Ethereum Hard Fork Draws Near

Ethereum (ETH) is up over 71% for the month, as its devs prepare for its upcoming hard fork. The major hard fork was supposed to take place in 2018 but was pushed back. Since then, the whole Ethereum community has been steadily working to bring this thing to life. Now, it finally has an end date. The hard fork is scheduled to occur on block #7,080,000, which should happen around January 16th. Ethereum Constantinople Countdown This particular hard fork has been in preparation since 2017, and it promises key upgrades…

GMO Mining Halted | GMO Internet Group Loses Mining Revenue

Japan’s GMO Internet Group has published a report on its in-house crypto mining operations. The IT giant confirmed that it took a steep hit in its overall GMO mining revenue. However, it steadily increased its monthly BTC mining rewards. GMO Mining Revenue The company showed “extraordinary loss” from its hardware manufacturing sector in Q4 of 2018. As a result, GMO said it will “no longer develop, manufacture and sell” miners. The company only entered the mining hardware sector in 2017, so that was very short-lived. However, while it will close its hardware…

Decentralized Bitcoin Exchange Bisq Has a New UI and DAO

Decentralized exchange Bisq has upgraded its software with an entirely new User Interface (UI) design and the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet. With the release of the latest update (v0.9), users can finally take the Bisq DAO for a spin, a software design that will reward contributors that work on the project, without oversight from a central authority. This compensation will be done with the project’s token called BSQ. How Bisq Works Bisq is a decentralized cryptocurrency exchange platform that allows users to trade bitcoins…

Tron Price Analysis: TRX Surge, can it Flip Ethereum to Second?

Tron price is up 39.5 percent from last Tuesday Platform is attracting gamers thanks to Tron Arcade Transaction volumes are fair and trading within a bullish breakout pattern. No doubt, Tron (TRX) is one of the best performers in the last week. It is up 39.5 percent at the time of press and trading within a bullish breakout pattern after clearing 2.5 cents. At this rate, TRX may end up testing 4 cents by the end of January. Tron Price Analysis Overview There are no permanent positions in the top…

XRP at 40 Cents an Illusion?

Ripple Price is range bound with caps at 40 cents Ardo Hansson, a member of ECB, berate cryptocurrencies Trading volumes are low Although Dec 24 bull bar did rouse traders, XRP/USD is ranging with caps at 40 cents. Going on, we expect prices to expand above 40 cents towards 60 cents or higher in coming days. Ripple Price Analysis Overview With each passing day, XRP’s lack of volatility may be ideal for Ripple and banks transacting using xRapid. However, for traders, this stable coin status means XRP is one of…

BTC at $6,000 Ideal, Bulls Vibrant

Bitcoin Price is up 8.6 percent at the time of press and firm above $4,000 Unverified sources indicate that Japan FSA gauging interest in Bitcoin ETF Trade volumes light and BTC/USD ranging in lower time frames Overly, the crypto sphere is vibrant. Lifting enthusiasm is bulls’ resilience and ability to maintain prices above $4,000 even with light volumes. Everything else constant, Bitcoin prices would rally towards $6,000 once there is a comprehensive break above $4,500. Bitcoin Price Analysis It’s back to green, and at the time of press, the world’s…

Looking North? Bitcoin Price Dip Forms Bull Flag Pattern

Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum weakened slightly in the last 36 hours. As of writing, BTC is changing hands at $3,995 on Bitstamp, having clocked a low of $3,934 earlier today. The 3 percent correction from two-week highs, however, has…

Bitcoin Price Watch: BTC Dips Remain Supported Above $3,860

Bitcoin price started a downside correction after trading above $4,080 against the US Dollar. There is a major bullish trend line formed with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to find bids near $3,940 and $3,900 for a fresh upward move in the near term. Bitcoin price corrected lower below $4,000 against the US Dollar. BTC is now trading above the $3,940 and $3,900 support levels and it could bounce back. Bitcoin Price Analysis Yesterday, we saw…

Ripple Price Analysis: XRP Holding Important Support, Can It Recover?

Ripple price traded lower recently and tested the $0.3580 support against the US dollar. There is a major bullish trend line with support at $0.3530 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover above $0.3650 as long as it is above the $0.3530 and $0.3580 supports. Ripple price corrected lower recently against the US Dollar and Bitcoin. XRP/USD must stay above $0.3530 to start a fresh upward move in the near term. Ripple Price Analysis After forming a high near the $0.3760…

Ethereum Price Analysis: ETH Starts Downside Correction Below $150

Key Highlights ·         ETH price failed to stay above the $155 support and declined recently against the US Dollar. ·         Yesterday’s highlighted key bullish trend line was breached with support at $150 on the hourly chart of ETH/USD (data feed via Kraken). ·         The pair may continue to correct lower towards the $144 or $139 support level. Ethereum price is slowly moving in the bearish zone against the US Dollar and bitcoin. ETH/USD may accelerate the current correction towards $144 or $139. Ethereum Price Analysis Recently, ETH price failed to…