After several failed attempts to move ETH price above the resistance level around $148-$150, ETH broke out from the lower trendline of the ascending triangle pattern and continues its downfall. Currently, trading at 142$, if selling pressure continues from the current level, we may test the first line of support...
VanEck/Solidx now joins the race with Bitwise: The VanEck/SolidX proposed Bitcoin ETF has now officially entered the SEC register. VanEck/Solidx now joins the race with Bitwise who got registered a week earlier to launch first bitcoin ETF of U.S. The VanEck/SolidX proposal was initially filed last year but was withdrawn...
As predicted yesterday in our analysis, bears have taken over the control and pushed down the ETH USD to the first line of defense at $138 where the buyers support emerged. In the following session, the price gained some momentum until reaching 148$ level. Currently trading at 145$, ETH USD...
[inlinetweet]After Venezuela’s own national currency and JP Morgan Coin, now, South Korean city of Gimpo plans to launch their own civic currency or cryptocurrency.[/inlinetweet] The digital currency will be developed by KT Corporation, a leading telecom firm in South Korea. KT Corporation was selected as a preferred bidder who proposed...
Yesterday the ETH USD pair rallied above the $138 resistance levels to reach its new highs near 148$ where the bearish reaction was triggered. Currently trading at 144$, ETH USD pair is facing heavy resistance near 148$. If bears continue to gain strength, they may try to push it further...
Last week, trading volumes and prices of cryptocurrencies were not the only ones to see an upward movement. dApps in the last 7 days experienced a growth of 27% in transaction volume. Most of the gains in the last 7 days were observed in EOS based dApps, a rise of 37%...
In the past few sessions, ETH USD pair gained strength and broke key resistance levels at 124$ and $128. The price reached 138$ near the 61.8% Fib retracement level from previous month 100$ low to 160$ high. Currently trading at 134$, ETH price is gaining strength above the $132 support...
Starting this April purchases using Visa and Mastercard may get costlier (Source: Reuters). Change in fee structure will largely affect merchant banks (like Citigroup, JPMorgan etc) who maintain accounts for U.S. retailers. However, it is up to these merchant banks if they want to absorb it themselves or pass on...
How centralized banking system looks? Let’s understand this complex traditional banking system by breaking it down layer-by-layer. Layer 1. Say Bob wants to pay Sasha 10$. Both hold an account with the same bank ‘Deutsche bank’. Since no money is leaving or entering the bank, they just have to update...
Last week, we saw an upward move in BTC price breaking the $3,500 resistance levels to give a new yearly high at $3,710. A break just above the 50% Fib retracement level from the previous wave low at $3,350. Majority of the cryptocurrencies experienced a double-digit gain, however, Stellar remained...
