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Ethereum is still facing resistance near the $155 and $156 levels levels against the US Dollar. The price is likely to make a sustained move higher once it breaks the $156 resistance. There is a key declining channel forming or a bullish flag with resistance near $154 on the hourly chart of ETH/USD (data feed via Kraken). The price could start a fresh decline only if it settles below the $142 support area. Ethereum price is consolidating gains above key supports versus the US Dollar, similar to bitcoin . ETH price could rally towards $165 once it clears the $156 resistance. Ethereum Price Analysis Yesterday, there was an upside extension of the recovery initiated from $132 in Ethereum against the US Dollar. ETH price climbed above the key $150 resistance and the 100 hourly simple moving average. Moreover, the price broke the $152 resistance and tested the next key resistance area near the $155 level . A high was formed near the $156 level and the price is currently consolidati...

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Swiss media outlet Handelszeitung has published a full-page spread singing the praises of cryptocurrencies and underlying Distributed Ledger Technology (DLT). Accompanied by a step-by-step guide to help newbies learn how to buy and properly store the coins, the article is a welcome sign that enthusiasm is strong and adoption is still on the rise despite recent price woes in the industry. Also out of Switzerland, the country’s Federal Council has proposed updates to its banking infrastructure laws to accommodate DLT and help keep the country a top industry destination, moves that have been broadly welcomed by the country’s growing blockchain industry. Krypto für Dummies The article provides an optimistic view of the future of digital currencies in Switzerland, and outlines how they make it easier to “trade, exchange, and send” assets across the globe. The author takes readers on a journey from finding and buying cryptocurrency, storing it, and then selling the coins back for Swiss ...

Thanksgiving Day is the perfect opportunity to turn our attention to the people, events and things that make our lives better and offer us reasons to feel grateful. While meeting family members around the dinner table is an excellent way of expressing appreciation, those of us who irreversibly fell down the Bitcoin rabbit hole may have a few extra reasons to show gratitude.  Why should one feel thankful for Bitcoin? Whether we like it or not, it has changed our views on finance, politics, law and economics. The simple act of learning how and why this decentralized, nongovernmental currency came to be certainly has transformative effects. Bitcoin is much more than economic theory: It indiscriminately empowers millions of people around the world to store value and transact. This is a reality to which even the mightiest of governments and transnational corporations are trying to adapt. Without further ado, here are five reasons to feel thankful for Bitcoin. 1. Bitcoin Is Conserv...

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“We were able to help the [IRS and Homeland Security] understand were the bitcoin came from or where it got cashed out to,” Gladwell said. “You shouldn’t underestimate the amount of non-blockchain investigations,” that contributed to the effort, he added. from E-Crypto News https://ift.tt/35P09gd