Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control

Key Highlights ETH price stayed above the $146 support and later recovered against the US Dollar. There is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb quickly if buyers clear the $154 and $155 resistance levels in the near term. Ethereum price is placed nicely above key supports against the US Dollar and bitcoin. ETH/USD is likely to slowly move higher as long as it is above $146. Ethereum Price Analysis After testing the…

Bitcoin Wallet Forced to Drop Key Privacy Features From Google Play App

Privacy-focused bitcoin wallet Samourai is having its hand forced by Google. According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourai’s Stealth Mode, remote text message (SMS) commands, and SIM Switch Defense (a measure to protect against sim swaps). The privacy restrictions only affect the version of the wallet available on Google Play. To bypass these restrictions, users can also download what Samourai calls the…

Could Japan’s Approval of the Bitcoin ETF Affect US SEC’s Decision?

On January 7, CCN reported that the Financial Services Agency (FSA) of Japan is considering the approval of the country’s first Bitcoin exchange-traded fund (ETF). With the final deadline of the VanEck Bitcoin ETF on the horizon, could the approval of a Bitcoin ETF in Japan have an impact on the decision of the U.S. Securities and Exchange Commission (SEC)? Probability of a Bitcoin ETF in US The probability of the approval of a Bitcoin ETF in the U.S. by February remains low. A pro-crypto SEC commissioner Hester Peirce previously…

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…