Thursday, April 30, 2020

CryptoCurrency News: Digital Currency Group

Founded by Barry Silbert in 2015, Digital Currency Group (DCG) is a venture capital firm that invests solely in the digital currency industry. Digital Currency Group has three subsidiaries: CoinDesk, which was purchased in January 2016, digital currency brokerage firm Genesis Trading and digital asset management firm Grayscale Investments.  Headquartered in New York City, DCG […]

via CoinDesk

CryptoCurrency News: YouTube Suspends Ripple’s Tech Chief Days After XRP Scam Lawsuit Filing

Schwartz's channel was suspended for impersonation, but he's no idea why.

via CoinDesk

CryptoCurrency News: Andreessen Horowitz Doubles Down on Crypto Investments With New $515M Fund

Andressen Horowitz pointed to next-generation payments, decentralized finance, new monetization models and Web3 as use cases it would look into for its new $515 million fund.

via CoinDesk

CryptoCurrency News: CBDCs Come in Many Forms – Here’s a Quick Guide

Dozens of central banks are piloting digital currencies. George Calle, of R3, takes us through the various project types.

via CoinDesk

CryptoCurrency News: Bitcoin Whale Addresses Hit Highest Number Since August 2019

Large crypto investors, popularly known as “whales,” seem to be accumulating bitcoin amid the ongoing price rally.

via CoinDesk

CryptoCurrency News: Blockchain Bites: Bitcoin’s Boom Roils Markets and a16z Makes a Long-term Play

While FOMO drives up bitcoin's price and derivatives market, Telegram announces another delay and Andreessen Horowitz raises a $515 million fund.

via CoinDesk

CryptoCurrency News: The ‘Great Lockdown’ Is Boosting Demand for Bitcoin Custody Solutions

Bitcoin wallet startups have seen a sudden uptick in activity. In short, more people want to hold their own bitcoin than ever before.

via CoinDesk

CryptoCurrency News: ICE Spent ‘Nearly $300M’ Helping Bakkt Acquire Loyalty Firm Bridge2

ICE spent close to $300 million acquiring Bridge2 Solutions for Bakkt, CEO Jeffrey Sprecher said in an earnings call Thursday.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for April 30, 2020

Here comes the BTC price bump while Telegram pulls back on its token sale. This is CoinDesk's Markets Daily podcast.

via CoinDesk

CryptoCurrency News: BTSE Exchange Taps Into Crypto Demand by Increasing Request-for-Quote Limits

BTSE, a Dubai-based cryptocurrency exchange, has upped the limit for its over-the-counter request for quote (RFQ) due to April's surge in bitcoin demand.

via CoinDesk

CryptoCurrency News: Banking the Unbanked: How the Crypto Community Can Make a Big Impact

For tech-savvy young adults in communities often overlooked by traditional big business, the crypto and blockchain industry offers opportunities that others don't.

via CoinDesk

CryptoCurrency News: Fidelity-Backed Fireblocks Opens Asia Offices to Pitch Crypto ‘Hot Vault’

Fireblocks, a platform that secures digital assets in transit, is expanding in Asia with two new offices, one in Hong Kong, the other in Singapore.

via CoinDesk

CryptoCurrency News: YouNow’s Regulated Crypto Project Props Will Migrate to Algorand Blockchain

Props is hoping the move onto public blockchain Algorand will help it expand.

via CoinDesk

CryptoCurrency News: Tezos Becomes Latest Blockchain to Tap Chainlink for Oracle Services

Chainlink has integrated with yet another blockchain, this time Ethereum rival Tezos.

via CoinDesk

CryptoCurrency News: Genesis CEO Details ‘Black Thursday’ Chaos in Q1 Lending Report

Crypto lender Genesis Capital increased its loan book to $649 million during a tumultuous Q1 marked by wild fluctuations in the price of bitcoin.

via CoinDesk

CryptoCurrency News: Shares in Grayscale’s Bitcoin Trust Up By 14% After Crypto’s Price Rallies

Shares in the Grayscale Bitcoin Trust climbed 14% on Wednesday as bitcoin's price rallied toward $9,000.

via CoinDesk

CryptoCurrency News: Binance, Brock Pierce Donate $1M to Puerto Rico’s Covid-19 Fight

Brock Pierce’s nonprofit and Binance say they are buying $1 million in personal protective equipment to help fight coronavirus in Puerto Rico.

via CoinDesk

CryptoCurrency News: First Mover: Bitcoin Now Crushing Gold After Biggest Price Jump in Six Weeks

"Digital gold" has surged past the yellow metal to become one of the year's best performing assets, up more than 20% in 2020.

via CoinDesk

CryptoCurrency News: Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

Older mining models can now earn 10-20% gross margins after bitcoin’s price jumps to two-month highs.

via CoinDesk

CryptoCurrency News: Bitcoin Price Rockets to Two-Month High Above $9,400

Call options on bitcoin are drawing higher prices following the cryptocurrency's quick move to two-month highs.

via CoinDesk

CryptoCurrency News: Alibaba Patents Blockchain System That Spots Music Copycats

The e-commerce giant has patented a blockchain-based means of vetting the originality of songs.

via CoinDesk

CryptoCurrency News: Blockstack Ran on Token Sales in 2019, Says Latest SEC Filing

Blockstack disclosed that its $23 million revenue in 2019 came almost entirely from Stacks token sales.

via CoinDesk

[FOREX TIP] CAD/JPY Daily Price Forecast – 30th April 2020

CADJPY produced a bullish engulfing candle yesterday. The H4 chart shows that the price after making a strong bullish move has been in consolidation. Upon finding its consolidation resistance, the price has produced a bearish engulfing candle. The pair is trading around a level, which may work as a level of support. If the level holds the price and produces a bullish reversal candle, the buyers may get an opportunity to go long in the pair later today. Let us have a look at the H4 CADJPY chart.

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

CAD/JPY Daily Price Forecast – 30th April 2020

CAD/JPY Daily Price Forecast – 30th April 2020

The chart shows that the price made a strong bullish move from the level of 76.220. It headed towards the North and had a rejection at 76.900. The chart produced a bearish engulfing candle right at that level closing within 76.730. If the level of 76.730 holds the price and produces a bullish reversal candle, the buyers may go long above the level of 76.900. Let us have a look at the summary of the trade…

  • Buy Stop: 76.939
  • Stop Loss: 76.463
  • Take Profit: 77.625

The daily chart shows that the price gets trapped within a symmetrical triangle on the daily chart. It may take 4/5 trading days to make a breakout and find a direction. Now, the H4 chart favors the buyers. However, the move may not continue. Thus, the buyers may consider closing the whole trade once it hits the target. The fact remains, traders may keep an eye on the pair to trade once it comes out from the range of symmetrical triangle.

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 CAD/JPY Daily Price Forecast – 30th April 2020 appeared first on Advanced Forex Strategies.

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