| ETHLend (LEND) |  | ETHLend is a decentralized lending application (DAPP) running on the Ethereum Network that offers secure, peer to peer lending Smart Contracts. Unlike other blockchain loan applications, ETHLend allows a borrower and a lender to decide essential loan details without the need of a middleman. It has a market cap of over $147 million, a circulating supply of over 350 million and has traded over $7.47 million in the last 24 hours according to CoinMarketCap.com.
LEND/BTC is breaking out of a triple bottom price pattern today as it is trading above the resistance near 0.00000238. A close above this level could be an indication of a potential target near the 61.8% retracement area of the pervious downtrend. That level is also near the projected target of the triple bottom trading range. A potential stop could be placed below 0.00000230.
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| | News To Know | | LedgerX Launches 'Bitcoin Fear Index' to Track Price Volatility
LedgerX announced Monday that it was launching the LedgerX Volatility Index (LXVX), which will track the expected volatility for bitcoin. The firm will draw data for the index from its regulated bitcoin options, which various institutions have been trading over the past year.
Google's Crypto Ad Saga Continues: 'Ethereum' May Be Blacklisted
Last March, Google began to take an explicitly anti-crypto stance when it updated its ad policy to prohibit crypto-related advertising. Those changes meant that advertisements discussing ICOs, exchanges, trading, and wallets were off-limits, much to the dismay of blockchain startups. However, it seems that the story is not over yet: Ethereum-related ads are being blocked once again, according to one advertiser.
FXCM Digs Deeper into Cryptocurrency with CFDs on Ethereum Global FX brokerage FXCM Group has expanded its range of cryptocurrency instruments and will now offer CFDs on the second most popular coin, Ethereum, for all of its trading accounts. The FX broker introduced the new asset type earlier last year when it began testing the service with its already installed Bitcoin offering.
Russia 'to Replace US Dollar With BITCOIN' to Get Around US Sanctions'
Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, claims Russia is braced to invest in the leading cryptocurrency after the rouble was left crippled by US sanctions. Russia was slapped with fresh restrictions in December, with the US expanding a blacklist of individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 US presidential election.
Swiss banking giant, Vontobel launches Digital Asset Vaults Systems
Vontobel Asset Management AG, a Swiss-based banking company with headquarters in Zurich, Switzerland has now started offering "Digital Asset Vault" services to its customers to safely store their digital currency. The company is offering cryptocurrency-related investment products since-2016 and Roger Studer, investment banking head of Vontoble banking, said to local finance magazine Finews.ch that, "as far as I know, Vontobel is the only bank globally to offer itself as a custodian for digital assets."
Mongolia Taps Terra to Launch Blockchain Payment System
The administration of Mongolian capital Ulaanbaatar has teamed up with stablecoin firm Terra to offer a blockchain-powered payment system. The payment service will be first trialled in Ulaanbaatar City's Nalaikh District.
51 Percent Ethereum Classic Hacker Returns $100,000 in Stolen Cryptocurrency
The cyberattacker believed to be responsible for a 51 percent on the Ethereum Classic (ETC) blockchain has returned $100,000 in stolen proceeds, while keeping roughly $1 million. According to Gate.io, the funds were returned last week but it is not known why the cryptocurrency has been returned, or for what purpose, and efforts to contact the hacker have proved fruitless so far.
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| | | Source: Coinmarketcap.com | |
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