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FSB Look Into Volatility Threats Posed By Bitcoin

The Financial Stability Board (FSB) have recently stated they want to look into possible volatility threats posed by the likes of Bitcoin. The Switzerland-based Financial Stability Board stated on Monday that the digital currencies have raised concerns regarding the protection of users and the investors since there it little known about banks exposure to them. The FSB deal with the coordination of financial regulations for twenty economies and have said that they want to look into how the risks from virtual currencies, such as Bitcoin, could spread to other sections of the ‘financial system’. The aim is to include follow the size of the sector to understand in more depth as to the potential financial impact it could have on investors who invest big amounts of money. A delicate industry The...

Lisk (LSK) Is A Buy At $5, Smart Money Busy Accumulating For Long Term

Lisk (LSK) has taken one of the worst falls in the history of cryptocurrencies. It is currently down more than 85% from its ATH. The price is looking to recover long term but short term the bloodbath is not over. Regardless of that, Lisk (LSK) has managed to stay close to $5 for the most part. This is a cryptocurrency which at a price of $40, was expected by many to reach $200 by the end of the year. This optimism stems from a strong interest in Lisk (LSK) in late 2017. This was mainly because Lisk (LSK) emerged as a strong competitor in the smart contracts space and earned its spot in the top 20 league. However, during the correction, investors showed Lisk (LSK) no mercy as they dumped mercilessly on most exchanges. The good looking and robust smart contracts platform is once again in the...

Bitcoin Bearish To Bullish Trend Will Open The Doors To A $8,000 Price

After convincingly scaling a key movement earlier today, Bitcoin is looking forward to a change in fortunes about $6,800. Currently, Bitcoin is changing hands at a six-day high of $6,600 on Bitfinex this is up 3.44% on the day. However, the virtual currency remained bid over the weekend and rose to $6,400 which was expected despite the low participation by investors. Prices rose above $6,300 on Saturday however, now trading numbers dropped to just over $2.90 billion USD, this is the lowest level since the start of last November. On Thursday, Bitcoin his a low of $6,080 however, Bitcoins recovery to $6,600 has boosted the low on the chart which is a bullish setup. Prices seem to be looking like they’re going to test the endurance of the current $6,838 price. What this means is that Bitcoin ...

New York State Delivers BitLicense To BitPay

BitPay has become the eighth firm to receive a BitLicense by the State of New York! After a thorough review of BitPays activity, the New York Department of Financial Services granted a BitLicense to the company. BitLicense is a kind of business license for virtual currencies which will let BitPay receive and send payments from other companies which will let those that hold a license store their digital property in a secure manner as well as issue a new digital currency. The license was first introduced in 2015 and it is used as a means for a legal framework which crypto currencies can operate in. Since 2015, there has only been seven businesses which have been given the licence which makes BitPay the eighth after Square was granted one in June. Other companies which have been granted with ...

Ethereum (ETH) Struggles To Break Past Strong Resistance

Ethereum (ETH) struggled to recover in the last 24 hours but a falling Bitcoin (BTC) has kept it on leash. The price started to take off and was supported by RSI conditions as well as the daily Stochastic, but weak overall market conditions resulted in a short lived rally. Considering most activity on weekends is often useless in markets like these, it is reasonable to expect that any gains made during the weekend could be wiped out in the days ahead. Ethereum (ETH) still looks bullish long term but short term; it has to fall back to the bottom of the channel to test the support line. Daily chart for ETH/USDT shows that RSI is now facing a strong resistance and is in a downtrend. Fortunately for most crypto enthusiasts, this downtrend is about to come to an end before the end of the year. ...

Dogecoin Is Now Listed On Robinhood And The Price Is Surging

Dogecoin seems to have jumped into life as it was announced that the digital asset was listed on Robinhood’s crypto platform. So now the price of Dogecoin is boosting up by 20%! The US crypto platform has announced that they will now be listing Dogecoin as an asset for trading. Robinhood’s cryptocurrency platform is available in seventeen states and got its first time in the news after it made the decision to launch a zero-free Ethereum and Bitcoin trading earlier this year. The Robinhood crypto platform is allowing further offers for consumers to access Bitcoin Cash and Litecoin. This is boosting the amount of listed crypto assets to five. Due to celebrity investors and its roster, the Robinhood platform now has lots of critical acclaim as well as its focus on zero-fee trading. Earlier in...

Five Bullish Experts Give Their Opinion On Bitcoin

Chamath Palihapitiya, Thomas Lee, Brian Kelly, Ran Neu-Ner and Arthur Hayes are all experts on Bitcoin and have recently gone on television to speak to CNBC on what they think the future of Bitcoin holds for investors and the product itself. Chamath Palihapitiya Palihapitiya went onto CNBC to speak about his opinions on Bitcoin. He believes that in the next 20 years Bitcoin could very well reach $1,000,000 a coin. He went on to say that: “You can buy the S&P 500 index, buy 99% of that [and] if you have 100 dollars to invest, invest one dollar.” The way this works is because the one dollar you put on Bitcoin will not be “fundamentally” connected to the other $99 you have. In June this year, Palihapitiya tweeted that he thinks Bitcoin could be worth more than gold in the future: “Bitcoin...

Coinbase Security License Unlikely To Help XRP Get Listed Soon

The big news of the day is that Coinbase has been given the green light and is now a licensed as a security broker and is no longer your general cryptocurrency. The U.S Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) has given Coinbase the go ahead to list digital coins which are considered to be a security. A representative from Coinbase told Bloomberg that the SEC and FINRA authorised the exchange to acquire security dealers Keystone Capital Corp, Digital Wealth LLC and Venovate Marketplace Inc. The deal means that Coinbase will be allowed to broaden their offerings with security tokens as an alternative way of trading. This can have a lot of positives for the market as it can bring in lots of institutional money into the market, however, ...

Litecoin (LTC) Is Starting An Uptrend With Its Latest Price

The latest price of Litecoin is starting a nice uptrend as it breaks into the $80.00 territory competing against the US dollar. What to take note of: A major bullish trend line is forming with support near the $81.20 mark on the hourly chart from the Litecoin and US dollar couple. Litecoin has boosted higher and higher recently and even broke into the major resistance near the $80.00 mark against the US dollar. The couple are remaining well supported about the $81.00 and $80.00 mark. As from yesterday, there was solid support formed near the $77.50 Litecoin price fighting against the US dollar. The pair had started an upward move and traded above the $78.00 and $80.00 resistance territory. Looking at the above chart, you can see that the price has gained a lot of friction after it broke in...

Bitcoin & Other Cryptocurrencies Complete A Successful Trail With Pundi X

Pundi X, the point of sale payment network, has finished its trial of hardware devices to enable consumers in Hong Kong which ended in success. The network let consumers pay using Bitcoin, as well as other cryptocurrencies at any real store which includes, restaurants, shops and even cafés! Pundi X is based in the South-east nation of Indonesia and is planning to apply over 5,000 POs units in Hong Kong. Regulators haven spoken out saying that Bitcoin doesn’t certify to be a valid payment option. Despite this, the plans of the Pundi X team haven’t changed and they still aim to continue to build the network that makes purchasing and spending virtual currency easy as pie. The goal is to become one of the biggest outlets for cryptocurrency, taking blockchain and the technology of crypto into p...

Ripple XRP Expected For More Gains

Ripple has recently seen its price get higher and higher as it broke into the $0.4500 resistance against the US dollar. After the break, there a was upward surge as the price traded above the $0.4600 and the $0.4700 levels. Due to the move being a powerful one, the price then went onto break in to $0.4800 territory. The price peaked at just over $0.4830 before price started building up more gains. However, a drawback is that the initial support is near the $0.4800 range. There is also a connection in the bullish trend line which forms with the support at $0.4750 on the hourly chart of the pair of XRP/USD. Looking below the trend line, the 23.6% level of Fib retracement from the last lag from the low of $0.4432 to the high of $0.4833. Below this, the price could make the decline stretch out...

The Future Of Browser Mined Blockchains

Would you be willing to donate your web browsers surplus resources to power a consensus algorithm for blockchain technologies? Millions of users are currently opted-in to such systems and are providing the processing power which could lead to a more energy efficient cryptocurrency. Browsing the web does not use a lot of resources for the most part. With the exception of video content and high demand applications it’s very rare that your average web browser is using their device to its full extent. CPU processing power is constant meaning that if it isn’t utilized in full then it goes to waste leading to huge amounts of surplus resources collaboratively being wasted each day as we spend time online. Javascript browser mining could potentially provide an alternative to the proof of work syst...