Tuesday, March 17, 2020

CryptoCurrency News: Mark Karpeles Accuses Plaintiff in Mt Gox Lawsuit of Attempting to ‘Thwart’ Court

Karpeles accused Greene of trying to change claims ahead of a possible summary judgment.

via CoinDesk

CryptoCurrency News: Caitlin Long’s Wyoming Crypto Bank Announces C-Suite, Including Bitcoin Core Dev

On Tuesday, Avanti Financial Group announced five new executive hires, including bitcoin core developer Bryan Bishop and Figure Technology’s Zev Shimko.

via CoinDesk

CryptoCurrency News: Thieves Swindle $2M From Coronavirus Preppers With Hand Sanitizer, Face Mask Scams

Scammers purporting to sell face masks, hand sanitizer and medication have stolen at least $2 million in cryptocurrency from panicking consumers, claims blockchain security firm AnChain.AI.

via CoinDesk

CryptoCurrency News: Toyota Reveals Blockchain Lab Exploring Auto-Industry Applications

Toyota is exploring blockchain applications to the auto industry through a newly-revealed group composed of several subsidiaries.

via CoinDesk

CryptoCurrency News: Steem Community Plans Hostile Hard Fork to Flee Justin Sun’s Steemit

The blockchain for bloggers, Steem, is moving to Hive.io, CoinDesk has learned. The hostile hard fork is scheduled for Friday.

via CoinDesk

CryptoCurrency News: How I’m Coping With Spain’s Coronavirus Lockdown

Noelle Acheson shares details and perspective on the first few days in Spanish lockdown.

via CoinDesk

CryptoCurrency News: After a Wild Ride, Stocks Take a Breather and Crypto Bounces Back

Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.

via CoinDesk

CryptoCurrency News: Why Bitcoin Is the Only Truly Free Market, Feat. Dan Tapiero

In the wake of Trump’s promise to “go big” on stimulus, where does bitcoin and its safe-haven narrative stand?

via CoinDesk

CryptoCurrency News: BlockFi Raises Deposit Rates as Bitcoin Crash Juices Loan Demand

Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market.

via CoinDesk

CryptoCurrency News: Experts Say the Fed’s QE Program Will Strengthen Bitcoin – One Way or Another

While QE may be anathema to crypto hardliners, some experts agree the net effect on bitcoin prices is positive.

via CoinDesk

CryptoCurrency News: Record Bitcoin Price Volatility Fails to Unnerve HODLers

Bitcoin’s price volatility has surged to record highs but long-term HODLers don't seem to be deterred.

via CoinDesk

CryptoCurrency News: MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos

MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg. Passed Tuesday at 2:58 UTC, the Coinbase- and Circle-backed USDC is now available for use as collateral on the premiere DeFi platform following an executive […]

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for March 17, 2020

NFTs for sale on Gemini, market muddles and a blockchain for toilet paper? It's CoinDesk's Markets Daily.

via CoinDesk

CryptoCurrency News: Coinbase Card Users Can Now Make Crypto-Backed Payments With Google Pay

Card holders will be able to make crypto-backed payments from any Google Pay-enabled device.

via CoinDesk

CryptoCurrency News: Overstock Hit By Two More SEC Subpoenas in December

The bitcoin-friendly retail company and the parent of security token marketplace tZERO says it was again subpoenaed by the Securities and Exchange Commission at the end of 2019.

via CoinDesk

CryptoCurrency News: Gemini’s Nifty Gateway Bets on Celebs to Drive Interest in Crypto Collectibles

The Gemini-owned Nifty Gateway just opened its marketplace for non-fungible tokens,

via CoinDesk

CryptoCurrency News: Bitcoin Is Now Undervalued, Suggests This Price Metric

Bitcoin's MVRV Z-score suggests the cryptocurrency is under-priced and could be trading near a major bottom.

via CoinDesk

CryptoCurrency News: Fintech Think Tank Takes Legal Action Against Cardano Foundation

London-based think tank Z/Yen has taken legal action against the foundation for allegedly terminating a 2017 agreement.

via CoinDesk

CryptoCurrency News: Swedish Central Bank Bids to Host BIS Hub for Digital Currency Research

Sweden’s Riksbank says its digital currency researchers are the best in central banking.

via CoinDesk

CryptoCurrency News: Opera Browser Adds New Cryptocurrency Purchase Options

The Opera browser app has partnered with e-payments startup Wyre to expand its built-in wallet’s crypto buying power.

via CoinDesk

[FOREX TIP] GBP/CHF Daily Price Forecast – 17th March 2020

GBPCHF has been bearish on the daily chart. The pair produced a bearish candle yesterday as well. The price has had a bounce at a level and has been heading towards the North to search for resistance. If the chart produces a bearish reversal candle upon finding its resistance, the sellers may go short below yesterday’s lowest low. Let us have a look at the H4 GBPCHF chart.

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

GBP/CHF Daily Price Forecast – 17th March 2020

GBP/CHF Daily Price Forecast – 17th March 2020

The chart shows that it made a strong bearish move and found its support at the level of 1.15530. It has been heading towards the North slowly, which suggests that the sellers still hold the key. If the price goes towards the level of 1.16660 and the level produces a bearish reversal candle, the sellers may go short below the level of 1.15530 to grab some green pips. Let us have a look at the summary of the trade

  • Sell Limit: 1.17641
  • Stop Loss: 1.19217
  • Take Profit: 1.15826

The daily and the H4 chart look extremely bearish. Thus, even the price makes a bullish breakout at the level of 1.16660, the traders may not consider going long on the pair. Until it produces a strong daily bullish reversal candle, the H4 and the H1 traders may only consider going short on the pair. If the daily chart remains bearish for four more days, the weekly candle would come out as a bearish candle. This would make the pair remain bearish for even some weeks. Let us eagerly wait to find out how this weekly candle closes.

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The post GBP/CHF Daily Price Forecast – 17th March 2020 appeared first on Advanced Forex Strategies.

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