#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.
Australia’s Biggest Stock Exchange Targets Blockchain Integration in 2020
The Australian Securities Exchange (ASX) has said it will implement a blockchain-based post-trade system from as early as Q4 2020, replacing the current Clearing House Electronic Subregister System (CHESS) system. New York-based fintech company, Digital Asset is building DLT products, is the main technical partner for the initiative.
The Australian Securities Exchange (ASX) has said it will implement a blockchain-based post-trade system from as early as Q4 2020, replacing the current Clearing House Electronic Subregister System (CHESS) system. New York-based fintech company, Digital Asset is building DLT products, is the main technical partner for the initiative.
📰 Ripple's Enterprise Blockchain Network Adds a New Member
BankDhofar, an Oman-based financial investment management company, has joined RippleNet, a move the bank says enables it to provide global cross-border payments using Ripple's blockchain technology.
Dr. Tariq Taha, chief information officer at BankDhofar, commented:
"With this, we can provide instant, frictionless and secure cross border money transfers within seconds, with end-to-end visibility over the journey of the payment."
BankDhofar, an Oman-based financial investment management company, has joined RippleNet, a move the bank says enables it to provide global cross-border payments using Ripple's blockchain technology.
Dr. Tariq Taha, chief information officer at BankDhofar, commented:
"With this, we can provide instant, frictionless and secure cross border money transfers within seconds, with end-to-end visibility over the journey of the payment."
Ethereum creator Vitalik Buterin has announced that Sharding, a much awaited scaling solution for the Ethereum blockchain protocol, is coming.
What is Sharding?
In essence, Sharding is a solution that optimizes the process of verifying transactions and smart contracts by splitting the blockchain network into partitions called shards. Instead of having every single node go through the entire transaction history of the Ethereum blockchain network, Sharding allows certain nodes to be assigned to certain shards, optimizing the process of nodes verifying transactions.
What is Sharding?
In essence, Sharding is a solution that optimizes the process of verifying transactions and smart contracts by splitting the blockchain network into partitions called shards. Instead of having every single node go through the entire transaction history of the Ethereum blockchain network, Sharding allows certain nodes to be assigned to certain shards, optimizing the process of nodes verifying transactions.
#Ripple
OUTLOOK: Awaits bull breakout
Diamond continuation pattern is seen in 4hr chart. Upside break will open the doors to $1.00.
A downside break would allow a pullback to $0.72-0.70.
OUTLOOK: Awaits bull breakout
Diamond continuation pattern is seen in 4hr chart. Upside break will open the doors to $1.00.
A downside break would allow a pullback to $0.72-0.70.
#BTC
OUTLOOK: Bullish
Bears have repeatedly failed to push BTC below $8,800 despite last Wed's bearish outside-day candle.
So, a bull pennant breakout (4-hour chart) is likely and could yield rally to 200DMA located at $9,975.
OUTLOOK: Bullish
Bears have repeatedly failed to push BTC below $8,800 despite last Wed's bearish outside-day candle.
So, a bull pennant breakout (4-hour chart) is likely and could yield rally to 200DMA located at $9,975.
Ethereum Price Will Reach $15,000 This Year: Reddit Co-founder
Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency. He believes this project has more long-term potential than any other currently-existent cryptocurrency.
“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it.”
Reddit co-founder Alexis Ohanian said that he predicts the ethereum price will reach $15,000 in 2018, rocketing its market cap into the trillions of dollars and enabling it to surpass bitcoin as the world’s largest cryptocurrency. He believes this project has more long-term potential than any other currently-existent cryptocurrency.
“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it.”
Goldman Sachs to Begin Bitcoin Futures Trading Within Weeks
Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times.
Goldman is also set to "create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients."
Goldman executive Rana Yared said the decision resulted from a growing number of inquiries from clients that indicated interest in holding bitcoin as an alternative asset.
Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times.
Goldman is also set to "create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients."
Goldman executive Rana Yared said the decision resulted from a growing number of inquiries from clients that indicated interest in holding bitcoin as an alternative asset.