Monday, April 16, 2018

CryptoCurrency News: What ICO Issuers and Investors Need to Know About Taxes

There is little guidance from the IRS on how to treat a token offering or SAFT for tax purposes. Determining how to do so is a fact-intensive process.

via CoinDesk

CryptoCurrency News: Barclays Talking to Clients About Opening a Crypto Trading Desk

A person with knowledge of the situation said all major banks are likely to be weighing the same decision.

via CoinDesk

CryptoCurrency News: Insurance Broker Marsh Working With IBM on Blockchain Platform

Global insurance company Marsh is piloting a proof of insurance platform on a blockchain with IBM's help.

via CoinDesk

CryptoCurrency News: Coinsecure May Refund in Rupees, Not Bitcoin After $3.4 Million Heist

Victims of the $3 million theft at bitcoin exchange Coinsecure will receive a refund on their stolen funds, but it may not be in BTC.

via CoinDesk

CryptoCurrency News: Decentralized Exchange Startup 0x Raises $775K in SAFT Sale

Decentralized protocol 0x has raised $775,000 through a SAFT sale last week.

via CoinDesk

CryptoCurrency News: CFTC Chairman: I Am Not a Cryptocurrency Evangelist

A flood of misplaced Twitter love has pushed the #FUDBuster to set the record straight.

via CoinDesk

CryptoCurrency News: Coinbase Just Bought One of Bitcoin's Best-Funded Startups

U.S.-based cryptocurrency exchange Coinbase has confirmed the acquisition of Earn.com, one of bitcoin's best-funded startups.

via CoinDesk

[FOREX NEWS] GBP/USD is returning to pre-Brexit levels – lines to watch

The GBP/USD is flirting with levels last seen in 2016, before the EU Referendum. The pair may not run too fast as the next resistance levels may be old, but they are close. GBP/USD Current Situation The GBP/USD is trading around $1.4330, very close to the January 25th highs of $1.4345. Beyond this level, we [...]

The post GBP/USD is returning to pre-Brexit levels – lines to watch appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: What If You Can't Pay Your Crypto Taxes on April 17?

Crypto holders willing to take a risk can file an extension, pay their taxes in installments with penalties and interest, and possibly come out ahead.

via CoinDesk

CryptoCurrency News: Why Ripple's XRP Outperformed the Other Top Cryptos This Week

Ripple's XRP is now outperforming its peers and could continue scaling key levels against bitcoin, the technical charts suggest.

via CoinDesk

[FOREX NEWS] US Retail Sales are only OK – EUR/USD can continue higher

The EUR/USD holds onto its gains after the US released a mixed bag of Retail Sales data Headline sales rose by 0.6%, better than expected, but the Control Group was not that great. The US Dollar was on the back foot ahead of the publication and the picture has not changed. US Retail Sales rose [...]

The post US Retail Sales are only OK – EUR/USD can continue higher appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Samsung Explores Blockchain for Tracking Global Shipments

Electronics giant Samsung is developing a blockchain platform to manage its global supply chains, according to a report.

via CoinDesk

CryptoCurrency News: Vitalik's Serious Joke: The Case for Ending Ethereum Inflation

CoinDesk examines the arguments for and against a proposal that would limit the total number of ether that could ever be issued.

via CoinDesk

CryptoCurrency News: Malta Proposes Test to Define When ICOs Are Securities

Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings are securities.

via CoinDesk

CryptoCurrency News: Resistance Ahead: Bitcoin Bulls Must Break $8,500

Bitcoin needs to take out resistance at $8,500 to confirm a long-term bearish-to-bullish trend change, the price charts indicate.

via CoinDesk

CryptoCurrency News: Many ICOs May Be Frauds, Says Hong Kong Securities Watchdog

The deputy head of Hong Kong's Securities and Futures Commission has taken a skeptical tone in statements on initial coin offerings.

via CoinDesk

CryptoCurrency News: Shot Taiwanese Bitcoin Miner Blames Trading Crackdown in China

Toughened bitcoin trading rules in mainland China may have led to a Taiwanese bitcoin miner being shot by gangland investors, a report suggests.

via CoinDesk

CryptoCurrency News: Crypto Tax Dodgers Are Tempting Fate

The ways governments tax cryptocurrency users may be unjust and due for reform, but simply ignoring the law for this reason is a dicey proposition. 

via CoinDesk

[FOREX TIP] EURJPY Price Action Analysis – 16th April 2018

EURJPY had a strong Bullish wave on the H4 chart. The price seems to have found a strong level of Resistance, thus it might be the time for a pair to make a journey towards the South. Today the first H4 candle came out as a Spinning Top. The next one came out as a strong Bearish candle, which made a breakout at a significant level of support as well. Thus, we might get a short opportunity later today. Let us have a look at the H4 EURJPY chart.

EURJPY Price Action Analysis – 16th April 2018

The level of 132.410 got broken by today’s second H4 candle. If the current H4 candle is held at the breakout level, then the sellers are going to wait for an H1 Bearish Engulfing Candle to take the sell entry. Let us have a look at the summary of the trade…

  • Sell Limit Order: 132.410
  • Stop Loss: 132.600
  • Take Profit- 131.850
  • 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

After a breakout, retracement or correction takes place. A correction is slower than the breakout candle’s pace. This usually ends up producing an inside bar. We are expecting an H4 inside bar as well as an H1 Bearish Engulfing Candle at the breakout level to take the entry. The signal might come within this H4 candle, or on the next, but at least the current H4 candle has to be smaller candle (Bullish) than the breakout candle. This is what correction is all about. We the traders must remember that retracement or correction is as important as the breakout.

EURJPY Price Action Analysis – 16th April 2018

The post EURJPY Price Action Analysis – 16th April 2018 appeared first on Advanced Forex Strategies.

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