Bitcoin (BTC) Steady as IEO is on the Cards for BitFinex

Bitcoin (BTC) consolidate among bears BitFinex considering an IEO to raise $1 billion It may take weeks, but whales are already lining up $300 million in USDT to shore BitFinex, and maintain community’s trust. While Bitcoin could dip, strong support is at $4,950. Bitcoin Price Analysis Fundamental Well, there is development around USDT, Tether Limited, and BitFinex. The exchange may be one of the most liquid and perhaps, trusted moving around five percent of Bitcoin’s daily trading volumes. It could be higher when the space is calm but with a…

Ripple (XRP) Add 4.5 Percent But is it Overpriced?

Ripple (XRP) up 4.5 percent Critics argue that the coin is overpriced At third, Ripple (XRP) prices are steady, bouncing off primary support at 30 cents. Even so, commentators say there is an overvaluation despite institutional, High net worth investors channeling their funds in Q1 2019. Ripple Price Analysis Fundamentals True, the space is sophisticated and with a mix of start-ups, analysts, supporters, developers and speculators, it may appear an arduous task to navigate. At one-point Ripple Inc, the independent company that owns a majority of XRP, always have to…

Ethereum (ETH) Respond After Elon Musk Tweet, ProgPOW Has the Funding

Ethereum (ETH) add 2.8 percent ProgPOW funding secure, Berlin’s Least Authority to audit Ethereum Price Analysis Fundamentals Ethereum (ETH) is superior and an upgrade of Bitcoin. Its native currency in ETH can operate within an ecosystem, powering smart contracting as a settlement coin. Besides, considering the infinite number of possibilities that the platform opens up for visionaries, it is understandable that the community reacts the way it did to a single one-word tweet by Elon Musk, the brains behind Tesla and Space X. Ethereum — Elon Musk (@elonmusk) April 30,…

English Soccer Club Launches Blockchain Fan Token

English Premier League soccer team West Ham United turns to blockchain to launch its own token. The “fan token,” powered by Socios.com will allow West Ham’s 40 million supporters to vote on club decisions and gain access to exclusive rewards. The fan token initiative has already been adopted by Juventus and Paris St. Germaine and comes during a wave of mainstream blockchain adoption. Just this week, Jaguar Land Rover inked a deal with cryptocurrency platform IOTA.  West Ham United is proud to announce a partnership with @socios, the blockchain-based fan…

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise

Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names. Chief strategy officer Matt Trudeau told CoinDesk that, at launch, ErisX’s platform will include both its exchange…

Bitcoin (BTC) Price Flirts With Key Resistance: Upside Break Possible

Bitcoin price is facing a strong resistance near the $5,150 and $5,160 levels against the US Dollar. The price must break the $5,160 and $5,200 levels to start a strong rebound. There is a major bearish trend line forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely preparing for the next break either above $5,200 or towards $4,950. Bitcoin price is trading near a couple of important hurdles against the US Dollar. BTC seems to be preparing for…

Crypto Market Approaching Next Break: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap is currently placed nicely above the $162.5B and $164.0B supports. Litecoin (LTC) price is currently trading below $70.00, but it could recover in the short term. Bitcoin cash price declined below $250 and it remains at a risk of more losses. EOS price is under pressure and it could face sellers near $4.65 or $4.70 in the coming sessions. Stellar (XLM) price is likely to make an attempt to regain the $0.1000 pivot level. The crypto market cap is forming a breakout pattern, with range…

Ripple (XRP) Price Trading Near Key Inflection Point: Bear or Bottom?

Ripple price managed to stay above the $0.2850 support area against the US dollar. The price is currently facing a strong resistance near the $0.2900 and $0.2910 levels. There is a major bearish trend line in place with resistance near $0.2910 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either recover above $0.2950 or start a fresh decline below the $0.2850 support. Ripple price is currently consolidating in a tight range against the US Dollar and bitcoin. XRP is likely to make the…

Ethereum (ETH) Price Forecast: Short Term Upside In Play

ETH price seems to be forming a decent support near the $150 level against the US Dollar. The price corrected higher and traded above the $154 resistance level. There was a break above a connecting bearish trend line with resistance near $152 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further higher towards $160 if it settles above the 100 hourly simple moving average. Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH bulls could succeed in starting…

Want to Understand Bitfinex? Understand Mt. Gox  

Daniel Cawrey is chief executive officer of Pactum Capital, a quantitative cryptocurrency investment firm and hedge fund. Sina Nader was a professional money manager at Morgan Stanley as well as Credit Suisse and is now head of investor relations at Pactum. The views expressed are those of the authors and are not investment advice. “History doesn’t repeat itself, but it often rhymes” This quote is often attributed to Mark Twain. And while Bitfinex doesn’t exactly rhyme with Mt. Gox, there are several parallels in the stories of these two exchanges.…