EthereumEthereum ETH news

An indespensible element to the entire Ethereum smart-contract platform, a 'fuel' for it
Price, 24h
272.72 USD / 0.03118000
-0.09% / 2.16%
Volume, 24h
2,405,210,584 USD
0.00%
Marketcap
28,549,930,014 / 10%
Emission
Chart price/vol/NIS 7d
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Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle

Ripple price started a fresh increase and it surged above $0.3000 against the US dollar. The price is currently correcting higher after trading to a new monthly high near $0.3040. Earlier, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is slowly correcting lower and it could find bids near the $0.2940 and $0.2920 levels. Ripple price is moving nicely in a positive zone against the US Dollar and bitcoin. XRP price remains in an uptrend above $0.2900, while ETH and BTC are struggling. Ripple Price Analysis Yesterday, we saw a downside correction in ripple below the $0.2850 support area against the US Dollar. XRP price traded as low as $0.2783 and recently started a fresh increase. It is up more than 4% and cleared many hurdles near the $0.2900 and $0.2920 resistance levels. Moreover, there was a close above the $0.2900 level and the 100 hourly simple moving average. During the rise, there was a break above a declining channel with resistance near $0.2860 on the hourly chart of the XRP/USD pair. The pair gained momentum above the $0.2950 and $0.3000 resistance levels. A new monthly high is formed near $0.3040 and the price is currently correcting. It is trading below the 23.6% Fib retracement level of the recent wave from the $0.2783 low to $0.3040 high. On the downside, an immediate support is near the $0.2940 level. However, the main support is near the $0.2920 level. Additionally, the 50% Fib retracement level of the recent wave from the $0.2783 low to $0.3040 high is also near the $0.2915 level to provide support. If there are more downsides, ripple price could revisit the $0.2880 support area and the 100 hourly SMA. On the upside, an initial resistance is near the $0.3000 and $0.3020 levels. If there is a successful close above $0.3020, the price could surge above the $0.3040 and $0.3050 levels in the near term. The next stop on the upside is near the $0.3100 level. Looking at the chart, ripple price is showing a lot of positive signs above the $0.2920 support area. Therefore, there are high chances of a decent upward move above the $0.3000 in the coming sessions. Only a close below $0.2880 may perhaps negate the current positive bias and start a fresh decline. Technical Indicators Hourly MACD – The MACD for XRP/USD is gaining strength in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level. Major Support Levels – $0.2940, $0.2920 and $0.2880. Major Resistance Levels – $0.3000, $0.3020 and $0.3040. Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle was last modified: October 18th, 2019 by Aayush JindalThe post Ripple (XRP) Price Is Following Uptrend: BTC & ETH Continue To Struggle appeared first on NewsBTC.
NewsBTC/analysis

Ethereum (ETH) Rebound Faces Major Hurdle Near $180

Ethereum price is currently correcting higher, but it is facing a strong resistance near $180 against the US Dollar. Bitcoin price is up more than 1.5%, but it is also facing resistance $8,120 and $8,200. This week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair is clearly facing a strong resistance near the $180 level and the 100 hourly SMA. Ethereum price is currently recovering higher versus the US Dollar, similar to bitcoin. However, ETH price must settle above $180 to continue higher in the near term. Ethereum Price Analysis Yesterday, we saw an extended decline in Ethereum below the $180 support against the US Dollar. Moreover, ETH price settled below the $180 support and the 100 hourly simple moving average. The decline was such that the price traded close to the $170 level. A swing low was formed near $171 before the price started an upside correction. It recovered above the $174 and $175 resistances. Additionally, this week’s followed major bearish trend line was breached with resistance near $174 on the hourly chart of ETH/USD. The pair climbed above the 23.6% Fib retracement level of the last decline from the $188 high to $171 low. Finally, the price spiked above the $178 resistance area. However, the upward move is facing hurdle near the $180 resistance and the 100 hourly simple moving average. Moreover, the price failed to test the 50% Fib retracement level of the last decline from the $188 high to $171 low. Ethereum retreated from highs and it is currently trading below $178. It seems like the $180 area and the 100 hourly SMA are crucial barriers. Therefore, a successful close above $180 could push the bulls to continue higher in the near term. If not, there is a risk of another decline below the $175 level. The main support is near the $172 and $170 levels. If there are more downsides, the price is likely to accelerate its decline below the $165 level. The next key support is near the $160 level. Looking at the chart, Ethereum price is facing a strong resistance near the $180 level and the 100 hourly SMA. If there is a successful close above $180, the price could recover towards the $185 level. An intermediate resistance is near the 61.8% Fib retracement level of the last decline from the $188 high to $171 low. ETH Technical Indicators Hourly MACD – The MACD for ETH/USD is likely to move into the bearish zone. Hourly RSI – The RSI for ETH/USD is currently moving lower towards the 50 level. Major Support Level – $170 Major Resistance Level – $180 Ethereum (ETH) Rebound Faces Major Hurdle Near $180 was last modified: October 18th, 2019 by Aayush JindalThe post Ethereum (ETH) Rebound Faces Major Hurdle Near $180 appeared first on NewsBTC.
NewsBTC/analysis

Meet Matic Network – The Most Talked About ETH Scaling Solution

Coinspeaker Meet Matic Network – The Most Talked About ETH Scaling SolutionWith a young and digital-savvy population, it’s no surprise that India established itself as a technology powerhouse more than a decade ago. Many multinational corporations took advantage of salary arbitrage to outsource or offshore their IT operations, leading to an explosion in India’s digital economy. As of 2018, the Indian tech industry was worth $181 billion.However, in the blockchain space, things look somewhat different. The US is home to Coinbase, Switzerland can boast of the Ethereum Foundation, Singapore has the Litecoin Foundation, and China has NEO. But so far, although there is a blockchain scene in India, it’s failed to take hold in the same way as some of the more cryptocurrency-friendly jurisdictions.Perhaps the government reluctance to embrace cryptocurrencies explains why only 0.25 percent of Indian programmers are familiar with blockchain technology. While this could be lamentable, a more optimistic view of the situation could see it as a massive opportunity for the global blockchain sector. It’s a vast programmer talent pool, just waiting to be tapped.So, perhaps the establishment of a big-name blockchain company in India could be just the catalyst needed to inspire local programmers to make the shift. Currently, Mumbai-based Matic Network is making waves in the blockchain space. Now, it could prove to be the flagship project that kicks off a new era for the blockchain sector in India.Why all the excitement? Because Matic has taken the Ethereum smart contract platform and put it on steroids. What’s more, its success in doing so is capturing the attention of some of the biggest names in the space.Ethereum – Bigger, Better, FasterScalability issues have long haunted Ethereum, which five years after launching, is still trudging along at 10-20 transactions per second. To get an idea of how significant this scalability challenge is, consider that two years ago, the entire network nearly ground to a halt due to the traffic of a single application. At the recent Ethereum DevCon held in Osaka, developers confirmed it could be up to two years before the long-awaited Eth 2.0 achieves scalability.Despite these issues, Ethereum still has one of the biggest user bases and developer communities of any other blockchain project out there. So, rather than building an entirely new platform from scratch, Matic has taken a more pragmatic approach.Leveraging their extensive experience in a scaling solution known as  Plasma, the team has implemented a second layer on top of the Ethereum blockchain. It can handle up to 65,000 transactions per second, with all the decentralization benefits of the Ethereum network.Building on the existing platform means that Matic’s solution will appeal to the established Ethereum community, giving them access to a ready-made base of supporters.Finding Strength in PartnershipsThe word “partnership” has become almost problematic in the blockchain space. Historically, marketers have had the propensity to overuse the term to describe any loose collaboration. For example, in 2017, Internet-of-Things-meets-blockchain project IOTA had to confess that it didn’t have the partnership with Microsoft that it had previously announced.So, it’s refreshing when a project comes along that can demonstrate real, meaningful partnerships on development activities that enable both parties to become greater than the sum of their parts.Two of the biggest backers of Matic also happen to be two of the biggest names in the sector. Binance is the biggest crypto exchange in the world, and last year, it branched out into running token offerings on behalf of startups. Matic ran a successful token sale with Binance in April of this year, attracting investment from Coinbase Ventures shortly afterward.The partnership with Binance has now expanded into working with the exchange giant on the integration of Binance chain to the Matic Network.Interoperability – The Future of BlockchainThere’s plenty more. Blockchain platform Harmony, which also ran a token sale with Binance, has also teamed up with Matic. Harmony released a blog post explaining how its open infrastructure will benefit from Matic’s off-chain processing capability, enabling even faster transaction speeds.Similarly, Matic has also established a research partnership with another blockchain project called Elrond, aimed at improving blockchain interoperability. Matic is particularly interested in Elrond’s consensus method, while Elrond stands to learn more from Matic about the potential for enhanced scalability.These partnerships are the kind that is much-needed in the blockchain space overall. Until now, blockchains have tended to exist in isolation, so interoperability between different platforms is an ongoing challenge. The only way to solve it is through collaboration, enabling blockchain platforms to work together in a meshed ecosystem, free of Chinese walls.This strong ethos of partnerships could also help Matic to accelerate the development of the blockchain space on its home soil. If up-and-coming programmers see what the team is doing, and how they’re gaining credibility across the sector, it may empower them to make their own foray into the blockchain space. Given that India is already a behemoth in the broader technology sector, it isn’t a huge leap to make.With the backing of Coinbase and Binance, it shouldn’t be a surprise that Matic is proving itself as one of the hottest projects of 2019. On the strength of its platform and substantial portfolio of collaborative partners, it looks set to continue soaring into 2020 and beyond.Meet Matic Network – The Most Talked About ETH Scaling Solution
Coinspeaker

Ethereum Name Service (ENS) launches multi-coin support on mainnet

Ethereum Name Service (ENS) launches multi-coin support on mainnet - CryptoNinjas Ethereum Name Service (ENS), an Internet naming service built with smart-contracts on the Ethereum blockchain, has announced the launch of multi-coin support on mainnet. 15 wallet partners have already committed to supporting the new feature. Multi-coin support means users can now employ one ENS name for all of their cryptocurrency wallets, with all the ENS […] Ethereum Name Service (ENS) launches multi-coin support on mainnet - CryptoNinjas
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BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case

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Startups in Switzerland and Liechtenstein, natural integration of crypto into Switzerland's banking system, Jamaica's JSE and securities, more crypto exchanges news: South Korea and Cayman Islands as newsmakers, Malta's MFSA scam 'scanner', fund for blockchain integration in Uzbekistan, Kik against SEC trial

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This week, everyone made a wish about crypto price increase — while we observed the Rothschild vs. Trump scandal, — and surely made some crypto predictions for the New Year

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Donald Trump appoints a pro-Bitcoin Chief of Staff, Facebook hires 40 ex-PayPal members and develops a stablecoin for WhatsApp, cryptojacking cases have risen 40%, Ethereum reaches 50M unique addresses, Vitalik Buterin gives $300K to three startups, the UK releases a new tax rule, OKEx launches Perpetual Swap, Coinbase migrates $5B to cold storage

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India thinks whether to ban or not BTC, Upbit states the importance of crypto regulation, Dutch central bank to regulate crypto companies, Spain is preparing a draft regulation bill, South Korea convenes for debate with seven crypto exchanges, Chile declares that crypto regulation is in progress & other news on regulation

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Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in a presentation entitled “Central Bank Money: ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Bermuda Kicks Off Natural Blockchain I.D System Development With Shyft Network

Bermuda's blockchain identification system recently kicked off. This project is currently under development with the main partners being Perseid and Shyft Networks. The blockchain i.d ecosystem is set to leverage decentralization in keeping records for the citizens of Bermuda. This small Island nation joins Catalonia who is also creating a digital ledger for i.d record […]
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Brave Blockchain and Privacy Browser Scores 8 Million Active Monthly Users

Blockchain-powered privacy web browser, Brave, has just announced in an official blog post that the browser now has 8 million active users who use it monthly and a daily user mark of 2.8 million. The platform’s growth has been quite commendable and is slowly increasing in popularity, gearing up its head to compete with other bigger browsers. The Brave platform now also has 290,000 Brave Verified Publishers, who earn Brave’s Basic Attention Tokens (BAT) as payments for the content they produce and make available. Of this number, the announcement states that 15,000 are Twitch streamers with 33,000 website publishers and creators and a whopping 200,000 content creators on YouTube. Two months ago, Brave began allowing Twitter users to tip other accounts that post interesting content, using BAT. Since inception, 28,000 users have now signed up for this service and are free to tip and receive as well. The Brave team is heavily focused on putting control in the hands of content creators and eliminating the middlemen as much as possible. For a long time, major ad services companies like Google and Facebook, have not only been profiting too much off users’ contents but seem to unnecessarily tracking ad and user activity. Since the Brave platform is powered by blockchain technology, there is little to no chance that there will be any unnecessary tracking. Brave also incentivizes its users to watch ads on the platform and pays these viewers in BAT. The Brave Ads platform is an opt-in service that was officially launched back in April and according to design, users are paid 70% of revenue from the ads just for viewing them. Today, there have been 385 successful campaigns on the platform. Furthermore, Brave also reports that its platform engagement has hit an impressive 14% click-through rate, much higher than the industry average of 2%. The post Brave Blockchain and Privacy Browser Scores 8 Million Active Monthly Users appeared first on ZyCrypto.
ZyCrypto

Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
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