Bitcoin Would Survive Recession, But Ethereum Might Crater: Tech VC

Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed Chair: Relax, No Recession In 2019 Meanwhile, Federal Reserve chairman Jerome Powell does not believe a U.S. recession will happen anytime soon. Other economists, like Allianz’s Mohamed El-Erian, agree. “The outlook for our economy is…

Will Bitcoin (BTC) Prices “Switch Off” with Binance?

Bitcoin price under pressure Liquidity to take a hit as Binance undergoes maintenance Transactional volumes dropping, average at 7k—data streams from BitFinex Beginning 2 AM UTC, Binance will be under maintenance for eight hours. During that time, Bitcoin (BTC) may come under renewed liquidation that could see it drop towards $3,800. Bitcoin Price Analysis Fundamentals Binance is the world’s largest exchange by adjusted volumes, and, therefore, a leading source of liquidity for crypto assets including BTC. Tomorrow, the exchange plans for a scheduled maintenance that from 2 AM UTC for…

Ripple (XRP) Squeeze, A Major Breakout Is on the Cards

Ripple prices below 34 cents, in range mode JPM Coin not a threat, Brad Garlinghouse assures Transactional volumes low, averaging 14 million Brad Garlinghouse, the CEO of Ripple Inc, is confident that JPM Coin private nature is not a threat to XRP. Even so, Ripple (XRP) prices are struggling and yet to breach the 34 cents mark. Ripple Price Analysis Fundamentals In a way, JPM Coin is a pioneer in that it is the first major, USD backed cryptocurrency issued by a major bank. Here’s why it is noteworthy. Aside…

Bitcoin News Summary – March 11, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Following the hashtag “DeleteCoinbase” campaign we reported on last week, the exchange announced on Monday that it will it fire all former the Hacking Team members it hired recently. These members were involved in selling malware to governments prior to starting a blockchain analytics company, which Coinbase acquired. Contributing to Binance Coin’s rise, Binance exchange announced that Argentina’s government will match investments into a blockchain accelerator program run by Binance Labs. It’s a sign of the state’s positive approach to…

Tron (TRX) May Remain Under Pressure Until Q2 2019

Tron price down but bullish Partnership with Tether is positive for TRX Transactional levels low but stand to rise in days ahead The collaboration between Tron and Tether should further innovation and provide extra liquidity for Tron based DEXs. Even so, it will be until Q2 2019 when this integration happens. Before then, bulls are in control, but trend confirmation depends on how fast prices close above 2.5 cents. Tron Price Analysis Fundamentals That Tether Limited (USDT) and Tron are partners is a strategic as well as a game-changing decision…

Pro-Bitcoin Square Headlines London Stock Exchange’s Blockchain ETF

Invesco, an American firm, and Elwood, a British digital asset investment company, announced the launch of a blockchain ETF on the London Stock Exchange today. The exchange-traded fund features 48 companies with ties to the blockchain industry, including some – like Square – that have dabbled directly in the bitcoin or crypto space. Invesco & Elwood Team up for UK Blockchain ETF The London Stock Exchange just listed a blockchain ETF, providing investors with broad exposure to companies that are active in the crypto space, including Square and Overstock. |…

Stellar is Surging on SatoshiPay Acquisition Rumors, Is It Sustainable?

Following on from a generally quiet weekend, Stellar’s XLM continues a strong performance into Monday. This brings welcome relief to a project that had fallen sharply since last November when it was trading as high as 4,705 satoshis. As of 08:00 GMT, XLM/BTC is trading at 0.0002678, up 25% from March 7th. During this time frame, 24-hour volume has increased by $77million, with Chinese exchange ZB.com currently accounting for the majority of the volume with its XLM/USDT pairing. SatoshiPay Will Use Stellar’s XLM for Micropayment Solutions On the 7th March,…

A Bitcoin Bull Market Is Still $350 Away

View Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion. However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change. Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts suggest. The leading cryptocurrency by market value is currently trading at $3,903 – having rallied 24.8 percent from this year’s low of $3,122 seen in December. This positive trend has spurred hopes that the sell-off from…

Spiking 50% Crypto Gains Will Eventually Fuel Bitcoin Price Surge

Throughout March, a handful of crypto assets and tokens have consistently outperformed Bitcoin, recording gains in the 50 percent to 100 percent range against the U.S. dollar. 1-Month Chart of Enjin Coin (Source: Coinmarketcap.com) Due to the reported partnership between Samsung and Enjin, for instance, Enjin Coin and other cryptocurrencies related to the project such as Kyber Network and Bancor demonstrated a significant increase in value. Bitcoin Price Will Benefit From It According to cryptocurrency trader Josh Rager, based on the historical trend of the cryptocurrency market, the price surge…

Taking Long Positions in Bitcoin is Comfortable: Former BoA Trader

Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period after removing noisy price movements. Should you buy #Bitcoin now? Here is a methodological approach which can help you.$XRP token is still holding above 0.30 and it shows bears are running out of steam pic.twitter.com/Hvi0zatQCK…