Crypto News | OKEx Lists TRON and IBM Adds Two Blockchain Patents

In today’s edition of crypto news, we’ll cover OKEX’s latest addition to its customer-to-customer platform and IBM’s new blockchain patents. Crypto news has been a bit slow this week, in regards to big announcements but the two we’ll discuss today should give investors some confidence going into the weekend. OKEx Adds TRON (TRX) to C2C Platform OKEx, the world’s fourth-largest cryptocurrency exchange by 24-hour trade volume, announced the addition of TRON (TRX) to its Customer-to-Customer platform on Wednesday. Tron (TRX) is now available on our C2C market! Deposit/Trade in our C2C market…

OneCoin Leader Arrested in New York

US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme. Ruja Ignatova and Konstantin Ignatov have been indicted by the State of New York for wire fraud, securities fraud, and money laundering. Ignatov was arrested this week, however, Ignatova remains at large. The pair defrauded investors out of “billions of dollars” using fake cryptocurrency. OneCoin Prosecutors are calling the OneCoin project a pyramid scheme whereby members work on a commissions basis and try to recruit other members to the project.…

Ripple (XRP) Stumble as Regulators Stay Silent on Coin Status

Ripple prices in range mode Fuzzy regulations impede XRP adoption. Transactions volumes drop, prices dip As long as there is doubt on XRP status, financial institutions, as well as processors, will steer clear. Until then, Ripple (XRP) prices will be in range mode trading within tight trade channels with caps at 34 cents. Ripple Price Analysis Fundamentals By design, the Ripple network is in place to cater to the needs of the more than 15,000 individual banks. Their scope is broad but slowed down by institutions not ready to “experiment”…

No, Bitcoin (BTC) is Not a Quick Rich Scheme, Price Approaching $4,000

Bitcoin prices up 1.6 percent FCA Research paints crypto-asset owners as greedy Transaction volumes low, drive above $4,500 must be high-volume. The UK’s FCA research concludes that Bitcoin (BTC) and crypto-asset investors are here for the money. Meanwhile, prices are stagnant, and as accumulation continues, the next feasible target will be $4,500. Bitcoin Price Analysis Fundamentals The open source nature of blockchain projects means anyone can plug in, mine, contribute code or do whatever they wish for the sole to strengthen the network. Unfortunately, this is also an open door…

Cardano 1.5 Means Project Shelly, Will ADA Prices Respond?

Cardano price stable but bullish Development and consequent release of Cardano 1.5 test-net positive Average volumes low, pumps must be accompanied by volumes above 210 million Project Shelly is on the horizon thanks to Cardano 1.5. That means an improved consensus protocol that could possibly drive Cardano (ADA) above 4.5 cents towards 6 cents. Cardano Price Analysis Fundamentals That Cardano is special is true. The evidence is littered all over the inter-webs, and as they continue to research, their priority is not on speed but quality. While they admit that…

Bitcoin’s Impending ‘Halving’ Could Spark Meteoric Price Boom

Alistair Milne, the chief investment officer at Atlanta Digital Currency Fund, has said that the block reward halving of Bitcoin could push the price of the dominant cryptocurrency to massive gains in the next 12 months. Why Block Reward Halving is a Fundamental Driver of Bitcoin Price The Bitcoin price should receive a major boost from the halving next year. | Source: Yahoo Finance A block reward halving in Bitcoin is referred to as the mechanism that decreases the amount of Bitcoin generated by miners after mining a block. On…

Crypto Tokens Enjin, ICON Soar 20% but Bitcoin Remains Woefully Stable

Throughout the past several days, Bitcoin has remained relatively stable at $3,900. The stability of BTC has led crypto tokens to record massive spikes in the range of 10 to 100 percent. Enjin Coin, for instance, the native cryptocurrency of a gaming-focused blockchain network called Enjin, surged by 100 percent at its daily peak following its partnership with Samsung. Enjin Coin Daily Chart (Source: Coinmarketcap.com) ICON, the most valuable blockchain project in South Korea, recorded a 15 percent gain within a 24-hour span. Alternative cryptocurrencies tend to perform strongly when…

Bitcoin Struggles to Pass Price Hurdle But Bull Outlook Intact

View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the hourly chart. A UTC close below $3,658 would confirm a short-term bearish reversal, although that looks unlikely. Bitcoin’s (BTC) repeated failure to beat resistance at $3,900 is a slight cause of concern for the bulls.…

Revolut App Now Lets Users Auto-Trigger Cash and Crypto Exchanges

Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target rate is set in the app – either above or below current rates – Revolut said the exchange will trigger once the target has been reached. It warns, though, that the achieved rate could be…

Bitcoin (BTC) Price Watch: Bullish Break Above $4,000 Looming

Bitcoin price is currently consolidating above the $3,820 and $3,840 supports against the US Dollar. The price placed in a positive zone, with a bullish angle towards the $4,000 resistance. There is a symmetrical triangle pattern formed with resistance at $3,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair will most likely break the $3,880 and $3,900 resistance levels to climb above or challenge $4,000. Bitcoin price is forming a bullish breakout pattern above the $3,800 support against the US Dollar. BTC could surge…