Ethereum Will ‘Mega Moon’ Against Bitcoin, Predicts Trader – CCN.com

Ethereum continues to languish against bitcoin. Here’s what it needs to break the downward spiral. | Source: Shutterstock To say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair. $ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W — Suprematic Wassie (ex_hermit) (@GothBtcSinner) September 10, 2019 Nevertheless, big accounts in the…

Blockstack Raises $23 Million USD in First Regulated Token Offering

Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a Reg A+ compliant offering. The breakdown of the token offering consisted of $15.5 million USD raised through the sale of  74.3 million Stacks tokens through its Reg A+ sale in the US, and an additional…

IBM Official Elected Chair of Hyperledger Blockchain Tech Board

The Hyperledger technical steering committee (TSC) has elected another IBM official as its chair amid controversy over the tech giant’s increased representation on the panel. Arnaud Le Hors, a senior technical staff member for blockchain and web open technologies at IBM, succeeds Dan Middelton, a principal engineer with Intel, according to an email sent to the TSC mailing list Wednesday.  “I’m happy to have the chair role in good hands,” Middelton wrote to the list. A year ago Middelton replaced Christopher Ferris, CTO of open technology at IBM, who had…

The NFL’s Russell Okung Won’t Stop Until He’s Paid in Bitcoin

When we hopped on a call last Friday, Russell Okung had just left his last practice of the week, but he couldn’t get away without his teammates blasting him over Bitcoin. “Every single day,” Okung laughed over the phone when I asked him how often they give him flack. Towering like a modern day Ajax at 6’5” and 310 lbs, it’s hard to imagine anyone ragging on the two-time Pro Bowl left tackle for anything, really — unless, of course, the subject matter is something as absurd and arcane as…

Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes

View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart. A wedge breakout, if confirmed, would open the doors to $10,956 (Aug. 20 high). A UTC close above that level would confirm bull revival. On the lower side, a high-volume drop below $9,855 could pave…

Ethereum Price (ETH) Could Breakdown In Short Term, Bitcoin Down 3%

ETH price is struggling to continue to move higher above the $185 resistance against the US Dollar. The price is likely to decline if bitcoin continues to struggle below the $10,250 level. There is a connecting bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken). The price remains at a risk of more downsides as long as the price is below $185. Ethereum price is struggling to gain strength above $185 versus the US Dollar since bitcoin is declining. ETH price…