Thursday, December 5, 2019

CryptoCurrency News: Multicoin Capital Hires Principal in Asia as Crypto VCs Look East

Mable Jiang, formerly of Nirvana Capital, will spearhead the venture firm's hunt for new deals in Asia.

via CoinDesk

CryptoCurrency News: Former eToro Analyst to Provide Crypto-Trading Course for Cointelligence

"Crypto has to be seen from a macro perspective," Mati Greenspan says.

via CoinDesk

CryptoCurrency News: Ripple Files Last Bid to Dismiss XRP Securities Lawsuit Before Court Meeting

Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing.

via CoinDesk

CryptoCurrency News: Ethereum’s Top DEX Is Relaunching to Tap Istanbul’s Lower Gas Fees

IDEX is launching a new DEX built on a layer 2 scalibility protocol made possible through Ethereum's Istanbul hard fork.

via CoinDesk

CryptoCurrency News: MARKETS DAILY: Casualties Ahead in the Cryptocurrency Mining Arms Race

On another down day, we're talking U.S. warnings on digital assets, a brief history of troubled but systemically important stablecoin "Tether", and a look at the arms-race in blockchain mining technology.

via CoinDesk

CryptoCurrency News: Stack Overflow VP Joins Crypto Lending Firm as Chief Product Officer

Crypto lending firm Unchained Capital has hired Will Cole of the Wyoming Blockchain Task Force as its new chief product officer.

via CoinDesk

CryptoCurrency News: Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD

BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model.

via CoinDesk

CryptoCurrency News: Pompliano Joins Board of Blockchain-Based Lending Firm After $103M Raise

Blockchain-based consumer lender Figure added Morgan Creek Digital’s Anthony “Pomp” Pompliano to its board following a $103 million funding round.

via CoinDesk

CryptoCurrency News: Matter Labs Unveils Layer-2 Scaling Solution for Ethereum Payments

Matter Labs released Thursday the testnet of ZK-Sync, a privacy-minded scaling tool meant to help blockchains boost transaction speeds.

via CoinDesk

CryptoCurrency News: Microsoft Teams up With Enjin to Offer Crypto Collectible Rewards

Do good work, earn a "badger." That's the idea behind a new incentives scheme launched by Microsoft in partnership with blockchain gaming project Enjin.

via CoinDesk

CryptoCurrency News: Ex-Morgan Stanley Executives Launch Crypto Derivatives Platform in Singapore

A team of Morgan Stanley veterans have launched a crypto derivatives trading platform, claiming it is faster and more secure than some of the market’s biggest players.

via CoinDesk

CryptoCurrency News: Bitcoin’s Rejection at Key Price Hurdle Puts Short-Term Bull Trend at Risk

Bitcoin sharp rejection at resistance around $7,800 has weakened the short-term bullish outlook.

via CoinDesk

CryptoCurrency News: Canadian Government-Assisted Bitcoin Miner Files for Bankruptcy Owing Millions

Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million), CBC News reported Wednesday. Having run centers in Labrador […]

via CoinDesk

CryptoCurrency News: ChromaWay Doubles Down on Gaming With Antler Interactive Acquistion

ChromaWay will add Antler's game catalog to its own Chromia blockchain with the acquisition.

via CoinDesk

CryptoCurrency News: Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins

A panel of top U.S. financial regulators urged federal and state officials to monitor risks from digital assets like bitcoin.

via CoinDesk

[FOREX TIP] Free Forex Trade Signals EURCAD – 5th Dec 2019

EURCAD had an intense bearish day yesterday. After producing an Inside Bar at a Double Top resistance, the pair headed towards the South with extreme selling pressure. As expected, the H4 chart looks very bearish and good for the sellers. The price has had its support and been on consolidation. A significant level of resistance is nearby. If the level holds the price and produces an H4 bearish reversal candle, selling the pair may get the sellers some green pips with an excellent risk-reward. Let us have a look at the H4 EURCAD chart.

This trade idea was generated by our powerful Elite Swing Trader System.

Free Forex Trade Signals EURCAD – 5th Dec 2019

Free Forex Trade Signals EURCAD – 5th Dec 2019

The H4 chart shows that a massive H4 bearish candle brought the price at the level of 1.46055. The last H4 candle was bearish but it closed within the support as well. The price may consolidate more and find its next resistance at the level of 1.46320. If that level holds the price and produces an H4 bearish engulfing candle, an H1 breakout at the level of 1.46055 may drive the price towards the level of 1.45545. Let us have a look at the summary of the trade…

  • Sell Stop order: 1.46036
  • Stop Loss: Above 1.46277
  • Take Profit: 1.45662

The first week of the last month of the year has been action-packed. Usually, the Forex market gets sluggish in December. The CAD, the GBP, the JPY along with the USD, all these major currencies have made some significant moves. It is most likely that we may find a different December this year.

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The post Free Forex Trade Signals EURCAD – 5th Dec 2019 appeared first on Advanced Forex Strategies.

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