CryptoCurrency News: Crypto Exchange Coincheck to Launch Japan’s First IEO

Major Japanese crypto exchange Coincheck aims to launch its first Initial Exchange Offering project for Hash Palette, a content distribution platform for Japanese comic and graphic novels, anime and music by next March.

via CoinDesk

CryptoCurrency News: Crypto and Fintech Investor Ribbit Capital Files to Raise $350M for ‘Blank Check’ IPO

JPMorgan is the sole bookrunner. Full story to come.

via CoinDesk

CryptoCurrency News: FTX Exchange’s $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play

The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.

via CoinDesk

CryptoCurrency News: Coinbase Taps Marcus Hughes as New Eurozone Chief

Hughes had taken over Coinbase's international legal operations earlier this month.

via CoinDesk

CryptoCurrency News: Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any

Brazil's crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.

via CoinDesk

CryptoCurrency News: BitGo Weighs Building a Sidechain for WBTC as Ethereum Fees Climb

Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain because of rising fees, according to CTO Ben Chan.

via CoinDesk

CryptoCurrency News: An Unintended Consequence of Low Interest Rates? The Big Get Bigger

As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation.

via CoinDesk

CryptoCurrency News: Wave of Bitcoin-Seeking Bomb Threats Sparks Probe By Austrian Police

Police say that "numerous" companies got $20,000 bitcoin ultimatums in the mass SPAM campaign.

via CoinDesk

CryptoCurrency News: Blockchain Bites: Bitcoin’s ‘Rich List,’ Ethereum’s Volatility, DeFi’s Shakeup

The number of addresses on Bitcoin’s “rich list" is reaching new highs while another firm is putting its cash reserves into bitcoin, not a bank account.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for Aug. 25, 2020

With bitcoin still under $12K and Aave pulling ahead of MakerDAO, CoinDesk's Markets Daily is back for your latest crypto news roundup!

via CoinDesk

CryptoCurrency News: North Korean Hacker Group Targeted Crypto Firm Using LinkedIn Ad: Cybersecurity Report

According to a report by F-secure, a Finland-based cybersecurity company, hackers from the infamous Lazarus group targeted a crypto firm in an attack last year.

via CoinDesk

CryptoCurrency News: Ethereum Tokens Worth $1B Vulnerable to ‘Fake Deposit Attack’

A software bug that deposits fake balances into cryptocurrency exchange wallets has been detected in 7,772 ERC-20 tokens worth over $1 billion.

via CoinDesk

CryptoCurrency News: Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments

With help from the Visa Fast Track program, LastBit will let users make any purchase with bitcoin, without needing the merchant to actively accept it.

via CoinDesk

CryptoCurrency News: Binance Exchange to List Paxos’ Gold-Backed Cryptocurrency

PAX Gold, a gold-backed digital asset created by Paxos Standard, will soon launch for trading on Binance.

via CoinDesk

CryptoCurrency News: First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads

The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.

via CoinDesk

CryptoCurrency News: ConsenSys Acquires JP Morgan’s Quorum Blockchain

Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is to be acquired by ConsenSys, the Brooklyn-based Ethereum venture studio.

via CoinDesk

CryptoCurrency News: BitGo Applies to Be Regulated Custodian in New York State

The crypto custody provider has filed paperwork with New York's financial regulator to offer its services in the state.

via CoinDesk

CryptoCurrency News: Blockchain Project Qtum Moves to Boost Network Participation With Offline Staking

The hybrid blockchain will soon undergo a fork enabling network participants to stake and earn rewards from tokens held in offline wallets.

via CoinDesk

CryptoCurrency News: Powell’s Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: Analysts

The Federal Reserve chief is expected to bolster expectations of inflation in a keynote Thursday. That may be bad for the dollar but good for bitcoin.

via CoinDesk

CryptoCurrency News: 3 Australian Businesses Tap Chainalysis to Monitor Risky Cryptocurrency Activity

Several Australian companies have turned to Chainalysis products in a bid to improve their regulatory compliance and reduce risks for users.

via CoinDesk

CryptoCurrency News: UK Watchdog Eyes Extension of Money Laundering Risk Reporting to Crypto Firms

The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime.

via CoinDesk

CryptoCurrency News: Australian Conman Extradited Over Alleged Fraud Involving $1.2M in Bitcoin

An Australian serial conman has been extradited to New South Wales to face fraud charges involving over $1 million in bitcoin.

via CoinDesk

CryptoCurrency News: Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited

DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.

via CoinDesk

[FOREX TIP] AUD/USD Daily Price Forecast – 25th August 2020

AUD/USD Daily Price Forecast – 25th August 2020

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

AUD/USD Daily Price Forecast – 25th August 2020

Trade Summary:

• Buy Stop: 0.71836
• Stop Loss: 0.71597
• Take Profit: 0.72042

If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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