Day: May 21, 2019

Ethereum (ETH) Price Following Rising Channel: Targets $270, $280

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ETH price is trading nicely above the $245, $240 and $232 support levels against the US Dollar. The price recently tested the $265 level and corrected lower to test the $240 support. There is a new rising channel forming with support near $245 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well supported on the downside near the $245 level and the 100 hourly simple moving average. Ethereum price is following bullish path above $245 versus the US Dollar, but struggling vs bitcoin. ETH is…

Bitcoin (BTC) Likely On the Verge Of Parabolic Rally, Analyst Notes

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Bitcoin Indicators Point Towards Start Of Bull Run While some have been skeptical of this rally, claiming that Bitcoin (BTC) isn’t ready to rally, a few indicators show that the recent move to $8,000 is about to kick off a parabolic run. Popular analyst Nebraskan Gooner recently noted that his proprietary “Top Goon X” indicator, which has historically flashed “buy”/”parabolic” to precede massive moves to the upside, has just issued a signal after over three years of inactivity. As seen below, the last four times a “parabolic” signal was issued…

Leading ETF Authority Claims SEC Still Gathering Information on Bitcoin (BTC)

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In a frustrating move for both institutional and retail investors, the United States Securities & Exchange Commission (SEC) has ruled to delay its decision on Bitcoin ETFs–again. Since mid-2018, Bitcoin Exchange-Traded Funds (ETFs) have been the hot topic of conversation in cryptocurrency and a focal point for the industry in encouraging institutions to invest in digital assets. As opposed to approving the assortment of ETF applications brought before it, the SEC has routinely denied or delayed such claims. As reported by EWN, the U.S. regulatory body delayed its decision on…

UK Watchdog Reports $34 Million Lost in Crypto and Forex Scams Last Year

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The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams from 2018–2019 the Financial Times reports on May 20. According to the data, which the FCA gathered from the U.K. national fraud and cybercrime reporting center, Action Fraud, individual loss due to scams decreased from $76,000 to $18,500 while total losses fell by $14 million. However, the number of reports more than tripled to reach 1,834, with 81 percent of…

Ethereum (ETH) May Pull Back Over Next Two Weeks, BitMEX Data Hints

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Ethereum May Soon Consolidate It isn’t a secret that the cryptocurrency market has been on a tear. Bitcoin (BTC), Ethereum (ETH), and many other crypto assets are right under their year-to-date highs, and look poised to break into a decidedly bullish cycle. However, an astute observer, who goes by “Rptr45” on Twitter, suggests that the market may consolidate. The statistician looks to the fact that the daily funding rate on BitMEX, which is the percentage that investors pay on certain trades, has reached 0.34% for Ethereum traders. This is reportedly…

Zimbabwe Stock Exchange Eyes Blockchain-Based Products, Needs Regulatory Clarity

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Zimbabwe Stock Exchange (ZSE) chief executive Justin Bgoni says ZSE is interested in adopting blockchain technology if regulatory certainty can be achieved, according to a report by local news daily The Chronicle on May 20 Bgoni, while in favor of blockchain technology, is waiting to apply blockchain technology at ZSE until regulatory certainty issues have been resolved: “Then there is the money side to blockchain technology. This is a bit difficult, in terms of regulation, we are not yet clear on this and we do not want to do something…