Bithumb Exchange Operator Gains $200 Million From Japanese Investment Fund

The parent company of major South Korean cryptocurrency exchange Bithumb has received $200 million in funding from Japan’s ST Blockchain Fund, the latter confirmed in a press release shared with Cointelegraph Japan on April 15. The cash, which forms part of a Series A funding round, will allow Blockchain Exchange Alliance (BXA) to expand the international side of Bithumb, which is already one of South Korea’s largest exchanges. New trading pairs will also appear, the press release notes. ST Blockchain Fund is based in Japan, but features participation from investors…

Bitcoin News Summary – April 15, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  We reported previously that Electrum Bitcoin wallets were under phishing attack, and recommended that users update to the latest version only via the official Electrum dot org website. This has now escalated to a Denial of Service attack from over 25,000 IP addresses, aimed at disrupting connections between user wallets and legitimate Electrum servers. Users are urged to disable auto-connection to random servers and to instead set a trusted server. We get many questions about debit cards so we’re…

Bitcoin (BTC) Price Primed For Gains With Bullish Sentiment On Rise

Bitcoin price fund a strong support near the $4,920 level and later recovered against the US Dollar. The price broke the $5,120 resistance level to move into a positive zone. There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average. Bitcoin price rebounded nicely above $5,100 against the US Dollar. BTC is currently showing positive signs and…

Crypto Market Starts Fresh Increase: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap stayed above the $158.0B support and climbed above $165.0B. EOS price is climbing higher and it recently broke the $5.40 and $5.50 resistance levels. Bitcoin cash price is back above the $300 resistance with a positive structure. Tron (TRX) price found support near the $0.0260 level and recently recovered higher. Cardano (ADA) price is slowly moving higher towards the $0.0900 resistance level. The crypto market started a fresh increase, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB…

Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

ETH price declined towards the $160 support against the US Dollar, where buyers took a stand. The price recently recovered and traded above the $165 and $166 resistance levels. There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently gaining momentum above $165 and it is placed nicely above the 100 hourly SMA. Ethereum price gained traction from the recent lower versus the US Dollar and bitcoin. ETH is trading with a positive bias…

The Bigger Picture Behind Bitcoin’s Latest Price Rebound

Bitcoin’s out-of-the-blue bounce over the $5,000 mark this month has prompted some predictable pontificating from price-obsessed people within and outside the cryptocurrency community. Investors who are long-cryptocurrencies have gleefully pronounced that the Crypto Winter, which began when bitcoin’s bubble burst at the end of 2017, is now mercifully over. The most optimistic are forecasting a rerun of bitcoin’s fall 2015 bounce from its prior post-bubble collapse, which sent it not only back above its 2013 high of $1,150 but all the way to a December 2017 peak of $19,500. At…