Monday, October 22, 2018

CryptoCurrency News: Distributed Ledgers, Not Tokens, Are the True Heirs to Satoshi's Vision

What if bitcoin's white paper wasn't meant to inspire ICOs?

via CoinDesk

CryptoCurrency News: Binance Scores Funding From Venture Arm of Singapore's Sovereign Fund

Vertex Ventures, a branch of the Singapore government's Temasek Holdings, has just invested in Binance to help open a Singapore exchange.

via CoinDesk

CryptoCurrency News: Police Filings Mount as Crypto Traders Demand Funds Stuck in WEX Exchange

Users of the WEX exchange have begun filing police reports after more than three months of being unable to withdraw major cryptocurrencies or fiat.

via CoinDesk

CryptoCurrency News: Bitfinex Took 630 Million Tether Out of Circulation After Drop Below $1

Since tether lost parity with the U.S. dollar, its supply has dropped by a quarter as tokens flow back to the issuing company's "treasury" wallet.

via CoinDesk

CryptoCurrency News: Bitcoin Futures Could Go Live on ICE's Crypto Trading Platform in December

The new Bakkt exchange will list bitcoin futures in December, pending regulatory approval.

via CoinDesk

CryptoCurrency News: ABN AMRO, Samsung SDS Partner for Blockchain Trade Pilot

ABN AMRO has partnered with Samsung SDS and the Port of Rotterdam for a blockchain pilot aimed to bring new efficiencies to container-based trade.

via CoinDesk

CryptoCurrency News: Crypto Payments Startup Uphold Launches Lending Products

Crypto payments startup Uphold is launching Earn and Borrow in collaboration with lending platform Cred.

via CoinDesk

CryptoCurrency News: Public Company's Crypto Claims Draw SEC Scrutiny, Trade Suspension

The SEC has suspended trading in a company claiming to have registered an upcoming ICO with the regulator.

via CoinDesk

CryptoCurrency News: Bitmain's Latest Bitcoin Miner Update Activates Controversial 'AsicBoost'

Bitmain has published a firmware update for its Antminer S9, using controversial "AsicBoost" code to give an efficiency hike when mining bitcoin.

via CoinDesk

CryptoCurrency News: Accenture Tech Now Connects Corda, Fabric, DA and Quorum Blockchains

Accenture says its new "interoperability node" can connect the four big enterprise platforms: Hyperledger Fabric, R3 Corda, Quorum and Digital Asset.

via CoinDesk

CryptoCurrency News: EU Securities Group Advises Regulating Crypto Assets Under Existing Rules

A group that advises the EU's securities watchdog has recommended regulating most crypto assets under existing financial rules.

via CoinDesk

CryptoCurrency News: The Delicate Psychology of Stablecoins

Replacing tether's role in the crypto markets will require an obsession with maintaining transparency and trust.

via CoinDesk

CryptoCurrency News: Bitcoin Bulls Must Push Price Past $6.8K to Win Control

Bitcoin's price needs to pass last week's high of $6,810 to revive the prospects of a rally.

via CoinDesk

CryptoCurrency News: Pantera Capital Backs Blockchain Security Startup's $5.5 Million Round

Smart contract security startup Synthetic Minds has raised $5.5 million from investors including Pantera Capital.

via CoinDesk

CryptoCurrency News: Australia Securities Watchdog Halts ICO Seeking to Raise $50 Million

An Australian ICO project planning raise up to $50 million has been halted by the country's securities regulator.

via CoinDesk

CryptoCurrency News: Monero Fees Fall to Almost Zero After 'Bulletproofs' Upgrade

Monero's "bulletproofs" hard fork has led to a major reduction in transaction fees.

via CoinDesk

[FOREX TIP] USDJPY Price Action Analysis – 22nd Oct 2018

USDJPY is at a critical level. The pair has a big decision to make. The H4 chart suggests that the price is at a very strong level of Resistance. However, today’s price action has been Bullish and there is a strong possibility that we might get a breakout towards the upside. If that happens, then the pair might offer us a long entry. Let us have a look at the H4 USDJPY chart.

USDJPY Price Action Analysis – 22nd Oct 2018

USDJPY Price Action Analysis – 22nd Oct 2018

The level of 112.660 is the level which has held the key. It also has the potential to be a level of Double Top. However, we are eyeing for a breakout towards the upside. If we get an upside breakout and an H1 Bullish Engulfing candle at the time of correction, then buying the pair would get us some green pips with an excellent risk and reward ratio. The level of 112.350 is the level of Support where we should set our Stop loss. If things go accordingly, then the price would go to the level of 113.570. Let us have a look at the summary of the trade…

  • Buy Stop Order: 112.660
  • Stop loss: 112.350
  • Take profit: 113.570
  • 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 the Forex market has some very high impact news event to face. BOC has the interest rate to declare and ECB has a press conference, Draghi’s speech. Thus, the Cad, the Euro as well the USD might get very volatile this week. We must be extra careful with our entries this week.

The post USDJPY Price Action Analysis – 22nd Oct 2018 appeared first on Advanced Forex Strategies.

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