Day: March 8, 2019

Bitcoin (BTC) Following Parabolic Trend, $50,000 By 2022 Expected

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Bitcoin Holding Parabolic Trend, Even In Crypto Winter Over the course of 2018, Bitcoin (BTC) broke a number of key technical levels. In some cases, the cryptocurrency fell so fast (and hard) that its moving averages didn’t catch up to it for months. And while nearly every notable support line, like the $10,000 and $6,000, have been snapped, an analyst argues that BTC remains in its most essential uptrend to date, one that could bring the digital asset to the moon. Cane Island Crypto, the creator of Network Value to…

Ethereum Price Analysis: ETH Could Turn Bearish Again Below $134

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ETH price failed to break the $139 and $140 resistance levels against the US Dollar. The price started a downside move, with an increase in selling pressure below the $138 level. Yesterday’s highlighted ascending channel with support at $137 was breached on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline sharply if sellers manage to push the price below the $134 support level. Ethereum price is struggling to hold recent gains against the US Dollar and bitcoin. ETH/USD is now at a risk of a…

Fidelity’s Crypto Head: Ethereum Upgrades Could Delay ETH Integration

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Bitcoin First, Ethereum Later At long last, Fidelity’s cryptocurrency subsidiary, the fittingly-named Fidelity Digital Asset Services (FDAS), is nearing a full launch. FDAS chief Tom Jessop, formerly of Goldman Sachs, Standard & Poor’s, among other Wall Street institutions, touched on the subject matter in an interview with CoinDesk. He told the outlet that while the branch’s advent is nearing, they have yet to integrate Ethereum (ETH). Jessop remarked that his organization has created an evaluation process for cryptocurrencies, likely much like Coinbase’s, in a bid to support bonafide projects with…

Crypto Skeptic Massachusetts Secretary Creates Fintech Advisory Group

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The office of the Secretary of the Commonwealth of Massachusetts, which oversees the state’s securities regulator, has reportedly formed a fintech advisory group, banking trade publication American Banker reports on March 7. The office of Secretary William Gavin has reportedly formed a group comprising representatives from Eastern Bank in Boston, a blockchain firm called Arwen, academics and legal experts, and other firms. The group will focus on developments in the fintech industry, including digital currencies. Gavin said: “This working group includes key players from a broad spectrum of the fintech…

Russian Private Crypto Users May Face 15 Years in Prison for Avoiding Registration

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Russian Private Crypto Users May Face 15 Years in Prison for Avoiding Registration March 7, 2019 by Jeff Fawkes Anatoly Aksakov, head of the Russian Gosduma’s financial markets committee, has declared he wants all crypto users to pass KYC/AML in order to fight money laundering in the field. He also notes that Russian citizens will have to obtain a special “visa” document in order to have the right to buy, sell and transfer ”Digital Financial Assets” in exchange for fiat money. Also read: Coinbase to Remove Neutrino Employees Who Worked for Hacking…

OKEx Lists Tron on Customer-to-Customer Trading Platform

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Malta-based cryptocurrency exchange OKEx has began listing Tron (TRX) on its customer-to-customer (C2C) trading market, according to a press release shared with Cointelegraph on March 7. OKEx’s decentralized C2C trading platform enables users to trade digital assets directly with each other, much like a peer-to-peer (p2p) model. On the platform, users are able to place orders with self-selected exchange rates and payment methods including cryptocurrencies and fiat currencies such as British pounds, Chinese renminbi, Vietnamese dong, Russian rubles and Thai baht. Following the listing, the exchange will launch several promotional…

‘Arrogant’ Bitcoin Fans are ‘Totally Clueless’, Rants Crypto-Hating Roubini

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Bitcoin is an “exponential, parabolic bubble,” and bitcoin investors are “arrogant, ignorant, clueless” zealots and fanatics. That’s the opinion of avowed crypto-hater Nouriel Roubini, an economics professor at New York University. Roubini made the remarks in an interview with the CFA Institute, where he again trashed cryptocurrencies as worthless and its proponents as mouth-breathing morons. Bitcoiners are Ignorant ‘Zealots and Fanatics’ Roubini says he doesn’t understand how bitcoin enthusiasts can be so clueless and gullible because it’s obvious to him that the entire industry is a massive scam. “I engage…

‘Arrogant’ Bitcoin Fans are ‘Totally Clueless’, Rants Crypto-Hating Roubini

boss

Bitcoin is an “exponential, parabolic bubble,” and bitcoin investors are “arrogant, ignorant, clueless” zealots and fanatics. That’s the opinion of avowed crypto-hater Nouriel Roubini, an economics professor at New York University. Roubini made the remarks in an interview with the CFA Institute, where he again trashed cryptocurrencies as worthless and its proponents as mouth-breathing morons. Bitcoiners are Ignorant ‘Zealots and Fanatics’ Roubini says he doesn’t understand how bitcoin enthusiasts can be so clueless and gullible because it’s obvious to him that the entire industry is a massive scam. “I engage…

French Financial Regulator Proposes Ban on Anonymous Cryptocurrencies

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The head of the Finance Committee of France’s National Assembly, Eric Woerth, is suggesting a ban on anonymous cryptocurrencies, or so-called privacy coins. Woerth expressed his position in a recent report on crypto assets and blockchain technology. In a forward to the report, Woerth considers the introduction of a ban on digital currencies that provide greater anonymity to users, stating: “It would also have been appropriate to propose a ban on the dissemination and trade in [cryptocurrencies built] to ensure complete anonymity by preventing any identification procedure by design. […]…