LTCUSD seems to be treading sideways, bouncing off support around $47.25 and resistance at $56.50. Price has just recently come off a test of the range resistance and is now headed back to support. A bit of consolidation is happening, though, as a small symmetrical triangle formed. A break below the $54 level could be […]<br />The post LTCUSD Technical Analysis for 10/02/2017 – Range Resistance Holding appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since Read more …
Month: October 2017
Ethereum Price Technical Analysis – ETH/USD Remains Range Bound
Key Highlights ETH price is trading in a range with resistance near the $302-304 levels against the US Dollar. There is a key bullish trend line forming with support at $297 on the hourly chart of ETH/USD (data feed via SimpleFX). The price is now above $295 and the 100 hourly simple moving average, which is a positive sign. Ethereum price is trading in a tiny range against the US Dollar and Bitcoin. ETH/USD buyers need to gain pace above Read more …
Ripple Price Technical Analysis – XRP/USD New Highs Likely
Key Highlights Ripple price corrected lower towards $.1960 against the US Dollar where it found support. There is a major bullish trend line forming with support at $0.1980 on the hourly chart of XRP/USD (data source from Kraken). The price remains in an uptrend and there is a chance of a new high above $0.2150 in the near term. Ripple price is gaining pace against the US Dollar and Bitcoin. XRP/USD might soon break the recent high of $0.2150 for Read more …
Bitcoin Cash Price Technical Analysis – Can BCH/USD Correct Higher?
Key Points Bitcoin cash price is forming a base near the $410 support area against the US Dollar. There is a key bearish trend line forming with resistance near $425 on the hourly chart of BCH/USD (data feed from Kraken). The price is about to break the $425 resistance to correct towards $435-440 in the near term. Bitcoin cash price is slowly attempting a recovery against the US Dollar. BCH/USD needs to break $425 to gain upside momentum in the Read more …
Bitcoin Price Technical Analysis for 10/02/2017 – Tight Bullish Channel
Bitcoin Price Key Highlights Bitcoin price has been trending higher and is safely inside an ascending channel pattern on its 1-hour chart. Price is currently at the mid-channel area of interest, still deciding whether to pull back to support or go for a test of resistance. Volatility has taken a hit and bitcoin price action has been mostly limited these days. Bitcoin price continues to trend higher inside a bullish channel, despite the dip in volatility over the past weeks. Read more …
Police in New Delhi Arrest Gang Robbing Bitcoin Buyers
A group of six individuals in New Delhi, India, have been arrested by the police for robbing people that they had convinced were buying Bitcoin with actual cash. Just when you think it’s safe to buy Bitcoin and other digital currencies, you hear horror stories about being robbed in some sort of online scam or Ponzi scheme. The decentralized nature of cryptocurrency means that those looking to get involved in it must do their due diligence and always be aware Read more …
Hong Kong’s TideBit drawing Chinese bitcoin investors frozen out in Beijing’s crackdown
Hong Kong-based tech company TideBit is looking to expand its bitcoin trading operations, seeing growing demand from Chinese investors frozen out by Beijing’s crackdown on the virtual currency. Once the world’s largest market for virtual currency trading, China has been stepping up its policing of cryptocurrencies. Bitcoin exchanges such as Huobi, OkCoin and BTCC have announced that the trade would be halted. But for TideBit, the crackdown has translated into new business. “The ban did not stop them [Chinese investors] Read more …
Bitcoins are neither legal nor illegal in India: S P Sharma, PHD Chamber of Commerce and Industry
Unless it is properly regulated and monitored by the government or banks, it’s unlikely for bitcoins to ever become a mainstream currency in India, Dr. S.P. Sharma, Chief Economist,PHD Chamber of Commerce and Industry tells ET Wealth. Why is bitcoin trading gaining so much traction? What has led to the upswing in prices? In the past few months, the trend in bitcoin prices has attracted investors from across the globe. The price of a bitcoin jumped five times from around Read more …
Chinese investors bemoan Beijing’s bitcoin crackdown
Beijing’s decision to shut down bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the crypto-currency of a crucial market. “The authorities don’t understand anything about bitcoin!” fumed Zhang Yanhua, founder of an investment fund that was dead on arrival after Beijing started tightening the screws at the start […]<br />Visit Chinese investors bemoan Beijing’s bitcoin crackdown on . Source
An Interview with Robin Lee, the CEO of HelloGold
HelloGold is the latest platform that is making an effort to accelerate the adoption of blockchain technology by the masses. As the project aims to create a blockchain solution to help the unbanked and underbanked population, NewsBTC reached out to Robin Lee, the CEO to gain a better understanding of HelloGold. Q: If we have understood it right, then HelloGold is a form of gold-backed crypto-asset. So, let us start with the question, Why? What made HelloGold do what it Read more …
Free Talk Live’s Co-Host Discusses Bitcoin Radio Ads and Accepting Bitcoin Cash
Interview This week news.Bitcoin.com chatted with Ian Freeman, co-host of the libertarian political talk show Free Talk Live (FTL). The call-in radio talk show is syndicated on over 160 radio stations and was the first radio show in the world to start accepting Bitcoin for ad payments. The broadcast has national radio ads promoting bitcoin to thousands of listeners every week, and FTL just announced accepting bitcoin cash (BCH) for advertising spots during the show. Also read: U.S. Read more …
BBOD Revolutionizes Crypto-Derivatives Market by Introducing Decentralized Model of Sharing Economy
BBOD — Blockchain Board of Derivatives is the first open-source, community-owned, decentralized cryptocurrency derivatives trading platform with a disruptive model of sharing economy: “all fees earned by the platform land directly in token holders’ wallet”. The innovative platform, backed by National Quantum Information Centre, is designed to overcome the serious flaws that are plaguing the existing cryptocurrency trading platforms. Dublin-based, BBOD is in the process of implementing blockchain powered decentralized applications to develop a system capable of creating a healthy Read more …