Bitcoin Suisse Acquires $3M Share of Trade Intelligence Firm CoinRouts

Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. The investment and a new director Bitcoin Suisse announced the news on Oct. 22, specifying that it acquired a $3 million share of CoinRoutes. Niklas Nikolajsen, the chairman of the Bitcoin Suisse Group, became a member of the board of directors of CoinRoutes’s United States and Swiss entities. Bitcoin Suisse had tested CoinRoutes’ Smart Order Routing and patent-pending Consolidated Best Bid & Offer offerings for a…

Facebook’s Libra May Cause Banks to Cut Financing to the Company

Ever since the potential launch of Facebook’s Libra was announced by the social media behemoth, the company’s cryptocurrency project has lurched from one problem to the next. Regulators from different parts of the world had voiced their concerns about the Libra cryptocurrency, and even the President of the United States slammed Facebook in one of his famous tweets. New Trouble? In a new development, it has now emerged that if Facebook (NASDAQ:FB) does not take care of the regulatory issues with regards to Libra, then banks might refuse to provide…

Bitcoin Holds Gains against Trade Deal Hopes, Brexit Uncertainty

Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal. The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of bitcoin’s recent losses. Therefore, the cryptocurrency somewhat remained under the risks of further downside moves. At the same time, alternative cryptocurrencies, or altcoins, performed way better than bitcoin, indicating that traders are looking elsewhere as the number-one cryptocurrency shows…

FCA Will Make Final Decision on Banning Crypto Derivatives

The government of the United Kingdom has stressed that is up to regulators, not the executive, to decide whether to press ahead with a proposed ban on certain crypto derivatives for retail investors. Finance Feeds reports that on Oct. 21, the Economic Secretary to the Treasury John Glen responded to a series of questions about developments in the U.K.’s approach to crypto-assets, including the U.K. Financial Conduct Authority’s ongoing consideration of the ban.  Glen refrained from giving a determinate answer, underscoring that: “The final decision […] is a matter for…

Bitcoin May Rise toward $8,800, Short-Term Cross Indicates

View Bitcoin is looking north, with the hourly chart reporting a golden cross. Key resistance at $8,820 could be put to test over the next few days. On the downside. $7,800 is the level to beat for the bears. A widely tracked short-term bitcoin price indicator has turned bullish, strengthening the case for a test of key resistance above $8,800. The cryptocurrency’s 50-hour moving average (MA) has crossed above the 200-hour MA, confirming what is popularly known as “golden cross” – a bullish indicator. MA studies are based on backward-looking…

Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims

When bitcoin advocates claim adoption is surging in developing countries, particularly during periods of political unrest or economic turmoil, their go-to source for evidence is often LocalBitcoins. The peer-to-peer exchange, which matches buyers and sellers of the largest cryptocurrency in nearly 250 countries, publishes weekly volume data for each nation and region where it has users. This constant stream of fresh data makes LocalBitcoins a unique window into the global market. But a closer look at the way this data is collected shows substantial noise mixed in with the signals,…

Bitcoin (BTC) Price Eyeing Another Leg Higher To $8,500

Bitcoin price is showing positive signs and is holding the $8,100 support area against the US Dollar. The price is likely to surpass the $8,280 and $8,300 resistance levels to continue higher. There is a short term declining channel or bullish flag pattern forming with resistance near $8,255 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to gain strength if it settles above the $8,300 resistance zone. Bitcoin price is attempting another upward move above $8,300 against the US Dollar. It seems…

Crypto Market Cap And Bitcoin Climb Higher: BCH, BSV, BNB, ADA Analysis

The total crypto market cap is attempting to surpass a major resistance near the $216.0B level. Bitcoin price is correcting gains and is trading below the $8,200 level. BCH price is up more than 3% and is recently surpassed the $230 resistance. BSV price rallied more than 15% and it broke the key $110 resistance area. Binance Coin (BNB) is currently consolidating gains above the $18.00 support area. Cardano (ADA) price is up 3% and it surpassed the main $0.0400 resistance area. The crypto market cap and bitcoin could climb…