Crypto Exchange Bittrex Expands Adds Ethereum Classic and XRP Trading Pairs

Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S. dollar (USD) trading pairs for two new cryptocurrencies, according to an official announcement published August 8. Per the announcement, Bittrex is looking to expand its fiat markets to Ethereum Classic (ETC) and Ripple (XRP) on August 20. The new trading pairs will be added to already listed dollar markets for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and TrueUSD (TUSD). The company says that it will continue gradually adding tokens to its USD markets, using a “phased approach” for…

Yale Research Proposes Factors for Crypto Price Prediction

Yale University financial experts have suggested a system of factors to predict price trends in major cryptocurrencies, according to an official statement by YaleNews Aug. 6. The new study was conducted by Yale economist Aleh Tsyvinski and Yukun Liu, a Ph.D. candidate in the Department of Economics, and is reportedly the “first-ever comprehensive economic analysis of cryptocurrency and the blockchain technology.” In the paper, the authors intend to provide a “risk-return tradeoff” of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), according to its historical performance data.…

If You’re Selling Bitcoin Because of ETF Delay, You’re Doing it Wrong

CNBC Fast Money contributor and BKCM CEO Brian Kelly has firmly emphasized that while bitcoin has seen a massive decline in price over the last 24 hours, investors selling the dominant cryptocurrency based on the delay of SEC in approving the first bitcoin ETF are doing it wrong. Bitcoin Drops 12% While EOS, Bitcoin Cash and Other Tank 20%+ Over the last 48 hours, the crypto market lost $29 billion, as major cryptocurrencies dropped by 10 to 25 percent in value. While the vast majority of analysts have pointed towards…

IOTA Price Technical Analysis: No Room for Recovery

The IOTA token value on Wednesday tumbled by over 20% against the US Dollar. The IOT/USD pair in July had established a monthly high at 1.254-fiat. But owing to the cryptocurrency market’s poor health, the pair failed to sustain its peak and fell towards 0.881-fiat. The level proved to be a decent support and influenced IOT/USD to attempt a successful recovery. The pair, however, formed a consolidation range, never attempting a breakout above 1.254-fiat. On August 3, the IOT/USD slipped past its strong support in consequence of poor fundamentals. Reports believed…

$30 Billion Lost: 4 Stats That Show a Crypto Market in Decline

Cryptocurrency markets are seeing red in a big way as the ongoing rout has wiped away billions of dollars in value. As CoinDesk reported earlier Wednesday, the collective market capitalization for all cryptocurrencies hit a new low for the year – as it stands, the overall market cap is roughly $225 billion, representing a significant decline from the more than $800 billion witnessed in early January of this year. Among the developments driving the market turmoil: the fact that the U.S. Securities and Exchange Commission (SEC) decided to punt a decision…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 08

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Bitcoin exchange-traded fund (ETF) proposal by VanEck Associates Corp. and SolidX Partners Inc. The agency is now expected to make a decision by September 30. The delay shouldn’t bother the…

Crypto Daily News | Microsoft Runs Ethereum Tech

In today’s edition of Crypto Daily News, we’ll cover Microsoft’s latest tech that runs on the Ethereum network and OKEx’s troubles launching its Bitcoin (BTC) futures. Crypto Daily News: August 8th, 2018 Microsoft Uses Ethereum Yesterday, the software giant Microsoft made a huge announcement debuting its latest Blockchain as a Service (BaaS) product. The product allows businesses across industry verticals to deploy a ‘flexible’ instance of Ethereum that is tailored specifically for enterprise environments. The Ethereum Proof-of-Authority on Azure, Microsoft’s product, allows enterprises to build applications on Ethereum that are…

Judge Advances Securities Class Action Against Tezos Token Creators

The husband and wife duo behind blockchain project Tezos have faced their latest setback in an ongoing securities class action against their $232 million Initial Coin Offering (ICO), according to a docket report published August 7. U.S. District Judge Richard Seeborg of the Northern District of California yesterday refused to dismiss plaintiff Arman Anvari’s suit against the defendants, which consolidates various prior class action suits filed by other Tezos contributors against Arthur and Kathleen Brietman, their firm Dynamic Ledger Solutions (DLS), and the Tezos Foundation. The controversial case surrounds what…

BTCUSD Pushed Off the Cliff

The Securities and Exchange Commission (SEC) spoiled the upside gains we had made yesterday in the Bitcoin market. The regulator delayed its decision on the Bitcoin ETF proposed by the VanEck SolidX Bitcoin Trust. The Bitcoin price fell 11% soon after the news broke into the wire. To ease our pain, we joked and called it a “Wait-a-SEC” moment. Our analysis from yesterday had defined our upside targets only if the BTC/USD pair could attempt a bullish breakout. That didn’t happen. Instead, the panic sell confirmed that we should stay…

Microsoft Introduces Ethereum Proof-of-Authority Algorithm on Azure

Microsoft’s cloud platform Azure has introduced a proof-of-authority (PoA) algorithm on its Ethereum (ETH) blockchain product, according to a blog post Aug. 7. The new Ethereum network algorithm will reportedly allow a “more efficient” way of building decentralized applications (DApps) for private or consortium networks, where “all consensus participants are known and reputable.” In contrast to proof-of-work (PoW) — the existing protocol on Azure — a PoA algorithm is based on the principle of approved identities or validators on a blockchain, and does not require competition in completing the transactions.…