Category Crypto Currency

South Korea to Inspect 3 Banks Over Cryptocurrency Exchange Compliance

South Korea’s primary financial regulator has confirmed upcoming inspections of three major domestic banks that provide services to cryptocurrency exchanges over their compliance with new AML norms. In a statement on Monday, the Financial Services Commission (FSC) said it will be conducting on-site inspections of Nonghyup Bank, Kookmin Bank and Hana Bank between April 19 The post South Korea to Inspect 3 Banks Over Cryptocurrency Exchange Compliance appeared first on CCN

NEO Price Will Likely Drop to $45 As Market Momentum Remains Bearish

Any positive cryptocurrency market momentum remains pretty difficult to come by. Even today, it seemed as if a positive trend would finally materialize, yet most of the top 20 currencies are in the red once again. The NEO price is one of the few exceptions in this regard, even though the going remains pretty tough for this altcoin. NEO Price Gain is Being Crushed As one would almost come to expect these days, there is little to no room for long-term passive cryptocurrency market momentum. Whereas it seemed things were off to a good start two hours ago, most of those gains have been eradicated every since Rest assured this is not the last of the bearish pressure either, as there is still a decent amount of volatility in the industry as of right now. For the NEO price, 2018 has been absolutely terrible. Dropping from a value of $157 all the way to sub-$50 is not positive for any asset or cryptocurrency. As of right now, we are looking at a NEO price teetering on the $50 mark, although it seems evident this value will not be maintained for much longer. All markets are turning bearish again, and the NEO price will need to follow. Even though the NEO price notes a solid 10.42% gain over Bitcoin, that won’t be enough to keep things going. As of right now, Bitcoin is getting hammered into the ground, and it will continue to drag all other cryptocurrencies with it in the process. A NEO price of $45 seems more realistic at this point, although that may not even be the bottom, for all we know. The NEO trading volume is still pretty impressive, although it seems the sellers will take control of the market fairly soon. With $214.19m in 24-hour trading volume, NEO is one of the most liquid altcoin markets outside of the top five right now. It is evident this volume is mainly made up of buyers right now, but rest assured the profit takers will soon have their way with the NEO price. It comes as no surprise to anyone Binance is the leading trading platform for NEO right now. Its BTC and USDT pairs, as well as the ETH pair, generated a total of 47.6% of all trades. Other notable exchanges in the top five are Bitfinex and Upbit, as both of these companies offer fiat currency gateway trading for this altcoin. It seems the KRW market generates over twice the volume of its USD counterpart, which is not entirely uncommon either. How things will play out for the NEO price, is still up in the air. As of right now, it seems a dip below $50 will materialize a lot quicker than people would like. Unless NEO can continue to gain on Bitcoin over the next few hours, we may very well see a NEO price of $45 by the end of today. The search for positive market momentum continues, but so far, it’s not within sight.

NAGA Has Scheduled a Special Q&A Event Today to Present the WALLET

NAGA has announced that it is going to hold a live Q&A session, hosted by the company’s Founder and Executive Director Benjamin Bilski. The session, set to go live on April 9, 2018 at 5:00 PM (CET) will be all about the NAGA Wallet. Bilski will be announcing the launch of NAGA Wallet and several of its groundbreaking features that can potentially revolutionize the cryptocurrency wallet industry forever. Those interested to know more about the NAGA Wallet and other developments in the platform’s ecosystem can join the Q&A session at this link – https://youtu.be/xxzB8naeTdc. Some information about the NAGA Wallet has already been published on https://naga.com/wallet/ About NAGA Wallet NAGA Wallet is the first fully automated, user-friendly cryptocurrency wallet application in the cryptocurrency industry. Users on the upcoming platform will be able to convert or exchange cryptocurrencies to their trading account. They can also load funds into it and take part in any token sale involving ERC20 tokens. The NAGA Wallet can also be connected to stock, forex, CFD and commodity trading platform for seamless trading. It is also available in more than 10 languages, making it an universal platform. Join the Q&A here: https://youtu.be/xxzB8naeTdc The post NAGA Has Scheduled a Special Q&A Event Today to Present the WALLET appeared first on NewsBTC.

NAGA Announces a Special Q&A Event Today to Present the NAGA WALLET

NAGA has announced that it is going to hold a live Q&A session, hosted by the company’s Founder and Executive Director Benjamin Bilski. The session, set to go live on April 9, 2018 at 5:00 PM (CET) will be all about the NAGA Wallet. Bilski will be announcing the launch of NAGA Wallet and several of its groundbreaking features that can potentially revolutionize the cryptocurrency wallet industry forever. Those interested to know more about the NAGA Wallet and other developments in the platform’s ecosystem can join the Q&A session at this link – https://youtu.be/xxzB8naeTdc. Some information about the NAGA Wallet has already been published on https://naga.com/wallet/ About NAGA Wallet NAGA Wallet is the first fully automated, user-friendly cryptocurrency wallet application in the cryptocurrency industry. Users on the upcoming platform will be able to convert or exchange cryptocurrencies to their trading account. They can also load funds into it and take part in any token sale involving ERC20 tokens. The NAGA Wallet can also be connected to stock, forex, CFD and commodity trading platform for seamless trading. It is also available in more than 10 languages, making it an universal platform. Join the Q&A here: https://youtu.be/xxzB8naeTdc The post NAGA Announces a Special Q&A Event Today to Present the NAGA WALLET appeared first on NewsBTC.

Lightning Labs Chief: We’re Entering a ‘Bitcoin, not Blockchain’ World

The tables have turned on bitcoin doomsayers. This according to Elizabeth Stark, co-founder of Lightning Labs in a conversation with Yahoo Finance The Final Round. In a turn of events, cryptocurrencies have begun to steal the show again away from blockchain. It’s a far cry from the San Francisco startup’s earlier days when Lightning decided The post Lightning Labs Chief: We’re Entering a ‘Bitcoin, not Blockchain’ World appeared first on CCN

DMFX Financials Launches a “Mini Conference” in London

Cryptocurrencies -Mini Conference – London , BMA House DMFX Financials is specialized in the organizing of financial events with the main topics of Trading, Cryptocurrencies, ICO’s and the Blockchain technology. The participants are mostly people who would like to invest in these new currencies, without necessarily having a great knowledge of the subject. The “Mini-Conferences” are hosted purposely to have up to 300 attendees or below. They only focus on keynote speakers with different expertise in cryptocurrencies and they are being organized to make people discover the different opportunities of investments in the Cryptocurrency world. There’s also a big conference that is being planned for at the end of the year in Switzerland, a great opportunity for the ICO’s and trading platforms to brand themselves and connect with the attendees directly The next Conference will be hosted in London, June 15th, 2018 at the BMA House. The sale has just started and all the information can be found now on their website: http://dmfx-financials.com/ One of the main goals of the conferences is also to create a direct connection between different cryptocurrencies ICO’s / Startups / Trading platforms, face to face with the attendees so they can have a reliable business and feel more secure with their investments. About DMFX Financials: DMFX Financials, is a financial events company based in Budapest, Hungary.Founded in 2017, DMFX Financials had launched the first successful event at the Budapest Marriott 5 Stars Hotel: http://dmfx-financials.com/gallery.php, also, a video from the event is available on the website. Daniel Maarek the CEO and Founder of DMFX Financials will be interviewed with Forbes “leaders talk” show and the video will be soon available on Forbes France website. The post DMFX Financials Launches a “Mini Conference” in London appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Ethereum Sweepstakes Delivers the Best Odds Ever to Win 1.5 M ETH

This is a submitted sponsored story. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the The post Ethereum Sweepstakes Delivers the Best Odds Ever to Win 1.5 M ETH appeared first on CCN

UK Watchdog to Publish its Review on Cryptocurrencies Later this Year

Britain’s financial regulator and markets watchdog outline its policy thinking on cryptocurrencies with a review to be published later this year. In revealing its business plan for the coming financial year, the Financial Conduct Authority (FCA) underlined cryptocurrencies as ‘an area of increasing interest for markets and regulators globally’. While admitting that cryptocurrencies do not The post UK Watchdog to Publish its Review on Cryptocurrencies Later this Year appeared first on CCN

Why $8 Billionaire Soros is Investing in Bitcoin and Cryptocurrency Suddenly

Opinions on cryptocurrencies are very far apart as of right now. It seems there are fewer people who consider this industry to be a bubble. George Soros is a notorious example in this regard. Earlier this year, he claims Bitcoin is a bubble. It seems that comment helped push the price down, which may have been the plan all along. The Curious Case of George Soros Few people were surprised when George Soros claimed Bitcoin is a bubble. In January of 2018, he described cryptocurrrency as a bubble and a misnomer. Moreover, Bitcoin can’t be labeled as a currency because it’s not a stable store of value. All of these comments hold some sort of truth, but they are not entirely factual either. The volatility associated with Bitcoin has been well-documented in the past. It seems the year 2018 brings us more of the same,. During the first few months, we have seen a lot of bearish Bitcoin price pressure. George Soros considers this to be one of the biggest drawbacks about Bitcoin. Even so, it is possible his comments are designed to purposefully drive the price down altogether. Wall Street players did not take kindly to the Bitcoin price hitting $19,000 late last year. Whether or not the comments by George Soros attributed to the price decline, is always a big question. It is evident Soros is often considered to be a guru became of his “strategic calls based on macroeconomic conditions”. Even so, claiming Bitcoin is a bubble is perhaps the worst assessment of his career. In fact, it seems he did a complete 180-degree turn on cryptocurrencies altogether. The Cryptocurrency Investment Decision Now that the Bitcoin price has dipped quite a bit, George Soros prepares to invest in cryptocurrency. This rather odd decision only fuels speculation involving price manipulation. Even though George Soros still considers digital currencies to be not “actual currencies”, the volatility has suddenly turned him into a believer. Such a sudden change of heart is often part of a bigger agenda. For the time being, it seems Soros is quite happy with the way things are going for Bitcoin. With the big dip in place, it seems things may improve from here on out. He is not the first Wall Street mogul to invest in cryptocurrencies either. Alan Howard and the Rothschild family are taking very similar steps in this regard. It seems the interest in cryptocurrency is only growing, even among financial experts. The big question is whether or not cryptocurrency prices can rebound. Right now, it seems the situation is still brittle, as things can change pretty quickly. Even so, the bearish pressure has been prevalent for a very long time. Sooner or later, things will need to improve again. Bitcoin’s price may very well return to the five-digit range in the future. How long that process will take, is anybody’s guess at this point. The post Why $8 Billionaire Soros is Investing in Bitcoin and Cryptocurrency Suddenly appeared first on NewsBTC.

Cardano Price Technical Analysis – ADA/USD’s Upside Drift

Key Highlights ADA price started a nice upside move from the $0.1400 level and moved above $0.1500 against the US Dollar (tethered). There is a key bullish trend line forming with support at $0.1550 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may correct a few points, but it remains supported above the $0.1520 level in the near term. Cardano price moved in a positive zone against the US Dollar and Bitcoin. ADA/USD is now well above $0.1500 and it may continue to grind higher. Cardano Price Trend After a substantial decline, ADA price found support around the $0.1400 level against the US Dollar. The price formed a solid base at $0.1400 and started an upside move. There was a break above the $0.1450 resistance and the 100 hourly simple moving average. Moreover, there was a break above the 50% Fib retracement level of the last decline from the $0.1763 high to $0.1400 low. More importantly, there was a break and close above the $0.1575 resistance, which is a positive sign. At the moment, the price is struggling to break the $0.1650 resistance. Additionally, the 61.8% Fib retracement level of the last decline from the $0.1763 high to $0.1400 low is also acting as a resistance. Therefore, the price may correct a few points in the short term towards $0.1500. On the downside, there is a key bullish trend line forming with support at $0.1550 on the hourly chart of the ADA/USD pair. A downside move from the current levels remain supported near $0.1550 and $0.1500. On the upside, the price has to surpass $0.1650 for more upsides. Above this last $0.1650, the price may continue to move higher towards the $0.1750 level in the near term. Hourly MACD – The MACD for ADA/USD is back in the bullish zone. Hourly RSI – The RSI for ADA/USD is moving lower toward the 50 level. Major Support Level – $0.1500 Major Resistance Level – $0.1650 Charts courtesy – Trading View The post Cardano Price Technical Analysis – ADA/USD’s Upside Drift appeared first on NewsBTC.