Please share if you find this article interesting. Ripple Price Technical Analysis – Can XRP/USD Gain Upside Momentum? Key Highlights Ripple price is finding strong buying interest near the $0.9100 level against the US dollar. Buyers are making an attempt to push the price above a bearish trend line at $0.9550 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair could accelerate higher once there is a close above the $0.9800 resistance in the near term. Ripple price is following a bullish path against the US Dollar and Bitcoin. XRP/USD should move above the $0.9800 resistance to gain upside momentum. Ripple Price Rise There was a positive development in Ripple price from the $0.9000 swing low against the US Dollar. The price tested the $0.9100 and $0.9000
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Remains Supported Key Points Bitcoin cash price is well supported above the $1,160-1,180 support area against the US Dollar. Buyers are attempting an upside break above a bearish trend line with resistance at $1,250 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may rise in the short term towards the $1,300 and $1,325 resistance levels. Bitcoin cash price is positioned nicely above the $1,160 support area against the US Dollar. BCH/USD may slowly gain pace and move higher towards the $1,350 level. Bitcoin Cash Price Consolidation It seems like bitcoin cash price is consolidating above the $1,160 support level against the US Dollar. There were a couple of attempts
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 02/14/2018 – Sitting Tight for a Breakout Bitcoin Price Key Highlights Bitcoin price is currently consolidating, forming higher lows and lower highs inside a triangle pattern. Price is bouncing off support and might be due for a test of resistance soon. Technical indicators are also suggesting that the bounce could take place, possibly even leading to an upside break. Bitcoin price is finding support at the bottom of its triangle consolidation and may be due for a move past the resistance if buyers are strong enough. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. This means that support is more likely to
Please share if you find this article interesting. U.S. Corporate Customers Barred From Bitfinex’s Margin Markets? News Multiple concerned U.S. corporate customers of Bitfinex have posted on Reddit after discovering that they were unable to access the exchange’s margin trading services. Although Bitfinex has previously indicated that it would no longer allow U.S individuals to access the exchange’s services, Bitfinex’s support portal currently states that the restrictions do not affect U.S. corporate customers. Also Read: U.S. Regulators Send Tether and Bitfinex Subpoenas Bitfinex Restricts U.S. Corporate Account Holders From Accessing Margin Markets In recent days, several Redditors claiming to be U.S.-based corporate customers of Bitfinex have complained that they have sud
Please share if you find this article interesting. Through your VR glasses: A Startup Sets Up A Virtual Apartments Contest MARK.SPACE, an ambitious Singapore-based startup with Russian roots, has recently made a visual designer construction kit publicly available, and started a 3D design competition among its users promising massive token rewards. In addition, the platform has cooperation agreements with such partners as Jaguar Land Rover, GAS Jeans, Desigual, Trussardi, Baldinini, Patricia Pepe, Liu-Jo, Dstrezzed, Satorisan and others. Therefore, there is no need for a SOFT-CAP installation. Imaginary rooms and real tokens Founded in 2015, MARK.SPACE is showing great promise, and it is one of a few VR startups that has decided to develop a platform built on its own Blockchain. T...
Please share if you find this article interesting. Bitcoin Luges Its Way Into Winter Olympics The 2018 Winter Olympic Games will be a big talking point for the next two weeks and there’s a team that the wider cryptocurrency community can get behind in South Korea. Just like Cool Runnings made Jamaica’s first ever bobsled team famous, the latest edition of the Winter Olympics will see the USA luge team become a champion for Bitcoin in what could be a first for cryptocurrency in the sport. The USA Luge Foundation has been campaigning for donations in Bitcoin on Medium since December 2017. While they can’t wear any sponsor logos at the Olympics, the team has promised to promote the preeminent cryptocurrency in upcoming competitions, depending on how much Bitcoin they raise. The team
Please share if you find this article interesting. Bank of Thailand Bans Banks From Cryptocurrency Activities - Bitcoin News Regulation The Thai central bank has prohibited financial institutions in the country from five key cryptocurrency activities, including banning customers from buying cryptocurrencies with credit cards. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Banks Banned From 5 Crypto Activities The Bank of Thailand (BOT) issued a circular on Monday asking “financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading,” Reuters translated. Mr. Wisit Santiprabop, the central bank’s governor, signed the circular which outlines five key cryptocurrency activit
Please share if you find this article interesting. Crime Syndicate Co-Founder Worth 100,000 BTC Arrested in Thailand News The Federal Bureau of Investigation (FBI) has claimed that Sergey Sergeyvich Medvedev, a Russian national recently arrested in Bangkok, was the co-founder and second in command of the Infraud group – a notorious international cyber crime syndicate. It has been reported that at the time of his arrest, Mr. Medvedev was in possession of more than 100,000 bitcoins. Also Read: Japan Cracks Down on Foreign ICO Agency Operating Without License Accused Cyber Crime Syndicate Co-Founder Arrested in Thailand Sergey Medvedev arrested by Thai police Sergey Sergeyvich Medvedev is accused of being the co-founder and second in command of the transnational crime syndicate
Please share if you find this article interesting. Independent Ratings Agency Alerts Investors About Dangers of Tether - Bitcoin News Altcoins Another outside observer of the controversial tether cryptocurrency is warning about the dangers it presents for the uninterrupted operation of USDT exchanges. Weiss Ratings is seeking to educate investors on the systematic risk tether introduces to the ecosystem. Also Read: Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors Inherent Risks of Blind Trust Weiss Ratings, an independent U.S. agency which recently published letter grades for cryptocurrencies, has issued an alert to investors about the dangers of tether (USDT). It highlights common fears about the stablecoin which is claimed to be fully covered by U.S.
Please share if you find this article interesting. South Korea Considers Adopting Crypto Exchange Licensing System Like NY’s BitLicense South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of a virtual currency taskforce: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely [to] benchmark the model [against that] of the State of New York that gives a selective permission.” BitLicense is a license to opera