Day: September 25, 2019

Ripple Price (XRP) Rebound After 15% Drop Is Facing Resistance

boss

Ripple price declined sharply after it broke the $0.2650 and $0.2500 supports against the US dollar. The price is down more than 10% and it recently traded close to the $0.2050 level. Yesterday’s highlighted declining channel was breached with support near $0.2620 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently correcting higher, but it is facing hurdles near $0.2450 and $0.2550. Ripple price is currently rebounding after a sharp decline against the US Dollar, similar to bitcoin and Ethereum. XRP price is…

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

boss

Galen Moore is a member of the CoinDesk Research team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.  It’s a lively time for bitcoin derivatives – or at least for those writing about them. For those trading them, it may be business as usual. The Chicago Mercantile Exchange (CME) announced Friday it is preparing to offer options trades on its bitcoin futures contract. It’s…

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

boss

Galen Moore is a member of the CoinDesk Research team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.  It’s a lively time for bitcoin derivatives – or at least for those writing about them. For those trading them, it may be business as usual. The Chicago Mercantile Exchange (CME) announced Friday it is preparing to offer options trades on its bitcoin futures contract. It’s…

Ethereum (ETH) Price Flash Crash To $150, Bitcoin Dives 10%

boss

ETH price declined heavily and tumbled more than 10% below $185 against the US Dollar. The price is currently correcting higher after it traded close to the $150 level. There is a new major bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is down more than 10% and it broke the $9,000 support area. Ethereum price is back in a downtrend below $185 versus the US Dollar, similar to bitcoin below $10,000. ETH price might correct higher, but…

BitFlyer Adds 5 Altcoins to Its Trading Platforms in Europe and the US

boss

BitFlyer, a Tokyo-based cryptocurrency exchange, is adding 5 new altcoins to its platforms in Europe and the United States. Five new altcoins added in Europe, three in US On Sept. 23, cryptocurrency exchange bitFlyer announced that it is adding five new altcoins in Europe: Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK) and Monacoin (MONA), which will be available immediately to its European customers, while bitFlyer U.S. customers will have immediate access to three of these coins: BCH, ETC, and LTC. The exchange, which is one of the…

H&R Block Offers Solutions for Taxpayers With Crypto Transactions

boss

United States-based accounting firm H&R Block has begun serving as an intermediary between crypto users and the Internal Revenue Service (IRS) after the agency began sending letters to crypto traders who may have failed to report income and pay taxes. According to a Sept. 24 news release, H&R Block has rolled out a new service targeting people who have engaged in digital currency transactions, specifically providing consultations on how to properly file their cryptocurrency gains and losses on tax returns. The IRS expands efforts involving virtual currency The IRS initially sent…