Tuesday, March 20, 2018

CryptoCurrency News: American Bar to IRS: Create Safe Harbor for Hard-Forked Cryptos

The American Bar Association Section of Taxation issued some advice to the IRS regarding the taxation of cryptocurrency produced by hard forks.

via CoinDesk

CryptoCurrency News: A16z, USV Lead $12 Million Funding for Ethereum App CryptoKitties

CryptoKitties will break away from its developer, Axiom Zen, after raising $12 million of venture capital.

via CoinDesk

CryptoCurrency News: Maryland Bills Call for Study, Possible Regulation of Blockchain

Maryland's proposed Financial Consumer Protection Act would represent the U.S. state's first regulatory pronouncements on cryptocurrency since 2014.

via CoinDesk

CryptoCurrency News: Wikipedia Rival Everipedia Plans Token Airdrop in June

Decentralized encyclopedia startup Everipedia announced it would airdrop its IQ tokens to members in June.

via CoinDesk

CryptoCurrency News: G20 Calls for Crypto Regulation Recommendations By July

Argentina's Central Bank chairman, Frederico Sturzenegger, said the G20 members are looking for "specific recommendations" on cryptocurrencies.

via CoinDesk

CryptoCurrency News: Report: Russians Helped Venezuela Launch the Petro

Time Magazine reported Tuesday that the Russian government helped Venezuela develop the petro cryptocurrency with the support of Vladimir Putin.

via CoinDesk

CryptoCurrency News: Bermuda Drafting ICO-Friendly Legislation to Draw Crypto Businesses

Bermuda is drafting ICO regulation in the hopes of creating a friendly environment for crypto businesses, the island's premier has said.

via CoinDesk

CryptoCurrency News: US Treasury Publishes 5 Tips For Blockchain Projects

The US Treasury Department has just published five tips for building blockchain projects based on lessons learned during work on a proof-of-concept.

via CoinDesk

CryptoCurrency News: Below $500? Ether Price Seeks Floor After 40% Decline

Ether's long-term price floor looks to have dropped to $300, courtesy of a bearish head-and-shoulders breakdown.

via CoinDesk

CryptoCurrency News: Ripple's XRP Just Might Be the Next Big Crypto Futures Market

A little-known British crypto company has already turned XRP futures into a budding business worth over $30 million a month.

via CoinDesk

CryptoCurrency News: Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement

The Hong Kong Stock Exchange is looking to follow its Australian counterpart in developing a blockchain settlement system.

via CoinDesk

CryptoCurrency News: $9K Ahead? Bitcoin Looks North After Bull Breakout

Bitcoin is eyeing a move towards $9,000, courtesy of a bullish breakout on the 4-hour chart and a bullish hammer reversal on the daily chart.

via CoinDesk

CryptoCurrency News: Venezuelan Politician Blasts US Sanctions as Petro ICO Goes Public

A politician from Venezuela's ruling party has denounced U.S. sanctions against the petro, as the sale of the token opens to the public.

via CoinDesk

CryptoCurrency News: Russian Government Resolves Disagreement on Draft Crypto Law

The Bank of Russia and the country's Finance Ministry have reportedly resolved a disagreement over the specifics of a proposed cryptocurrency law.

via CoinDesk

CryptoCurrency News: Meet the New York Lawmaker Who Wants to Replace the BitLicense

There's a new New York lawmaker on the scene and he wants to end a years-long policy that has held back crypto startups in the state.

via CoinDesk

[FOREX TIP] USDJPY Price Action Analysis – 20th Mar 2018

USDJPY has been in a range on the H4 chart. The first H4 candle came out as a Bearish one. The next one came out as a Bullish candle, which made a breakout at an important level of Resistance as well. Now if the level is held by the current H4 candle and it produces an H1 Bullish Engulfing candle at the breakout level, we would get an opportunity to buy the pair later today. Let us have a look at the H4 USDJPY chart.

USDJPY Price Action Analysis – 20th Mar 2018

See that good-looking H4 Bullish candle that made a breakout at the level of 106.145. The current candle has to make a correction up to the breakout level and the breakout level has to be held. If that happens, then we would wait for an H1 Bullish candle to be formed at the level of 106.145 to take the long entry. Let us have a look at the summary of the trade.

  • Buy Limit Order: 106.145
  • Stop Loss:  105.925
  • Take Profit: 106.620
  • 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

None of the currency on this pair has any high impact news event today. Thus, the signal might not take that long to be formed. There is a good possibility that we would get the signal on the last hour of this current H4 candle or on the first hour of the next H4 candle. Today is the 2nd day of G-20 meeting though. It might create a sudden volatility. However, it would not make the Forex market extremely volatile.

The post USDJPY Price Action Analysis – 20th Mar 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Canada's VersaBank Lands 2 Prospects to Use Its Crypto Vault

Canada's VersaBank has signed memorandums of understanding with a crypto exchange and a crypto fund that may use its custodial service.

via CoinDesk

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