Please share if you find this article interesting. Lithuania Issues Guidelines for When ICO Tokens Are Securities Lithuania's Ministry of Finance has issued guidelines on initial coin offerings (ICOs), outlining when cryptographic tokens would be viewed as securities and how each aspect of a token sale should be regulated by different laws in the country. According to the document published Friday, a defining feature in the recommended framework is whether a token "grants profits or governance rights" to investors who obtain the token through an ICO. While existing civil code should apply to all projects with tokens that can only be used as a payment tool or the right to access certain products, a variety of financial regulations should apply if a token grants profits or governan
Please share if you find this article interesting. Bitcoin Price Dips to Two-Month Low Below $7K The price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700. According to CoinDesk's Bitcoin Price Index, the world's largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10. Indeed, data shows that over the last 24-hours bitcoin failed to find solid support in the $7,470 zone, before plummeting 11 percent to $6,647. For traders, this means bitcoin's two-month uptrend appears to be in question. Trading at around $6,700, bitcoin is now within striking distance of its 2018 low of $5,947 set in February. With the bitcoin price declining, so too ha...
Please share if you find this article interesting. The Top 5 Ethereum Dapps By Daily Active Users From the mists of ideation, a first wave of ethereum dapps is starting to emerge. Launched in 2015 with the promise that developers could use its technology as a "secure backbone" for a new kind of software application, ethereum has long held the promise of enabling such innovations, all "without any possibility of downtime, censorship or third-party interference." So far, however, this vision has largely fueled an explosion of fundraising through initial coin offerings (ICOs), in which ethereum-based tokens were sold as the native currency for applications that were ostensibly being built, but in many cases have yet to see a real launch. In other words, there is plenty of fodder for...
Please share if you find this article interesting. Which Way? Bitcoin's Low Volatility May Force Big Move Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it's looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear. Since May 24, the cryptocurrency has been restricted to a range of $7,000–$7,800 range, which is already very tight, but the price has barely moved in the last 36 hours, likely indicating an indecisive market. Daily volatility, as indicated by the spread between the daily price high and daily price low, fell to $107.63 on Thursday – the lowest level since Oct. 2, 2017 and down 86 percent f
Please share if you find this article interesting. Bullish Signals Hint at Bitcoin Price Breakout Still stuck in a narrowing price range, BTC could soon rise to resistance above $8,000 if the bulls are able to leap the 50-week moving average hurdle. As of writing, the cryptocurrency is trading at $7,770 on Bitfinex, having been stuck in a narrowing price range (pennant) for months now. Defense of $7,000 last week and the 9.3 percent rise since then have neutralized the immediate bearish outlook and got investors talking about a possible rally to pennant resistance at $8,870. While that target may appear far-fetched, it may be put to test if bitcoin can first scale the key 50-week moving average (MA) resistance (currently located at $7,819) in a convincing manner. Weekly chart A
Please share if you find this article interesting. Binance Coin Hits Record High Against Bitcoin Binance coin (BNB), the token launched by the world's largest cryptocurrency exchange Binance, has hit an all-time high against bitcoin. BNB achieved the new milestone of 0.002287 BTC at 10:45 UTC Wednesday, and was last seen changing hands at 0.0022 BTC on Binance, up 8 percent since yesterday. The sharp rally pushed BNB's market capitalization to a five-month high above $1.9 billion, making it the 17th largest cryptocurrency by market capitalization. Further, the rally is backed by a 155 percent rise in trading volume over the last 48 hours, so the stellar gains look sustainable. Meanwhile, the binance coin-U.S. dollar (BNB/USD) exchange rate hit a 5.5-month high of $17.60 on Bina...
Please share if you find this article interesting. Treading Water: Bitcoin Bulls Await Break Above $7,780 Bitcoin (BTC) continues to operate in bearish territory and only a move above $7,780 would put the bulls back into the driver's seat, the technical charts indicate. As of writing, the cryptocurrency is trading at $7,591 on Bitfinex. The cryptocurrency was on the defensive yesterday, courtesy of a failed breakout and a rising-wedge breakdown and looked set to re-test the recent low of $7,040. However, sellers ran out of steam at $7,372, as indicated by a doji candle and prices moved back above $7,600 in the Asian session today. While the exact reason behind the bear exhaustion is unclear, it fits with a recently observed pattern that bitcoin changes direction in favor of the w
Please share if you find this article interesting. Magic Number? Chart Data Hints at June 6 Bitcoin Boost A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves. Intriguingly, the cryptocurrency tends to take a significant change of direction on the sixth day of every month. Having topped out in the $20,000 neighborhood in mid-December 2017, the cryptocurrency fell to a 2018 low of $6,000 on Feb. 6. Since then, the cryptocurrency has been restricted to a narrowing price range, as indicated by the triangle pattern in the chart below. What's more interesting is that major price highs and lows over that time have formed around the sixth day of every month. BTC daily chart The above chart (
Please share if you find this article interesting. Failed Breakout Revives Bitcoin's Bull-Bear Tug-of-War Bitcoin's retreat from Sunday's high of $7,779 has poured cold water over the bull mood generated by the weekend's positive price action and neutralized the immediate outlook. BTC closed on Sunday (as per UTC) above a key falling trendline resistance level, signaling a short-term bullish-to-bearish trend change. A bullish crossover between the 5-day and 10-day moving average (MA) also favored a short-term positive price action. However, bitcoin suffered a rising wedge breakdown (bearish pattern) in the U.S. hours on Monday, signaling that the corrective rally from the recent low of $7,040 had ended. In the end, the failed breakout was no surprise, as low trading volumes had w
Please share if you find this article interesting. When It's Time to Rebalance Your Crypto Asset Portfolio Willy Woo is an avid cryptocurrency trader and blogger, whose work is published at Woobull.com and via Twitter at @woonomic. The ideas in this post first appeared in a tweet published earlier this year. I think rebalancing a crypto portfolio to reduce exposure to a single crypto asset is the most intuitive yet completely wrong move long term investors make. Maybe your portfolio starts off nice and balanced and may look something like this... Maybe ICO "C" is that coin you bought only because your friend Carl would not leave you alone and you were sick of mopping up his froth from your new tiled floors every time he visited. A year later, it turns out ICO "C" has Satoshi