Ethereum (ETH) Holding Uptrend Support But For How Long?

Ethereum is holding the main $144 support, but also struggling to rise against the US Dollar. The price is now trading below the previous support (now resistance) near $148. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to struggle near the $147 and $148 resistance levels in the near term. Ethereum price is facing an increase in selling versus the US Dollar, similar to bitcoin below $7,400. ETH price could even struggle…

Ledger Live Adds Support for Tezos and Staking, Adds Features to Hardware Wallets

Hardware wallet manufacturer Ledger has announced the latest version of its Ledger Live application, adding support for Tezos (XTZ) and Tezos staking.   Unveiled last year, Ledger Live is a software solution that allows Ledger hardware wallet users the ability to manage their digital assets via a smartphone or computer. Ledger Live lets users check their cryptocurrency balance and send or receive tokens, while maintaining control of their private keys. Ledger CEO Pascal Gauthier told Cointelegraph: “Ledger aims to combine security with a seamless user experience. The announcement with Tezos is…

Ticketmaster Wants to Use Smart Contracts to Support Millions of Ticket Sales

Speaking at Elev8CON in Las Vegas on Dec. 9, Ticketmaster’s vice president of blockchain products Sandy Khaund discussed the value smart contracts can bring to the ticketing industry, a market expected to reach over $6.23 billion by 2025.   Khaund emphasized the notion that ticket providers should consider treating tickets like smart contracts in order to create scalability, seamless integration with other service providers and extensibility for new revenue opportunities. “Our goal is to support 400–500 million tickets using smart contracts and blockchain technology,” Khaund said on stage. Earlier this year,…

Bitcoin (BTC) Turns Short Term Bearish But Holding Key Support

Bitcoin price traded to a new weekly high at $7,664 and declined recently against the US Dollar. The price is now trading below the $7,420 and $7,400 support levels. There is a key bearish trend line forming with resistance near $7,525 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to climb higher, but it could face resistance near $7,420 or $7,500. Bitcoin price is back in a short-term bearish zone below $7,400 against the US Dollar. BTC must stay above $7,280 to…

Ethereum Istanbul Hard Fork Get Support From Major Crypto Exchanges

Following the successful Ethereum Istanbul hard fork update, several popular exchanges have announced their official support for the network upgrade. Yesterday, on Dec. 7, the Ethereum’s network saw ample collaboration between node operators and miners to update the software to support the Istanbul hard fork. Some crypto exchanges even sounded their willingness to update a few days prior to the scheduled hard fork. A widely supported hard fork Notably, Binance announced support for the upgrade on Dec. 5 and the day afterwards its U.S. subsidiary did the same. Coinbase also…

Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc

San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound sterling (GBP), and the Japanese yen (JPY). The Kraken team further revealed that CHF trading begins on Friday, Dec. 6, and that it will roll out trading…

China’s Hainan Free Trade Zone Pledges $140M in New Blockchain Support

Blockchain will continue to see major investment from China’s Hainan Free Trade Zone (FTZ) with new funds fostering local businesses. As local English-language news outlet Xinhua Net reported on Dec. 5, Hainan’s dedicated economic pilot zone has pledged to boost the role blockchain tech plays in the local economy.  Free Trade Zone’s “support” for blockchain The new measures, which the pilot zone announced at a press conference this week, include a fund worth 1 billion yuan ($142 million).  According to Xinhua, the FTZ is aiming to “support the blockchain industry…

Ethereum (ETH) Diving Below $150, Bitcoin Breaks Key Support

Ethereum is declining and it recently traded below the $148 support against the US Dollar. The price is currently below $145 and it seems like there is a risk of more downsides. Yesterday’s key bearish trend line is active with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $146 and $148. Ethereum price is declining further below key supports versus the US Dollar, similar to bitcoin. ETH price remains at a risk…

Binance Cryptocurrency Exchange Adds Support for Tezos Staking

Binance — the second-largest crypto exchange by daily trade volume — has announced support for Tezos (XTZ) staking, according to an announcement published on Dec. 3. Starting on Dec. 4, Binance’s users will be able to trade with XTZ, with XTZ rewards to be calculated daily based on live snapshots and distributed monthly. The distribution is set to end before Jan. 20, and after that on the 20th day of each following month. Binance said that users must hold at least 1 XTZ in order to qualify for staking rewards.…

Ethereum (ETH) Holding Uptrend Support, Bitcoin Recovering

Ethereum is trading above the key $145 and $146 support levels against the US Dollar. The price is likely to surpass the $150 and $152 resistance levels in the near term. There is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken). The price is likely to accelerate higher once it clears the $152 resistance zone. Ethereum price is holding a couple of key supports versus the US Dollar and bitcoin. ETH price is likely to climb above…