Day: August 31, 2018

Bitcoin (BTC) Price Watch: Bulls Defend Uptrend Line, Aiming Higher

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Bitcoin Price Key Highlights Bitcoin price pulled back to the area of interest marked previously and bounced off support. Price is setting its sights back on upside targets indicated using the Fibonacci extension tool. Technical indicators are giving mixed signals in terms of direction, but bearish pressure appears to be fading. Bitcoin price is resuming its climb after testing the rising trend line connecting the lows since mid-August. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA on the 4-hour time frame to indicate that the…

Bitcoin Cash Price Analysis: BCH/USD Turned Short-term Bearish

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Key Points Bitcoin cash price failed to hold gains above the $540 and $545 support levels against the US Dollar. This week’s followed key bullish trend line was breached with support at $544 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading below the $540 support and it could decline further in the near term. Bitcoin cash price declined below the $540 key support against the US Dollar. BCH/USD may perhaps continue to move down towards the $520 and $510 levels. Bitcoin…

New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

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According to new research conducted by Initial Coin Offering (ICO) advisory firm Satis Group, the Bitcoin (BTC) price could potentially reach $98,000 in the next five years. The report written by Sherwin Dowlat and Michael Hodapp represents the fourth part of a five-part series covering the crypto space. The report states that, in terms of upward tendencies in cryptocurrencies over the next five years, BTC will reach reach $96,000, Monero (XMR) will reach $18,000, and Decred (DCR) will hit $535. Bitcoin Cash (BCH) is forecasted to slump to $268, after…

CBOE to Launch Ethereum Futures Trading Later This Year

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CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world’s largest exchange holding companies, is looking to launch futures for Ethereum (ETH), Business Insider reported August 30. Sources familiar with the situation told Business Insider that CBOE Global Markets is planning to launch ETH futures by the end of 2018. CBOE will reportedly base its ETH futures on Gemini’s underlying market; the operator also based its Bitcoin (BTC) futures on the New York-based crypto exchange run by the Winklevoss twins. The CBOE launched…

Cboe is close to launch Ethereum futures

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Cboe Global Markets, the exchange behind the first market for bitcoin futures, is telling market makers it is close to rolling out futures for ether, the second-largest cryptocurrency by market capitalization, people familiar with the situation told Business Insider. The product may launch by the end of 2018, one of the people said.  Futures, which provide investors a way to bet on the future price of an asset, helped propel bitcoin to all-time highs at the end of December. Bitcoin future markets, which include Cboe and CME in the US, have…

Despite Desktop Appearance, Yahoo Crypto Trading Is Currently Available Only on iOS App

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Following a rollout of buy and sell options for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC)  yesterday, Yahoo clarified in an email to Cointelegraph that, at the moment, its new service will only be available on its iOS app. Yesterday, Cointelegraph reported that Yahoo Finance integrated a trading option for BTC, ETH, and LTC on its platform when buy/sell buttons appeared on their website. When the buy/sell buttons were absent from the webpage today, Yahoo Finance PR representative Caitlin O’Neill explained: “[Y]esterday’s launch was for the iOS app only —…

BitPay Announces the Launch of Its Bitcoin Cash Option for Merchants

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Bitcoin payment services provider BitPay, a global leader in processing payments for merchants, has announced the much-awaited option of receiving settlement in the form of Bitcoin Cash. The news hasn’t had an effect on the price of the cryptocurrency as of yet, as BCH continues its downslope towards the $500 line. BitPay Responds to Merchant Demand by Launching Bitcoin Cash Option Founded in 2011, BitPay has made a name for itself by giving merchants tools for accepting blockchain payments from their customers, as well as providing its customers with reliable bank…

Japan’s National Police Agency to Employ New Software to Track Crypto Transactions

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In response to a reported increase in the illicit use of cryptocurrencies, Japan’s National Police Agency (NPA) plans to introduce new software which can track cryptocurrency transaction history, Japan’s national public broadcasting organization NHK reported August 30. In 2019, the National Police Agency will reportedly put special software into service to track the history of virtual currency transactions within the country. The move comes as part of an effort to fight the increased level of cryptocurrency misuse and thefts. In order to cover the expense of the new software, the…

Mass Adoption of Crypto Far From Being Achieved, Best Chance in Turkey

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Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have purchased cryptocurrencies like Bitcoin and Ethereum in the past few years. Motive of Residents in Turkey to Invest in Crypto Earlier this month, the US government imposed additional sanctions on the Turkish economy, excluding the region from the global banking system operated by SWIFT in Belgium. Consequently, the lira, the…

EOS, Litecoin, IOTA, Stellar Lumens, Tron Price Analysis–

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Even in the face of bullish expectations, altcoins bull momentum is fading out and the market is down roughly five percent from recent highs. Like their rapid gains, IOTA and Tron are leading the charge losing eight percent in the last 24 hours while others as Litecoin is likely to retest main support at $50. In any case, today will most likely determine the next course of action as laid out. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View After periods of…