Day: January 11, 2020

Ethereum Defies Gravity and Likely To Surge Past $150

TradingBTC

Ethereum defied gravity and trading with a bullish bias above $135 against the US Dollar, similar to bitcoin. ETH price is likely to continue higher above the $150 level. ETH price remains well supported above the $135 and $138 levels against the US Dollar. The price is showing positive signs and likely to surge above the $150 level in the near term. There is a key bullish trend line forming with support near $140 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is also showing a lot…

Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US

TradingBTC

Earlier this week, the world’s flagship crypto asset saw its value surge from around the $8,000 mark to just over $8,430 within an hour’s time. This latest price action came after the Iranian government decided to launch a missile attack on an Iraqi military base housing American troops. However, it bears mentioning that Iran’s actions were prompted by United States President Donald Trump’s decision to eliminate Iranian general Qassem Soleimani — a controversial figure in the West but loved by the masses in his home country. The overall value of…

Crypto News From Japan: Jan. 6-10 in Review

TradingBTC

This week’s news from Japan included declining trading volume, statements from prominent figures on China’s pending digital currency, a Lisk staking announcement and a blockchain-based letter of credit. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese Prime Minister Aso warns against digital Yuan Japan’s Deputy Prime Minister and Financial Minister Taro Aso urged people to be wary of the digital yuan, also known as the digital Renminbi RMB, noting the digital currency’s usage in international payments. He stated the situation as “a…

Hardware Is Hard: Two Blockchain Devices Win Plaudits at CES 2020

TradingBTC

LAS VEGAS – In tech there’s an old adage: “hardware as hard.” It’s much easier to prototype and test a product when a mistake can be fixed by deleting and rewriting a few lines of code. At the Consumer Electronics Show (CES) in Las Vegas this week, though, two crypto companies are leading with atoms rather than bits, and it seems to be working.  Their products won “CES Innovation Awards” and coveted spots at the gadget showcase, where hordes of people pour through the Sands Expo Center. We first encountered…

Traders Unsurprised by Deribit’s Move to Panama, Expect Further Exits

TradingBTC

Crypto traders see potential for other market platforms to exit after crypto derivatives exchange Deribit announced a move to Panama from its EU base in the Netherlands. “This is something they had hinted at in an interview months ago, and it’s something I fully expect we see more of going forward in the crypto space,” trader, Twitter personality and co-host of the Crypto Street Podcast Prince told Cointelegraph in a message. Exiting EU Deribit broke the news on Jan. 9, explaining its platform will move to Panama from the Netherlands,…

Nets Player On Pace for Jan. 13 Tokenized Bond Launch

TradingBTC

Spencer Dinwiddie of the NBA’s Brooklyn Nets will launch his tokenized security offering on Jan. 13, in collaboration with digital securities company Securitize, after reportedly settling terms with the NBA. “The Spencer Dinwiddie bond launches January 13th,” Dinwiddie said in a Jan. 10 tweet, adding, “I’ll also be taking 8 fans to ASW with me.” Securitize also showed its support of Dinwiddie, with a Jan. 10 tweet from its CEO. Carlos Domingo tweeted: “At @securitize we are extremely excited and proud to be the digital transfer agent and technology partner…

Bitfinex Premium Goes Negative; Last Time it Did, Bitcoin Fell 30% in 3 Months

TradingBTC

The premium of bitcoin on Bitfinex has dissolved in recent months. It is trading at a similar price range as spot exchanges and the last time it did, which was in August 2019, a brutal correction followed. There are many factors at play when bitcoin often enters a short-term bear market. Hence, it is premature to claim that the drop of premium rates on Bitfinex can solely contribute to a big pullback. But, it is an indicator investors can observe in the coming weeks as it may show a glimpse…

Bitcoin Price Is on the Verge of Breaking 7-Month Downtrend

TradingBTC

The price of Bitcoin (BTC) broke out of a 2-month range and rallied to $8,400 during this week. However, the price couldn’t break out of the downtrend and is stuck in a new range. Is the price of Bitcoin already in a bull market, or is the price expecting continuation downwards? Crypto market daily performance. Source: Coin360 Bitcoin price is hovering below resistance and trendline The chart of Bitcoin is showing an apparent breakthrough in the $7,600 level. After this upwards breakout, the price started to rally towards the next…

Japan Crypto Exchanges Face Imminent Margin Trading Limits: Report

TradingBTC

Bitcoin (BTC) and cryptocurrency exchanges in Japan will face significant restrictions on margin trading as soon as this Spring, according to reports. Referencing sources at Japan’s finance regulator, the Financial Services Agency (FSA), local English-language news outlet Japan Times revealed plans to limit margin leverage to twice the total of traders’ deposits. FSA seeks to counter crypto volatility The move follows on from a limit of four times traders’ deposits which the domestic exchange industry imposed on itself through a self-regulatory body last year. The reason, according to the FSA…

Bitcoin Can Gain 100% in 2020 — Halving Not Priced In, Says Fundstrat

TradingBTC

Bitcoin (BTC) can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims.  In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price. Fundstrat expects over 100% BTC gains The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10. “For 2020, we see several positive convergences that…

  1. Pages:
  2. 1
  3. 2