News | Ethreum - Part 322

KuCoin to Implement Chainalysis KYT for Enhanced Compliance and Security

Crypto NewsBy June 2, 2020

The IDG-backed KuCoin crypto exchange platform has announced its partnership with blockchain analysis company Chainalysis to further enhance the platform’s compliance and security. The partnership is part of KuCoin’s commitment towards promoting compliance-first business practices in the crypto industry as it will be integrating the Chainalysis KYT (Know-Your-Transaction) software to detect and prevent suspicious and…

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Macro Fund Containing Bitcoin, Ethereum Posts 29.67% Mid-Q2 Gains

Crypto NewsBy June 2, 2020

A macro fund with moderate exposure in Bitcoin and Ethereum markets has yielded 29.67 percent gains in mid-Q2. The so-called “cryptocurrency basket” in the Albright Investment Group’s portfolio performed better than stocks, ETFs, gold, and silver. Co-founder Victor Dergunov, meanwhile, noted that there might be pullbacks ahead. Bitcoin and Ethereum emerged as star performers in…

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Ethereum Hesitates Near $250 But Further Gains Seem Likely

Crypto NewsBy June 2, 2020

Ethereum is gaining bullish momentum and it recently tested the $250 resistance against the US Dollar. ETH price is likely to continue higher above the $255 and $260 resistance levels. Ethereum is showing a lot of positive signs above the $240 level. The price is currently struggling to gain bullish momentum above the $250 resistance…

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Analyst Who Called 2019’s $6k Bitcoin Low Says Current Price Action Is “Pivotal”

Crypto NewsBy June 2, 2020

After coiling under $10,000 for days, Bitcoin saw an explosive breakout on Monday. The cryptocurrency reached a local high of $10,429 during the surge higher, around $1,000 higher than where it had traded at just days earlier. $10,429 is the highest price BTC has traded at since February’s highs. While the price action has undoubtedly…

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Analysts Eye $20,000 Bitcoin as Price Breaks Major Resistance

Crypto NewsBy June 2, 2020

Bitcoin leaped over $10,000 in Monday trade as a weakening dollar sentiment sent risky assets higher. The cryptocurrency corrected lower in the early morning Tuesday but signaled strength amid an optimistic macro outlook. Top analysts further predicted the rally to continue, with popular crypto commentator, Ivan Liljeqvist, forecasting a $20,000 price prediction. Bitcoin was among the…

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Bitcoin Is Overpriced According Energy Value For First Time Since September 2019

Crypto NewsBy June 2, 2020

Bitcoin price just reached overvalued status for the first time since September 2019, according to the asset’s Energy Value indicator. While this may sound like a negative thing, after this indicator has bottomed out in the past after each halving, it has spiked upward along with the asset’s price until they each top out once…

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Ripple Unlocks 500 Million XRP as Analysts Point to Immense Weakness

Crypto NewsBy June 2, 2020

XRP has been trapped around $0.20 for the past several weeks, caught within a strikingly firm consolidation channel that has given it little room to make any notable movements. This has made its trend grow increasingly unclear and has caused it to post a severe underperformance of Bitcoin and many of its other peers. Analysts…

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Ethereum to See Intense Rally After Liquidating $50 Million in Short Positions

Crypto NewsBy June 2, 2020

Ethereum’s intense momentum stalled after it peaked at $145 this weekend. The cryptocurrency now appears to be well-positioned to see further upside, as this momentum significantly bolstered its market structure. The recent movement that led ETH to rally from the lower-$200 region to highs of $245 left a trail of destruction in its wake, liquidating…

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Bitcoin Erupts Past $10,000 After Consolidation: $90 Million Liquidated on BitMEX

Crypto NewsBy June 2, 2020

Bitcoin has finally done it. Minutes ago, the asset rocketed past $10,000 for the first time in weeks, reaching as high as $10,250 in a massive surge upward. This was a more than 7% jump from where the cryptocurrency was trading prior to the move. Traders were largely unaware that this move was going to…

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Ethereum Erupts 10% to $250 on the Back of Millions in Liquidations

Crypto NewsBy June 2, 2020

Like Bitcoin, minutes ago Ethereum saw a strong surge to the upside. After rallying in excess of 15% over the past week, the second-largest cryptocurrency saw a 10% rally over the past few hours, reaching as high as $251. This is the highest price ETH has traded at since March 7th, just days before the…

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