DASH and Litecoin Analysis December 27, 2017

DASH/USD DASH continues to be very noisy during the trading session on Tuesday, as the $1200 level offers resistance. We are getting close to the overbought part of the stochastic oscillator on the 4 hour chart, so perhaps more sideways action is to be expected. I also recognize that the $1000 level underneath is massively supportive, so we may retest that area to find more buyers. If we break above $1200 though, that could be a very bullish sign. LTC/USD Litecoin continues to go sideways as well, essentially going nowhere. The volume is almost nonexistent in this market as we are in the middle of the holiday trading season, and right now it looks more likely that we will drift towards the $250 level than anything else. Breaking above $300 would be a very bullish sign though. Thanks for watching, I’ll be back tomorrow. The post DASH and Litecoin Analysis December 27, 2017 appeared first on NEWSBTC.

Ethereum Analysis December 27, 2017

ETH/USD Ethereum rose slightly against the US dollar during the trading session on Tuesday, as we continue to grind higher. However, the $760 level has offered resistance again, so it remains to be seen whether we can hang onto these gains. For what it’s worth, the stochastic oscillator has crossed over in the overbought condition on the 4-hour chart, so we may need to pull back a little bit to build up enough momentum to break out to the upside. Volume is almost nonexistent. ETH/BTC With Bitcoin rallied a bit during the trading session it’s not a huge surprise that this market rolled over and could not hang above the 0.05 level for a significant amount of time. If we break down from here, there is a potential uptrend line below, but I think we could be looking at a move towards the 0.04 handle. Nonetheless, this is a very ill liquid market right now, so these moves don’t actually mean much. Thanks for watching, I’ll be back tomorrow. The post Ethereum Analysis December 27, 2017 appeared first on NEWSBTC.

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Bitcoin Analysis December 27, 2017

BTC/USD Bitcoin rallied a bit during the trading session on Tuesday, reaching towards the vital 16,000 level. If we can break above there, then I might be convinced that we are going to revisit the highs. However, this was done on extraordinarily light volume, and that does give me a bit of concern. Because of this, you should be very cautious about this market, as we could just as easily rollover. One thing that I cannot help but notice is that most of the strong volume is on red candles. BTC/JPY Bitcoin rallied during the trading session against the Japanese yen as well, reaching towards the ¥1.8 million level. The ¥2 million level above is the next major barrier, and it remains to be seen if we can continue. We are in the overbought section of the stochastic oscillator, so I suspect that it will take more than one attempt to break above ¥2 million. Thanks for watching I’ll be back tomorrow. The post Bitcoin Analysis December 27, 2017 appeared first on NEWSBTC.

Crypto Trust Network $CTN ICO Launches: It’s Time to Bring Trust Back to the...

With over $220m lost to crypto criminals in 2017, BTC’s surge, and new mainstream interest, the cryptocurrency marketplace is in dire need of new security tools – and CTN delivers London, England – December 26th, 2017 – Technology company Crypto Trust Network today announced the launch of their highly-anticipated Token Sale for their ERC20 token, the CTN. The company aims to reduce fraud and theft in cryptocurrency through a selection of tools for exchanges, wallets, and merchants. The tools reduce exposure to risk by adding an extra layer of trust to transactions such as identify verification, trust rating, and data analysis for wallet and transaction portfolio. While fraud and theft have always been an issue, 2017 saw a marked increase in incidences. In January 2017, 1 Bitcoin (BTC) cost an average of $969. Just eleven months later, that same Bitcoin is set to steamroll through the $20,000 barrier. With alt coins also exploding in a bullish marketplace, people with less than honest intentions have also crowded the space, adding even more risk to the marketplace. “2017 was a watershed year for cryptocurrency, and it has erupted outside of its former nerdy space onto the public stage – it is bigger than Taylor Swift, Beyonce, and all the Kardashians combined. However, this new popularity does mask a big problem: crypto is risky, and unlike banking, this is an unregulated industry with few of the safeguards that are offered by traditional banking,” said Jim Dowling, CEO of Crypto Trust Network. “This is the issue that we are solving. Enthusiasts talk about ‘trustless’ networks. While they are a good thing, we need to build more trust and security into cryptocurrency so people – especially mainstream investors – reduce their vulnerability to fraud, theft, phishing, and service breaches.” The Token Sale for CTN will open to the public at 6:00pm GMT on December 22nd, 2017 and will complete when either the hard cap of 10,500,000 CTN issued is reached or at 6:00pm GMT on January 22nd, 2018. CTN tokens are valued at $1 (USD) and minted as they are sold. Participants will purchase their tokens using Ethereum (ETH). the rate of tokens per ETH is to be determined one hour prior to the sale, and Crypto Trust Network also confirmed that the first 2,000,000 tokens sold would come with a 20% bonus. Find out more about the Crypto Trust Network by watching the video below: https://www.youtube.com/watch?v=qchi8ZToF9w For more information about Crypto Trust Network and to read the company’s white paper, please visit http://www.cryptotrust.network. To find out more about the token sale and how to participate, visit https://medium.com/@cryptotrustnet/participating-in-the-ctn-token-sale-5f07eeb82bad. For media inquiries, please contact Jim Dowling at +64 027 954-4155 or email him at [email protected] About Crypto Trust Network Crypto Trust Network is a platform which aims to make the cryptocurrency industry safer. It does this through tools which help crypto companies to protect their customers by reducing fraud and identifying high-risk transactions. For more information about the company, its mission, and the ICO, please visit the Crypto Trust Network’s website. Website:https://www.youtube.com/watch?v=qchi8ZToF9wWebsite: https://cryptotrust.network Twitter: https://twitter.com/CTNCrypto Reddit: https://www.reddit.com/r/CryptoTrustNetwork/ Medium: https://medium.com/@cryptotrustnet Telegram:https://t.me/cryptotrustnetworkZDNet:http://www.zdnet.com/article/the-most-high-profile-cryptocurrency-data-breaches-vulnerabilities-and-disasters-in-2017/ CNBC: https://www.cnbc.com/2017/11/21/confido-ico-exit-scam-founders-run-away-with-375k.html Investopia:https://www.investopedia.com/news/phishing-scams-have-cost-ico-investors-225m/ This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Wells Fargo Securities Says Bitcoin Crash Could Drag down Stock Prices

The post Wells Fargo Securities Says Bitcoin Crash Could Drag down Stock Prices appeared first on CCN If the alleged Bitcoin bubble bursts, it could affect the stock market as well, according to Wells Fargo. The post Wells Fargo Securities Says Bitcoin Crash Could Drag down Stock Prices appeared first on CCN

Bitcoin Crash Could Drag down Stock Prices: Wells Fargo Executive

The post Bitcoin Crash Could Drag down Stock Prices: Wells Fargo Executive appeared first on CCN If the alleged Bitcoin bubble bursts, it could affect the stock market as well, according to Wells Fargo. The post Bitcoin Crash Could Drag down Stock Prices: Wells Fargo Executive appeared first on CCN

Novogratz Shelves Hedge Fund Plans, Thinks Bitcoin Will Drop to $8,000

Bitcoin bull Mike Novogratz has shelved plans to launch a cryptocurrency fund, claiming that its price could drop as low […] The post Novogratz Shelves Hedge Fund Plans, Thinks Bitcoin Will Drop to $8,000 appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Dogecoin Hits a Penny

This past year has seen massive gains for many cryptocurrencies. We know of the big names, Bitcoin, Litecoin, Ethereum, and IOTA. One cryptocurrency which has also had a huge rise this past year that many do not consider is Dogecoin. At the time of writing, one Dogecoin is worth one penny (and is also worth one Dogecoin). Dogecoin hits a penny Considering that earlier this year, a penny could buy you between 3-5 doge, this is huge. It has been an early Christmas gift to the Dogecoin community, and it has catapulted the currency back into the top 35 cryptos on CoinMarketCap. Previously, Dogecoin was hovering somewhere around #40-50 in the rankings. The old joke coin still has some bite to it, and the coin’s tenacity is upheld and strengthened by its great community. Even at its current price, Dogecoin is still cheap and forgiving enough as an entry point to cryptocurrencies, I believe. Perhaps that, along with some other market conditions (both known and unknown) are responsible for the price going up, since there are many new people coming into crypto and Dogecoin is an excellent model/example of how many blockchains work. The downside to the penny While this development is very positive and will help give more exposure to the community, Dogecoin’s set fee of one doge per transaction is getting costlier and costlier. Transaction fees rise and fall parallel to the price of Dogecoin. While the fee is still only a penny, this is about four times as much as it was earlier this year. I’m not really complaining, but it is something to keep in mind. Ultimately, price shouldn’t matter One of the reasons I think Dogecoin has performed as well and lived as long as it has is because the price doesn’t really matter for many in the community. Go to its subreddit and just see how many comments on hype posts are “1 doge = 1 doge.” And this is a very good point. Community is what gives value to money. Money without communities isn’t worth anything. It would be interesting if other crypto communities viewed their coins in the same way, as a standalone – something that was a non-correlated asset. Instead of bemoaning paying 10,000 BTC for two pizzas because of what that would be worth in USD now, people would just say, “Yeah, those pizzas cost 10k BTC.” It would bring crypto closer to being a community of users, rather than a community of speculators. At least, that’s my two doge.

Belarus Legalises Cryptocurrencies to Lure Foreign Investment

When most people think about high-tech innovation, the former Soviet bloc is probably one of the last places on Earth that springs to mind. However, Belarus is making efforts to change that. Thanks to a progressive piece of legislation that was signed into law last Thursday, President Alexander Lukashenko is hoping that the brightest minds and most innovative companies from the fintech and blockchain space will choose to call his nation home. The law legalises cryptocurrency transactions amongst other provisions. It’s hoped that these will drive private sector growth in a State that has been burdened with an overbearing bureaucracy that was left behind after the fall of the communist regime in the early 1990s. By liberalising the economy, it’s thought that the nation will be able to attract greater levels of foreign investment. In somewhat poetic language, Lukashenko spoke of his plans to create an environment suitable for technological innovation earlier this month: “All smart and intelligent people know what stability and order are… They’re all trying to reach that shore. We’re prepared to arrange a dock and even a harbour.” The presidential decree will make it legal for citizens to participate in initial coin offerings, as well as for companies planning them to run their operations from Belarus. It will also legalise all cryptocurrency transactions, as well as giving those making them a tax break for the next five years. In addition, provision is being made to allow companies relief from the often-confusing Belarusian legal system. Instead, they will partially be governed by English law. Denis Aleinikov, a partner at a Minsk-based law firm and main author of the law, spoke to Reuters about the hurdles foreign companies encountered, prior to the change in legislation: “We regularly faced legal problems. When a Western company buys a Belarusian company they try to structure the deal outside Belarus… Investors don’t want to deal with Belarusian legislation.” It’s hoped that the decree will provide a haven for fintech companies who are often trying to innovate in unsure legal climates around the world. The security provided by a friendly legislative will surely prompt greater innovation. This will be mutually beneficial to the companies, their employees, the industry at large, and the government of Belarus. Anton Myakishev of Microsoft Belarus elaborated: “It gives the industry the possibility to make a leap forward in its development and allows foreign capital the possibility to come to Belarus and work in comfortable conditions.” The post Belarus Legalises Cryptocurrencies to Lure Foreign Investment appeared first on NEWSBTC.

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