Bitcoin Cash Price Analysis: BCH/USD Recovery Faces Hurdle Near $280

Key Points Bitcoin cash price declined further and traded close to the $200 support against the US Dollar. This week’s followed important bearish trend line is still in place with resistance at $280 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could find it difficult to clear the $275 and $280 resistance levels in the near term. Bitcoin cash price tested the $200 support area and recovered against the US Dollar. However, BCH/USD is facing a solid resistance near the $280 level. Bitcoin Cash…

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Bears Slowdown, IOT/USD May Recover Today

The meltdown continues and even though fundamentals are strong, altcoin prices including those of ADA/USD and IOT/USD could consolidate after the last two day’s losses mostly because of yesterday’s high volumes and tight trade ranges. Needless to say, our forecasts remain constant. That’s unless there are sharp gains above immediate resistances nullifying this stand. Let’s have a look at these charts: EOS/USD Price Analysis Thing is, yesterday’s EOS/USD sharp declines did trigger our trade conditions. With prices closing below $4 and breaking below the main support line complete with high…

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SWIFT India Partners With Fintech Firm for Blockchain Pilot

SWIFT India has partnered with fintech firm MonetaGo to pilot a distributed ledger (DLT) network designed to improve the efficiency and security of financial products, according to a press release published Nov. 20. SWIFT India is a joint venture established by SWIFT SCRL (Society for Worldwide Interbank Financial Telecommunication) and a number of major Indian and international banks, including HDFC Bank and the Bank of India. The organization provides messaging services to domestic market infrastructures, banks and corporates. Per the announcement, the new program based on MonetaGo’s financial services network…

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High Volumes and Shrinking BTC/USD Trade Range Positive for Price

It’s not what maximalists want to see but for institutions to flock in then regulators must be in the picture. This is part of the reason why the launch of Bakkt Daily Bitcoin futures has been put off to Jan 24, 2019. Hopefully, if all requirements are met and goes live in Jan 2019 then BTC/USD prices would print higher recouping this year’s losses. Latest Bitcoin News Even in a system that is meant to thrive without oversight or government intervention, regulatory involvement is to some degree necessary as the…

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Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist

The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered three crypto-related companies providing unauthorized investment services to cease and desist, an official release states Monday, Nov. 19. The first company, a trading platform called Richmond Investing, has purportedly violated the Consolidated Law on Finance (TUF) — a fundamental law governing Italian financial markets — by failing to register as a financial intermediary in the country. The  Italian securities market regulator has also suspend the activities of two other companies, Crypton Ltd. and Eagle Bit Trade, along with…

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Cybersecurity Firm Detects Cryptojacking Malware on Make-A-Wish Foundation Website

Hackers have infected the website of global non-profit organization the Make-A-Wish Foundation with cryptojacking malware, according to a report by cybersecurity firm Trustwave posted Nov. 19. According to Trustwave researchers, crypto jackers managed to incorporate a JavaScript (JS) miner CoinImp into the domain worldwish.org in order to illicitly mine privacy-focused cryptocurrency Monero (XMR). Similarly to the notorious Monero mining software CoinHive, CoinIMP has reportedly been using the computing power of website visitors to mine cryptocurrency. Per the report, the CoinImp script infected the website through the drupalupdates.tk domain, which is…

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Microsoft Knocks out IBM for Enterprise Blockchain Crown: Report

Twitter Facebook LinkedIn Microsoft’s Blockchain-as-a-Service (Baas) platform has taken the top spot in a ranking compiled by market foresight advisory firm ABI Research. Per the report , Microsoft managed to beat competitors in the ranking owing to the advantage it has on the actual implementation front where a wide range of platform services are offered. It also helped that Microsoft’s BaaS platform is deeply integrated with its Azure cloud service, which commands the second-largest market share in the public cloud services market globally. Big Blue IBM came second after Microsoft,…

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VanEck Subsidiary Launches Bitcoin Index Based on US Spot Indices

Investment management firm VanEck subsidiary MV Index Solutions has launched its own Bitcoin (BTC) index based on three major over-the-counter (OTC) desks, according to a press release published Nov. 20. MV Index Solutions is a firm that develops, monitors and licenses the MVIS Indices, which cover several asset classes, including equity, fixed income markets and digital assets. The new MVIS Bitcoin U.S. OTC Spot Index (MVBTCO) is based on U.S. price feeds from major OTC liquidity providers, including Circle Trade, Cumberland and Genesis Trading. Gabor Gurbacs, Director of Digital Asset…

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Bitcoin Price Claws Back to $4,500 But Further Losses May Lie Ahead

Twitter Facebook LinkedIn The bitcoin price on Tuesday nursed extensive losses of over 12 percent against the US dollar, stabbing through $5,000 as it did. BTC/USD Intraday Analysis The BTC/USD index is currently trading at the 4513-fiat price level after a minor jump from its intraday low at 4035-fiat. The knee-jerk reaction after a massive sell-off does not confirm a substantial bias shift. It looks more like a bear pennant formation that is likely to extend the bearish action as it overreaches its downside targets. BTC/USD 1H CHART | SOURCE: COINBASE,…

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