Author: Traderman

Ethereum Technical Analysis for 02/22/2016 – Price Breaks Above Important Pivot Area

Ethereum was trading in a sideways market since the 18th of February, but today, price managed to close above 0.0114. This monster pivot zone has been used a total of five times as resistance in the past five days. When price retraced after the initial break out, 0.0114 turned into support and propped up the market! Unless price slides back under 0.0114 again, another rally towards the pivot at 0.014 …
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FTC Settles Charges Against Bitcoin Mining Hardware Manufacturer Buttlefly Labs

Bitcoin mining hardware manufacturer Butterfly Labs, has agreed to settle a dispute with the FTC, which accused the company of deceiving customers. According to the FTC’s complaint – which was filed on the 18th of September in 2014 – Butterfly Labs misrepresented the profitability of their mining machines, and also kept customer’s pre-payments without delivering the mining hardware for an extend period of time. According to an official press release …
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Chainanalysis Partners with Europol’s European Cybercrime Centre

Chainanalysis Inc., a blockchain forensics firm based in New York, has revealed that a Memorandum of Understanding (MoU) has been signed with Europol’s European Cybercrime Centre (EC3). The collaboration will see Chainanalysis provide EC3 with vital information that will be crucial in their cyber crime prevention efforts. According to the press release: “The MoU between Europol and Chainalysis on collaboration and information sharing to tackle cybercrime, is an important step …
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PricewaterhouseCoopers Hires Former UK FCA Regulator for Blockchain Project

Financial and consulting giant PricewaterhouseCoopers (PwC), has brought in Patrick Spens, a former hedge fund founder and regulator at the UK’s Financial Conduct Authority, to aid the company in exploring the application of blockchains in government, society and the financial sector. “The potential for blockchain, the technology that powers the crypto-currency Bitcoin, to provide secure storage and distribution solutions is already seen to have far-reaching implications for the financial services …
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