Archive | July 3, 2018

5 Countries Form J5 Alliance to Fight Crypto Tax Evasion, Money Laundering

An international coalition of five countries – the United States, United Kingdom, Australia, Canada, and the Netherlands – have formed the Joint Chiefs of Global Tax Enforcement (J5). The J5 will fight money laundering and tax evasion, with a specific focus on cryptocurrencies which they deem to be a global threat. The United States Internal Revenue […]

Ripple Price Analysis: XRP/USD’s Resistance Turned Support

Key Highlights Ripple price traded further higher and almost tested the $0.5250 resistance against the US dollar. There is a new bearish trend line in place with resistance at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently holding an important support near $0.4750, which was a… […]

Paul Krugman Trolls Ripple, Accidentally Making a Case for Bitcoin Cash

“If a digital currency isn’t actually used for any transactions, is it, you know, actually a currency?” tweeted Nobel laureate economist with the ears of American progressive politicians, Paul Krugman. He was prompted by a colleague’s recent article regarding a push by Ripple’s XRP to urge users to do more than just speculate. Mr. Krugman, […]

Ethereum Price Analysis: ETH/USD Holding $450 Support

Key Highlights ETH price started a fresh correction wave after trading as high as $487 against the US Dollar. There is a key bullish trend line in place with support at $450 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move above the $465 and $468 resistance levels to… […]

Single Syscoin Sells for 96 Bitcoin Forcing Binance to Suspend Trading

Binance has suspended all transactions earlier this morning after a single Syscoin was purchased for 96 Bitcoin on the exchange. Syscoin Blockchain Compromised Information coming from both Syscoin and Binance twitter feeds confirm that Binance has halted all transactions and Syscoin has suffered an attack on their blockchain. As a precaution we had requested exchanges… […]

Bitcoin Cash Price Analysis: BCH/USD Correcting Lower

Key Points Bitcoin cash price formed a new monthly high at $829 before starting a downside correction against the US Dollar. There was a break below a connecting bullish trend line with support at $770 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair broke the $760 support area and… […]

Bitcoin (BTC) Price Watch: Buyers Waiting on This Pullback

Bitcoin Price Key Highlights Bitcoin price is in a slow but steady climb inside an ascending channel on the 1-hour time frame. Price is currently testing the resistance and might be due for a correction to the bottom or at least the middle. Technical indicators are also signaling that the uptrend is likely to resume… […]