Friday, June 8, 2018

CryptoCurrency News: Another Investor Lawsuit Claims XRP Is a Security

A new lawsuit claims XRP is a security controlled by Ripple.

via CoinDesk

CryptoCurrency News: Moscow Stock Exchange to Publish ICO Data

The Moscow Exchange wants to list information about token sales, its CEO said Friday. However, the exchange won't directly sell tokens.

via CoinDesk

CryptoCurrency News: Crypto Exchange Bithumb Hit With Bill After Tax Investigation Ends

South Korean cryptocurrency exchange Bithumb has been found not guilty of tax evasion, but now faces a massive tax bill, according to reports.

via CoinDesk

CryptoCurrency News: Mizuho Financial's Blockchain Lead Is Leaving the Firm

The blockchain lead at Mizuho Financial Group has revealed he is leaving the firm for a new role in Singapore.

via CoinDesk

CryptoCurrency News: Mastercard Patent Would Put Credit Cards on a Public Blockchain

A patent filing from Mastercard explores how to use public blockchains to securely verify card credentials at the point of sale.

via CoinDesk

CryptoCurrency News: Which Way? Bitcoin's Low Volatility May Force Big Move

Bitcoin could be in for a big move as the daily trading range tightens, but will the bulls or the bears gain the upper hand?

via CoinDesk

CryptoCurrency News: Search Giant Baidu Is Launching a Blockchain Space Game

The Chinese search giant is this week launching a blockchain game aimed to educate people about possibilities of crypto technology.

via CoinDesk

CryptoCurrency News: Binance Leads $12 Million Investment In AngelList Crypto Spin-Off Republic

A platform for managing token sales, spun out of the famed investment platform AngelList, has raised funds from a notable cast of investors.

via CoinDesk

[FOREX TIP] GBPJPY Price Action Analysis – 8th June 2018

GBPJPY has been Bullish on the H4 chart. The pair seems to have had a correction. The price is at the level of Support at the moment. Thus, there is an opportunity for the buyers to take a long entry if rest of the things goes accordingly. Let us have a look at the H4 GBPJPY chart.

GBPJPY Price Action Analysis – 8th June 2018

As we see here that the price is trending towards upwards by making higher highs. On its way, the level of 147.080 was a strong level of Resistance. That level got broken and a number of H4 candles have been held by that level. If this level produces an H4 Bullish Engulfing Candle, then the price would head towards the North to make new higher high. The next Resistance level would be 148.800. Let us have a look at the summary of the trade…

  • Entry- After an H4 Bullish Engulfing Candle at 147.080
  • Stop loss- Below 147.080
  • Take profit- 148.800
  • 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

There is no High impact news event either on the GBP or the JPY. Thus, the pair would run technically today.  The Support level that we are eyeing here is actually a Dynamic Support. Dynamic support is where there is a Horizontal Support as well as a Trend line Support line can be drawn. A Dynamic Support or a Dynamic Resistance always attracts more buyers or sellers. I assume this trade setup would attract more buyers. Let us hope that a nice looking H4 Bullish Engulfing signal candle gets formed right at the level, where we have drawn our Support line.

The post GBPJPY Price Action Analysis – 8th June 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Quebec Halts Crypto Mining Approvals As New Rules In Progress

Quebec announced on Thursday that it has halted approvals for new cryptocurrency mining operations and may raise energy costs for firms.

via CoinDesk

CryptoCurrency News: Alibaba Affiliate Boosts Blockchain Tech In $14 Billion New Funding

Alibaba's Ant Financial has raised $14 billion in a new funding, part of which will be used to continue its development of blockchain technology.

via CoinDesk

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