Key Highlights ETH price is moving back higher after testing the $670 support zone against the US Dollar. There was a break above a key bearish trend line with resistance at $702 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might continue to move higher and it could even test the […]
December 29, 2017 8:00 PM A draft of a Russian law that would regulate the cryptocurrency space includes language that defines digital asset mining as a taxable activity. Officials discussing the proposed legislation have also revealed that the state is abandoning plans to issue its own virtual currency, which had been informally termed the “cryptoruble.” […]
December 29, 2017 6:56 PM Cryptocurrency for the eurozone won’t be coming any time soon, according to a Bundesbank executive board member. Those waiting for the eurozone to adopt a cryptocurrency backed by central banks may be disappointed to hear that Bundesbank executive board member Carl Ludwig Thiel will not introduce any such form of […]
December 29, 2017 10:29 PM The Finance Ministry of India touted what it perceives as a lack of intrinsic value in virtual currencies as reason to equate them with Ponzi schemes. A statement issued by the Finance Ministry of India today, December 29, portrayed virtual currencies (also referred to as cryptocurrencies) as Ponzi schemes, and […]
December 29, 2017 4:39 PM While some prominent nations seemingly ignore it, Russia is exploring ways cryptocurrency can strengthen the ties that bind its economy to other countries’. Russian media is reporting that Olga Skorobogatova, first deputy governor of the Central Bank of the Russian Federation, has echoed President Vladimir Putin’s call for “the formation […]
While the unprecedented growth of cryptocurrencies in 2017 has many focused on historic financial gains, Microsoft’s blockchain guru is still waiting for the real revolution. And he still believes it’s Ethereum. “From a network perspective, Ethereum is very mature,” Microsoft’s Marley Gray told ETHNews, “and I’d also say pragmatic.” As a founding member of the […]
Bitcoin wallet app provider, Bitcoin.com, is celebrating a milestone after hitting a million download for its multi-currency wallet in four months. What makes this more remarkable is the software was launched on August 2017. The developers attributed the explosive growth to the simplicity of features and the integration of Bitcoin Cash (BCH) to the non-custodial […]
Most major cryptocurrencies including Bitcoin, Ethereum, and Litecoin had a Christmas gift for those investors who had set up a buy limit order at lower prices last week. What can we expect from the cryptocurrency market in the new year? Here is a quick look Cryptocurrency Overview In a massive but temporary pullback, most cryptocurrencies […]
ETH/USD Ethereum fell initially during the trading session on Thursday, reaching towards the $675 level before bouncing. It looks as if we are ready to rally though, and I think the market is probably going to go looking towards the $770 level above. A break above the $775 level opens the door to $800 next. […]
Ever since crypto prices exploded in the fourth quarter of 2017, investors have paid less and less attention to the regulatory environment around cryptocurrencies. That might be a mistake. Debates over how to regulate cryptos are far from over. For example, the Russian Ministry of Finance just released its proposed regulations for Initial Coin Offerings […]
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