Archive | November 16, 2017

Bitcoin Emerges as Crisis Currency in Hotspots – Bloomberg

Bitcoin Emerges as Crisis Currency in HotspotsBloombergZimbabwe, 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

BloombergFrom Bitcoin to Global Equities, It’s Risk-On Again in MarketsBloombergSure 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 […]

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. […]

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 […]

Publicly Traded NAGA Group Welcomes Miko Matsumura to ICO Advisory Board

Matsumura joins’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, […]

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.

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 […]

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

FuturismBitcoin Passes $8000 For the First Time in HistoryFuturismJust 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.