Ethereum

Ethereum (ETH) Struggles To Break Past Strong Resistance

Ethereum (ETH) struggled to recover in the last 24 hours but a falling Bitcoin (BTC) has kept it on leash. The price started to take off and was supported by RSI conditions as well as the daily Stochastic, but weak overall market conditions resulted in a short lived rally. Considering most activity on weekends is often useless in markets like these, it is reasonable to expect that any gains made during the weekend could be wiped out in the days ahead. Ethereum (ETH) still looks bullish long term but short term; it has to fall back to the bottom of the channel to test the support line. Daily chart for ETH/USDT shows that RSI is now facing a strong resistance and is in a downtrend. Fortunately for most crypto enthusiasts, this downtrend is about to come to an end before the end of the year. ...

Market Update – Markets Balance As BTC, ETH, XRP BCH And EOS Level Out

After yet another uncertain week, we are seeing some balance maintaining within the markets this morning after an air of uncertainty has swept the through the crypto sphere over the past few months. It’s been hard work trying to remain optimistic, however today the markets are starting to suggest that the markets could be ready for a fork in the road, a turning point, so to speak. The balance we say today is down to market correction, giving prices a steady edge as values remain at levels that have been consistent through the last few weeks. This is good news, because cryptocurrencies aren’t losing value, but also bad news because your investments aren’t climbing, just yet. Let’s have a look at this mornings standings: At the time of writing, Bitcoin is valued at $6,374.17, up 1.18%. Bitco...

$1.5 Billion Of BTC, ETH And LTC Has Been Illegally Gambled During The World Cup

Police in Guangdong, a city in China have allegedly arrested hundreds of individuals for their involvement in an illegal gambling ring that has seen the gambling of $1.5 Billion in cryptocurrencies over the world cup period. This stems from an investigation across 21 security firms within Guangdong that in total has seen arrests of 540 people, all of whom have had involvement in the organization of illegal gambling rings. According to CCN: “In an announcement, the Guangdong Provincial Public Security Department narrowed down on a specific unnamed online gambling platform that facilitated over RMB 10 billion ($1.5 billion) in cryptocurrency betting. The gambling platform promised support for betting in Bitcoin, Ethereum’s Ether token and Litecoin, the announcement said. In the 8 months sinc...

Ethereum (ETH) Appears Bullish Than Ever Despite Sell Pressure

Ethereum (ETH) has been under a lot of sell pressure recently as projects built on Ethereum (ETH) continue to dump their coins on exchanges. It recently happened with EOS (EOS) when company accounts dumped a big load of their Ethereum (ETH) coins on Bitfinex. The same is true of other ICOs conducted on the Ethereum (ETH) blockchain. To Ethereum (ETH) founders and developers, this would be the cost of doing business, which is perfectly fine long term. However, for investors in Ethereum (ETH), it is a major concern considering they never know when an ICO project is going to dump a big load of their Ethereum (ETH) holdings on an open exchange. Ethereum (ETH) looks more bullish than ever despite these negative developments. The monthly chart for ETH/USD shows how Ethereum (ETH) has reached the...

Ethereum-based Strategy Game ‘Cryptogirl’ Launches In Open Beta

The makers of Cryptogirl, an extensible strategy card game built on the Ethereum Network, have revealed that an open-beta trial version of the game went live on July 9, 2018. Cryptogirl is the first game to offer both PvE and PvP gaming experiences in a blockchain-based gaming environment. The game also features in-game digital collectibles that can be traded or sold using the popular cryptocurrency, Ether. The game is set in the far future, after a huge comet fragment belt strikes earth and wipes out humanity – but unleashing a mysterious power. Players use ‘cryptogirls’, the main characters of the game, to search, collect, and sometimes fight for this power. Players earn in-game bounties and prizes by obtaining cryptogirls and items which can be found by activating ‘incubators’. Pl...

Latest Crypto Hack Sees $13.5 Million Ethereum And PundiX Stolen

Israeli company Bancor are the latest victims of a cryptocurrency related hack that is alleged to have seen $13.5 Million worth of cryptocurrency stolen. Here is the latest update on the recent security breach: pic.twitter.com/JroypFvBri — Bancor (@Bancor) 9 July 2018 The hack has seen both Ethereum and PundiX stolen from Bancor, though the hack is of quite a large scale, the markets haven’t been impacted too dramatically by this news. According to the announcement by Bancor: “The details of the breach are still being investigated, but we wanted to update the community with the facts that we have so far. A wallet used to upgrade some smart contracts was compromised. THis compromised wallet was then used to withdraw ETH from the BNT smart contract.” Moreover: “Once the theft was identified,...

Why Choose Smaller Cap Platforms Over Ethereum?

Last year was perhaps the most pivotal year for altcoins we’ve seen. New crypto architectures sprang up almost daily proposing solutions for myriad industries. The heat of the moment brought attention to altcoins, which catalyzed a manic uptick in public discourse, technological advancement, and most glaringly, price. But through this manic proliferation of cryptocurrency types, it’s grown increasingly difficult to parse the fundamentals of each coin and determine which ones have value and which ones are more smoke and mirrors. Security coins, utility coins, platform coins — it can be dizzying to figure out how to invest your money. But if you take a closer look at the top 15 altcoins, more than half are platform coins. And within the top 15, Ethereum’s dominance is clear and far larger th...

Ethereum (ETH) Price Action Hints Market Correction Not Over Yet

Ethereum (ETH) has been trading in a bullish channel since the previous bull market. It touched the bottom of this channel at the beginning of 2017 and then touched the top of this channel twice, once in June 2017 and then again in late January 2018. After that, the price has continued to fall continuously, but has yet to touch the bottom of the channel. In April this year, the price made an attempt to reverse in the wake of an expected altcoin rally but negative Bitcoin (BTC) price action soon dragged the price down. At this point, there is little chance of Ethereum (ETH) heading back up from these levels without touching the bottom of the channel. If this development follows through and Ethereum (ETH) does test the bottom of this bullish channel that would mean that this market correctio...

Paying With ETH On Amazon? Time To Meet Zeex

Zeex promises to be the next generation for cryptocurrency adoption. This is a platform and a concept that we are very excited about. And yes, Zeex does mean we can spend Ethereum at Amazon… What is Zeex? Zeex is a crypto to product concept, with zero fees, far away from FIAT. In essence, Zeex lets you purchase items from your favourite stores, via cryptocurrency. It is literally the essence of cryptocurrency adoption, in a swift and trendy new platform. Check out the official Zeex website, here- https://www.zeex.me/ Zeex provides users with access to real life products and discounted gift cards, through an anonymous and decentralised format. Stunningly, within the Zeex platform, users are not subject to any exchange or transaction fees. It’s a ridiculously simple to use platform and...

Market Update – BTC, ETH, XRP, BCH And EOS

This morning, the markets remain in a steady position after what was a devastating end to June. We have seen cryptocurrencies reach new 2-month lows, dipping beyond control and leaving the markets in a position of uncertainty. Today, thankfully, it does seem as if some balance has been resumed. Negativity still reigns overall but at the very least, this negativity has been met with some positive price movements. Overall, prices are low, but, not as low as they could have been. We’re not out of the woods just yet, but at least now we can be confident that July may see market values in a bit more of a positive light. Let’s take a look at how the markets look today. At the time of writing, Bitcoin is valued at $6,380.47, down 0.08%. Bitcoin had briefly slipped below $6,000.00, worrying holder...

You Can Now Transfer Ether In Chat

The Ethereum cryptocurrency has attained a new level of financial value, ranking as the second highest cryptographic currency in the world, becoming one of the most widespread and commonly used tokens amongst the entire crypto-industry. Assimilating the Ether token into an extensive array of decentralized-applications (DApps) brings even more value to the token as a currency. To add to this growing list, the ADAMANT Messenger team have created a feature specifically for the use of Ethereum tokens, allowing Ethers to be sent and received within chats. Some examples of this use, include: A platform for financial transactions. An e-commerce application to sell personal goods and services. A private communication platform for buyers. Such a large market in today’s world can add to the ever-gro...

Ethereum (ETH) Set To Challenge Downtrend In The Next Few Days

Ethereum (ETH) is yet to escape a formidable downtrend that has been dragging the cryptocurrency from an ATH of $1,448 since the beginning of the year. However, the cryptocurrency seems to have found support at $423 and is currently trading at the bottom of the channel. The last few weeks have been tough for Ethereum (ETH) as it became the centre of bad news regarding ICOs, infighting and technical scalability issues. So, Ethereum (ETH) can be considered fortunate in this regard that at least the correction it went through was well deserved, unlike cryptocurrecncies like Ethereum Classic (ETC) which were dragged down with Bitcoin (BTC) and the rest of the market for no good reason. Ethereum (ETH) looks set to challenge its current downtrend in the days ahead. A breakout from current levels...