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Ethereum Blockchain Almost Full Leaving Scalability More Important Than Ever

Recently speaking to The Star news outlet earlier this week, the co-founder of Ethereum, Vitalik Buterin reiterated his views on the Ethereum blockchain in that it faces a major scalability barrier. He explained that the blockchain is “almost full” but dealing with this problem would not only reach further adoption but would also reduce transaction costs. Buterin has stated: “Scalability is a big bottleneck because Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join it will not only be full but we will be competing with everyone for transaction space. It’s already...

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Sally Ho's Technical Analysis 20 August 2019

Bitcoin Bitcoin (BTC/USD) orbited the psychologically-important 10,000 figure early in today’s Asian session as traders attempted to build upon the positive upward momentum that saw traders reclaim the 10,000 figure last weekend.  The 10,508.20 level emerged as an important one late in the weekend when traders tested it, an area that represents the 38.2% retracement of the move from 5,072.01 to 13,868.44.  Bids have recently emerged at multiple important technical levels over recent trading sessions, and this is indicative of a stronger upward bias. These levels include the 9,470.23 area, representing the 50% retracement of the move from 5,072.01 to...

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Ethereum (ETH) Is On The Verge Of A Game Changing Crash

Ethereum (ETH) broke past $200 in an impressive run up yesterday as the price shot straight past the 50 EMA on the 4H time frame breaching the 38.2% fib retracement level from the local top. RSI on the 4H chart for ETH/USD shows that the price is now trading under overbought conditions but if circumstances were different, this may not have stopped it from rallying higher. However, the reality on ground is that Ethereum (ETH) remains in bear trend despite the recent bullish move. The descending triangle that ETH/USD is trading in could end in a lot of blood especially...

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How Bakkt Will Impact Ethereum As Well As Bitcoin

The launch of Bakkt’s Bitcoin futures and custody platform on 23rd September is a shot of adrenaline for the crypto space but on top of boosting the flagship currency, Ethereum could see a knock-on effect from the action. It has been very anticipated for a while now but the physically settled futures should in theory shift market composition towards greater institutional influence. As explained by Ethereum World News, Bakkt is “a subsidiary of Intercontinental Exchange, the owner of the New York Stock Exchange. Bakkt hopes to quicken the pace of institutional bitcoin adoption. Its custody pitch for best of class...

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Sally Ho's Technical Analysis 19 August 2019

Bitcoin Bitcoin (BTC/USD) continued to try to gain ground above the psychologically-important 10,000 figure early in today’s Asian session as the pair built upon Bids that emerged around the 10,066.66 level during yesterday’s European session.  This level was above the 10,046.06 area, representing the 23.6% retracement of the 13,202.63 – 9,071.00 range, and Bids later emerged above the 10,087.62 area, representing the 76.4% retracement of the move from 8,919.72 to 13,868.44. Additional Bids then emerged around the 10,367.06 area during yesterday’s North American session, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Technical Support that has been...

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