Analysis

The price of ether (ETH), the world’s second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 – down $28 and 11 percent on a 24-hour basis, according to CoinDesk’s Ether
0 Comments
Official government websites in India ran cryptomining scripts without their owners’ knowledge, the Economic Times reported Monday. Municipal government websites in the state of Andhra Pradesh, among others, were infected by cryptomining software such as Coinhive, security researchers found. Users visiting these websites would then inadvertently mine cryptocurrencies on behalf of the hackers who injected
0 Comments
The Ukrainian parliament wants to begin taxing residents’ cryptocurrency-related profits. Lawmakers proposed implementing a 5 percent tax on any cryptocurrency-related profits individuals and commercial entities see. These profits must be reported separately from other forms of income as well, according to the bill. Further, commercial entities would see their taxation rate jump to 18 percent
0 Comments
Internet security provider Cloudflare is introducing a new product to help users more easily access the InterPlanetary File System (IPFS), the decentralized storage protocol developed by Protocol Labs. In a blog post Monday, Cloudflare announced it was launching a “Crypto Week,” where it will announce “support for a new technology that uses cryptography to make
0 Comments
Institutional traders simply need better crypto tools. That’s the driving idea behind a union between Kenetic, a crypto firm based in Hong Kong, and Tora, a trading systems firm that already supplies order execution, portfolio management, risk assessment and compliance services for well-established asset classes. Announced today, both companies are teaming up to create Caspian, a project that
0 Comments
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The virtuous circle that saw buyers of ethereum-based ERC-20 tokens drive ether’s price above $1,400
0 Comments
Advertisement Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20
0 Comments
Advertisement Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the early
0 Comments