Ethereum price continued on rising today to score a day high of $830 earlier today. The price of ether has been recording higher day highs for four successive days now. Moreover, the closing day price has been rising since last Wednesday. The bulls’ control over the market is growing stronger as the price of ether is heading steadily towards a significant resistance level near $850. The rise in ethereum price is mirroring bitcoin’s soaring price which is approaching the $10,000 price mark. Can we see the resistance around $849.08 breached before the end of the current week? 4 successivePowered by WPeMatico
AirSwap launched last week, enabling more than a million dollars in trades on day one. Offering a way for buyers and sellers to find each other and trade directly, AirSwap isn’t like traditional or decentralized exchanges. Find out more about AirSwap in our exclusive interview with co-founder Don Mosites. The Merkle: Hi Don, thanks for speaking with us. I first reached out to you when I was writing a piece on decentralized exchanges (DEXs), and you told me that AirSwap isn’t a DEX because it’s more of a discovery service for peer-to-peer trading. How would you describe AirSwap? Don Mosites:
It has been a rather remarkable few years for cryptocurrencies. With the launch of ICO tokens, the industry has taken an important, albeit worrisome step. Despite the global crackdown on initial coin offerings, it seems the industry is still in a good place. With over $23 billion having been raised to date, it is evident there is still a lot of potential on the horizon. The Evolution of Token Sales Although it is evident there is a lot of positive momentum in the ICO industry as of right now, regulators are also actively cracking down on this particular business model. That is
In the past few weeks, there has been a lot of talk of existing cryptocurrencies potentially being labeled securities. Two currencies are of particular concern in this regard, as that status could easily apply to both XRP and Ethereum. It now seems a lawsuit has been filed against Ripple for violating securities laws in issuing XRP tokens. The XRP Lawsuit is Disconcerting There is a good chance that both Ethereum and XRP can be considered securities because of the way they were issued initially. Although Ethereum set up a Swiss foundation to bypass most of those concerns, the same does not
RBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons […]
Peer-to-peer trading of cryptocurrencies has become a lot more popular over the past few months. While centralized exchanges are still the dominant market leaders, OTC trading platforms such as LocalBitcoins and Paxful are gaining popularity. Unfortunately, the success story doesn’t extend to all OTC trading platforms, as CoinTouch was forced to shut down due to new regulation in Europe. CoinTouch Shuts Down, Effective Immediately Although CoinTouch is not necessarily the most popular peer-to-peer trading platform in the world, it was still a valuable addition to the cryptocurrency ecosystem. Giving users more ways to trade Bitcoin in a peer-to-peer fashion without dealing with
Bitmain is clearly intent on introducing a lot more ASIC miners in quick succession. Their latest unit is the Antminer Z9 mini, which is primarily designed to mine cryptocurrencies relying on the Equihash algorithm. Although none of those currencies are even remotely popular, it seems there may still be some interest in this mining unit. The Purpose of the Antminer Z9 Mini One has to commend Bitmain from suddenly releasing so many different ASIC miners. It seems the company has been working on ASIC chips for specific mining algorithms, including CryptoNight, Equihash, and a few others. This begs the question as
In a small village in Ukraine, all residents are now owners of cryptocurrency, thanks to an initiative by the head of the village council. Cryptocurrencies, such as bitcoin and ether, can also be used in the village to purchase items such as eggs, lard, meat, and milk. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]
Cryptocurrency users may have noticed that there has been an influx of Twitter account hacks in the past week or so. One of the affected accounts was that of Vertcoin, although it was quickly recovered. It now seems a network of bots was behind these hacks. Twitter has confirmed that those bots successfully stole various identities over the course of three days. The Twitter Bot Problem Although bots are nothing new in the world of social media, it remains pretty difficult to protect against nefarious activity. Twitter found this out the hard way, as various popular cryptocurrency-related accounts were hijacked in the past week. Virtually every
There has been an ongoing “war” between Visa, Mastercard, and the cryptocurrency industry. With both major card issuers clamping down on Bitcoin-related debit cards over the past few months, it has become somewhat more difficult to spend cryptocurrency. Mastercard is now blaming the cryptocurrency industry for its reduced Q1 growth. Mastercard vs. Cryptocurrency The past year has been interesting for cryptocurrency, especially where credit and debit cards are concerned. Both Visa and Mastercard made it rather clear they would rather steer clear of cryptocurrency-related activities altogether. While not a popular decision, it simply makes a lot of sense for these companies. However, both companies