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Vontobel and Leonteq Securities Launch Bitcoin Futures – Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Vontobel and Leonteq Securities Launch Bitcoin Futures
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Switzerland-based companies Vontobel and Leonteq Securities AG are launching separate futures products that will allow customers to bet against the price of the leading cryptocurrency Bitcoin. The product launchings come amidst the growing interest in …
Swiss Firms to Let Traders Short Bitcoin With New Futures ProductsCoinDesk
Swiss Help Bitcoin Bears Profit With World’s First Short NotesBloomberg
Switzerland Introduces New Bitcoin Futures ProductsHacked

all 5 news articles »


Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)

Vontobel and Leonteq Securities Launch Bitcoin Futures
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Switzerland-based companies Vontobel and Leonteq Securities AG are launching separate futures products that will allow customers to bet against the price of the leading cryptocurrency Bitcoin. The product launchings come amidst the growing interest in ...
Swiss Firms to Let Traders Short Bitcoin With New Futures ProductsCoinDesk
Swiss Help Bitcoin Bears Profit With World's First Short NotesBloomberg
Switzerland Introduces New Bitcoin Futures ProductsHacked

all 5 news articles »

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in RussiaA major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations. Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market Japanese Exchange Eying […]

The post High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia appeared first on Bitcoin News.

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia

A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says “demand is huge” and urges Russia to look at Japan as a model for cryptocurrency regulations.

Also read: Sberbank Apologizes for Buying Nearly All Graphics Cards on the Russian Market

Japanese Exchange Eying Russian Market

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in RussiaQuoine, which operates the cryptocurrency exchange Quoinex, is looking to enter the Russian crypto market, CEO Mike Kayamori told Russian news outlet Ria Novosti in an interview at the company’s headquarters in Tokyo this week. The exchange currently supports BTC, BCH, and ETH. At the end of September this year, the company became one of the first of eleven in Japan to receive approval by the Financial Services Agency (FSA).

“The volume of our transactions last month amounted to 7-8 billion dollars in one month,” Kayamori revealed, adding that his exchange is actively looking for opportunities in Russia. He said:

I would like to work with someone in Russia, where we can also provide technology and a platform. Demand is huge.

High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in RussiaCurrently, “we do not work in Russia because we do not know how regulation there is. All the unknowns are a risk,” he added. “Therefore we would like to cooperate with any Russian progressive company that would be interested in cryptocurrency.”

The exchange has been actively expanding its operations of late. According to the CEO, the company is in talks with a number of foreign exchanges and financial institutions in countries such as the Philippines, South Korea, and China. Recently, Quoine partnered with fintech startup Blockwave to start cryptocurrency operations in Canada.

Russian Could Learn from Japan

As for expanding into Russia, Kayamori believes that “the most important thing is for the government to be consistent, to have confidence in what is good and what is bad.” He elaborated:

The Russian authorities and Russian institutions should simply look at Japan, on the existing guidelines and regulations, and then transfer them to Russia. Singapore is also looking at how it is done in Japan, because Japan is one step ahead.

Kayamori is not the only one suggesting looking at Japan as a model. In July, news.Bitcoin.com reported on Russian politician and the Presidential Commissioner for Entrepreneurs’ Rights, Boris Titov, proposing for the central bank to follow the Japanese model in regulating cryptocurrencies.

Currently, the Russian government is working on a regulatory framework for cryptocurrencies and initial coin offerings (ICOs). The regulations need to be implemented by July of next year, according to a mandate by president Vladimir Putin. This week, the Deputy Finance Minister announced that the bill should be ready by February.

Do you think more Japanese exchanges will want to expand into Russia? Let us know in the comments section below.


Images courtesy of Shutterstock


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The post High Demand Prompts Japanese Bitcoin Exchange to Seek Partner in Russia appeared first on Bitcoin News.

DASH AND MONERO SPINNING TOPS

After last week’s mega rally DASH and Monero appears to be topping with equal bullish and bearish pressure. As noted, three consecutive dojis have formed over the past three days forming spinning tops. We still retain our bullish skew provided that prices reverse around key Fibonacci levels with a buy signal in place either in … Continue reading DASH AND MONERO SPINNING TOPS

The post DASH AND MONERO SPINNING TOPS appeared first on NEWSBTC.

After last week’s mega rally DASH and Monero appears to be topping with equal bullish and bearish pressure. As noted, three consecutive dojis have formed over the past three days forming spinning tops. We still retain our bullish skew provided that prices reverse around key Fibonacci levels with a buy signal in place either in the daily or 4HR time frame.

Let’s look at the charts:

NEM GAINS $0.08 AND CLOSES ABOVE THE SUPPORT LINE

alt coin NEM Daily chart
NEMUSD Daily Chart for November 17, 2017

By moving $0.08 yesterday, NEM bulls confirmed the previous day bull candlestick and ended up closing above the support of $0.20.

Secondly, despite the upper long wick showing USD bulls, the fact that NEM prices are above the 20 period MA show that price action is pro-bulls.That is expected. In fact bulls should be ramping up their long positions in shorter time frames.

The short term goal for NEM bulls is to push prices above the main resistance trend lines above $0.22.

DASH TEST THE LOWER LIMIT OF THE BUY ZONE BUT CLOSES HIGHER

alt coin DASH Daily chart
DASHUSD Daily Chart for November 17, 2017

If anything, DASH price action characteristics mean that over the past three days, price action have been moving within a $107 range. That is huge.

The most important thing though is that DASH prices are consistently closing above August highs and triggering any buy limits set between the $370 and $410. $368 is the lowest price in the last three days and is acting as a solid support.

As per our recommendation, the general trend is bullish and as such, any break above $450 means bulls are in charge and we advise long entry then.

IOTA TESTS RESISTANCE AT $0.80 AUGUST 23 LOWS

alt coin IOTA Daily chart
IOTUSD Daily Chart for November 17, 2017

With a $0.19 swing yesterday, IOTA was more volatile compared to November 15 when price action surged past the main resistance line at $0.61. However, with November 15 and 16 closing above the upper BB, it means there is temporary   IOTA over-valuation.

In lower time frames, there is an obvious bear divergence with a clear stochastic sell signal. However, in any case, a $0.25 gain for the week means we are buying the body and fading the wicks at both ends of the candlesticks.

IOTA bulls should take their profits today.

MONERO PRICES MOVING WITHIN A WEDGE

alt coin Monero Daily chart
Monero Daily Chart for November 17, 2017

Overly, Monero price movements were less volatile. A clear bear pin bar at overbought territory is clear after yesterday’s price action. This shows USD bulls continue to push for equilibrium. Therefore Monero traders should wait for clear cut opportunities before entry.

As we notice, the Fibonacci retracement levels between 38.2% and 61.8% will define our buy zone. Any buy stochastic buy signal after prices trickle lower below $117 in the 4HR chart means we enter long. By doing that traders shall be in sync with the bullish trend in the weekly chart.

NEO CONTINUES ITS HORIZONTAL CONSOLIDATION

alt coin NEO Daily chart
NEOUSD Daily Chart for November 17, 2017

It doesn’t matter how NEO price action turns out to be. At the moment, the most important thing is where the close is at.

As we note, the main resistance trend line and the 20 period MA are now acting as our support. We are still within a $10 range. This means NEO is still ranging horizontally with no definitive break above $30 to signal NEO bull pressure.

Generally, NEO price action and stochastics are drifting upwards. Because of this, intraday traders should only take long positions in the lower time frames.

All charts courtesy of Trading View

The post DASH AND MONERO SPINNING TOPS appeared first on NEWSBTC.

Ethereum Classic Price Technical Analysis – ETC/USD to Gain Momentum?

Key Highlights Ethereum classic price is slowly moving higher and is currently trading above $16.00 against the US Dollar. There was a break above a major bearish trend line with resistance at $16.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might continue to move higher if there is … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD to Gain Momentum?

The post Ethereum Classic Price Technical Analysis – ETC/USD to Gain Momentum? appeared first on NEWSBTC.

Key Highlights

  • Ethereum classic price is slowly moving higher and is currently trading above $16.00 against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $16.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair might continue to move higher if there is a clear break of the $17.50 resistance.

Ethereum classic price is gaining momentum against the US Dollar and Bitcoin. ETC/USD has to move above $17.50 to accelerate gains in the near term.

Ethereum Classic Price Uptrend

We saw a decent correction in ETC price after an upside ride toward $21.50 against the US Dollar. The price corrected towards the $15.00 support before finding buyers and starting a new uptrend. There was a decent rise from the $15.00 and the price is now placed above the $16.00 level. It has moved above the 23.6% Fib retracement level of the last decline from the $19.20 high to $15.52 low.

Moreover, there was a break above a major bearish trend line with resistance at $16.50 on the hourly chart of the ETC/USD pair. The pair is currently trading above the $16.50 level and the 100 hourly simple moving average. However, the 38.2% Fib retracement level of the last decline from the $19.20 high to $15.52 low is currently acting as a resistance. It has to gain pace above $17.50 and the 50% Fib retracement level of the last decline from the $19.20 high to $15.52 low to trade toward $19.00 or even $20.00.

Ethereum Classic Price Technical Analysis ETC USD

On the downside, the broken resistance near $16.50 is a support zone along with the 100 hourly SMA. As long as the price is above the same, it could gain pace and move above $17.50.

Hourly MACD – The MACD for ETC/USD is slightly in the bullish zone.

Hourly RSI – The RSI for ETC/USD is placed well above the 50 level.

Major Support Level – $16.50

Major Resistance Level – $17.50

 

Charts courtesy – Trading View, Kraken

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