ETH Is a Solution to Bitcoin’s Limited Functionality

Ethereum (ETH) co-founder Vitalik Buterin has stated he was trying to solve Bitcoin’s (BTC) limited functionality with the creation of Ethereum, according to an interview with Business Insider published on Feb. 28. During the interview, Buterin compared Bitcoin to a plot key calculator, stating that it does one thing and it does it well, while he believes Ethereum is more like a smartphone, which can run apps capable of doing almost everything, including acting as a plot key calculator. Buterin concluded by defining his solution in a single sentence: “So…

Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows

The bitcoin price posted its first monthly gain in February after a dismal seven-month drought. However, technical analysis suggests the original cryptocurrency could crater to new lows because a downtrend appears to be forming. Bitcoin Price Spiked 11% In February Mati Greenspan is a senior market analyst at Tel Aviv-based crypto trading platform eToro. He told Bloomberg that February’s 11% spike in the bitcoin price is encouraging, but it isn’t out of the woods yet. Greenspan noted that trading volume has rocketed to a 12-month high. After six months in…

Goldman Sachs-Backed Crypto Payments Startup Circle Seeks $250M in Funding

Goldman Sachs-backed cryptocurrency finance firm Circle is reportedly looking to raise $250 million of funding in a combination of equity and debt. The source of information are claims made by an anonymous person familiar with the company’s plans, as cited in a report by technology news website The Information on March 2. According to the article, Circle — which generates revenue from trading fees on its cryptocurrency exchanges (Poloniex and the institutional offering Circle Trade) — has seen a decrease in its proceeds after the overall crypto market crash lead…

As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are forced to shoulder the burden and standard of the industry. In this climate,…

Tech Firm Plans to Transform Advertising on Facebook, YouTube and Twitter Via Blockchain

Paying for the ultimate result of an advertising campaign, and not just impressions or clicks, has always been the dream of advertisers. There have been attempts to solve this fundamental problem, but despite technological advancements, inefficiencies have remained. Fraud has been an issue, with underperforming publishers lacking of transparency,  which means that advertisers have been unable to guarantee whether their campaigns have reached the demographics they were promised. Atayen Inc., a United States-based company that was founded in 2014 — and was, until recently, engaged in developing Facebook apps —…

Ripple Price Weekly Analysis: XRP Likely Preparing For Next Upside Break

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to test the $0.3050 support area before it could break to the upside above $0.3150. Ripple price seems to be preparing for the next bullish break against the US Dollar and bitcoin. XRP/USD could rally once…

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports. Bitcoin price started consolidating losses below $3,860 against the US Dollar. BTC/USD could rise again as long…

Ethereum Price Weekly Analysis: ETH Could Suffer Losses Before Fresh Increase

ETH price traded below the key $139-140 resistance area for many sessions against the US Dollar. The price is trading with a bearish bias and there could be a few downward spikes towards $125. There is a key contracting triangle in place with resistance at $136 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could trade higher, but as long as it is below $140, it is likely to dip towards $125 or $124. Ethereum price is struggling to gain bullish momentum versus the US Dollar…