Day: September 18, 2018

Bitcoin Price Outlook Worsens After Drop to Five-Day Lows

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Bitcoin’s (BTC) drop to five-day lows on Monday has likely emboldened the bears, technical studies indicate. The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short-term moving averages (MAs) turned bullish on Saturday, adding credence to positive relative strength index divergence (RSI). Instead, BTC dived out of the trading range in the US session yesterday and fell to a low of $6,203 – the lowest level since Sept. 12 –…

Developments and events that could send Ripple’s price to new levels

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Ripple (XRP) has experienced ups and downs in the last few months. To most traders, the coin’s future is not assured, as such, buyers may have shied away or just #Holding to sell the perfect moment. However, some positive developments and events such as SWELL could send Ripple’s price to new levels. The SWELL event that is going to be held on October 1-2 could send Ripple’s price to new levels. The event will be hosted by the firm behind the XRP token with an aim to connect the world’s…

Ukrainian Parliament Proposes Tax Bill for Digital Currencies

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The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft law published September 14. The tax bill, which was initiated by 23 government officials, suggests a five percent tax on individuals and legal entities operating with virtual currency assets, such as cryptocurrencies and tokens. Starting Jan. 1, 2024 crypto-related profits by businesses would be taxed at 18 percent, which is a basic rate for corporate and personal income tax in Ukraine, according to Trading…

Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400

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Key Points Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar. There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps continue to move down towards the $6,120 support area in the near term. Bitcoin price decline extended below the $6,400 support against the US Dollar. BTC/USD may correct higher, but it could face sellers near $6,340 and $6,380. Bitcoin Price Analysis Recently,…

Ethereum Price Analysis: ETH/USD Could Decline to $180

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Key Highlights ETH price is under a lot of pressure after it broke the $210 support against the US Dollar. There was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under a lot of pressure and it could continue to decline towards the $180 level. Ethereum price declined recently against the US Dollar and bitcoin. ETH/USD may perhaps continue to decline towards the $180 level in the near term. Ethereum Price Decline After failing…

Introducing Ethfinex Trustless | CCG

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With Ethfinex Trustless there are no signups, no deposit or withdrawaldelays and no sacrificing custody of your tokens. Users retain full control of their funds throughout the entirety of the trading experience whilst executing trades against a highly liquid off-chain order book to ensure an entirely seamless trading experience. The Bitfinex order book is a crucial part of what makes the Ethfinex trading experience unique in the decentralised exchange space. With one of the most liquid order books in the crypto space, users can now take advantage of a high-liquidity, low-spread trading experience without sacrificing the control that…

Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict

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For a small but growing community of users in the occupied Palestinian territories of the Gaza Strip and the West Bank, bitcoin has become a lifeline. Ahmed Ismail, a financial analyst in Gaza, estimated there are at least 20 unofficial “exchange” offices there dealing cryptocurrency to local users. Ismail himself helps 30 clients use bitcoin to purchase investments abroad, such as stocks, since there aren’t any local alternatives for putting money to work. One such currency dealer in Gaza, Mohammed, told CoinDesk over the past four years he helped up…

Mastercard Patent Filings Tout Blockchain for Immutable Data Records

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Payment services giant Mastercard is looking at the use of blockchain for keeping track of consumer payments, newly published patent filings suggest. In a series of largely similar patent applications published last week by the U.S. Patent and Trademark Office, Mastercard outlines how a distributed ledger can be used to record “point-to-point transactions” as they are processed. This information can then be used by organizations or members of those organizations to create a log of items procured during the course of business. A blockchain ledger can, in particular, be used…

LG’s Mobile Arm to Trial Blockchain Payments for Overseas Travelers

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LG Uplus – a South Korean cellular carrier owned by the nation’s fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service. Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S. to offer users of three mobile carriers cheaper and faster payments when travelling internationally. Expected to launch early in 2019, the system is based on a blockchain cross-carrier payment platform provided by project partner, U.S.-based TBCASoft, according to The Korea Times. LG Uplus has also signed a memorandum…

Tezos Token Makes Gains in Approach to Official Launch

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The price of XTZ, the native token of the Tezos crypto project, rose 30 percent over the weekend in anticipation of the network’s official launch Monday. At press time, XTZ is trading at $1.55, having clocked a 5.5-week high of $1.75 at 13:10 UTC on Saturday. At that point, XTZ was up 35 percent from Friday’s low of $1.29, according to CoinMarketCap data. The cryptocurrency picked up a strong bid on Friday after the developers tweeted that Tezos’ mainnet arrives on Sept. 17. In fact, the mainnet has been live in…