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Emin GĂŒn Sirer, a Swiss Professor is coming hard down on Tron. And itâs solely because of Tron super ambitions of clipping Ethereumâs influence and describing itself as the largest blockchain based operating system in the world. But it is by defining itself as an operating system is what rubbed Sirer the wrong way.
Read: South Koreaâs Coinnest Exchange Makes Costly Bitcoin Airdrop Error and Loses $5 Million USD
In a short but precise tweet, the professor said he has built operating systemsâhe is behind the SPIN kernelâand he is firm that Tron contravenes Blockchain rule #73 which he quotes saying âanything billed as a âblockchain operating systemâ is an embarrassing messâ.
A simple Google search on blockchain Rule #73 yields no result meaning the rule is of his creation and a way of showing his disdain for the ninth largest cryptocurrency in the world and Ethereumâs competitor. Itâs true, Tron and Justin Sun are tireless in the marketing and often times, and they are fond of discrediting rivals as EOS and Ethereum.
Also Read: New Research from South Korea Indicates Security Token Offerings (STOs) May Be the Future
This time though, Vitalik and Sirer joined forces to criticize Tron and in a Tweet, Vitalik was quick to say:
The trick is to throw your coin into a list of other coins that you know the recipients of your shilling already approve of and get them to associate your coin as "one of the pack". Also the dollar signs. The darned {{deity}}-awful dollar signsâŠhttps://t.co/b2rtf0pnXk
â Vitalik Non-giver of Ether (@VitalikButerin) January 21, 2019
Ethereum (ETH/USD) Price Analysis
Although we are net bullish expecting events leading up to Web 2.0 or Constantinople upgrade to support prices, it is clear that buyers are facing a hard time against determined sellers. While we are safe at the moment mostly because of our inaction and failure to open long positions hours before Jan 16, the fact that bulls are yet to drive prices above $135 or Jan 14 highs mean sellers are in charge.
Notice that despite general optimism, prices did melt below $120 and we may see further drawdown more so if prices donât recover and recoup losses of Jan 20 when ETH dropped sharply before recovering in the NY session.
The truth is, any bear close today confirms Jan 10 losses catalyzing sell-off in the third phase of a classic bear breakout pattern with a possible retest of Dec 2018 lows of $70. Anyhow, despite possibilities of price falls, we expect bulls to find support at $100 or the 78.6 percent Fibonacci retracement level. Should this level give in, then ETH would collapse towards $71 or lower as history has it that the trend continuation phase often blast below supports and print new lows.
All Charts Courtesy of Trading View â BitFinex
Disclaimer: Opinions are those of the author. Do your Research.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.