Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade
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[sociallocker id="55298"] Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada.June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework.Candian crypto firms
Read MoreThis week’s headlines from Japan included GMO Coin exchange polling customers on their view of digital assets, Lisk opening a base in Japan, Bitflyer showing 2019 net losses, blockchain startup LayerX securing significant funding, and two entities reported successful collaborative blockchain-based securities experiments. Check out some of this week’s crypto and
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XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern.If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats.Its failure now puts the crypto en route to record highs.XTZ is trading almost 28 percent lower from its
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Ever since Coinbase Pro revealed that it will be listing OmiseGO on its retail platform, this ERC-20 token has done nothing but shoot up. Since then, its price skyrocketed by more than 260%. OMG went from trading at a low of $0.62 to a new yearly high of $2.27.Even though
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As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation.Goldman Sachs’ Bitcoin Call for
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The crypto world moves at a frenetic pace of innovation with emerging new trends, additional new outstanding features, and new releases, while ambitious enterprises are keen to get ahead of the curve with its great potential.Most of the merchants around the world that are opening up to digital currencies is
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A project developing a national decentralized currency network in Zimbabwe has received a big boost with the listing of its Zimbocash (ZASH) token on the Bithumb Global exchange. According to a May 22 report in the Zimbabwe Independent, the listing will enable the currency to grow substantially, providing a sound-money alternative
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The possibilities of new technology being adopted mainstream by businesses depend on how liabilities and the magnitude of the effectiveness with which it can solve real business problems. Cryptocurrency might have been considered a fad but the underlying technology called the blockchain has been found to be extremely effective in
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Harry Potter author JK Rowling has become inundated with bitcoin insight and cryptocurrency explanations when she tweeted asking someone to explain to her what bitcoin was. Tesla CEO Elon Musk was among those trying to explain bitcoin to Rowling. He believes that bitcoin is “solid” compared to governments’ fiat
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