CryptoCurrency News: $413: Ether Prices Within a Whisker of All-Time High

The price of ether, ethereum's native token, has brushed all-time highs above $400 – falling just a dollar short of June's record.

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CryptoCurrency News: Air New Zealand, Winding Tree Team Up for Blockchain Exploration

Air New Zealand is partnering with decentralized travel platform Winding Tree to explore blockchain tech for ticket booking and baggage tracking.

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CryptoCurrency News: Flying High: Bitcoin Cash Rallies on Korean Volume Spike

Amid high trading volumes in South Korea, bitcoin cash is flying high today and could gain more altitude in the near-term.

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CryptoCurrency News: UC Berkeley, KyberNetwork Partner for Decentralized Exchange Research

KyberNetwork is teaming up with a University of California blockchain group for research on ways to improve the decentralized exchange model.

via CoinDesk

South Korean Finance Watchdog Has 'No Plans' to Regulate Bitcoin Trading

The governor of a South Korean financial regulator has said it has "no plans" to supervise bitcoin trading, according to a report.

In remarks made to reporters today, Choe Heung-sik, chief of the Financial Supervisory Service (FSS), said that, since his agency does not view cryptocurrencies as "legitimate currency," the FSS does not intend to supervise trading of the digital assets.

According to a Korea Times report, Choe added the South Korean government believes that cryptocurrencies are used in speculation, not as payment tools. As a result, the watchdog considers that cryptocurrencies are not financial products, nor is trading them a financial service.

He said:

"Though we are monitoring the practice of cryptocurrency trading, we don't have plans right now to directly supervise exchanges. Supervision will come only after the legal recognition of digital tokens as a legitimate currency."

The watchdog head's comments come amid growing popularity of cryptocurrency trading in South Korea, and may have been prompted by the recent outage of major domestic exchange Bithumb, which recently experienced a technical outage that reportedly lost traders billions of won.

Source: CoinDesk

[FOREX NEWS] Etherium breaks downwards resistance but creates double top

We wrote yesterday that ETH/USD is trading in a narrowing triangle and that it may break out. Well, that did not take too long. Etherium/USD made a move to $410, breaking above the downtrend resistance line and creating a double-top at that $410 level. Is the break confirmed? After the spike, the cryptocurrency slipped back [...]

The post Etherium breaks downwards resistance but creates double top appeared first on Forex Crunch.

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CryptoCurrency News: Thanksgiving Lull? Bitcoin Trades Sideways But Rally May Continue

Bitcoin is continuing its sideways journey today, with a pullback looking possible. However, the broader outlook still remains bullish

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CryptoCurrency News: US Defense Bill Could Give Big Boost to Blockchain

An obscure provision tucked into a U.S. defense spending bill could act as a springboard for blockchain adoption across government agencies.

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[FOREX NEWS] UK construction sector in recession – GBP/USD is stuck

Pound/dollar is trading above 1.33, closer to the upper end of the 1.3030 to 1.3320 range that characterizes it during long weeks. However, the driver is the weakness of the dollar. The meeting minutes by the FOMC revealed that a few members “oppose” a rate hike and many are becoming more concerned about the absence [...]

The post UK construction sector in recession – GBP/USD is stuck appeared first on Forex Crunch.

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[FOREX NEWS] EUR-USD rises towards the double-top – 3 reasons

EUR/USD is currently trading just under 1.850, very close to the double-top of 1.1860. The first rejection from this level was seen in mid-October. It was then followed in mid-November. Will the third attempt be the charm? Why is EUR/USD rising? Here are three reasons for the rally we are seeing now. Hopes for a [...]

The post EUR-USD rises towards the double-top – 3 reasons appeared first on Forex Crunch.

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CryptoCurrency News: Austrian Bank Raiffeisen Enlists in R3 Blockchain Consortium

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger consortium.

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CryptoCurrency News: Nasdaq to Build Blockchain Voting System for Securities Depository Strate

Nasdaq has entered into an agreement with South African central securities depository Strate to deliver a blockchain solution for e-voting.

via CoinDesk