| Ethereum (ETH) |  | It has a current market cap of over $12.2 billion, a circulating supply of 104 million, and has traded over $2.5 billion in volume during the past 24 hours according to CoinMarketCap.com.
In mid-December, ETH/BTC made a strong move as ETH was finding a bid in the market. The price recently tested the September high before pulling back the past few days. Following a larger down day on Thursday, the price is forming a spinning top so far today, which is an indication of balance between buyers and sellers. A close above the midpoint of yesterday's candle body, around 0.03300, could be an indication that the price is finding support and may have a chance of retesting the resistance at 0.03750. A potential stop could be placed below today's low.
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| | News To Know | | Ethereum ICOs Treasury Selloff Continues: $434K ETH Already Sold In December (Led By Filecoin) Now we can definitely say that to say that 2018's bear market took its toll on a lot of the projects which had their initial coin offerings on Ethereum's blockchain. According to a new study by market research company Diar, December hadn't ended yet but in 28 days already saw more than 434,000 ETH liquidated from ICO treasuries. This makes it the current month during which the selloff hit its year-long high.
Too Soon for Blockchain Benefits in 2019, Says UPS Executive Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA's executive vice president of technology and chief digital officer Linda Jojo remained level-headed on blockchain's prospects.
National Bank of Kuwait to provide cross-border payments via RippleNet Ripple now has finally added up another new prominent client to its list, the National bank of Kuwait, which will now be employing the RippleNet to provides the cross-border payments services. The National Bank of Kuwait shares the same on the social media platform Twitter that now the people of the Jordan will now be able to make the payment quickly and instantly, all thanks to their integration with the Ripple.
U.S. State of Wyoming To Implement Blockchain-powered Land Registry System The Western U.S. State of Wyoming is set to develop a blockchain-powered land registry system in partnership with Overstock.com's blockchain subsidiary Medici Land Governance (MLG), which focused on land administration. Wyoming will adopt blockchain technology to register and validate property ownership.
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| | | Source: Coinmarketcap.com | | | |
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