#BitcoinCash
Hardfork did a nice job so far, keep in mind: Harder Pump = Harder Dump
OUTLOOK: Overbought
RSI highest since December, shows rally overdone
Pullback to $1,300-$1,250 cannot be ruled out
Dips could be short-lived as 5,10MAs are trending north
Key resistance: $1,480, $1,630
Hardfork did a nice job so far, keep in mind: Harder Pump = Harder Dump
OUTLOOK: Overbought
RSI highest since December, shows rally overdone
Pullback to $1,300-$1,250 cannot be ruled out
Dips could be short-lived as 5,10MAs are trending north
Key resistance: $1,480, $1,630
📰 Another Chinese City Is Backing a Big Blockchain Investment Fund
The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort.
Announced at a blockchain event in the city on Sunday, hosted by the China Electronic Commerce Association, the fund aims to invest 500 million yuan ($80 million) in blockchain startups in Shenzhen during its first phase.
The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort.
Announced at a blockchain event in the city on Sunday, hosted by the China Electronic Commerce Association, the fund aims to invest 500 million yuan ($80 million) in blockchain startups in Shenzhen during its first phase.
#BTCUSD
Doji and bearish follow-through, signals exhaustion, also marks failure at $9062 - 50% fib retracement
BTC likely to test 10-day MA support of $8,421 before rising to 200-day MA located at $9,784
Doji and bearish follow-through, signals exhaustion, also marks failure at $9062 - 50% fib retracement
BTC likely to test 10-day MA support of $8,421 before rising to 200-day MA located at $9,784
📰 Finland Has Identified Thousands of Bitcoin Traders Who Owe Taxes
Most Finns have not reported income to the country’s tax department from the sale of cryptocurrencies in previous years.
While only 500 people were identified in December, last week the Tax Administration Office revealed 3,300 people who owe taxes from bitcoin-related income
The aggregate capital gain of the 3,300 persons identified will be about 100 million euros, so the taxpayers’ share of the pot would be around 30 million euros.
Most Finns have not reported income to the country’s tax department from the sale of cryptocurrencies in previous years.
While only 500 people were identified in December, last week the Tax Administration Office revealed 3,300 people who owe taxes from bitcoin-related income
The aggregate capital gain of the 3,300 persons identified will be about 100 million euros, so the taxpayers’ share of the pot would be around 30 million euros.
#ETH
OUTLOOK: Cautiously bullish
crossed long-term falling trendline
Looks set to test 100-day MA located at $736
RSI shows overbought conditions, so we are unable to rule out minor pullback
Only a close below 10-day MA would abort bull view
OUTLOOK: Cautiously bullish
crossed long-term falling trendline
Looks set to test 100-day MA located at $736
RSI shows overbought conditions, so we are unable to rule out minor pullback
Only a close below 10-day MA would abort bull view
CryptoBullet
Buy QLC Zone: 0.00020-0.00018 (OR After breakout @ 0.00022) Target: 24-26-28-30 Stop loss: 0.00017
First target met. We got an average entry of 0.000185 (+30% profit) or after breakout @0.00022 (+10% profit). Move stop to entry for a risk-free trade.
#BTC
Outlook: Healthy pullback underway
Bearish engulfing, double top breakdown on RSI on 4H chart indicates BTC could see deeper pullback to $8.7K-$8.6K.
Long-term outlook remains bullish as long as BTC trades above falling trendline (seen in daily chart)
Outlook: Healthy pullback underway
Bearish engulfing, double top breakdown on RSI on 4H chart indicates BTC could see deeper pullback to $8.7K-$8.6K.
Long-term outlook remains bullish as long as BTC trades above falling trendline (seen in daily chart)
#BTC Only a daily close below the ascending (bull biased) 10-day moving average would abort the short-term bullish view.
The 10-day MA is seen at $8,663
The 10-day MA is seen at $8,663
📰 Nasdaq is open to becoming cryptocurrency exchange, CEO says.
Once the regulation is smoothed out and the space "matures", Nasdaq would consider becoming a digital currency exchange, the company's CEO says.
In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday.
Once the regulation is smoothed out and the space "matures", Nasdaq would consider becoming a digital currency exchange, the company's CEO says.
In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday.
CryptoBullet
#SC buy : 185 - 193 Sell midterm : 210-230 - 250 - 270 - 295 Sell longterm : 350 - 400 - 450 - 500 - 550 - 600 - 700 - 800 - 950
SC hit the second long-term target at 424
Profit: +130%
Congratulations to those who followed the signal!
Profit: +130%
Congratulations to those who followed the signal!
France Slashes Cryptocurrency Tax Rate from 45% to a Flat 19%
France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.
The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%.
The revision couldn’t come at a better time for cryptocurrency investors, with bitcoin trading comfortably above $9,000 and the other top 10 coins also in the green today.
France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.
The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%.
The revision couldn’t come at a better time for cryptocurrency investors, with bitcoin trading comfortably above $9,000 and the other top 10 coins also in the green today.
Court Orders Chilean Banks to Re-Open Crypto Exchange Accounts
Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a local cryptocurrency exchange, Buda, after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before.
Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a local cryptocurrency exchange, Buda, after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before.
CryptoBullet
Buy QLC Zone: 0.00020-0.00018 (OR After breakout @ 0.00022) Target: 24-26-28-30 Stop loss: 0.00017
2nd target (26) reached (+40%). Move stop to 24. Next target: 28.
Mastercard Seeks 'Fast Track' Way to Sync Blockchain Data
Payments giant Mastercard wants to patent a way to quickly add new nodes to a blockchain network, new filings reveal.
In a patent application published Thursday by the U.S. Patent and Trademark Office, the company outlines a method by which nodes can connect with and verify the contents of a particular blockchain. Per Mastercard, the idea is to boost the speed at which the nodes - which store a copy of that network's transaction history - can get up to date.
Payments giant Mastercard wants to patent a way to quickly add new nodes to a blockchain network, new filings reveal.
In a patent application published Thursday by the U.S. Patent and Trademark Office, the company outlines a method by which nodes can connect with and verify the contents of a particular blockchain. Per Mastercard, the idea is to boost the speed at which the nodes - which store a copy of that network's transaction history - can get up to date.
ANZ and IBM Building Blockchain Solution for Insurance Industry
Working with tech giant IBM and financial services firm Suncorp New Zealand, the Australia and New Zealand Banking Group (ANZ) is building a blockchain-based platform aimed to ease the transfer of data and premium payments between brokers and insurers, ultimately making processes faster and more transparent.
"This technology will work with existing industry solutions to capture relevant information; ensuring payments can be forecast and made without the need for reconciliation."
Working with tech giant IBM and financial services firm Suncorp New Zealand, the Australia and New Zealand Banking Group (ANZ) is building a blockchain-based platform aimed to ease the transfer of data and premium payments between brokers and insurers, ultimately making processes faster and more transparent.
"This technology will work with existing industry solutions to capture relevant information; ensuring payments can be forecast and made without the need for reconciliation."
🎓 The US Federal Trade Commission (FTC) will be holding a free workshop this summer titled “Decrypting Cryptocurrency Scams”.
The workshop’s main aim is to educate the public about risks in the crypto sphere. The FTC’s press release notes that while interest in crypto has increased this year, so have scams.
The free June 25 workshop will be held at DePaul University in Chicago, and the event will also be available over a webcast.
The workshop’s main aim is to educate the public about risks in the crypto sphere. The FTC’s press release notes that while interest in crypto has increased this year, so have scams.
The free June 25 workshop will be held at DePaul University in Chicago, and the event will also be available over a webcast.