ETH/USD Ethereum rallied quite a bit during the day on Friday, breaking above the $292 level that I had pointed out yesterday. We touched the $300 level, and if we can break above there, the market should then go to the $312 handle, which extends to the $316 level. A break above the $316 level […]
Archive | November 5, 2017
Don’t invest in cryptocurrencies if you can’t stand the volatility, says noted investor and author.
BloombergBitcoin’s Contentious Bid for LegitimacyBloombergInstead of bringing clarity, an impressive price surge last week accentuated the differences within the financial industry about the future of the bitcoins. Opinions range from those asserting that we are witnessing the birth and maturation of a new …and more »
DASH/USD DASH has been bouncing around for some time, and I believe that the $250 level continues to offer massive support. Ultimately, I anticipate that the real resistance above at the $300 level is the target, so I like buying dips in this market, but I also recognize that you will have to be […]
Two companies filed partial prospectuses to launch blockchain-related exchange-traded funds in the last week.
Unlike other coins, alt coin NEM continue to inch higher. DASH, IOTA, NEO and Monero are low even after that bullish divergence after November 5. This is indicative of strong bear pressure evident in the weekly chart where stochastics are extremely bearish with %k and %d diverging. Let’s review what happened in all other common […]
London, UK: On 7th of November David Agar, the CEO of Bank4YOU Group is going to present the demo version of the Bank4YOU e-wallet app with MMRS system to a vast community of fintech innovators at the one of the most influential conferences in the world – FinovateAsia. Each user of Bank4You’s mobile wallet will […]
BTC/USD Bitcoin pulled back a bit during the day after initially trying to rally on Friday, as $7500 has offered a bit too much in the way of resistance. That makes sense though, because quite frankly we have gotten a bit overextended. At this point, I’m more than willing to wait for a pullback towards […]
Key Highlights Ripple price is back in the range above the $0.1960 support zone against the US Dollar. There is a bearish trend line forming with resistance at $0.1990 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might soon break $0.2000 to trade towards $0.2050 or even $0.2100. Ripple […]
Bitcoin News (press release)Bitcoin Ivy League! Yale, Wharton, Haas Offer Courses on Blockchain TechBitcoin News (press release)It’s a new world for business students, and a great deal of that change is due to bitcoin. As AFP notes, students “who wish to work in trading must learn how to code, while bankers need to understand algorithms […]
The NAGA Group AG is a German FinTech company listed on the Frankfurt Stock Exchange with over 150 employees. Today, they officially announced their Token Sale to launch the NAGA Coin (NGC) and create the first Blockchain-based ecosystem for decentralized trading, investing and education in financial markets, virtual goods and cryptocurrencies. Video about The NAGA […]
Bitcoin headed towards $8000, continues breaking recordsTweakTownFundstrat co-founder Tom Lee says that the number of unique Bitcoin addresses has exploded in August, blowing their expectations out of the water, and reaching their mid-2018 expectations…
There has been a lot of buzz recently about HydroMiner in the cryptocurrency world. The Austrian company entered the market with a unique proposition to utilize green energy to mine crypto currencies. We have been covering HydroMiner’s evolution since its launch, and we reported, for example, on how its pre-ICO offering sold out in a […]
Developer Ariel Deschapell argues that the Segwit2x bitcoin fork is a broken attempt to change bitcoin, and that it’s destined to fail.
Key Points Bitcoin cash price started a new upside wave after a minor correction towards $560 against the US Dollar. There was a break above a major bearish trend line with resistance at $600 on the hourly chart of BCH/USD (data feed from Kraken). The price might dip a few points once again, but most […]