Thursday, April 5, 2018

CryptoCurrency News: BitFlyer Adds Computer Language Co-Creator as Advisor

Blockchain company bitFlyer has tapped Tom Love to assist with its global expansion and enterprise blockchain initiatives.

via CoinDesk

CryptoCurrency News: Coinbase to Let Users Withdraw Funds from Bitcoin Forks

Coinbase announced Thursday it would enable customers to withdraw bitcoin forks, though it is not adding any specific assets yet.

via CoinDesk

CryptoCurrency News: Is Every ICO a Fraud? 'Absolutely Not' Says SEC Chief

U.S. SEC chairman Jay Clayton addressed ICOs and enforcement actions taken against them during a talk at Princeton University.

via CoinDesk

CryptoCurrency News: Swiss Central Banker: State-Backed Crypto Would Pose 'Incalculable Risks'

Swiss National Bank Governing Board member Andrea Maechler sees value in blockchain, but argues central banks should stay out of consumer payments.

via CoinDesk

CryptoCurrency News: Japanese Research Group Calls for 'Appropriate' ICO Rules

A research group led by members of Japan's private and public sectors called for ICO regulation and published its recommendations in a report today.

via CoinDesk

CryptoCurrency News: Malta Finance Regulator Warns Against Crypto Margin Trading Site

The MFSA issued a warning against Stocksbtc, denying claims that the startup is registered with the regulator and based in Malta.

via CoinDesk

CryptoCurrency News: RBI Bars Banks From Doing Business With Crypto Firms

The Reserve Bank of India announced today that the entities it regulates will be banned from dealing with cryptocurrency.

via CoinDesk

CryptoCurrency News: Korean Police Detain 4 Crypto Exchange Execs Over Alleged Embezzlement

South Korean police on Thursday detained four executives from two cryptocurrency exchanges over alleged embezzlement.

via CoinDesk

CryptoCurrency News: Hacked Verge Token Takes Price Hit But Bull Outlook Remains

Privacy-focused cryptocurrency verge has suffered a hack in the last 24 hours, but the charts indicate better times may lie ahead.

via CoinDesk

CryptoCurrency News: Chainalysis Raises $16 Million for Real-Time Crypto Compliance

Blockchain startup Chainalysis has today announced a $16 million funding round and a new real-time transaction analysis tool.

via CoinDesk

[FOREX NEWS] Can’t keep CAD capped: Trudeau strengthens the C$

The Canadian dollar continues its recovery path and this time, Prime Minister Justin Trudeau is behind the move. Canada’s PM said that NAFTA talks are advancing in a significant way. So far, Foreign Minister Freeland and also the US and Mexican negotiators have made optimistic sounds. This time, it comes from Canada’s leader. The C$, [...]

The post Can’t keep CAD capped: Trudeau strengthens the C$ appeared first on Forex Crunch.

via Forex Crunch

[FOREX NEWS] Can USD/JPY continue higher? Two opinions

USD/JPY topped 107 after a long period of depression in lower levels. What’s next? Here are opinions from Barclays and from TD: Here is their view, courtesy of eFXnews: USD/JPY: Technical Hurdles To Further Recovery – Barclays Barclays Research discusses USD/JPY outlook and thinks that while near-term dynamics should remain driven by global risk sentiment, the [...]

The post Can USD/JPY continue higher? Two opinions appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: An XRP ICO? It's Happening Whether Ripple Likes It or Not

Turns out you can launch an ICO on Ripple's distributed ledger, and one small Brazilian company is ready to test it out.

via CoinDesk

CryptoCurrency News: IBM Envisions App Testing Powered By Blockchain

A recently released patent filing shows that IBM has dreamed up a blockchain-based system for distributed software application testing.

via CoinDesk

CryptoCurrency News: US Crypto Tax Policy Isn't Just Crazy, It's Cruel

There is something extraordinarily cruel, crazy even, in the IRS’s approach of treating virtual currencies as property for tax purposes.

via CoinDesk

CryptoCurrency News: Electronics Giant Foxconn to Build Sirin Labs' Blockchain Phone

Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs, a news report indicates.

via CoinDesk

CryptoCurrency News: Make or Break? Bitcoin Risks Bear Revival Below $6.5K

A decline in bitcoin prices to $6,400 would turn the market in favor of the bears, technical analysis suggests.

via CoinDesk

CryptoCurrency News: Hacked Coincheck Exchange to Accept Takeover Bid, Report Says

Hacked Japanese cryptocurrency exchange Coincheck is to accept a takeover offer from online brokerage Monex Group, a news report indicates.

via CoinDesk

CryptoCurrency News: Arizona's Governor Signs Latest Blockchain Bill Into Law

Arizona's governor has signed a new bill into law, enabling corporations to legally store information on a blockchain-based platform.

via CoinDesk

CryptoCurrency News: AngelList ICO Spin-Off CoinList Raises $9.2 Million in Funding

A platform for connecting accredited investors to highly vetted ICOs has raised new funding from a notable cast of crypto industry backers.

via CoinDesk

[FOREX TIP] AUDJPY Price Action Analysis – 5th April 2018

AUDJPY has been trying to make a Bullish move on the H4 chart. We see some Double Bottoms, which suggests that the pair has found a strong level of Support. Yesterday’s Daily candle came out as a strong Bullish candle as well. The first H4 candle today came out as a Bullish candle, but the next one came out as a Bearish Engulfing Candle. There is a level nearby, which has the potential to be an intraday Support level. If that level is held by the H4 chart and it produces an H4 Engulfing candle later today, then an H1 breakout towards the upside would get us some green pips. Let us have a look at the H4 AUDJPY chart.

AUDJPY Price Action Analysis – 5th April 2018

The level of 82.000 has to be held and to produce an H4 Bullish Engulfing candle. Then we would wait for an H1 breakout at the level of 82.475 to take the long entry. After the breakout, the price would reach the level of 83.200 without having too many pauses. Let us have a look at the summary of the trade…

  • Buy Stop Order: 82.475
  • Stop Loss: 82.000
  • Take Profit: 83.200
  • 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

This trade setup offers 1:1 risk and reward ratio. This is not what we love as far as the risk and reward ratio is concerned. However, the best thing about this trade setup is it does not take too long to hit the target. The price keeps going without having long pauses towards the trend’s direction once the breakout has taken the place.

AUDJPY Price Action Analysis – 5th April 2018

The post AUDJPY Price Action Analysis – 5th April 2018 appeared first on Advanced Forex Strategies.

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