Ethereum Price Technical Analysis (Oct. 17): Still in the Panic Phase

Ethereum Price Technical Analysis (Oct. 17): Still in the Panic Phase

When looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $177.8. The price has broken the support of $178, turning it into resistance with new support at $173.43. The price seems to be stuck between the channels, like Bitcoin, with the resistance as the upper limit and support as the lower limit. The price is approaching the resistance so it is suggested not to take long positions at this…

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Singaporean Man Stole Identities and Cloud Computing Power to Mine Cryptocurrencies

Singaporean Man Stole Identities and Cloud Computing Power to Mine Cryptocurrencies

The US Justice Department has indicted a Singaporean man for impersonating various business personalities, faking the identity of video game developers and exploiting Google Cloud and Amazon Web Services (AWS) in order to mine cryptocurrencies including Bitcoin(BTC)trade, Litecoin (LTC)trade and Ethereum (ETH)trade. It is not the first time that crypto fraudsters have been impersonating various personalities and celebrities to manipulate innocent investors. However, it is the first of its kind case in which the scammer…

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UNICEF to Accept Crypto Contributions after Launching its Cryptocurrency Fund

UNICEF to Accept Crypto Contributions after Launching its Cryptocurrency Fund

The United Nations announced that UNICEF will now be open to receive donations in cryptocurrency, on October 9th. Currently, the only two cryptocurrencies available for transaction are Bitcoin(BTC)trade and Ethereum (ETH)trade. As part of the new initiative, UNICEF has launched its Cryptocurrency Fund, the first of United Nations Organizations to take that step. UNICEF has announced that it will use the Cryptocurrency Fund for the purpose of sponsoring open source technology. The programs will be…

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Reddit’s Ethereum-Based Micropayment Service TripJar Announces Shutdown

Reddit’s Ethereum-Based Micropayment Service TripJar Announces Shutdown

In a Reddit post, the cryptocurrency micropayment service TipJar announced that the company would shut down their website in six months time. The post also urged the company’s customers to withdraw any funds on their accounts before the website is taken down. TripJar is primarily an Ethereum-based micropayment service that allows Redditors to send cryptocurrency funds to each other in Ethereum (ETH)trade and ERC-20 tokens. The services of the company had been stopped on October…

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Venezuela’s Central Bank Contemplates What to Do with Crypto Reserves

Venezuela’s Central Bank Contemplates What to Do with Crypto Reserves

According to some sources, Venezuela’s Central Bank is conducting tests to check if it can contain cryptocurrencies in its coffers. The news came after Petroleos de Venezuela SA showed interest in using Bitcoin(BTC)trade to make its payments. Petroleos de Venezuela SA (PDVSA) is a state-run natural oil and gas company. According to some unnamed sources, the company is looking for ways to use Bitcoin and Ethereum (ETH)trade as currencies of payment to the central bank…

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Fraudsters Already Attempt to Impersonate the New Bitcoin Futures Platform Bakkt

Fraudsters Already Attempt to Impersonate the New Bitcoin Futures Platform Bakkt

It appears that crypto fraudsters have already started impersonating the newly-launched Bitcoin futures trading platform Bakkt. Intercontinental Exchange (ICE) launched Bakkt on Monday after being delayed two times in the past. The trading platform facilitates the institutional-grade investors to take positions on the cryptocurrencies through a government-regulated channel. For scammers, that turned out to be an opportunity and they started a series of scams, incorporating the Bakkt website. Cryptocurrency giveaway scams, phishing, and Ponzi schemes…

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Ethereum Price Technical Analysis (September 25): The Bears Prompt the Panic Phase

Ethereum Price Technical Analysis (September 25): The Bears Prompt the Panic Phase

When looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $166.67. The ETH price has recently broken the support of $171.25 turning it into resistance with the next support level at $160.75. The second-largest cryptocurrency’s price has fallen 26% which clearly indicates a negative momentum. The price has jumped back up after breaking the support, but the jump looks temporary and the price may again test the support. Dow…

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UK Police Authorizes Auction of £500,000 Seized Cryptocurrencies

UK Police Authorizes Auction of £500,000 Seized Cryptocurrencies

The world is about to witness another groundbreaking event in the crypto world as the UK police gave the green light to auction about £500,000 (around $620,000) in various cryptocurrencies seized from a criminal. The criminal, identified as Elliott Gunton, was nabbed by the UK police for his involvement in a number of crypto crimes. The 19-year-old confessed to being the mastermind behind a number of felonies involved with cryptocurrency. This includes hacking services and…

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Brokerage Firm Tagomi Enables Quick Short Positions of Bitcoin and Ethereum

Brokerage Firm Tagomi Enables Quick Short Positions of Bitcoin and Ethereum

The New York-based cryptocurrency brokerage and trading platform Tagomi has solved one of the biggest challenges associated with trading cryptocurrencies: how to short Bitcoin(BTC)trade and Ethereum (ETH)trade with ease. As reported by Bloomberg Quint, the firm is aiming to make cryptocurrency shorting easy and address the key issues faced by crypto traders. Tagomi was founded by former employees of Goldman Sachs and Union Square Ventures, a digital assets brokerage firm provides institutional-grade digital asset trading…

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Ethereum Price Technical Analysis: Getting Closer Down to the $170 Support Level

Ethereum Price Technical Analysis: Getting Closer Down to the $170 Support Level

Analysis Ethereum (ETH)trade is currently trading at $172.50. As you can see in the graph below, the ETH price is trading between the channels. The next resistance level is at $182 and support level is at $170. Long positions can be taken around the first support level, keeping the it as a stoploss. The cryptocurrency price is expected to trade between the channels for two cycles, and this can be used for swing trading. Dow…

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