Ripple tested the key $0.2240 support area and recovered against the US Dollar, similar to bitcoin. XRP price is showing positive signs and it could rally to $0.2550 if it breaks $0.2420. Ripple price is recovering nicely from the $0.2240 support area against the US dollar. A key inverse head and shoulders is likely forming with support near $0.2320. There is a major bearish trend line forming with resistance near $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another rally towards…
Day: January 21, 2020
This Technical Pattern Suggests Ethereum Is Gearing For Another Lift-Off
Ethereum is trading nicely above the $162 and $158 support levels, similar to bitcoin above $8,500. ETH price is likely forming an inverse head and shoulders pattern, suggesting a fresh increase. Ether price is currently consolidating above the $162 support area against the US Dollar. Bitcoin price is finding a strong buying interest above the $8,500 support area. There is a key bearish trend line forming with resistance near $170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if it clears the $168 and…
CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead
In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By August, CME had announced record highs for Bitcoin futures trading. Most recently, Bakkt came into the market ahead of CME with its regulated options on Bitcoin futures. However, after successfully launching its own options contracts on…
CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead
In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By August, CME had announced record highs for Bitcoin futures trading. Most recently, Bakkt came into the market ahead of CME with its regulated options on Bitcoin futures. However, after successfully launching its own options contracts on…
Bitcoin Cash Gets Significant Privacy Boost With Cashfusion Alpha Launch
On January 17, the BCH developer known as Acidsploit announced the launch of the highly anticipated Cashfusion alpha. Interested parties can reach out to the Cashfusion developers via the team’s Telegram group to become an alpha tester. The news of the launch excited the BCH community a great deal, as it means a significant privacy tool is coming to the Bitcoin Cash environment. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Bitcoin Cash Is Becoming More Fungible During the last few months, there’s been a lot…
Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion
Britain’s tax agency is inviting contractors to provide a tech tool to help Britain’s tax agency combat crypto cybercriminals. What the agency wants The technology, which Her Majesty’s Revenue & Customs (HMRC) posted on Jan. 17 in an open contract call worth 100,000 pounds sterling, should gather intelligence through cluster analysis. The HMRC’s Cybercrime team hopes this will help them correlate crypto-asset transactions with service providers. As opposed to free online tools and human analysis that exist, HMRC reportedly believes a commercial product would help the agency illuminate the blind…