Possible Bear Pennant Suggests End to Market Consolidation

Looking back at bitcoin’s parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current all-time high: Figure 1: BTC-USD, 1-Day Candles, Macro Trend Over the last couple days, bitcoin has attempted to break the overhead resistance surrounding the 38% retracement values and the 50 EMA on the daily candles. Unfortunately, it hasn’t gathered…

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Cryptocurrency-Friendly Regulations in Belarus Could Attract Foreign Capital and ICOs

At the end of 2017, Belarus President Alexander Lukashenko signed a “Digital Economy Development Ordinance,” aimed at developing the country’s IT sector and attracting blockchain technology companies, capital and talent from all over the world. “Belarus becomes the first state in the world which opens up broad opportunities for the use of the blockchain technology,” said Lukashenko. “We have all opportunities to become a regional center of competence in this field.” According to the Belarus News Agency, the new ordinance gives “a serious competitive edge” to the country in the creation…

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Hyperledger Releases Sawtooth 1.0

Hyperledger is a collaborative cross-industry effort to advance blockchain technology that is hosted by The Linux Foundation. Today, January 30, 2018, sees the release of Sawtooth 1.0, the second active Hyperledger project to reach 1.0, following Hyperledger Fabric 1.0 in July 2017. Sawtooth is a modular platform for building, deploying and running distributed ledgers using a new consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption. Sawtooth was originally contributed by Intel and saw its graduation from “Incubation” to “Active” status in…

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Tron (TRX), Cardano (ADA), and Stellar (XLM) Down

The top 14 cryptocurrencies on the market are all seeing red today, hitting double-digit percentage losses. Only ten digital tokens within the top 100 are seeing gains today. Correction is inevitable but the reason for the slight drop today remains unclear at this time. >> Read about the top crypto performers from today Tron (TRX) Source: CoinMarketCap Tron has been one of the altcoins that has been heavy in the media for both praise and scrutiny over the past few weeks. It took a monumental leap the first week of January…

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Over One Million People in Line to Use Robinhood’s Crypto Service

Unsurprisingly, there is a high demand for cryptocurrency trading apps that don’t charge any transaction fees. Last week, U.S.-based stock brokerage app Robinhood became the latest to hop on the cryptocurrency train by announcing that it will add a zero-fee cryptocurrency trading feature to its platform. As of today, more than one million users have already signed up to gain early access to the new service. >>Move Over Coinbase: Robinhood Adds Zero-Fee Crypto Trading Feature The app, which is super popular among the younger generation in America, was estimated to…

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Coincheck Exchange Will Repay Hack Victims

Late last week, the largest crypto exchange hack took place. CoinCheck, headquartered in Tokyo, had $530 million USD worth of NEM stolen from the exchange. The company announced today that it will repay the 260,000 customers that were affected by the hack on its platform. It remains unclear as to where the company is getting this money but it claims repayments will come directly from their own funds. Currently, there is no timeline as to when refunds will be distributed. CoinCheck’s website currently reads: “We would like to offer our sincerest…

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YouTube Hack Leaves 1.3 Billion People at Risk

Have you ever visited or watched a video on the Website YouTube? I’m sure most of us have at some point. Last week it was discovered that hackers have used the video streaming giant to mine cryptocurrency on users computers. Just recently the company started implementing more advertisements into its videos, as it has always had advertisements before and between videos, and it seems hackers took advantage of this. How was the YouTube hack discovered? While users were watching ads on YouTube, it automatically triggered anti-virus software on some computers.…

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China’s Answer to Ethereum Takes the Market by Storm

The “year of the altcoins” is in full swing. Currently, altcoins hold 66.5% of the total cryptocurrency market cap. Just a year ago, Bitcoin (BTC) held 85.16% percent of the total market. The rise of NEO is something worth paying attention to. The altcoin has been taking the market by storm this past year, and even more so today. Source: CoinMarketCap The Rise of NEO A project that has begun standing out among the rest of the pack most recently, is NEO (NEO). The team behind the project named the coin…

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Cryptocurrencies Under $5: 5 Affordable Crypto Coins

Everyone’s heard of Bitcoin, but how many people can actually afford it? Sure, you could buy 0.0001 BTC, but where’s the fun in that (not to mention the huge transaction fees right now)? Wouldn’t you rather get an entire token? If you’ve got the crypto-itch, then I’ve got the cure. Here are 5 cryptocurrencies under $5. Stellar (XLM) Currently selling for $0.621814 USD. First of all, what is Stellar (XLM)? Stellar is a way to send money across borders quickly at a low cost. It runs on an open-source network and…

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Cryptocurrencies in Doldrums | Read Today’s Highlights

Ripple (XRP) outperformed Bitcoin (BTC) and Ethereum (ETH) in Monday trading, thanks to the news that XRP is likely to be listed on a Dubai-based cryptocurrency exchange. Ripple was trading around $1.34 at the time of writing, up almost 3% from the previous day. Ripple has lost a huge portion of its value in the last month despite some great reports of partnerships with the leading payment services companies. Source: coinmarketcap.com After trading around $1.45 on Sunday, Ripple fell back amid reports of the theft of $530 million of NEM coins from…

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