Bitcoin (BTC) Price Watch: Line in the Sand for Buyers?

Bitcoin Price Key Highlights Bitcoin price is back down to the bottom of its short-term ascending channel. This coincides with the support of a long-term triangle consolidation pattern, so there may be plenty of buy orders here. But if price falls through, it could be indicative of sellers gaining the upper hand in the longer-run. Bitcoin price is back to the bottom of its rising channel and longer-term triangle, waiting for bulls to spur another bounce. Technical Indicators Signals The 100 SMA is still above the longer-term 200 SMA on…

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Bitcoin Cash Price Analysis: BCH/USD Turns South Towards $500

Key Points Bitcoin cash price failed to break the $550 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is under pressure and it may continue to move down towards the $500 support. Bitcoin cash price failed near key resistances against the US Dollar. BCH/USD is heading south and there could be more losses towards the $500 level. Bitcoin Cash Price Analysis Yesterday,…

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Coinbase Negotiation Could Value Crypto Exchange at $8 Billion

San Francisco-based cryptocurrency exchange and wallet service Coinbase is finishing negotiations that would value the company at $8 billion, technology news site Recode reports Oct. 2. Citing anonymous sources familiar with the matter, Recode states that Coinbase is in talks with Tiger Global and its shareholders regarding a possible $500 million investment. The sources reportedly said that Coinbase would add $250 million to its treasury, while another $250 billion could be slated for buying out existing investors. Tiger Global Management is an investment firm founded in 2011 that invests globally…

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CEO of Blockchain Browser Brave Urges US Senate to Consider European Privacy Standards

Brendan Eich, the CEO of decentralized browser Brave, has urged members of the U.S. senate to consider the General Data Protection Regulation (GDPR) as a regulatory model, according to a statement published Oct. 2. In an open letter dated Sept. 29, Eich called on members of the U.S. Senate Committee on Commerce, Science, and Transportation, to look to the GDPR as a model for American data privacy regulations. First proposed by the European Commission in 2012, the GDPR legal framework for personal data protection became effective in the European Union…

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Joseph Lubin Invests in DrumG Technologies

While ETH is up eight percent in the last week, volatility is low in lower time frames. ETH prices are stable in the daily chart but there is a strong ceiling at $250 popping bull attempts. As prices lack bullish support, the Austrian government is using Ethereum for auctioning their government bonds. Joseph Lubin in the meantime is investing $6.5 million in DrumG. Latest Ethereum News Joseph Lubin of ConsenSys is investing $6.5 million on a blockchain start-up, DrumG Technologies. It’s not about the money per say but about the…

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Automated Trading Programs Manipulate Digital Currency Prices

Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrency exchanges, according to a Wall Street Journal (WSJ) report October 2. Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by means of a computer at speeds greater than any human is able. Trading programs are available for traditional and crypto markets, and can be deployed for both legitimate and manipulative strategies. Addressing crypto markets,…

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Stellar Lumens and Litecoin Stabilizing the Altcoin Ship

In the last day, altcoin prices were stable. Gains or losses were within a one percent range as sellers begin to clip back gains. The fact that there is failure by Cardano and EOS bulls to close above key resistance lines at 12 cents and $7 backs our bearish forecast. On the other hand, Litecoin and Stellar Lumens prices continue to trend inside Sep 27 and 23 bull bars underlining our upbeat stand. Let’s have a look at these charts: EOS Price Analysis At the face of block producer corruption,…

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Bitcoin Investment Trust Shares Down 80 Percent, Investors Cite Low Prices, High Fees

The “lone” Bitcoin (BTC) investment trust in the U.S., Grayscale Bitcoin Investment Trust (GBTC),  has seen its net asset value hit the lowest point since the BTC price surge of 2017, Bloomberg reported October 2. Grayscale Investments Inc., the company behind GBTC, reportedly has $1.5 billion in assets under management, and is one of the largest cryptocurrency asset managers in the world. GBTC is an open-ended grantor trust, the purpose of which is to track BTC market price. According to Bloomberg, shares of GBTC have dropped by around 80 percent…

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Charles Schwab Exec Joins Coinbase Board

Chris Dodds, who serves on the board of directors of the Charles Schwab Corporation, has joined cryptocurrency exchange Coinbase‘s board of directors, according to an announcement published October 2. The Charles Schwab Corporation is a brokerage, banking and financial advisory services firm based in San Francisco. Per the firm’s annual report, the company had $3.36 trillion in client assets, 10.8 million active brokerage accounts, and 1.2 million banking accounts, as of December 2017. In addition to the Coinbase board, Dodds will reportedly contribute to the exchange’s expansion in terms of…

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Binance Labs Invests ‘Millions’ in Decentralized Digital Content Monetization Startup

Binance Labs has reportedly invested millions of dollars in decentralized digital content ecosystem Contentos, according to a press release published October 1. Founded by the largest cryptocurrency exchange Binance, Binance Labs is an initiative that seeks to support early-stage blockchain and digital currency projects and entrepreneurs by making direct investments, as well as mentoring and providing technical advice to projects. Per the press release, Binance Labs made a “multi-million” dollar contribution to decentralized digital content ecosystem Contentos, but the exact amount of secured investment was not disclosed. Within the investment…

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