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Fidelity Ardently Seeking The Right Bitcoin Engineer For Asset Scaling

Fidelity is reportedly looking for a Bitcoin mining engineer whose main responsibility would be to help it boost its operations profile. The person chosen for the role would be expected to help build, design and of course maintain the infrastructure that Fidelity utilizes for Bitcoin mining. Fidelity began mining Bitcoin in 2014 when it was little more than a concept.   Fidelity is an asset management heavyweight who manages client assets that are worth more than $7 trillion. Looking to expand its operations and meet present and future challenges, objectives, and needs, it is currently on the lookout for a...

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19 January 2020 - BCH/ GBP – Hourly

In this Hourly chart of Bitcoin Cash / British pound (BCH/ GBP), there is a depreciating range from 310.12 to 264.74. We can observe that the market then appreciated to the 288.84 level (identified by the red down arrow), just above the 287.43 level that represents the 50% retracement of the depreciating range.   These levels were also close to the 14-bar Simple Moving Average (identified in yellow), indicating around the 285.95 level. We can observe that the market then depreciated to the 255.00 level, below the 55-bar Simple Moving Average (identified in blue), indicating around the 266.34 area. Using RSI,...

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Rumor Has It The Fed Is About To Launch The Digital Dollar

Rumor has it that the US Federal Reserve might be about to launch a digital dollar. The rumor was kicked off by a Tweet which said the Fed could announce the introduction of a digital dollar in as soon as 24 hours. This as to be expected generated lots of shocks and not a little surprise in varied corners of the globe. It later turned out that the rumor came from the quoted statements of former CFTC Chairman Chris Giancarlo. He is popularly known as Crypto Dad and was quoted while attending the Crypto Finance Conference holding in St. Moritz...

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18 January 2020 - LTC/ EUR – Weekly

In this Weekly chart of Litecoin / Euro (LTC/EUR), there is a depreciating range from 153.20 to 19.75. We can observe that the market then appreciated to the 128.59 level, above the 121.71 level that represents the 76.4% retracement of the depreciating range.   We can observe that the market then depreciated to the 42.63 area, below the 51.24 level that represents the 23.6% retracement of the depreciating range. We can also observe that the 55-bar Simple Moving Average was indicating between the 23.6% and 38.2% retracement levels of the depreciating range when the market traded as low as the 42.63...

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17 January 2020 - ZEC/ USDC – Hourly

In this Hourly chart of Zcash / United States dollar Coin (ZEC/ USDC), there is an appreciating range from 30.02 to 36.62. We can observe that the market then depreciated to the 34.54 level (identified by the blue up arrow), not too far below the 35.06 level that represents the 23.6% retracement of the appreciating range. Notably, the 55-bar Simple Moving Average was indicating around the 34.95 level when the market depreciated to the 34.54 level. The market then appreciated to the 58.20 level. Using RSI, we can observe that the slope of RSI (14) and the slope of RSI...

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