Bloomberg Says Key Bitcoin (BTC) Signal Flashing – Plus Ripple and XRP, Ethereum, Tron, Litecoin, Bitcoin Cash, Stellar
From a new Bitcoin warning to the latest support for XRP, Litecoin and Bitcoin Cash, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
As Bitcoin clings to $5,000, Bloomberg is issuing a new warning about where the price of BTC may be heading.
The GTI VERA Convergence Divergence indicator “sent its first sell signal since mid-March. The shift could suggest further downside may be ahead as the coin flirts with its highest levels of the year.”
The technical gauge is designed to identify market reversals and exhaustion. It utilizes typical moving average convergence divergence (MACD) and looks to remove excess noise, using a proprietary theory called volatility explosion relatively adjusted (VERA).
According to George McDonaugh, chief executive officer at London-based blockchain investment company KR1 Plc, a drop lower for Bitcoin would only be natural.
“When Bitcoin jumped significantly a few weeks ago, the volume was big enough to push up through major resistance levels into a potentially new trading range. Current movements are natural market cycles within a trading range, and it’s just the market searching out the lower bounds.”
Ethereum
The latest edition of EthHub Weekly is out, covering all things Ethereum.
The new post looks at developments on Ethereum 2.0 and a number of Ethereum-based platforms, including Maker, which is comprised of a decentralized stablecoin, collateral loans and community governance, and AirSwap, a peer-to-peer trading network.
Ripple and XRP
Ripple’s global head of banking Marjan Delatinne just sat down for an interview at the 2019 Penn Blockchain Conference.
Delatinne talks about her efforts to engage with companies in the financial industry and demonstrate how blockchain can boost their bottom line.
XRP, Litecoin, Bitcoin Cash
eToro’s regulated crypto exchange and wallet eToroX just launched seven new pairs for XRP, Litecoin and Bitcoin Cash. The pairs are BCH/BTC, LTC/BCH, BCH/ETH, XRP/ETH, LTC/ETH, BCH/XRP and LTC/XRP.
We are excited to announce the addition of 7 more trading pairs for the benefit of our users:
BCH-BTC
LTC-BCH
BCH-ETH
XRP-ETH
LTC-ETH
BCH-XRP
LTC-XRP#eToroX #CryptoExchange #CryptoTrading #Massadoption pic.twitter.com/5qSbiDnewh— eToroX (@eTorox) April 29, 2019
Stellar
IBM has released a new video on its Stellar-powered World Wire remittance platform. Lead developer Seema Phalke talks about how the platform works and the advantages of using Stellar’s technology.
Tron
Tron’s latest weekly report is out. The new edition reveals new progress on BitTorrent Speed which will integrate the Tron-based BitTorrent Token (BTT) with the file-sharing platform. The report also looks at the recent release of the Tron-based Tether (USDT) token.
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