Day: December 7, 2018

SEC’s Crypto Mom: Bitcoin ETF Could Be Approved Tomorrow or in Ten Years Time

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Hester Peirce (left). Photo: Hester Peirce / Twitter Peirce, nicknamed ‘Crypto Mom’ by the crypto community, is an advocate for a crypto ETF and tries to pursue the SEC to approve a Bitcoin ETF soon. With the Van Eck ETF on the line in February 2019, a decision has to be made by the SEC whether they want to accept a Bitcoin ETF now, or not just yet. She said: “Don’t hold your breath. I do caution people to not live or die on when a crypto or bitcoin ETF…

Binance Extends Support For Larger Trading Firms With New Sub-Account Feature

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Binance has released what it describes as a “long-awaited” feature on its exchange, sub-accounts. Sub-accounts will be accounts that do not have full control over the assets in the trading account – ideal for trading firms who are looking to get into cryptocurrency and firms that are already trading in cryptocurrency with multiple desks. At Binance, we strive to fulfill the needs of our users and to constantly improve the user experience. The ability to have sub accounts was one of our most-requested features — we have been working on this functionality…

Ethereum Flash Crashes to $13 on Coinbase, Low Orders Filled

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Earlier today, the Ethereum price temporarily fell to $13 on GDAX, a high performance trading platform operated by Coinbase. According to former forex trader and cryptocurrency analyst Cole Garner, low orders in the range of $13 to $60 were actually filled on the platform. Garner published screenshots of GDAX that showed successfully filed orders at $55 and $65. As of December 7, the price of Ethereum (ETH) remains at $85 and at the lowest point of the day, ETH dropped to $83. At $55 and $65, Garner was able to…

Why A Bitcoin (BTC) ETF Might Be Approved in February 2019

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A few hours ago, the cryptocurrency and investor communities were notified of the delay by the Securities and Exchange Commission (SEC) to rule on the pending VanEck Bitcoin ETF until February 27th. Some have even linked the announcement to the current blood bath in the crypto markets that has the total crypto market capitalization at $108.68 Million with BTC trading at $3,433 ahead of a shakey weekend. Ethereum (ETH) has dropped under $90 and is trading at $87. The only coin in the top 100 doing well is Bitcoin SV…

Cardano Price Analysis: ADA/USD Decline Below $0.030 Looks Real

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Key Highlights ADA price declined heavily and broke the $0.0320 and $0.0300 support levels against the US Dollar (tethered). There are two bearish trend lines formed with resistance at $0.0320 and $0.0350 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher in the short term, but upsides remain capped near $0.0320 and $0.0310. Cardano price is under heavy selling pressure against the US Dollar and Bitcoin. ADA/USD may continue to decline and it could test the $0.0260 support. Cardano Price Analysis There…

Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting

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The National Police Agency of Japan has revealed that between January and October this year, it recorded 5,944 reports from crypto exchanges regarding suspicious cryptocurrency transactions possibly involving money laundering and tax evasion. Figures reported by Jiji Press show that from 699 cases reported last year, the numbers have multiplied more than eight-fold, which the NPA sees as proof that operators are taking their reporting obligations more seriously now. According to a report in the Japan Times 699 cases of suspicious cryptocurrency transactions were recorded between April and December last…

Ripple Price Analysis: XRP/USD Remains Sell Near $0.3200

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Key Highlights Ripple price fell heavily and broke the $0.3200 and $0.3000 support levels against the US dollar. There is a major bearish trend line in place with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a major downtrend and recoveries remain capped near $0.3100 and $0.3200. Ripple price is under heavy selling pressure against the US Dollar and Bitcoin. XRP/USD may recover in the short term, but upsides remain capped near $0.3200. Ripple Price Analysis The past few…

Ethereum Price Analysis: ETH/USD Nosedives Below $90, What’s Next?

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Key Highlights ETH price traded lower sharply below the $100 and $90 support levels against the US Dollar. There are two key bearish trend lines formed with resistance at $96 and $102 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline and it may even break the $80 and $75 levels. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD is currently well below $90 and it could slide further towards $75 or $70. Ethereum Price Analysis Yesterday, we saw a…

EOS, Monero (XMR), Litecoin (LTC), Stellar Lumens (XLM), Cardano (ADA) Price Analysis

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Aside from Litecoin, most coins under our preview are trading below important support levels. After breaking below 15 cents, we expect Stellar Lumens prices to drop to 8 cents while Cardano’s losses could see ADA print new 2018 lows. Let’s have a look at these charts: EOS Price Analysis No doubt, losses are steep in EOS/USD pair. It is even made worse by centralization claims, Dan Larimer project hopping and the obvious block producer corruption. At spot prices EOS is down 11 percent in the last day pushing weekly losses…

‘Don’t Hold Your Breath,’ Waiting for Bitcoin ETF Says SEC ‘Crypto Mom’

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A commissioner of the United States Securities and Exchange Commission (SEC) said ‘not to hold your breath’ waiting for a Bitcoin exchange-traded fund (ETF) at the Digital Asset Investment Forum held in Washington D.C. Dec. 5. Hester Peirce, dubbed “Crypto Mom” by the community for her dissent with the SEC’s decision to reject a Bitcoin ETF proposed by Cameron and Tyler Winklevoss, said that a crypto or Bitcoin ETF is “definitely possible,” but it could be years away: “Definitely possible could be 20 years from now or it could be tomorrow.…