Friday, May 25, 2018

CryptoCurrency News: BitGo Is Building Its Own Digital Asset Custodian

Blockchain security startup BitGo has decided to build its own asset custodian, and will no longer proceed with its acquisition of Kingdom Trust.

via CoinDesk

CryptoCurrency News: CryptoKitties Charity Auction Raises $15K for Children's Hospital

Bella's Kitty Den, a CryptoKitties marketplace, raised over $15,000 by auctioning donated collectible kitties for the Seattle Children's Hospital.

via CoinDesk

CryptoCurrency News: Just One Crypto Bucked the Market Downtrend This Week

Shadowing the losses in bitcoin, the top-25 cryptocurrencies have all fallen over the last seven days – all bar one, that is.

via CoinDesk

CryptoCurrency News: Chinese Blockchain Complex Offers Startups Millions in Subsidies

A new blockchain industrial park in China aims to attract talented individuals and startups by offering millions of dollars-worth of subsidies.

via CoinDesk

CryptoCurrency News: Porn Star Stormy Daniels Adds Crypto Rewards to Official Website

Adult actress Stormy Daniels has partnered with Vice Industry Token to add cryptocurrency incentives for website users.

via CoinDesk

CryptoCurrency News: Bangkok Bank Joins R3's Trade Finance Blockchain Initiative

Bangkok Bank has joined the Marco Polo trade finance initiative developed by blockchain startup R3 and trade finance technology firm TradeIX.

via CoinDesk

CryptoCurrency News: Chinese City to Use Blockchain In Fight Against Tax Evasion

Tencent is working with a local tax authority on fintech solutions to tax issues, and already has a blockchain product for invoicing.

via CoinDesk

[FOREX TIP] USDCAD Price Action Analysis – 25th May 2018

USDCAD has been within a range. The price is at a level of Resistance where it got rejected three times. Without any doubt, this is a huge level of Resistance and it does not seem to get broken as far as today’s price action is concerned. If the level produces a strong H4 Bearish candle and we get a breakout towards the downside, then selling the pair would get us some green pips. Let us have a look at the H4 USDCAD chart.

USDCAD Price Action Analysis – 25th May 2018

See the level of 1.29075 has been a very strong level of Resistance here. I assume it would continue to act as the Resistance and might produce an H4 Bearish candle to make a breakout at the level of 1.28750. If the breakout does take place, then the price would head towards the level of 1.28250 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1.28750
  • Stop Loss: 1.29075
  • Take Profit: 1.28250
  • 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 is a trade setup where we are eyeing to catch the move from the very beginning of a trend. No doubt, it is a tough job. However, since we have found here an extremely good level of Resistance, so we have made this chart as one of our targets. It is the last day of this week. USDCAD has a tendency to make a good move on Fridays. Let us wait and see whether it happens today as well.

USDCAD Price Action Analysis – 25th May 2018

The post USDCAD Price Action Analysis – 25th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Bitcoin Faces First Close Below This Key Long-Term Support in 2.5 Years

If bitcoin closes the week below the 50-week moving average it will increase the likelihood of a sell-off to $6,000

via CoinDesk

CryptoCurrency News: Alabama Securities Watchdog Hits 3 ICOs with Cease-and-Desists

The U.S. state of Alabama has issued cease-and-desist orders to three ICOs that were allegedly soliciting residents with unregistered securities.

via CoinDesk

CryptoCurrency News: Pink Taxis, Red Flags: A Deep Dive Into a Sketchy ICO

No team, plagiarized white paper, McAfee pump, promises of bitcoin-like returns, brand hijacking, a fake blog. Welcome to ICO-land.

via CoinDesk

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