Thursday, May 3, 2018

CryptoCurrency News: Arizona's Bid to Accept Crypto for Taxes Suffers Setback

Arizona's crypto tax bill no longer enables the Department of Revenue to collect taxes in cryptocurrency, but rather directs it to conduct a study.

via CoinDesk

CryptoCurrency News: CFTC Officials Want Close Cooperation With SEC on Crypto Rules

Two members of the U.S. commodities regulator spoke at a conference. One stressed enforcement, the other working with the industry.

via CoinDesk

CryptoCurrency News: Bitmain's Latest Crypto ASIC Can Mine Zcash

The company announced that it has developed hardware to mine the Equihash algorithm, spelling big changes for zcash and other coins.

via CoinDesk

CryptoCurrency News: Square Books Small Profit for First Quarter of Bitcoin Sales

Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.

via CoinDesk

CryptoCurrency News: $750: Ether's Price Hits Highest Level Since Early March

Ether has defied regulatory concerns to regain highs from early March.

via CoinDesk

CryptoCurrency News: Daily Volatility Decline? Bitcoin Has Seen $1K Range 43 Times In 2018

Bitcoin's price may be quiet at the moment, but data through April shows it's certainly been one volatile start to 2018.

via CoinDesk

CryptoCurrency News: New Ideas Energize Ethereum Though True Signaling Solution Still Elusive

At an invitation-only meeting in Toronto, ethereum developers and companies met to discuss how best to alter the platform given its variety of users.

via CoinDesk

CryptoCurrency News: Majority of Businesses Have No Plans for Blockchain, Gartner Finds

A survey by research firm Gartner, shows that 77 percent of CIOs from companies are not interested in deploying blockchain within their organization.

via CoinDesk

CryptoCurrency News: Inclusive Insurance? Businesses See Blockchain As Change-Enabler

A perfect storm of new tech including blockchain, the internet of things and big data analytics is changing the outlook for microinsurance.

via CoinDesk

CryptoCurrency News: Sell In May and Go Away? Not for Bitcoin Bulls

While equity bulls fear drops in May, it should not be a cause of worry for the bitcoin market, according to historical data.

via CoinDesk

CryptoCurrency News: Reddit Aims to Relaunch Bitcoin Payments with ETH and LTC Too

Reddit is looking to bring back cryptocurrencies as a payment option – and this time bitcoin won't be the only option.

via CoinDesk

CryptoCurrency News: China National Radio Questions Legality of OKEx Bitcoin Futures Trading

China National Radio, a high-level mouthpiece of the government, has claimed OKEx illegally offered bitcoin futures and OTC trading.

via CoinDesk

[FOREX NEWS] EUR/USD seems unable to recover even after a relatively dovish Fed

The EUR/USD made attempts to recover after the Fed but does not go too far. A busy day with euro-zone inflation and the US ISM Non-Manufacturing PMI. The technical picture remains bearish but oversold conditions may provide room for recovery. The EUR/USD is trading below $1.2000 as the dust settles after the Federal Reserve left the [...]

The post EUR/USD seems unable to recover even after a relatively dovish Fed appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: The Blockchain Data Problem Is Bigger Than You Think

Some bitcoin data points seem easy enough to measure, but beware, there's more nuance to those numbers than you might think.

via CoinDesk

[FOREX TIP] AUDCAD Price Action Analysis – 3rd May 2018

AUDCAD had a strong Bearish move on the Daily chart. However, by looking at the H4 chart, it seems that the pair might go towards the North. Today’s first H4 candle came out as a Doji candle and the next one came out as a Bullish candle. The last candle has made a breakout as well. If the current candle is held by the breakout level and the H1 chart produces a good-looking H1 Bullish Engulfing Candle, then buying the pair would get us some green pips. Let us have a look at the H4-AUDCAD chart.

AUDCAD Price Action Analysis – 3rd May 2018

Have a look at today’s 2nd H4 candle, which made a breakout at 0.96540. The current H4 candle has been making a correction. If it is held by the breakout level and we get an H1 Bullish Engulfing Candle, then the price would reach 1.97000 without having too many pauses. Let us have a look at the summary of the trade…

  • Entry- H1 Bullish Engulfing Candle at 0.96540
  • Stop loss- Below 0.96375
  • Take profit- 0.97000
  • 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

Yesterday’s FOMC was good for the USD. Today from the beginning the USD has been weak. Nevertheless, it seems that the USD would continue to get its strength. The next Friday, NFP is going to publish its data. If the data comes out “Hawkish”, then we might get another very good month for the USD. This is the picture of very big time frames such as the Weekly or Monthly though. Meanwhile, let us closely monitor the time frames that we trade and trade accordingly.

The post AUDCAD Price Action Analysis – 3rd May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX NEWS] 1.36 will be a tough nut to crack for GBP/USD

The Technical Confluences Indicator shows that after the recent fall, the GBP/USD will find it hard to recover above $1.3605. This is the convergence of several lines: the Bolinger Band 15m-Middle, the Simple Moving Average-5-1hv, the SMA-5-4h, the Fibonacci 38.2% one-day, the SMA10-15m, the Bolinger Band 1h-Middle, and the SMA-5-15m. The pair may find a more accessible [...]

The post 1.36 will be a tough nut to crack for GBP/USD appeared first on Forex Crunch.

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