Day: September 30, 2018

Bitcoin Cash Price Weekly Analysis: BCH/USD Sighting Further Upsides

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Key Points Bitcoin cash price gained traction and moved above the $500 barrier against the US Dollar. There is a key contracting triangle in place with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to break higher towards the $575 and $600 levels in the near term. Bitcoin cash price is trading in a bullish zone above $500 against the US Dollar. BCH/USD may continue to find buyers on the downside near $500 and $480. Bitcoin Cash Price Decline…

Bitcoin is Reversing, 2 Catalysts Will Drive it Higher in 2018

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Throughout 2018, Bitcoin has continued to record lower highs, testing major resistance levels at $10,000, $8,000 and $7,000. According to Fundstrat’s Tom Lee, the stability of Bitcoin at $6,000 regardless of its lower highs is optimistic. In early 2018, Fundstrat emphasized in a report that the $6,000 level will likely be held by Bitcoin in the mid-term because it is the breakeven point for miners. That means, miners that utilize electricity and mining equipment to verify transactions on the Bitcoin network can still generate some profit if the price of…

U.S SEC File Charges against Bitcoin-linked Firm, 1pool Ltd and its Founders

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The United States Securities and Exchange Commission (SEC) has filed charges against 1pool Ltd, a securities dealer registered in the Republic of the Marshall Islands and its founders for allegedly selling unregistered security-based swaps to U.S residents, according to statements from the commission on September 27, 2018. SEC Crushes another Bitcoin-based Business According to an SEC statement, international securities dealer registered in the Republic of the Marshall Islands, 1pool Ltd. and its Austria-based chief executive Patrick Brunner, have violated the U.S securities laws by selling security-based swaps to U.S investors…