Ethereum Price Technical Analysis – ETH/USD Remains at Risk

Key Highlights ETH price failed to move higher and it traded below the $862 support against the US Dollar. There is a connecting bearish trend line forming with resistance at $865 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair may correct a few points in the short term, but it could face sellers near $865-870. Ethereum price declined recently against the US Dollar and Bitcoin. ETH/USD now remains at a risk of more declines as long as it is below $865. Ethereum Price Resistance There was…

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Bitcoin Price Technical Analysis for 03/01/2018 – Another Area of Interest

Bitcoin Price Key Highlights Bitcoin price is consolidating inside a symmetrical triangle as it formed lower highs and higher lows. A bounce could be due as the triangle support lines up with a longer-term area of interest around $10,000. Technical indicators are showing mixed signals, though. Bitcoin price has formed a symmetrical triangle pattern and might be due for a breakout soon. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to suggest that the path of least resistance is to the downside. This signals that a…

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Bitcoin Cash Price Technical Analysis – BCH/USD Could Slide Further

Key Points Bitcoin cash price failed to remain above $1,220 and declined against the US Dollar. There is a key bearish trend line forming with resistance at $1,225 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may continue to move down and it could trade below the $1,180 and $1,150 support levels. Bitcoin cash price faced an increased selling pressure below $1,250 against the US Dollar. BCH/USD declined below $1,220 and it remains at a risk of more losses. Bitcoin Cash Price Decline There was no…

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Asian Cryptocurrency Trading Roundup: Top Altcoin is DigixDAO

The pullback after a couple of days in the green is becoming a regular pattern now. Markets can’t seem to garner any serious upward momentum and have been relatively flat and slightly down for a few weeks now. Bitcoin has retreated 4% back to $10,400 which is pretty much what it started out at on the 1st of February. Altcoins are pretty much all in the red, declining from the small gains they have made over the past couple of days. Only DigixDAO marches relentlessly upwards leaving all of its…

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AriseBank ICO Fraud Case May Ensnare Additional Parties

The receiver for AriseBank, the Texas ICO issuer at the center of a securities fraud case, suspects the firm’s co-founders have not been entirely forthcoming with asset disclosures, documents show. According to a receivership report filed this week, co-founders, Jared Rice Sr. and Stanley Ford, initially failed to comply with a court order requiring them to disclose all of their property as well as assets owned by AriseBank. Ford is at present in Dubai, but Rice later acquiesced and the case’s appointed receiver, Mark Rasmussen, has identified 27.96 bitcoins, 196,131.04 dogecoins, 271.33…

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Porsche Begins Testing Blockchain Integration With Its Vehicles

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Big things are happening over in Zuffenhausen, Germany, headquarters of Porsche. According to a Porsche press release, the automobile powerhouse is making a major push towards integrating blockchain technology into its cars. In a partnership with XAIN, a tech startup located in Berlin, Porsche is reportedly working on developing blockchain applications with its cars. Things like locking and unlocking a vehicle, parking, or even enterprise usage such as loaning out the company car to an employee are all made…

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Starbucks Could Serve Up a Blockchain Payments App

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin may be off limits, but the coffee chain is not overlooking the technology that underpins cryptocurrencies. Howard Schultz, Starbucks executive chairman and the face behind the brand, suggested blockchain could very well be part of the coffee retailer’s future, pointing to the possibility of a “proprietary digital currency integrated into our application.” He told Fox Business: “I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top…

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Bitcoin Dominance Hits Two-Month High as Crypto Market Declines

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency markets succumbed to another mid-week slump on Wednesday, with the majority of top-tier coins posting minor declines. Meanwhile, Bitcoin dominance rose to a two-month high as investors continued to consolidate their holdings back into the flagship cryptocurrency. Source: CoinMarketCap At present, the cryptocurrency market cap is valued at $452.4 billion, down from $459.6 billion on Tuesday. This represents a single-day decline of approximately two percent. Bitcoin Price Sinks After Brief Rally Past $11,000 The Bitcoin…

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Cryptocurrency Anonymity | Bill Gates Talks Crypto Aiding Criminal Activity

Cryptocurrency Anonymity – is this the future of criminal activity? Bill Gates believes so. The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money. Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.   …

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Does Anonymous Feature Make Them Bad?

The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money. Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.    Some analysts believe cryptocurrencies are pump and dump schemes and don’t have any underlying…

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