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Samsung Releases Beta Version of Ethereum Blockchain Software Development Kit – Product Release & Updates

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Samsung, the South Korean electronics giant has released a beta version of Ethereum Blockchain-based Software Development Kit (SDK) for partner developers.

This kit enables the developers and consumers a full set of functions that are required to build decentralized apps (dapps). It will be available in Canada, South Korea, and the USA. Currently, the kit will support only five devices- Galaxy S10e, S10, S10+, S10 5G, and the Galaxy Fold.

The SDK provides developers with ways to manage user accounts, authorize digital signatures for transactions, and manipulate transaction data. It will further allow linking users to any cold wallets, and not just Samsung KeyStore. Additionally, the beta edition SDK will facilitate the creation of transactions and the result of the transfer will be sent to a blockchain node.

Samsung will leverage its partners with additional features available in the kit to have access to a “blockchain specialized browser” for web dApps, which will have features to facilitate easier crypto payments and tools for easily estimating fees using live crypto exchange rates. Partners will be able to fetch transaction history from Samsung’s “blockchain proxy node.” These features will help reduce the cost of building dApps on supported mobile devices, said Samsung.

Source: Samsung

Galaxy S10, which was launched earlier this year, supports several dapps as well as features a Samsung crypto wallet supporting ether and ERC20 tokens. The giant was also planning to bring blockchain solutions to more budget-friendly Galaxy models.

According to recent news, Samsung is creating its own Ethereum-based blockchain network and may be planning to issue its own token too.

Further reads:

Samsung Could Soon Add Cryptocurrencies to Its Samsung Pay App

Samsung Will Add Crypto Wallet Support To Their Lower End Smartphones

South Korean Tech Giant Samsung Invests in Crypto Hardware Wallet Ledger

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Ethereum

Ethereum (ETH/USD) forecast and analysis on July 19, 2019

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Cryptocurrency Ethereum (ETH/USD) is trading at 213. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Ethereum (ETH/USD) forecast and analysis on July 19, 2019

As part of the Ethereum course forecast, a test of level 225 is expected. From where we can expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 158. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator strip at level 240.

Ethereum (ETH/USD) forecast and analysis on July 19, 2019

Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area of ​​the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of the quotes of the pair above 250. This will indicate a change in the current trend in favor of the bullish for ETH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on July 19, 2019 implies a test level of 225. Further, it is expected to continue falling to the area below the level of 158. The conservative area for selling Ethereum is located area of 240. Canceling the option of falling cryptocurrency will be a breakdown of the level of 250. In this case, we can expect continuation growth.

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Ethereum Price (ETH) Breaks $220 While Bitcoin Rallied 10%

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  • ETH price started an upside correction and traded above the $210 resistance against the US Dollar.
  • The price gained traction above the $220 level and even traded close to the $230 level.
  • This week’s followed key bearish trend line is acting as resistance near $230 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is currently consolidating below the $230 resistance, with support near $212.

Ethereum price is trading with a positive bias above $210 versus the US Dollar, whereas bitcoin jumped 10%. ETH price could dip towards $212 before it could break the $230 resistance.

Ethereum Price Analysis

After a significant decline, Ethereum price found support near the $190 level against the US Dollar. The ETH/USD pair started an upside correction and recently traded above the $200 resistance. Moreover, bitcoin price recovered sharply above $10,000, sparking bullish moves in the crypto market. ETH price gained traction and broke the $210 and $220 resistance levels.

Moreover, there was a close above the $220 level and the 100 hourly simple moving average. The price even broke the 23.6% Fib retracement level of the last major decline from the $229 high to $190 low. Additionally, there was a break above a connecting bearish trend line with resistance at $214 on the hourly chart of ETH/USD. However, the pair ran into this week’s followed key bearish trend linen at $230.

The pair is currently consolidating below the $230 resistance and near the 100 hourly SMA. An initial support is near the $220 level, below which the price may perhaps dip towards the $212 support level. If there are more losses, the price might move back in a bearish zone towards $200 and $195.

On the other hand, if the price gains momentum above the $230 resistance, it could continue to rise. The next key resistance is near the $235 level (the previous swing high) plus the 50% Fib retracement level of the last major decline from the $229 high to $190 low. If there are more gains, the price may even test the $245 level, representing the 61.8% Fib retracement level of the last major decline from the $229 high to $190 low.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is showing a few positive signs above the $212 support level. However, the bulls need to gain strength above $230 and $235 to push the price back into a positive zone.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is struggling to gain momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently well above the 50 level, with a bullish angle.

Major Support Level – $212

Major Resistance Level – $230

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Ethereum whale accumulates another 20,000 ETH in massive buy wall

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Following a massive sell order of more than 15,000 ETH that triggered a noticeable Bitcoin slump, another Ethereum whale set a buy order for almost 20,000 ETH on Binance. First thought to be a spoof, the order was quickly filled but prompted a widespread discussion on whether this was another whale’s attempt to manipulate the market.

Ethereum recovers after a major slump

After an extremely bearish week, the crypto market started to show signs of recovery in the past 48 hours. While many believed that the slump was caused by Bitcoin reacting to a slew of negative news coming from U.S. politicians, it is possible the world’s second-largest cryptocurrency that initiated a bearish trend.

Chico Crypto, a crypto YouTube channel, claims that the latest Bitcoin slump was caused by an Ethereum whale. According to his video, a crypto whale or a trading group put a mass-market 15,000 ETH order on Bitstamp, which immediately dropped the price from $220 to $190—a 13.6 percent decrease.

The drop affected the to other (highly correlated) cryptocurrencies, dragging Bitcoin below the $10,000 mark.

However, Ethereum managed to recover well from the crash, but not thanks to a healthy increase in market activity. Su Zhu, the CEO of Three Arrows Capital, pointed out on Twitter that another Ethereum whale has been slowly accumulating ETH in the past couple of weeks.

Another whale pushes Ethereum into the green

Zhu then shared a screenshot of buy orders placed on Binance earlier today, which showed that the whale put out an order for almost 20,000 ETH.

He also indicated that he had been following the whale’s behavior in the past weeks, saying that according to his calculations he’d already bought around 300,000 ETH or an equivalent to 7,000 BTC (roughly $70 million).

The massive order seems to have ignited some action in the ETH/BTC trading pair, pushing ETH over the $200 mark in a matter of hours. The world’s second-largest cryptocurrency is trading at around $222 at press time.

After the news about the 20,000 ETH order broke on Twitter, users began to speculate whether this was a prop bid. Prop bids are often placed to inflate the price of a coin and are quickly pulled if it begins to fill. The opposite of a prop bid, called a loading wall, is also used to scare retail investors into a selloff.

However, the order started getting filled within minutes of placing, with many pointing out that the same whale had been on a buying spree for quite a while and that the orders were real.

It is still too early to tell how this will affect Ethereum’s price. Data from CoinMarketCap has shown that ETH has lost around 2 percent of its value against BTC in the past 24 hours but has gained almost 5 percent in USD terms.

Ethereum | ETH

UPDATED: JUL 18 AT 4:37 PM PDT$228.257.87%

Ethereum, currently ranked #2 by market cap, is up 7.87% over the past 24 hours. ETH has a market cap of $24.41B with a 24 hour volume of $9.29B.

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