Thursday, January 30, 2020

CryptoCurrency News: Bitfinex Adds Margin Trading on Tether Gold With Pairs of Up to 5x Leverage

Bitfinex has launched margin trading for Tether Gold with select pairs of up to 5 times leverage.

via CoinDesk

CryptoCurrency News: Silk Road Operator Pleads Guilty to 1 Charge of Conspiracy

Roger Clark, an alleged operator behind the Silk Road darknet site arrested in 2015, has pleaded guilty to one charge of conspiracy to distribute narcotics.

via CoinDesk

CryptoCurrency News: Nomura Launching Benchmark for Japan’s Crypto Assets

Pegged to Japan's cryptocurrency market, Nomura's benchmark will be available to domestic and overseas institutional investors and crypto exchanges, among others.

via CoinDesk

CryptoCurrency News: Ethereum Dev Virgil Griffith Pleads Not Guilty to Violating North Korea Sanctions

Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday.  Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to evade sanctions. A complaint […]

via CoinDesk

CryptoCurrency News: The Unsolved Mystery of How to Fund Public Protocols

Gitcoin, BCash and Zcash all try different paths to fund public protocol development, plus the latest in CBDCs from Japan and Cambodia and Andrew Yang on crypto.

via CoinDesk

CryptoCurrency News: Listia Raised $15M With Its XNK ICO. Now It’s Ditching the Token for Props

Listia's marketplace for used-goods is ditching its native XNK token in favor of YouNow's props.

via CoinDesk

CryptoCurrency News: Exchange Tokens: Neither a Great Investment Nor a Great Market Indicator

It’s surprising that, despite the success of their issuers, exchange tokens have not been more successful as investments, or as metrics of adoption in one of crypto assets' best-proven use cases, speculation.

via CoinDesk

CryptoCurrency News: Two Social Networks Announce Plans to Integrate YouNow’s Props Token

YouNow says two other peer-to-peer sites are now integrating its props token: Camfrog and Listia.

via CoinDesk

CryptoCurrency News: Zap’s New Product Lets Merchants Take Dollars Over Lightning Network

"Merchants can accept bitcoin and lightning payments with the same infrastructure, except they never touch the asset," explained Zap founder Jack Mallers.

via CoinDesk

CryptoCurrency News: Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say

MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak.

via CoinDesk

CryptoCurrency News: ‘One Network, Many Chains’ – The Case for Blockchain Interoperability

Inter-blockchain communication (IBC) is poised to be a major theme of 2020. And, like most trends in crypto, it has its fair share of hope, hype and haters.

via CoinDesk

CryptoCurrency News: Cambodia Readies a Blockchain-Based Digital Currency

Cambodia's central bank digital currency platform has the support of 11 national banks and will be used initially for domestic payments once launched at some point during the first fiscal quarter of this year.

via CoinDesk

CryptoCurrency News: Crypto News Roundup for Jan. 30, 2020

Markets Daily is back with news of the day and clips of Democratic Presidential hopeful Andrew Yang's recent crypto comments.

via CoinDesk

CryptoCurrency News: TokenSoft Launches Wallet Allowing Investors to Self-Manage Security Tokens

The U.S.-regulated security token platform says its new wallet product makes managing tokens easier for less tech-savvy investors.

via CoinDesk

CryptoCurrency News: Compared to Traditional Banks, Crypto Lenders See Booming Growth

A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.

via CoinDesk

CryptoCurrency News: Bittrex Takes Out Record $300M Insurance on Crypto Held in Cold Storage

The insurance was underwritten by Arch Syndicate 2012, which provides specialized insurance for corporations.

via CoinDesk

CryptoCurrency News: Coinbase Custody, Bison Trails Join Proof of Stake Alliance to Push for Clearer Crypto Regulations

Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, a lobbyist organization hoping to clarify the legal treatment of staking rewards in the U.S.

via CoinDesk

CryptoCurrency News: Andrew Yang: US Has to Fix Its ‘Hodgepodge’ Crypto Regulation

The current fragmented regulatory situation in the U.S. is "bad for everybody," Yang said.

via CoinDesk

CryptoCurrency News: Bitcoin Reinforces Latest Rally With Defense of $9,200 Price Support

Bitcoin's price rally is looking solid, with the bulls defending key price support earlier on Thursday.

via CoinDesk

CryptoCurrency News: Japan Must Be Ready if Demand for Digital Yen ‘Soars’: Central Bank Official

Japan needs to keep researching a central bank digital currency, even if it won't launch one just yet, accord to the Bank of Japan's deputy governor.

via CoinDesk

CryptoCurrency News: Ethereum-Based Ad Firm Bidooh Sues Founders in Tech Ownership Dispute

The co-founders are countersuing, claiming the company – which developed "Minority Report-inspired ad boards – has been hijacked.

via CoinDesk

CryptoCurrency News: Former JPMorgan Exec Joins Binance as Latin American, European Director

Former State Street counsel, JPMorgan vice president and Huobi regional head Josh Goodbody is joining Binance as its new director of European and Latin American growth and institutional business.

via CoinDesk

[FOREX TIP] CHF/JPY Daily Price Forecast – 30th Jan 2020

CHF/JPY has been bearish on the daily chart. The pair produced a spinning top daily yesterday with a bearish body. The H4 chart shows that the price has been on consolidation. A level of flipped resistance may drive the price towards the South, which may end up offering a short entry. Let us have a look at the H4 CHF/JPY chart.

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

CHF/JPY Daily Price Forecast – 30th Jan 2020

CHF/JPY Daily Price Forecast – 30th Jan 2020

The chart shows that the price has been heading towards the downside after having consolidation. It bounced at the level of 111.655 yesterday and produced a bullish engulfing candle too. However, the price has been bearish for a long time. The price already had a rejection at the level of 112.060. If it produces a strong bearish reversal candle, the sellers may go short on the pair if the pair makes an H4 breakout at the level of 111.655. Let us have a look at the summary of the trade…

  • Entry: Sell below 111.735
  • Stop Loss: Above 112.158
  • Take Profit: 111.312

The price may make a long upward correction at the level of 111.035 since it is daily support. Thus, the sellers may consider taking out the whole trade at the take profit level. On the other hand, if the price makes a daily breakout at the take profit level, the pair may remain bearish for quite a while on the daily chart. Most probably, the price may not make a daily breakout at that level straightway. The Head and Shoulder pattern may be produced on the daily chart before it heads towards the South further.

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The post CHF/JPY Daily Price Forecast – 30th Jan 2020 appeared first on Advanced Forex Strategies.

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