term. Ripple price is positioned for more gains against the US Dollar and Bitcoin. XRP/USD may continue to slowly rise towards the $0.5800 and $0.5900 Read more …

News Alleged founder of Silk Road, Ross Ulbricht, marked his fifth year in prison. October 1st, 2013, Mr. Ulbricht began a double life sentence without the possibility of parole for his alleged founding and running of the Silk Road online marketplace. On the occasion of his fifth full year, FreeRoss.org launched a new project to raise awareness of his story and how he might one day be released. Also read: US Regulator Moves to Sanction Plexcoin’s Lacroix and Paradis-Royer Ross Ulbricht Read more …

Key Highlights ETH price remained in a tight range above the $222 and $223 support levels against the US Dollar. Yesterday’s highlighted key bullish trend line is intact with support at $224 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb higher slowly and it could even surpass the $234 and $238 resistances. Ethereum price is slowly gaining traction against the US Dollar and bitcoin. ETH/USD needs to clear the $234, $236 and Read more …

Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. Although BTC was expected to break out of major resistance levels at $6,800 and $7,000, its low volume prevented it from recording a major movement on the upside. Earlier today, on October 2, Ripple Labs introduced three partnerships with major banks including the $80 billion banking giant Banco Santander. One Pay FX, a platform operated by Banco Santander, became the world’s first mobile Read more …

Markets immobile at the moment; Nem making moves, XRP and Tezos falling back. There has been little movement on crypto markets over the past 24 hours. Total capitalization has dropped a little and red is seeping into the crypto charts. The majority of altcoins have declined a little over night but one or two are still making gains. Bitcoin is really struggling to break out of its channel and is still sitting at $6,600. BTC needs to break through resistance Read more …

Korea Investment Partners (KIP), the largest venture capital firm in South Korea, is investing in its first blockchain startup. Announced Tuesday, KIP is investing an undisclosed amount of money into Temco, a blockchain-based startup that aims to revolutionize supply chain management systems for small- to medium-sized businesses (SMEs) using blockchain technology. Specifically, according to Temco’s website, vendors can track the movements of products from distribution to eventual consumption on a blockchain, and then share the data as well. “Temco is more Read more …

Key Points Bitcoin cash price found support above the $500 level and started an upward move against the US Dollar. Yesterday’s highlighted connecting bearish trend line with resistance at $535 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to continue higher towards the $560 and $570 levels in the near term. Bitcoin cash price is placed nicely above the $520 support against the US Dollar. BCH/USD may accelerate towards the Read more …

Stellar Lumens Price Key Highlights Stellar Lumens has formed higher lows and found resistance around 0.2600 to create an ascending triangle on its 1-hour chart. Price is nearing the peak of its formation so a breakout in either direction could take place really soon. Technical indicators are giving mixed signals on where the breakout might go. Stellar Lumens price is consolidating in an ascending triangle formation on the short-term chart, with traders waiting for direction. Technical Indicators Signals The 100 Read more …

Investors in German ICOs have lost up to 90 percent of their capital, Cointelegraph auf Deutsch reports Monday, October 1. German business magazine WirtschaftsWoche compared the token issue prices of Initial Coin Offerings (ICO) carried out by German startups with the prices of early September 2018. The report found that, with up to 90 percent loss in value, the German startup coins lost even more value than lead coins like Bitcoin (BTC) and Ethereum (ETH), which have also fallen sharply Read more …

Bitcoin Price Key Highlights Bitcoin price is still stuck inside its triangle consolidation pattern on the 1-hour time frame. Price is nearing the peak of its formation so a breakout could take place soon. Technical indicators are still giving mixed signals on which direction the breakout might go. Bitcoin price is nearing the peak of its consolidation pattern, which means that a breakout is bound to happen soon. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA Read more …