Please share if you find this article interesting. BTC Markets Update: Major Symmetrical Triangle Set to Break Market Updates The BTC markets are currently testing two major trendlines comprising a major symmetrical triangle. As of this writing, bitcoin appears to be following a major ascending trendline that dates back to mid-2017, whilst simultaneously testing a descending trendline that runs from December’s all-time high of nearly $20,000 USD to the local high of approximately $10,000. Many traders are expecting that the resolution of the triangle will determine the direction of the next significant move in the BTC markets. Also Read: Data Prediction Sites Show More Conservative Cryptocurrency Price Forecasts Consolidatory Range Tightens for BTC In recent months, the BTC
Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Targets Fresh Highs Key HighlightsETH price is struggling to clear a significant resistance near $614 against the US Dollar.There is a major bullish trend line formed with support at $598 on the hourly chart of ETH/USD (data feed via Kraken).The pair may continue to trade in a range before making the next move either above $614 or below $600.Ethereum price is facing tough resistances against the US Dollar and Bitcoin. ETH/USD needs to gather pace above the $614 level to move further higher.Ethereum Price ResistanceThere were mostly ranging moves above the $590 level in ETH price against the US Dollar. The price traded above the $615 level recently, but it failed to break the $617 resistance. A hig...
Please share if you find this article interesting. Regulations Round-Up: CFTC Rejects FOIA Request, SEC Not Modifying Securities Laws Regulation In recent regulatory news, the United States Commodity Futures Trading Commission (CFTC) has rejected a Freedom of Information Act (FOIA) request regarding the subpoenas recently received by Bitfinex and Tether; the United States Securities and Exchanges (SEC) Chairman, Jay Clayton, has indicated that the regulator will not alter existing securities legislation to cater to cryptocurrencies. Maria Vullo, the Superintendent of Financial Services for the State of New York, has praised the regulatory efforts made by the CFTC and SEC in the arena of initial coin offerings, and the SEC has announced Valerie Szczepanik as the commission’s
Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Eyeing Upside Break Key PointsBitcoin cash price is currently facing a strong resistance near $1,160 against the US Dollar.There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair might dip a few points, but the overall bias is positive above the $1,100 support level.Bitcoin cash price remains in an uptrend above $1,100 against the US Dollar. BCH/USD has to move past $1,160 and $1,180 to gain upside momentum.Bitcoin Cash Price ResistanceThere were mostly ranging moves above the $1,100 support area in bitcoin cash price against the US Dollar. The price traded towards the $1,170 level, but it failed to move fur...
Most universities have evolved from being a place where some of society’s smartest would go for some additional learning to a place where most of society’s mindless sheep go into insurmountable debt just to be indoctrinated by morons into communist-style false economic beliefs. Or, as I have put it in the past, college is where people who can’t think for themselves go for four more years of training. So it was no surprise when Robert Skidelsky, professor of political economy at Warwick University and a member of the British House of Lords (another sign he’s human garbage), wrote a sniveling piece for FN London titled, "Stop Trying to Reinvent The Monetary Wheel With Bitcoin." As the meme goes, it’s like an old man yelling at Bitcoin, so to spare you the headache (and
Please share if you find this article interesting. Marijuana Cryptocurrency May Sponsor Dennis Rodman’s Trip to US-North Korea Summit PotCoin is reportedly in discussions with representatives of Dennis Rodman to sponsor his trip to the US-North Korea summit in Singapore next week, the Washington Post reported June 7. PotCoin is a cryptocurrency created to facilitate transactions within the legalized cannabis industry. Rodman’s agent Chris Volo confirmed the former basketball star’s interest in traveling to Singapore, saying he would provide “moral support” to President Trump and Kim Jong Un. The Canada-based cryptocurrency sponsored Rodman’s trip to North Korea in 2017, when its price spiked after Rodman wore a shirt with their logo while in the country. Volo reportedly said that
Please share if you find this article interesting. Korean Crypto Exchange Coinone and 20 Traders to Face Charges Over Margin Trading - Bitcoin News Exchanges The South Korean police are reportedly preparing to charge Coinone’s executives, including its CEO, and 20 of the exchange’s members. This follows a 10-month investigation on allegations that the exchange provided gambling services through its crypto margin trading program. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinone’s Investigation Concludes South Korea’s Cybercrime Investigation Unit of the Southern Provincial Police Department announced on Thursday, June 7, its plan to bring charges against Coinone over the exchange’s margin trading service, local media report. Coinone, which opened in Aug
Please share if you find this article interesting. Deutsche Bank, Allianz, Auto1 Partner to Create Car Financing Blockchain Platform German insurance group Allianz and Deutsche Bank have partnered with Berlin-based car exchange Auto1 to offer auto financing using blockchain technology, Cointelegraph auf Deutsch reported today, June 7. The three partners have created a new company called “Auto1 Fintech” of which they together own more than 50 percent. The new venture will offer insurance products and loan refinancing for car dealerships that buy Auto1’s vehicles, said co-CEO Hakan Koc In an interview with Bloomberg. Auto1, which is backed by SoftBank Group Corp., is an online exchange for used cars that buys them from individuals and then resells them to dealerships. The loan paym
Please share if you find this article interesting. Report: $1.1 Bln In Crypto Has Been Stolen This Year Cybersecurity company Carbon Black announced that roughly $1.1 bln worth of digital currency has been stolen in the first half of 2018, CNBC reported June 7. The security company said that criminals take advantage of the dark web to facilitate large-scale cryptocurrency theft. Estimates reportedly show that there are 12,000 marketplaces and 34,000 offerings associated with cryptotheft hackers can take advantage of. The dark web can be only accessed with the application of special software and allows users to stay anonymous and mostly untraceable. Carbon Black Security strategist Rick McElroy, who was interviewed by CNBC, said that basic malware costs an average of $224 and can ...
Please share if you find this article interesting. Mike Hearn's Crowdfunding Project Has Been Resurrected — Meet Lighthouse.cash - Bitcoin News News Back in January 2015, Bitcoin developer Mike Hearn launched a BTC-powered crowdfunding application called Lighthouse, and cryptocurrency enthusiasts were very excited about beta version release. Following the launch, Mike Hearn had left the Bitcoin community because he predicted BTC was headed for serious scaling issues, and he was upset with the Core development team’s willingness to compromise. Since then the Lighthouse project was left behind and forgotten, and much like the variety of revived applications coming back to the crypto-ecosystem, the Lighthouse platform is seeing a revival by using Bitcoin Cash. Also Read: IMF Sa