A combined effort from nakamo.to and Advanced Blockchain AG attempts to bring into life an innovative platform run inside IOTA‘s (MIOTA) Tangle Network. Peaq is essentially a new base-layer for tokenization, acting similarly to Ethereum’s ERC-20 Protocol. The German “industrial empire”, which advanced dramatically during the WWII and after, has made clear that German’s ain’t playing around when it comes to disruption and technological marvels. Brands like BMW, Volkswagen, Bayer, BOSCH, and the fresh but significantly important IOTA Foundation are here to showcase the Deutsch approach when it comes to technological advancement and innovative critical thinking. So what exactly is Peaq and how it works? Peaq claims to be the first truly decentralized tokenization and exchange platform, bui
Key Highlights ETH price is slowly moving higher and it is currently trading above the $520 support against the US Dollar. Yesterday’s highlighted major bearish trend line with resistance at $535 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now facing a major resistance near $560 and the 100 hourly simple moving average. Ethereum price is in a recovery mode against the US Dollar and Bitcoin. ETH/USD must breach the 100 hourly SMA to continue its upside momentum. Ethereum Price Resistance There was a decent upside move in ETH price from the $480 swing low against the US Dollar. The price traded higher and recovered above the $500 and $520 resistance levels. The best part was a close above the 50% Fib retracement level of the last drop from the $610 swing
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Bitcoin (BTC-USD) and most other cryptocurrencies had an extremely volatile weekend. After plunging and approaching the $7,000 price level, bitcoin sharply recovered and is trading for nearly $8,300 on Monday morning, with most other major cryptocurrencies seeing similar rebounds. Here's a rundown of today's cryptocurrency prices, the news item that caused this weekend's drop, and the comments that triggered the rapid rebound. Image source: Getty Images. Today's cryptocurrency prices As I mentioned, most cryptocurrencies are in positive territory on Monday, with all of the top 10 higher. Some popular altcoins, such as Cardano, NEO, and Stellar, are up by double-digit percentages after being some of the worst per...
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.The focus will probably shift to the G20 summit, where cryptocurrencies are expected to be discussed. The Financial Stability Board (FSB), which advises on and coordinates financial regulation in the G20, is unlikely to introduce new rules, but the news will still keep the markets on edge.While
Updated, 03/19/2018, 11:30am PT: Orriginal article incorrectly attributed NAND price as a factor for GPU pricing. As the price of Ethereum continued to drop week over week, the mining difficulty continued to rise. At this pace, mining profits are quickly thinning out. Last year, the price of Ethereum took off like a rocket and headed for the moon. At the beginning of the year, Ether coins traded for less than $10, and by the end of December, people were willing to shell out close to $1,000 per coin. The stratospheric rise in value also attracted a massive influx of cryptocurrency miners hoping to make a quick buck. Last summer, we conducted an Ethereum mining experiment that involved the creation of a “profitable” mining rig out of older parts that had piled up and started colle
Ethereum crashed under $500 yesterday after SEC Enforcement Division Co-Director, Stephanie Avakian, made the announcement that the agency was investigating “dozens” of crypto companies involved in unregistered ICO’s. This week during an Investment Adviser Association conference held in Washington D.C, Avakian confirmed that the agency was taking further action against non-compliant crypto companies involved in ICOs, in a bid to provide better consumer protection, after subpoenas were issued to several startups back in February. On July 25th 2017, the SEC ruled in a DAO token report that digital assets were to be considered securities under U.S law and were therefore subject to the relevant legislation. Under this report any crypto startup which wishes to issue tokens via an ICO must r
Ether's technical recovery from the 100-day low hit yesterday looks to be a "dead cat bounce." The world's second largest cryptocurrency by market capitalization, which traded around $740 a week ago, fell to $460 on Sunday - its lowest level since Dec. 11. The 37.8 percent fall looks to be associated with ether-specific news flow and broad-based risk aversion in the crypto markets. Last week, an official at the U.S. Securities and Exchange Commission (SEC) said the agency is investigating "dozens" of initial coin offerings (ICOs) - news that seems to have weighed over ether, given the ethereum blockchain serves as a platform for token creation via its ERC-20 standard. Further, ETH's drop below $500 yesterday coincided with reports that the EOS team is releasing about 400,000 ETH tokens
Key Highlights ETH price fell sharply and even traded below the $500 level before correcting higher against the US Dollar. There is a major bearish trend line forming with resistance at $550 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to move above the $540-550 resistance area, which is a bearish sign in the near term. Ethereum price nosedived recently against the US Dollar and Bitcoin. ETH/USD has to move above the $550 resistance to initiate a decent recovery. Ethereum Price Upside Hurdle The past few days were mostly bearish on ETH price as it declined below $500 against the US Dollar. The price tumbled and even broke the $460 support area. However, it managed to stay above the $450 level and started an upside correction. A low was formed at $453 fro...
Even though all cryptocurrency markets are suffering from bearish momentum, some worrisome trends are emerging. The Ethereum price, for example, has lost nearly 20% in value over the past 24 hours. Such a steep loss is not entirely surprising, given Bitcoin’s downtrend, yet it seems Ethereum’s reign of being the second-largest cryptocurrency may come to an end pretty soon. Even though the year 2017 has created a very bullish Ethereum price scenario, it seems most of those gains are being wiped out as we speak. Whereas one Ether was almost worth $1,400 just a few months ago, it is not losing value quicker than virtually any other coin on the market. All of this further confirms the “flipp