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Wednesday, November 29, 2017
CryptoCurrency News: Just 400%? Willy Woo's Magic Math for Insane Crypto Returns
High stakes altcoin investor Willy Woo has the math to back up his (at times turbulent) investment thesis.
via CoinDesk
CryptoCurrency News: Crypto Corrupts the Youth? South Korea Prime Minister Says So
Prime Minister Lee Nak-yeon reportedly frets about kids selling drugs and pyramid schemes while regulators draft rules for South Korea's exchanges.
via CoinDesk
CryptoCurrency News: ICO Pros Call for Self-Regulation Citing SEC Risk
The ICO community must self-regulate to lessen the blows likely to come from enforcement and regulatory actions, said speakers at Consensus: Invest.
via CoinDesk
CryptoCurrency News: Bitcoin Price Falls $1,000 in Minutes to Drop Below $10k
The price of bitcoin experienced a dramatic decline today at a time when many major exchanges were showing signs of stress from new interest.
via CoinDesk
CryptoCurrency News: Bitcoin 'Ought to Be Outlawed,' Economist Joseph Stiglitz Says
Bitcoin "doesn’t serve any socially useful function," says Joseph Stiglitz, a former World Bank chief economist and onetime adviser to the U.S. president.
via CoinDesk
CryptoCurrency News: Tokenized Fund-of-Funds to Raise $100 Million Via ICO
A new tokenized fund-of-funds was announced yesterday that aims to raise up to $100 million via an initial coin offering.
via CoinDesk
CryptoCurrency News: China State TV: OTC Bitcoin Platforms May Violate Regulation
Commentary on China's state television suggests a ban on cryptocurrency trading platforms may extend further than startups originally thought.
via CoinDesk
CryptoCurrency News: Wallet Demo Showcases Lightning-Like Network for Ethereum
A Liquidity Network founder has demoed how an ethereum wallet could function using a new off-chain scaling solution.
via CoinDesk
CryptoCurrency News: Bitcoin Cash Plans to Increase Its Block Size, Again
Bitcoin cash could have its block size increased next year, according to an early roadmap from Bitcoin ABC.
via CoinDesk
[FOREX NEWS] ETH/USD >$500 – Ethereum getting carried after Bitcoin
Bitcoin is not alone in setting new records at very round levels. The price of the second most popular cryptocurrency, Ethereum, is trading above $500. The high so far is $548 but liquidity remains relatively low. The rise today is 8%, below the advance of around 13% that bitcoin is experiencing. But looking at the [...]
The post ETH/USD >$500 – Ethereum getting carried after Bitcoin appeared first on Forex Crunch.
via Forex Crunch
[FOREX NEWS] Bitcoin > $11,000 – also getting a nod from the Fed
New York Fed President Bill Dudley said that perhaps the Federal Reserve should start thinking about its own digital currency. He acknowledges the value of blockchain technology. BTC/UDS is now at 11111.11 US dollar and continues climbing more coming
The post Bitcoin > $11,000 – also getting a nod from the Fed appeared first on Forex Crunch.
via Forex Crunch
[FOREX NEWS] Yellen mostly positive – USD likes it
Fed Chair Janet Yellen sounds slightly more optimistic than last week. The changes may be very subtle, but they are enough to support the dollar. The greenback is already enjoying optimism that Congress will eventually pass a significant tax cut. The greenback is gaining across the board. Yellen’s prepared statement towards her testimony later on [...]
The post Yellen mostly positive – USD likes it appeared first on Forex Crunch.
via Forex Crunch
[FOREX NEWS] US GDP revised to 3.3% – USD extends gains
The US economy grew at an annualized rate of 3.3% in Q3 2017 according to the updated estimate. This is slightly better than 3.2% that was expected and above 3% originally reported. Q2 saw 3.1%. Corporate profits are up but not as much as beforehand. 4.3% q/q, 5.4% y/y. The US dollar was already gaining [...]
The post US GDP revised to 3.3% – USD extends gains appeared first on Forex Crunch.
via Forex Crunch
CryptoCurrency News: Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains
Bitcoin prices are showing the first signs of bull market exhaustion, with several indicators suggesting overbought conditions.
via CoinDesk
CryptoCurrency News: Russian Central Bank Issues New Warning Against Cryptocurrencies
Russia's central bank warned against investing in cryptocurrencies in its annual Financial Stability Report released Tuesday.
via CoinDesk
CryptoCurrency News: New Zealand Watchdog Warns Investors Over Marketplace ICO
New Zealand's financial markets watchdog has warned citizens from investing in an initial coin offering for an online marketplace.
via CoinDesk
[FOREX NEWS] German inflation beats expectations with 1.8% y/y – EUR/USD ignores
A better than expected inflation read from Germany: annual inflation is now 1.8%, a jump from 1.5% in October. Month over month, prices are up 0.3%. We have the same numbers in both the national and HICP measures. EUR/USD is not really enjoying it, extending the slide and reaching 1.1835. Germany was expected to report a [...]
The post German inflation beats expectations with 1.8% y/y – EUR/USD ignores appeared first on Forex Crunch.
via Forex Crunch
[FOREX NEWS] Celebrating too soon? Sell opportunity on GBP/USD
Pound/dollar is at its highest level in two months, settling above the 1.34 level after posting a high at 1.3430. The driver is clear: reports about the UK agreeing to high divorce bill. This, in turn, unlocks the next stage of the talks regarding future negotiations. Yet perhaps Christmas came too early for the pound. [...]
The post Celebrating too soon? Sell opportunity on GBP/USD appeared first on Forex Crunch.
via Forex Crunch
CryptoCurrency News: A New Blockchain ETF Is Up for SEC Approval
Horizons ETFs Management has filed for a new blockchain exchange-traded fund with the U.S. Securities and Exchange Commission.
via CoinDesk
CryptoCurrency News: ICO Mania Has Calmed Down a Bit – And That's Not So Bad
While there's plenty of evidence that ICOs are alive and well, attitudes from investors and entrepreneurs appear to be hardening.
via CoinDesk
[FOREX NEWS] GBP/USD breaks to a two-month high on Brexit bill deal hopes
A report about the British government accepting to pay a high Brexit divorce bill sent the pound higher. And now it is taking another leg up. Pound/dollar is already trading at 1.3415 1.3428, the highest in around two months. An outline of the Brexit divorce bill is much closer to the EU demands of 60 [...]
The post GBP/USD breaks to a two-month high on Brexit bill deal hopes appeared first on Forex Crunch.
via Forex Crunch
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