Bitcoin Price Technical Analysis for 04/20/2016 – Upside Breakout, Where to Next?The 100 SMA is still above the longer-term 200 SMA, confirming that the path of least resistance is to the upside. The rising wedge pattern spans $400-420 so the resulting rally could last by $20 until $455-460, which is also around an area of interest and former support. The top of the rising channel on the 4-hour chart is located around $470 so bitcoin price might need a lot of bullish pressure before reaching that level. For now, stochastic is almost in the overbought region, which suggests that buyers might need to take a break soon. read more
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As I expected in the Manchester City game both teams would score:
Newcastle 1 - 1 Man City
at the time I'm posting the game is still on, but its ending anytime soon now!
My bet went for both teams to score. I'm happy cause it gave me a good reward.
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Bitcoin Price Watch; Live Trade!As the chart shows, a break of in term resistance earlier on this afternoon put us in a long position towards our predefined upside target, and as things stand, we remain in this trade. Normally this would stop us entering a secondary trade, but since the primary is only a scalp, we can look at getting in on a slighter longer term position this evening... read more
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Darknet Market Nucleus Goes Offline with 5,000 BitcoinA notorious darknet marketplace has reportedly disappeared with customers’ deposits worth 5,000 Bitcoin. Nucleus, as the underground market is titled, had been in business since 2014, and was a popular choice for buying everything illegal — from drugs to stolen confidential data — on internet. After a successful run, the Onion website went offline last week following a reported rift between the moderators and one of the merchants named theDmaster. According to the conversations available on Nucleus Reddit, the aforementioned merchant reportedly hacked Nucleus after getting banned from selling on the website. Apparently, the same person also created some phishing versions of the darknet to scam users... read more
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First Global Credit – Use Bitcoin as Collateral to Trade Stocks and ETFsFirst Global Credit is the world’s first Finance Company offering profit opportunities in mainstream markets for digital currency holders. The Company aims to become a market leader in the Bitcoin Capital Market by providing services that accept bitcoin as a valuable asset which can generate high returns. First Global Credit, is the first company to make it possible to use bitcoins as margin to trade stocks. Now First Global Credit is also adding Commodity Futures to the growing list of assets that can be traded on the website... read more
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Barclays Introduces Corda Based Smart Contracts at Demo DayBlockchain technology has a lot to offer to the fintech industry. Many fintech companies have been exploring the use of bitcoin’s underlying technology in mainstream banking and financial operations. Some of the leading International banking and financial institutions have already joined the R3 banking consortium to advance their aspirations. As the number of companies in the list grows, some of them are also independently working on finding other fintech solutions as well. Barclays is one such company that has its hands in all the right places to accelerate the development of new solutions in the fintech arena. With its interest in the latest happenings in the industry, Barclays in going to make use of the latest bunch of startups that are part of the accelerator program to explore new opportunities... read more
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Bitcoin Price Watch; Narrow Scalps for TodayOvernight action in the bitcoin price was pretty weak, as relatively low volume weighed on volatility. In response, and in an attempt to draw a profit from any volatility we get out of today’s session, we’re going to look at a tighter range, narrow things up a bit, and go for the scalp strategy. Scalping has worked well for us across the last quarter, and with action as it is at present (especially during the week) it looks like a good approach moving forward... read more
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New conference speaker: Bharath Rao, founder of Coinpit Inc.eam of speakers at Blockchain & Bitcoin Conference Prague welcomes Bharath Rao – the founder and director of trading platform Coinpit Inc. Topic of his presentation is titled “Application of cryptotechnology and Bitcoin”. When Bharath Rao established Coinpit Inc., he was using ten years of experience of trading on Wall Street, and the knowledge obtained at the executive positions. He will tell about the benefits of blockchain technologies providing: – authorization without the login and registration. Browser automatically creates the closed key for identification on the server; – safety of transactions. Each operation is assigned with user’s secret key; – confidentiality. User doesn’t have to indicate the name, e-mail or other data allowing to ID him... read more
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Bitcoin Price Watch; Breakout and Intrarange on MondayIt’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. read more
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BitPay Issues Coinbitclip Trojan Warning over Suspicious Bitcoin TransactionsWhen dealing with Bitcoin transactions, most users tend to rely on the clipboard service of their device to fill in a recipient address. For computer users, Ctrl+c and Ctrl+V action is part of day-to-day usage, as there is nothing more convenient than copying and pasting text and information without much hassle. But this is where users are also most vulnerable these days, as a new Trojan Horse is making the rounds. Coinbitclip, as this virus is called, will attack a computer’s clipboard. For example, when Bitcoin users copy and paste a Bitcoin address, the Trojan Horse will change this copied address... read more
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Bitcoin Price Watch; The Afternoon Ahead…In this morning’s bitcoin price watch piece, we discussed the fact that we are finally able to bring our intrarange strategy in to play, and attempt to draw a profit from action confined within our range. We were working with a circa five dollar range, and coming off the back of a pretty volatile weekend, so the hope was that we’d be able to get in two fold – first, on a bounce from support with a target of resistance to the upside, and second, long on a break of in term resistance towards an upside target of 430 flat... read more
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India’s Leading Bitcoin Exchange Coinsecure Has Raised Over $1.2 Million in Ongoing Fund-raising CampaignBitcoin Press Release: Indian Bitcoin exchange and wallet Coinsecure has raised over $1.2 million in the first 4 months of their ongoing fund-raising round ‘Series A’. 18th April 2016, Delhi, IN – Coinsecure, the leading Indian Bitcoin trading platform, has announced a raise of $1.2 million as part of its ongoing ‘Series A’ investment round. The company opened the fund-raising round earlier in January this year and expects to close the round soon... read more
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Hana Financial is the Newest Addition to R3 Blockchain ConsortiumFinancial institutions across the world have started showing interest in the use of blockchain technology for banking and financial sector. One of the leading companies in the forefront of this new technology adoption is R3. The New York-based fintech startup working on blockchain based fintech solutions has created a group of over 40 international banking institutions to create a custom Ethereum-based cross-border blockchain solutions for them. This banking consortium now has found another member in Hana Financial Group... read more
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Trade Ethereum-Based DigixDAO On OpenLedger Come April 28It is impossible to deny the excitement surround DigixDAO these days, as their recent crowdsale shattered all expectations in the first 24 hours. The team has hoped to reach their crowdsale goal over the course of an entire month but were quite surprised to find out that target had been met in the first 24 hours. There is a certain appeal to investing in a tokenized version of gold, especially when it is linked to distributed ledger technology. The DigixDAO team uses the Ethereum blockchain for transparency and its smart contract capabilities, which will automatically execute conversions from crypto to gold and vice versa... read more
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Saudi Arabia Could Cause Staggering Blow To US EconomyEveryone in the world would like nothing more than ensuring the parties responsible for the 9/11 attacks are apprehended and brought to justice. Several people within the US Congress feel Saudi Arabia played some role in these attacks, and a new bill has been drafted to hold the kingdom responsible for whichever part they played in this horrible event. But at the same time, the Obama administration has urged Congress to block the bill from passing... read more
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Is Igot Going the Mt Gox Way? The landscape of the Bitcoin industry is changing rapidly. Bitcoin companies that made a name in the early days are either shut down or falling into pieces due to various factors. Mismanagement tops the list of factors responsible for the downfall. The first taste of things to come was delivered to the Bitcoin community in the form of Mt Gox, the biggest Bitcoin exchange of that time which declared bankruptcy after hackers allegedly stole bitcoins belonging to them. There are other versions of this story which ends with its founder and CEO, Mark Karpales misappropriating the assets for his own benefit. Well, it is still being investigated and until its proven and a sentence delivered, let us not dwell on it... read more |
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Explain it like I’m Five – Bitcoin Mining Difficulty LevelThe Bitcoin difficulty level recently increased by 7.09% recently. What is difficulty level and why is is important? Bitcoin is probably the first decentralized, distributed open source digital currency protocol to gain massive adoption. No sooner the concept of digital currency was introduced by Satoshi Nakamoto in his whitepaper, it garnered a lot of interest from computer scientists and cryptographers. Some of these people had already tried creating a digital currency system with limited success. But Bitcoin offered a solution to many problems that were faced by the researchers until then. These very solutions were the reason for Bitcoin to become one of the widely adopted digital currencies in the world till date... read more
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Bitcoin Price Weekly Analysis – BTC/USD Downsides Move Before HigherBitcoin price traded after trading lower towards the $410 level found support and started to move higher. There was a slow and steady downside move, and in the process of the upside move, there is a bullish trend line on the 4-hours chart (data feed from Bitstamp) of BTC/USD. The highlighted trend line and support area may play a major role for BTC/USD in the near term, and as long as the price is above it, there is a chance of more gains... read more
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Central Bank Monetary Policy Will Do More Harm Than GoodWhen people in the Bitcoin world hear the term central bank, they will think of scenarios such as bank bail-ins, helicopter money, and endless printing of new currency which further devalues the previous supply. These types of monetary policy have been engrained in our society over the past few decades, but more people seemingly disagree with this stance, including several international central bankers. Quantitative easing has been one of those monetary policy tools which have been causing a lot of friction lately. Industrial regions, such as the US and Europe, would be... read more
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French Blockchain Startup KeeeX Raises €100,000French Blockchain Startup KeeeX Raises €100,000 KeeeX, a French blockchain startup specializing in document storage and sharing, has raised €100,000 (US$112,000) from undisclosed private investors, the company announced earlier this week. The new funding brings Keeex’s total capital raised to €500,000. Other investors and shareholders in the company include SATT Sud-Est, BPI France and Région PACA. Laurent Henocque, founder and CEO of KeeeX, said that the capital will help his company move to the next level of development. read more
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