Monday, November 5, 2018

CryptoCurrency News: PwC Is Advising (Not Auditing) Another Stablecoin Project

PwC's Hong Kong division is exploring best practices for issuing stablecoins with non-profit Loopring Foundation. Auditing, though, is another matter.

via CoinDesk

CryptoCurrency News: XRP Nears 50 Cents as Price Rises to One-Month Highs

XRP, the world's third-largest cryptocurrency by market capitalization, jumped 6 percent on Monday, cementing a 30-day high.

via CoinDesk

CryptoCurrency News: Crypto Exchange Bitstamp Aims to Get 1,250 Times Faster with Tech Upgrade

Crypto exchange Bitstamp is getting a new matching engine developed by Cinnober, whose clients are mostly traditional stock and commodity markets.

via CoinDesk

CryptoCurrency News: Elon Musk Impostors Score $176K (And Counting) in New Twitter Scams

A number of verified Twitter accounts were hacked to look like Elon Musk's as part of an effort to defraud owners of bitcoin.

via CoinDesk

CryptoCurrency News: Swiss Finance Watchdog Tells Banks to Treat Crypto Trading As High Risk

The Swiss Financial Market Supervisory Authority (FINMA) is giving tough guidance to banks wanting to trade in crypto assets, a report indicates.

via CoinDesk

CryptoCurrency News: Deltec Chairman Says Tether Letter on Bank Relationship Is 'Authentic'

Last week's much-scrutinized letter, in which a Bahamas-based bank appeared to vouch for Tether's balance, has been confirmed as genuine by the bank.

via CoinDesk

CryptoCurrency News: SEC Official Says 'Plain English' Guidance On ICOs Is Coming

SEC Director of Corporation Finance William Hinman said the agency plans to release a "plain English" explanation of when a token sale is a security.

via CoinDesk

CryptoCurrency News: Hackers Behind $60 Million Zaif Crypto Exchange Theft May Have Been Exposed

Cybersecurity experts from Mitsubishi Group say they may have identified data that could locate the hackers of the Zaif crypto exchange.

via CoinDesk

CryptoCurrency News: Bitcoin's True Stress Test Is Yet to Come

What happens if there's another 2008-scale financial market crisis? Will diehard HODLers still resist liquidating their bitcoin assets?

via CoinDesk

CryptoCurrency News: Bitcoin Price Eyes Move to $6.8K After Bull Breakout

Bitcoin could be about to make a move towards $6,800, having witnessed a bullish triangle breakout yesterday.

via CoinDesk

[FOREX TIP] GBPUSD Price Action Analysis – 5th Nov 2018

GBPUSD took a Bullish move on the H4 chart. The pair seems to have found a level of Resistance. The price pattern suggests that we might get a Double Top at that level. If that happens, then a breakout towards the downside would offer us a short entry. Let us have a look at the H4 GBPUSD chart.

GBPUSD Price Action Analysis – 5th Nov 2018

GBPUSD Price Action Analysis – 5th Nov 2018

The level that we have marked as the Resistance level, the price had reacted to this level heavily earlier. This means it is a significant level, which has the potential to be a strong level of Support or Resistance. Today’s price action suggests that the pair is producing a strong H4 Bearish candle right at that level. If the price continues to go Bearish from here and makes a breakout at the level of 1.29485, then the price would head towards the level of 1.27000. Summary of the trade…

  • Sell Stop Order: 1. 29485
  • Stop loss: 1.30215
  • Take Profit: 1. 27000
  • 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

The GBP has a high impact news event called “Services PMI” at GMT 09.30. The USD has a high impact news event called “ISM Non-Manufacturing PMI” at GMT 15.00. I assume that the GBP news event would create volatility. The breakout might take place after the GBP news event. If we get the breakout after the GBP news event, we might as well take the entry according to this trade setup. We do not have to worry about the US news event since it is an H4 chart trade setup.

The post GBPUSD Price Action Analysis – 5th Nov 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Firm Owned by India's Richest Man Turns to Blockchain for Trade Finance

Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.

via CoinDesk

CryptoCurrency News: No, Bitcoin Isn't Secretly Messing with the Mid-Term Elections

Take it from someone who's actually received crypto campaign donations.

via CoinDesk

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