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Ethereum Price Analysis: ETH Makes Sharp Rise, Faces $175 Resistance

Key Highlights Ethereum has risen to $175 but faces resistance Ether will rally above $200 if the resistance line is breached Ethereum (ETH) Current Statistics The current price: $169.62 Market Capitalization: $18,623,402,337 Trading Volume: $14,698,755,099 Major Resistance Zones: $175, $200, $225 Major Support Zones: $125, $100, $75 ETH Price Analysis April 09, 2020 Ethereum has moved up to a high of $175 after a rebound at the low above $140. Ether was earlier in a tight consolidation between $120 and $140. It faces rejection at $145 any time it rises

Binance CEO CZ: Stricter Regulations in Asia Will Lead to Consolidation of Crypto Exchanges

The fragmentation of the Asian market has brought about more rigorous scrutiny from financial regulations and this has led to a consolidation of many cryptocurrency exchanges according to a report on Wednesday. The report cited a decline in the number of Mergers and Acquisitions by 76% in 2019 and a good number of these transactions had involved exchanges and payment services. While the number of deals conducted in the US fell by 40%, those conducted in Asia rose from 14% to 22%. Binance leading the way Binance, the world’s largest

Revolut Offers Cryptocurrency Service to its 7 Million Users Amid COVID-19 Crisis

The outbreak of the Coronavirus pandemic has affected the economic growth of many countries around the world.  Most financial institutions are forced to proffer different initiatives to mitigate the harsh effect of the virus on the global financial market. Central banks continue to print more banknotes to stimulate the economy in the fight against the outbreak. However, many reports have revealed that banknotes are potentially not safe during this time as they could help transmit the virus from one person to another. There is also the fear that excess money

All Hope Not Lost; Court Grants Cryptopia Users Entitlement to Funds in New Ruling

Users of defunct New Zealand cryptocurrency exchange, Cryptopia, have finally gotten a reason to smile again after more than a year of losing their funds in multiple hacks. A new ruling by a high court today will ensure that victims receive part of the company’s assets worth over $100 million as compensation for their losses in the Cryptopia hacks. Justice David Gendall at the High Court in Christchurch declared that the users of the exchange are entitled to the assets they hold in Cryptopia accounts. He, therefore, decided that they

Japan’s Largest Financial Information Vendor Adds NRI/IU’s Crypto-Asset Index

In what could be considered a vital step for Bitcoin and institutional product and business development in Japan, QUICK, arguably the largest financial information vendor in the country, has added a crypto-asset index to its suite of products for Japan’s securities and financial markets. A press release on Wednesday revealed that QUICK is enabling support for the NRI/IU Crypto-Asset Index offered by the intelligence Unit (IU) of Nomura Research Institute, the largest Japanese management consulting and economic research firm. The new integration will allow Nomura Research Institute to offer investment

Aside From ZIL Staking Soon: Zilliqa 2.0 Already in the Works says Amrit Kumar

Blockchain project, Zilliqa is still on track to launch staking on mainnet before the end of Q2, but could at the same time be moving towards the next version of the mainnet if ongoing integrations to improve the network turns out successful. In a recently concluded AMA session on Wednesday, Colin Miles, the head of marketing for Zilliqa blockchain, reiterated known facts that the current focus of the project is on rolling out staking, teasing a major announcement in the coming days. 🔊 @zilliqa AMA news:@ColinMiles : “I think the

‘Critical Security Vulnerability’ Forces Bisq Exchange to Halt Trading Service

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

UPDATE: Bisq Exchange Losses $250K to ‘Critical Security Vulnerability’ But Has Fixed

Non-custodial cryptocurrency exchange, Bisq has announced that it will temporarily halt trading service on its platform following a newly discovered security vulnerability.  Based on the development, the exchange has notified its users not to proceed with any existing transaction or send funds to any party as it could result in a loss.  The temporary halt in trading service does not stop users from overriding the key responsible for this action. However, Bisq does not support the idea as it could hamper users’ security.  “Bisq is a proper distributed peer-to-peer network. So you

Number of Bitcoin Addresses With Small BTC on the Rise Since March Sell-off

Despite the massive sell-off on March 12, Bitcoin (BTC) continues to record increases in the number of addresses holding small quantities of BTC, according to crypto data provider, CoinMetrics. In its “State of the Network Report,” on April 7, CoinMetrics noted that addresses holding from one billionth (1/1B) to one hundred millionths (1/100M) of the total supply of BTC increased by six percent in the last 90 days. Also, the number of addresses holding from one hundred millionths (1/100M) to one ten-millionth (1/10M) of Bitcoin total supply raised by about

Matic Network Allocates 100% of Team & Foundation Tokens to Staking in Second Token Unlock

Matic Network has shared vital information on how they intend to allocate its second batch of tokens scheduled to be released later this month. According to the project, the need to provide clarity on the details of the “second token unlock” is imperative to address any future concern or confusion, while adding that the token allocation is designed to be favorable to both token holders and the entire Matic Network ecosystem.  The Matic’s token supply is to be allocated based on five distinct categories such as Teams, Advisors, Foundation, Ecosystem,

Ripple Price Analysis: XRP Resumes Uptrend, Battles Minor Resistance at $0.20

On the 4 hour chart, Ripple (XRP) has broken the resistance at $0.18 and move up to the high of $0.20500. The XRP/USD trading pair has earlier fallen to the low of $0.12 in the last bearish impulse since March 12. Buyers emerged to push XRP upward to $0.18 when it was regarded as being oversold. Unfortunately, the recent upward move is facing resistance at the $0.20 price level. XRP/USD – 4 Hour Chart The resistance is caused by a historical price level. The market is testing $0.20 historical price

Deutsche Bank Places Bitcoin (BTC) at the Center of All Currencies 

As the world records more than one million confirmed cases of the novel Coronavirus, the German multinational investment bank, Deutsche Bank (DB), sees a strong need for a cashless society during this pandemic time. Current Flaws With Physical Money The use of physical cash potentially poses the risk of spreading the virus, especially dirty banknotes, according to the World Health Organization (WHO). In line with the warning, the central bank of South Korea began quarantining banknotes and even went on to destroy some notes to curb the spread of COVID-19