Wednesday, May 9, 2018

CryptoCurrency News: Messaging Giant WeChat Suspends Third-Party Blockchain App

China's social messaging giant WeChat has halted a third-party blockchain mini-tool running inside the application, citing a violation of rules. 

via CoinDesk

CryptoCurrency News: Bloomberg Partners with Novogratz to Launch Crypto Index

Bloomberg has partnered with Michael Novogratz's Galaxy Digital Capital Management to launch a cryptocurrency index.

via CoinDesk

CryptoCurrency News: Reddit Founder Says Crypto Can 'Fuel a Potential New Internet'

Even with their high level of volatility, bitcoin and cryptos are still poised to "fuel a potential new internet," said Reddit founder Alexis Ohanian.

via CoinDesk

CryptoCurrency News: Zilliqa Becomes Latest Crypto to Break $1 Billion Market Cap

A cryptocurrency that boasts sharding has broken a key threshold.

via CoinDesk

CryptoCurrency News: Sumatra to Pilot Blockchain App for 'Decentralised Decision-Making'

Australian startup Horizon State is launching a blockchain app pilot in Sumatra that could eventually allow citizens to vote in elections.

via CoinDesk

CryptoCurrency News: EOS Looks Poised for a Move Toward Record Highs

EOS, April's best performing cryptocurrency, could soon revisit $20 and above, the technical charts indicate.

via CoinDesk

CryptoCurrency News: Crypto Exchange Coinone Taps Ripple for New Remittance Service

A subsidiary of South Korean cryptocurrency exchange Coinone is turning to Ripple's xCurrent blockchain network for cross-border payments.

via CoinDesk

CryptoCurrency News: Bermuda's Blockchain Strategy Goes Beyond Just Winning New Business

Bermuda's efforts to attract the blockchain industry may have started with regulation, but they won't end there, officials say.

via CoinDesk

CryptoCurrency News: Telecoms Giants BT, Telefonica and Telstra Join Blockchain Settlement Trial

Colt and PCCW Global have added notable new members to a blockchain trial that automates normally labor-intensive wholesale settlements.

via CoinDesk

CryptoCurrency News: China's Police Ministry Touts Blockchain for Secure Evidence Storage

China's Ministry of Public Security has developed a blockchain system aimed to more securely store evidence collected during police investigations.

via CoinDesk

[FOREX NEWS] Is this EUR/USD bounce for real?

The EUR/USD reached new 2018 lows at $1.1822 but is bouncing back amid an improved mood. US bond yields are rising, and markets are bracing for an Iran deal without the US. The technical picture shows that the pair is in deeply oversold conditions. The EUR/USD is trading around $1.1860, flat on the day and after having [...]

The post Is this EUR/USD bounce for real? appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Topping Out? Bitcoin Bulls Need to Defend $9K

Having hit seven-day lows below $9,000 this morning, bitcoin is looking decidedly weak.

via CoinDesk

CryptoCurrency News: SEC Commissioner Cautions Against 'Blanket' ICO Classification

U.S. Securities Exchange Commissioner Hester Peirce advocated against blockchain sandboxes and 'blanket' classifications of ICOs.

via CoinDesk

[FOREX NEWS] EUR/USD found its cushion, but is may not last too long

The EUR/USD continues its journey south with the vomiting camel pattern. It is already over 700 pips from the highs but may have found some support. The Technical Confluences Indicator shows that $1.1825 is a congestion of several potent technical levels: the Pivot Point one-month S2, the one-hour low, the Bolinger Band 15m-Lower (Stdv. 2.2) and the Simple [...]

The post EUR/USD found its cushion, but is may not last too long appeared first on Forex Crunch.

via Forex Crunch

[FOREX TIP] AUDCAD Price Action Analysis – 9th May 2018

AUDCAD has been Bearish on the H4 chart. The chart suggests that the pair has found a strong level of Resistance, which is actually a Double Top Resistance. The pair produced a huge Bearish Daily candle yesterday. The first two H4 candles are Bearish as well. Moreover, the price has made a breakout towards the downside. If the breakout level is held by the current H4 candle and the breakout level produces an H1 Bearish Engulfing candle later today, then selling the pair would get us some green pips. Let us have a look at the H4 AUDCAD chart.

AUDCAD Price Action Analysis – 9th May 2018

See the level of 0.96375 got breached by the price. The current candle has been trying to go downside, but it would be nice if the candle comes out as a corrective H4 candle. After the correction, if we get an H1 Bearish Engulfing Candle right at the level of 0.96375, then the price would reach 0.96000 without having that many pauses. Let us have a look at the summary of the trade…

  • Entry- H1 Bearish Engulfing Candle at 0.96375
  • Stop loss- Above 0.96500
  • Take profit- 0.96000
  • 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

We saw some good movement yesterday on some pairs. This is a very good sign. As I wrote yesterday that this Month could be a good month for the traders. Yesterday’s market justified that statement to some extent. Traders fasten your seat belt and keep eyeing on the pairs to find out trading opportunities.


AUDCAD Price Action Analysis – 9th May 2018

The post AUDCAD Price Action Analysis – 9th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Winklevoss Brothers Win Crypto Exchange Patent

Winklevoss IP, the company owned by Cameron and Tyler Winklevoss, has been awarded with a patent that aims to settle ETPs holding cryptos.

via CoinDesk

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