Ethereum Price Falls to 12-Month Low as Altcoins Suffer

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year. Source: CCN Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs…

Crypto Daily News | Twitter Considers Blockchain Technology

In today’s edition of crypto daily news, we’ll look at a new survey that shows that 80% of Americans have heard of Bitcoin, as well as at the details of Twitter looking in blockchain technology. Crypto Daily News: September 6th, 2018 Survey Shows 80% of Americans Know about Bitcoin Published today by the polling firm YouGov, a new poll shows that just under 50 percent of millennials in the US are interested in using digital currencies as a primary form of payment. This would be opposed to using the US Dollar.…

GBP Crypto Trading Pairs Being Rolled Out by Coinbase Tomorrow

From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, we’ve been introduced to four GBP crypto trading pairs. Coinbase Rolling out GBP Crypto Trading Pairs It’s happening fast. One minute we find out about it, the next we’re witnessing the launch. Earlier today, Coinbase disclosed a new order book trading pairs for GBP, which will be available to UK-based crypto traders. In the announcement,…

Crypto Crash | Is the Current Market Correction Worse than Before?

The total cryptocurrency market is currently in the middle of a correction that is causing major panic across the community but is also majorly upsetting the long-time crypto enthusiasts. Is this the worst crypto crash we’ve experienced? Crypto Crash The crypto crash started back on the first week of January 2018 and has been dropping ever since. Today, the total crypto market hit a year-low at around $200 billion. The last time the market was at this price point was back in early November 2017. Source: CoinMarketCap There have been…

Explaining the Recent Market Performance

Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if not more so than the recent decline and Bitcoin, in particular, was observed to have exceeded “a key resistance level at $7,000 after breaking out of the $6,800 mark… crucial for the short-term recovery of…

Bitcoin’s Double-Digit Drop Negates Long-Term Bull Market

Bitcoin’s (BTC) double-digit drop has torn down the scaffolding of what had seemed to be a developing long-term bull market just days ago. That said, a bearish reversal is still not confirmed either, technical studies indicate. At press time, the leading cryptocurrency is changing hands at $6,422 on Bitfinex – down 13 percent from the previous day’s high of $7,404. Notably, BTC has erased all the gains made over the last two weeks in a single day. Further, the sharp drop has poured cold water over the optimism generated by…

IBM Makes Another Blockchain Identity Play With Health Data App

IBM’s blockchain division is widening its work in the nascent field of “self-sovereign identity” – technology designed to give individuals greater control over their personal data. Announced today, the tech giant is working with Hu-manity.co, whose #My31 app just became available on iOS and Android mobile devices. The app’s name alludes to the idea that legal ownership of one’s data should be a “31st human right” in addition to the 30 already ratified by the United Nations. It’s the latest in a series of similar projects IBM has been involved…

Crypto Exchange Kraken Denies Rumor of Office Closure, Security Breach

U.S.-based cryptocurrency exchange Kraken has denied a rumor that has emerged on social media claiming the firm is shutting down operations at one of its service centers amid a security issue. Reddit user “throwaway34034324” posted a thread on Thursday claiming that the exchange is closing operations in Halifax, Canada, and has “just laid off hundreds of people in response to a security [breach].” Another user, “MysteriousPlankton,” who is apparently one of the Halifax employees, commented on the thread that they were asked to accept voluntarily resignation with eight weeks’ pay as a…

Bitcoin Price Watch: BTC/USD Breakdown Towards $6,000 Looks Real

Key Points Bitcoin price tumbled and broke many supports like $7,000, $6,800 and $6,560 against the US Dollar. There was a break below a declining channel with support at $6,790 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has moved into a bearish zone and upsides are now likely to face sellers near $6,560 and $6,800. Bitcoin price plummeted below the $6,800 and $6,560 supports against the US Dollar. BTC/USD could accelerate declines if sellers push the price below $6,200. Bitcoin Price Analysis After…

The Japanese, Swiss and American Experience

Free and fair elections are one of the pillars of healthy democracies. From the United States to Sierra Leone, advocates of blockchain believe that the technology can bring a new level of transparency, fairness and efficiency to the electoral process. In spite of the enthusiasm of the blockchain community — and tentative support from political bodies — attempts to implement the technology have enjoyed mixed success and have faced impassioned criticism. Japan’s scientific hub trials blockchain In late August, the Japanese city of Tsukuba trialed the use of blockchain technology…