|Day's range||191.23 - 200.73|
|52-week range||65.16 - 800.24|
|Volume (24 hrs)||1.16M|
|Volume (24 hrs) all currencies||1.95B|
It’s another bearish start to the day for the majors. While the upward momentum is evident, support could wane if Bitcoin struggles into the weekend.
It’s a mixed start to the day for the majors. An afternoon rally allowed the majors to avoid yet another day in the red. More support is needed, however.
Unstoppable Domains is on a mission to make the Internet more censorship resistant. Announcing a new $4 million round of financing on Thursday, Unstoppable Domains is building a registry for domain names secured by blockchains.The post Unstoppable Domains raises $4M to create a decentralized domain registry appeared first on The Block.
As part of our series on knowing the developers, this week we're taking a dive into the number two cryptocurrency by market cap and liquidity: Ethereum.The post Knowing the developers: an analysis of go-ethereum and parity-ethereum appeared first on The Block.
Ethereum (ETH) is currently trading at around $256 after a 5% price increase over the last 24 hours. Most cryptocurrencies are now experiencing moderate gains after recovering from a flash sell-off last week, and Ethereum is now following Bitcoin’s upwards path. Volumes are also coming back in full force, and ETH is now seeing close to $12 billion daily trade volume. Let’s take a look at the charts. Looking at the chart above, we can clearly see a couple of interesting things. Firstly, the 20-day EMA has crossed the 50-day EMA, which is a very bullish signal. Price is also trading well above the 200-day EMA – another bullish signal. While there is some resistance between the $250-$255 levels, when The post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.
A bitcoin move back through to $8,000 could be the buy signal for the broader market. $8,200 levels will be the bulls’ near-term target.
DASH hits reverse in the early hours, following on from Monday’s pullback. A move back through to $167 levels would be needed to support a rebound.
The pendulum swings back in favor of the bears in the early hours of this morning. A recovery through key levels would support an afternoon rebound.
The SEC on Monday delayed its ruling on a proposed bitcoin ETF (exchange-traded fund) from the investment firm VanEck.
Goldman Sachs-backed crypto finance venture, Circle, has published a third-party audit of its USD-pegged stablecoin, USD Coin (USDC). This is an Ethereum-based token compliant with the ERC20 standard first announced in May last year and released a few months later. The audit of the coin’s fiat reserves was conducted by Grant Thornton. Its report states that as of 30th April 2019 at 11:59 PM Pacific Time: USD Coin (USDC) tokens issued and outstanding = 293,184,174 USDC US dollars held in custody accounts = $293,351,374 The issued and outstanding USDC tokens do not exceed the balance of the US dollars held in custody accounts. ‘Very attractive’ Earlier this year, Circle predicted significant retailer take up of USDC. In an AMA reddit The post Circle releases Grant Thornton attestation report on USD Coin appeared first on Coin Rivet.
It’s been quite a week for the majors and the bulls will be looking to end it on a high to see momentum continue into next week…
Ethereum is a blockchain-based decentralised platform designed for running smart contracts. As explained here, a smart contract is a program that runs exactly as coded by its creator. It is essentially an execution that can be set up ahead of time to trigger automatically once certain conditions are met. The Ethereum Virtual Machine (EVM) runs on the Ethereum network and allows anybody to run a program, making the process of building blockchain applications much simpler. Developers don’t need to build a new blockchain from scratch for each application, and they’re not tied down to a particular programming language. In essence, Ethereum is building the first decentralised world computer on a public blockchain. Smart contracts are important because they allow for The post A guide to Ethereum’s ERC standards appeared first on Coin Rivet.
The inability to stay above $8K threshold resulted in a Bitcoin drop of $1,400 in just a few hours. Over 24 hours, first cryptocurrency lost more than 9% to $7,300, only partially recovering from a decline to $6,600.
It’s down but not out for the crypto bulls. While double-digit losses have eaten into the weekly gains, it’s going to be about the 2nd half of the day.
The bears are fighting back. Is this profit taking or is the market in for a full reversal? Keeping an eye on the support levels will be key.
To fully understand the need for ERC (Ethereum Request for Comments) standards, you should understand how updates, upgrades, and code changes take place in Ethereum. Ethereum Improvement Proposals (EIPs) describe standards for the Ethereum platform, including core protocol specifications, client APIs, and contract standards. These are proposed by any Ethereum community member and then discussed internally. Only after you fully understand the connection between EIPs and ERCs can you understand how ERCs work. So, first things first. EIP types Before diving in to what EIP status means, you ought to understand what the purpose of each EIP type is and why there’s a wide variety of them. Standard Track: This describes any change that affects most or all Ethereum implementations, The post How Ethereum Improvement Proposals (EIPs) work appeared first on Coin Rivet.
Over the last 5 days, the price of Bitcoin has soared by 31% or $2,000. At the time of writing, the benchmark cryptocurrency trying to catch on above $8,200.