CryptoCurrency News: Ripple: XRP Payment Pilots Cut Fees by 40-70 Percent

Ripple's xRapid pilot program results found that customers saved both money and time when compared to traditional cross-border transactions.

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CryptoCurrency News: Walmart Patent Envisions Blockchain-Powered Delivery Fleets

A patent application submitted by Walmart proposes to use autonomous vehicles with a blockchain-based authentication system for package delivery.

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[FOREX NEWS] Bank of England: There will be fewer rate hikes than previously thought – Danske Bank

According to analysts from Danske Bank, after today’s decision and reports, a rate hike from the Bank of England remains “alive” but the timing is data dependent. Key Quotes: “The Bank of England decided not to hike the Bank Rate at this meeting (vote count unchanged 7-2, a bit dovish as some had thought it [...]

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[FOREX NEWS] Gold consolidates gains, remains around $1,320/oz

Yellow metal supported by US dollar correction. Gold heads for highest daily close since late April. Gold is consolidating gains but so far it was unable to make a sustainable run above $1,320/oz. The yellow metal extended gains earlier today following US CPI data. The weaker than expected inflation reading pushed the US dollar to [...]

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[FOREX NEWS] Stormy times ahead or just a moderation? – MM #179

We start by examining the Fed decision, slide into the US economy and its recent hiccups and this brings us to the bigger issues across the Atlantic.  You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Fed: Powell and co. made subtle changes to the statement. Does the word symmetric mean that much? [...]

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[FOREX NEWS] NZD/USD: bulls looking for a break of 200-W SMA, bearish below it

NZD/USD: bird catches a CPI miss bid and extends the minor recovery from the new trend lows. NZD/USD: bearish below the 200-month SMA at 0.6980. NZD/USD bulls struggle to gain traction within this minor correction from a touch above 0.69 the figure despite a downturn in the dollar after today’s CPI disappointments and what might [...]

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[FOREX NEWS] US: CPI rebounds, core eases but trend remains higher – Wells Fargo

CPI came in a little softer than expected in April (up 0.2 percent) amid a more tempered gain in the core index, explained analysts at Wells Fargo. They see the softer core print likely reflecting some exaggerated strength in Q1. Key Quotes: “Energy prices reversed course in April, rising 1.4 percent after a pullback in [...]

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[FOREX NEWS] United States Monthly Budget Statement above expectations ($193.75B) in April: Actual ($214B)

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[FOREX NEWS] Yen: softening geopolitical concerns are supporting risk appetite – Scotiabank

In respect of the yen, analysts at Scotiabank explained that sentiment is dominating and softening geopolitical concerns are supporting risk appetite.  Key Quotes: “JPY’s risk profile leaves it vulnerable to near-term weakness, given its role as a safe haven currency.” “Risk reversals are showing a moderation in the premium for protection against near-term JPY strength [...]

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[FOREX NEWS] United States 30-Year Bond Auction: 3.13% vs 3.044%

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[FOREX NEWS] GBP/USD at risk of additional weakness – Scotiabank

Analysts at Scotiabank explained recent data events, BoE and call for a lower pound.    Key Quotes: The UK reported a wider trade deficit for Mar (-GBP12.3bn versus -11.3bn expected) while industrial production rose 0.1% (against calls for a 0.2% rise (manufacturing output fell 0.1% and construction was as weak as expected at -2.3%). “The BoE [...]

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[FOREX NEWS] USD/JPY: a cheap buy in at key 109.30 support, CPI not all that bad

USD/JPY: bears take control on the CPI miss and test the key support area on 109 handle. USD/JPY: the key territories on the 10 handle remain compelling on Fed prospects in 2018. USD/JPY has plummeted back to test the key break out area of 109.30/40, a prior Tenkan line that held the bulls off on a [...]

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CryptoCurrency News: Bitcoin Developers Build Prototype for 'Dandelion' Privacy Tool

Developers have proposed testing the Dandelion privacy mechanism on large number of active nodes.

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CryptoCurrency News: Rapper Mims to Promote 'Tune' Token for Artists

Award-winning rapper Mims is to talk about his new artist-focused blockchain project, and perform, at a crypto event this month.

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CryptoCurrency News: Crypto Is the 'People's Revolution,' Says Investor Mike Novogratz

Michael Novogratz of Galaxy Digital doesn't think institutional custody of crypto assets can happen soon enough.

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CryptoCurrency News: $363 Million: Robinhood Raises Big to Build 'Largest Crypto Platform'

Stock trading app Robinhood has announced a $363 million Series D funding round and plans to expand its crypto trading service across the U.S.

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CryptoCurrency News: This Blockchain Tosses Blocks: Naval, MetaStable Back Twist on Crypto 'Cash'

A new blockchain startup is coming out of stealth Wednesday and boasting a significant cast of investors.

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[FOREX NEWS] EUR/USD: The light at the end of the tunnel was a truck coming to run the pair down

The EUR/USD is trading higher and getting away from the 2018 lows.  The US Dollar is taking a breather and the Euro has no new disappointing figures. The technical picture still shows oversold conditions but other factors are improving. The EUR/USD is trading around $1.1880, up on the day and further away from the new [...]

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[FOREX NEWS] Carney crash: Dovish decision devastates the pound

The BOE left interest rates unchanged and provided some dovish comments.  Governor Carney sounded a bit more optimistic and stabilized Sterling but the cautious approach weighs.  The Bank of England’s Super Thursday lived up to the promise. The GBP/USD rose to $1.3617 ahead of the publication on high expectations and some US Dollar weakness. And [...]

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CryptoCurrency News: Blockstack Fund to Give Crypto Social Networks $1 Million Boost

Decentralized web developer Blockstack has set aside $1 million in grants to fund distributed social networking projects.

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CryptoCurrency News: 'Ebay for CryptoKitties' Raises $2 Million from All-Star VCs

The number of crypto collectables, like CryptoKitties, is growing and investors think a marketplace for their trade is a good bet.

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CryptoCurrency News: KODAKCoin Fundraising to Begin Later This Month

Imaging giant Kodak is now looking at May 21 for the SAFT offering of its KODAKCoin for accredited investors.

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CryptoCurrency News: Australian Government Looks to Blockchain for Trade Modernization

Australia's Department of Home Affairs is touting blockchain technology in a push to modernize the country's international trade supply chains.

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[FOREX NEWS] BOE Super Thursday + US CPI double feature live coverage

The Bank of England is expected to leave its interest rate unchanged at 0.50% after a long list of bad economic data convinced Carney and co. to wait. But what will they do next? The Bank of England releases its decision, the accompanying meeting minutes and perhaps most importantly, the Quarterly Inflation Report, making it [...]

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CryptoCurrency News: Drop to $9K Still in Play Despite Brief Bitcoin Rally

Despite a brief rally yesterday, bitcoin risks falling back below $9,000 amid bearish short-term moving averages.

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CryptoCurrency News: Venture Capitalist 'Disciple' of Buffett Condemns His Views On Bitcoin

Venture capitalist Chamath Palihapitiya says billionaire Warren Buffett is wrong about bitcoin, though he calls himself Buffett's "disciple."

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CryptoCurrency News: Investment Advisor Morgan Creek Tokenizes Tech Firm's Paper Shares

Morgan Creek Blockchain has helped a tech company turn its paper shares into security tokens as part of a push to raise $40 million.

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[FOREX TIP] EURUSD Price Action Analysis – 10th May 2018

EURUSD has been having a strong Sell trend on the Daily chart. The price has kept making lower lows. Yesterday, the pair did not move towards the South that much, but still the Daily candle came out as a Bearish candle. Today’s first two H4 candles came out as corrective candles. The current candle seems to be candle, which again has been trying to make a Bearish sentiment on the pair. If it comes out as a Bearish Engulfing Candle, and we get an H1 breakout at yesterday’s lower low, then selling the pair would get us some green pips. Let us have a look at the H4 EURUSD chart.

EURUSD Price Action Analysis – 10th May 2018

The level of 1.18750 has been working as a level of Resistance here. If this level is held by the current H4 candle and it makes the current candle as a Bearish Engulfing Candle, then the sellers would wait for an H1 candle to make a solid breakout at the level of 1.18215. If the breakout happens, then the price would reach 1.17350 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.18215
• Stop Loss:  1.18750
• Take Profit: 1.17350
• 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

The USD has a High impact news event at GMT 13.30. I assume the signal would come much earlier than the news hour. Thus, we would be safe from the spike if there is any created for the news event. Let us wait and see how it goes.

 

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[FOREX NEWS] Super strong lines await GBP/USD on Super Thursday

The GBP/USD is waiting anxiously for the all-important Super Thursday decision by the Bank of England. Will they send Sterling higher or lower? The Technical Confluences Indicator shows that dense clusters of support and resistance await the pair. On the topside, $1.3681 is the convergence of the Fibonacci 161.8% one-day, the Fibonacci 61.8% one-week and the Simple Moving [...]

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