EthereumEthereum ETH news

An indespensible element to the entire Ethereum smart-contract platform, a 'fuel' for it
Price, 24h
272.72 USD / 0.03118000
0.71% / 2.16%
Volume, 24h
2,405,210,584 USD
0.00%
Marketcap
28,549,930,014 / 10%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

Ethereum (ETH) Price Holding Support: Buying Dips Favored

ETH price is struggling to gain momentum above $275 and $280 against the US Dollar. The price is currently correcting lower towards the $268 and $265 support levels. Yesterday’s highlighted key bullish trend line is intact with support near $267 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $268, $267 and $265 support levels. Ethereum price is trading in a broad range below $275 versus the US Dollar, but extended losses vs bitcoin. ETH price could start a strong rally if there is a clear break above $275 and $280. Ethereum Price Analysis After a short term downside correction, Ethereum price recovered from the $262 swing low against the US Dollar. The ETH/USD pair traded above the $265 and $270 resistance levels. Moreover, the price remained well above the $270 level and the 100 hourly simple moving average. However, the price struggled to clear the key $275 resistance level and recently corrected lower once again. It traded below the 23.6% Fib retracement level of the upward move from the $262 swing low to $275 high. There were a couple of spikes below $270, but the price remained well bid above $268. Besides, the 50% Fib retracement level of the upward move from the $262 swing low to $275 high acted as a strong support. More importantly, yesterday’s highlighted key bullish trend line is intact with support near $267 on the hourly chart of ETH/USD. The main support is near the $266 and $265 levels. The 100 hourly SMA is positioned near the $265 level to act as a solid support. An intermediate support is near the 61.8% Fib retracement level of the upward move from the $262 swing low to $275 high. Therefore, the price is likely to bounce back as long as it is above the $265 support. On the upside, the main resistance is near the $275 level. If there is an upside break above $275, there are chances of more upsides above the $278 and $280 levels in the near term. Looking at the chart, Ethereum price is clearly struggling to gain momentum above $275 and $280. A successful close above the $280 barrier is must for a sharp rise towards the $290 and $300 resistance levels. On the downside, if there is a break below the $265 support, the price is likely to continue lower in the coming sessions. ETH Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish bullish zone, with negative signs. Hourly RSI – The RSI for ETH/USD just dipped below the 50 level, with a bearish angle. Major Support Level – $265 Major Resistance Level – $275 Ethereum (ETH) Price Holding Support: Buying Dips Favored was last modified: June 18th, 2019 by Aayush JindalThe post Ethereum (ETH) Price Holding Support: Buying Dips Favored appeared first on NewsBTC.
NewsBTC/analysis

EOS Price Could Rally Soon: BTC, ETH, XRP Remain In Uptrend

EOS price climbed above the key $6.85 resistance levels. EOS is likely to continue higher in the near term similar to bitcoin, ETH, XRP and litecoin. Key Talking Points EOS price started a steady rise and settled above the key $6.850 resistance (Data feed of Kraken) against the US Dollar.There is an ascending channel forming with support near $6.750 on the 4-hours chart.The price could decline a few points, but the $6.850 and $6.750 supports are likely to stop losses. EOS Price Analysis In the past couple of days, there were strong upsides in bitcoin, EOS, Ethereum and litecoin against the US Dollar. EOS price formed a swing low near the $6.384 and recently started a steady rise above the $6.600 and $6.750 resistance levels. The chart above indicates that EOS price even broke the main $6.850 resistance level and 100 simple moving average (4-hours). It opened the doors for more gains above the $7.000 and $7.120 levels. The price traded to a new weekly high at $7.293 and it recently started a downside correction. There was a break below the $7.100 level and the 23.6% Fib retracement level of the recent wave from the $6.384 low to $7.293 high. However, there are many supports on the downside near the $6.850 and $6.800 levels. Moreover, the 50% Fib retracement level of the recent wave from the $6.384 low to $7.293 high is also near the $6.850 level to act as a strong support. Besides, there is an ascending channel forming with support near $6.750 on the 4-hours chart. Therefore, if the price corrects lower, it could find a strong buying interest near $6.850. If there is a downside break below $6.850 and a follow through below $6.800, the price may move back in a bearish zone. On the upside, EOS price is facing a strong resistance near the $7.250 and $7.300 levels. If there is an upside break above the $7.300 level, EOS is likely to accelerate higher towards the $7.600 and $7.850 levels in the coming sessions. The market data is provided by TradingView. The post EOS Price Could Rally Soon: BTC, ETH, XRP Remain In Uptrend appeared first on Ethereum World News.
Ethereum World News

Polish Bank Verifies Documents With Ethereum Blockchain

Polish Bank Verifies Documents With Ethereum Blockchain Alior Bank, a bank based in Warsaw, Poland, is using the public Ethereum blockchain to authenticate its clients’ documents, according to a report by Forbes on June 17. According to the report, when a client at Alior receives a document, they can now verify its authenticity by following […] Cet article Polish Bank Verifies Documents With Ethereum Blockchain est apparu en premier sur Bitcoin Central.
Bitcoin Central

Polish banking giant Alior to leverage Ethereum blockchain for first public ledger

While financial institutions still maintain the preconceived notion of cryptocurrency as a threat to their existence, the mass adoption of cryptocurrency and blockchain technology can no longer be ignored. With 2019 witnessing a surge in token offerings and the participation of a large number of non-financial players, some banking organizations have started to provide crypto/blockchain-based services as a primary differentiator. In a recent development, the Polish banking giant Alior announced a new service offering aimed at allowing customers to maintain and tally immutable official records. According to the report, the banking company took the bold step of leveraging a public Ethereum blockchain for document authentication, which contradicts the traditional bank’s notion of maintaining private ledgers. Alior’s Blockchain Strategy Lead, Tomasz Sienicki, commented, “Our mission is to be disruptive, so we want to provide innovative solutions, and we want other banks to follow us as well. We welcome if somebody copied our solution. We are showing that it’s possible to use public blockchain even if some people think it’s impossible.” While the main driver for making the decision can be linked backed to the Polish regulation that requires banks to provide customers a durable access to documents, Alior representatives confirmed that the blockchain-based system maintains compliance with existing federal regulations. Further, Sienicki said, “Everybody can copy this code and use it for his or her purposes. We encourage people to do so.” While Alior’s initiative is a reflection of the massive role of blockchain in the future of finance, several other financial giants including JP Morgan have invested in crypto-related products to enable real-time payments between institutional clients. Alior is the first banking institution to have developed a network technology that can be joined by other companies, making the experience more transparent. The post Polish banking giant Alior to leverage Ethereum blockchain for first public ledger appeared first on AMBCrypto.
AMBCrypto

Ethereum to Break $300? Energi up 400%, ChainLink and Tron News - Altcoin Update

In this #Altcoin update, Billy is looking at Ethereum and if it might break $300 soon, ChainLink Thundercore Partnership, Energi surging more than 400% and the latest news from Tron. ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwY... ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: #Etheruem to break $300? https://www.altcoinbuzz.io/crypto-news/partnerships/clic-and-opporty-partners-to-enable-ethereum-based-payments-on-amazon/ https://www.newsbtc.com/2019/06/16/ethereum-eth-price-weekly-forecast-break-above-300-likely/ https://www.cryptopolitan.com/ethereum-2-0-launch-is-almost-6-months-away-now-mark-the-date/ https://www.slideshare.net/Marwat10/22-immutable-laws-of-marketing-29970055 #Tron updates: https://ambcrypto.com/tron-join-hands-with-latoken-to-become-an-ieo-payment-token/ https://twitter.com/justinsuntron/status/1140275015645986817? ChainLink (LINK) Thundercore Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/following-google-cloud-announcement-thundercore-announces-partnership-with-chainlink-for-oracle-services/ https://cloud.google.com/blog/products/data-analytics/building-hybrid-blockchain-cloud-applications-with-ethereum-and-google-cloud? Energi (NRG) up 400% + in 2019...Breaks into top 100! https://twitter.com/Energicrypto/status/1139238205990080512 https://coinmarketcap.com/currencies/energi/ https://www.altcoinbuzz.io/crypto-news/spotlight/interview-with-energi-nrg-cryptocurrency-for-world-adoption/ --------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – Tradingview.com XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, Tradingview.com The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on Bitcoinist.com.
Bitcoinist

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.
CoinGape

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.
ZyCrypto

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas
CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
CCN
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