Bitcoin (BTCUSD) is trying to resume its massive rally but remains vulnerable to a deeper slide this week with the weekly RSI and Stochastics overbought, and the daily MACD hinting at a negative crossover attempt. On the weekly chart, BTCUSD is above former upchannel resistance, with BTCUSD attempting to trade within a larger range defined by…
Key Highlights Osaka may be the “Crypto Bretton Woods” in terms of significance to the global economy Unlike the current economic system, crypto is “rising from the ground up” and is being forced on the global elites “Science-fiction is becoming fact and happening in a way they [governments] can’t ignore.” In the latest episode of…
Ripple (XRPUSD) is bumping up against ascending triangle resistance (on the daily chart) and the psychologically key 0.5 whole figure level. A break above this multiple resistance zone in the next week or so will likely be quickly followed by a test of the psychologically key 0.75 level. XRPUSD is a prime candidate in the next few…
The recent move by the U.S. government to blacklist Huawei has been causing a lot of commotion. The decision by the U.S. to ban Huawei has invited speculation as to the reasoning, although the main point cited by the Trump administration is the issue of national security. While the whole situation is multi-faceted, the trepidation…
The specter of Facebook clicking “like” on Bitcoin adds fuel to what can best be called a resurrection rally. Left for near dead a few months ago, the best-known crypto asset boomed partly on reports Mark Zuckerberg would unveil a digital currency. Now that Facebook’s Libra is out, it could be stellar news -– a…
Facebook today unveiled its long rumored cryptocurrency, which will be known as Libra, and you won’t need a Facebook account to use it. That’s because Facebook says it wants to help those without bank accounts. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open…
Hong Kong – The fallout from a controversial extradition bill proposed by Hong Kong’s pro-China Chief Executive Carrie Lam has reportedly triggered capital flight and Bitcoin trading at a premium in the city. Massive demonstrations against the bill, including one that saw an estimated 2 million of Hong Kong’s 7.5 million people march on Sunday,…
Bitcoin (BTCUSD) is resuming its uptrend after spending the first 2 weeks of H219 consolidating in the ~7500-8500 range, with BTCUSD bulls now eyeing the next major psychologically key whole figure level of 10k. Although overbought on the weekly and daily Stochastics, the upsloping weekly MACD suggests any dip this week towards uptrend/ascending wedge support…
Legal & General, Britain’s largest manager of corporate pensions, today announced the launch of the first reinsurance platform driven by blockchain. Known as ‘estua-re,’ it will initially be used to handle bulk annuities, which involve L&G taking over companies’ defined benefit or final salary pension schemes. “We believe that blockchain is uniquely suited to the…
Key Highlights The Kik case is the first case that the SEC has brought in litigation that has been contested by the company where there are no allegations of fraud “The SEC has made clear that virtually all ICOs are going to be treated as offerings of securities.” Even if a company is offering ICOs…