Day: February 5, 2018

A financial regulator in the UAE has issued a warning to investors on the risks of participating in token sale activities.

In a podcast interview with Unikrn CEO Rahul Sood, CEO of Bittrex cryptocurrency exchange Bill Shihara announced the exchange would add USD trading and soon reopen user signups for “sophisticated traders.“ #NEWS

This detailed analysis of enterprise blockchain reveals a number of reason why enterprise blockchain may be on the verge of its mainstream moment.

The yearly Super Bowl event is mainly known for its interesting commercial and half-time shows. Even though it’s sports event watched by millions around the world, the ads are always most talked about. This year, we have seen a surprising as by TD Ameritrade talking about Bitcoin futures. This took a lot of people by surprise. Additionally, there’s also a negative report involving AML Bitcoin’s allegedly rejected Super Bowl ad.

Ensuring Bitcoin gains mainstream traction has been very difficult so far. The general public still sees cryptocurrency as something negative. Especially with the Bitcoin price tanking, the overall sentiment hasn’t improved much. Big was everyone’s surprise when a TD Ameritrade advertisement showed up during the event. More specifically, it is an advertisement by the bank involving Bitcoin futures contracts. The company joins the Bitcoin futures bandwagon, by the look of things. It is unclear how successful this new venture will be.

More competitors on the Bitcoin futures market can only be a good thing. After all, it seems to create a bullish case for the world’s leading cryptocurrency right now. With multiple competitors in this market, interesting things will happen. TD Ameritrade embarks on a very intriguing mission in this regard.  So far, Bitcoin futures have not made much of an impact on the market. This latest Super Bowl ad may effectively move things along rather nicely.  

Super Bowl commercial shows @TDAmeritrade shilling #bitcoin futures pic.twitter.com/mVYjl7sUpW

— Whalepool (@whalepool) February 4, 2018

There is also some negative Bitcoin-related news. More specifically, AML Bitcoin claims their Super Bowl ad was rejected. It seems this claim is entirely false, according to Buzzfeed. Their “version” of Bitcoin focuses on AML and KYC compliance at the protocol level. AML Bitcoin’s team claims how both the NFL and NBC rejected their ad for being “too political”. However, NBC never rejected the ad because it was never even submitted to the company in the first place. It is evident this is a grab for attention by AML Bitcoin. So far, it has backfired in many different ways.

It is evident the Super Bowl attracts a lot of attention. This is also true in the world of Bitcoin and other cryptocurrencies. Making false claims regarding ads being rejected is clearly not the way to move forward. The TD Ameritrade ad, on the other hand, is rather intriguing.Whether or not any of this will have an impact on the Bitcoin price, remains to be seen. The world’s leading cryptocurrency will need all the help it can get right now. So far, the year 2018 has been off to a very bad start. As is usually the case, however, things can still turn around.

The post Bitcoin-Related Super Bowl Ads Spark Some Major Discussions appeared first on NewsBTC.

As cryptocurrencies across the board once again take a hit, bitcoin is exploring the downside below $8,000.

Key Highlights

• ADA price recovered recently, but it failed to stay above $0.5000 against the US Dollar (tethered).
• There is a new major declining channel forming with resistance at $0.4140 on the hourly chart of ADA/USD (data feed via Bittrex).
• The pair is currently holding a major support area near the $0.3400-0.3500 levels.

Cardano price is struggling to gain upside momentum against the US Dollar and Bitcoin. ADA/USD has to move above the $0.4200 to gain traction.

Cardano Price Resistance

There was a decent bounce in ADA price from the $0.2900 level against the US Dollar. The price traded above the $0.3000 and $0.4000 resistance levels. It even traded above the $0.5000 level, but it failed to remain above the $0.5000 level. ADA made a short-term top at $0.5185 and started a downside move. It broke the $0.4000 support to trade near the $0.3500 support area.

A low was formed at $0.3505 and it seems like the price is looking to trade higher. It is testing the 23.6% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low. More importantly, there is a new major declining channel forming with resistance at $0.4140 on the hourly chart of ADA/USD. The pair has to break the channel resistance at $0.4140-0.4200 to gain upside momentum. Moreover, it has to clear the 38.2% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low.

A successful close above the $0.4200 level could open the doors for more gains. ADA price could move above the $0.5000 level in the mentioned scenario. An intermediate resistance is near $0.4500 and the 61.8% Fib retracement level of the last decline from the $0.5185 high to $0.3505 low. On the downside, the $0.3500 support holds a lot of importance in the short term.

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

Hourly RSI – The RSI for ADA/USD is just below the 50 level.

Major Support Level – $0.3500

Major Resistance Level – $0.4200

Charts courtesy – Cryptowat, Bittrex

The post Cardano Price Technical Analysis – Can ADA/USD Hold $0.3500? appeared first on NewsBTC.