Will Ripple (XRP) Close Above 40 Cents? Momentum Building

Ripple price ranging but bullish Financial sanctions help drive assets demand Participation levels drop, averages drop from 30 million to 16 million in three weeks. Trump’s plan of imposing financial sanctions on Maduro and other Venezuela elites could backfire affecting ordinary citizens. However, it justifies the need of shifting to a decentralized ledger that is global and resistant to local politics. Ripple’s XRP ledger is one of them. Ripple Price Analysis Fundamentals The only way of heaping pressure on President Maduro and his cronies is if there are stiff financial…

Bitcoin Breaks $4,000 as Top Cryptos See Growth

Saturday, March 16 — nearly all of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) has broken the $4,000 mark, according to CoinMarketCap data. Market visualization from Coin360 At press time, Bitcoin is up over two percent on the day, trading at around $4,035, according to CoinMarketCap. Looking at its weekly chart, the current price is nearly two percent higher than $3,958, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap CoinMarketCap data also reveals…

Riot Blockchain Plans Launch of Regulated Cryptocurrency Exchange in the US

Publicly traded United States-based company Riot Blockchain has filed with the Securities and Exchanges Commission (SEC) to launch a new regulated cryptocurrency exchange called RiotX in the U.S. by the end of Q2 2019. The regulator published the documents on March 14. The company declares in the filing that its subsidiary, RiotX Holdings Inc, would operate the new exchange. Furthermore, the exchange’s banking services would be handled by an Application Programming Interface (API) created by software company SynapseFi. The API is planned to, among other functions, serve as a security…

Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust. Per reports in the Wall Street Journal, the court’s verdict is a massive blow to Japanese prosecutors who have maintained their stance that Karpeles was guilty of embezzlement and breach of trust at Mt. Gox. The sentence, which was carried out on March 15, will see him serve a suspended sentence of two-and-half years in prison.…

Cboe Will Not Relist Bitcoin Futures Contracts for March

The Chicago Board Options Exchange (Cboe) announced that it will not list upcoming Cboe Bitcoin (“XBT”) futures contracts for trading in March 2019. The Cboe Futures Exchange said that the company is “assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” stating that it has no intention to list additional contracts for trading relating to the cryptocurrency. Though it is not confirmed, the reason behind Cboe’s futures closing might be due to its underperformance in comparison to CME’s futures contracts. “The…

Bitcoin Price Analysis: Could Three Times Be the Charm for This…

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance: Figure 1: BTC-USD, Daily Candles, Narrow Range The blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. Since re-establishing support, the market has yet to see a meaningful retest…

Genuine Rally or Bull Trap?

Just two days after Cboe announced that it was going to delist bitcoin futures, the cryptocurrency’s spot market turned near-term bullish. The BTC/USD exchange rate surged 3.30-percent in the past 24 hours to establish a session high towards 4069. Simultaneously, the rest of the cryptocurrency market also went green, with Bitcoin Cash leading the bull pack with 17.81% gains, followed by Litecoin, EOS, and Ethereum that rose 8.44-, 5.47-, and 6.25-percent, respectively. On the whole, the cryptocurrency market capitalization added up to $6 billion worth of investments in a day.…

Riot Blockchain to Launch Regulated Crypto Exchange in the US

Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main services: banking, trading and a digital wallet. The application follows the firm’s change in business focus after almost two decades in biotech, when it rebranded to Riot Blockchain from Bioptix and shifted focus to crypto mining…

Bitcoin Up 3% as Crypto Adds $10 Billion in 1 Week: Can the Rally Continue?

Overnight, the bitcoin price surged 3 percent against the U.S. dollar above the $4,000 mark as major crypto assets in the likes of ethereum, litecoin, and bitcoin cash recorded gains in the range of 6 to 18 percent. 7-Day Price Chart of Bitcoin (Source: Coinmarketcap.com) Fueled by the momentum of bitcoin, the valuation of the crypto market spiked by $10 billion in the past week, which has been on the rise since March 12 due to the strong performance of tokens. Join CCN for $9.99 per month and get an…

Ethereum Price Analysis: ETH Bulls Are Back, $150 Could Be Next

ETH price broke a few important resistance levels near the $134 level against the US Dollar. The price gained traction and settled above the $134 and $136 resistance levels. This was a break above a few continuation patterns near $133 and $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading near the $139 resistance and it could continue to trade higher in the near term. Ethereum price is gaining bullish momentum against the US Dollar and bitcoin. ETH is likely to break the…