Crypto enthusiasts woke up to a surprise this Monday morning. It seems that, after a Western media ban, crypto ads on Google are back. Or at least, the search engine is back to promoting ads of Coinbase. Crypto Ads on Google: Once Banned, But No More At the start of this year, the crypto industry came to a standstill when websites like Facebook, Google, and Twitter placed a ban on their adverts. Leading the pack was Facebook, which banned crypto ads back in January. Google followed less than three months…
Tag: Crypto
Crypto Trading 101: Stochastic Oscillators and Price Momentum
You may have heard of a lagging or leading indicator before. Maybe your friends have tossed around terms like bullish or bearish divergences, oversold or overbought conditions and what signals you should use to enter or exit the market. While there are many tools that can assist with this, one often overlooked indicator is called the stochastic oscillator. Nothing unique to the world of blockchain, the stochastic is a momentum indicator that compares the closing price of the asset with its high-low range over a certain period of time, it’s…
China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the U.S. then used that money to buy a 100,000-square-foot mansion in Los Gatos, a 90-minute drive from San Francisco, California. His Rolls-Royce, also purchased with the fruits of bitcoin arbitrage, sits in the driveway close…
Crypto Trading 101: Bull and Bear Flags (And What They Mean for Price)
When it comes to making big money in trading, the trend is your friend. But spotting the trend when it is in the nascent stage is challenging, and running along with it right up to the top is an even bigger challenge. That’s because asset prices rarely see a 90-degree rally or collapse. More often than not, trends (bullish/bearish) will pause briefly to allow traders or investors who missed the initial move (higher or lower) to join the bandwagon. If the participation increases, the asset price extends the bull or bear…
Huobi Launches Service to Build Crypto Exchanges in the Cloud
Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according to the official press release, though it did not provide specifics on what it will offer these partners. The company goes on further to explain: “Over the past five years, Huobi has accumulated rich and…
Fed Chairman on Crypto | Crypto Presents Investor Risk
Yesterday, bulls charged the crypto market, which caused Bitcoin to add $9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way. Today, we’ve seen a few bears emerge from the forest. Specifically, the head of the Federal Reserve spoke on cryptocurrencies today, providing comments that indicate he is bearish on virtual currencies. Fed Chairman on Crypto: A Risky Investment On Wednesday, Jerome Powell, the head of the Federal Reserve, which is the US’s central banking system, spoke with members…
Crypto Bull Run | New Blockchain Patents Push Market Upwards
The cryptocurrency market is booming this morning after a slew of crypto-positive announcements have hit the media. Is a crypto bull run upon us? Bitcoin (BTC) is eyeing the $7,500 mark, and Ethereum is just under $500. Stellar (XLM) and Cardano (ADA) are leading the market today as both coins are seeing over 20% price gains. Mastercard, Bank of America, and Wells Fargo all announced this morning that they are pursuing new blockchain-related patents. This very well could be the reason why investors are buying into crypto this morning. Wells…
UK Blockchain Takes Off | Will the UK Become a Global Crypto Leader?
UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies. According to the group analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics, Great Britain has all the required resources to become a global hub for blockchain technology by the year 2022. CEO of DAG Global, Sean Kiernan, told The Guardian: “The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is…
Crypto Daily News | Block.one Funding, IBM Blockchain, & Boeing Planes
In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology. Crypto Daily News: June 17th, 2018 Block.one Gets Funding EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday. Block.one’s CEO, Brendan Blumer, made a statement about the…
IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds
The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed one-for-one with U.S. dollars held at a Nevada-charted trust company called Prime Trust, which in turn will deposit the cash at banks insured by the Federal Deposit Insurance Corp. New York City-based Signature Bank was…