In the week starting Monday, March 5, some topical services emerged to bridge cryptocurrencies and investors. The first service is that the U.S. company Coinbase has announced that it will develop and launch its own cryptocurrency index fund with a large market capitalization. Coinbase will list this cryptocurrency index fund on its own digital currency […]
Archive | March 12, 2018
Bitcoin climbs back above $9000MarketWatchThe price for bitcoin moved back above $9,000 on Tuesday, taking along other cryptocurrencies for the ride, in a bid to shed the weakness seen at the start of the week. Bitcoin’s gains come as global equities moved higher, with U.S. stock futures on …
Key Highlights Ripple price is holding a major support area near $0.7500 against the US dollar. There is a monster contracting triangle pattern forming with support near $0.7600 on the hourly chart of the XRP/USD pair (data source from Kraken). On the upside, the pair is facing a major resistance near the $0.8000 resistance and […]
Thailand’s cabinet is set to vote on implementation of a new 10% capital gains tax on profits from cryptocurrency investment. Royal Decree will empower the SEC to regulate digital currencies. New Tax Part of Royal Decree The Thai Revenue Department has asked the cabinet to vote on an amendment to the new revenue code which […]
Another oil backed cryptocurrency is getting set to launch it’s ICO in 2018, this time by a New York capital management group calling this new ground in commodities investment. Commodities Backed PetroDollar Launches in 2018 Signal Capital Management announced the launch of their PetroDollar cryptocurrency (XPD) on March 12. Saying PetroDollars will allow investors to use […]
Bitcoin News (press release)Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%Bitcoin News (press release)Merrick Okamoto, Marathon’s Interim Chief Executive Officer and Chairman of the Board of Directors, stated, “Today’s announcement represents a milestone for the Company. I’d like to thank everyone that worked so hard to make this day a reality for our …Marathon […]
Key Highlights ETH price is trading in a range above the $680 support level against the US Dollar. There is a contracting triangle forming with current support at $684 on the hourly chart of ETH/USD (data feed via Kraken). The pair is facing a crucial resistance on the upside near the $730 level and the […]
The U.S cryptocurrency exchange is easing the crypto tax procedure with a new automatic gain/loss calculator.
According to unnamed sources in the industry, cryptocurrency exchanges are charging between $50,000 to $1 million to list initial coin offerings (ICOs) on their platforms — as reported by Business Insider. As one might expect, many of those who spoke to BI were unable to name the specific exchanges they have dealt with. Exchanges wield […]
Bitcoin Price Key Highlights Bitcoin price seems to be having trouble making its way above the broken neckline of the double top. This signals that bears are still very strong and could push price back down to the swing low or extension levels. Technical indicators are also reflecting a slowdown in bullish pressure. Bitcoin price […]
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CoinDeskJapan’s Third-Largest Electric Provider Is Testing Bitcoin On LightningCoinDeskJapan’s third-largest electricity provider is emerging as one of the first major companies in the world to trial a promising bitcoin payments technology. Revealed exclusively to CoinDesk, Chubu Electric Power Co. has entered into a proof-of-concept …
One of Japan’s largest electric companies is intrigued by bitcoin’s early-stage Lightning Network, so much so they’re testing it out.
Artificial Intelligence is everywhere Have you ever wondered how one day you searched “Best Smartphone of 2018” on Google and the next day you were bombarded with ads from smartphone companies? Or how watching a video on the ‘World’s Best Beaches’ on YouTube inevitably leads to plethora of holiday ads being shown on sites you […]
Bitcoin News (press release)80% of Companies Are Interested in Bitcoin Transactions, Survey FindsBitcoin News (press release)80% of Companies Are Interested in Bitcoin Transactions, Survey Finds The Neustar International Security Council, a global foru…