According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem
Archives for January 15, 2019
- Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar.
- There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The price may soon make the next move either above $3,650 or below $3,540 in the near term.
Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could trigger bullish moves towards $3,720 and $3,800.
Bitcoin Price Analysis
After trading above the $3,700 level, bitcoin price faced renewed selling pressure against the US Dollar. More importantly, Ethereum’s bearish reaction sparked a downward move below $3,650 in the BTC/USD pair. It declined below the $3,620 support and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $3,376 low to $3,716 high. The price even traded below the $3,600 support, but the $3,560 pivot acted as a solid support.
Additionally, the 50% Fib retracement level of the last wave from the $3,376 low to $3,716 high also acted as a support. At the outset, the price is currently holding the $3,560 support, with range moves. It seems like there is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair. Should there be an upside break above the $3,650 resistance, the price may climb towards the $3,700 and $3,750 levels. On the other hand, a downside break below $3,560 and $3,540 might trigger bearish moves. The next key supports are near $3,500 and $3,455.
Looking at the chart, bitcoin price is clearly consolidating and preparing for the next move either above $3,650 or below $3,540. The current price action is positive, but a convincing break above $3,650 is must for a decent upward move. If not, it could drop to $3,500 or $3,455.
Hourly MACD – The MACD for BTC/USD is about to move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD recovered nicely and it may soon break the 50 level.
Major Support Level – $3,540
Major Resistance Level – $3,650
The post Bitcoin Price Watch: BTC Approaching Next Significant Break appeared first on NewsBTC.
A new blockchain project will track cobalt from a mine in Africa to a Ford Motor plant in the U.S.
- Ripple price traded to a new weekly high at $0.3384 and later corrected lower against the US dollar.
- There was a break below a key bullish trend line with support at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair must trade above $0.3260 and the 100 hourly simple moving average to gain traction.
Ripple price is showing a few bearish signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.3170 to bounce back above $0.3260 and $0.3300 in the near term.
Ripple Price Analysis
Yesterday, we saw a decent upside recovery above the $0.3250 resistance in ripple price against the US Dollar. The XRP/USD pair even traded above the $0.3300 resistance area. A new weekly high was formed at $0.3384 and later the price corrected lower. It declined below the $0.3300 support and the 100 hourly simple moving average. Sellers also pushed the price below the 50% Fib retracement level of the recent wave from the $0.3109 low to $0.3384 high.
During the decline, there was a break below a key bullish trend line with support at $0.3250 on the hourly chart of the XRP/USD pair. The pair is now trading well below $0.3260 and the 61.8% Fib retracement level of the recent wave from the $0.3109 low to $0.3384 high. It tested the $0.3200 support and corrected a few points recently. However, there is a strong resistance formed near $0.3250, $0.3260, and the 100 hourly SMA. Moreover, the broken trend line may also stop gains near $0.3270. Finally, there is a short term connecting bearish trend line with resistance at $0.3265 on the same chart.
Looking at the chart, ripple price seems to be trading near a key turning point above $0.3200. It could either break the $0.3260 and $0.3270 resistance levels or decline below $0.3200. On the upside, a break above $0.3270 may push the price towards $0.3350 and $0.3380.
Hourly MACD – The MACD for XRP/USD may make an attempt to move in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just around the 50 level.
Major Support Level – $0.3200
Major Resistance Level – $0.3270
The post Ripple Price Analysis: XRP at Potentially Key Turning Point appeared first on NewsBTC.
- ETH price trimmed most its recent gains and declined below the $121 support area against the US Dollar.
- There was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair still remains supported on the downside above the $113 and $114 levels.
Ethereum price declined against the US Dollar and bitcoin after the Constantinople hard fork was postponed. However, ETH/USD could bounce back as long as it is above $113.
Ethereum Price Analysis
Yesterday, we saw a solid upside break above $121 and $124 in ETH price against the US Dollar. The ETH/USD pair even broke the $128 resistance and later spiked above the $130 level. However, the upside move was capped by the $131-132 zone. It also represents the 50% Fib retracement level of the key drop from the $151 high to $113 low. More importantly, the drop was due to the delay announcement of the Constantinople hard fork. The market reacted to the downside and the price dropped below $124.
Sellers gained traction and pushed the price below the 61.8% Fib retracement level of the recent wave from the $116 swing low to $132 swing high. More importantly, there was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD. The pair settled below the $124 level and the 100 hourly simple moving average. The current price action is bearish below the $121 pivot level and the 76.4% Fib retracement level of the recent wave. On the downside, there are a few important supports near $114 and $113.
Looking at the chart, ETH price may correct a few points, but it is likely to revisit the $113 support area before a fresh bullish wave. On the upside, a break above the $121 and $124 levels is needed for a decent upward move.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is currently in the bearish wave, but it’s losing momentum.
Hourly RSI – The RSI for ETH/USD is currently well below the 50 level, with a slight bearish angle.
Major Support Level – $113
Major Resistance Level – $124
The post Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay appeared first on NewsBTC.
Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto. The initiative, which launches today, January 16, 2019, is available in all 50 American states.
Essentially, this partnership allows companies across the United States and Puerto Rico to fund their W2 payrolls and payroll taxes in ether and bitcoin. At the other end, employees can choose what percentage of their wages will be paid in bitcoin or paid in fiat currency.
Apart from payroll funding, the service also provides U.S.-based companies with the ability to fulfill HR and payroll compliance obligations for the employer to the U.S. government.
According to Jonathan Chester, co-founder and CEO of Bitwage, companies that earn crypto often find it hard to pay W2 employees and taxes, as “traditional payroll and payroll tax systems are designed for the fiat world.”
He added: “Companies with banking issues using cryptocurrency could only hire employees as contractors, because paying taxes on behalf of W2 employees in fiat was impossible. This new product release changes this.”
While some companies hold lots of crypto assets, they lack the means of paying employees, freelancers, vendors or tax agencies with local currencies.
“We are enabling BTC or ETH to be a part of this. The BTC or ETH gets converted into fiat to be able to interact with these traditional systems. The worker can choose to receive a portion of their wage in BTC at the end as well,” Chester explained.
He noted that Bitwage does not yet include the option for companies to pay out in ETH, just pay in. “However, now companies such as ICOs and decentralized applications with a lot of ether can hire people as W2 employees/offer benefits and stay in compliance,” he said.
In addition, these companies can fund their crypto holdings and make payments to local and foreign vendors, with adoption in countries such as India, Argentina, Britain, Brazil and others.
“While the partnership is for U.S.-based payroll, tax, hr, benefits, we can also pay fiat to freelancers and vendors internationally,” said Chester.
Live Beta Results
Bitwage has been running a beta version of this service for peer-to-peer crypto marketplace Paxful, as it seeks to improve crypto acceptance and fiat currency payouts.
“Bitwage bridges the gap between Bitcoin and the traditional finance system,” said Hayel Abbassi, a Paxful controller based out of their New York office. “As a company that earns 100 percent of revenue in bitcoin, we are always looking for service providers who will accept digital currency … Bitwage has recently formed a partnership with a traditional payroll company who integrates into their platform to provide these services.”
This article originally appeared on Bitcoin Magazine.
According to multiple sources, BNP SA, known by many as the largest bank in France, reportedly made a loss of $80 million in derivative trades connected to the United States. The sources confirmed that Antoine Lours, the Head of U.S index trading at BNP, is yet to return to his position at the bank. Lours
The post France’s Largest Bank BNP Paribas Loses $80 Million Due to Trader’s Pre-Vacation Snafu appeared first on CCN
Tilray’s share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks? Or, is it as simple as Tilray “insiders” cashing in their profits? Tilray’s stock lost 17.24% by the end of trading on the Nasdaq today, wiping out recent day’s gains. With its IPO, Tilray
The post Investors Probably Didn’t Turn Their Backs on Tilray Cannabis Stocks Today appeared first on CCN
Stock prices of twelve of the largest pharmaceutical companies in the USA have fallen sharply after the commencement of a Congressional investigation into prescription drug pricing practices. In a statement released yesterday, it was revealed that the House Oversight Committee chaired by Senator Elijah Cummings (D-Md) sent letters requesting information about their pricing strategies to AbbVie, Amgen,
The post Pharma Stocks Decline as House Democrats Investigate Drug Prices appeared first on CCN
Here’s why several stablecoins saw sudden bursts of activity over the past three months.