Day: November 13, 2017

It is unlikely that BCG will debut at a value higher than the initial value of Bitcoin Cash at $300.

ETH/USD

Ethereum has been rather choppy during the session on Monday, but it does look as if we are trying to go higher. I believe that the $312 level underneath should offer a bit of support, but we need to break above the $320 level to extend the rally. Right now, the stochastics look a little bit overbought, but longer-term I still believe that the buyers come back into the marketplace, as we are starting to see significant support.

ETH/BTC

With the noise that we have seen and Bitcoin over the weekend, Ethereum has done reasonably well against it. The market fell initially during the day on Monday, but looks likely to find support at the 0.045 level. I think that a bounce from here is very likely, and the 0.055 level above could be a short-term target.

Thanks for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis November 14 2017 appeared first on NEWSBTC.

DASH/USD

DASH continues to be very volatile, initially tried to rally on Monday, but ended up forming a negative looking candle. I think at the end of the day, we will find ourselves reaching back towards the $350 level, where we should see some buying pressure. Being patient and waiting for a bounce or a supportive camera such as a hammer should be the best way to play this market.

LTC/USD

Litecoin rallied a bit during the day, testing the $62 level but rolled over. I believe that this market is trying to find reason to go higher, and currently it looks as if a “sell the rallies” type of attitude continues to be the case, as the market has found significant support at the $56 level. I believe that we will continue to be very choppy, but short-term traders will continue to apply pressure.

Thanks for watching, I’ll be back tomorrow.

The post DASH/USD and LTC/USD Technical Analysis November 14 2017 appeared first on NEWSBTC.

Key Points

• Bitcoin cash price is declining and is currently trading below $1500 against the US Dollar.
• There is a major bearish trend line forming with resistance at $1400 on the hourly chart of BCH/USD (data feed from Kraken).
• The price remains in the bearish zone as long as there is no break of the $1500 resistance.

Bitcoin cash price is now trading below $1500 against the US Dollar. BCH/USD is under pressure and might test the $1050 support in the short term.

Bitcoin Cash Price Resistance

Yesterday, we saw a reversal pattern in Bitcoin cash price as it moved below the $1800 level against the US Dollar. The price traded toward the $1050 support and later corrected higher. It moved above the 23.6% Fib retracement level of the last decline from the $2580 high to $1012 low. However, the upside move was limited by the $1500 resistance. There is also a major bearish trend line forming with resistance at $1400 on the hourly chart of BCH/USD.

Above the trend line resistance, the 38.2% Fib retracement level of the last decline from the $2580 high to $1012 low is at $1614. Therefore, there are many resistances on the upside starting with the $1400 level. It won’t be easy for BCH buyers to push the price above $1400 and $1500 in the short term. There can be a couple of swing moves or ranging moves below $1500. Moreover, there is a chance of it retesting the $1050-1000 support area as well in the near term.

Loses below $1000 would mean a major bearish trend toward $650-600. On the upside, a close above $1500 would be a positive signal for buyers.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is attempting to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently below the 50 level.

Major Support Level – $1050

Major Resistance Level – $1500

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Turned Bearish? appeared first on NEWSBTC.

German FinTech company The Naga Group AG announced today that Bitcoin.com CEO Roger Ver had joined NAGA’s board of advisors. Furthermore, Ver’s colleague and Bitcoin.com COO Mate Tokay has joined the project as an advisor as well. Both men are well respected and considered to be key influencers within the cryptocurrency community and will bring a wealth of experience and insight to NAGA.

NAGA’s ideas get pretty close to Roger’s philosophy and ideology. Due to the fact that NAGA’s Ecosystem will give access to 2 billion underbanked users to participate in the financial and crypto markets, it will allow everyone to get into trading and investing and it will result in their potential independent individual lifestyle, which supports the idea of libertarianism that is embraced by Roger.

Due to the fact that Roger supports Bitcoin Cash, the NAGA Group decided to add BCH to their accepted currencies on their Token Sale in order to reduce the barriers for their potential investors and future customers who would like to become a part of the ecosystem.

Founders and Executive Directors of The NAGA Group AG, Benjamin Bilski and Yasin Sebastian Qureshi expressed their keen pleasure with this latest development:

“We are proud that Roger and Mate joined our Token sale. Both have an impressive track record in the industry and they have left an already significant footprint in the crypto-community. Roger and Mate´s engagement also substantiate our ambition to create a powerful solution for barrier-free investing into stocks or virtual goods with our NAGA Coin. Having one of the most renowned people from the community,  combined with our fast growing business powered by our exchange-listed company, makes us confident to set the path for a fundamental token growth.

Roger Ver

Take a look at any Who’s Who in Bitcoin list and you’ll find Roger Ver near the top of that list. Dubbed ‘Bitcoin Jesus’, Ver is a pioneer for Bitcoin adoption around the world. In 2011, Ver’s company, MemoryDealers.com, became the first mainstream company to accept Bitcoin as a payment option. He is considered to be the first Bitcoin angel investor, having funded the seed rounds for most of the entire first generation of Bitcoin-related businesses, including:

• The Bitcoin Foundation
• Bitpay
• Blockchain.info
• Ripple
• Kraken

Ver is a proponent of libertarianism and voluntaryism, believing in an individual’s right to freedom of choice, voluntary association, and self-governance. These beliefs are in harmony with NAGA’s mission, which is to open up the financial and crypto markets to the more than 2 billion underbanked people in the world, offering them the potential for a wealthier individual lifestyle.

Speaking about NAGA, Ver stated: “I’m honored to be involved as an advisor to a company that shares my same ideals.”

Mate Tokay

‘Bitcoin Disciple’ to Ver’s ‘Bitcoin Jesus’, Mate Tokay is without question one of Bitcoin’s most active and vocal proponents. A professional athlete and former wakeboard world champion, Tokay made his first foray into the crypto space when he began mining Bitcoin in 2013 using custom-built ASIC miners. Since then he has gone on to spread the word about Bitcoin and cryptocurrency at conferences and speaking engagements around the world.

In keeping with his desire to educate people about Bitcoin, Tokay founded the crypto media news website Bitcoinist in 2013. Since then, he has continued to keep his finger on the pulse of the cryptocurrency industry and has been involved in several successful blockchain-related projects.

Tokay’s role within the Bitcoin community has been described as “[focusing] on a larger vision and communicating that vision to others while staying on top of trends in the industry. His goal and passion is to make cryptocurrencies as popular as possible.”

Mate Tokay claimed: “I am thrilled to join the NAGA Token Sale as an advisor; they already have a working product that will allow millions of unbanked people to trade on the crypto markets and with that giving them the opportunity to reach financial freedom.”

NAGA Token Sale

In the wake of Roger Ver’s appointment to NAGA’s board of advisors and in light of his support of Bitcoin Cash, The NAGA Group has decided to add Bitcoin Cash (BCH) to the list of accepted cryptocurrencies for its upcoming token sale.

NAGA-Founder Benjamin Bilski explained:

“We consider BCH to represent the future of cryptocurrencies, because of its small transaction cost and other benefits. Thus, we believe that it will reduce the barriers for our potential investors and future customers to become a part of our ecosystem.”

NAGA will be launching its token sale in two stages – the Pre-Token Sale and the main Token Sale. The exchange rate for NAGA Coin is 1 NGC = $1 USD. Investors can purchase tokens using BTC, BCH, ETH, LTC, and DASH. For those wishing to use FIAT currency, EUR and USD are also accepted.

• Token Name: NAGA Coin
• Ticker Symbol: NGC
• Token Price: 1 NGC = $1.00
• Min. Cap in Tokens: 1 million NGC
• Tokens Available for Sale: 220 million NGC (pre-sale and token sale combined)
• Minimum Purchase: 10 NGC
• Maximum Purchase: 10 million NGC
• Accepted Currencies: BTC, BCH, ETH, LTC, DASH, EUR, USD

Token Pre-Sale

• Start Date: November 20, 2017 (00:00 CET)
• End Date: November 27, 2017 (23:59 CET)
• Max Cap in Tokens: 20 million NGC
• Sale Bonus: 30%

Token Sale

• Start Date: December 1, 2017 (00:00 CET)
• End Date: December 15, 2017 (23:59 CET)
• Max Cap in Tokens: 200 million NGC

“Investments and trading are ruled and governed by greedy banks and corporations that control access, operate non-transparently and always take a cut of your money. At NAGA we are about to change that. By introducing the NAGA COIN, we are on a mission to revolutionize the outdated banking sector. The financial markets are about to change, and we embrace that.” – The NAGA Group AG

About The NAGA Group

The NAGA Group is a publicly listed, EU-regulated German Fintech company with trading-platforms for financial markets and virtual goods. They have a market cap of more than 200 million Euros, millions in reported revenues, and over $4 billion in trading volume every month. After one of Germany’s fastest IPOs in the last fifteen years, The NAGA Group was listed on the Frankfurt Stock Exchange on July 10, 2017. Since then, the company’s share price has gone up by nearly 500%.

The NAGA Group is a management-owned growth-driven international FinTech with an accomplished team of more than 120 people. The company holds various EU financial licenses, including an asset management license, and is backed by one of China’s largest private investment conglomerates, FOSUN. They are further supported and backed by widely known investors, institutions, and advisors, including Hauck & Aufhäuser, one of the oldest private banks in Germany.

For more information about The NAGA Group AG please visit their company website. You can learn more about the NAGA ecosystem and token sale at nagaico.com and follow them on Facebook, Twitter, LinkedIn, BitcoinTalk, and Telegram.

The post Bitcoin’s Roger Ver and Mate Tokay Join NAGA Board of Advisors appeared first on NEWSBTC.

The Token Fund creators are up to their new and much-expected project launch – Tokenbox. For the last few months, the team have been developing a multifunctional platform for cryptotrading, uniting traders, cryptofunds and interested investors, offering ready-made box solutions within one ecosystem. Tokenbox TGE will take place at 12 UTС today, on November 14th. To participate please follow the link https://tokenbox.io/, or follow the official Tokenbox Telegram channel https://t.me/Tokenbox.

For TGE there is an early-bird offer with up to 20% bonus in TBX tokens, valid for buyers during the first three hours.

A tailor-made trading terminal, co-created by Tradingview and Tokenbox teams, perfectly balanced multicurrency portfolio, funds’ tokenization, legal transparency and mandatory KYC-verifications are named among the main advantages of the platform.

Tokenbox co-founder, Vladimir Smerkis, announced that the first 10 funds to be registered on the Tokenbox platform will receive a $6 million funding from the Tokenbox team. The amount of investors’ funds planned to be raised at the Token Generation Event is limited to $20 million only.

The amount of managed assets is only limited by the amount of TBX tokens in a portfolio, that is required by the platform’s functionality. Funds and traders should keep the TBX ratio at a minimum 5%.

A rating system will entitle investors to make a balanced decision while choosing a particular fund. It will allow even a small capitalisation fund to compete with larger participants, having a similar rating.

As for the new trading terminal, it is no doubt a tool that the whole cryptomarket longed for. It will give the platform users a gateway into the global digital currency economy, hundreds of currencies on leading exchanges and more than 75 technical indicators from a single account. The software will allow to generate automatic reports for portfolios via messengers. Further development will include price trigger alerts via SMS, E-Mail and In-Browser, as well as third-party services connection.

Vladimir Smerkis, The Token Fund and Tokenbox co-founder: “There is an issue of trust and individual security in the whole system. Our approach is aimed to solve it. We have KYC procedures that everyone needs to pass, such as uploading IDs and database checks. We are in agreement with a number of KYC providers that can perform such checks. We have tokenized our funds, the way it already works at The Token Fund. Funds’ tokens are based on an Ethereum blockchain, ERC-20 standard precisely, and are universal for many services, wallets, and stock exchanges”.

Pavel Salas, regional director at eToro, Tokenbox financial adviser: “Many traditional investors would like to invest into cryptoassets, but don’t know how to enter the market. In my opinion, the Tokenbox can become a company that will open this door for a big number of new investors, help them invest into the cryptoworld safely and in a well-regulated way”.

Professor Wulf Kaal, co-founder of the International Digital Chamber of Commerce, FinTech and LegalTech adviser for Tokenbox: “In my view, the crucial advantage of the platform that I have not seen anywhere else is the combination of KYC for approved traders, legal transparency, ratings in multi-wallets, software security, tokenization choice and smart-contracts with fiat components”.

Tokenbox was already given a “Stable+”, high-quality assets rating category by the ICOrating agency. Top analysts of cryptomarket recommend to buy TBX tokens for long-term portfolios.

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Alt coin NEM and NEO are higher but with no clear trend established in their respective trading charts. Generally, the cryptocurrency space is now stabilizing after last week. Monero and DASH volatility is normal and back to their daily trading ranges.

NEM AND NEO RECOVERS AND IS TESTING 20 PERIOD MA

After testing lows of $0.14 on November 12, the pair gapped higher in response to NEM bulls. NEM closed at $0.19 just along the main support but with a conspicuous long upper wick.

Even though we are still bearish on alt coin NEM as there is a stochastic sell signal, there will be a change of tact if alt coin NEM prices continue to appreciate and there is a strong close above the 20 period MA.

Relative to the lower BB, alt coin NEM prices are correcting higher with those higher lows which beginning on November 2.

DASH DOWN $150 AND IS TESTING AUGUST-SEPTEMBER HIGHS

Fact is, prior to last week’s $263 upswing, DASH daily average range is about $40. Afterwards, following Segwit 2x cancellation and  update to DASH 12.2, it hit highs of $593 within two days. During that time take profit-from Fibonacci extension level drawn from August-September hi-Los- at $520 was triggered.

As mentioned yesterday, it was natural for this correction to happen. A whole candlestick formed outside the upper BB and from previous resistance turned support, price levels between $360 and $410 is a perfect buy zone.

Any long lower wicks irrespective of stochastics signal at this zone will indicate buy pressure and entries can be made in the 4HR chart.

ALT COIN IOTA GIVES IN TO USD BULLS WITH IMMEDIATE SUPPORT AT $0.48

Immediate resistance lies at $0.61. By close of November 13, alt coin IOTA bulls couldn’t push prices higher past resistance.

November 12 candlestick is above the upper BB and price action is now trending lower in respect to that alt coin IOTA over-valuation. Additionally, there is a stochastics sell signal turning from over-bought territory.

This confluence of sell pressure means that USD bulls should initiate sells and aim at $0.48 resistance now support highs of October 9 and 25.

MONERO STABILIZES, USD BULLS TARGETING MAIN SUPPORT AT $105

The market is beginning to stabilize and as sanity returns, Monero and USD bulls are equally strong.

Alt coin Monero price action swung $46 and ended up as a doji candlestick with a sell signal in place. If USD bulls continue to push Monero prices lower then support line at $105 and a retest of main resistance trend line is a feasible bear target.

Intra-day traders should look to initiate short positions only  in lower time frames. Any appreciation above $140 will nullify this bear forecast.

NO CLEAR TREND IN NEM AND NEO. PRICE ACTION CONSOLIDATING

All in all, we can conclude that there is no clear trend. Alt coin NEM and NEO markets are ranging in lower time frames.

As yesterday’s candlestick close, alt coin NEO was still above the support line of $24 at $26. There is a stochastic sell signal in place and alt coin NEO prices are just above the 20 period MA flexible resistance line.

For now, we remain neutral until after a clear trend forms. This will be so especially if price action breaks out from this $10 range.

All charts courtesy of Trading View

The post NEM AND NEO PARE LOSSES AND IS TRADING HIGHER (November 14, 2017) appeared first on NEWSBTC.

Guarda wallet came to the market with a simple yet innovative idea to make crypto-funds safe and secure. The private keys are securely stored in devices; the exchange process can be implemented inside the wallet interface, and the team recently acquired a trusted partner – Changelly. Thus, the Guarda wallet became the multi-currency wallet with easy access to all of the tokens seamlessly.

Guarda app allows to manage multiple digital currencies all in one place. The tokens can be bought, transferred and stored in just a single app while facilitating the need to purchase tokens.

The team is unstoppable in making life in the crypto-industry easier, and recently announced a new feature – the ability to buy crypto-assets with fiat currencies by simply connecting your credit or debit card to the wallet

With the support from Wemovecoins, the Guarda wallet operates as a multi-functional lightwallet with the ability to buy cryptocurrencies and ethereum-based tokens with the touch of a finger, using a debit or a credit card.

With Guarda entering the market, users do not have to go through complicated extra-steps to acquire their crypto-assets. The Guarda app combines all the necessary solutions inside: crypto-currency purchasing, token purchasing and currency transferring directly to smart contracts. With all the easy steps, it is finally simple to make any transactions while avoiding the endless sign-ups on different platforms.

“We are very pleased to partner with such a strong market player as Wemovecoins. The clients will be finally provided with a full range of services to use cryptocurrencies, including their acquisition. Moreover, it will enable to purchase tokens directly from the application using a credit card.” — Ondrej Horaček, Product Manager at Guarda.

“With the expansion of our partner network, we hope to amplify accessibility of the crypto-assets, and we believe that our cooperation with Guarda will be mutually beneficial and helpful to users of the wallet.” — Fredrik Grothe-Eberhardt, CEO of WeMoveCoins

The post Get tokenized with fiat. Guarda wallet announces the option to buy tokens with a credit card. appeared first on NEWSBTC.

A deputy director from the Central Bank of Iran is reviewing the country’s cryptocurrency policy amid a wider fintech push.

HydroMiner ICO ends on a high note

Austrian advocate for eco-friendly crypto mining HydroMiner will finish on November 15th, at 12.00 Vienna local time. It is already clear that HydroMiner is the most successful ICO from Austria so far.

Picking up where it left off in a blazingly quick presale sell out on 25 September that raised 1,500 ETH in 36 minutes, the HydroMiner public ICO witnessed an even more spectacular opening day on 18 October. Within moments of being available, hundreds of participants snapped up H2O tokens to raise a record 1,874 ETH in just half an hour.

Until today, HydroMiner has raised over 8,000 Ether from 3,600 participants.

So this is the last chance to participate in the token sale and profit from the green mining made in Austria. Contributors still get a 5% bonus, even if they come to HydroMiner in the last minute. You have to whitelist your email address and Ethereum wallet here to join the token sale.

About HydroMiner, the green cryptocurrency mining start-up

HydroMiner started life little over a year ago as a modest mining rig run by sisters Nadine and Nicole Damblon in their own apartments in Austria. It has since grown into a professional-scale mining operation powered by carbon-neutral hydro-power stations in the Austrian Alps.

It was here that they hit upon the idea of solving the unsustainability of an increasingly power-hungry mining industry thanks to exponentially increasing difficulty. Austria leads the world in renewable energy, generating the most renewable energy among EU countries. Currently, over 670 run-of-river power plants and 1,800 small-scale hydro power stations generate more than 60% of Austria’s electricity.

Hydro power is not only cheaper, it results in more savings when used as part of a flowing river water-based cooling system. It also has a carbon footprint 100 times smaller than that of conventional fossil fuel.

The HydroMiner ICO

The HydroMiner token sale raises funds to finance an expansion of mining capacity through the rental of more hydro power stations. Its tokenized model will also allow investors to participate in an industry-first initiative in eco-friendly crypto mining.

HydroMiner’s H2O tokens are vouchers that can be exchanged into mining time starting in February 2018. One H2O gives you access to 5kwH of mining output over 24 months, ensuring long term profitability.

The post Last Chance to Participate in HydroMiner’s Token Sale to Profit from Green Mining appeared first on NEWSBTC.

Key Highlights

• Ripple price is recovering and recently moved above the $0.2040 level against the US Dollar.
• Yesterday’s highlighted two bearish trend lines with resistance at $0.2040 were broken on the hourly chart of the XRP/USD pair (data source from Kraken).
• The price is currently above the 100 hourly simple moving average and $0.2050, which is a positive sign.

Ripple price is gaining pace against the US Dollar and Bitcoin. XRP/USD might continue to move higher toward the $0.2100 and $0.2150 levels.

Ripple Price Support

It seems like a decent recovery is triggered from the $0.1970 swing low in Ripple price against the US Dollar. The price has managed to move above a couple of important resistances such as $0.2000 and $0.2030. There was a push above the 38.2% Fib retracement level of the last drop from the $0.2238 high to $0.1900 low. It opened the doors for more gains, and the price settled above the 100 hourly simple moving average and $0.2050.

The best part was a break above yesterday’s highlighted two bearish trend lines with resistance at $0.2040 on the hourly chart of the XRP/USD pair. The pair is now above the 50% Fib retracement level of the last drop from the $0.2238 high to $0.1900 low. It might continue to gain pace toward $0.2100 in the near term. Any corrections or dips from the current levels might find support near $0.2040 and the 100 hourly simple moving average.

Moreover, the broken trend lines could provide support near $0.2020 followed by $0.2000. Therefore, there are chances of more gains in XRP as long as the price is above the $0.2000 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is well above the 50 level and moving higher.

Major Support Level – $0.2040

Major Resistance Level – $0.2150

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Showing Positive Signs appeared first on NEWSBTC.

Higher volume options exchange launched by CME group could prove pivotal in allowing bears to be against the price of Bitcoin. But beware bear traps.

SegWit2x got canceled, and with it probably the most heated “battle” in the Bitcoin space thus far draws to a close. There are many lessons to be learned from this ordeal as well as some other forks that are happening around Bitcoin – what constitutes “consensus” in the community, how will the future forks be handled and so on. One important aspect I haven’t seen discussed as much currently is the ongoing issue of fork-proof replay protection – a feature that caused some controversy by its absence in SegWit2x and made Bitcoin Gold a laughing stock when they created a bounty for it very close to their forking date.