Bitcoin Braces for Breakout, IOTA Signals Long-Term Reversal, & More: Crypto News Roundup

Bitcoin Braces for Breakout, IOTA Signals Long-Term Reversal, & More: Crypto News Roundup
фото показано с : beincrypto.com

2020-6-19 19:12

Despite relatively high volatility over the past 24 hours, Bitcoin continues to remain anchored in the mid-$9,000s. On a slightly longer time scale, it appears that the alpha-crypto has been consolidating sideways in a roughly $1,500 range since early May 2020.

At $9,411 as of this writing, the price is facing stiff resistance from both the 50 and 200-period moving averages (MA). However, going by the latest assessment of our in-house technical analyst, Valdrin, a breakout above $9,460, could signal the beginning of a new upward trend.

More on that and other big stories from the past 24 hours in this new edition of BeInCrypto’s Cryptocurrency News Roundup.

Impending Bitcoin Breakout Could Take Price Back Over $10,000 [Analysis]

Since reaching a local high of $9,589 on June 16, the Bitcoin price has been decreasing, possibly following a descending resistance line. This was especially visible late on June 17, when the price attempted a breakout, only to be rejected by the resistance line and in the process creating a long upper-wick.

The decline continued until $9,236, where the price bounced on the 0.5 Fibonacci level, creating a thrusting candlestick pattern with above-average volume.

The Bitcoin price is trading inside a descending wedge. The price is following a short-term descending resistance line. A breakout could lead to a test of the waters above $10,000 again.

Read the Full Analysis

IOTA (MIOTA) is Signalling a Long-Term Trend Reversal

A closer look at IOTA’s daily chart reveals that the Internet of Everything-focused token is following a rising support line and could be gearing up for a bullish engulfing candlestick.

In fact, the price bounced on the rising support line yesterday, giving a strong hint that a trend reversal is on the cards. The closest resistance areas are at 5,830 and 10,100 satoshis.

Read the Full Analysis

ConsenSys Unveils Ethereum Staking Services Ahead of ETH 2.0 Launch

Leading blockchain software firm ConsenSys announced earlier this week that it’s about to roll out an institutional-grade Ethereum staking-as-a-service platform. The underlying objective behind the move is to make it easier and more practical for institutions to earn revenues from the widely-anticipated Ethereum 2.0.

The new platform has reportedly already bagged the backing of several industry heavyweights, including the likes of Binance and Huobi. The staking API is built on trusted ConsenSys software that will provide a white-label, turnkey solution for businesses that want to stake on Ethereum 2.0 when it finally goes live on the mainnet.

Read the Full Report

Bancor Breach Exposes Latest DeFi Exploit

In an alarming new development, reports are emerging about a breach in the Bancor decentralized finance (DeFi) platform. Details are still somewhat hazy as of press time, but the chances of the exploitation resulting in a loss of funds can not be ruled out.

So far, Bancor is maintaining that “all funds are safe.” The platform further hinted that a recent smart contract upgrade may have created a vulnerability that was eventually spotted and exploited by the attackers.

Read the Full Report

Here Comes $BAR, a New Token for FC Barcelone Fans

Chiliz and F.C. Barcelona have forged a strategic alliance to launch a new Fan Token called $BAR. The Fan Token Offering (FTO) will take place in a flash sale spanning 48 hours starting June 22. At €2 per unit, the available tokens will be distributed on a first-come-first-serve basis.

Read the Full Report

Ravencoin (RVN) Moves Above Crucial Moving Average

The RVN price began an upward move with considerable volume on June 16 and is currently attempting to flip the 100-day MA as support. This would be an extremely bullish sign, suggesting that the price will move upwards and begin a bullish trend. If it does, the closest resistance levels are found at 250 and 277 satoshis.

Read the Full Analysis

The post Bitcoin Braces for Breakout, IOTA Signals Long-Term Reversal, & More: Crypto News Roundup appeared first on BeInCrypto.

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Bitcoin (BTC) на Currencies.ru

$ 67382.27 (-0.68%)
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Изменеия 24h: -3.25 %, 7d: 3.76 %
Cегодня L: $67382.27 - H: $70011.8
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bitcoin scale appears time longer mid- 000s

Источник: beincrypto.com

bitcoin scale → Результатов: 126


Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30


Фото:

Crypto Pioneer David Chaum Says His New Blockchain Beats Bitcoin

eCash creator and pioneering cryptographer David Chaum unveiled his Elixxir cryptocurrency September 19 following two years of behind-the-scenes development. Targeting Consumer Scale Speaking at the Consensus Singapore conference, Chaum said his latest project addressed the shortcomings in speed which currently prevent bonafide blockchain-based assets such as Bitcoin scaling quickly.

2018-9-20 20:00


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


Фото:

Was Bitcoin Created by TRON Founder Justin Sun?

Justin Sun, the Founder of TRON and one of Twitter’s best loved crypto superstars is no stranger to the headlines. There’s one headline this week that has been circulating the community and its one that highlights a connection between TRON’s latest move in their BitTorrent acquisition and a comment by the illusive Bitcoin creator, Satoshi Nakamoto who seemed to refer to success in file sharing, way back when.

2018-8-2 13:30


Фото:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13


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Ethereum Classic saw its hashrate balloon when Ethereum finally moved to a proof of stake mechanism. The miners who were being kicked out of the network and could no longer use their machines had switched to others such as Ethereum Classic and Ravencoin to put their very specific machines to use.

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Ravencoin RVN/USD has weakened from the recent highs above $1. 16, registered on 4th September, below $0. 09, and the current price stands around $0. 11. Create and trade any asset Ravencoin is a peer-to-peer blockchain that enables the efficient creation and transfer of assets from one party to another.