Ethereum (ETH) Price Holding Support: Buying Dips Favored

ETH price is struggling to gain momentum above $275 and $280 against the US Dollar. The price is currently correcting lower towards the $268 and $265 support levels. Yesterday’s highlighted key bullish trend line is intact with support near $267 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $268, $267 and $265 support levels. Ethereum price is trading in a broad range below $275 versus the US Dollar, but extended losses vs bitcoin. ETH price could…

Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet the Block on June 14. Earlier today, news broke that Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project, dubbed “Libra.” Together, these investors form the Libra Association. The materials cited by the Block indicate that the consortium formed to govern the project will also…

Google Cloud Integrates Chainlink Oracles in Analytics Data Warehouse With ETH DApp Support

The Google Cloud team has integrated Chainlink’s oracle middleware with its BigQuery enterprise cloud data warehouse, allowing for an on-chain and cloud-based interaction with Ethereum decentralized applications and smart contracts. The news was revealed in a development report published on June 13. As previously reported, a blockchain oracle is a system that provides the necessary external data — i.e. the variables to be evaluated — to trigger the execution of a smart contract when the original terms of the contract are met. The development post writes that Google has made…

Crypto Market Holding Uptrend Support: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is holding the key $248.0B and $245.0B support levels. Bitcoin price is up more than 1% and it recently broke the $8,200 resistance area. Bitcoin cash price gained a strong bullish momentum and settled above $400. EOS price is correcting lower towards the $6.40 support area. Stellar (XLM) price is positioned above the $0.1200 support, but it is facing hurdles near $0.1300. Tron (TRX) price is slowly moving lower towards the $0.0320 support area The crypto market cap is holding an important support, with bullish…

Ripple (XRP) Price Trading Near Make-or-Break Support Zone

Ripple price started a short term downside correction after trading towards $0.4100 against the US dollar. The price declined below the $0.4000 support and recently tested the $0.3940 support area. There is a key bullish trend line forming with support near $0.3945 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.3940 support and extend losses or start a fresh increase. Ripple price is currently trading near key support levels against the US Dollar, similar to bitcoin. XRP is likely to…

Ethereum (ETH) Price Testing Key Support: $250 Holds The Key

ETH price started a downside correction after trading towards the $265 level against the US Dollar. The price declined below the $255 level, but the $250 support area is acting as a support. There is a key bullish trend line forming with support near $253 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $250 pivot level to start a fresh increase in the near term. Ethereum price corrected lower below $260 and $255 versus the US Dollar, but it was stable vs…

Bitfinex Announces Support for OKEx Exchange Token

Cryptocurrency exchange Bitfinex is now listing two tokens from the exchange OKEx: its native utility token OKB and the stablecoin USDK, according to a press release on June 12. Bitfinex will offer trading pairs with the new tokens and other significant fiat and digital currencies like U.S. dollars, bitcoin (BTC), EOS, tether (USDT) and ether (ETH). The native utility token OKB is designed to let OKEx users carry out a variety of functions on the exchange, including settlement of trading fees, the ability to construct a partner exchange, and subscription…

Bitcoin Struggles to Build Momentum After Defense of $7.4K Price Support

View Bitcoin is struggling to produce a stronger price bounce, despite the defense of the 4-hour chart’s 200-candle moving average – a sign of buyer exhaustion. A bear flag breakdown on the 4-hour chart, if confirmed, would open the doors to levels below $7,000. The daily chart continues to call a move lower to the 50-day price average, currently at $6,861. A minor rally to the $8,200–$8,300 range could be seen if the 4-hour 200-candle average at $7,568 again restricts downside. A UTC close above the downward sloping (bearish) 10-day…

P2P Bitcoin Exchange HodlHodl Launches Lightning Network Support

Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5. The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The post also notes that the platform has previously tested Lightning Network support on the test network. The company reportedly only implemented Lightning Network support after successful testing. The post further highlights that the actual procedure will not be much different when compared to…

Bitcoin Investors Harmed After Coinroom Closure, BTC Support at $7,500

Bitcoin under pressure, down 3.4 percent in 24 hours Another exchange disappears with user funds Coinroom clients are counting losses after the exchange abruptly closed. Some clients had more than 2 BTCs in their accounts. Meanwhile, Bitcoin is stabilizing, down 3.4 percent in the last day. Bitcoin Price Analysis Fundamentals Losing funds, either through theft of lost private keys, is a traumatic experience. Should a regulated exchange suffer a hack and funds stolen, there is always a legal route for a possible recompense. However, in extreme cases like QuadrigaCX, where…