Thursday, April 2, 2020

CryptoCurrency News: Manufacturers Mark Down Bitcoin Miners as Price Drop, Halving Change Calculus

Last month’s bitcoin price crash has prompted manufacturers to sell their mining devices at discounts as steep as 20 percent ahead of the May halving.

via CoinDesk

CryptoCurrency News: Chinese Financial Watchdog Warns of Manipulative Crypto Exchanges

A Chinese financial watchdog warned investors of rising risks in crypto investments as the global stock market continues to fluctuate.

via CoinDesk

CryptoCurrency News: As Governments Rush to Track Coronavirus, Honduras May Offer a Privacy-First Model

A blockchain startup working in Honduras may show world governments how to limit surveillance overreach while still fighting the deadly coronavirus.

via CoinDesk

CryptoCurrency News: Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain

Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER.

via CoinDesk

CryptoCurrency News: 5 Reasons for Cautious Optimism in Crypto

While traditional markets continue to flail, bitcoin and crypto are showing surprising resilience and attracting new audiences.

via CoinDesk

CryptoCurrency News: Bitcoin Blows Past $7K in Sudden 14% Jump

Bitcoin (BTC) suddenly rallied Thursday after weeks in the doldrums, trading above $7,000 for the first time since March 11.

via CoinDesk

CryptoCurrency News: Makers of Keep Protocol Raise $7.7M to Bring Trustless BTC to DeFi

Thesis has closed a $7.7 million deal by selling its KEEP tokens to some of crypto’s top investors. Its TBTC project could get more bitcoin into DeFi.

via CoinDesk

CryptoCurrency News: Ripple Engineers Publish Design for Private Transactions on XRP Ledger

Ripple engineer Nik Bougalis has proposed a method of shielding transactions on the XRP ledger.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for April 2, 2020

Crypto is up and a weird lawsuit may be coming to an end. It's CoinDesk's Markets Daily podcast.

via CoinDesk

CryptoCurrency News: CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool

The firm has partnered with a number of prominent blockchain industry names including ErisX, Lolli and Casa.

via CoinDesk

CryptoCurrency News: Using Bitcoin in Zimbabwe, Part 3 of a Six-Part Documentary Podcast Series

In the third episode of the six-part series about Bitcoin in Africa you will hear from two early bitcoin adopters based in Harare, the capital of Zimbabwe.

via CoinDesk

CryptoCurrency News: Digital Custodian Anchorage Adds XRP Storage for Institutional Customers

Anchorage, a digital asset custodian targeting institutional clients, has added support for XRP, offering services for all of the top-3 cryptocurrencies.

via CoinDesk

CryptoCurrency News: Binance’s CoinMarketCap Acquisition Is a Bet That Crypto Really Is for the Masses

By acquiring high-traffic data site CoinMarketCap, crypto exchange Binance has bought itself the top of the proverbial customer-acquisition funnel.

via CoinDesk

CryptoCurrency News: Factom Faces Liquidation After Investors Refuse Request for More Funding

The blockchain firm's biggest investor, FastForward, is now its receiver.

via CoinDesk

CryptoCurrency News: Bitcoin Enters Historically Strong Quarter With 3% Price Gain

Bitcoin has kicked off the historically strong second quarter on a positive note – scoring gains overnight despite losses on Wall Street.

via CoinDesk

CryptoCurrency News: Crypto Wants Stronger Public Response to Coronavirus, CoinDesk Survey Shows

People in blockchain tend not to love government. But they don't want it to be idle in a crisis, a CoinDesk survey suggests.

via CoinDesk

CryptoCurrency News: SEC Seeks More Feedback on tZERO’s Proposed Security Token Exchange

The commission has extended a comment period on a proposed rule change to clear a regulatory path for the Boston Security Token Exchange, a tZERO-backed platform.

via CoinDesk

CryptoCurrency News: Looking for a Halving Payday? Quick Wins in Investing Are Rare

Miracle returns in investing seldom materialize. Beware excessive expectations for the bitcoin halving.

via CoinDesk

CryptoCurrency News: FATF Says US ‘Largely Compliant’ With Virtual Currency Recommendations

A new Financial Action Task Force report says the U.S. is largely in compliance with its recommendations around digital assets, but still has some "minor deficiencies" in its state and federal framework.

via CoinDesk

[FOREX TIP] AUD/JPY Daily Price Forecast – 2nd April 2020

AUDJPY produced two bearish candles on the daily chart. The chart upon finding its resistance produced a bearish engulfing candle. Yesterday’s candle came out as a bearish candle as well. Thus, the H4 chart looks good for the sellers. The price made a bearish move and found its support. It has been in an upward correction. A level of flipped may come into play and work as a level of resistance. If the level produces a bearish reversal candle, the sellers may find an opportunity to go short in the pair. Let us have a look at the H4 AUDJPY chart.

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

AUD/JPY Daily Price Forecast – 2nd April 2020

AUD/JPY Daily Price Forecast – 2nd April 2020

The chart shows that the price after being bearish had a bounce at the level of 64.900. The price has been having an upward correction. The level of 65.620 may work as a level of resistance. If the level produces a bearish reversal candle, the sellers may go short below the level of 64.900. The daily swing low offers the sellers to ride on the potential bearish wave with an excellent risk-reward. Thus, the price may head towards the South with good bearish momentum. Let us have a look at the summary of the trade…

  • Sell Stop: 64.897
  • Stop Loss: 65.731
  • Take Profit: 63.946

The sellers may consider taking a partial profit at the take profit level and let the rest of the trade run. The price may go up to the level of 61.200. Today’s daily candle is very vital as well. If it ends up being a strong bearish candle, the pair will be dominated by the bear for some days.

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society


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The post AUD/JPY Daily Price Forecast – 2nd April 2020 appeared first on Advanced Forex Strategies.

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