| ARK (ARK) |  | ARK provides users, developers, and startups with innovative blockchain technologies. They aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want, and developers need. It has a market cap of over $50.1 million, a circulating supply of over 107.5 million and has traded over $241K in the last 24 hours according to CoinMarketCap.com.
ARK/BTC is trading above yesterday's high as it is forming a support level near 0.0001100. Potential confirmation of the support is a close above the high, with a potential target near the previous resistance near 0.0001290. A stop could potentially be placed below today's low.
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| | News To Know | | Why the Ethereum Classic hack is a bad omen for the blockchain
On Saturday, the Coinbase security team noticed something troubling. Someone had made a deep reorganization in the distributed ledger for Ethereum Classic. The attackers had pulled off the cryptocurrency equivalent of writing a bad check. The initial fraud reported by Coinbase on Monday was $460,000, but in the days that followed, the total amount rose to over $1 million, spread over 15 different transactions.
Monero Isn't Coming to Fortnite Just Yet
Currently one of the biggest games in the world, Fortnite has taken gamers everywhere by storm after this free to play game hit mainstream appeal for its battle royale mode as well as quirky game style. Previously, reports came out saying that the video game was accepting the cryptocurrency Monero for purchases of Fortnite merchandise but they have been shot down recently by the CEO of Epic Games Tim Sweeney.
Bullish Sentiment for Bitcoin Is at a 5-Month High
The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at just 22,787 – now worth just under $93 million. This creates the long-to-short ratio of nearly 1.5:1 – its highest since August 6th of last year.
Utility Vs. Security Tokens: A False Debate
We may look back on this moment as a turning point in for tokenized ecosystems. In an increasingly hostile regulatory environment, the latest point of contention centers on whether the industry will shift towards security tokens, or if utility tokens are here to stay.
KodakCoin Shocks Critics with Million Dollar Beta Test
It appears that the KODAKOne blockchain project, also known as KodakCoin, has made significant progress in the past year, despite much doubt from critics. KODAKOne was one of many blockchain projects to make news last year, but not much was expected from the project.
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| | | Source: Coinmarketcap.com | | | |
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