Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped Key PointsBitcoin cash price declined toward the $900 support recently against the US Dollar.There is a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is currently correcting higher, but it is likely to find sellers near $990-$1,000.Bitcoin cash price declined heavily below $1,000 against the US Dollar. BCH/USD might correct a few points toward the previous support levels in the near term.Bitcoin Cash Price TrendThere was a sharp downside move from the $1,200 resistance in bitcoin cash price against the US Dollar. The price declined and broke many supports such as $1,100 and $1,050. More impo...
Please share if you find this article interesting. Report: TRON Cryptocurrency Founder Acquired BitTorrent Software company BitTorrent Inc. has reportedly been sold to blockchain entrepreneur and developer of the TRON platform, Justin Sun, Variety reported June 11. The acquisition ostensibly closed last week, with BitTorrent management informing staff about the deal. According to a source aware of the transaction, the company’s employees have been advised not to release any information. Variety reported that some of the stakeholders have also been contacted by the transfer agent who was hired for the deal. No financial details of the acquisition have been available as of press time. Last month, Cointelegraph reported that BitTorrent was in the process of being acquired by the TRO
Please share if you find this article interesting. Irish Governmental Agency for Foreign Investment Leads Blockchain Development Initiative IDA Ireland, a governmental agency responsible for attracting foreign direct investment (FDI), is leading an initiative to promote blockchain investment and development in the country, local news outlet The Irish Times reports June 11. According to the Irish Times, the IDA is set to launch the project “Blockchain Ireland,” that intends to promote the technology as well as to attract and collaborate with international companies working with blockchain technology. The project will be an online platform that advertises Ireland as an “ideal location” for international blockchain-focused firms. The project was initiated by the Irish Blockchain Exp
Please share if you find this article interesting. Russians To Mine Bitcoin Close to a NATO Exercise in Norway - Bitcoin News Mining A serious Russian investment in a new mining facility in Norway has sparked questions – why here, why now? Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO exercise. The construction of the farm is expected to begin this summer, and Norwegian counterintelligence is already interested to know what’s in the arriving containers. Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo Russian Mining Farm in the Forests of Norway The Russian New Mining Company, a well-known business offering industrial scale crypto mining solutions and
Please share if you find this article interesting. UK Financial Regulator Advises Banks on How to Manage Risks of ‘Crypto Assets’ The UK’s Financial Conduct Authority (FCA) has issued guidance for banks on how to handle the risks associated with “crypto assets”, according to a letter posted on the FCA’s website June 11. Per the statement issued by Executive Directors of Supervision Jonathan Davidson and Megan Butler, banks should apply a highly individual approach to clients dealing with crypto assets since “the risk associated with different business relationships in a single broad category can vary.” The statement continues: “Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way. Instead, we expect banks t
Please share if you find this article interesting. Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 11 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets tumbled on Sunday following the news of hacking of a small South Korean exchange, Coinrail, according to top tier media. The reaction to the news seems to be a little exaggerated because the 24-hour volume traded at Coinrail is only about $2.65 million. While the hackers stole about $40 million of tokens, the panic selli...
Please share if you find this article interesting. Ethereum (ETH) Technical Analysis (June 12, 2018) It’s clear that holding coins in your portfolio is a “painful” thing right now. Before last week, we were bullish. However, following June 10 events and a consequent Like the rest of the markets, bears are in charge and with Ethereum down seven percent in the last 24 hours and 11 percent in the last seven days, sellers’ intention are clear. Even though we were positive expecting prices to appreciate in line with week ending June 3 bullish candlestick, last week’s depreciation negated our view. Buying in the midst of strong sellers was an optimistic approach. This is considering how the preceding candlestick was extremely bearish. So, since prices are below $550, our main support l
Please share if you find this article interesting. EOS, Tron, Litecoin, Stellar Lumens and IOTA Technical Analysis (June 12, 2018) Regardless of the current market turmoil, EOS continues to court attention following their Block Producer voting squabbles. Still, it is not one of the biggest loser because day to day gains and losses tracker indicates that IOTA and Tron are the leaders in the top 10. From the daily chart, Just to quantify, EOS is down 16 percent and helping propagate the crypto market loss of more than $20 billion in three days. Fact is, EOS blockchain is than 72 hours old and validation and other protocols whats not have been done but something that was expected to be a breeze is quickly turning into a trust issue. Apparently, some EOS coin holders don’t want to vo
Please share if you find this article interesting. Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes - Bitcoin News Exchanges A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Paid Users for Reporting Fraud One of South Korea’s largest cryptocurrency exchanges, the Kakao Corp-backed Upbit, has paid six individuals for reporting fraudulent crypto-related schemes. The exchange implemented a bounty system in March to reward users for identifyi
Please share if you find this article interesting. US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards San-Francisco-based bank Wells Fargo has announced that it will no longer allow its customers to purchase cryptocurrency using its credit cards, Fortune reported June 11. Wells Fargo, which is the third largest bank by assets in the US, said that its customers are now prohibited from purchasing digital currency on their credit cards issued by the financial institution. A bank spokesperson said that the decision was made in order to avoid “multiple risks” associated with cryptocurrency usage: “Customers can no longer use their Wells Fargo credit cards to purchase cryptocurrency. We’re doing this in order to be consistent across the Wells Fargo enterprise due to the m