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cryptocurrency December 4, 2017

[embedded content] ETH/USD Ethereum has been a bit negative during the Monday trading session, but it appears that the $450 level should offer a bit of psychological support, extending down to at least the $420 level. Because of this, it’s likely that we will find a “buy on the dips” mentality, and therefore I am […]

cryptocurrency December 4, 2017

Key Highlights ETH price is correcting lower from the $478 swing high against the US Dollar, but it remains supported. There is a key contracting triangle forming with resistance near $478-480 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair has to stay above the $450 support and the 100 hourly simple […]

cryptocurrency December 4, 2017

Venezuela’s president has announced that his country will issue cryptocurrency backed by reserves of oil and other natural resources. Venezuelan President Nicolás Maduro announced in a televised December 3 speech that his country will issue a cryptocurrency called “Petro,” the value of which will be backed by “the nation’s natural riches,” including gold, oil, and […]

cryptocurrency December 4, 2017

Assets have been frozen in relation to anti-fraud charges filed by the SEC’s Cyber Unit. Today, December 4, 2017, the Securities and Exchange Commission froze $15 million in assets associated with a token offering in which investors say they were given a false promise of 13-fold profit in less than a month. Charges were filed […]

cryptocurrency December 4, 2017

The United Kingdom is working to bring cryptocurrency trading platforms and wallet providers under the auspices of European Union regulation. The government of the United Kingdom is discussing cryptocurrency-related amendments to the European Union’s 4th Anti-Money Laundering Directive. Responding to an inquiry from MP Chris Evans (Islwyn) on the UK Parliament website, Stephen Barclay, economic […]

cryptocurrency December 3, 2017

At a Blockchain conference hosted in Taipei, Ethereum Co-founder Vitalik Buterin outlined the long-term roadmap of Ethereum development. According to Buterin, most of the underlying issues of the Ethereum Blockchain network fall under the following categories: scalability, smart contract safety, consensus protocol and privacy. Several network updates including the most recent Byzantium hard fork provided […]

cryptocurrency December 3, 2017

Cute, cuddly kittens are taking over the Ethereum network, and are presently responsible for 4% of the transactions taking place on the so-called “world computer.” That’s right, the smart contract platform that could potentially disrupt multiple industries is now playing host to a viral cat game. The game, CryptoKitties, launched just a few days ago […]

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