By Harold Vandelay on Feb 11, 2019 08:41 pm
Eva Kaili, a member of the European Parliament, the body which exercises the legislative function of the EU, has been speaking out about cryptocurrency and the progressive stance of EU member states towards it. Speaking at a Ripple event in London recently, Kaili, a former television news presenter who represents the Panhellenic Socialist Movement, was telling her audience how blockchain technology’s disruption of various sectors was beginning to be understood by many EU member states. She was highlighting the contrast between the industry now and how it was a few years ago in the early stages of its development, indicating that this was gradually leading to a more positive reaction from EU banks and financial institutions, primarily due to recent regulation. According to her, another reason for blockchain not being resigned to becoming just another clever idea was the growing mainstream acceptance of the technology by leaders across the world. The stance by these over the past five years has changed noticeably as more and more digital currencies reach acceptance and blockchain becomes a feature of many huge institutions' business plans. A major focus of many of these institutions has centered around remittances and cross border payments, which have been clearly improved through blockchain technology. One example being Ripple, the hosts of the event, who maintain that their cross-border payments are becoming both quicker and cheaper as new tech is developed. MEP Kaili has long been a blockchain and crypto advocate in the European Parliament. In November, she spoke exclusively to Bitcoin News about the Parliament’s release of EUR 700 million for startup projects promising “great solutions” with blockchain. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: Pixabay The post EU Parliament Member Praises Euro Stance on Blockchain, Digital Assets appeared first on BitcoinNews.com.
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By Harold Vandelay on Feb 11, 2019 05:33 pm
For many of South Korea’s millennials, cryptocurrency has proven the only way to escape the rigors of the country’s social demands. Many of South Korea’s young are now calling themselves “dirt spoons”, a reference in South Korea to economic and social status, with gold and silver spoons being the best off and dirt spoons being the worst. Older Koreans refer to millennials as the “Sampo Generation” — literally, “three-giving up” generation — due to their rejection of courtship, marriage and family, the three essential elements of traditional South Korean society. A generation of young South Koreans have sought out cryptocurrencies as a way of avoiding what they see as dead-end jobs and no future, which has created a huge crypto industry in the country as a result. It is an industry which has seen a total of USD 6.8 billion in cryptocurrencies changing hands in January alone, now becoming the world’s third largest market behind the US and Japan. “There is no true opportunity in South Korea for the average young person,” said Kim Han-gyeol, 23, a part-time software developer for an e-book company. Kim lost money after making a large profit originally by investing in cryptocurrencies before the fall in the market. “I felt a sense of shame when I lost money on my Bitcoin investments, not once but twice because of my greed to make a fortune in one go,” she said. But, she added, she’ll stick to digital coins. She said, “There is nowhere else to go to recover my losses anyway.” Success for the young Koreans means a government position or a job at a small group of family-owned conglomerates selling products that South Koreans commonly purchase. Some of these positions even require a university education with only a handful of local institutions available to choose from; these are highly competitive, and often require long waits numbering years in order to secure a place. With youth unemployment in South Korea running at 10.5% — the highest in Asia — it is not hard to see the attraction of cryptocurrency investment for many of the country’s young and unemployed. The cryptocurrency industry has caused a huge wave of interest amongst South Korea’s millennials since 2017, and given time may spark the flame of a huge resurgence in East Asia in the coming months and years. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: Pixabay The post South Korea’s “Sampo Generation” Find Escape in Crypto Amid Rigid Society appeared first on BitcoinNews.com.
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By Manuel on Feb 11, 2019 03:22 pm
In the midst of the delay for the approval of Bitcoin exchange-traded fund (ETF) applications after several rejections, and current uncertainty regarding regulatory framework, US Securities and Exchange Commission (SEC) Commissioner Hester Peirce provided insights into the matter as an opportunity for better industry development. Last week, Heister made comments on the issues of state regulation at the University of Missouri School of Law where she opined that “entrepreneurship and innovation do not have the happiest relationship with innovation”, which may be the core reason why crypto ventures have suffered in the hands of most regulatory systems. The SEC’s clamp down on non-compliant ICOs (issuing securities disguised as utility tokens), its rejection of Bitcoin ETF applications, and somewhat deliberate delay in providing a regulatory framework as regards the industry may have a more logical than malicious intent behind it. Innovations, while they make life easier most of the time, always come outside the norms, especially those of the regulatory system and often times drives regulators to accept changes despite skepticism. “Regulators, for their part, tend to be skeptical of change because its consequences are difficult to foresee and figuring out how it fits into existing regulatory frameworks is difficult,” she said, implying that it’s not an easy task for the SEC to reject what seemingly looks like a financial innovation in an attempt to weigh and understand the situation correctly. The last financial crisis has made it easier for trust issues to thrive, especially on the part of the regulator, given that some ascribe the crisis to be due to “financial innovations”. Peirce pointed out that “…every innovation — even one that almost everyone agrees is good — carries with it some risk”, something currently agreeable with the cryptocurrency system. Accordingly, since innovations can be unpredictable, so caution must be applied when drafting regulatory frameworks, especially for a new industry such as blockchain and its underlying assets. Peirce continues by saying that “as regulators, therefore, we must allow innovation to proceed, even as we put in reasonable safeguards and watch for unanticipated consequences”, and still, it has to come with no comprise to the securities laws in place. It behooves one to imagine where the true line of trade-offs will be drawn, seeing that the core structure of the crypto industry lies in decentralization, which by implication makes it harder for any regulator. Still, the regulatory polarity has created distinct shades of gray areas around the world. With the Chinese government adamant with its crypto ban, the Indian government chose a rather bizarre stance — first with a ban on banking services to crypto related ventures, and then planned to develop a state-backed cryptocurrency, which it shelved later on. Meanwhile, other jurisdictions have launched out to attract the “rejected”, by providing a safe haven to crypto ventures, and a few nations are developing their own state-backed crypto to augment their economies. In the UK, the principal regulator has extended an invitation to the public through its consultation paper to better assess a possible way forward for industry regulations. It said in late January: “We are consulting on Guidance for crypto assets to provide regulatory clarity for market participants.” Meanwhile, in the Middle East, the United Arab Emirates (UAE) has also hinted on possible ICO regulations to be introduced later this year. So far, the crypto industry has had checkered developments and have more recently been in a stalemate (regardless of minor spikes in market dynamics), and many have been waiting eagerly for the next bull-run trigger. It’s basically what most crypto enthusiasts talk about these days, consequently, dialing down tech innovation, development and mass adoption of crypto products — at least, for the innovations that they stand for — and are relying on adjuncts gunning for more institutional involvement that would supposedly propel the market further. While the US SEC does recognize the potential this innovative technology may provide, as Peirce says. “the United States has benefited greatly from the relative importance of non-bank financing”, supposedly placing them on par with the capital market. This further buttresses the point made by SEC boss Jay Clayton who viewed crypto as a “promise for adding efficiency to our [capital] marketplace”. However, the regulatory watchdog maintains a stance of balance that involved protecting the interests of investors as market volatility, manipulation, hacks, frauds, exchange illiquidity, and a host of other unforeseen consequences from the unstandardized cryptosystem remain legitimate concerns. Perhaps, when the SEC, as well as other financial regulators, have finally regulated the industry, these problems will be adequately tackled. Meanwhile, the regulator itself is waiting for the maturity of the industry marked by improved oversight on market surveillance, definitive asset classification, and airtight custody solutions, before embracing the industry wholeheartedly. But it still remains to be known at what cost? The good news so far is that earlier this year, a bill was introduced in the House to help with asset classification, that partly takes care of one problem. Nasdaq introduced its SMARTS Market Surveillance solution which may have provided precedence in the direction of play towards controlling market manipulation. On the subject of custody solutions, crypto ventures are urged to ensure best cybersecurity practices. Fidelity, Coinbase, Gemini, BitGo, Ledger, ItBi and even Goldman Sachs are among many reportedly racing toward that end. Peirce’s overall sentiment in a manner of speaking, perhaps one shared on both sides of the tussle is that the delay in drawing clear lines may actually allow more freedom for the technology to come into its own. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: Pixabay The post US Crypto Regulations Between a Rock and a Hard Place appeared first on BitcoinNews.com.
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By Harold Vandelay on Feb 11, 2019 01:11 pm
The Boston Globe has reported on startup Arwen as one of a growing number of firms seeking to make cryptocurrency exchanges more secure by adding a layer of technology that would enable users to convert one currency to another with more safety. Two Boston companies, Highland and Underscore, helped startup Arwen get started. The new firm was founded by a Boston University computer science professor and her doctoral student. Their plan is to create an extra layer of tech to protect transactions, based on an “atomic swap”. This would allow users to swap cryptocurrency from different blockchains, without ever needing to hand over their tokens to an exchange as the mediator, as is the case with most traditional centralized exchanges. Effectively, the exchange matches orders but is non-custodial in the sense that users still retain control over their private keys and funds. A group venture of capital firms and startups in Boston have identified cryptocurrencies as needing further safety standards to make them more safer. One of these firms, Castle Island Ventures, raised USD 30 million to work on the projects. Castle Island has already invested in six startup companies, other local firms like General Catalyst, First Star Ventures, Highland Capital Partners, and Underscore VC. “The reason we launched the fund is we think a lot of these cryptocurrencies will be investible assets,” Castle Island Ventures founder Matthew Wash commented. “It’s bordering on a joke how immature the infrastructure is — and how dangerous it is… Every time I see one of these exchanges get hacked, or the founder take off with money in some kind of scam, it’s another reminder of how immature this industry is.” “"We’re in the early days,” says Arwen CEO Sharon Goldberg. “But let’s go back to 1999 and using credit cards on the Internet. Nobody wanted to put their credit card number into a website. But you do today, because you trust the encryption. You see that little lock in your browser.” Goldberg points out the irony of using centralized exchanges to trade decentralized currency; adding that trusting software code is one thing, but trusting a centralized exchange is something quite different. Arwen launched a sandbox environment for demonstrating the technology last month, and the company is now talking with prospective customers, mostly outside of the US, such as in Japan where exchanges are looking to improve current crypto technology. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post Boston Startup Joins Atomic Swap Pursuit for Safer Crypto Trades appeared first on BitcoinNews.com.
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By Manuel on Feb 11, 2019 10:59 am
In a report from the Financial Services Agency (FSA) last week, the number of inquiries about cryptocurrencies received by the Japanese financial regulator during the period of Q4 of 2018 had declined. Could Japan citizens be losing interest in crypto? According to the report published on 8 February, in Q3, the FSA had received as many as 1231 inquiries related to cryptocurrencies from citizens, but this figure had dropped to 788, a 36% drop in Q4. Overall, the year 2018 saw a drop from 3,559 during Q1 to 788 in Q4 of the same year – an approximate 78% drop. Further signs may indicate a further decline may be on the horizon. The year 2018 arguably was an active year in crypto for Japan, with the year end swamping the regulator with exchange applications after the FSA had granted the Japan Virtual Currency Exchange Association (JVCEA) the power to oversee self-regulation within the industry. Strides had included a regulatory framework for ICOs, systems designed to monitor tax reporting and evasion, the appointment of a pro-crypto minister who would oversee all things crypto and blockchain which provided a positive outlook for crypto enthusiasts in the region. There were talks about a Japan instituted Bitcoin exchange-traded funds – although this was later dismissed by the FSA as rumors. Although, unlike some other nations, Japan has had a more differing opinion about state-issued central bank digital currencies (CBDC), saying that they are unlikely to improve the existing monetary systems and therefore, the Bank of Japan itself had no plan to issue digital currencies. Regardless, Japan is considered to be one of the progressively active countries in terms of crypto regulatory initiatives on the Asian continent. However, one baffling question that remains unanswered is why the inquiries about crypto-related issued had declined over the course of 2018. Are Japanese crypto holders and enthusiasts getting tired of crypto, or are they better off without the oversight of the regulator? At the start of the year 2018, inquiries were higher even with Bitcoin price declining from its all-time high of December 2017, compared to when the price almost seemed to bottom out at the end of the year. Although, Bitcoin trade volume data from peer-to-peer trading platform LocalBitcoins.com as revealed by Coin Dance had peaked in one of the weeks in October 2018, reaching its highest point for the year and then slowly declined. Perhaps the drop in inquiries may have had something to do with the security challenges plaguing the Asian crypto market which accounted for a sizeable share in the USD 1.7 billion worth of cryptos reportedly stolen in 2018. This included exchange hacks, exit scams, Ponzi schemes, and identity thefts. One thing is certain, the government of Japan is striving for a more harmonized environment for both crypto ventures and investors, and most certainly not at the detriment of the financial system and its policies. It has also provided a regulatory sandbox for a more controlled environment for fintech products. A beneficiary of the sandbox project is a recently approved trial for a yen-backed stablecoin settlement to be undertaken by Digital Garage. With the bottleneck-like regulatory framework designed to protect investors interest, even US-based crypto exchange Coinbase applauds the regulator’s effort for setting up such a system in place. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post FSA Reports Drop in Crypto Inquiries, Is Japan Losing Interest? appeared first on BitcoinNews.com.
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By Talha Dar on Feb 11, 2019 08:48 am
The regional securities regulator of British Columbia might have abandoned users of troubled crypto exchange QuadrigaCX but the Ontario Securities Commission (OSC) may yet save the situation as it confirmed the start of its investigations into the scandal in a Reuters article. QuadrigaCX owner Gerald Cotten passed away unexpectedly last December, taking along with him the private key to an offline wallet, that held more than USD 190 million worth of traders’ funds in cryptocurrency. An OSC spokesperson did not confirm the investigation but said, “Given the potential harm to Ontario investors, we are looking into this matter.” Although Canada does not have a wider crypto regulation, it has taken actions against illegal forms of financial activities, including stopping ICOs that violated security laws. Allan Goodman from Goodmans LLC, a prominent technology company, asked: “Should (QuadrigaCX) have been registered as an exchange and were any securities laws breached with respect to the trading of the coins on the exchange?” Given the authorities have yet to have a broader coverage of crypto and related financial services, the British Columbia Securities Commission had said earlier that the case was outside its scope of authority: “[BCSC] does not currently have any indication that QuadrigaCX, the crypto asset trading platform, was trading in securities or derivatives or operated as a marketplace or exchange under British Columbia securities laws.” However, with OSC now saying it is looking into the issue, there appears to be some hope for traders to get their investments and money recovered. Cotten was the only person who had access to the main wallet on his laptop, which stored most of the exchange’s digital currencies. With many traders accusing it a scam and fraud, they turned towards the courts, but a judge gave the exchange a 30-day stay to try and access the wallet to return traders their funds. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post QuadrigaCX Traders Await Rescue by Canadian Regulators appeared first on BitcoinNews.com.
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By Talha Dar on Feb 11, 2019 06:17 am
Argentinians can now pay for the state public transport system Sistema Único de Boleto Electrónico (SUBE) with Bitcoin. This has been made possible by Alto Viaje, the platform that is used to top up commuter SUBE cards, in a partnership with Bitex. Bitex is a blockchain-based platform that offers financial services to businesses. The SUBE card is used by nearly 7 million commuters across 37 points in the country that include railways, bus and subway systems. Bitex CMO Manuel Beaudroit pointed out the statistics, emphasizing that such a large user base was the perfect point for support of the world’s largest cryptocurrency. In his words, the partnership’s objective was to provide people with access to “such a revolutionary technology, as Bitcoin”. SUBE’s Alto Viaje, the platform through which the transport cards are topped up, is backed by Argentina’s Nacion Servicios SA, a subsidiary of the central bank itself, the Banco de la Nación Argentina. Argentina has seen a lot of development in the cryptocurrency sphere last year. The ongoing economic crisis in the country has meant a lot of the population is heavily investing in cryptocurrencies. Even with being notorious for their volatility, digital tokens offer a less risky form of money holding as the country’s inflation rate continues to rise. The support of Bitcoin as a means of payment at the state level perhaps indicates that the authorities realize what benefits cryptocurrencies can have. Blockchain voting project Democracy Earth developer Santiago Siri has gone so far as to suggest that the central bank of Argentina should have at least 1% of the national reserves in the form of Bitcoin. LocalBitcoins, the over-the-counter crypto trading platform, saw trade volume from Argentina in the 2018 jump from 13% to more than 33,153%, representing an astounding 2,550 times increase. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post Argentinians Can Now Use Bitcoin for State Transport appeared first on BitcoinNews.com.
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By Harold Vandelay on Feb 11, 2019 05:59 am
The HTS Haasonline Trade Server has made its mark in the industry, with thousands of active users now won over by the company’s fully-featured “work whilst you sleep” trading platform. With an announcement that Version 4 is scheduled for later this year, those traders who are unable to devote time to being tied to round the clock monitoring of their trading will be gaining another level of security and peace of mind from what has become a premier cryptocurrency trading platform. Trading bots introduce another facet to online trading and as a result, 24/7 trading is fast becoming obsolete with companies like Haasonline providing new innovative services. Those new to the industry and to cryptocurrency trading can also be beneficiaries of Haas’s use of bot technology, allowing them to learn the skills of trading whilst gaining the protection of a valuable backstop capable of infallibly completing the trade if human error intervenes. Instant trading is guaranteed with HTS, and once fully automated, traders can trade 365 days a year using their own nominated trading strategy. These HTS fully integrated features are designed for ease of use and to ensure complete trading confidence. HaasBots can use technical indicators like RSI, MACD, and Fibonacci. As well as proprietary Safeties and Insurances to keep user investments safe. Historical and Real-Time Backtesting enables the trader to use historical and real-time data to simulate their custom HaasBot’s trade strategies. These can also monitor how HaasBot performs in an often volatile market, whilst adapting to varying conditions. The company offers its users a range of plans from Beginner to Advanced pre-built bot types and supports trading on all major cryptocurrency exchanges. The platform also benefits by being capable of a simple adaptation for unsupported exchanges utilizing a HaasBot API driver. The HaasOnline team has listened to its users; the benefits of this to their community is that the software is fully supported, even to extent of releasing the HaasOnline Software wiki to enable a smooth set up. The wiki is complete with extensive tutorials, definitions, and guidelines to support users through mastering the 3.0 version software. CEO Stephan de Haas has clearly not sold his customers short, offering up to 15 different bots from those that work with a portfolio of cryptocurrencies to those that specialize in cryptocurrencies with a higher market price to the Flash Crash Bot, a popular bot which sets pre-orders above and/or below a specified base price. With an update set for this year, HaasBot is staying ahead of the field for 2019, as it hones its already successful formula. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: Haas Online The post HaasBot Automated Trading Puts an End to Sleepless Nights with New Version Set for Q4 appeared first on BitcoinNews.com.
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By Harold Vandelay on Feb 11, 2019 05:41 am
Cryptocurrency exchange ABCC, launched in April 2018, is the first true cryptocurrency exchange that could really boast a commission-free trading experience to its users. Since launching, the exchange has moved from strength to strength, providing a genuinely user-centric trading experience. Its mission to provide open a frictionless blockchain-based trading service has gained ABCC numerous accolades, such as from TRON’s CEO, Justin Sun, who recently wrote: “ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it’s the first exchange listing #TRX10 tokens. #TRON #TRX $TRX.” The new partnership between ABCC and TRON is sure to give the former even greater client volume given TRON’s recent acquisition of peer-to-peer file sharing platform BitTorrent and the subsequent announcement of the BitTorrent Token (BTT). This is ABCC’s latest coup, and by partnering with TRON (TRX), it becomes the first exchange to gain rights to TRON’s TRC10 technical standard tokens. The exchange has recently announced this support for the BitTorrent (BTT) Airdrop Program for TRON (TRX) holders on the platform, giving users even more options to existing trading. ABCC exchange is always eager to expand, and innovative campaigns and airdrops, such its latest BTT project, are typical of the platform’s forward-thinking stance within the market, with support for a monthly airdrop program of BTT with a snapshot of TRX balances at 8:00 (UTC+8) on the 11th day of each month. For the first airdrop, ABCC will take snapshot of all TRX balances on ABCC at block height 6,600,000 (estimated to be 11 February 2019) and distribute BTT to TRX holders at a ratio of 1 TRX = 0.11 BTT. The TRC10 tokens come with some advantages over the TRC20 token protocol, which is the standard that is utilized for smart contracts within the TRON blockchain and the implementation of tokens on the network using the TRON Virtual Machine (TVM). The TRC10 protocol also offers ease-of-access for developers with transaction fees approximately 1,000 times lower than TRC20 tokens, making it ideal for those seeking to issue an initial coin offering. Despite having launched in an enduring bear market, the ABCC exchange has gone from strength to strength with 24-hour trading volumes of around USD 25 million across 100+ trading pairs. With ABCC continuing to bring cryptocurrencies and blockchain technology into mainstream use, the offering of early access to TR10 tokens has added to its rapidly growing credentials. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: ABCC The post ABCC’s Partnership with TRON Bodes Well for the Future with TRX Token Offering appeared first on BitcoinNews.com.
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By Peter on Feb 11, 2019 03:46 am
$100… a good round number that sellers failed to go through even with the second attempt. In the previous analysis, we wrote that $100 was a critical point for this coin and because of the lack of desire of buyers to buy ETH there is the probability of the fall continuation to $90-93. Nevertheless, sellers did not have the strength and the desire to reduce the price. If you compare the aggression with which sellers pushed the price down from 9 January, you can see that the main volumes of sellers were absorbed by buyers in the price zone of $115-120: Further, after breaking through this zone, sellers lost interest in continuing price reductions and after a small consolidation, buyers began their attack. At the moment, we see only one candle with increased volume and this is not a strong signal about the future price increase. It is important that buyers can stay in the price zone of $115-120. Only in this case, when everyone will see that at seller attempts of trying to continue the fall, buyers control the situation and we can expect a further increase in prices. At the moment, the price is still in the falling channel, which was held from 7 May 2018: Also, the chart clearly shows that the range of $100-120 contains the largest volumes of market participants. Therefore, for global growth, buyers need to keep firmly above this price range on the big timeframe. As for the mood of buyers, at this moment we do not see the confidence and the great desire to buy: Margin positions of buyers are in consolidation. Looking at the marginal positions of sellers, we can conclude that local growth which began two days ago was due to a sharp closure of sellers’ positions: If you build the Fibonacci levels at the low from 7 December and at the high from 5 January, we can conclude that sellers were able to adjust growth from 17 December by 78.6%. If we analyze the wave Y (the last wave of correction that began from 5 January), then we see that the wave c = 0.618 * a: The sellers twice tried to go through this level and after the failure began to close their positions. Regarding the critical points for this coin, buyers need to keep a price of $110 and fix it above $130-135. In this case, we will be able to assert that the 8-month fall trend has finally ended and the first target is $186, and the potential target is $240. However, we are curious to see what will be the answer of sellers to the prospects for such a price. On a weekly timeframe, we see that although the present weekly candle completely absorbs the two previous red candles, all this happens on a small volume: That’s why the next week promises to be interesting. Therefore, we expect the confirmation of the strength of buyers at critical points in order to more confidently state the targets and price movements in our next forecast. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. About the Author: Peter Oleshchuk is a trader and technical analyst. He has spent two years studying and analyzing the crypto market. Image Courtesy: Bitcoin News The post BitcoinNews.com Ethereum Market Analysis 10th February 2019 appeared first on BitcoinNews.com.
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Recap - Day in Crypto - BitcoinNews.com for 02/11/2019