EOS is reporting gains on a down day for the wider crypto markets and may soon rally to fresh all-time highs.
As of writing, the world's fifth largest cryptocurrency by market valuation is changing hands at $14.61 – up 7.6 percent in the last 24 hours, according to CoinMarketCap.
Meanwhile, most other major coins are flashing red. For instance, bitcoin is reporting 1.2 percent drop, bitcoin cash and IOTA are down 12 percent each and names like ethereum (ETH), Ripple (XRP), cardano and stellar are down at least 8 percent each.
The good news for EOS does not end here: it's also the biggest gainer among the top 10 cryptocurrencies by market cap on a week-on-week basis.
EOS' 62 percent rally is backed by a notable 556 percent rise in daily trading volumes, indicating that strong hands are at play and the rally is here to stay.
It's worth noting that EOS rallied sharply in the run-up to the April 15 eosDAC airdrop and, more importantly, remained well bid after the ..
Having rallied more than 50 percent this month, bitcoin is now witnessing a pullback.
The cryptocurrency rose to $9,767 on Bitfinex earlier today – the highest level since March 12 – before falling back to $9,100. As of writing, bitcoin (BTC) is changing hands at $9,125.
The 6.8 percent drop from the intraday highs signals bullish exhaustion near the gradually ascending (bullish biased) 200-day moving average (MA) at $9,835. Furthermore, the 4-hour chart below shows scope for a deeper pullback ahead.
The indicated bearish engulfing candle (price action engulfed previous 4-hour candle's high/low) also suggests bullish exhaustion.
Meanwhile, the relative strength index (RSI) index has dipped below the double top neckline support, signaling that BTC will likely find acceptance below the ascending trendline support and drop toward the 50-day MA, currently located at $8,654.
Note, the 50-day, 100-day and 200-day MAs are sloping upwards and aligned one below the other..
Who thought giving something away could be so complicated?
That's the question crypto innovators have had to come to terms with since the concept of “airdrops” – or the practice of gifting tokens in massive giveaways – has come under the scrutiny of government regulators.
But with the launch of a new product Wednesday, CoinList, an initial coin offering (ICO) facilitator spun out of the renowned startup incubator AngelList, is looking to streamline the process of airdrops in a way that doesn't run afoul with the law.
Aptly named Airdrops, the product runs users through compliance checks and attestations so that a token issuer can give CoinList's users free tokens. On top of that, if the issuer is looking for users that meet certain criteria (be it a profession or location), they can verify that users actually fit those backgrounds.
In this way, CoinList CEO Andy Bromberg believes he has found a way to enable airdropped offerings at a time when many in the industry a..
MarketWatch, the news publishing unit of Dow Jones Media Group, announced Wednesday that it will begin tracking the market moves of eight additional cryptocurrencies.
On Wednesday, the company said that on top of its bitcoin tracking tool, MarketWatch will display information for ether, XRP, bitcoin cash, litecoin, ether classic, monero, dash and zcash. The website has been tracking the price of bitcoin since 2014.
The new service will post real-time quotes for both the U.S. dollar and the euro – as well as historical price trends for the nine crypto-assets – using data from the cryptocurrency exchange Kraken.
“It's no doubt that our readers, as the world's savviest investors, have an eye on digital currency and we're happy to be expanding our real-time tracking of a total of 9 cryptocurrencies in both Euro's and USD, with Kraken's help,” Dan Shar, general manager at MarketWatch, said in a statement.
The Dow Jones Media Group itself has moved to test block..
After a historic 2017, the cryptocurrency markets took a decided downturn in Q1.
Bitcoin, ethereum, litecoin – and most major cryptocurrencies – saw declines in a variety of metrics: exchange volumes, transaction counts, and, of course, price. With it, too, public sentiment on the technology appears to have become more mixed.
Some naysayers, like Nobel Prize-winning economist Joseph Stiglitz, saw the decline as confirmation that 2017 was a mirage and that bitcoin “ought to be outlawed,” while Warren Buffett joined the chorus as prices started to tank and stated that it would “all come to a bad ending.”
Still others, like Twitter & Square CEO Jack Dorsey, ignored lowered prices to suggest “the world ultimately will have a single currency…[and] that it will be bitcoin.” Peter Thiel made similar comments, while Goldman Sachs issued a report that stressed bitcoin's usefulness as a crisis currency.
Besides the prices, there was more bad news: Coincheck experienced a huge hack o..
The Cboe wants to change the way it prices bitcoin futures contracts, a move that comes just months after the exchange operator first debuted its inaugural cryptocurrency product.
In a newly published letter to the Commodity Futures Trading Commission (CFTC) dated April 17, CBOE Future Exchange (CFE) managing director Matthew McFarland announced a proposed rule amendment that would lower the minimum increment on its futures contracts from 10 points (worth $10) to 5 points (worth $5) sometime on or after May 1.
The move will have a “positive impact on the market in XBT futures,” McFarland wrote.
The change would apply to single leg transactions, meaning those involving only one contract, and not spread trades, which require an investor to buy and sell two different contracts simultaneously. Spread trades currently have a minimum increment of 0.01 points ($0.01), according to the letter.
McFarland said the decision to make this change was supported by data the company collected sinc..
Bitcoin's price climbed above $9,200 on Tuesday to hit a 40-day high, according to data from CoinDesk's Bitcoin Price Index (BPI).
Following a steady increase over the past week, the price of world's largest cryptocurrency by market capitalization jumped above $9,000 soon after the morning trading session began around 00:30 UTC, after which it continued to climb up to as high as $9,220.97 at around 2:00 UTC.
The price is at its highest point since March 14, when bitcoin dropped $800 within one trading day to reach a one-month low around $8,000. Following the plunge, the cryptocurrency's price declined to as low as $6,593 on March 30, reflecting what is now a 39% gain since that market bottom.
The wider cryptocurrency market has seen price growth in the past month as well, climbing above $400 billion in terms of total capitalization, according to data from CoinMarketCap. That figure has shifted between $200 billion and $300 billion since March 18.
Having rallied more than 80 percent in the last week, bitcoin cash (BCH) looks overbought and due for a pullback.
The world's fourth largest cryptocurrency by market capitalization confirmed a bull breakout on April 15 by crossing the long-term descending trendline.
The price rise occurred alongside the broader market recovery seen after bitcoin's $1,000 rally on April 12, but also looks to have been further buoyed by a technical “hard fork” upgrade planned for next month.
As a result, bitcoin cash has outperformed its peers over the last seven days, rising well above the $1,000 mark.
Clearly, the hard fork news seems to have played a big role in boosting BCH prices. The bitcoin cash network is scheduled to change the cryptocurrency's underlying code, increasing its block size from 8MB to 32MB, on May 15.
However, there is no plan to “airdrop” a new coin to current holders, and the current blockchain will merely be replaced by the updated version (Bitcoin ABC 0.17…
Having witnessed a major bullish breakout, bitcoin (BTC) is now struggling to find acceptance above the $9,000 mark.
The cryptocurrency crossed the long-term descending trendline (drawn from the Dec. 17 high and Jan. 6 high) in a convincing manner and closed well above the resistance at $8,459 on Friday, signaling a bearish-to-bullish trend change.
However, in the last 48 hours, BTC has struggled to hold on to gains above $9,000 over the weekend, indicating bullish exhaustion around the key resistance.
As of writing, bitcoin is changing hands at $8,940 on Bitfinex – up almost 40 percent from the April. 1 low of $6,425.
The chart above shows that BTC created a small doji candle on Saturday, marking indecision in the marketplace. When viewed against the backdrop of a 40 percent rally from $6,425, the doji likely signals bullish exhaustion.
Further, BTC reported losses on Sunday, confirming a bearish doji reversal pattern.
Tezos, the blockchain project backed by the largest ever initial coin offering (ICO) at the time of its 2017 launch, hasn't exactly been able to translate its hype into success as yet. Hamstrung by series of legal woes, the open-source software, designed for blockchain governance, has spent months ironically held back by real-world challenges similar in spirit to those it was designed to overcome digitally.
But after a whirlwind transition at the non-profit that oversees the software, the protocols creators and investors are moving swiftly toward a beta and a formal release. Outstanding issues remain, mostly of a legal and bureaucratic nature, but those involved say the technology is taking strides toward going live.
“Nice to be back to business,” venture capitalist Timothy Draper, a financial backer of the Tezos protocol, told CoinDesk in an email.
Draper is, of course, discussing that transition, during which grassroots investors became activi..