Thursday, July 12, 2018

CryptoCurrency News: Why Litecoin's Creator Is Buying Into A Bank (And How It Could Go Wrong)

If all goes according to plan, TokenPay and Charlie Lee's Litecoin Foundation will transform a tiny German bank into crypto's smoothest on-ramp.

via CoinDesk

CryptoCurrency News: Bitcoin Price Defends $6K As Upside Potential Builds

A charting pattern suggests the bitcoin price might be able to successfully defend $6,000, despite a tug-of-wars between bulls and bears of late.

via CoinDesk

CryptoCurrency News: Police Seize $1.5 Million in Crypto During FIFA Gambling Crackdown

A Chinese city has recently cracked a cryptocurrency-traded gambling case and confiscated over $1.5 million worth of cryptocurrencies.

via CoinDesk

CryptoCurrency News: New Power Rates Approved for Crypto Miners in Upstate New York

A municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners.

via CoinDesk

CryptoCurrency News: Lawmakers to Discuss If Crypto Is 'The Future of Money' Next Week

The U.S. House Financial Services Committee will host a crypto hearing focused on its use as a form of money next week.

via CoinDesk

CryptoCurrency News: Korean Government-Backed Researchers File for Blockchain Patent

A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office.

via CoinDesk

CryptoCurrency News: Tether Hires Former Bank Analyst as Chief Compliance Officer

Tether, the company behind the dollar-tied USDT, has hired a chief compliance officer from the eighth-largest bank in North America.

via CoinDesk

CryptoCurrency News: Report: More Than Three-Quarters of ICOs in 2017 Were Scams

In a report by an advisory firm on initial coin offering (ICO) investments, data shows close to 80% of all ICOs in 2017 were scams.

via CoinDesk

CryptoCurrency News: Binance Exchange Backs First-Ever Decentralized Bank in Malta

Binance is reportedly among a number of investors backing a decentralized, blockchain-based bank to be launched in Malta.

via CoinDesk

CryptoCurrency News: IT Giant Fujitsu Is Launching a 'Ready-to-Go' Blockchain Service

Fujitsu has launched a new blockchain consultancy service it claims will deliver a minimum viable product in just five days.

via CoinDesk

CryptoCurrency News: Litecoin, Bitcoin Cash Are Latest Crypto Additions to Robinhood Investing App

U.S.-based mobile stock trading app Robinhood has added two new cryptocurrencies to its trading service.

via CoinDesk

CryptoCurrency News: 100 Tokens By 2020: Ledger Pledges Big Expansion for Crypto Custody

Wallet and custody startup Ledger is ramping up the number of cryptocurrencies it supports to meet demand from institutional investors.  

via CoinDesk

CryptoCurrency News: Bank of Queensland Rules Out Crypto Purchases With Mortgage Funds

The Australian retail bank has revised its loan agreements to prohibit borrowers from using mortgages to purchase cryptocurrency.

via CoinDesk

CryptoCurrency News: Bitcoin Bull Move on Hold as Downside Risks Grow

Bitcoin risks falling below $6,000, the bearish continuation pattern seen no the hourly chart indicates.

via CoinDesk

CryptoCurrency News: Cartier Owner Richemont Plans to Track Diamonds With Blockchain

A board member at Swiss luxury goods maker Richemont has said the firm will use blockchain to bring transparency to its supply chain.

via CoinDesk

CryptoCurrency News: Code Is Speech: Amir Taaki on Crypto's Debt to Phil Zimmerman

Fresh from meeting legendary cryptographer Phil Zimmermann, hacktivist and early bitcoin adopter Amir Taaki reflects on the PGP inventor's legacy.

via CoinDesk

[FOREX TIP] EURUSD Price Action Analysis – 12th July 2018

EURUSD has been Bearish on the H4 chart. Yesterday the H4 chart produced a huge Bearish Engulfing candle. The next H4 candle came out as a Bearish candle as well. Thus, we are eyeing on the pair only to go short. Today’s first H4 candle was a little Doji candle. The next one ended up being a Bullish Engulfing candle though. However, the overall sentiment is with the Bear, thus I am expecting that if one of the next candles comes out as a Bearish H4 Engulfing candle, and we get a breakout at yesterday’s lower low, then the price would head towards the South today. Let us have a look at the H4 EURUSD chart.

EURUSD Price Action Analysis – 12th July 2018

EURUSD Price Action Analysis – 12th July 2018

As we see that the price has obeyed the level of 1.16865 as a level of Resistance. If the candle ends up being an H4 Bearish Candle and we get an H1 breakout at the level of 1.16645, then the price would go towards the level of 1.15900. Let us have a look at the summary of the trade…

  • Entry- H1 bearish candle after an H4 Bearish Engulfing candle and a breakout at 1.16645
  • Stop loss- Above 1.16865
  • Take profit- 1.115900
  • 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

Since EURUSD looks good today; I assume it would be a good day for the Forex traders. EURUSD is the key pair. Other pairs move significantly well if EURUSD pair does. If things go according to our expectation today, then we might be able to finish this week with green pips

The post EURUSD Price Action Analysis – 12th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Shanghai Stock Exchange Explores DLT Use In New Research Paper

Shanghai Stock Exchange is pushing for the use of DLT in the securities market but says a lack of regulatory framework is a key hurdle at the moment.

via CoinDesk

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