Month: October 2018

Crypto Security Company Ledger Opens Branch in Hong Kong

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Crypto hardware wallet firm Ledger has announced it is opening a new branch in Hong Kong, according to a press release shared with Cointelegraph Wednesday, Oct. 31. One of the leading hardware wallet manufacturers with headquarters in Paris and San Francisco, Ledger also reveals that it has assigned Benjamin Soong as head of the Asia Pacific (APAC), responsible for all Ledger operations held in the region. Soong is a former managing director for U.S. financial analytics corporation S&P Global. Ledger’s president Pascal Gauthier further explained that Soong will help the…

Ripple Price Analysis: XRP/USD Could Revisit $0.4500 and 100 SMA

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Key Highlights Ripple price started a short term correction and moved above $0.4400 against the US dollar. There was a break above a major bearish trend line with resistance at $0.4410 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently struggling to gain traction, but it may soon test the $0.4500 resistance area. Ripple price is trading below key resistances against the US Dollar and Bitcoin. XRP/USD may well correct towards the $0.4500 resistance and the 100 hourly SMA. Ripple Price Analysis Yesterday,…

Controversial Venezuelan State Cryptocurrency ‘Petro’ is Now for Sale

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After months of speculation regarding the status of Venezuela’s much-publicised Petro cryptocurrency project, the Venezuelan government has announced that the Petro is now available for sale and can be bought with bitcoin and litecoin. A tweet from the official account of the Venezuelan Vice president of the Economy, Tareck El Aissami posted on October 29 reads: “The Petro may be acquired by legal and natural persons from its web portal.” #Enterate || El Petro podrá ser adquirido por personas jurídicas y naturales desde su portal web https://t.co/0ldQe5CTHL #PetroNuevaEraEconómica pic.twitter.com/x2gyoncOVd —…

Happy Birthday, Bitcoin! A Letter From Ross Ulbricht

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Happy Birthday, Bitcoin! Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid. Bitcoin: Mommy, when’s Daddy coming home? Mommy: He’ll come home as soon as he can, sweetie. Bitcoin: Why did he leave us, Mommy? Mommy: I’ll explain when you’re older. Now run along and play blockchain with the other cryptos. Bitcoin as a 10-year-old kid…

Ethereum Price Analysis: ETH/USD’s Previous Support Now Resistance

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Key Highlights ETH price started a short term upside correction and moved above $196 against the US Dollar. There is a key connecting bearish trend line formed with resistance at $198 on the hourly chart of ETH/USD (data feed via Kraken). The pair recently tested the previous support at $198, which acted as a solid resistance. Ethereum price is slowly recovering against the US Dollar and bitcoin. However, ETH/USD is likely to face a lot of hurdles near $198 and 100 hourly SMA. Ethereum Price Analysis Yesterday, there was a…

Japan: FSA Says Stablecoins Are Not Cryptocurrencies

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Japan’s Financial Services Agency or FSA clarified that stablecoins are not cryptocurrencies under the current regulatory framework, according to a report by Bitcoin.com. The financial regulator also talked about the registration requirements for stablecoins’ issuers and dealers. Stablecoin is a term used to describe cryptocurrencies meant to hold stable values, designed to minimize the price volatility. In Japan, crypto companies are required to follow Fund Settlement Law and Payment Services Act. The Fund Settlement Law defines virtual currencies, including cryptocurrencies, as a means of payment and exempts them from consumption…

American Man To Be Sentenced For Dealing Millions In Bitcoin (BTC)

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Bitcoin Fanatic To Be Convicted For Operating A”Unlicensed Money Transmitting Business“ Per a “News Release Summary” from the United States Department of Justice (DOJ), during a federal-level court hearing, a U.S. citizen has pled guilty to a crime pertaining to the cryptocurrency realm, or Bitcoin (BTC) to be specific. The citizen, Jacob Burrell Campos of San Diego, reportedly confessed to operating an unlicensed money transmitting business, which was focused on the purchase and sale of crypto assets, Bitcoin (BTC) included. Campos reportedly sold “hundreds of thousands of dollars” worth of BTC…

Bitcoin Cash Price Analysis: BCH/USD Recovery Facing Hurdles

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Key Points Bitcoin cash price started a short term correction and moved above $420 against the US Dollar. There is an ascending channel in place with support at $415 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair recently tested the channel resistance and failed to break the $422-423 zone. Bitcoin cash price remains in a bearish zone below $430 against the US Dollar. BCH/USD may correct further higher, but it is likely to find resistance near $425-430. Bitcoin Cash Price Analysis Yesterday, we saw…

Volumes Dry Up as Monthly Losses Rise to 23 Percent

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Even as traders and investors maintain a bullish outlook, XRP/USD monthly losses are high. Because of Oct 29 losses, we shall revert back to neutral, holding off trading now that our stops at 45 cents were hit on Monday. Encouragingly, the hype around Ripple’s achievement, XRP may find support at 40 cents and perhaps steer a comeback. Latest Ripple News Clearly, digital assets are not like stocks. The latter are more stable and react to prices—fast! Unlike stocks, XRP is a sought after assets. The coin became a talk in…

Cardano (ADA/USD) Shed 18 percent as Bear Momentum Pick up

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At the face of bears, Cardano (ADA/USD) pair losses are steep. It’s down 18 percent in the last month as LTC/USD sink deeper into loss making territory despite market building announcements. This divergence between technical candlestick formation and fundamentals could temper prices. But first we need to see strong rejection of lower lows. Let’s have a look at these charts: EOS/USD Price Analysis EOS Nation, a group of well-meaning developers drawn from different block producers shall vote today and decide on whether they shall release a tool, EOS Referendum that…