CryptoCurrency News: Startup Raises $20 Million to Build 'YouTube on the Blockchain'

Silicon Valley startup Lino has raised $20 million to take on YouTube with a decentralized, blockchain-based platform.

via CoinDesk

CryptoCurrency News: What to Expect When CFTC, SEC Chiefs Talk Crypto With Congress

Congress will hold what may be the most consequential hearing in years on cryptocurrency Tuesday, with the heads of the SEC and CFTC in the hot seat.

via CoinDesk

CryptoCurrency News: South Korea: North Korea Stole Millions From Crypto Exchanges Last Year

The South Korean National Intelligence Service claimed North Korea stole "billions of won" in cryptocurrencies last year.

via CoinDesk

CryptoCurrency News: Bitcoin's Price Dips Below $7K As Crypto Selloff Continues

Bitcoin prices dropped below $7,00 for the first time since mid-November on Monday.

via CoinDesk

CryptoCurrency News: The 'Dean of Blockchain Lawyers' Just Got a New Job

Marco Santori is leaving Cooley to become president and chief legal officer of Blockchain, a longtime client and one of the earliest wallet startups.

via CoinDesk

CryptoCurrency News: US Commodities Regulator Warns on Crypto Retirement Scams

Consumers should be wary of cryptocurrency retirement accounts claiming to be approved by the Internal Revenue Service, according to the CFTC.

via CoinDesk

[FOREX TIP] USDCAD Price Action Analysis – 5th Feb 2018

USDCAD took a huge Bullish move on the H4 chart. The last Friday’s Daily Candle has been an Engulfing candle. This might push the price to go towards the North. Today’s first H4 candle came out as a Bearish Candle, but the next one came out as a Doji bar. There is a strong possibility that the pair might produce an H4 Bullish Engulfing candle and make its way to make new higher highs. Let us have a look at the H4 USDCAD chart.

USDCAD Price Action Analysis – 5th Feb 2018

See those consecutive H4 Bullish candles. Then, an H4 Bearish candle and the Doji candle were produced. Both of them obeyed the Support level of 1.24070. If this level continues to be the Support level and makes an H4 Breakout at the level of 1.24490, then we might get an opportunity to take a long entry on the pair later today. Let us have a look at the summary of the trade.

• Buy Stop Order: 1.24490
• Stop Loss: 1.24070
• Take Profit: 1.25100
• 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

Since the last trading day’s candle was a huge Bullish candle, thus there is a good possibility that we might get a breakout towards the upside today. However, since it is Monday, there might not be enough liquidity. If the pair does not get enough liquidity, then it might produce an Inside bar on the Daily chart. This means Buyers would be even more interested to buy the pairs tomorrow if today’s candle comes out as an Inside bar. So keep your eyes to go long on the pair even tomorrow.

The post USDCAD Price Action Analysis – 5th Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] AUDUSD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

 

AUDUSD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

The Aussie broke above the big psychological number 0.8000 and even posted a very strong close above it. The current bullish trend has run very fast without AUDUSD being able to post a meaningless correction. Next week we can see the AUDUSD try and retest the round number 0.8000. Only a daily break and close below it can suggest a bigger correction is in play.

On the upside last week high should only act as a minor resistance as we could see a break above it before the sellers to really show up. The Stochastic indicator is already in overbought territory, which suggests the upside should be limited for this time. The Australian economic calendar will bring some heavy risk events that can be the catalyst for some volatility. On Wednesday we have the CPI inflation figures which based on the market consensus we should expect a flat reading. On Thursday the Trade Balance figures are scheduled to be released and traders need to pay attention.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

The post AUDUSD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

[FOREX TIP] USDCAD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

USDCAD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

The USDCAD has another attempt to break lower and it finished the week near the lows suggesting that this move has some more room to the downside. We can’t exclude the fact that USDCAD can also try to fill in the last week price range but in order for that to happen we need any break below last week low 1.2280 to quickly fade away.

On the upside the first resistance level comes at 1.2350. A break and a daily close above 1.2350 will open the door for a much deeper correction and a possible attempt to retest the big psychological number 1.2500. The stochastic indicator is already in oversold conditions so early in the week we can expect an attempt to rally. There is no major risk events scheduled on the Canadian economic calendar. However, on Friday we have the US Non Farm Payroll figure that is the main risk event of the week. The US economy is expected to only add 175k new jobs versus 148k previous reading.

Previous USDCAD Weekly Forex Forecast

USDCAD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018

The post USDCAD Weekly Forex Forecast – 29th Jan to 2nd Feb 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Italian Crypto Businesses to Register Under Proposed New Rules

Italy has published a proposed set of cryptocurrency regulations that are designed to enforce EU anti-money laundering rules.

via CoinDesk

CryptoCurrency News: Texas Hits Another Crypto Lending Platform with Cease-and-Desist

Texas' securities agency has issued another emergency cease-and-desist order, this time against crypto lending scheme DavorCoin.

via CoinDesk

CryptoCurrency News: Blockstream Devs Depart for New World Computer Project

Sounds like ethereum? A new idea being explored by two Blockstream veterans could stand to make a distributed blockchain web more accessible.

via CoinDesk

CryptoCurrency News: 7 Tough Legal Lessons for Crypto Entrepreneurs

Just because you haven’t gotten a subpoena from The Man in the month since your decentralized cheese token went live, it doesn’t mean you won’t.

via CoinDesk

CryptoCurrency News: The Crypto Market Is Down Over 50% from All-Time Highs

Major cryptocurrency prices are down on the day, as the total value of the market itself also passed a notable negative milestone.

via CoinDesk

CryptoCurrency News: Report: China Cutting Access to Overseas Crypto Trading

Chinese regulators are stepping up a crackdown that began last year on websites for cryptocurrency trading and investing, according to local reports.

via CoinDesk

CryptoCurrency News: Singapore Airlines to Launch Blockchain-Based Loyalty Wallet

Singapore's largest airline operator is turning to blockchain technology to boost spending of its loyalty program air miles.

via CoinDesk

CryptoCurrency News: Lloyds Banking Group Blocks Bitcoin Purchases Using Credit Cards

The Lloyds ban applies to the group's 89 million credit card holders, including across subsidiaries such as Halifax, MBNA and Bank of Scotland.

via CoinDesk

CryptoCurrency News: UAE Financial Watchdog Warns Investors Over ICO Risks

A financial regulator in the UAE has issued a warning to investors on the risks of participating in token sale activities.

via CoinDesk

CryptoCurrency News: Enterprise Blockchain May Finally Be Ready for Its Breakout

This detailed analysis of enterprise blockchain reveals a number of reason why enterprise blockchain may be on the verge of its mainstream moment.

via CoinDesk

CryptoCurrency News: Bitcoin Drops Below $8K as Crypto Market Recovery Falters

As cryptocurrencies across the board once again take a hit, bitcoin is exploring the downside below $8,000.

via CoinDesk

CryptoCurrency News: New York Lawmaker Proposes Study of State-Backed Cryptocurrency

A New York lawmaker has proposed researching the creation of a state-backed cryptocurrency.

via CoinDesk