Wednesday, October 24, 2018

CryptoCurrency News: A Decentralized Bitcoin Exchange That's Almost Decentralized

Bisq is launching a bitcoin-based token to pay code contributors and a DAO to manage payouts, all in service of further decentralizing the exchange.

via CoinDesk

CryptoCurrency News: Judge Issues Temporary Dismissal in Bitcoin Cash Lawsuit Against Coinbase

A judge has dismissed a lawsuit claiming Coinbase enabled insider trading when listing BCH - but this isn't a clear-cut victory for the exchange.

via CoinDesk

CryptoCurrency News: Planting Bitcoin Part One: Species

Only the strong survive and bitcoin is no exception.

via CoinDesk

CryptoCurrency News: AMD: GPU Sales to Crypto Miners Was 'Negligible' in Q3

AMD announced it saw "negligible" revenue from selling graphics cards to the crypto mining community over the past quarter.

via CoinDesk

CryptoCurrency News: Tether Just Burned 500 Million USDT Stablecoin Tokens

Following massive transfers of its dollar-linked tokens into a company-controlled account, Tether has destroyed a large chunk of USDT supply.

via CoinDesk

CryptoCurrency News: CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex

A CoinDesk report regarding a misleading data point on CoinMarketCap has led to a change in the way tether trading volume is calculated.

via CoinDesk

CryptoCurrency News: This College Freshman Is Out to 51% Attack Your Cryptocurrency

A young crypto enthusiast is 51% attacking cryptocurrencies – not to steal coins – but to show people these coins are vulnerable and over-valued.

via CoinDesk

CryptoCurrency News: Blockchain Firm SETL Wins License to Operate Central Securities Depository

Blockchain firm SETL has received a license from the French securities regulator to operate a central securities depository in Europe.

via CoinDesk

[FOREX TIP] GBPJPY Price Action Analysis – 24th Oct 2018

GBPJPY has been Bearish on the H4 chart. By looking a close look at the chart, we see that the pair has been obeying a down trending channel. Today’s price action seems to be Bearish as well. If we get an H4 breakout towards the South at the yesterday’s lower low, then the pair would head towards the downside with even more selling pressure. Let us have a look at the H4 GBPJPY chart.

GBPJPY Price Action Analysis – 24th Oct 2018

GBPJPY Price Action Analysis – 24th Oct 2018

The level that might play its role as the level of Resistance it is a Flip over Resistance. The price seems to be held by the level nicely so far. We need to get some Bearish momentum right from the level. If we get an H4 breakout at the level of 145.260, then selling the pair would get us some green pips. The level of 142.800 seems the next level of Support where the price might get a bounce from. Let us have a look at the summary of the trade…

  • Sell Stop Order: 145.260
  • Stop loss: 146.023
  • Take profit: 142.800
  • 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

Our profit target is about 300 Pips here. This is quite a big number of pips to achieve for traders who trade on the charts like 5M. 15M. In fact, it is impossible for them to stay with the trade to reach the target since it would need a much longer time than they usually are with a trade. If you are one of them, then use a very tiny trading lot. That would help you to hang with the trade for a longer period.

The post GBPJPY Price Action Analysis – 24th Oct 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: South Korea's Financial Watchdog Warns Investors Over Crypto Funds

South Korea's Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds.

via CoinDesk

CryptoCurrency News: CoinMarketCap Hits a New All-Time High (But Not for Price)

The number of cryptocurrencies listed on CoinMarketCap has never been higher, showing demand for secure representations of value is still prevalent.

via CoinDesk

CryptoCurrency News: Nasdaq Wins Patent for Newswire Service Built on a Blockchain

Nasdaq has won a patent outlining how using a blockchain for information distribution could improve upon existing services.

via CoinDesk

CryptoCurrency News: Japanese Crypto Exchange Group Gets Legal Status to Self-Regulate Industry

Japan's financial regulator has formally approved a crypto exchange association, giving it legal powers to police the industry.

via CoinDesk

CryptoCurrency News: There's Money Still to Win in the 310 Bitcoin Challenge

There's still 0.31 BTC left to win in the 310 Bitcoin Challenge. Here's how players have unlocked prizes over the past few weeks.

via CoinDesk

CryptoCurrency News: MIT Professor's Blockchain Protocol Nets $62 Million in New Funding

Algorand, the blockchain protocol founded by MIT professor and Turing Award winner Silvio Micali, has raised $62 million in new funding.

via CoinDesk

CryptoCurrency News: Indian Police Seize ATM Run By Crypto Exchange Unocoin

Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by crypto exchange Unocoin.

via CoinDesk

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