Monday, July 30, 2018

CryptoCurrency News: Chinese Banking Giant Trials Blockchain to Issue Land-Backed Loans

One of the "Big Four" commercial banks in China has completed the issuance of a loan worth of $300,000 using a blockchain system. 

via CoinDesk

CryptoCurrency News: Bitcoin's Second-Ever Developer Is Back (With a Big Vision for Crypto)

The first developer to code alongside Satoshi couldn't stay away from crypto for long. He's now helping to launch a new token.

via CoinDesk

CryptoCurrency News: AlphaPoint Helps Launch XRP-Based Cryptocurrency Exchange

Cryptocurrency services firm AlphaPoint is powering a new decentralized exchange, the company announced Monday. 

via CoinDesk

CryptoCurrency News: Gallup Poll: 75% of US Investors Think Bitcoin Is 'Very Risky'

Three-quarters of U.S. investors think bitcoin is too risky to invest in, a new poll by Gallup and Wells Fargo showed Monday.

via CoinDesk

CryptoCurrency News: Novogratz's Galaxy Digital Will Start Trading on a Stock Exchange This Week

Cryptocurrency merchant bank Galaxy Digital will begin trading on the Toronto TSX Venture Exchange this week.

via CoinDesk

CryptoCurrency News: HTC Says Its Crypto-Friendly Smartphone Will Support Litecoin

Litecoin creator Charlie Lee revealed Monday he will serve as an advisor to HTC's Exodus, the blockchain-powered smartphone.

via CoinDesk

CryptoCurrency News: Crypto Mining CEO Said to Disappear With $35 Million In Funds

Crypto mining firm Sky Mining's CEO Le Minh Tam has reportedly stolen $35 million from investors and fled to America.

via CoinDesk

CryptoCurrency News: Dubai Plans to 'Disrupt' Its Own Legal System with Blockchain

Dubai is planning to develop what it calls a "Court of the Blockchain" as part of a wider push for smart government operations.

via CoinDesk

CryptoCurrency News: Draper Dragon Backs $20 Million Raise for Alibaba Vets' Blockchain Startup

A public blockchain project founded by former members of Alibaba's blockchain arm has raised over $20 million in a combined token and equity sale.

via CoinDesk

CryptoCurrency News: A Blueprint for Reforming the Crypto Token Market

The Token Alliance, a Chamber of Digital Commerce initiative, has laid out guidelines for how token sponsors and regulators can meet in the middle.

via CoinDesk

CryptoCurrency News: Bitcoin's Price Needs Move Above $8,350 to Regain Bull Bias

Bitcoin bulls could make a strong comeback if prices find acceptance above the key resistance at $8,300.

via CoinDesk

CryptoCurrency News: Blockstack's First Business App Wants to Help Employees Earn More Crypto

Misthos' new multi-signature bitcoin wallet for businesses aims to empower workers and democratize the setting of wages.

via CoinDesk

CryptoCurrency News: Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

Cryptocurrency exchanges in South Korea may soon lose eligibility for tax benefits currently granted to smaller companies and startups.

via CoinDesk

[FOREX TIP] GBPCAD Price Action Analysis – 30th July 2018

GBPCAD has been very Bearish on the H4 and the Daily chart. The price has been heading towards the South by making new lower lows. Today’s first H4 candle came out as a corrective H4 Bullish Candle, but the next one came out as a Doji candle. If the current candle comes out as a Bearish Engulfing Candle, and we get an H1 breakout at last day’s lower low, then selling the pair would get us some green pips. Let us have a look at the H4 GBPCAD chart.

GBPCAD Price Action Analysis – 30th July 2018

GBPCAD Price Action Analysis – 30th July 2018

Have a look at the current H4 candle. The level of 1.71340 is the level of Resistance here. If the current candle Engulfs the last H4 candle and we get an H1 breakout at the level of 1.70735, then selling the pair would get us some green pips with an excellent risk and reward ratio. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1.70735
  • Stop loss: 1.71340
  • Take Profit: 1.69800
  • 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 week is the first week of August. The starting of the week looks good so far. However, we have to be patient to see the effect of some major news events such as NFP to get some direction of the market. We are at the last quarter of the year. So this week could be very vital. It could determine the direction to finish the rest of the year. Long-term traders are going to get engaged with the market soon by seeing off this week.

The post GBPCAD Price Action Analysis – 30th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks

Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM.

via CoinDesk

CryptoCurrency News: Commonwealth Bank Claims Success in Global Trade Blockchain Trial

Commonwealth Bank of Australia has announced the completion of a cross-border shipment that was tracked with blockchain.

via CoinDesk

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