Thursday, February 8, 2018

CryptoCurrency News: Hong Kong Orders Exchanges to Delist Securities Tokens

Hong Kong's securities watchdog has moved up regulatory actions against cryptocurrency exchanges and initial coin offering organizers.

via CoinDesk

CryptoCurrency News: Nvidia CFO: Crypto Mining Demand Beat Expectations in Q4

Demand from cryptocurrency miners for GPU maker Nvidia's products was bigger than anticipated in the fourth quarter of last year.

via CoinDesk

CryptoCurrency News: City of Taipei Confirms It's Testing IOTA Tech for ID

A commissioner of Taiwan's capital city said it's working with the IOTA Foundation to develop a Digital Citizen Card using the Tangle ID system.

via CoinDesk

CryptoCurrency News: US Marshals Successfully Auction $30 Million in Bitcoin

The U.S. agency that manages the sale of seized assets confirmed Thursday it had successfully auctioned off more than 3,600 bitcoin in January.

via CoinDesk

CryptoCurrency News: Crypto Exchange Coinsquare Secures $30 Million in New Funding

Canadian cryptocurrency exchange Coinsquare has raised $30 million in new equity financing.

via CoinDesk

CryptoCurrency News: Novogratz's 'Crypto-Bank' Is Backing Everipedia's Blockchain Pivot

Galaxy Digital, the crypto-asset merchant bank launched by former fund manager Mike Novogratz, has made its first major investment.

via CoinDesk

CryptoCurrency News: Binance Denies Hack As Exchange Halts Trading

Binance has suspended trading and withdrawals amid a site upgrade.

via CoinDesk

CryptoCurrency News: US Congress to Hold Blockchain Hearing on Valentine's Day

Two U.S. House of Representatives subcommittees will hold a hearing next week on applications for blockchain technology.

via CoinDesk

CryptoCurrency News: Connecticut Lawmaker Pitches Crypto Transaction Fee in New Bill

A Connecticut representative has introduced a bill that would mandate a fee to transact with cryptocurrency in the state.

via CoinDesk

CryptoCurrency News: Bitfinex's Biggest Critic Is Back on Twitter

The Twitter account belonging to Bitfinex'ed was briefly suspended amid a long-running controversy over the crypto exchange and related token tether.

via CoinDesk

CryptoCurrency News: US Lawmaker Wants Members of Congress to Disclose Crypto Assets

A bitcoin-friendly U.S. lawmaker is hoping to get members of Congress to disclose their holdings of cryptocurrency assets.

via CoinDesk

CryptoCurrency News: How to Help ICOs Go Legit

Speculation on utility is a bad idea, but ICOs can be an appealing alternative to venture capital, argues the head of blockchain R&D at Santander.

via CoinDesk

CryptoCurrency News: ECB's Mersch Airs Concerns Over Crypto 'Gold Rush'

The ECB executive board member has supported recent criticism of bitcoin by Agustin Carstens, head of the Bank for International Settlements.

via CoinDesk

CryptoCurrency News: Bitcoin Cash Outpaces Crypto Market Consolidation with 20% Spike

The top 10 cryptos are trading more or less sideways today, with the exception of bitcoin cash, which has spiked in the last 24 hours.

via CoinDesk

CryptoCurrency News: Cryptocurrency Tops EU Watchdog's 2018 Agenda

The Europe Union's top securities watchdog has said that cryptocurrencies will be one of its top priorities in 2018.

via CoinDesk

CryptoCurrency News: Japanese Regulators to Increase Crypto Exchange Inspections

Following the Coincheck hack, Japan's Financial Services Agency is widening its on-site inspections to other cryptocurrency exchanges in the country.

via CoinDesk

[FOREX NEWS] BOE Super Thursday Live Blog

The Bank of England makes its rate decision, releases its meeting minutes, and also publishes its quarterly inflation report in what is dubbed as “Super Thursday”. It is expected to leave the interest rate unchanged at 0.50% with a unanimous vote, albeit some suspect that inflation, still at 3% y/y, may motivate some hawks to [...]

The post BOE Super Thursday Live Blog appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Bull Case Strengthens? Bitcoin Stays Bid Above $8K

Bitcoin could today extend the recent recovery from recent three-month lows, as the bullish indicators appear to strengthen.

via CoinDesk

CryptoCurrency News: Bush Security Advisor Warns Against Blockchain Cold War

One of the architects of U.S. monetary policy discusses the risks of blockchain adoption to what he sees as a delicate geo-political balance.

via CoinDesk

CryptoCurrency News: Mike Novogratz Nets $250 Million for New Crypto Investment Venture

Billionaire and former Wall Street fund trader Mike Novogratz has raised $250 million for his cryptocurrency venture Galaxy Digital.

via CoinDesk

CryptoCurrency News: Kodak's Blockchain Pivot Is A Sham, Investment Manager Says

A hedge fund with short position in Kodak does not believe the image firm will use blockchain technology to save itself.

via CoinDesk

[FOREX TIP] CADJPY Price Action Analysis – 8th Feb 2018

CADJPY was Bearish on the Daily chart. The pair seems to have a consolidation. However, today’s price action suggests that the pair might take another Bearish ride as far as the H1 chart is concerned. Let us have a look at the H1 CADJPY chart.

CADJPY Price Action Analysis – 8th Feb 2018

The level of 87.330 is a level where the price reacted earlier. We have had a Doji H1 candle today. The next candle seems to be a Bearish Engulfing Candle. If the price keeps coming down and makes an H1 breakout at the level of 86.790, then selling the pair would get us some green pips. Let us have a look at the summary of the trade.

  • Sell Stop Order: 86.790
  • Stop Loss:  87.330
  • Take Profit: 85.970
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

The JPY and GBP seem to be the hot pairs for today. However, the GBP has some high impact news events at GMT 13.00. Thus, I have not chosen the GBP pairs. I assume most of the GBP pairs would end up producing long spikes since the H4 charts do not show us the trend that we can rely on. They might offer entries based on intraday charts such as 5M or 15M. However, to be able to trade on the H1 or H4 charts traders should patiently wait. On the other hand, the JPY pairs look good and the JPY does not have any high impact news event. This is the reason why I have chosen CAD JPY pairs to take an entry today.



The post CADJPY Price Action Analysis – 8th Feb 2018 appeared first on Advanced Forex Strategies.

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