Weekly Wrap: Bitcoin, Ethereum, EOS and TRX Price Analysis 23rd August

Bitcoin price is facing a strong resistance on the upside near $10,500 and $11,000. BTC/USD could weaken further unless the bulls gain momentum above $10,500 and $10,600. Moreover, most major altcoins such as Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), stel..

What is Solidity? Our Guide to the Language of Ethereum Smart Contracts

When you think of Ethereum, you probably think of its powerful smart contract system. For those who don’t know, smart contracts are essentially programs that exist on the Ethereum blockchain. They perform various tasks such as sending or receiving Ether or ERC-20 tokens, among other tasks. What you..

Central Banks Digging Their Own Grave: Boosting Bitcoin Price Higher

Despite the recent lull in the Bitcoin price, it is clear that the cryptocurrency market is back in another uptrend. Year to date, BTC has rallied some 200%; altcoins are up a similar amount in the same time frame. Of course, many investors, especially those without allocations for Bitcoin, have so..

Trump Administration’s Mike Pompeo Wants to Regulate Crypto Transactions

The Trump Administration and the world’s regulators don’t seem to want to give the crypto industry any breathing room. Speaking with CNBC’s “Squawk Box” panel on Tuesday, Mike Pompeo, the U.S. Secretary of State, doubled down on the narrative that digital asset transactions should be more heavily e..

Heavy Rains Hit “Bitcoin Mining Capital” Sichuan: Some Facilities Flood

You can count on the Sichuan Basin in Northwestern China being rainy every autumn. The question is: how rainy? This year, the seasonal downpours are proving particularly torrential, as extreme flooding in recent days has led to evacuations and fatalities in the region. Also affected have been bitc..

Is Ethereum (ETH) Hitting Its First “Mainstream Bear Market”?

Is ether (ETH), the gas of the Ethereum network, in a long bearish accumulation zone ahead of a considerable breakout, like the bitcoin price experienced from 2014 to 2017? One cryptoeconomy mainstay seems to think so. Chris Burniske, a partner at cryptocurrency-centric venture capital firm Placeho..

Bitcoin Billionaires: The Winklevoss Twins Hint at Joining Libra

If you’ve watched “The Social Network”, the semi-fictional story of the founding of Facebook, you know there is clear discourse between chief executive Mark Zuckerberg and founder claimants the Tyler and Cameron Winklevoss (The Winklevoss Twins/The Winklevii). While the story was clearly exaggerate..

Legendary Investor: Bitcoin Will Drive Demand for “Real, Hard” Gold

Bitcoin and gold have both had stellar years so far. The cryptocurrency has gained some 200% since the start of the year; gold is up to highs not seen since the wake of the Great Recession of 2008. This comes as a majority of other assets have started to stumble, specifically on the back of trade w..

Crypto Exchange INX Aims to Raise $130 Million in Ethereum Token IPO

Cryptocurrency exchange INX Limited is angling to bring a security token built on Ethereum to market, and it’s doing so by trying to become the first company to run its token sale as an “IPO” — or Initial Public Offering — with the graces of the U.S. Securities and Exchange Commission (SEC). IPOs a..

Miniscript: Developers Forge New Bitcoin Smart Contract Language

Bitcoin developers Pieter Wuille, Andrew Poelstra, and Sanket Kanjalkar have created a new programming language that can help bitcoin transactions become more versatile. Announced on August 19th to the [bitcoin-dev] mailing list, Miniscript relies on the simple smart contract language already usabl..

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