Archive | June 5, 2018

Bitcoin Price Watch: Can BTC/USD Break This Resistance?

Key Points Bitcoin price formed a support base near $7,350 and recovered nicely against the US Dollar. There is a key connecting bearish trend line in place with resistance at $7,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair has to move past the $7,650 and $7,680 resistance levels… […]

IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money

This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by […]

Ripple Price Analysis: XRP/USD Resumes Uptrend

Key Highlights Ripple price recovered from the $0.6340 low and moved above the $0.6600 resistance against the US dollar. Yesterday’s highlighted key bearish trend line with resistance at $0.6550 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.6600 support with bullish… […]

Two Thirds of US, EU Crypto Exchanges Fail to Verify Customer Identities

Analyst P.A.ID Strategies has revealed the results of research into the on-boarding practices of cryptocurrency wallets and exchanges across the U.S. and Europe, research that focused on which of these crypto service providers are using Know Your Customer (KYC) checks when on-boarding customers. These companies might have to change their protocols when the EU’s anti money… […]

Asian Cryptocurrency Trading Update: Ontology Rising Above the Rest

FOMO Moments Current performing altcoins are Ontology, Binance Coin, Loopring and Nexus. In true sideways fashion yesterday’s declines could not be sustained and the bears lost out to the bulls. The markets seem to have been oscillating between red and green days in recent weeks, and today has been the latter during Asian trading. Although… […]

Ethereum Price Analysis: ETH/USD Could Trade Higher

Key Highlights ETH price found a strong buying interest near $570-572 and recovered nicely against the US Dollar. There was a break above two key bearish trend lines with resistance near $588 and $591 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently trading positively above the $600 handle and… […]

Bitcoin Cash Price Analysis: BCH/USD Back above $1,100

Key Points Bitcoin cash price held the $1,040 support and moved higher above $1,100 against the US Dollar. There was a break above a connecting bearish trend line with resistance at $1,080 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is now placed nicely above the $1,100 level and… […]

Tron (TRX) Price Watch: Triple Bottom at Triangle Support

Tron Price Key Highlights Tron is still hovering at the bottom of its long-term descending triangle, still deciding whether to bounce or to break. A bounce could take it back up to the triangle top while a break could set off a steep drop. Technical indicators are giving mixed signals at the moment but a… […]

Bitcoin (BTC) Price Watch: Waiting for Reversal Confirmation

Bitcoin Price Key Highlights Bitcoin could be in for a longer-term rally as an inverse head and shoulders pattern is forming. Price needs to break past the neckline around $7,800 to confirm that an uptrend is about to take place. Technical indicators are still reflecting the presence of bearish momentum, so it could be uphill… […]

Bitcoin scam: ‘I’ll tell your wife your secret’ – KGO-TV

KGO-TVBitcoin scam: ‘I’ll tell your wife your secret’KGO-TV”It said I had secrets to hide and he knew all about them and if I didn’t pay $8,150 in Bitcoin that he was going to tell my wife and all her friends,” Levinson said. RELATED: Bitcoin, other cryptocurrencies plummet after warning from SEC The letter …

Abu Dhabi Firm Develops Blockchain Solution for City’s Ports

Abu Dhabi Ports has launched a blockchain solution for the city’s shipping industry, the first such initiative in the island city. Developed through its subsidiary Maqta Gateway, the initiative is known as Silsal and aims to increase efficiency, transparency and security in the country’s shipping industry. As reported by Construction Business News on June 2, Silsal […]