CryptoCurrency News: Square Sees Bitcoin Sales Profits Double in Q2

Mobile payment firm Square said it has made $37 million in revenue in the second quarter that was generated by its offering of bitcoin purchases. 

via CoinDesk

CryptoCurrency News: Before the 'Bomb' Hits: Why the Race Is on to Alter Ethereum's Economics

At least six proposals have been recently put forth, all of which could change the economics of the ethereum blockchain if enacted.

via CoinDesk

CryptoCurrency News: Coinbase Adds British Pound for UK Crypto Users

Crypto exchange Coinbase will now support British pounds (GBP) for its UK customers, the firm announced Wednesday.

via CoinDesk

CryptoCurrency News: Zambia, Overstock's Medici Ink Deal on Blockchain Land Registry Pilot

American retail giant Overstock.com's blockchain subsidiary is partnering with the Zambian government to build a blockchain land title registry.

via CoinDesk

CryptoCurrency News: Nobel Laureate Oliver Hart to Advise Blockchain Startup

Blockchain economics startup Prysm Group has added Nobel Laureate Oliver Hart and former Microsoft chief economist Preston McAfee as senior advisors.

via CoinDesk

CryptoCurrency News: Telegram Tech Promised In ICO Vulnerable to Attack, Researchers Say

Telegram has put out its first app since its ICO, but that identity play has security researchers reeling.

via CoinDesk

CryptoCurrency News: Bitcoin's Price Snaps Longest Monthly Losing Streak Since 2016

Bitcoin's price rallied 21 percent over the course of July, snapping its first two-month losing streak since 2016.

via CoinDesk

CryptoCurrency News: SEC Chief Got Into 'Heated' Debate on Crypto

A newly released transcript from an SEC roundtable showcases the passionate discussion around crypto within the agency.

via CoinDesk

CryptoCurrency News: UK Member of Parliament Resigns as Blockchain Startup Advisor

A UK MP has resigned from the board of a cryptocurrency project after it was revealed that he was secretly getting paid for his services.

via CoinDesk

CryptoCurrency News: KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017's Total

Investment in the blockchain industry is booming in the U.S., according to a new report from "Big Four" auditing firm KPMG.

via CoinDesk

CryptoCurrency News: Northern Trust Is Helping Hedge Funds Invest in Cryptocurrencies

U.S.-based custody bank Northern Trust is helping traditional "mainstream" hedge funds expand into cryptocurrencies, says Forbes.

via CoinDesk

CryptoCurrency News: Crypto Data Site CoinMarketCap Launches 'More Robust' API

CoinMarketCap, one of the most popular crypto data tracking websites, announced a new pro-level and fee-based API on Wednesday.

via CoinDesk

CryptoCurrency News: DLT Platform Hedera Hashgraph Completes $100 Million Raise

Decentralized ledger startup Hedera Hashgraph has raised $100 million to build out its platform and launch its network, the firm said Wednesday.

via CoinDesk

CryptoCurrency News: Bitcoin's Price Eyes Consolidation After 11% Decline

Bitcoin's price could trade in a narrow range in the next 24 hours, courtesy of oversold conditions reported by short duration technical charts.

via CoinDesk

CryptoCurrency News: Radar Relay Raises $10 Million for Decentralized Token Exchange

Decentralized trading platform Radar Relay closed a $10 million Series A funding round led by Blockchain Capital, the startup announced Wednesday.

via CoinDesk

CryptoCurrency News: Wikipedia Has 'Zero Interest' in an ICO, Says Jimmy Wales

Wikipedia founder Jimmy Wales has said the not-for-profit online encyclopedia platform will "never" hold an ICO or issue its own cryptocurrency.

via CoinDesk

CryptoCurrency News: The SEC's Hester Peirce Isn't a Bitcoin Champion, Just a Regulatory Realist

Regulators like the SEC shouldn't be acting as gatekeepers to new technologies like bitcoin, according to Commissioner Hester Peirce.

via CoinDesk

[FOREX TIP] USDCAD Price Action Analysis – 1st August 2018

USDCAD has been Bearish on the H4 chart. The price has kept making lower lows. The pair had a Bearish day yesterday as well. The price has been having a correction at the moment. What most important thing is the price is right at the level of strong Resistance. If that level is held and produces a Bearish Engulfing H4 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 USDCAD chart.

USDCAD Price Action Analysis – 1st August 2018

Have a look at the corrective candles. The level of 1.30245 seems to be the level of Resistance here. If this level produces an H4 Bearish Engulfing Candle and we get an H1 breakout at the level of 1.29815 afterwards, then the price would head towards the level of 1.29100 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.29815
• Stop Loss: 1.30245
• Take Profit: 1.29100
• 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

This is the first day of August. This means we are in the last quarter of the year 2018. In the coming three months (December would be a quiet month); the Forex market will be very active with a good amount of liquidity. Let us be ready to be devoted to our trading station more. Yes, we must not forget the trading rules such as Money management, Discipline, Emotion control to finish the year with a good amount of profit.

USDCAD Price Action Analysis – 1st August 2018

The post USDCAD Price Action Analysis – 1st August 2018 appeared first on Advanced Forex Strategies.

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