Ethereum Price Weekly Analysis – ETH/USD Upsides Remain Capped

Key Highlights ETH price is currently recovering, but upsides remain capped by the $460 level against the US Dollar. There is a major bearish trend line forming with resistance at $460 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct a few points in the near term, but it will most likely face sellers near $450-460. Ethereum price is under huge selling pressure against the US Dollar and Bitcoin. ETH/USD is likely to extend declines once the current correction is complete. Ethereum Price Resistance There…

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Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses

Join our community of 10 000 traders on Hacked.com for just $39 per month. After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin Gun Sirer stated that a mature market should have assets that are performing independently from each other. “Indeed, a mature market…

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NEO, EOS, LTC, IOTA and Lumens:Technical Analysis March 31, 2018

If Bitcoin is dead or not, that’s subject to interpretation. Of course, it also depends on if you are a supporter or not. In my opinion, if BTC depreciation continues, other (most) altcoins might follow suit. Besides Tron which is charting new heights and aiming for a spot in the top 10-its down 20% in the last 24 Hrs, others like LTC continue to face the sword. From our altcoins technical analysis, we might expect to see some slight recovery and thereafter, prices might continue dropping to new lows. Let’s…

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OKEx to Roll Back ‘Irregular’ Futures Trades After Bitcoin Price Crashes Below $5,000

Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchange giant OKEx is rolling back a series of Bitcoin futures transactions in response to an “irregular” sell-off that was localized to the trading platform. The Hong-Kong based exchange announced on Friday that it would reverse transactions that occurred this morning between 4:47 am and 6:30 am Hong Kong Time (HKT) when Bitcoin futures inexplicably plunged as low as $4,755 on OKEx even as the global average Bitcoin price remained closer to $7,000. After halting…

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Riot Blockchain Acquires Futures Brokerage After Crypto Pivot

Riot Blockchain, a former biotech company that pivoted to cryptocurrency last year, has acquired a registered futures brokerage. In a filing this week with the Securities and Exchange Commission, the company said it acquired 92.5 percent of Miami-based Logical Brokerage Corp and “intends to investigate launching a digital currency exchange and a futures brokerage operation within the United States,” though it is unclear if or when such an exchange would launch. The filing further stated that Riot Blockchain will begin announcing the results of its cryptocurrency mining operations with monthly…

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Telegram Doubles Amount Raised in ICO to $1.7 Billion

Messaging app provider Telegram has successfully raised another $850 million through its initial coin offering (ICO) private sale, public documents reveal. According to a Form D disclosure filed with the U.S. Securities and Exchange Commission (SEC) by Telegram founder Pavel Durov on Thursday, the funds raised were “purchase agreements for cryptocurrency.” The company announced it had raised $850 million in late February in the initial ICO phase, which was already at the time one of the largest amounts raised via a token sale to date. Notably, the filing states that “this…

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Bitcoin Price Retreat Weighs Heavily on Demand for Crypto Jobs

Join our community of 10 000 traders on Hacked.com for just $39 per month. There is a correlation between bitcoin price performance and interest in the bitcoin and cryptocurrency job market, a new report by job site Indeed’s Hiring Lab reveals. When times are good in the bitcoin price, it’s reflected in rising demand for cryptocurrency and bitcoin jobs. But as soon as the bitcoin price gets rocked by volatility or worse, weakness, investors aren’t the only ones to flee. In the past few months, people on the job hunt…

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Sell-Off Over? Bitcoin’s Price May Be Nearing Bottom

Bitcoin (BTC) prices dropped to a 50-day low of $6,630 earlier today, but a glimmer of good news for the bulls is that the cryptocurrency appears to be nearing a bottom. To start with, BTC tends to reverse course every time the relative strength index (RSI) drops to or below 30.00, according to historical data (see chart below). As of writing, the relative strength index is close to that mark, at 32.00. At press time, bitcoin is changing hands at $6,950 on Bitfinex, while the average price across leading exchanges,…

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Singapore Launches Blockchain Challenge with Funding Prizes

Singapore’s government is launching a challenge that will reward successful blockchain projects with funding. In an announcement Thursday, Singapore’s Infocomm Media Development Authority (IMDA) said the challenge aims to boost blockchain innovation as part of a wider goal of the digital transformation in the city state. According to the fact sheet for the challenge, the bureau is specifically targeting two categories of blockchain applications: “enterprise” and “transformation.” The agency further explains that it is looking for distributed ledge technology that can either streamline business operations or that more broadly envisions changes…

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Japanese IT Giant Fujitsu Launches Blockchain Innovation Hub in Europe

Join our community of 10 000 traders on Hacked.com for just $39 per month. The adhesion of the blockchain or distributed ledger technology (DLT) among big companies worldwide has generated a real “Ledger running” mainly among companies in the technology sector. Google, Microsoft and Amazon are just a few of the world’s giants looking to deploy new solutions that use blockchain to provide more security, reliability and new features for building an increasingly connected world. However, noting this new data market, companies like Bosch, Volkswagen, Continental, usually associated with hardware…

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