CNBC’s Brian Kelly Calls Bitcoin Bottom, Plus Ripple and XRP, Ethereum, Tron, Litecoin, VeChain, NEO, Cardano, Bitcoin Cash: Crypto News Flash
From a potential year-end rally for Ethereum and a bottom for Bitcoin, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin and Ethereum
For the first time since September, a technical indicator is pointing to a potential year-end rally for Ethereum.
As reported by Bloomberg, the last time the GTI VERA Convergence Divergence Technical Gauge, which detects trend reversals, found a similar pattern, Ethereum rallied for about a month.
As for Bitcoin, the founder of crypto investment firm BKCM says he believes BTC will hit a bottom around $2,900.
“I think we’re getting closer to the bottom. We have the preconditions for the bottom. The mania that we had last year – you’re seeing that reflected here in a pessimism. So the preconditions are there. It wouldn’t surprise me if we pop down to $2,900 on Bitcoin before we bottom.”
Ripple just held a panel at its headquarters in San Francisco centered on the regulation of cryptocurrency and blockchain technology.
The panel featured attorneys Valeria Bystrowicz and Sarah Hody of Perkins Coie, Ripple’s senior vice president of business operations Eric Van Miltenburg and author and Wharton professor Kevin Werbach.
With the new listings, Bitrue has surpassed Poloniex and Bittrex in total daily volume of XRP traded, according to CoinMarketCap.
XRP is now paired with Bitcoin, Ethereum, Tether, Bitcoin Cash, Ethereum Classic, Gifto, Gemini Dollar, Kyber Network, Chainlink, Litecoin, Paxos, QuarkChain, TrueUSD, Wanchain, Waltonchain and 0x.
Tron, Cardano and NEO
Binance is adding a trio of stablecoin trading pairs for Tron, Cardano and NEO.
According to the leading cryptocurrency exchange, the coins will all be paired with TrueUSD starting on December 19th.
VeChain has released its new Executive Financial Report. The report is designed to bring transparency to the inner workings and token distribution at VeChain.
The report also recaps VeChain’s new partnerships and collaborations made from August through October.
VeChain Executive Financial Report vol.5 is now available. This report covers the period August through October 2018.https://t.co/79XtUFb3ap
— VeChain Foundation (@vechainofficial) December 17, 2018
Coinbase has officially enabled crypto-to-crypto trading on the platform.
So far, trading pairs are available between Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.
Starting today, you can convert one crypto to another on Coinbase. Conversions are available between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX), or Bitcoin Cash (BCH).
It's Day 8 of 12 Days of Coinbase. Learn more: https://t.co/VshJf7FOMZ pic.twitter.com/wLyJPfkKcA
— Coinbase (@coinbase) December 17, 2018