Day: July 11, 2019

Bitcoin Price & Technical Analysis: It’s Nothing Awful in the BTC Correction

boss

Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD technical analysis The Bitcoin has become 11% cheaper during the last 24 hours The proportion of the BTC on the market has grown up to 65.1% The price of altcoins and the BTC will start growing sooner or later – Zhao On the weekly timeframe the BTC shows a correction after reaching the level of $13,883.07 around 76.0% Fibo. The first descending pullback wave has reached 38.2%. Further decline may be aiming at 50.0% ($8,580.00) and 61.8% ($7,360.00) in relation…

Bitcoin ATMs a Blind Spot for Money Laundering Laws

boss

Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other countries.  Bloomberg cites anonymous representatives of Guardia Civil (a type of Spanish law enforcement) alleging that the group hired two machines from trading platforms and installed them in an office in Madrid. The office…

Speech: The future of online advertising regulation

boss

Original script may differ from delivered version. Privacy in adtech is having a moment. There’ve been some interesting fascinating developments recently! Amazon continues to carve out a piece of the adtech pie with their recent purchase of Sizmek. The new Global Alliance for Responsible Advertising held their inaugural meeting in Cannes a few weeks ago. And Uber has launched legal action against some adtech companies on grounds of security. Closer to home, our neighbours at the Irish Data Protection Commission launched investigations into Quantcast and Google. And the French Data…

Bitcoin Price Drops $2K in 24 Hours But Bull View Still Intact

boss

View Bitcoin suffered a significant drop in the last 24 hours, but the higher-lows pattern on the daily chart is still intact and the outlook remains bullish. A daily close below the June 2 low of $9,615 would invalidate the bullish higher-lows pattern and confirm a bearish reversal. The case for a drop to $9,615 would strengthen if BTC prints a UTC close below $11,550 today, validating Wednesday’s bearish outside day candle. A high-volume wedge breakout on the hourly chart, if confirmed, would imply an end of the pullback and…

Bitcoin is Gold’s ‘Digital Imitation’ Says a Bit-Curious Peter Schiff

boss

Veteran gold bug Peter Schiff will debate the precious metal’s utility against Bitcoin (BTC) in a dedicated event with Anthony Pompliano, the latter confirmed on Twitter July 10. Pompliano, the co-founder and partner at Morgan Creek Digital known in the industry as Pomp, said he hoped to convince Schiff that Bitcoin was a worthwhile investment. “Peter should get a lot of credit for agreeing to this. Hopefully he walks away a Bitcoin believer,” he wrote announcing the debate, which will occur at an unspecified date on CNBC. Schiff, well known…

Binance Launches Bitcoin Margin Trading on 2.0 Platform with 3x Leverage

boss

Binance, the world’s largest cryptocurrency exchange by trading volume, has officially launched a margin trading platform. After strong demand from traders, the Binance 2.0 platform will allow users to leverage their trades across six digital assets: Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). #Binance Launches Margin Trading service for Evolving Cryptocurrency Traders Binance Margin is now available to all eligible users. #TradingEvolvedhttps://t.co/GPDIwKtO6E pic.twitter.com/85DtUtsJC5 — Binance (@binance) July 11, 2019 Margin trading on Binance The new margin functionality allows Binance users to amplify their trades…

‘Not Very Practical’ — Critics Say Political Crypto Donations a Marketing Ploy

boss

As one of only two crypto-accepting Democratic primary hopefuls withdraws his candidacy, political commentators have seized the moment to probe the crypto campaign donation trend. A report published by business media site Fast Company on July 10 has weighed in on presidential hopeful Eric Swalwell’s withdrawal with a focus on his role as one of two U.S. Democratic trailblazers to have opened his campaign to crypto donations. As distinct from fiat currency, Bitcoin (BTC) has been classified by the Federal Electoral Commission (FEC) as “in-kind” when it comes to donation…

3 Altcoins Emerge as Potential Hedge While Bitcoin Price Plummets

boss

You learn ten-times more about a market when it goes down than when it goes up. And during yesterday’s 10 percent bitcoin crash, we learnt something important. We learnt which altcoins stay strong in a crypto selloff. A very small group of altcoins outperformed bitcoin during yesterday’s selloff: BNB, Chainlink, and Leo. It’s the first sign that some alts are decoupling from bitcoin in a market that is wildly correlated. 3 altcoins stay strong as bitcoin falls When bitcoin falls, the key thing to watch is where traders look to…

Banking Giant Goldman Sachs Seeks Digital Asset Project Manager for Crypto Development

boss

The recent hot story from the crypto news sphere is that the banking giant Goldman Sachs may follow the footsteps of JPMorgan and will launch its own USD-backed stablecoin. The CEO of Goldman Sachs, David Solomon, reveled in an interview with French news outlet Les Echos recently that the company is studying cryptocurrency for tokenization of various asset class and exploring possible ways to disrupt the current financial market with new products and services. Goldman Sachs has plans to launch its own digital currency but the banking firm is not…

‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss

boss

Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9. Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit.  FANG refers to the unofficial ‘Big Four’ of the internet: Facebook, Amazon, Netflix and Google. “Our prediction is every FANG company will have some sort of cryptocurrency project within the next two years,” Tyler told the network.  Libra…