Bitcoin is Cheap Until April, We’ll Never See Price at $3,000 Again: Trader

Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range. Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a  lack of confidence of investors in the cryptocurrency market in the near-term performance of bitcoin. 1-Month Price Chart of Bitcoin (Source: Coinmarketcap.com) But, according to a trader known to the cryptocurrency industry as “Galaxy,” bitcoin at $3,000 may be a rare opportunity that does not come again in the future. Why $3,000 For…

Vitalik Buterin Says Non-Financial Blockchain Use Cases Are a ‘Harder Pitch’

Ethereum (ETH) co-founder Vitalik Buterin says that blockchain applications outside of finance face more difficulty gaining traction, as the primary added value they offer is decentralization. Buterin made his remarks during a speech at crypto event Token 2049 in Hong Kong on March 13. Buterin began by noting that finance is “realistically the first blockchain [application] that will probably achieve wide scale adoption,” and that even though he is a self-declared huge fan of other applications: “The problem is that decentralization is basically their value add. With finance you’re competing…

Crypto Platform DX.Exchange Adds Secondary Trading of Security Tokens

DX.Exchange, an Estonia-based platform that soft-launched in January, has opened its market to secondary trading of security tokens.  Announced today, the exchange now allows companies to list their security tokens previously issued on other platforms. Institutional investors in Europe can purchase the tokens on the exchange for fiat, bitcoin, ether, tether and XRP. However, to start with, only one such token will be listed on DX.Exchange – its native IGWT token. Eventually, the platform’s co-founder Daniel Skowronski told CoinDesk, the company will roll out its own technology for asset tokenization, but for now,…

Bitcoin (BTC) Price Watch: Upside Break Inevitable Above $3,900

Bitcoin price is trading nicely above the $3,825 and $3,800 support levels against the US Dollar. The price is likely positioning for an upside break above the $3,880 and $3,900 resistance levels. Yesterday’s highlighted important bearish trend line is in place with resistance at $3,860 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could surge higher once it clears the $3,860 resistance and the 100 hourly SMA. Bitcoin price is setting up for the next key break against the US Dollar. BTC could either…

Crypto Market Trading Sideways: XLM Shoots Up, Bitcoin Cash, EOS, TRX Analysis

The total crypto market cap is facing a strong resistance near the $129.0B and $130.0B levels. Bitcoin cash price recovered above the $132 resistance and it could climb towards the $135 level. EOS price is back above the $3.60 level, with a positive angle. Stellar (XLM) price gained more than 5% and broke the $0.1000 and $0.1050 resistances. Tron (TRX) is trading above the $0.0220 level and it could test the $0.0230 resistance. The crypto market is trading sideways below key resistance levels. Stellar (XLM) gained recently, while bitcoin (BTC),…

Ripple Price Analysis: XRP Turned Buy On Dips After Upside Break

Ripple price rallied recently and broke many key resistances near $0.3080 against the US dollar. The price even settled above the $0.3100 resistance and the 100 hourly simple moving average. Yesterday’s highlighted key bearish trend line was breached with resistance at $0.3085 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied towards the $0.3250 resistance level and later corrected lower sharply. Ripple price moved nicely into a bullish zone against the US Dollar and bitcoin. XRP/USD is trading above the $0.3100 support and it…

Ethereum Price Analysis: ETH Trading Near Make-or-Break Levels

ETH price is struggling to trade above the $133 and $134 resistance levels against the US Dollar. The price is holding the $130 support, it is likely to make the next move soon. This week’s crucial bearish trend line is intact with current resistance at $132 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either break the trend line and rally or decline below the $130 support in the near term. Ethereum price is following a bearish structure against the US Dollar and bitcoin. However,…

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs. The judge has reportedly given Hogeg until March 15 to settle with the plaintiff, Chinese investor Zhewen Hu. This follows an earlier case involving Hogeg’s company Invest.com that…

Blockchain Can Benefit Artists, Journalists

Ethereum co-founder and ConsenSys creator Joseph Lubin said that blockchain technology and decentralization can benefit content creators and journalists. Lubin spoke about different industries that are benefitting from blockchain technology in a video on March 12. In the video, Lubin said that artists are “set to benefit quite dramatically” from blockchain, as it allows them to attach policies and stipulations for how the content is consumed and shared i.e. derivative works, streaming, public performances, etc. In Lubin’s view, it also allows them to eliminate middlemen: “I think artists in the…

Coinbase Pro Adds Support for Stellar Lumens

Coinbase Pro, the professional offering of United States-based crypto exchange and wallet service Coinbase, has announced support for Stellar Lumens (XLM) in a blog post on March 13. Per the post, Coinbase Pro will now accept deposits of XLM for around 12 hours before enabling full trading. Coinbase notes that after establishing sufficient supply of XLM, it will open trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases. XLM trading will go through three stages before enabling full trading, including limit, market and stop orders. The stages involve…