While the lack of regulation and use by criminals once formed the basis of attacks on Bitcoin, “bubble” is the latest condemnation used by skeptics. Credit Suisse CEO Thiam used the same logic to attack Bitcoin. Speaking at a news conference in Zurich, Thiam said: “From what we can identify, the only reason today to buy or sell Bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble.” He went on Read more …
Increased USD demand is driving alt coin prices lower. From a technical point of view, our alt coin live charts hints of more bear pressure in the coming session especially in NEO. Let’s review alt coin price action: LSK ALT COIN PRICE CHART LSKUSD Daily Chart for 03.11.2017 Taking a Top-down approach and you will notice that the weekly chart is bearish. From a technical point of view, it is highly likely that this bear LSK trend will continue. For Read more …
DASH/USD DASH continues to be volatile, as we have been drifting lower overall. However, it is a very slow descent, so I think that it’s only a matter of time before the buyers get involved and push this market to the upside. The $300 level above is massive resistance, and if we can break above there, then it becomes a massive “buy-and-hold” situation. The market should then go much higher, but I recognize that the $250 level is trying to Read more …
Key Highlights Ripple price bounced sharply after testing the $0.1800 handle against the US Dollar. There was a break above a bearish trend line at $0.1940 on the hourly chart of the XRP/USD pair (data source from Kraken). The price traded towards $0.2200 before running into strong sell offers. Ripple price recovered well intraday against the US Dollar and Bitcoin. XRP/USD is back above $0.1950, but struggling to hold gains. Ripple Price Support Yesterday, we saw the start of a Read more …
Featured Even while multiple news outlets report India’s government readying to close cryptocurrency exchanges, its population continues to make steady progress in adopting bitcoin. Also read: As India’s Government Wars Against Cash, Bitcoin is Sought in Exchange Indian Government Panel to Curb Cryptos Several online regional news outlets claim a “government panel has advised the Centre to shut down cryptocurrency dealers/exchanges in a bid to curb the use of virtual currencies in India,” a line repeated among Read more …
The platform for fundraising and crowd-investing KICKICO, after having successfully raised more than $25 million dollars this past September, is going to destroy millions of tokens. After this campaign and limited emission (458 million tokens instead of the 750 million planned), there will be 50% less KickCoins on the market than what was expected. According to the KICKICO white paper, the unsold and unallocated KickCoins will be frozen on a smart-contract without the possibility of their subsequent withdrawal or use. Read more …
A whole ecosystem of banks, advisors, markets, and record keepers are extracting enormous fees from clients’, whether they profit or not. This can all be eliminated, disintermediated and commoditized by more efficient peer to peer blockchain platforms. It’s time to put profits back into the pockets of investors instead of lining the pockets of their Advisors. [Note: This is a press release.] Zug, Switzerland, Oct 29, 2017 – Trade.io has sent shockwaves through the Financial Sector today with the announcement Read more …
BTC/USD Bitcoin rallied a bit after initially dropping on Thursday, showing signs of continuing the explosive move higher, as we have now exited the up-trending channel and look to be a bit overbought. I think that short-term pullback should continue to be buying opportunities, as the $6800 level should offer support. I would love to see some type a pullback though, in order to pick up value. BTC/JPY Bitcoin has also reached my target against the Japanese yen, reaching towards Read more …
Last updated on November 18th, 2017 at 06:44 pm We covered Monero (XMR) previously in our Beginner’s Guide to Monero. A year has passed, and it’s now time to revisit the interesting subject of this privacy-focused cryptocurrency. Our claim that Monero is the premier coin for anonymous transactions appears to have been borne out both via its growing adoption by darknet markets (DNMs) and the launch of Libertas, the first Monero-only DNM. Tip: for those looking for the ultimate in Read more …
Interest is a subject with a very chequered history that today works hand-in-hand with inflation to control the world’s major economies. The story of interest is as old as that of money, but recently digital currencies have begun to add a major wrinkle. Once humans had invented currency to facilitate trade it became a common view that money effectively replaced the animals and cereal seeds for which it was exchanged and, therefore, should have similar properties of reproduction, i.e. increasing Read more …
Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country. Prime Minister Nguyen Xuan Phuc, the official who shut down Bitcoin payments, has achieved his goal of building the new legal framework for cryptocurrencies in Vietnam. His solution? Ban all cryptocurrencies. Following Indonesia, Vietnam is the second country that officially banned digital currencies and their use as payment methods. However, since both Vietnam and Indonesia didn’t contribute too Read more …
Key Highlights ETH price declined recently and broke the $280 support against the US Dollar to trade as low as $274.84. Yesterday’s highlighted major bearish trend line with current resistance at $290.50 is intact on the hourly chart of ETH/USD (data feed via SimpleFX). The price is moving higher, but most likely to find sellers near the $290.50-291.00 levels. Ethereum price remains in the bearish zone against the US Dollar and Bitcoin. ETH/USD’s upsides are capped by the $290 and Read more …