CryptoCurrency News: Bitcoin Startup BitGo to Buy Asset Custodian

Blockchain security company BitGo will acquire Kingdom Trust in a new deal announced on Thursday.

via CoinDesk

CryptoCurrency News: Bitcoin Takes the Stage at Davos in Currency Panel Debate

Cryptocurrencies took the stage Thursday at the World Economic Forum in Davos, Switzerland, during a panel discussion on bitcoin.

via CoinDesk

CryptoCurrency News: Lawmaker Says 'Tennessee Is Ready for Blockchain' at Bill Hearing

Tennessee legislators say the state is "ready for the blockchain."

via CoinDesk

[FOREX NEWS] Trump trumps the dollar – recovers across the board

The US President says the dollar will become strong and stronger in his typical hyperbolic style. He “wants to see a stronger dollar” and says his Treasury Secretary’s words about “a weak dollar being good for the US” were taken out of context. more coming

The post Trump trumps the dollar – recovers across the board appeared first on Forex Crunch.

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CryptoCurrency News: May, Lagarde, Mnuchin: World Leaders Are Talking Crypto at Davos

World leaders have struck a cautionary tone on cryptocurrencies in statements made during the World Economic Forum event in Davos.

via CoinDesk

CryptoCurrency News: Bitcoin Won't Cause Lehman-Style Meltdown, Says MAS Fintech Chief

The fintech chief at the Monetary Authority of Singapore believes bitcoin won't cause a financial meltdown like the 2008 Lehman Brothers bankruptcy.

via CoinDesk

CryptoCurrency News: Wyoming Lawmakers Want Exemptions for ICO Utility Tokens

Lawmakers in Wyoming have filed a bill that, if approved, would exempt some creators and sellers of blockchain tokens from securities regulations.

via CoinDesk

CryptoCurrency News: 'Micro' Finance Giant Robinhood Makes Big Bet on Bitcoin Trading

Mobile stock trading provider Robinhood is now providing bitcoin and ethereum trading alongside the traditional assets it offers.

via CoinDesk

CryptoCurrency News: Security Firm Guardtime Unveils Crypto Asset Storage Product

Guardtime and Metaco launched yesterday, "SILO", a new cryptocurrency asset management solution for banks and financial institutions.

via CoinDesk

CryptoCurrency News: Why a $39 Million ICO Chose Stellar Over Ethereum

Mobius Network has raised $39 million in its token sale, opting to use the Stellar network instead of the more popular ethereum.

via CoinDesk

CryptoCurrency News: Bitcoin Dev Jimmy Song Is Now at Blockchain Capital

Blockchain Capital has announced that Jimmy Song, a bitcoin core developer, has joined the blockchain firm as a venture partner.

via CoinDesk

CryptoCurrency News: Bitcoin Bull Reversal Sighted, But Momentum Proves Weak

Bitcoin bulls seem to have gained an upper hand, but the cryptocurrency is still struggling to find follow-through buying today. On Wednesday, CoinDesk's Bitcoin Price index (BPI) closed (as per UTC) 5.15 percent higher at $11,399. The positive close above $11,000 adds credence to the solid defense of the $10,000 mark seen earlier this week. […]

via CoinDesk

CryptoCurrency News: Former Ripple Exec Invests $57.5 Million in Digital Money Platform Uphold

Digital money platform Uphold has received a $57.5 million investment from former Federal Reserve analyst and Ripple chief risk officer Greg Kidd.

via CoinDesk

[FOREX NEWS] Draghi ECB Live Blog January 2018

The European Central Bank is probably unhappy by the strong euro. Will Draghi try to talk it down? Does he have a chance at all? And when will they taper the bond-buying program? These are two key questions for the ECB and Draghi’s press conference. Join Valeria Bednarik and I in a live blog of the [...]

The post Draghi ECB Live Blog January 2018 appeared first on Forex Crunch.

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CryptoCurrency News: SEC, CFTC Chiefs Eye Closer Scrutiny of US Cryptocurrency Industry

Two U.S. financial regulators are increasing their commitment to bringing closer scrutiny to the cryptocurrency industry, according to their chiefs.

via CoinDesk

CryptoCurrency News: Arsenal Football Club to Promote iGaming Firm ICO

iGaming platform provider CashBet has partnered with Arsenal Football Club in a deal that will promote the firm's new crypto token.

via CoinDesk

[FOREX NEWS] Forex is becoming great again; Cryptos calmed by governments

Suddenly everything is talking about currencies. The US Treasury Secretary Steven Mnuchin kicked off the discussions by departing from traditional US policy and saying that a weak dollar is good for the US. His words sent the already falling dollar lower. He tried to smooth his wording but also said that President Trump shares his [...]

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CryptoCurrency News: Investors File Class Action Against BitConnect Following Abrupt Closure

A class action suit has been filed against exchange and lending platform BitConnect, which recently closed following U.S. cease-and-desist orders.

via CoinDesk

CryptoCurrency News: Ex-CFTC Commissioner Joins Crypto Exchange as Regulatory Adviser

Bart Chilton, the former CFTC commissioner, is now taking his regulatory expertise to decentralized cryptocurrency exchange Omega One.

via CoinDesk

[FOREX NEWS] German IFO Business Climate beats with 117.6 – EUR/USD at 1.24

Generally stronger numbers from the IFO survey: the headline business climate reached 117.6 and the Current Assessment advanced to 127.7, both better than expected. However, the business expectations slipped to 108.4, slightly below predictions. EUR/USD is now stabilizing around 1.24, halting its previous slide.Here is how it looks on the 30-minute chart: Germany’s No. 1 [...]

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[FOREX NEWS] USD recovers amid two attempts to talk it up – only a dead cat bounce

US Treasury Secretary Steven Mnuchin said that “a weak dollar is good for the US“. The greenback was already on the back foot and his words sparked a bigger drop in the currency. The USD sell-off is now experiencing a pause. A natural correction after a big move certainly makes sense, but there are also [...]

The post USD recovers amid two attempts to talk it up – only a dead cat bounce appeared first on Forex Crunch.

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[FOREX NEWS] GBP/USD finally taking a breather at key resistance – levels

The downfall of the dollar thanks to the “Steven Slide” is felt across the board. All the other currencies are gaining against the US dollar but there are differences between them. GBP/USD has been one of the biggest gainers, seeming to compensate for a long period of being depressed. Brexit is still very real, but [...]

The post GBP/USD finally taking a breather at key resistance – levels appeared first on Forex Crunch.

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[FOREX TIP] XAUUSD Price Action Analysis – 25th Jan 2018

XAUUSD has been having a strong Buy trend on the H4 chart. Today’s price action has been bullish so far. The current H4 candle seems very strong to make a breakout at a very significant level of Resistance. If that happens and we get an H1 Engulfing Bullish candle afterwards, then buying the pair would get us some green pips later today. Let us have a look at the H1 XAUUSD chart….

XAUUSD Price Action Analysis – 25th Jan 2018

Have a look at the price action on this chart. The price made an H1 breakout at 1361.60. We are waiting for the current H4 candle to be finished, and then it would be an H4 breakout. After that, if the price comes back at the breakout level and produces an H1 Engulfing Bullish Candle, then the XAUUSD price should reach the level of 1375.90 without having that many pauses. Let us have a look at the summary of the trade…

• Buy Limit Order: 1361.60
• Stop loss: 1355.45
• Take Profit: 1375.90
• Validity: 72 hours
• Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

XAUUSD is a metal, which is very consistent in the financial market. Usually, news events do not make a huge impact on XAUUSD unless it is an extremely high impact news event. However, the XAUUSD market can get very volatile from time to time for huge political factor. These are not always scheduled. In one way, it is good, but in another way, it could be a bummer. We know what to do to be safe from such factors. We just have to have a strong money management.

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