How Will it Affect Bitcoin?

Technical analyst and crypto trader Aurelius revealed that the price of Tether (USDT), the most widely utilized stablecoin in the cryptocurrency exchange market, has fallen in the past 24 hours. The drop in the price of Tether by around 1 percent led a premium to form on USDT-to-crypto trades, especially on USDT-to-Bitcoin trades. 1-day price chart of USDT, data provided by Coinmarketcap.com As a stablecoin backed by the US dollar, the value of USDT has to remain at $1. Tether LLC, the company that operates USDT, is said to have…

StellarX Launches | Brand New Zero-Fee Decentralized Crypto Exchange

Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news. StellarX Launches! Previously, StellarX was open only to a number of individuals who signed up for its Beta testing, but it seems the team at Interstellar feels confident in their product thus far—confident enough to launch publically! What makes the platform stand out from the rest is that it’s a…

Ripple the Microsoft of Crypto? One CEO Says Yes

Aside from a dozen lawsuits and a few XRP price drops, Ripple has had quite the year. And big things continue to stir. One CEO has even likened Ripple to Microsoft. But is that an accurate comparison? Ripple and Microsoft: Two Peas in a Pod? This week, we’ve seen a few headlines about the company behind XRP. While the news of xRapid expanding into commercial production with RippleNet made waves on Tuesday, it’s the headlines from the day before that caught people’s attention, including mine. On Monday, October 1st, Phillip…

Tokenized Real-World Asset | Luxury Condo Put on Ethereum Blockchain

It’s the first of its kind. According to Forbes, a luxury condo development in Manhattan, which is valued at more than $30 million, will be tokenized on the worldwide Ethereum blockchain, making the luxury condo a tokenized real-world asset. The building comprises of 12 units at 1700 sq ft each and is located on 436 & 442 E 13th St in Manhattans, East Village. The listing broker on the deal is Ryan Serhant. He and the developer are looking to tokenization as a new method of financing. He says: “With…

Crypto Bull Mike Novogratz Trims 2018 Bitcoin Price Forecast [Again]

One of the cryptocurrency market’s biggest bulls has once again trimmed his optimistic short-term bitcoin price forecast, stating this week that he does not believe that “digital gold” will reach the five-figure mark again until 2019. According to CNBC, Mike Novogratz, the billionaire founder of cryptocurrency merchant bank Galaxy Digital said on stage at the Economist Finance Disrupted event in Manhattan that he does not expect the bitcoin price to even crack $9,000 before the New Year’s ball drops at least one more time. “I don’t think it breaks $9,000…

Israel Securities Authority Turns to Blockchain for Improving Cybersecurity

The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3. The government regulator has reportedly embedded the technology into a system dubbed “Yael,” used to deliver messages and other information to entities that fall under ISA oversight. The ISA has further plans to implement blockchain in two other systems, including an online voting system that enables investors to participate in ISA meetings remotely, and a system called ‘Magna” that stores all the reports…

Ripple Swell | Day Two Concludes but XRP Drops Nearly 15%

The 2018 Ripple Swell conference concluded its final day yesterday. The two-day annual event put on by Ripple was held in San Francisco, California this year. Day one of the Swell conference kicked off with a Q&A with none other than the 42nd President of the United States, Bill Clinton. Ripple’s CEO, Brad Garlinghouse, then spoke and delivered the opening remarks of the conference. “It’s about the opportunity to be a builder—to partner with industry and enable something that hasn’t yet been seen: the dawn of another era in globalization,”…

Crypto Assets on Winklevoss Gemini Exchange Are Now Insured

Crypto exchange Gemini has obtained insurance coverage for the digital assets it holds in custody, it announced Wednesday. The Gemini Trust Company said in a press release that its insurance will be provided through a consortium of insurers under a system set up by global professional services firm Aon, which already provides “a broad range of risk, retirement and health solutions.” According to the release, the exchange received coverage after it could prove to underwriters that it “is a leading, best-in-class exchange and custodian.” This insurance comes on top of…

Bitcoin’s Price Is Testing a Month-Long Trend Line

Bitcoin bears have been emboldened by repeated rejection from a key moving average hurdle, but they may take a breather over the next 24 hours as the price heads for another key trendline of support. The world’s premier cryptocurrency is lacking a strong bullish or bearish bias in the near-term given that its price action has largely traded sideways since the beginning of September. That said, the repeated failure to find sustained acceptance above the 50-day moving average and $6,850 resistance gives the upper hand to bears, as it indicates…

Bitcoin Price Intraday Analysis: BTC/USD Towards Breakdown Action

Bitcoin on Wednesday depreciated more than 3.5 percent from its yesterday’s high near $6,659. The BTC/USD has been under a bearish impression since September 28 but has found strong support near 6500-fiat. The downtrend today also tested the level, broke below it only to see an influx of long positions around it. The minor upside retracement could also be explained with the formation of a near-term symmetric triangle, whose lower trendline offered support once BTC/USD sought a downside target below 6500-fiat. As of now, the pair has reclaimed its support…