Please share if you find this article interesting. Bitcoin (BTC) Price Watch: Another Upside Break in Sight? Bitcoin Price Key HighlightsBitcoin price has been on a tear lately but has yet to break past another key resistance on its move higher.Price has been trading inside a descending triangle on the daily chart and is just testing the top.A move past this level could encounter one more dynamic resistance before setting its longer-term climb.Bitcoin price has broken one upside barrier after another and is testing another major one on its move higher.Technical Indicators SignalsThe 100 SMA is still below the longer-term 200 SMA to suggest that the path of least resistance is to the downside. In other words, there’s still a chance for the selloff to resume from here. The shorter-
Please share if you find this article interesting. Bitcoin's Price Sets Sights on $8K After Sunday Sell-off Bitcoin's price continues to hold ground amid a market sell-off, with growing momentum building to take out its next target of $8,000. The world's largest cryptocurrency by market capitalization fell 3 percent over the weekend, hitting $7,333, according to Bitfinex data, after a quick sell-off from investors dragged down market prices. As it turns out, bitcoin is slowly regaining and consolidating its losses to stand at $7,637.38 as of press time. The crypto shows strong signs of a steady recovery to retest the upper resistances found at $7,575 and $7,694 (the market's previous close and the previous high). The previous exponential moving average (EMA) bull cross, last se...
Please share if you find this article interesting. Bitcoin (BTC) Technical Analysis: With Institutional Involvement, BTC Fair Value above $10,000 Over the weekend, Bitcoin prices remained pretty stable with buyers jumping at $7,100 rejecting depreciation below $7,000. In any case, what we have is a nice bullish engulfing candlestick bouncing off a key support line at $6,000 following last week’s rapid gains. Even though our In this time frame, what’s important is July 17 bullish engulfing candlestick. By all accounts it’s a bullish break out candlestick which triggered our longs at $6,800 and $7,000.Now, while we had some consolidation late last week, the fact that July 22 bull candlestick confirmed July 17 thrust means we should continue loading longs in lower time frames.Ideal
Please share if you find this article interesting. EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Priming for Further Gains From the charts, it’s likely that EOS, Litecoin, IOTA and even Tron buyers will continue with their upward trajectory after yesterday’s rejection of lower lows. It’s important to note that this injection of buy momentum happened right at key support lines. Solely because of this and the way our charts are set up, we expect further In a mark of crypto confidence, Samsung Stores across the three Baltic States will in the coming days accept merchandise settlement using cryptocurrencies. As a coin designed as a means of exchange, coin holders would make payments in Litecoin (LTC). To make the whole process easy, Samsung shall work with Co
Please share if you find this article interesting. Bitcoin Breaks $7,500 Point After a Week of Solid Growth, BTC Dominance Goes Up Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap. Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth. Market visualization from Coin360 Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 ...
Please share if you find this article interesting. EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market A study on issues of competition in fintech, commissioned by the European Parliament Committee on Economic and Monetary Affairs (ECON), was published July 20. It found that central bank-issued digital currencies could be a “remedy” for a lack of competition policy in the crypto sector: “The arrival of permissioned cryptocurrencies promoted by banks, even by central banks, will reshape the current competition level in the cryptocurrency market, broadening the number of competitors.” The study mentions cryptocurrencies like Bitcoin (BTC) as “technological and operational paradigms that are a source of disruption for the entire sector,
Please share if you find this article interesting. Asian Asset Manager Focusing on Family Offices to Launch Crypto-Custody Solution The Fusang Investment Office, an Asia-based fund management firm focusing on family offices, is planning to launch a crypto-custody service in Hong Kong, local news outlet the South China Morning Post reports Sunday, July 22. The custody service, Fusang Vault, will hold digital assets for clients as well as provide periodic audits, according to the company’s CEO Henry Chong. The service’s launch is planned for the fourth quarter of 2018. Comparing digital assets to financial bonds, Chong noted the increasing need to provide an independent third party that would hold clients’ crypto assets, just like a demand for custodian bank services in conventiona
Please share if you find this article interesting. Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’ The Bank of Canada (BoC) has published a study on the “incentive compatibility” of blockchain technology this week, finding that double spending is an “unrealistic” outcome. The new BoC study focuses on a proof-of-work (PoW) protocol for blockchain technology, modelling the behaviors of a “honest miner” and a “dishonest miner.” The Canadian bank’s researchers modelled a system to check whether a digital ledger like blockchain was immune to types of “cheating” such as double spending, when users change records in the ledger for their own gain. The study writes that the main innovation of a digital ledger technology like blockchain is to make the users within
Please share if you find this article interesting. Mastercard Had An Outage, So Crypto Had a Field Day Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm's customer base. As might be expected, those affected quickly took to social media to voice their frustration with the credit card giant, which eventually was able to resolve the situation and resume service for its customers. In most cases, that would have been the end of the story. This time, however, Crypto Twitter took notice, and that made all the difference for what was likely a hectic day for the credit card giant's press team. In fact, the company's
Please share if you find this article interesting. Hodler’s Digest, July 16-22: Coinbase Backpedals on Regulatory Approval and Switzerland Becomes Even More Crypto Friendly Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto Exchange Coinbase Retracts Announcement Of Getting Regulatory Approval Major U.S. crypto exchange and wallet Coinbase has retracted their previous announcement that they had secured approval from U.S. regulators to list digital tokens considered to be securities. According to comments sent to Bloomberg, not only were