TRX and BTT Continue to Fumble Ahead of Airdrop and Justin’s Valentines Day Surprise

In the case of Tron (TRX) and BitTorrent (BTT), the two digital assets have continued to fumble in the markets with each exhibiting significant losses in the last 24 hours. TRX is currently valued at $0.0255 and down 6.13%. BTT is currently valued at $0.000742 and down 9.24% in value.Firstly, the first BTT airdrop has been scheduled for block 6,600,000. The snapshot has been estimated to take place tomorrow, February 11th. This event had been hailed by investors and fans of both digital assets as the day to watch both cryptos do incredible gains in the crypto markets. This has not turned out to be true a few hours ahead of the airdrop. Perhaps with a new week, TRX and BTT will recover in value to the delight of investors.Mr. Finney was a software developer who received the first Bitcoin transaction from Satashi Nakamoto. In 2009, Finney announced that he had been diagnosed with  Amyotrophic Lateral Sclerosis (ALS) also known as Lou Gehrig’s disease. He lost the battle with the disease in 2014.

Ethereum Foundation Weighs $15 Million Bid to Build ‘Randomness’ Tech

At the cutting edge of blockchain research is a potential $15 million dollar venture by the Ethereum Foundation centered around a technology called Verifiable Delay Functions (VDFs).Acting as a source of computer-generated randomness that is unpredictable and unbias-able, VDFs are envisioned for use in a highly-anticipated “proof-of-stake”(PoS) system called Serenity which the ethereum network will migrate to in the next few years.For now, Drake told CoinDesk that a number of essential tests will be carried out by ethereum developers before a final “go, no-go decision” is made on the incorporation of the technology into Serenity. The representative also affirmed that, at present, Filecoin is moving ahead “separately” from the Ethereum Foundation but may “potentially co-fund third party proposals for exploratory VDF research with the Ethereum Foundation” in the months ahead.But moving forward, Drake estimated that the foundation could come to a decision about whether or not to use the technology in as little as four months time.

Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

The cryptocurrency markets are currently experiencing a relatively involatile day, with most major cryptos trading up or down marginally. Because Bitcoin has held support at $3,400, most cryptocurrencies, like Ethereum (ETH), are resting at, or slightly above, their support levels, which is leading many traders to express increased caution in entering any longs positions.Yesterday, Hsaka, a popular cryptocurrency analyst on Twitter, explained that he believes ETH needed to break above its previous consolidation support around $105 in order for it to move higher, and he further noted today that this price has been confirmed as a level of resistance, as ETH has been rejected each time it touched this level throughout the day.Bitcoin SV, which surged yesterday, has been able to maintain most of its recent gains, and is currently trading sideways at its current price of just under $63. Over the past couple of days, Bitcoin SV surged from lows of $57 to highs of $67.6, before settling back down to its current price levels. Although Ethereum may have significant potential for large gains in the near future, it is highly unlikely that it will be able to surge unless Bitcoin begins to climb from its current prices, as BTC instability will likely dissuade investors from entering long positions in any cryptocurrencies.

Ethereum Denies It Is Mulling $15 Mln Investment to Develop Verifiable Delay Functions

A report from crypto news outlet CoinDesk had purported that the Foundation was considering an investment of $15 million to develop the technology, given its prospective benefit for Ethereum’s future transition to a PoS-based system. Drake however told Cointelegraph in an email that:As reported, the shift to PoS is expected to be completed with the final upgrade of the Ethereum network — known as Serenity, or Ethereum 2.0 — which will be the last in a series of four stages set out in the platform’s roadmap. At present, the network is in its third stage (Metropolis), which consists of two system-wide hard forks — Byzantium and Constantinople —  both designed to pave the way to Ethereum 2.0.Earlier this month, Ethereum launched its first pre-release for phase zero of the network’s evolving transition to Serenity, which co-founder Vitalik Buterin proposed was “*basically feature complete for Casper” — a transitional PoS-Proof-of-Work (PoW) hybrid consensus model currently under development by the Foundation.

ETH Breaks Down, Turned Sell on Rallies

In the weekly analysis, we discussed the next possible break in ETH price either above $120 or below $114 against the US Dollar. The ETH/USD pair failed to gain momentum above the $116 and $118 resistance levels. As a result, there was a bearish reaction below the $114 support. The pair even broke the $112 support and traded well below the 100 hourly simple moving average. The decline was such that the price even traded below the $110 level and formed a new low near $109.At the moment, the price is consolidating losses near $110, with a bearish angle. An initial resistance is near the 23.6% Fib retracement level of the recent decline from the $117 high to $109 low. More importantly, there is a major bearish trend line formed with resistance at $112 on the hourly chart of ETH/USD. It won’t be easy for buyers to clear the trend line resistance and $112. The next hurdle is near the $113 level. It coincides with the 50% Fib retracement level of the recent decline from the $117 high to $109 low.

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bulls are active at current levels, but bears do not hibernate

The news of the day is that VanEck SolidX in collaboration with the CBOE has resubmitted their license request for an ETF on Bitcoin to the SEC. The headlines that accompany this news already warn that this issue may take a long time, even beyond the end of this year.However, something is going to happen in the short term. I don’t know if the price of Bitcoin is going to plummet back to the 2018 lows of $3,150 or if there is an attack on the critical level of $4200, but something is yet to come. If we apply the Bollinger bands in the daily range chart, we see that the price is in a compression situation that will explode sooner rather than later.Below the current price, the first support level is at the $0.296 price level (price congestion support). The second support level for the XRP is $0.28 (price congestion support), an essential level since losing this support would lead the XRP/USD pair in the direction of the 2018 lows at $0.257 (price congestion support and relative minimum).The DMI on the 4-hour chart shows bears again more active than bulls but for a small advantage. Both sides of the market show significant levels of activity, so a clear break in either direction can find considerable support.

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11

Bakkt recently completed its first acquisition of certain assets of futures commission merchant Rosenthal Collins Group (RCG). The much-awaited digital asset platform is expected to launch laterin the year, according to Jeff Sprecher, CEO of the Intercontinental Exchange (ICE). Many expect institutional participation to increase with the launch of Bakkt.Bitcoin (BTC) broke out of the 20-day EMA for the first time since Jan. 10. It is currently trading near the 50-day SMA. A bounce from the current level will carry it to the downtrend line, which has been a major hurdle since Nov. 24 of the previous year. If the price sustains above the downtrend line, it can move up to $4,255. It is currently facing resistance at the 50-day SMA. If the bulls sustain the price above $116.30, we anticipate another attempt to break out of the overhead resistance within the next few days. The 20-day EMA has turned up and the 50-day SMA is gradually sloping up. The RSI reached the overbought level for the first time since December 2017. This shows a probable change in trend. The flattish moving averages and the RSI close to the 50 levels points to a range bound trading in the near-term. We might suggest long positions if the price sustains above $141. Until then, we remain neutral on it.

Wall Street Strategist Reveals Bullish Bitcoin Forecast, Plus Ripple and XRP, Tron, Litecoin, Ethereum, Stellar, Cardano, IOTA: Crypto News Alert

Fundstrat co-founder and head of research Tom Lee says the firm has a positive outlook for Bitcoin and crypto throughout 2019.Visa and Mastercard are locked in a bidding war to purchase Ripple partner Earthport. Visa is the latest to up the ante, offering $319 million for the British cross-border payment company, Reuters reports.The latest ConsenSys-sponsored Week in Ethereum blog post is out. This week’s edition covers a long list of developer updates and news from the Ethereum-based platforms Kyber and Basic Attention Token.Litecoin creator Charlie Lee says developers are doing what they can to boost the overall crypto market. Litecoin recently became the fourth biggest cryptocurrency, after Lee announced the team is working to implement privacy features on the network.Bittrex International has officially listed Tron’s BitTorrent Token (BTT). The crypto exchange will also support the first and subsequent BTT airdrops, which begin on February 11th.In a new YouTube video, Cardano creator Charles Hoskinson defends the platform’s peer review process. Hoskinson says although peer-review can add months to the development process, it’s well worth the effort to build something right the first time and avoid fixing issues in the future.

JP Morgan Analyst Calls For Wall Street Foray As Bitcoin (BTC) Stabilizes At $3,400

JP Morgan has become an unpopular name in the crypto industry as of late. Per previous reports from Ethereum World News, a recent research paper released by the New York City-headquartered firm claims that its analysts have “long been skeptical” of the inherent value of cryptocurrencies in nearly all environments, save for “dystopian” societies rife with distrust for centralized financial intermediaries. JP Morgan’s analysts added that for the most part, Bitcoin (BTC) is displaying “bubble-like properties,” which are especially reminiscent of technology stocks in the late 90s and at the turn of the millennia.Yet, while the Wall Street analyst was hopeful, he was wary to claim that institutions are right around the corner, so to speak. In fact, Panigirtzoglou commented that as it stands, regulators are the dam holding back a mass of water (institutions), as they may be “slow to realize.”
But, Tilly made it clear that at current, not only are regulators shuffling their feet, but institutions are too. This has only been underscored by moves (or lack thereof) enlisted by Coinbase and Blockchain. The two industry powerhouses recently dropped hires from Wall Street, as they pivot away from servicing bigwig banks to crypto-centric hedge funds.

Binance Coin (BNB) Bounds into Top Ten as New Launchpad Project is Announced

When crypto markets head south there are usually very few to escape the wrath of the bears. A similar purge was initiated a couple of hours ago as $2 billion was shaved off crypto market cap in a matter of minutes.Cardano has been in a downward spiral for over a year with very little to note coming from the team in terms of developments. How things have changed for ADA which, this time last year, was the fifth largest cryptocurrency with a market cap of almost $10 billion. Nearly all of that has been dumped to crush the coin by over 97% as it slides down the charts to twelfth spot. Around 24 hours ago BNB was priced below $7 but as markets dumped during trading in Asia this morning it took the opposite route and headed upwards, currently trading at $8.26, the highest it has been since mid-November. Daily volume has surged from $76 million to $111 million, 35% of which us in USDT. BNB now has a market cap of over $1 billion as it surpasses BSV and takes tenth, just $400 million away from Stellar which has also been very weak recently.