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Outside Bar Leads to Strong BTC/USD Gains: Sally Ho's Technical Analysis 24 October 2020 BTC

Bitcoin (BTC/USD) encountered volatility early in today’s North American session as the pair depreciated to the 12925.89 level and traded as high as the 13105.06 area, a significant outside bar that saw bids tested around the 23.6% retracement of the appreciating range from 11876.51 to 13250.04.  Some Stops were elected above the 13087.36 and 13097.86 areas during the climb higher, representing the 76.4% and 78.6% retracements of the recent depreciating range from 13200 to 12722.72.  Earlier this week, buying pressure emerged around the 12865 area, just below the 12872.93 area that represents the 61.8% retracement of the recent appreciating range from 12670.67...

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Still prominent: malware scam sees $80,000 worth of BTC stolen

Quick take 1 minute read For many years now, two words have plagued the industry for people who are outside of understanding what blockchain is about. “Crypto scams“ are those two words and have seen many people who could have been interested in the industry pushed away due to the potential of losing their investment and resulting in wasted time.  For many years now, two words have plagued the industry for people who are outside of understanding what blockchain is about. “Crypto scams“ are those two words and have seen many people who could have been interested in the industry...

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ETH/USD Volatility in Outside Bar to Intraday High: Sally Ho's Technical Analysis 24 October 2020 ETH

Ethereum (ETH/USD) was volatile early in today’s North American session as the pair appreciated to the 416.54 area before depreciating as low as the 411.31 area during the Asian session, right around the 50% retracement of the depreciating range from 421.47 to 401.51.  Notably, the pair’s spike to intraday highs saw ETH/USD test the 76.4% retracement of the same depreciating range.  One appreciating range that traders are monitoring is the climb from 401.51 to 416.51, and some downside retracement levels include 410.80, 409.03, 407.25, and 405.06.  One appreciating range that traders continue to monitor is the ascent from 364.04 to...

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Switzerland looks to boost blockchain and crypto adoption in 2021

Quick take 1 minute read The federal Department of finance in Switzerland has recently initiated a consultation process for a total ordinance in the cryptocurrency and blockchain industry. This consultation will involve cantons, parties and other interested individuals and organisations that are wanting to know more about the industry.  The federal Department of finance in Switzerland has recently initiated a consultation process for a total ordinance in the cryptocurrency and blockchain industry. This consultation will involve cantons, parties and other interested individuals and organisations that are wanting to know more about the industry. However, this isn’t scheduled until the 2nd...

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How RUSH is changing cross border payments

The US dollar is the most common currency used for cross border settlement between various countries and big corporations with the help of the traditional banking system. According to a report by the Balance, 90% of foreign exchanges involve the US dollar. The dominance of the US dollar as a means of global payment has been broken because many cryptocurrencies like Bitcoin are now used for cross border settlements. The solutions offered by other cryptocurrencies still have a lot of challenges like instability, but RUSH is a company that is changing the way cross border payments will be made.  Become...

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