Archive | March 11, 2018

China to Meet With Australia to Deploy Blockchain Technology Commercially

A delegation of top-level Chinese technology executives is visiting Australia this week to explore the future and implementation of blockchain into industry. Australia Hosts First Blockchain Meeting The delegation which is made up of the elite of China’s Fintech companies including Senior managers from Ant Financial, WeBank, JD.com, ZhongAn, Wanxiang and OnChain. The group is being […]

Ripple Price Technical Analysis – XRP/USD Consolidating Above $0.75

Key Highlights Ripple price formed a nice support around $0.7400 and moved a few points higher against the US dollar. There is a major connecting bearish trend line forming with resistance at $0.8300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break $0.8300 and $0.8400 resistance for further […]

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand […]

Bitcoin Price Analysis – All eyes on US$11500 – Brave New Coin

Brave New CoinBitcoin Price Analysis – All eyes on US$11500Brave New CoinAfter banning domestic exchanges in September 2017, China has announced it will begin slowly regulating cryptocurrencies, as opposed to an outright ban. Zhou Xiaochuan, governor of the country’s central bank, the People’s Bank of China, has admitted …and more »

Altcoin Daily Technical Analysis: NEO, EOS, LTC, Monero and Lumens

Most altcoins didn’t recover immediately as expected and even though most are, we shall remain neutral until after there is confirmation of our previous forecast. That might happen today and I’m particularly checking out Monero, NEO and Lumens which are reacting at key support lines. Lumens and LTC for example have been moving horizontally along […]

Bitcoin Is Melting, Again – Seeking Alpha

Bitcoin Is Melting, AgainSeeking AlphaAfter an unsuccessful attempt at the $12,000 resistance level, Bitcoin is melting down once again, slumping by 30% in just a few days. A few distinct developments caused the recent selloff to intensify. People seem…

An influential former bureaucrat thinks India just can’t regulate bitcoin – Quartz

QuartzAn influential former bureaucrat thinks India just can’t regulate bitcoinQuartzIndia’s been grappling with the regulation of cryptocurrencies for a while now, often indicating its aversion to them—yet not banning them. However, a former top finance ministry official insists that bitcoin and its ilk ought not to be allowed at all …

Bitcoin Price Analysis – All eyes on US$11,500

Bitcoin (BTC) has been highly volatile over the past 10 days, with an average daily range frequently exceeding US$1,000. The market cap now stands at US$162.6 billion on US$5.66 billion in trading volume over the past 24 hours. The BTC market cap curre…

Bitcoin Cash Price Technical Analysis – BCH/USD to Trade Higher

Key Points Bitcoin cash price is recovering and is currently trading above $1,100 against the US Dollar. There was a break above a major contracting triangle with resistance at $1,040 on the hourly chart of BCH/USD (data feed from Kraken). The pair is now trading comfortably above the $1,100 level and the 100 hourly simple […]

China’s PBOC Governor Speaks Against Speculative Cryptocurrencies

This week the People’s Bank of China (PBOC) governor, Zhou Xiaochuan, spoke about both public and privately issued cryptocurrencies. Zhou details that the central bank dislikes “speculative cryptocurrency products” and the bank does not officially recognize digital currencies like bitcoin. Further Zhou explains the bank is monitoring projects like bitcoin and initial coin offerings (ICO), […]