Day: September 12, 2018

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Below $450

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Key Points Bitcoin cash price declined further and broke the $460 and $450 support levels against the US Dollar. This week’s followed major bearish trend line is still in place with resistance near $460 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains in a downtrend and it seems like it could continue to move down towards $400. Bitcoin cash price is under pressure as it broke the $450 support against the US Dollar. BCH/USD is likely to extend losses towards $410 and $400…

Bitcoin (BTC) Price Watch: Still Some Selling Pressure Left?

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Bitcoin Price Key Highlights Bitcoin price is still consolidating inside its falling wedge pattern seen on the daily time frame. Price tumbled sharply upon hitting resistance and is setting its sights back on the bottom. There’s also strong support around the $6,000 mark, which explains why bitcoin price is consolidating here. Bitcoin price is currently pausing on its slide but may have one more push lower to go as it has yet to test the wedge bottom. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to…

Crypto Industry Leaders Establish Washington-Based Lobby Group

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A group of U.S.-based blockchain and crypto companies have announced they will form the Blockchain Association, the “first” lobbying group representing the blockchain industry in Washington D.C., the Washington Post reported September 11. The Blockchain Association is comprised of industry leaders such as crypto exchange Coinbase, technology startup Protocol Labs, as well as the Digital Currency Group and Polychain Capital. The lobbying organization will reportedly be located in Washington, representing entrepreneurs and investors who are engaged in blockchain-powered projects. The Blockchain Association will represent mainstream companies that look to operate…

The Conflicting Relationship Between XRP and xRapid

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Despite rampant XRP sellers, fundamentals are bullish just like as predicted by SVP Customer Support of Ripple in Q1 this year. In fact Ripple and their core products have caught on that the RBC Capital Market did mention the benefits of Ripple solutions when financial institutions use them. This is positive for Ripple and could help XRP recover in the short term even if the coin—acting a liquidity tool—should be by design, cheap. From the News That the ride has been smooth for Ripple the company is a lie. Brad…

Two US States Implore Indian Authorities to Seize Property of BitConnect Promoters

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Authorities from two U.S. states have implored the Criminal Investigation Department (CID) in India to seize the property of promoters of Bitcoin (BTC) investment firm BitConnect, the Times of India reported September 11. BitConnect, which ceased its operations in January of this year, was an open-source cryptocurrency and an investment program accused of being a Ponzi scheme. The accusations were based on the multi-level referral system and promise of astronomical returns on customers’ investments. The U.S. states of Illinois and Arizona are asking the CID to seize the property of…

Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With Registration Failures

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In what it deems a first for both enforcement actions, the United States Securities and Exchange Commission (SEC) is charging two entities with registration failures. First in line, TokenLot LLC, the self-named “ICO Superstore,” is being charged with acting as an unregistered broker-dealer in the “first case charging unregistered broker-dealers for selling digital tokens after the SEC issued The DAO Report in 2017.” A seminal document in defining ICOs and tokens as securities, the DAO Report was released in July of 2017 and classified DAO tokens as unregistered securities following…

OKEx Founder Released After Questioning in Connection With Suspected …

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The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin. As of 9:30 pm local time, on September 11, he was released. Star Xu, who was a shareholder in WFee coin, was surrounded by seven or eight people at the hotel he was staying at in Shanghai and taken to a local police station for questioning, according to Sina news. In a follow up, Sina reported the suspected fraud took…

Malta Stock Exchange and Binance to Launch Tokens Platform

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MSX PLC, the digital asset arm of the Malta Stock Exchange, has signed a Memorandum of Understanding (MoU) with Binance to launch a digital exchange for trading security tokens, per its press release. The MoU follows Binance’s decision to continue its operations on the island in recognition of the country’s favorable crypto climate. Earlier in July 2018, the Malta Stock Exchange (MSE) launched the MSX PLC as an investment vehicle that seeks partnership with leading crypto exchanges to create joint ventures in the country. At the time of the launch,…

Litecoin, Stellar Lumens, EOS, Cardano, Monero Price Analysis

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Aside from news of Stellar Foundation acquiring Chain, a San Francisco blockchain start up for a figure believed to be above $40 million, Litecoin developers are back. This time, they have plans of launching a web based Litecoin wallet that will be secure enough to fend off attackers. Though positive, these two didn’t change the market trajectory and instead sellers are dominant printing new lows in Cardano (ADA). Let’s have a look at these charts: EOS Price Analysis EOS Daily Chart by Trading View Oscillating between $5.5 on the upside…