CryptoCurrency News: Shell, BP Among Energy Giants to Back Blockchain Trading Platform

The energy industry has been getting more complex and it needs greater standardization to lower costs to participants and consumers.

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[FOREX NEWS] AUD/USD ticks lower on unchanged RBA decision

The Australian dollar was moving higher, bouncing off the support line of 0.7640. It had already advanced to nearly 0.77. Well, the initial reaction to the RBA decision sent it to that round number of 0.77, but it was only momentary. From there, the pair slipped back down under 0.7670 and remained entrenched in the [...]

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[FOREX NEWS] GBP/USD: consolidation or further falls?

The pound was hit by the Bank of England’s dovish hike last week and remains on lower ground. But will it continue falling? Here are two opinions: Here is their view, courtesy of eFXnews: GBP/USD: Symmetric Risks After The Sell-Off – Barclays Barclays Capital FX Strategy Research discusses GBP/USD outlook, arguing that Sterling faces symmetric risks [...]

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CryptoCurrency News: Money Manager VanEck Launches Cryptocurrency Price Indices

The firm behind a recent effort to launch a cryptocurrency-tied (ETF) has unveiled a set of new indices related to bitcoin and other digital assets.

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CryptoCurrency News: $8,000? Goldman Sachs Analysts See Possible Bitcoin Price Jump

Goldman Sachs analysts predicted that the price of bitcoin could surge as high as $8,000 in a note distributed to clients earlier this week.

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CryptoCurrency News: Bitcoin's Price Slips Below $7,000

The price of bitcoin has slid below $7,000 just a day after climbing above the $7,600 level.

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CryptoCurrency News: Ripio Closes $37 Million ICO for Ethereum Lending Network

Ripio's peer-to-peer lending platform uses smart contracts to reduce lender risk and increase lending in the developing world.

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CryptoCurrency News: US Medical Board Group Launches Blockchain Certification Pilot

A national non-profit group for state medical boards is launching a new blockchain pilot focused on digital certifications.

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CryptoCurrency News: US Treasury to Audit FinCEN's Cryptocurrency Practices

FinCEN's cryptocurrency practices are set to be reviewed by the U.S. Treasury Department's inspector general.

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Ethereum Classic Snaps Slump as Price Hits Eight-Week High

Ethereum classic rose to eight-week high today – its highest level since September 9.

At press time, the fork of the etheruem blockchain is trading at around $15.00. As per CoinMarketCap, the ninth largest cryptocurrency by market capitalization has gained 16.90 percent in the last 24 hours. Week-on-week, ETC is up 38.88 percent, while on a monthly basis, it is carrying 21.68 percent gains.

Volume figures show the rally has been in part fueled by Korean exchanges offering trading in ethereum classic to South Korean won (ETC/KRW) pairs. As per CoinMarketCap, trading volumes on Bithumb, one of the largest cryptocurrency exchanges in South Korea, have jumped by 53.52 percent over the last 24 hours.

Elsewhere, the investor community is associating the price rally with the listing of ETC and ETH futures on OKEX, a digital asset trading platform launched by China-based exchange OKCoin.

Whatever the reason for the recent gains, the rally looks solid on the technical charts. Price action analysis indicates that the cryptocurrency could rally to $17.88 levels.

Ethereum classic chart

The above chart shows:

- Consolidation (sideways channel) has ended with a bullish breakout. - The relative strength index (RSI) is overbought.

View

Bullish break has opened doors for a rally to $17.88 levels (target as per the measured height method, i.e. difference between the channel high/low added to the channel resistance). The RSI is overbought, hence a short-term consolidation in the range of $13.50-$15.00 cannot be ruled out, before prices rally to $17.88 levels.

On the downside, a sustained move below today's low of $12.91 would abort the bullish view.
Source: CoinDesk

CryptoCurrency News: PBoC Research Lead: 'Crucial' to Issue Central Bank Cryptocurrency Soon

The lead cryptocurrency researcher at the People's Bank of China has said it is "crucial" to issue digital legal tender as soon as possible.

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CryptoCurrency News: Bitcoin Price Fades After Spike to New Record High

Following yet another record high at the weekend, bitcoin is trading on the back foot today.

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CryptoCurrency News: Bitcoin Startup RSK to Launch Smart Contracts Sidechain in 2017

RSK's effort to bring ethereum-like smart contracts to the bitcoin blockchain could go live in 2017, its lead developer has told CoinDesk.

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CryptoCurrency News: Pop Star Bjork to Accept Cryptocurrency Payments for New Album

Icelandic music star Bjork is partnering with British startup Blockpool to let fans pay with cryptocurrencies for her forthcoming album "Utopia."

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CryptoCurrency News: Price of Success? Bitcoin Faces New Pressure in a Multi-Coin World

Day two of a popular bitcoin developer conference saw evidence the technical community is perhaps being challenged by larger changes in blockchain.

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CryptoCurrency News: IBM Pitches Blockchain to British Columbia for Pot Supply Chains

IBM has provided feedback to the government of British Columbia promoting the use of blockchain technology in the legal distribution of cannabis.

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[FOREX NEWS] Fed holds rate steady. Trump nominates Powell as the new Fed Chair

Amid a busy week from the US last week the FOMC managed to stay in the headlines with two major events. On Wednesday, the FOMC meeting passed off as a non-event. However, the signal that was sent from the central bank was that it was committed to raising interest rates in December. Later in the [...]

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CryptoCurrency News: UBS Chief Economist Compares Bitcoin to Tulip Mania

UBS chief global economist Paul Donovan has compared bitcoin to the Netherland's 1600s tulip crisis, but noted he was a fan of blockchain technology.

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