Day: July 25, 2018

Bitcoin Cash Price Analysis: BCH/USD Surging Above $750

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Key Points Bitcoin cash price gained traction and jumped above the $840 and $850 resistances against the US Dollar. There was a break above a declining channel with resistance at $810 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is placed nicely in an uptrend and it could retest the $890 and $900 resistance levels. Bitcoin cash price is surging higher against the US Dollar. BCH/USD is primed to extend gains above the $880 level in the near term. Bitcoin Cash Price Trend There…

Bitcoin (BTC) Price Watch: Bulls Keep Charging, Where to Next?

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Bitcoin Price Key Highlights Bitcoin seems unstoppable in its climb as it sets its sights on the next upside targets. Price is on its way to test the dynamic resistance at the 200 SMA inflection point then the $9,000 area of interest. Technical indicators on the daily time frame are still reflecting the presence of selling pressure. Bitcoin price has been on a tear and buyers might have enough energy to push for a test of the next upside barriers. Technical Indicators Signals The 100 SMA is below the longer-term…

Novogratz’s Galaxy Digital Leads $52.5 Mln Fundraising Round for Crypto-Lending Firm

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Crypto-focused merchant bank Galaxy Digital has recently led a $52.5 million fundraising round for crypto-lending firm BlockFi, according a blog post by the company July 24. Galaxy Digital CEO and founder Mike Novogratz confirmed in a tweet that he is, “excited to get into the crypto lending business.” With the new round of investment, the startup will reportedly be able to expand its business outside the U.S. and to support more cryptocurrencies. BlockFi, featuring “loans backed by your cryptoassets,” offers corporate and retail loans on their digital asset holdings. BlockFi…

Coinbase Internal Investigation Concludes No Insider Trading Took Place

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Coinbase exchange has reportedly concluded that no insider trading of Bitcoin Cash (BCH) took place in December 2017, Fortune reports Tuesday, July 24. Anonymous sources close to Coinbase told Fortune that the exchange and wallet service provider conducted a company-wide meeting last week to discuss the results of an internal investigation. A Coinbase spokesperson revealed to Fortune that the “independent internal investigation” has been completed, and the company is “determined to take no disciplinary action,” following a months-long probe by two national law firms. A Coinbase representative told Fortune: “We…

Delaware DOJ Reaches Out to Poloniex Crypto Exchange Users ‘If They Have an Issue’

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Poloniex cryptocurrency exchange has apparently piqued the interest of the Investor Protection Unit of the Delaware Department of Justice (DOJ). As shown in an email shared with Cointelegraph, the Chief Special Investigator of the Investor Protection Unit (IPU) wrote to a list of individuals, asking them to contact him should they have any difficulties with their Poloniex account. The IPU is part of the Fraud and Consumer Protection Division, which protects the public from securities fraud, consumer fraud, and other forms of white collar crime. The IPU is specifically responsible…

Bitcoin Price Pierces $8,500, Extending Bull Run Further

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Fundstrat founder Tom Lee’s prediction that the bitcoin price would see “new highs in July” appears unlikely to materialize, but there’s no denying that the market has been showing signs of emerging from the seven-month bear market that drove cryptocurrency valuations down approximately 70 percent from their mid-December peaks. Tuesday evening, that rally took another step forward, as the bitcoin price barreled through $8,500 for the first time since May 21. On Bitfinex, the flagship cryptocurrency marched past this threshold at approximately 23:45 UTC, ultimately inching up to $8,503 before…

Why Bitcoin’s Summer Rally Is Here to Stay: Brian Kelly

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Bitcoin’s summer rally is here to stay, according to Brian Kelly, a regular contributor on CNBC’s Fast Money. The bitcoin price is now trading over $8,000, a figure unseen since late May, and CNBC correspondent Bob Pisani began the segment noting that some of the gains could be attributed to CBOE’s reapplication of a bitcoin ETF. Since the SEC normally takes 45 days to make a decision, many are expecting a decision by Aug. 15. The approval of a cryptocurrency ETF could bring a major boost to the markets, though…

Litecoin, IOTA, Stellar Lumens, Tron, EOS Technical Analysis

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On a positive note, altcoins are on a recovery path and syncing with last week’s bulls. Not only are we seeing respectable gains in Litecoin, EOS and IOTA-which by the way is reversing from 90 cents, but the fact that LTC bulls are now retesting $90 is encouraging from a bull perspective. Hopefully, coin specific news would continue trickling in boosting prices in the process. Let’s look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View You have to check this yourself but according to CoinFairValue, EOS’s…