MiFID II requirements do not align with U.S. practices governing the exchange of commissions for execution and research, as permitted by Section 28(e) of the Securities Act of 1934. But there is an opportunity to optimize operations and the benefits from both MiFID II and Section 28(e) using a token, smart contract and blockchain-based research… View Article
Archives for December 2017
2017 is finally over. The value of Bitcoin has multiplied by 14, and this is the first year that Bitcoin and other cryptocurrencies made it into mainstream media. What’s next for Bitcoin in 2018? Price Explosion: A Brief Overview This year did not start out as a promising year for bitcoin. Right after returning to… View Article
- Bitcoin cash price is preparing for the next move with support on the downside at $2300 against the US Dollar.
- There is a crucial bearish trend line forming with current resistance at $2400 on the hourly chart of BCH/USD (data feed from Kraken).
- The pair might soon make the next move either above $2400 or below $2300 in the near term.
Bitcoin cash price is consolidating above $2200-2300 against the US Dollar. BCH/USD may soon break higher above the $2400 resistance for more gains.
Bitcoin Cash Price Upside Hurdle
There was a downside reaction in bitcoin cash price from the $2880 swing high against the US Dollar. The price traded below the $2500 support area and moved toward $2100. A low was formed at $2145 from where the price started an upside correction. It moved above the 23.6% Fib retracement level of the last decline from the $2890 high to $2145 low. However, the price struggled to move above the $2500 resistance.
There is also a crucial bearish trend line forming with current resistance at $2400 on the hourly chart of BCH/USD. The pair seems to be struggling to move above the trend line resistance at $2400. Moreover, the 50% Fib retracement level of the last decline from the $2890 high to $2145 low also acted as a hurdle for buyers. Above, the 100 hourly simple moving average is positioned at $2400 and is acting as a hurdle. It won’t be easy for buyers to break the $2400 resistance. Once they succeed, the price could accelerate above the $2600 level in the near term.
On the downside, there is a bullish trend line with support at $2300 on the same chart. A close below $2300 could negate the possible upside move and push the price toward $2100.
Looking at the technical indicators:
Hourly MACD – The MACD for BCH/USD is in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now below the 50 level.
Major Support Level – $2300
Major Resistance Level – $2400
Charts courtesy – Trading View, Kraken
The post Bitcoin Cash Price Technical Analysis – BCH/USD Preparing for Break appeared first on NEWSBTC.
Many investors find it difficult to make profits while trading cryptocurrencies, which is mainly due to the complicated nature of the industry which is subject to high volatility and manipulation. Beginners tend to follow unrealistic passing trends rather than following the “buy low and sell high” approach or using sophisticated trading tools. OptiToken solves this — one of the industry’s biggest problems.
OptiToken is the world’s first “hyper-deflationary cryptocurrency.” It uses algorithmic trading activity to jet-fuel its adoption and nurture demand. By holding this cryptocurrency, users may benefit from constant price appreciation nurtured by round the clock automated trading driven by special algorithms. These trading algorithms embed strategies frequently used by professionals at high levels to often outpace bitcoin and other top cryptocurrency indexes such as top-3 or top-5 for example.
OptiToken- Disrupting the Traditional Industry Model
OptiToken works differently by incorporating exclusive features like Algorithm trading, Strategic scarcity and Buy pressure. Algorithmic trading exposes investors to the algorithm that consistently outpaces Bitcoin trading, 24/7. It has been developed upon data taken from professional traders and enables escalating integration of machine learning. Strategic scarcity helps OptiToken to positively impact price through deflation as the percentage of the tokens bought back, is sent to an unspendable address that can be verified in a transparent way. It will be the first token who’s circulating supply will always be a decreasing function and never a constant or inflating supply which is something the founder Sean Donato argues, “should potentially be a feature of 99% of cryptocurrencies and that is something even Satoshi Nakamoto hinted is something special about cryptocurrency inadvertently in his original whitepaper when he said ‘Dead bitcoins are good bitcoins.’” The second disruptive feature employed by OptiToken is the Buy Pressure Strategy, in every buy cycle, a percentage of profits generated is used to purchase Optitokens on the market, hence, resulting in upward price pressure and garnering adoption and value for token holders. It’s similar to a stock buy-back tactic used in traditional finance, but by destroying the “buy-back” tokens and thus sending the value back to the network in the form of deflation.
In simple words, OptiToken generates profits from on-going trades and infuses it into OptiToken markets to ensure upward price pressure. The tokens bought are sent in proportions to the community supporting the infrastructure and unspendable address to create strategic scarcity. It will, in turn, stop the tokens from re-entering the ecosystem as selling pressure. The remaining Optitokens held by users of the currency gain value each time this cycle happens. These features make the project one of its kind to demonstrate the superiority of the cryptocurrency over traditional fiat.
To know more about the platform and register for its pre-sale and ICO, please visit https://www.optitoken.io/ or access the official Whitepaper at https://optitoken.io/White_paper.pdf or for Twitter follow @OptiToken
The post The Exclusivity of OptiTokens Features May Also Impact Traditional Stock Market Model appeared first on NEWSBTC.
Welcome to the Hypethon at BlockShow Asia 2017 organized together with CryptoFriends
The post As Prices Dip, Bitcoin’s Market Dominance Slips Towards New Low–and the Market is Better for It appeared first on CCN It’s dipping season, folks. Well, it was dipping season. Yesterday, assets all across the cryptocurrency market were getting hammered, and the ubiquitous price dent had 89 out of Coin Market Cap’s top 100… View Article
The post Bitcoin Price Slightly Recovers as Ripple Market Cap Drops by $13 Billion appeared first on CCN The bitcoin price has slightly recovered to above $13,500 as the market valuation of Ripple dropped by $20 billion overnight. Major Shift in Trend Since December 30, Ripple has regained $7 billion in market cap and is… View Article
The man behind the sign steps into the light to reveal his motives. In a year beset by savage infighting, Bitcoin Sign Guy took a stand, with a small action that not only broke the internet, but raised the spirits of a beleaguered bitcoin community then ravaged by a years-long intellectual war. Were we all… View Article
The post Australian Bitcoin Investors Claim Banks are Shutting Down Their Accounts appeared first on CCN Bitcoin investors in Australia have claimed that major banks including National Australia Bank, ANZ, the Commonwealth Bank of Australia and Westpac Banking Corporation, have started to freeze the bank accounts of cryptocurrency traders without prior notice. Major Banks Called… View Article
Bitcoin certainly has had a wild ride in 2017. Its price has risen from around $1,000 at the start of the year to over $13,000 at the time of writing. At one point, less than a month ago, you’d have to fork out almost $20,000 to buy a single Bitcoin. The market was clearly over-extended as the mania surrounding the launch of Bitcoin futures subsided, so too did the price. Recently, fear and uncertainty over legislation in South Korea has put a temporary dampener on the party but with the price still over 13 times what it was at the beginning of the year, there’s still plenty to celebrate this New Year’s Eve.
If you really want to flaunt the Bitcoin wealth you amassed this year, a club in Singapore could be the ideal venue for you to bring in the New Year. It’s called Skyline and it’s located on the 45th floor of a a luxury skyscraper which overlooks the city-state’s glamorous waterfront. It’s the first club in the nation to accept payments in cryptocurrency. The party they’re hosting this evening is called “Bianco” and has an all white dress code. The ultimate hospitality package they offer will set you back an entire Bitcoin. This includes a limousine collection, butler, champagne, oysters, and caviar.
Despite the opulent service provided, the bar manager Subaish Rajamanickam told UK newspaper the Mail that no one had taken the club up on their elite New Year package yet. However, other cryptocurrency-themed nights there have had greater interest. He told AFP news about the decision to offer payments in Bitcoin, Ethereum, and the crypto events they’d hosted:
“We had a couple of cryptocurrency after-parties here, and we have also themed a night … called Crypto Thursdays… So that basically got the ball rolling for cryptocurrency acceptance here at Skyline.”
Despite the various digital payment options presented, most transactions still happen in cash. This is likely due to the volatility associated with cryptocurrency prices, as well as recent network congestion on both the Bitcoin and Ethereum blockchains. Unfortunately, due to the surge in popularity of digital payment methods, neither network can handle the large numbers of transactions users are trying to make. This creates a scenario where people are forced to ramp up the fee to the network. Increased fees incentivise miners to include transactions quickly. However, they do render overburdened blockchain-based cryptos useless for making micro-payments. Paying $20 for a $13,000 hospitality package isn’t so bad. That same fee for a $35 round of drinks is ludicrous.
If you’re at a loose end in Singapore later this evening, and have a whole Bitcoin to burn on indulgence, why not hit up Bianco. Alternatively, you could just pay in inflationary fiat currency, and save your crypto for a rainier day. If the average price trend is anything to go by, you’ll thank yourself later.