Please share if you find this article interesting. Cardano Price Technical Analysis – ADA/USD Showing Positive Signs Key Highlights ADA price traded further lower and formed a low at $0.2615 before starting a recovery against the US Dollar (tethered). There was a break above a key bearish trend line with resistance at $0.3300 on the hourly chart of ADA/USD (data feed via Bittrex). The pair is currently struggling to move above the $0.3700 level, but there are a few positive signs. Cardano price has recovery well during the past few sessions against the US Dollar and Bitcoin. ADA/USD now has to move above $0.4000 to gain upside momentum. Cardano Price Recovery There were further slides in ADA price below the $0.4000 level against the US Dollar. The price traded below the $0.3000 a
Please share if you find this article interesting. No Strong Case to Ban Crypto Trading, Singapore Says - Bitcoin News Economy & Regulation The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on bitcoin, as more crypto companies in Asia are seeking friendlier business environments. Also Read: Thailand Taking Steps to Regulate ICOs It Is Too Early To Say… “The number and different forms of cryptocurrencies is growing internationally”, Deputy Prime Minister of Singapore Tharman Shanmugaratnam told deputies. “
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Facing Barrier at $0.7250 Key Highlights Ripple price recovered nicely from the $0.5180 swing low against the US dollar. There was a break above yesterday’s highlighted crucial bearish trend line with resistance at $0.6100 on the hourly chart of the XRP/USD pair (data source from SimpleFx). The pair faced a major barrier on the upside near $0.7250 and is currently moving lower. Ripple price recovered in a constructive fashion against the US Dollar and Bitcoin. XRP/USD traded above the $0.6500 level, but it is currently facing a major barrier at $0.7250. Ripple Price Resistance Yesterday, we saw a major decline in Ripple price from well above $0.7000 against the US Dollar. The price fell s
Please share if you find this article interesting. Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens There are several developments across most of these high cap altcoins hinting of price recovery. Of course that is dependent on price action and it shall come to pass if at all there will be a follow through of yesterday’s bullish pressure. Besides LTC, NEM looks likely to recovery after its 95% of its initial rally was recovered by bears. Let’s have a look at these charts: XLM/USD XLMUSD Daily Chart for February 7, 2018 What we are seeing now is Lumens support at the triple bottoms at around $0.30. That is midway between the 61.8% and 78.6% Fibonacci retracement level marking the initial leg up. Even though XLM buyers might push prices up, we can treat every higher highs as a short
Please share if you find this article interesting. World Central Banker to Central Banks: Bitcoin Is a Bubble, Ponzi, and Disaster - Bitcoin News Featured General Manager of the Bank for International Settlements (BIS), Agustín Carstens, gave a talk at Goethe University in its House of Finance, Tuesday, 6 February in Frankfurt. Titled Money in the Digital Age: What Role for Central Banks?, the talk saw Mr. Carstens acknowledge “We have seen a bit of a shift, to issues at the very heart of central banking. This shift is driven by developments at the cutting edge of technology. While it has been bubbling under the surface for years, the meteoric rise of bitcoin and other cryptocurrencies has led us to revisit some fundamental questions that touch on the origin and raison d’êtr
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Struggling Near $780 Key Highlights ETH price after declining further, formed a low at $553 and started an upside recovery against the US Dollar. There is a major bearish trend line forming with resistance at $780 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is struggling to break the $780 resistance level and it is currently below the 100 hourly simple moving average. Ethereum price recovery remains limited against the US Dollar and Bitcoin. ETH/USD is facing a lot of sell offers near the $780-800 levels, which is a major resistance. Ethereum Price Upside Hurdle There was an extension to yesterday’s decline in ETH price towards the $550 level against the US Dollar.
Please share if you find this article interesting. Dignitaries, Pundits, and Bigwigs Reveal Their 2018 Crypto-Predictions - Bitcoin News News Bitcoin and cryptocurrency markets have been extremely bearish over the past six weeks straight, and many investors are waiting for the light at the end of the tunnel. Last year around this time we reported on a variety of cryptocurrency dignitaries, pundits, and bigwigs and they revealed to us that their outlook for 2017 was exceedingly bullish. Now even after the long run of recent bitcoin market dips many blockchain industry luminaries and outside investors are still remarkably optimistic about cryptocurrency markets in 2018. Also Read: UNICEF Asks Gamers to Mine Cryptocurrency for Syrian Children The ‘Wolf of Wall Street’ Thinks BT
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Recovers Above $900 Key Points Bitcoin cash price declined as low as $748 and is currently recovering against the US Dollar. There was a break above a bearish trend line with resistance at $890 on the hourly chart of BCH/USD (data feed from SimpleFX). There is another bearish trend line on the upside with resistance at $1060 on the same chart. Bitcoin cash price recovered nicely from the $748 low against the US Dollar. BCH/USD is currently above $900 and is facing resistances near $1,000 and $1,060. Bitcoin Cash Price Recovery There were further declines in bitcoin cash price below the $900 level against the US Dollar. The price even broke the $800 level and traded as low as $748. L
Please share if you find this article interesting. NFL Superstars Like to Talk About Bitcoin Just Like the Rest of Us - Bitcoin News Economics With the Super Bowl now well behind us, NFL players can today focus on what they really care about, bitcoin. You might have thought that locker room talk only cover sports and women, but an insider reveals that professional players actually like to discuss the ups and down of the cryptocurrency market between themselves. Also Read: New York Wants a Piece of the Ever Growing Bitcoin Mining Pie Bitcoin in the Locker Room Richard Sherman, at Super Bowl XLVIII postgame press conference The athletes of the American National Football League (NFL) are educating themselves about bitcoin investments according to Richard Sherman, the injured co...
Please share if you find this article interesting. The European Commission Loves Blockchain’s Transparency – Except for When It Doesn’t - Bitcoin News Regulation Government officials can’t seem to make their minds up about bitcoin. Politicians like the underlying technology, they are prone to insist, but aren’t sure about the cryptocurrency itself, which is used by criminals to launder money, they reiterate. In as many weeks, European Commission-affiliated groups have issued two seemingly contradictory statements on the matter. Either bitcoin and its accompanying blockchain are tools for money laundering or they are tools for providing accountability and auditability. Which is true? Also read: Cryptocurrency Is Harder to Launder Than Fiat Currency Blockchain Good, Bitcoin Ba