Day: October 16, 2018

Ripple (XRP) Price Watch: Uptrend Resumes, Next Targets

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Ripple Price Key Highlights Ripple price recently busted through the short-term descending trend line to signal a reversal. Price might still need to make a pullback in order to gather more bullish momentum to sustain the rally. The 61.8% Fib already seems to be holding, though, and technical indicators are reflecting a pickup in buying pressure. Ripple price looks ready to resume its longer-term rally after breaking past a short-term descending trend line. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to signal that the…

Bitcoin (BTC) Price Watch: Triangle Resistance Break and Retest

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Bitcoin Price Key Highlights Bitcoin price recently surged past its symmetrical triangle resistance to signal that an uptrend is underway. Price found resistance around $7,800 and appears to be pulling back to the broken triangle top. If this area holds as support, price could aim for the Fibonacci extension levels next. Bitcoin price is in the middle of a pullback from its upside breakout and could set its sights on these targets next. Technical Indicators Signals The moving averages are still oscillating to reflect sideways price action and barely offer…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $440

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Key Points Bitcoin cash price broke to the upside, but it declined back below $460 against the US Dollar. There is an ascending channel forming with support at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to consolidate and slowly move higher above $450 in the near term. Bitcoin cash price retreated from the $480 resistance against the US Dollar. BCH/USD is currently consolidating above $440 with a few positive signs. Bitcoin Cash Price Analysis Yesterday, there was a sharp upside…

Crypto Market Stabilizes as Tether Recovers, Real Bitcoin Price at $6,450

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The crypto market has stabilized after a wild 24-hour period triggered by the sudden increase in the price of Bitcoin. On cryptocurrency-only and Tether-integrated exchanges like OKEx, Huobi, and Bitfinex, the price of Bitcoin exceeded $7,700, as the value of Tether (USDT), which is supposed to be pegged to that of the US dollar on a 1:1 ratio, fell substantially by more than 7 percent. The 7 percent drop in the price of USDT from $1 to $0.93 led Bitcoin premium on cryptocurrency-only exchanges to rise by an identical margin,…

Bakkt Continues Talks with Crypto Regulators, Adds Key Executive to the Team

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A veteran and early employee of Coinbase is switching teams, moving to the up-and-coming cryptocurrency exchange platform, Bakkt. Adam White will be joining Bakkt as the exchange’s Chief Operating Officer, helping the platform to develop as it prepares for its imminent launch. Many investors and analysts see Bakkt as being cryptocurrency industry’s next big platform that could usher in a new era of institutional and retail investors. The exchange, which will be a direct competitor to Coinbase, has deep ties to Wall Street, and is backed by New York Stock…

Coinbase Opens Office in Ireland as Part of Brexit Contingency Plan

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San Francisco-based cryptocurrency exchange Coinbase has opened a new office in Dublin, Ireland, according to an announcement published Oct. 15. In addition to helping expand its operations in Europe, the new Irish offices are reportedly part of a contingency plan for when the U.K. leaves the E.U. Per the announcement, the Dublin team will take on a number of new business-related functions, while London will remain Coinbase’s main office in Europe. The Irish Minister for Financial Services and Insurance Michael D’Arcy commented on the exchange’s expansion: “I am delighted that…

ADA Recover from 7 cents as TRX Bulls Aim At 4 cents

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Unless otherwise, we expect traders to buy on dips in lower time frames all thanks to yesterday’s attempts of higher highs. Supporting this view are breaks above key resistance lines in Cardano while Tron might print above Sep 2018 highs today. Let’s have a look at these charts: EOS Price Analysis Like most coins in the top 10, EOS volatility is back. However, this time bulls have an upper hand and are up four percent in the last day. Not only are we seeing a situation where buyers might end…

ICOs Should be Considered Securities

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Former chairman of the U.S. Commodity Futures Trading Commission (CFTC), Gary Gensler said that most tokens sold through Initial Coin Offerings (ICOs) should be classified as securities, Bloomberg reported Oct. 15. Should cryptocurrencies be considered securities, they would fall under the regulatory purview of the U.S. Securities and Exchange Commission (SEC). Issuers of coins would have to comply with certain laws, register with the SEC, and disclose specific information like a description of the organization’s properties or financial statements. When asked whether blockchain technology should be regulated, Gensler asserted that…

‘Undercover US Government Agents Go on LocalBitcoins and Arrest People’

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The interview has been edited and condensed. Roger Ver is one of the most famous personas in the crypto industry. He calls himself “the first investor into the crypto industry,” being involved with it since 2011. Studying computer science and economics “as a young man” helped him understand the technology behind Bitcoin. “There was absolutely no doubt in my mind that people were going to start using it as money. And like anything, the price is set by supply and demand. “Because the supply of Bitcoin was limited, as more…

DocuSign Will Add Ethereum Blockchain Integration to Verify Signatures

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San Francisco based DocuSign has announced the integration of the Ethereum blockchain into its electronic signature and transaction management service. The company, which currently has over 400,000 paying customers, will now have an option for customers to have evidence of a DocuSigned agreement automatically recorded on the Ethereum blockchain. This option will be an alternative to the company’s native system for verifying signatures and is poised to be a natural fit for customers who want to have evidence of their agreements in a neutral environment. Ron Hirson, chief product officer…