Day: April 15, 2019

BitMEX CEO Arthur Hayes Reveals Plans to Open Crypto Options Platform

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Arthur Hayes, co-founder and CEO of major crypto derivatives exchange BitMEX, has revealed that the firm is hoping to open a cryptocurrency options platform in the medium term. Hayes made his remarks during an interview on the Venture Coinist podcast on April 12. Hayes — a former equities trader for Citigroup — indicated a rough timeline for the prospective launch, stating that: “We hope to possibly have our own options platform in maybe 12 to 18 months.” Hayes hinted at aspirations to innovate options listing, saying “we have somebody working…

Use the Bitcoin Cash Notary to Back Up Important Documents

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Proving ownership of copyrighted material through traditional means such as applying for a patent is expensive and involves third parties in most jurisdictions around the world. The Bitcoin.com Notary tool is an alternative that can do that at very little cost and without the need to reveal the information you want to protect. Also read: Cryptonite Browser Extension Protects You From Phishing Sites and Fake Profiles Prove a Document’s Existence Without a Third Party With the Bitcoin Cash Notary service users can create a timestamped proof of a document’s existence…

Bithumb Exchange Operator Gains $200 Million From Japanese Investment Fund

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The parent company of major South Korean cryptocurrency exchange Bithumb has received $200 million in funding from Japan’s ST Blockchain Fund, the latter confirmed in a press release shared with Cointelegraph Japan on April 15. The cash, which forms part of a Series A funding round, will allow Blockchain Exchange Alliance (BXA) to expand the international side of Bithumb, which is already one of South Korea’s largest exchanges. New trading pairs will also appear, the press release notes. ST Blockchain Fund is based in Japan, but features participation from investors…

Bitcoin Price Analysis: BTC/USD Expected to Rise Above $5,299

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Photo: QuoteInspector Key Highlights: Bitcoin price is consolidating; the Bulls may take over the BTC market; traders should be patient before taking a position. BTC/USD Medium-term Trend: Ranging Resistance levels: $5,299, $5,574, $5,840Support levels: $4,988, $4,742, $4,491 On the Medium-term outlook, BTC/USD is ranging. The crypto was bearish last week trending down towards $4,988 support level. The Bears lost the momentum at $4,988 price level and the bulls have no pressure, then; BTC/USD started consolidating within the range of $5,299 resistance level and $4,988 support level. Bitcoin price was trading…

Nasty Pullback Inbound? Analyst Warns That Bitcoin (BTC) Isn’t Bullish Yet

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Bitcoin MACD Looks To Cross Bearish, Sell-Off Possible Over the past 48 hours, Bitcoin has trended higher, posting a 2% gain in the past 24 hours after a 10% sell-off earlier this week, which optimists deemed the last shakeout before a bull run. One analyst, however, claims that there is more pain in store for BTC and its investors, remarking on the fact that key indicators are leaning bearish. The analyst, who goes by the interesting moniker “Magic Poop Cannon,” explains that while Bitcoin’s early-April rally, which brought it past…

Nasty Pullback Inbound? Analyst Warns That Bitcoin (BTC) Isn’t Bullish Yet

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Bitcoin MACD Looks To Cross Bearish, Sell-Off Possible Over the past 48 hours, Bitcoin has trended higher, posting a 2% gain in the past 24 hours after a 10% sell-off earlier this week, which optimists deemed the last shakeout before a bull run. One analyst, however, claims that there is more pain in store for BTC and its investors, remarking on the fact that key indicators are leaning bearish. The analyst, who goes by the interesting moniker “Magic Poop Cannon,” explains that while Bitcoin’s early-April rally, which brought it past…

Bitcoin (BTC) Price Primed For Gains With Bullish Sentiment On Rise

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Bitcoin price fund a strong support near the $4,920 level and later recovered against the US Dollar. The price broke the $5,120 resistance level to move into a positive zone. There was a break above a key bearish trend line with resistance at $5,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is now trading nicely above the $5,150 level and the 100 hourly simple moving average. Bitcoin price rebounded nicely above $5,100 against the US Dollar. BTC is currently showing positive signs and…

Crypto Market Starts Fresh Increase: EOS, Bitcoin Cash, TRX, ADA Price Analysis

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The total crypto market cap stayed above the $158.0B support and climbed above $165.0B. EOS price is climbing higher and it recently broke the $5.40 and $5.50 resistance levels. Bitcoin cash price is back above the $300 resistance with a positive structure. Tron (TRX) price found support near the $0.0260 level and recently recovered higher. Cardano (ADA) price is slowly moving higher towards the $0.0900 resistance level. The crypto market started a fresh increase, with bullish moves in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron (TRX), ADA, BNB…

Mayer Multiple Passing 1.0 Signals That Bitcoin (BTC) Bear Market Might Be Over

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Historical Trends Show Bitcoin Might Have Bottomed At $3,100 The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC might have bottomed. As explained by analyst Crypto Kea, the multiple, which weighs the price and 200-day moving average (key support/resistance), recently passed 1.0 after falling to 0.51 on December 14th. Kea claims that this simple fact “might have just indicated the bottom of this bear market.” The analyst looks to the fact that in previous market cycles, whenever the Mayer…

Ethereum (ETH) Price Showing Positive Signs Above 100 SMA

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ETH price declined towards the $160 support against the US Dollar, where buyers took a stand. The price recently recovered and traded above the $165 and $166 resistance levels. There was a break above a contracting triangle with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently gaining momentum above $165 and it is placed nicely above the 100 hourly SMA. Ethereum price gained traction from the recent lower versus the US Dollar and bitcoin. ETH is trading with a positive bias…