Day: September 6, 2018

BTC and Crypto Volatility is Why We Won’t See a Bitcoin ETF Soon

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Red! Red! Red! is what many traders are seeing when they log into their favorite crypto exchanges or check coinmarketcap.com. Many savvy traders who had set stop losses, minimized their risks as some headed to BitMEX and Bitfinex to try and cash in on shorting their favorite digital assets of Bitcoin (BTC), Ethereum (ETH) and more. In the case of BitMEX, the volume of BTC traded in the last 24 hours currently stands at 990,764. If the current turmoil goes on, they might do 1 Million BTC in 24 hours…

Belgian Think Tank Calls for Crypto Exchange and ICO Regulations at EU Level

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A report from a Belgian think tank that will reportedly be distributed to European Union (E.U.) ministers calls for unified legislation on cryptocurrencies and more scrutiny on how they are distributed to investors, Reuters reported September 5. The report, ostensibly released by Brussels-based think tank Bruegel, comes ahead of an informal meeting of economic and financial affairs ministers from the E.U. on cryptocurrency investments and taxation of the digital economy. The meeting will take place in Austria from September 7-8. According to Reuters, the report urges the regulation of cryptocurrency…

Ethereum Price Analysis: ETH/USD Turned Super Bearish Below $240

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Key Highlights ETH price declined heavily and broke the $260, $250 and $240 support levels against the US Dollar. This week’s followed crucial bearish trend line played well with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded close to the $200 level and it is currently correcting higher. Ethereum price is under a lot of selling pressure against the US Dollar and bitcoin. ETH/USD may continue to slide towards the $200 level in the near term. Ethereum Price Decline There was yet…

Coinbase to Offer New Crypto Trading Pairs for British Pounds

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Cryptocurrency exchange Coinbase has announced it will begin rolling out new order book trading pairs for British pounds (GBP) on Sept. 7 for traders based in the U.K. David Farmer, general manager of Coinbase Pro, wrote in a blog post on Thursday that the order book exchange will offer trading services for GBP against ethereum, bitcoin cash, ethereum classic and litecoin, in addition to the current sole offering of bitcoin. Each new pair will first go through a post-only phase and then a limit-only stage before full trading services can…

Turkish Exchange Develops Blockchain-Based Customer Database

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Turkey’s Borsa Istanbul Stock Exchange (BIST) has developed a blockchain-powered customer database, Daily Sabah reported September 6. Founded in 2013, BIST is the result of the merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Turkish Derivatives Exchange (TurkDex). Per the exchange’s annual report for 2017, it has 399 listed companies, a market capitalization of around $133 billion, and $1 trillion of total traded value. The recent development will synchronize the customer databases of Borsa Istanbul, Istanbul Clearing, Settlement and Custody Bank (Takasbank), and the Central Securities…

Ethereum (ETH) Price Watch: Bears Back in the Game!

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Ethereum Price Key Highlights Ethereum made a downside break from consolidation to confirm that bears are back to push price lower. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to carry on than to reverse. The gap between the two has slightly narrowed, though, indicating a possible slowdown in selling pressure. RSI is still heading south, though, so there may be some bearish momentum left. However,…

Bitcoin Cash Price Analysis: BCH/USD Turned Sell on Rallies

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Key Points Bitcoin cash price failed to clear the $650 resistance and dropped sharply against the US Dollar. There is a key bearish trend line forming with resistance at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is down more than $100 from highs and it turned sell on rallies near $525 and $550. Bitcoin cash price dropped significantly below $550 against the US Dollar. BCH/USD is recovering, but it could face a lot of sellers near $525 and $550. Bitcoin Cash Price…

Bitcoin (BTC) Price Watch: Sharp Tumble on Resistance Test, Goldman Sachs Update

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Bitcoin Price Key Highlights Bitcoin price slumped below its short-term rising wedge after also hitting the resistance on a larger wedge formation. Price could set its sights on the long-term support around $5,800 to $6,000 from here. Technical indicators are still reflecting the presence of bullish pressure, though. Bitcoin price made a downside break from a short-term consolidation pattern and is setting its sights back on the long-term floor. Technical Indicators Signals The 100 SMA recently crossed above the longer-term 200 SMA to indicate that the path of least resistance…

EEA Invites Telecom Leaders to Unite and Discuss Blockchain’s Enterprise Ethereum Future

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EEA, SK Telecom, KDDI Corporation and the University of California to Host Meeting In Advance of Mobile World Congress Americas EEA announced today that global telecom leaders are invited to join the EEA’s Telecom Special Interest Group (SIG) on Tuesday, Sept. 11 for a free, Face-to-Face Meeting in Los Angeles in advance of the Mobile World Congress Americas Conference. The free, one-day session is sponsored by the EEA, SK Telecom, KDDI Corporation, T-Mobile, ConsenSys, BuildETH, Terbine, and The University of Southern California. The cost is free to qualified telecom leaders,…

Still Bitcoin Cash is a Better Investment

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Yesterday’s BTC mini crash is surely a blow to altcoins. In a 24 hour span, BCH recorded a 16 percent lose breaking below $600, crashing stops and confirming the bear break out pattern set by Aug 8 bears. That’s aside from signaling the completion of a retest phase and a probable ignition of the trend resumption stage that could drive prices towards $300. All in all, on chain developments and BTC whale shorts aren’t supportive of BCH. From the Market The cryptocurrency bug is spreading and as a solution that…