Wednesday, November 21, 2018

CryptoCurrency News: There Is No ‘Bitcoin’: What the SEC Doesn’t Get About Cryptocurrency

The SEC would like to establish jurisdiction over crypto assets but this is only appropriate where there are legally enforceable contracts between legal entities, argues Edan Yago.

via CoinDesk

CryptoCurrency News: Amended Suit Against Coinbase Details Bitcoin Cash Insider Trading Claims

Plaintiffs in an ongoing case against Coinbase have filed an amended lawsuit explaining how they believe the exchange allowed insiders to unfairly profit from its rollout of bitcoin cash last December.

via CoinDesk

CryptoCurrency News: Nearly 500 Crypto Startups Bank at Silvergate, IPO Filing Reveals

The California-based operator of Silvergate Bank has detailed its relationships with the cryptocurrency industry as part of its IPO filing with the SEC.

via CoinDesk

CryptoCurrency News: Circle’s Dollar-Tied Stablecoin Fully Backed, Auditor’s ‘Attestation’ Says

Circle Internet Financial had $127.5 million at the end of last month, enough to back the total number of USDC stablecoins in circulation.

via CoinDesk

CryptoCurrency News: In First Since 2015, Bitcoin’s Price Is Testing a 200-Week Average

The pace of bitcoin’s ongoing sell-off is setting new records with every passing day, the latest being its test of a key long-term moving average for the first time in three years. Indeed, the world’s most valuable cryptocurrency network fell below its 200-week exponential moving average (EMA) of $4,180 yesterday, marking the first break of […]

via CoinDesk

CryptoCurrency News: Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator

Colorado's securities watchdog has issued four more cease-and-desist orders against suspect ICOs, taking its total since May to 18.

via CoinDesk

CryptoCurrency News: Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.

via CoinDesk

CryptoCurrency News: The Crypto Insurance Market May Total $6 Billion. That’s Nowhere Near Enough

There is less than $5 billion of global capacity to insure crypto wallets held in custody. Coinbase has secured a significant chunk of that.

via CoinDesk

CryptoCurrency News: $5K Bounce? Bitcoin Price May Have Hit Bottom For Now

Bitcoin could be in for a stronger recovery rally in the next few days, having found a temporary low near $4,000.

via CoinDesk

CryptoCurrency News: VanEck Subsidiary Launches Index Tracking OTC Bitcoin Performance

MV Index Solutions, a subsidiary of investment management firm VanEck, has launched a new index tracking the OTC performance of bitcoin.

via CoinDesk

[FOREX TIP] EURAUD Price Action Analysis – 21st Nov 2018

We just this powerful Price Action Scanner to find us the best trades everyday.

EURAUD seems to have made out an upside breakout on the H4 chart. The pair has been Bullish for some days. However, buying pressure has not been that great. One more upside breakout may add the momentum and make the price head towards the North with a good pace. The price has been Bullish by maintaining an H4 Bullish Channel. It seems that the price is approaching at the Support level. Thus, the pair might offer us a long entry later today. Let us have a look at the H4 EURAUD chart.

EURAUD Price Action Analysis – 21st Nov 2018

EURAUD Price Action Analysis – 21st Nov 2018

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The H4 chart clearly suggests that the price is heading towards the North after making an upside breakout. The price kept going towards the North. It might be the time for the price to make some correction. If the price comes down to the level of 1.56900 and produces a Bullish Engulfing Candle, then buying the pair would get us some green pips. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.56900
  • Stop Loss: 1.56900
  • Take Profit:  1.58300
  • 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 potential level that has been marked here might be a level of Dynamic Support level. The price reacted here heavily earlier wherein it acted as a horizontal level of Resistance. Now it seems that at the same level the up trending channel’s Support lies as well. Thus, it would be a Dynamic Support Level (DSL). If DSL and Engulfing Candle get together, the chance of hitting the target goes up to 90%.

The post EURAUD Price Action Analysis – 21st Nov 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Bitfury Adds Former SEC Commissioner to Advisory Board

Former SEC Commissioner Annette Nazareth is joining the advisory board of crypto mining firm Bitfury.

via CoinDesk

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