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Japan: The New Heart of Bitcoin – CoinDesk

CoinDeskJapan: The New Heart of BitcoinCoinDeskThere used to be a concern about the longevity of bitcoin, the safety of using such a novel new invention. 2017 is the year that fear died – and Japan is a big part of that reason. Where other countries ha…


CoinDesk

Japan: The New Heart of Bitcoin
CoinDesk
There used to be a concern about the longevity of bitcoin, the safety of using such a novel new invention. 2017 is the year that fear died – and Japan is a big part of that reason. Where other countries have had knee-jerk responses to bitcoin and ...

Japan: The New Heart of Bitcoin

The head of one of Japan’s largest bitcoin exchanges looks back at 2017, a year he believes the country became a true market leader for the industry.

The head of one of Japan’s largest bitcoin exchanges looks back at 2017, a year he believes the country became a true market leader for the industry.

Bitcoin Gold Price Technical Analysis – BTG/USD to Decline Further?

Key Points Bitcoin gold price failed to move above the $260 resistance and declined against the US Dollar. There was a break below a contracting triangle with support at $245 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair might continue to decline toward the $230 and $220 support levels in the … Continue reading Bitcoin Gold Price Technical Analysis – BTG/USD to Decline Further?

The post Bitcoin Gold Price Technical Analysis – BTG/USD to Decline Further? appeared first on NewsBTC.

Key Points

  • Bitcoin gold price failed to move above the $260 resistance and declined against the US Dollar.
  • There was a break below a contracting triangle with support at $245 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair might continue to decline toward the $230 and $220 support levels in the near term.

Bitcoin gold price reacted downside from the $260 resistance against the US Dollar. BTG/USD may now extend declines towards the $220 level.

Bitcoin Gold Price Downside Move

There was a long struggle to break the $260 and $270 resistance levels in bitcoin gold price against the US Dollar. The price failed to settle above the $260 and later started a downside move. It broke the 23.6% Fib retracement level of the last wave from the $208 low to $260 high. The downside move was strong, as the price broke the $250 support and even closed below the 100 hourly simple moving average.

Moreover, there was a break below a contracting triangle with support at $245 on the hourly chart of BTG/USD. This clearly points to an increase in selling pressure below $250 on BTG. The pair is currently trading around the 50% Fib retracement level of the last wave from the $208 low to $260 high. It seems like the price might continue to decline in the near term toward $230 and $220. On the upside, an initial resistance is around $245.

Bitcoin Gold Price Technical Analysis BTG USD

However, the most important resistance is around $250-255. There are two bearish trend lines positioned around $255 on the same chart. Thus, the $255-260 resistance might continue to prevent upsides in bitcoin gold price. On the downside, the next major support is at $220 followed by $200.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is moving lower towards the 30 level.

Major Support Level – $220

Major Resistance Level – $260

 

Charts courtesy – Trading View, Bitfinex

The post Bitcoin Gold Price Technical Analysis – BTG/USD to Decline Further? appeared first on NewsBTC.

Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash Integration

Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash IntegrationBitpanda (formerly known as Coinimal) is a cryptocurrency broker based in Vienna, Austria that operates brokerage services with dash, litecoin, etheruem, and bitcoin. Now on January 3, Bitpanda has announced fully integrating bitcoin cash (BCH), adding a fifth coin to the company’s token support. Also read: Putin Wants to Use Cryptoruble to Evade Sanctions But Bank […]

The post Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash Integration appeared first on Bitcoin News.

Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash Integration

Bitpanda (formerly known as Coinimal) is a cryptocurrency broker based in Vienna, Austria that operates brokerage services with dash, litecoin, etheruem, and bitcoin. Now on January 3, Bitpanda has announced fully integrating bitcoin cash (BCH), adding a fifth coin to the company’s token support.

Also read: Putin Wants to Use Cryptoruble to Evade Sanctions But Bank of Russia Skeptical

Bitpanda Adds Bitcoin Cash Due to High Demand

Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash IntegrationBitpanda was founded in 2014 by Eric Demuth, Christian Trummer, and Paul Klanschek by offering users brokerage services for bitcoin and other digital assets. Bitpanda hosts a wallet and trading platform that enables users to purchase and sell cryptocurrencies with the euro, credit cards, Skrill, SEPA transfers and more. Just recently the company announced users who left funds on the platform before August 1 were to be credited with BCH. Now due to “high demand” for bitcoin cash after Segwit2x was canceled Bitpanda is offering full BCH support.

“We have launched a full bitcoin cash support including a wallet service — Everything is running smoothly, and we feel ready to announce the 5th fully integrated coin on Bitpanda,” explains the co-founder and CEO Eric Demuth.

BCH Enthusiasts from Europe Can be Connected to 1700 Austrian Postal Partners and Amazon.de Gift Cards

Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash IntegrationAlongside offering full BCH support, Demuth details that bitcoin cash will also be available for its Austrian post office features. Last summer the company revealed that customers using the Bitpanda To Go service could use digital currencies with over 1700 postal partners. At any of the postal partner locations, users can change cash into bitcoin cash worth 50 €, 100 € or 500€.

“Consequently, from now on BCH is also available offline at all Austrian post office branches via our Bitpanda To Go service — Due to our cooperation with the Austrian Post, Bitpanda To Go allows our customers to buy five digital currencies from over 400 post offices and almost 1300 postal partners throughout Austria,” Demuth details.  

All that’s needed, is the email associated with the Bitpanda wallet and the funds will be deposited automatically into the customers wallet.

In addition to the postal services, the company also reveals that bitcoin cash will also be able to be used for Amazon.de service. All bitcoin cash supporters have to do is deposit funds into a verified Bitpanda account and sell the BCH choosing an Amazon Gift card as the payout method explains Demuth.

What do you think about Bitpanda adding bitcoin cash support? Let us know in the comments below.

Disclaimer: Bitcoin.com does not endorse this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, Bitpanda, and Pixabay. 


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The post Austrian Brokerage Service Bitpanda Adds Full Bitcoin Cash Integration appeared first on Bitcoin News.

Bitcoin is neither legal nor illegal in India—and everyone’s confused – Quartz


Quartz

Bitcoin is neither legal nor illegal in India—and everyone’s confused
Quartz
30, 2017, when investor frenzy was at a high with rising bitcoin prices, finance minister Arun Jaitley said the country doesn’t recognise cryptocurrencies as legal tender. Almost a month later, the government cautioned people against investing in them

and more »


Quartz

Bitcoin is neither legal nor illegal in India—and everyone's confused
Quartz
30, 2017, when investor frenzy was at a high with rising bitcoin prices, finance minister Arun Jaitley said the country doesn't recognise cryptocurrencies as legal tender. Almost a month later, the government cautioned people against investing in them ...

and more »