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DASH/USD and LTC/USD Technical Analysis July 19, 2017

Hello and welcome to News BTC’s Market Outlook July 19. DASH/USD DASH rallied during the session on Tuesday, breaking above the $150 level. It looks as if the market is going to continue to go higher but there’s a lot of noise above, so it’s likely that it will be a very difficult grind higher. … Continue reading DASH/USD and LTC/USD Technical Analysis July 19, 2017

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Hello and welcome to News BTC’s Market Outlook July 19. DASH/USD DASH rallied during the session on Tuesday, breaking above the $150 level. It looks as if the market is going to continue to go higher but there’s a lot of noise above, so it’s likely that it will be a very difficult grind higher. … Continue reading DASH/USD and LTC/USD Technical Analysis July 19, 2017

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ETH/USD and ETH/BTC Technical Analysis July 19, 2017

Hello and welcome to News BTC’s Market Outlook July 19. ETH/USD The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to … Continue reading ETH/USD and ETH/BTC Technical Analysis July 19, 2017

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Hello and welcome to News BTC’s Market Outlook July 19. ETH/USD The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to … Continue reading ETH/USD and ETH/BTC Technical Analysis July 19, 2017

The post ETH/USD and ETH/BTC Technical Analysis July 19, 2017 appeared first on NEWSBTC.

BTC/USD and BTC/JPY Technical Analysis July 19, 2017

Hello and welcome to News BTC’s Market Outlook July 19. BTC/USD Bitcoin initially fell during the session on Tuesday, but found enough support below the 2200 level to turn around and continue to go even higher. We are facing a significant amount of resistance in the form of the $2400 level though, so clearing that … Continue reading BTC/USD and BTC/JPY Technical Analysis July 19, 2017

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Hello and welcome to News BTC’s Market Outlook July 19. BTC/USD Bitcoin initially fell during the session on Tuesday, but found enough support below the 2200 level to turn around and continue to go even higher. We are facing a significant amount of resistance in the form of the $2400 level though, so clearing that … Continue reading BTC/USD and BTC/JPY Technical Analysis July 19, 2017

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Bitcoin Price Analysis – Longstanding support holds

After closing down almost 25% last week, bitcoin has recovered almost 75% of the loss, and is now comfortably back above $2000. The wildly volatile week followed more than 25 days of consolidation. The last consolidation period of this length was in Ju…

After closing down almost 25% last week, bitcoin has recovered almost 75% of the loss, and is now comfortably back above $2000. The wildly volatile week followed more than 25 days of consolidation. The last consolidation period of this length was in June and July 2016. Both periods resolved with large down days followed by a quick reversal.

CryptoPing Launches Subscription Based Signal Bot Service

With over a 1000 tradeable altcoins now on the market, it becomes harder to track and monitor every single one. A pump and dump move can happen quickly and without proper warning, most will never have a chance to participate in the move. This problem has been solved by CryptoPing with their innovative Signal Bot … Continue reading CryptoPing Launches Subscription Based Signal Bot Service

The post CryptoPing Launches Subscription Based Signal Bot Service appeared first on NEWSBTC.

With over a 1000 tradeable altcoins now on the market, it becomes harder to track and monitor every single one. A pump and dump move can happen quickly and without proper warning, most will never have a chance to participate in the move. This problem has been solved by CryptoPing with their innovative Signal Bot … Continue reading CryptoPing Launches Subscription Based Signal Bot Service

The post CryptoPing Launches Subscription Based Signal Bot Service appeared first on NEWSBTC.

Ethereum Classic Price Technical Analysis – Can ETC/USD Break $16.50?

Key Highlights Ethereum classic price continued to struggle to break the $16.00-16.50 resistance against the US Dollar. There is an ascending channel pattern with resistance near $16.50 forming on the hourly chart of ETC/USD (Data feed via Kraken). The price is currently trading near the channel support at $15.50 and recovering. Ethereum classic price is … Continue reading Ethereum Classic Price Technical Analysis – Can ETC/USD Break $16.50?

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Key Highlights Ethereum classic price continued to struggle to break the $16.00-16.50 resistance against the US Dollar. There is an ascending channel pattern with resistance near $16.50 forming on the hourly chart of ETC/USD (Data feed via Kraken). The price is currently trading near the channel support at $15.50 and recovering. Ethereum classic price is … Continue reading Ethereum Classic Price Technical Analysis – Can ETC/USD Break $16.50?

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Ethereum Price Technical Analysis – ETH/USD Correcting after Rally

Key Highlights ETH price surged higher and broke the $188 level against the US Dollar to trade towards $255. There is a major bullish trend line with support at $202 forming on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price is currently correcting lower, but remains supported above $200 in … Continue reading Ethereum Price Technical Analysis – ETH/USD Correcting after Rally

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Key Highlights ETH price surged higher and broke the $188 level against the US Dollar to trade towards $255. There is a major bullish trend line with support at $202 forming on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. The price is currently correcting lower, but remains supported above $200 in … Continue reading Ethereum Price Technical Analysis – ETH/USD Correcting after Rally

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Kraken Estimates Last Quarter’s Trading Volume 10x Previous High

Kraken Estimates Last Quarter's Trading Volume 10x Previous HighKraken’s CEO, Jesse Powell, has stated the cryptocurrency exchange’s volume during the second quarter of 2017 comprised 10x more trade than during the company’s preceding all time high. Despite this incredible spike in volume, Powell speculated that the cryptocurrency markets will likely see growth of 10x to 100x in coming years. Also Read: Class Action Lawsuit Filed

The post Kraken Estimates Last Quarter’s Trading Volume 10x Previous High appeared first on Bitcoin News.

Kraken Estimates Last Quarter's Trading Volume 10x Previous High

Kraken’s CEO, Jesse Powell, has stated the cryptocurrency exchange’s volume during the second quarter of 2017 comprised 10x more trade than during the company’s preceding all time high. Despite this incredible spike in volume, Powell speculated that the cryptocurrency markets will likely see growth of 10x to 100x in coming years.

Also Read: Class Action Lawsuit Filed Against Cryptocurrnecy Exchange Kraken

The Cryptocurrency Exchange Has Hired 150 New Employees in the Last Two Months

Cryptocurrency Exchange Kraken Estimates Last Quarter's Trading Volume 10x Previous High

During a recent interview on Trace Mayer’s Bitcoin Knowledge Podcast, Kraken CEO, Jesse Powell, detailed the enormous growth witnessed by the cryptocurrency exchange during 2017. When compared with the company’s preceding all-time highs, Powell describes last quarter’s growth as having been “immense”, with total trading volume comprising “maybe 10x above the largest previous quarter”.

To cope with the surging demand, Kraken has expanded its personnel – with the cryptocurrency exchange having hired 150 people in the past two months. Despite the growth, Powell is concerned that should the cryptocurrency markets downtrend then layoffs may be necessary – as occurred following the popping of the 2013 bubble, during which the exchange downsized from 35 to 12 employees.

Despite the Record Breaking Trading Volume, 2017 Has Been a Challenging Year for Kraken

Cryptocurrency Exchange Kraken Estimates Last Quarter's Trading Volume 10x Previous High

Powell says that the surging volume has also affected the cryptocurrency exchange’s banking relationships, creating challenges for Kraken’s customers. “[Our banking and payment partners] might be fine with what the usual volume is, but an overnight 10x in wire transfers or KYC requests – because they will often want to do enhanced diligence – and if they have to do 10x what their enhanced diligence is, they might need to hire more people themselves,” stated Powell.

Despite the record breaking trading volume, 2017 has been a challenging year for Kraken. The exchange experienced numerous outages during peak trading periods in recent months, several of which were the consequence of a string of DDoS attacks that targeted cryptocurrency exchanges. Earlier this month, www.bitcoin.com reported that five Kraken customers have launched a class-action lawsuit seeking compensation for liquidations that occurred as the results of an ethereum flash crash on May 7th, claiming that the exchange should have halted trading operations due to DDoS attacks. Kraken has stated that “the DDoS did neither cause nor exacerbate liquidations’, and rejected accusations that it acted unlawfully during ETH’s 70% dip.

Do you think that the recent growth in the cryptocurrency markets is sustainable? Share your thoughts in the comments section below!


Images courtesy of Shutterstock and Kraken


Need to calculate your bitcoin holdings? Check our tools section.

The post Kraken Estimates Last Quarter’s Trading Volume 10x Previous High appeared first on Bitcoin News.

Creditbit Price Technical Analysis – CRB/BTC Remain Under Pressure

Key Highlights Creditbit price declined further and traded below the 0.00019BTC level against the Bitcoin. There is a new connecting bearish trend line with resistance at 0.00019BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the price may break 0.00017BTC for a move towards the 0.00015BTC level. Creditbit price … Continue reading Creditbit Price Technical Analysis – CRB/BTC Remain Under Pressure

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Key Highlights Creditbit price declined further and traded below the 0.00019BTC level against the Bitcoin. There is a new connecting bearish trend line with resistance at 0.00019BTC forming on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). On the downside, the price may break 0.00017BTC for a move towards the 0.00015BTC level. Creditbit price … Continue reading Creditbit Price Technical Analysis – CRB/BTC Remain Under Pressure

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MobileGo Price Technical Analysis for 07/19/2017 – Areas of Interest

MobileGo had another mixed run as it seems to be reacting only to its counterparts bitcoin, ethereum, and the dollar.

The post MobileGo Price Technical Analysis for 07/19/2017 – Areas of Interest appeared first on NEWSBTC.

MobileGo had another mixed run as it seems to be reacting only to its counterparts bitcoin, ethereum, and the dollar.

The post MobileGo Price Technical Analysis for 07/19/2017 – Areas of Interest appeared first on NEWSBTC.

Bitcoin Price Technical Analysis for 07/19/2017 – Next Downside Targets

Bitcoin price might be done with its correction and the Fibonacci extension tool shows how low it could go from here.

The post Bitcoin Price Technical Analysis for 07/19/2017 – Next Downside Targets appeared first on NEWSBTC.

Bitcoin price might be done with its correction and the Fibonacci extension tool shows how low it could go from here.

The post Bitcoin Price Technical Analysis for 07/19/2017 – Next Downside Targets appeared first on NEWSBTC.

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 – Bitcoin News (press release)


Bitcoin News (press release)

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1
Bitcoin News (press release)
The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and

and more »


Bitcoin News (press release)

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1
Bitcoin News (press release)
The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group's bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and ...

and more »

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and Bitpoint, will suspend bitcoin deposits and withdrawals on August 1 at 00:00 Japan time. Also read: Japan’s Cryptocurrency Business

The post 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 appeared first on Bitcoin News.

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1

The Japan Cryptocurrency Business Association has officially announced its plan on how to deal with the possibility of a Bitcoin protocol split on August 1. Thirteen of the group’s bitcoin exchange members, including Coincheck, Gmo-Z, Bitbank, and Bitpoint, will suspend bitcoin deposits and withdrawals on August 1 at 00:00 Japan time.

Also read: Japan’s Cryptocurrency Business Association Plans for August 1 Guidelines

Suspension of Bitcoin Deposits and Withdrawals

13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1The Japan Cryptocurrency Business Association (JCBA), formerly known as the Virtual Currency Business Study Group, announced on Tuesday its official plan for August 1.

Thirteen bitcoin exchange members of the association have agreed on how to deal with the possibility of a Bitcoin protocol split, which is expected on August 1 at 9:00 am Japan time, the JCBA detailed. “The occurrence of forking affects the transmission and receipt of bitcoins by all bitcoin users, and it is expected that all related virtual currency exchange operators and service providers will be seriously affected.”

The exchanges have collectively declared:

We decided to temporarily stop accepting bitcoin deposits and withdrawals at each exchange…We will stop only the services related to depositing and withdrawing bitcoins, but we will provide our other regular services for virtual currencies and legal currencies.

Thirteen Participating Bitcoin Exchanges

Currently, the following 13 bitcoin exchanges are members of the JCBA that have agreed to this plan.

  • 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1Bitbank Inc.
  • Bitpoint Japan Co. Ltd.
  • Quoine Co. Ltd.
  • Fisco Cryptocurrency Exchange Inc.
  • Coincheck Co. Ltd.
  • Btc Box Co. Ltd.
  • Tech Bureau Co. Ltd. (Zaif Exchange)
  • GMO-Z.com Coin Co. Ltd.
  • Campfire Corporation
  • Bit Trade Co. Ltd.
  • Bitcrements Bitcoin Exchange
  • Tokyo Bitcoin Co. Ltd.
  • Minnano Bitcoin

Japan’s largest bitcoin exchange by volume, Bitflyer, is not among the list of members of the association. According to a July 13 article by Nikkei, the exchange has not decided on a plan for the possible disruption, but is expected to come out with one this week.

Applicable Dates and Times

The suspensions will commence on August 1, 2017, at 00:00 Japan time. However, the JCBA warns that “in the event of the fork happening sooner than Aug 1, the suspension date/time may be advanced depending on the situation.”

The official service restart date and time following the network disruption is still “undecided,” the association noted, adding that (loosely translated):

We plan to update the acceptance of bitcoins and the resumption of withdrawals by 16:00 August 4, 2017 (Japan time).

What do you think about the JCBA’s plan to deal with the upcoming disruption? Let us know in the comments section below.


Images courtesy of Shutterstock and JCBA


Need to calculate your bitcoin holdings? Check our tools section.

The post 13 Japanese Exchanges Agree to Suspend Bitcoin Service on August 1 appeared first on Bitcoin News.

Loci Announces New Protocol for Affordable Patent Searching

Reston, Virginia, July 18, 2017 — The current process of searching and filing patents is convoluted, making it nearly impossible for new inventors to secure patents for their creations. Entrepreneurs who cannot afford to spend $15,000+ on attorney fees are forced to either give up their great ideas or riskily proceed without patent protection. Loci.io, … Continue reading Loci Announces New Protocol for Affordable Patent Searching

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Reston, Virginia, July 18, 2017 — The current process of searching and filing patents is convoluted, making it nearly impossible for new inventors to secure patents for their creations. Entrepreneurs who cannot afford to spend $15,000+ on attorney fees are forced to either give up their great ideas or riskily proceed without patent protection. Loci.io, … Continue reading Loci Announces New Protocol for Affordable Patent Searching

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