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Tag Archives: XEM

Ethereum (ETH) Technical Analysis (May 22, 2018)

From our charts, Ethereum is reversing previous losses and week over week it’s up one percent though chances of further upsides exceeds that of sell pressure. While I remain upbeat, we must take caution and note that May 11 Ethereum highs at $750 is a strong resistance line. Technically-and considering our analysis, it is a liquidation line and an upper ...

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Nobel-Winning Economist Shiller: Bitcoin Could Be Another Failed Monetary Experiment

The advent of the cryptocurrency market is mimicking that of some of history’s most failed monetary experiments, according to Robert Shiller. Shiller: ‘No One Can Explain How Cryptocurrencies Work’ Writing in a new blog posted today, the Yale professor and Nobel-winning economist wrote that enthusiasm for the cryptocurrency market remains strong despite warnings that it could be a scam. ‘One ...

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Coincheck Removes Monero and Three Other Coins Under FSA Ban

Coincheck will delist Monero and three others cryptocurrencies deemed to grant too much anonymity to holders under orders from the Japanese FSA. Japan’s FSA Bans Monero, Zcash, Dash and Augur According to Sputnik Coincheck has confirmed rumors that they will be removing Monero (XMR), Zcash (ZEC), Dash and Augur’s Reputation (REP) coin from trading on its exchange by June 18 ...

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Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar. There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to stay above the $704 support and the 100 hourly simple moving average to move ...

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Tron (TRX) Price Watch: Bullish Run Ready to Resume, Upside Targets

Tron Price Key Highlights Tron broke out of a consolidation pattern previously highlighted to reflect a return in bullish momentum. Price could move up to the Fibonacci extension levels next, especially with catalysts underway. Technical indicators, however, have yet to catch up to reflecting bullish pressure. Tron broke higher from its short-term consolidation to confirm that bulls are back in ...

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Price Analysis May 21, 2018

It’s just four days before Tron launch their Tron Virtual Machine (TVM) and already there is injection of momentum. Yes, I’m net long Tron and that’s a technical and sentiment advice based on historical formations before announcement of coin specific developments. In my view, TVM is a plus and while we expect more updates before their mainnet launch, buying on ...

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More Millennials Use Bitcoin Marketplaces Like Paxful to Invest in Cryptocurrency Market

An increasing number of millennials are utilizing bitcoin marketplaces and peer-to-peer exchanges like Paxful to invest in the cryptocurrency market as a store of value and an alternative payment system to banks. Millennials Better Suited to Lead Cryptocurrency Adoption Earlier this year, Columbia University Business School professor Chris Castiglione stated that millennials are better suited to lead the adoption of ...

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Price Analysis May 18, 2018

Besides EOS that have subtle hints of higher highs following May 16 bullish pin bar or spring, other coins including Tron are printing negative gains in the last 24 hours. Of note is how Stellar Lumens prices are behaving despite good news. Despite everything, it is engaging the sell gear and slowly aiming for 30 cents, a key and important ...

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The Bitcoin Network Uses as Much Electricity as Ireland: Study

According to a new study, the Bitcoin network could be consuming as much as 0.5% of the world’s total electricity — a number comparable to the amount of power used by the entire country of Ireland.  Bitcoin and Electricity Usage That said, determining exactly how much electricity the Bitcoin network uses, necessary for understanding its impact and implementing policy in ...

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