Day: October 24, 2019

Litecoin Price Technical Analysis (Oct. 24): Going Down with a Shooting Star Pattern?

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When looking at the chart below, we can see that Litecoin (LTC)trade is currently trading at $50.07. The cryptocurrency price has broken out of the channel and broken the support of $52 and found a new support at $48 with resistance at $ $50.5. Litecoin’s price is trading around its support level and we see formation of a shooting star pattern which is bearish reversal pattern. So the price is expected to touch the support again. Long position can be taken around support for swing trading. Dow Theory According to…

Visa Still Interested in Developing Libra With Facebook

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Alfred F. Kelly, CEO of major payment processor Visa, has said that the company is still in discussions with Facebook on the Libra project. In an interview with finance and economics-focused publication Economic Value on Oct. 24, Kelly assured the interviewer that Visa still maintains a close relationship with Facebook on the subject, as it believes that digital currencies provide safer payments to more people and places. Kelly said: “As a curious and open company — and given the leadership we have in the payments ecosystem — we want to…

Bakkt Will Launch Bitcoin Options on Futures on December 9

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It has become known that less than in 2 months Bakkt will introduce its regulated options contract for Bitcoin futures.  According to the blog post published by the company,  for the launch of these BTC options Bakkt will use its Monthly Bitcoin Futures contracts. Such a move can be viewed as a real milestone in […] It has become known that less than in 2 months Bakkt will introduce its regulated options contract for Bitcoin futures.  According to the blog post published by the company,  for the launch of these…

Proposed Bill Introduced Before Congress Seeks Classifying Stablecoins as Securities

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Sylvia Garcia, a Democrat lawmaker from Texas, has recently introduced to Congress a draft bill that seeks to create more regulatory clarity on stablecoins. The draft bill was introduced to the House of Financial Services. Under the purview of the Securities Act of 1933, the House will be empowered to regulate cryptocurrencies in the form of stablecoins. Stablecoins are digital currencies that are backed by real-world financial assets. These could be national currencies or valuable commodities such as oil. In theory, stablecoins tend to be more stable than independent cryptocurrencies…

No Bitcoin Price Breakout for Another Year; Here’s Why

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A zoomed out version of the bitcoin chart shows it would take the cryptocurrency another 365 days to achieve a full-fledged upside breakout. Brought to notice by Teddy Cleps, a prominent cryptocurrency analyst, the weekly Bitcoin chart shows the possibility of it forming a massive bullish pennant. In retrospective, a Pennant structure marks a pause in the price movement of an asset midway, followed by a strong breakout in the direction of the trend. However, if the formation lasts longer than four weeks, traders often start treating the Pennant as…

Thailand Pushes Permissive Regulations as First Legal ICO Is Launched

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After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has received approval from the country’s Securities and Investments Commission (SEC) to operate its subsidiary, SE Digital, as a regulated initial coin offering (ICO) portal. In doing so, SE Digital obtained permission to launch the first legitimate ICO in Thailand, with the company announcing that it hopes to raise between 2 billion and 3 billion Thai baht…

Bitcoin Price & Technical Analysis: BTC Cannot Help Selling

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis The US authorities could influence the BTC rate Opera has started supporting the BTC On W1, the Bitcoin keeps developing a downtrend inside the previous channel. The quotations have neared another target level of 61.8% ($7215.00) Fibo. Upon reaching this level, the quotations will be heading for 76.0% ($5700.00). However, the main goal of the mid-term wave is the long-term minimum of $3121.90. The last impulse misplaced the resistance level. Currently, the resistance is at 50.0% ($8500.00). A breakaway of…

Why Blockchain Startups Fail | Cointelegraph

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It’s no secret that starting and successfully launching a blockchain project is hard. When it comes to an ever-evolving and complex technology, getting a project off the ground takes more than just a great idea — it requires a dedicated team with the vision, expertise and resources to succeed. In 2017, Deloitte found that about 90% of the 26,000 blockchain projects launched the previous year had become idle. While blockchain technology has continued to mature over the past two years, the fact remains that too many blockchain projects are falling…

Bitcoin Below $8K Is a Buy Zone, Says Crypto Hedge Fund Co-Founder

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Joel Birch, the founder of crypto hedge fund and market research firm Lunar, said that he sees Bitcoin (BTC) at under $8,000 as a buying opportunity during an interview with Forbes published on Oct. 23. Buying bottom and selling top does not work Birch also explained that he does not believe in trying to time buying at bottoms and selling at the tops to be a good strategy. Instead, he is of the idea that “averaging in and averaging out is the best strategy.” This is a strategy in which…

IBM and Credits to Make IoT Data Secure

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The Internet of Things is here to stay, as an exponential growth of its use is being observed in recent years in a broad range of industries. From wearable devices to agriculture, E-government facilities, supply chain and smart cities, the smart concept is marshaling along the technological frontier.  Privacy and security vulnerabilities are the main concerns when it comes to IoT, as the amount of user data involved is colossal in scale. Cyber-attacks are a reality, as the variety of systems involved and the lack of homogeneity in the infrastructure…