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Bitcoin Emerges as Crisis Currency in Hotspots – Bloomberg

Bitcoin Emerges as Crisis Currency in Hotspots
Bloomberg
Zimbabwe, where the price of bitcoin spiked to double the international rate after this week’s military takeover, shows Jamie Dimon, Axel Weber and other cryptocurrency skeptics where the real-world use of bitcoin, and possibly its future, lies. It’s

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Bitcoin Emerges as Crisis Currency in Hotspots
Bloomberg
Zimbabwe, where the price of bitcoin spiked to double the international rate after this week's military takeover, shows Jamie Dimon, Axel Weber and other cryptocurrency skeptics where the real-world use of bitcoin, and possibly its future, lies. It's ...

and more »

From Bitcoin to Global Equities, It’s Risk-On Again in Markets – Bloomberg


Bloomberg

From Bitcoin to Global Equities, It’s Risk-On Again in Markets
Bloomberg
Sure enough, across asset classes the week is ending with a bounce-back from recent sell-offs in equities, higher-risk bonds and Bitcoin. It’s been a long time since Japan led global dynamics, but nevertheless the equity retreat that appeared most

and more »


Bloomberg

From Bitcoin to Global Equities, It's Risk-On Again in Markets
Bloomberg
Sure enough, across asset classes the week is ending with a bounce-back from recent sell-offs in equities, higher-risk bonds and Bitcoin. It's been a long time since Japan led global dynamics, but nevertheless the equity retreat that appeared most ...

and more »

Ripple Price Technical Analysis – XRP/USD Surges Higher

Key Highlights Ripple price gained heavy bids and moved above $0.2500 against the US Dollar before correcting lower. There is a bearish trend line forming with resistance at $0.2350 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might continue to move higher and it remains supported above the $0.2100 … Continue reading Ripple Price Technical Analysis – XRP/USD Surges Higher

The post Ripple Price Technical Analysis – XRP/USD Surges Higher appeared first on NEWSBTC.

Key Highlights

  • Ripple price gained heavy bids and moved above $0.2500 against the US Dollar before correcting lower.
  • There is a bearish trend line forming with resistance at $0.2350 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price might continue to move higher and it remains supported above the $0.2100 level.

Ripple price gained heavy bullish momentum against the US Dollar and Bitcoin. XRP/USD remains in an uptrend above the $0.2100 support area.

Ripple Price Rally

There was a sharp upside move in Ripple price above the $0.2150 level against the US Dollar. The upside move was strong as the price was able to break the $0.2400 and $0.2500 resistance levels. It traded close to the $0.2700 level before it faced solid offers. A high was formed near $0.2660 and later the price started a downside correction. The dip was massive and the price trimmed most of its gains to trade back towards $0.2100.

The mentioned $0.2100 support area acted as a support along with the 100 hourly simple moving average. The price is now moving back higher and already broke the 23.6% Fib retracement level of the last decline from the 0.2660 high to $0.2065 low. On the upside, there is a bearish trend line forming with resistance at $0.2350 on the hourly chart of the XRP/USD pair. The same trend line is near the 50% Fib retracement level of the last decline from the 0.2660 high to $0.2065 low.

Ripple Price Technical Analysis XRP USD

Therefore, the $0.2350 level is a decent resistance for the next move. On the downside, an initial support is near $0.2180. However, the most important support is close to the $0.2120 level and the 100 hourly SMA.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still above the 50 level and showing positive signs.

Major Support Level – $0.2120

Major Resistance Level – $0.2350

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Surges Higher appeared first on NEWSBTC.

Ethereum Price Technical Analysis – ETH/USD Corrects Lower

Key Highlights ETH price started a minor correction from the $337.65 swing high against the US Dollar. There was a break below yesterday’s highlighted major bullish trend line with support at $326.50 on the hourly chart of ETH/USD (data feed via SimpleFX). The price tested the $318 support area where appeared and protected further declines. … Continue reading Ethereum Price Technical Analysis – ETH/USD Corrects Lower

The post Ethereum Price Technical Analysis – ETH/USD Corrects Lower appeared first on NEWSBTC.

Key Highlights

  • ETH price started a minor correction from the $337.65 swing high against the US Dollar.
  • There was a break below yesterday’s highlighted major bullish trend line with support at $326.50 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The price tested the $318 support area where appeared and protected further declines.

Ethereum price moved a few points down against the US Dollar and Bitcoin. ETH/USD is currently above $326 and facing hurdles on the upside.

Ethereum Price Resistance

There was no major move above the $336-337 resistance in ETH price against the US Dollar. The price started a downside move and traded below the 38.2% Fib retracement level of the last wave from the $306.73 low to $337.65 high. More importantly, there was a break below yesterday’s highlighted major bullish trend line with support at $326.50 on the hourly chart of ETH/USD.

It has opened the doors for further corrections as long as the price is below $336-337. The last downside wave was protected by the $318 support and the 50% Fib retracement level of the last wave from the $306.73 low to $337.65 high. Moreover, the 100 hourly simple moving average near $318.50 acted as a support and prevented declines. The pair is now moving back higher and is currently trading above $326. On the upside, there is a connecting bearish trend line with resistance at $328.50.

Ethereum Price Technical Analysis ETH USD

As long as the price is below the $336 and $337 levels, there is a chance of another downside move back toward $322. However, any major declines below $318 and 100 hourly simple moving average should be limited. There can be a couple of swing moves below $336 before the price attempts the next move.

Hourly MACD – The MACD is mostly flat with minor bullish signals.

Hourly RSI – The RSI is currently just above the 50 level with no major bearish signal.

Major Support Level – $318

Major Resistance Level – $337

 

Charts courtesy – SimpleFX

The post Ethereum Price Technical Analysis – ETH/USD Corrects Lower appeared first on NEWSBTC.

For Bitcoin, is being a store of value more important than a payment system?

The drama surrounding Bitcoin in recent times has almost entirely revolved around conflicting opinions on how the network should scale to accommodate increasing demand and reduce transaction delays. After years of debate the two sides remain — those wh…

The drama surrounding Bitcoin in recent times has almost entirely revolved around conflicting opinions on how the network should scale to accommodate increasing demand and reduce transaction delays. After years of debate the two sides remain — those who believe Bitcoin to be a digital cash-like payment system, and others who primarily view it as a store of value, like gold.

Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down

Key Points Bitcoin cash price broke down and traded below the $1000 handle against the US Dollar. This week’s highlighted bearish trend line with current resistance at $1050 is in place on the hourly chart of BCH/USD (data feed from Kraken). The price is currently recovering but it will most likely face sellers near $1050 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down

The post Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down appeared first on NEWSBTC.

Key Points

  • Bitcoin cash price broke down and traded below the $1000 handle against the US Dollar.
  • This week’s highlighted bearish trend line with current resistance at $1050 is in place on the hourly chart of BCH/USD (data feed from Kraken).
  • The price is currently recovering but it will most likely face sellers near $1050 and $1100.

Bitcoin cash price traded lower sharply below $1000 against the US Dollar. BCH/USD is now under pressure and remains sell on rallies.

Bitcoin Cash Price Resistance

There was no major recovery in bitcoin cash price yesterday above $1200 against the US Dollar. The price started a sharp downside move and traded below a couple of important support levels like $1050 and $1000. The decline was strong and the price traded close to $800. A low was formed near $835 from where a recovery wave is initiated. The price has moved above the 23.6% Fib retracement level of the last drop from the $1220 high to $835 low.

However, this week’s highlighted bearish trend line with current resistance at $1050 is in place on the hourly chart of BCH/USD. The same trend line resistance is near $1050. So, the previous support at $1050 may now act as a resistance for buyers in the near term. It also coincides with the 50% Fib retracement level of the last drop from the $1220 high to $835 low.

Bitcoin Cash Price Technical Analysis BCH USD

The current recovery is positive, but a break below $1050 was negative. Therefore, bitcoin cash price might continue to face sellers near $1050 and $1100. On the downside, an initial support is around $900. Below $900, the price will most likely retest the recent low of $835.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is still in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is recovering from the overbought levels, but it is below 50.

Major Support Level – $850

Major Resistance Level – $1050

 

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Down appeared first on NEWSBTC.

Publicly Traded NAGA Group Welcomes Miko Matsumura to ICO Advisory Board

Matsumura joins Bitcoin.com’s Roger Ver and Mate Tokay in march to ICO for German FinTech company NAGA Group. Hamburg, Germany, November 16, 2017 – German FinTech company The Naga Group AG announced today that Miko Matsumura, well-known crypto asset expert has joined NAGA’s board of advisors. Founders and Executive Directors of The NAGA Group AG, Benjamin Bilski and Yasin Sebastian Qureshi expressed their pleasure with this latest development: “We are delighted to have Miko Matsumura supporting the inception of our crypto-ecosystem. Miko brings in a vast experience and deep understanding of crypto-economies. The NAGA ecosystem will significantly benefit from his

Matsumura joins Bitcoin.com’s Roger Ver and Mate Tokay in march to ICO for German FinTech company NAGA Group.

Hamburg, Germany, November 16, 2017 – German FinTech company The Naga Group AG announced today that Miko Matsumura, well-known crypto asset expert has joined NAGA’s board of advisors.

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

“We are delighted to have Miko Matsumura supporting the inception of our crypto-ecosystem. Miko brings in a vast experience and deep understanding of crypto-economies. The NAGA ecosystem will significantly benefit from his unique and revolutionary way of thinking.”

Miko Matsumura has claimed: “I’m excited about the Naga Group’s token sale because it has proven products, revenue and is already a publicly traded company (ETR:N4G). This gives the Naga group tremendous legitimacy and a very unique position in the industry. I am impressed by their well-designed token model based on real economic fundamentals and a solid pre-existing customer base which will produce what I call the tokenized flywheel effect.”

Miko Matsumura

Miko Matsumura is the founder of the cryptocurrency exchange Evercoin and is a Limited Partner with the Pantera Capital ICO Fund, a $100M ICO-only fund. He is personally invested in FileCoin, Brave, CIVIC, Propy, Polymath, Celsius, Wala and Lyft. As Chief Java Evangelist for Sun Microsystems, he participated in the first wave of the Internet and is now fully engaged in the crypto-fueled Internet of Value.

A 25 year operating exec in Silicon Valley, Matsumura has raised over $50 million in capital for Open Source startups. He currently advises cryptocurrency startups like WiFiCoin, Guardian Circle (Decentralized Global 911 Emergency Services) and Hub (Decentralizing Professional Social Networking), Celsius (Ether Lending), Playkey (Gaming), Wala (Crypto Banking), and Pundi X (Payments). He is also an LP with Focus Ventures, a firm with over $800M under management, 9 IPOs and 44 exits.

Matsumura holds a Master’s degree in Neuroscience from Yale University where he worked on abstract computational neural networks. He leads the Crypto Underground meetup in San Francisco and will be speaking at the upcoming Token Fest as well as keynoting at ICOnference NYC, Blockchain Life in St. Petersburg Russia, Global Blockchain Summit, The Future of Money Summit, and Coin Agenda in Las Vegas.

NAGA Token Sale

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 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 following them on Facebook, Twitter, LinkedIn, BitcoinTalk, and Telegram.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Europe’s Executive Arm Issues Report on Blockchain For Education

EU Commission has released a report titled ‘Blockchain in Education’ that explains on potentials of the nascent technology in the education industry.

EU Commission has released a report titled ‘Blockchain in Education’ that explains on potentials of the nascent technology in the education industry.

Bitcoin Price Technical Analysis for 11/17/2017 – New Highs Yet Again!

Bitcoin price is establishing new record highs and the Fibonacci extension levels show the next upside targets.

The post Bitcoin Price Technical Analysis for 11/17/2017 – New Highs Yet Again! appeared first on NEWSBTC.

Bitcoin Price Key Highlights

  • Bitcoin price is at it again, breaking past the latest set of highs to close in on the $8000 handle.
  • Revisiting the Fib extension levels shows how high bitcoin price could go from here.
  • Price is already testing the 50% extension level but technical indicators show strengthening bullish momentum.

Bitcoin price is establishing new record highs and the Fibonacci extension levels show the next upside targets.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on the daily time frame so the path of least resistance is to the upside. Moreover, the gap between the moving averages is widening to reflect stronger bullish pressure.

In that case, bitcoin price could aim for the 61.8% extension at $8638 or head to the 76.4% extension at $9352. The full extension is located at $10,506.54 and several analysts actually expect bitcoin to reach the $10,000 levels before year end.

Stochastic is on the move up to show that buyers are in control of price action. RSI has more room to climb so bitcoin price could keep following suit until both indicators turn from oversold levels.

Market Factors

Bitcoin has been shrugging off naysayers claiming that the bubble is about to burst as it continued its stellar rebound even after the suspension of the network upgrade. The core version has managed to outpace other rival versions like bitcoin cash and bitcoin gold so far.

For instance, bitcoin cash has been down more than 25% in under 48 hours even as the core version was unable to push through with the upgrade that would’ve doubled the transaction capacity of the network. Many believe that this upgrade is still bound to take place sooner or later and are pricing in expectations for a likely pickup in demand then.

The rise in volumes, supported by increasing investor interest, has been seen as the main factor spurring gains. According to CoinMarketCap.com, cryptocurrency markets have seen in excess of $10 billion in trading volume in the past 24 hours.

 

The post Bitcoin Price Technical Analysis for 11/17/2017 – New Highs Yet Again! appeared first on NEWSBTC.

Bitcoin Price Analysis – Institutional buying on the horizon

Bitcoin (BTC) continued to push a new all time high today after completely recovering from the 30% correction less than a week ago. The market cap now stands at US$131 billion, with US$5 billion in trading volume over the past 24 hours.

Bitcoin (BTC) continued to push a new all time high today after completely recovering from the 30% correction less than a week ago. The market cap now stands at US$131 billion, with US$5 billion in trading volume over the past 24 hours.

XRP Surges as AMEX Teams up with Ripple

XRP Ripple: XRP had a rollercoaster ride on Thursday on the news that American Express has teamed up with Ripple for cross-border payments. This partnership with Ripple will enable instant blockchain-based payments for U.S. corporate customers sending funds to U.K.-based businesses that bank with Santander U.K. How did XRP Ripple React? XRP surged to the one-month high … Continue reading XRP Surges as AMEX Teams up with Ripple

The post XRP Surges as AMEX Teams up with Ripple appeared first on NEWSBTC.

XRP Ripple: XRP had a rollercoaster ride on Thursday on the news that American Express has teamed up with Ripple for cross-border payments.

This partnership with Ripple will enable instant blockchain-based payments for U.S. corporate customers sending funds to U.K.-based businesses that bank with Santander U.K.

How did XRP Ripple React?

XRP surged to the one-month high level of $0.2668 as the Ripple-AMEX partnership news broke out. However, it quickly erased most of the gains and closed Thursday’s trading session at the key pivot level of 0.2233. It then started Friday’s Asian session below the Ichimoku cloud. The future cloud on Ichimoku Kinko Hyo’s daily setup remains flat, although slightly bearish.

XRP-Ripple-Technical-Analysis
XRP-Ripple-Technical-Analysis

With this, we could expect XRP’s range trade to continue for a bit more longer against the US dollar. The median range price for the pair appears to be between the 23% and 61% Fibonacci retracement levels at 0.1890 and 0.2790 respectively.

The Fibonacci setup retraces the major downtrend XRP saw after its ICO price of 0.3729, all the way down to the all-time-low price of 0.13.

Tell Me More about the Ripple-AMEX Collaboration

The Ripple-AMEX blockchain project allows payments made by American Express’ business customers on its  FX International Payments (FXIP) platform to be routed through Ripple’s enterprise blockchain network.

With this, Ripple believes that its cryptocurrency, XRP, will “come into play” as a means of speeding up payments later on down the line. This could explain the initial surge as the news broke out.

This marks one of the first major uses of the blockchain industry. Financial firms hope the technology can reduce the cost and complexity of processes such as securities settlement and international payments.

In a statement Ripple’s CEO Brad Garlinghouse said that transfers that used to take days “will be completed in real time.”

American Express’s chief information officer Marc Gordon said in a statement that American Express has “a long history of integrating new technologies,”  and that this collaboration with Ripple and Santander “represents the next step forward on our blockchain journey, evolving the way we move money around the world.”

Should this channel prove successful and expand, it could lead a shift in the industry towards further blockchain development.

 

The post XRP Surges as AMEX Teams up with Ripple appeared first on NEWSBTC.

Bitcoin Passes $8000 For the First Time in History – Futurism


Futurism

Bitcoin Passes $8000 For the First Time in History
Futurism
Just weeks after crossing the $7,000 milestone, bitcoin surged to a new all-time high on November 16, peaking at $8020 on the Bitfinex exchange. This marked the first time the cryptocurrency’s value passed the $8,000 mark, though it dropped back down


Futurism

Bitcoin Passes $8000 For the First Time in History
Futurism
Just weeks after crossing the $7,000 milestone, bitcoin surged to a new all-time high on November 16, peaking at $8020 on the Bitfinex exchange. This marked the first time the cryptocurrency's value passed the $8,000 mark, though it dropped back down ...

High demand for crypto exchange traded notes in Europe

Exchange traded notes (ETNs) are debt backed securities which offer investors exposure to the change in value of an underlying asset. They are typically listed on public exchanges and can be purchased by any broker with access to the listing exchange.

Exchange traded notes (ETNs) are debt backed securities which offer investors exposure to the change in value of an underlying asset. They are typically listed on public exchanges and can be purchased by any broker with access to the listing exchange.

American Investors Plan to “HODL” Bitcoin Until Price Hits $196000 – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)American Investors Plan to “HODL” Bitcoin Until Price Hits $196000Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)LendEdu commissioned a survey in November 2017 of 564 Americans who …


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

American Investors Plan to “HODL” Bitcoin Until Price Hits $196000
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
LendEdu commissioned a survey in November 2017 of 564 Americans who had invested in Bitcoin. While surveys have been done in the past to gauge the awareness of the general public about Bitcoin, this survey focused on American Bitcoin investors and ...

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