Ethereum Watch

In 2017, several Ethereum-based decentralized application (dapp) browsers gained significant popularity, primarily due to the rise of dapps like CryptoKitties. During its peak, CryptoKitties, the digital cartoon collectibles game, was responsible for more than 20 percent of the entire Ethereum network’s daily transaction volume. Advertisements CryptoKitties in particular was praised by some of the cryptocurrency […]

Key Highlights ETH price is trading in a range below the $715 resistance area against the US Dollar. There is a major contracting triangle forming with current support at $665 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair might soon make the next move and either break $715 or trade below […]

The cryptocurrency market has experienced a powerful drop this Friday and Saturday. Coins were losing value across the board, with just three of the top twenty by market capitalization displaying growth of over 10 percent: Cardano, Qtum and Neo. Advertisements Bitcoin, on the other hand, has dropped from a Friday high of $15,266 to as […]

Credit:iStock.com/ByoungJoo Advertisements Earlier this week—as investors were in the thick of the holiday rush—South Korean authorities debated how to curb the irrational exuberance of cryptocurrencies. The proposals ranged far and wide. One idea was to close certain exchanges, another was to crack down on anonymous transactions. Whatever the regulators decide, it seems inevitable that Korea […]

ETH/USD Advertisements Ethereum continues to be very noisy, but quite frankly at this time of year it’s very difficult to get a significant move. There’s little in the way of volume, so I think that the price action can’t be taken too seriously. The $600 level below should be a bit of a “floor”, just […]

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 Advertisements 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 […]

December 29, 2017 6:56 PM Advertisements 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 […]

December 29, 2017 10:29 PM Advertisements 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, […]

December 29, 2017 4:39 PM Advertisements 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 […]