Ethereum Price Technical Analysis – ETH/USD to Retest $800?

Key Highlights ETH price is slowly moving higher and is currently above the $720 level against the US Dollar. There is a major bullish trend line forming with support at $710 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now above the 100 hourly simple moving average and is moving towards $800. Ethereum price is back in the bullish zone against the US Dollar and Bitcoin. ETH/USD might gain further in the near term towards the $800 level. Ethereum Price Support It seems like another…

FX Strategist Warns Against Buying Bitcoin During Price Drop

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Boris Schlossberg, a foreign exchange strategist at BK Asset Management, has warned investors that bitcoin’s price decline has lured many people to mistakenly think the price decline represents a good buying opportunity. Schlossberg warns people not to fall victim to what he considers a false hope, according to CNBC. Bitcoin suffered once of its most dramatic falls on Friday, dropping as low as $10,400 and causing Coinbase to temporarily halt bitcoin trading. Schlossberg said the volatility could continue…

Are Bitcoin Tax Records Ever Optional With IRS? Expert Blog

Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com. Cryptocurrency may be a new topic for the IRS and taxpayers to tackle but tax records are certainly not a new issue. Since the dawn of the income tax, some taxpayers have struggled with this, and the IRS knows it. At tax time, many…

South Korean Government Concerned With Scams in Bitcoin Market, Fake Exchanges

The South Korean government and local financial authorities have warned investors about the emergence of fake cryptocurrency and Bitcoin exchanges. Fraudulent exchanges On Dec. 13, the South Korean government and its cryptocurrency task force formed by the Ministry of Strategy and Finance, Financial Services Commission, Ministry of Justice, Fair Trade Commission and Financial Supervisory Commission held an emergency meeting to discuss the state of the South Korean cryptocurrency market and draft regulations for both businesses and investors. Two of the four regulations drafted by the South Korean government during the…

Bitcoin Value = $0? Morgan Stanley Makes a Flawed Argument

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Earlier this week, Morgan Stanley, the third largest investment bank in the global finance market with a $95 billion market cap behind Goldman Sachs and JPMorgan Chase, stated in a research paper that the future value of bitcoin could drop to zero, given its lack of “intrinsic value” and base price. A few days ago, Morgan Stanley analyst James Faucette told the bank’s clients and investors that it is difficult to justify the current value of bitcoin…

Mining With Energy From Humans

Is it truly possible to harness energy from the human body to power cryptocurrency mining rigs? A Netherlands-based technology company, Speculative.Capital has pioneered a project that explores the possibility of harnessing energy from idle human subjects. To do so, the company created body suits that turn body heat into electricity from human subjects to power computers that are mining cryptocurrency. According to their website, 37 people were involved in the project. The concept is pretty simple, a subject lies down for a few hours while the body suit harnesses energy…

Samsung SDS Successfully Pilots Blockchain for Korea’s Shipping Industry

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A sweeping government-backed blockchain pilot application to record and track shipping logistics and documents related to import/exports has proven successful in South Korea. Samsung SDS, the IT subsidiary and technology provider of Samsung (Korea’s largest conglomerate), has successfully concluded a 7-month pilot of the application of blockchain technology to actual logistics locations in Korea’s shipping industry. As reported by CCN in May, Samsung SDS commenced the pilot alongside the launch of a blockchain consortium comprising of Korea’s…

BitPay Stops Processing Payments Less Than $100, Backpedals Two Days Later

Bitcoin payment service provider BitPay has announced Friday, Dec. 22, that it is updating the minimum payment amount on its platform from $5 to $100, only to retract the change two days later, as reported in a blog post on Sunday. BitPay has shared an update Dec. 22, notifying its users that the platform will no longer process invoices that are less than $100 equivalent in Bitcoin, a vast increase over the previous limit of $5. The company cited unprecedented Bitcoin transaction volume and the resulting record-high network congestion and…

DASH PRICES TRICKLE LOWER AS NEM CONSOLIDATES,

Most alt coins today are trending lower. Dash prices in particular continues to trickle lower while NEM consolidates. In my honest opinion, I really think the 20 period MA which was obliterated on December 22 will continue to hold an important role in the coming sessions. DASH, Monero, IOTA and LTC prices might continue to trend lower, what do you think? NEM CONSOLIDATES XEMUSD 4HR Chart for December 25, 2017 As per Saturday’s recommendation, we shall continue holding our bullish projection. It’s not really rocket science in my opinion. In…

Ripple Price Technical Analysis – XRP/USD Downside Correction

Key Highlights Ripple price after a decent recovery started a new downside correction toward $0.8000 against the US Dollar. There is a new connecting bearish trend line forming with resistance at $1.00 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is slowly moving down toward the $0.8000 and $0.7500 support levels. Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD might decline further and test the $0.8000 support level. Ripple Price Resistance After testing the $0.7000 support area, Ripple price recovered…