Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Surges Past $1900 Key Points Bitcoin cash price surged higher as forecasted yesterday above $1700 and $1900 against the US Dollar. This is a new major bullish trend line forming with support at $1720 on the hourly chart of BCH/USD (data feed from Kraken). The pair is currently correcting lower, but it remains supported on the downside at $1700. Bitcoin cash price made a sharp upside move above $1900 against the US Dollar. BCH/USD is currently correcting lower but remains buy at $1700. Bitcoin Cash Price Support Yesterday, I mentioned that bitcoin cash price is in an uptrend above the $1600 level against the US Dollar. The price made a nice upside move and was able to trade above the
Please share if you find this article interesting. Ethereum Price Hits All Time High of $750 Following Speed Boost Ethereum's price surge continued into today as the digital currency topped $700 to reach a high of $750 according to coinmarketcap.com. This brought Ethereum’s market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640. Transaction throughput The network's transaction speed and fee normalisation seem to have influenced the prince increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday. Good news: we just surpassed 10 tx/sec for an entire day
Please share if you find this article interesting. Blockchain Technology, Artificial Intelligence Enabling Democratization of Investing Financial markets play a vital role in today's economic framework, enabling companies to access the necessary capital to expand. They also allow investors to safeguard the value of their savings by hedging against economic outcomes. But the way markets are changing makes them look drastically different than they did even 10 years ago. Between the rise of Fintech, high frequency trading and artificial intelligence (AI), the world of finance has changed greatly. Also factors in these changes are the increased concentration of the world's capital in the hands of a select few banks and funds, making finance increasingly abstract from most people's da...
Please share if you find this article interesting. Company Behind $16K Smartphone Raises $110M In ICO SIRIN Labs, a producer of privacy-focused smartphones, has managed to raise $110 mln in the first 24 hours of its recent token sale, according to a press release published by the team. The substantial response to their campaign is notable against a backdrop of the overall market of the Initial Coin Offerings (ICOs) facing a period of decline. A likely reason for the strong response on the ICO’s first day is the fact that the team already had an established market presence. Back in 2016, SIRIN released the privacy-focused Android smartphone, Solarin. However, priced at over $16,000 a piece, it was not the most affordable option for the average consumer. The company is now developi
Please share if you find this article interesting. Price Analysis, December 14: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move is risky, you should conduct your own research when making a decision. Bitcoin futures are a reality. Will we soon see Bitcoin ETFs as well? Why not? A Bitcoin ETF will help the masses, and the institutional investors take a position in the new asset class. The additional scrutiny and the regulations that come with these new offerings will also boost the confidence in cryptocurrencies. Now, even political heads are warning that the current banking system may be on its...
Please share if you find this article interesting. Gibraltar Paves Way for Regulation of Crypto and DLT Companies Regulation The Legislature of Gibraltar has approved a bill designed to update the territory’s Financial Services regulations. The bill is expected to pave the way for the territory’s introduction of comprehensive legislation governing the operations of companies working in the distributed ledger and cryptocurrency industries next year. Also Read: Despite Regulation, Russians Plan to Build Europe’s Largest Mining Farms Gibraltar Updates “Financial Services (Investment and Fiduciary Services) Act” In an explanatory memorandum, the bill states its intention “to extend measures for the protection of investors to the customers of licensees carrying on controlled acti
Please share if you find this article interesting. Bitcoin Cash Will Close Out 2017 With Significant Infrastructure Support - Bitcoin News News The end of the year is approaching, and the Bitcoin Cash (BCH) network and community have continued to see significant growth. From merchant acceptance, cryptocurrency businesses integrating support, and many other additions to the BCH economy, shows that bitcoin cash will have some robust infrastructure for 2018. Also Read: Increased South African Bitcoin Adoption Highlights Need For Taxation Clarity Bitcoin Cash Trade Volume Jumps While BCH Price Heads Northbound This week the price of bitcoin cash has jumped quite a bit after meandering around the $1,300 region just a few weeks ago. Last night the price topped out at $2,000 per B
Please share if you find this article interesting. IOTA Drops on Controversy – Could this be Temporary? IOTA confirmed below a triangle chart pattern on Thursday after a Microsoft partnership misrepresentation scandal. What’s next for the new kid around the block? What Went Down Before Also called the new Bitcoin, IOTA’s market cap suddenly jumped to number 4 on the cryptocurrency list last week. Its price surged over 600% going from $1 to $5.5. One of the main reasons the company got so much attention was that they made us believe they are fully partnering up with Microsoft. CCN reported that large-scale conglomerates including Samsung, Cisco, and Volkswagen also partnered with IOTA, to utilize its Tangle-based solution for data monetization. What Happened This Week This week it
Please share if you find this article interesting. Senior VP Says eBay “Seriously Considering” Bitcoin Integration eBay, the $39 billion e-commerce platform, is seriously considering integrating Bitcoin into its platform as a payment method. In an interview with Yahoo Finance, eBay Americas senior vice president Scott Cutler stated that eBay is “seriously considering” integrating Bitcoin. Power of Bitcoin Throughout the past 12 months, the stock price of Overstock has increased by over 130 percent, triggered by the company’s involvement in various Bitcoin and Blockchain technology ventures. Several major conglomerates such as Japan’s GMO have also experienced a rapid increase in their stock values subsequent to their integration of Bitcoin. It has become increasingly challenging
Please share if you find this article interesting. India’s Tax Man Knocks on Door of Cryptocurrency Exchanges; Seeks Identifying Information India’s Income Tax Department, which falls under the Department of Revenue of the Ministry of Finance, began conducting surveys across the country on December 13, 2017. Investigators for the government agency visited nine exchanges spread out across Delhi, Bangalore, Hyderabad, Cochin and Gurgaon according to India’s Economic Times. The publication also said that these surveys were undertaken under Section 133A of the Income Tax Act, which is for the purpose of gathering evidence. Tax authorities seeking identity information Business Standard reported that the tax men visited exchanges with financial data and inputs already in their possessi