Category Archives: Ethereum News

Bitcoin and Ethereum slump as China gets tough on cryptocurrencies

After hitting record highs over the weekend, Bitcoin and a host of other cryptocurrencies slumped on Monday after China’s central bank said all ‘initial coin offerings’ are illegal and that any such activity should be blocked immediately. ICO’s are used by cryptocurrency start-ups as a way of raising money at the beginning of […]

China bans initial coin offerings as illegal fundraising

SHANGHAI/BEIJING (Reuters) – China on Monday banned individuals and organizations from raising funds through initial coin offerings (ICO), or launches of digital currencies, saying the practice constituted illegal fundraising. ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, allowing them to raise large sums quickly by creating and selling digital “tokens” […]

YoBit Exchange Struggles to Process Ethereum Withdrawals as Transfers Remain Pending

Smaller cryptocurrency exchanges often make headlines due to their issues. The recent problems affecting the YoBit exchange are no different in this regard. More specifically, it appears the company struggles with processing Ethereum withdrawals as we speak. Various users are complaining about lengthy delays in this regard. No one wants to wait days or over […]

China bans ICOs for being full of fraud and pyramid schemes

The ICO — Initial Coin Offering — has recently become a very popular way to fund a startup, as it adheres to few rules requiring little to no regulative oversight. Companies such as Tezos and Bancor raised hundreds of millions of dollars within days by letting investors purchase their newly created cryptocurrencies (also known as […]

Bitcoin, Ethereum Roiled on Chinese Clampdown Fears

Talking Points – Chinese regulators have banned new projects raising cash via crypto-currencies according to a Caixin report. – The total crypto-currency market capitalization falls in excess of 10% with losses spread across the board. The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding […]

Bitcoin, Ethereum, Bitcoin Cash price: Crypto correction, PBOC announced ICO crackdown

A sign announces a proprietor’s loyalty to Bitcoins, where they are also accepted for payment, at a pub on April 11, 2013 in Berlin, Germany. Sean Gallup/Getty Images LONDON — The global cryptocurrency market underwent a correction of around 11% over the weekend, after a riotous start to the year. Things could get worse, with […]

Bitcoin, Ethereum, Bitcoin Cash price: Crypto correction, PBOC announced ICO crackdown

A sign announces a proprietor’s loyalty to Bitcoins, where they are also accepted for payment, at a pub on April 11, 2013 in Berlin, Germany. Sean Gallup/Getty Images LONDON — The global cryptocurrency market underwent a correction of around 11% over the weekend, after a riotous start to the year. Things could get worse, with […]

Ethereum Price Technical Analysis – ETH/USD Consolidating Losses

Key Highlights ETH price after trading towards the $400 handle failed and declined against the US Dollar. There is a breakout pattern forming with resistance near $350.00 on the hourly chart of ETH/USD (data feed via SimpleFX). There is a chance that the price could break $350 as long as it stays above the $335 […]

Ethereum Classic Price Technical Analysis – ETC/USD Testing Crucial Support

Key Highlights Ethereum classic price after a nasty upside move towards $24.00 against the US Dollar started a downside move. There is a major bullish trend line forming with support at $19.00 on the hourly chart of ETC/USD (Data feed via Kraken). The 100 hourly simple moving average is also near $19.10 to act as […]

5 Reasons the UN Is Jumping on the Blockchain Bandwagon

By the time they woke on May 31st, 2017, 10,000 Syrian refugees stationed at Azraq camp in Jordan had received their long-awaited aid. But instead of the typical white and blue trucks from the United Nations’ World Food Program (WFP), the aid came in the form of electronic vouchers distributed on the back of a […]

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