China’s Central Bank is Leading a Draft of Instructions to Stop Bitcoin Exchanges

China’s Central Bank is Leading a Draft of Instructions to Stop Bitcoin Exchanges   Multiple Monday reports have added to speculation that Chinese authorities are planning to ban bitcoin trading on domestic exchanges, with no plans to stop non-commercial, over-the-counter transactions. After Friday’s swirling rumors about Chinese regulators reportedly drawing plans to shut down domestic bitcoin exchanges, the…

Ripple price analysis

Ripple Price Technical Analysis: Started a Short-Term Downtrend

Ripple Price Technical Analysis: Started a Short-Term Downtrend   Ripple price stated a short-term downtrend against the US Dollar and Bitcoin. XRP/USD faces tough resistance near $0.2250 for further gains. The Status: Ripple price after struggling to move above $0.2400 against the US Dollar started a short-term downtrend. There is a descending channel forming with…

Ethereum Classic Price Technical Analysis: Recent Gains Turn into Obstacles

Ethereum Classic Price Technical Analysis: Recent Gains Turn into Obstacles   Ethereum classic price attempted a recovery and managed to move close to $16 against the US Dollar and Bitcoin before retracing back.ETC/USD broke below the $15.31 support where it’s currently moving to and fro. The Status: Ethereum classic price after a solid decline towards…

Bitcoin price analysis

Bitcoin Price Technical Analysis: Catalyst Needed for a Breakout

Bitcoin Price Technical Analysis: Catalyst Needed for a Breakout   Bitcoin price is consolidating inside a descending triangle pattern and could stay within the formation until a catalyst triggers a breakout. The Status: Bitcoin price has formed lower highs and found support around $4005, creating a descending triangle pattern. Price just bounced off support and…

Canada bitcoin

Canada Grants Official Registration to Bitcoin Investment Fund

Canada Grants Official Registration to Bitcoin Investment Fund   Securities regulators in the Canadian province of British Columbia have granted an official registration to an investment firm that plans to launch a bitcoin-tied fund. The British Columbia Securities Commission (BCSC) granted the registration to cryptocurrency investment firm First Block Capital Inc. Based in Vancouver, First Block…

Ethereum blockchain network

Ethereum Network Sets New Record for Number of Transactions Processed in 24 Hours

Ethereum Network Sets New Record for Number of Transactions Processed in 24 Hours   The Ethereum network set a new throughput record yesterday, processing over a half million transactions in less than a 24 hour period. With all the news attention being focused on Bitcoin, the Chinese ICO ban, and Ripple’s lawsuit woes, Ethereum has quietly continued to…

Chinese Government Official Claims ICO Ban is Non-Permanent

Chinese Government Official Claims ICO Ban is Non-Permanent   During an interview with state-owned national television network CCTV-13, Hu Bing, a researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the government’s ban on initial coin offerings (ICOs) is only temporary. The Chinese Academy of Social Sciences and its Institute of Finance…