Welcome, Guest
You have to register before you can post on our site.



Search Forums

(Advanced Search)

Forum Statistics
» Members: 62
» Latest member: stephanyortega
» Forum threads: 241
» Forum posts: 817

Full Statistics

Online Users
There are currently 17 online users.
» 1 Member(s) | 16 Guest(s)

Latest Threads
can i have your introduct...
Forum: Reviews
Last Post: stephanyortega
Today, 11:11 AM
» Replies: 0
» Views: 3
Russia Will 'Never' Consi...
Forum: News From Cryptocurrency Market
Last Post: admin
Today, 09:55 AM
» Replies: 0
» Views: 5
Chain Group Service
Forum: Proofs of payment
Last Post: admin
Today, 07:46 AM
» Replies: 92
» Views: 2,500
Wt Capital Trade - Wtcapi...
Forum: Proofs of payment
Last Post: admin
Today, 07:16 AM
» Replies: 7
» Views: 76
Coinbase Custody Targets ...
Forum: News From Cryptocurrency Market
Last Post: admin
11-20-2017, 09:49 AM
» Replies: 0
» Views: 37
BestInvestments - Automat...
Forum: Reviews
Last Post: admin
11-20-2017, 06:33 AM
» Replies: 0
» Views: 59
Miningbot - Miningbot.io,...
Forum: Proofs of payment
Last Post: admin
11-17-2017, 05:38 AM
» Replies: 2
» Views: 28
Monetary Authority of Sin...
Forum: News From Cryptocurrency Market
Last Post: admin
11-16-2017, 12:57 PM
» Replies: 0
» Views: 88
Dutch Financial Regulator...
Forum: News From Cryptocurrency Market
Last Post: admin
11-15-2017, 12:43 PM
» Replies: 0
» Views: 16
Bitcoin Cash Network Comp...
Forum: News From Cryptocurrency Market
Last Post: admin
11-14-2017, 10:24 AM
» Replies: 0
» Views: 23

  Japan’s Finance Industry Embraces Bitcoin Mining
Posted by: admin - 10-06-2017, 10:10 AM - Forum: News From Cryptocurrency Market - No Replies

Japan’s major players in the financial industry are eyeing bitcoin mining with a goal of generating new revenue. They also hope to help set the ground rules for using bitcoin. In early September Japan’s GMO and DMM.com said they were moving into the mining space. Both companies have started crypto and bitcoin exchanges. 
Also read: Greek Court Supports Extradition of Former BTC-E Operator Alexander Vinnik
An Asia Nikkei article summarized: “Some of the middlemen that cryptocurrencies were designed to cut out are getting into the virtual mining business. With Japanese eagerly buying into bitcoin and similar currencies, SBI HoldingsGMO Internet and other online securities companies hope to turn mining into a new revenue source.”[Image: shutterstock_631021112-1-150x150.jpg]
Kevin Helms, writing for news.Bitcoin.com, covered GMO’s foray into bitcoin mining last September when the company announced it. He said, “Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe.”
Why mining, why now?
With greater adoption and usage occurring in the bitcoin ecosystem, the mining rewards for bitcoin are also becoming extremely lucrative. However, an individual or organization must have a lot of dedicated resources to get involved. Currently, large mining pools are a necessary prerequisite to generating massive revenue. Combined, miners across the world collect $7.84 million a day.

Quote:According to Blockchain, a British startup, miners across the globe collectively make $7.84 million a day — 10 times more than two years ago.
This extra revenue has inspired Japan’s financial industry to secure some major mining pools. They are especially looking to maintain pools outside of Japan where electricity is cheaper. The Asia Nikkei article elaborated, saying, “But there’s the matter of keeping energy bills manageable. In August, SBI set up a new mining unit. The plan is to establish a mining base outside of Japan where electricity is cheap. Monex, meanwhile, plans to issue its own digital currency and to mine it.”
Furthermore, Japan is hoping to capitalize on China’s authoritarian rules. Since China banned ICOs and shuttered several exchanges, Japan has risen to the top in cryptocurrency and bitcoin trading. There are rumors circulating now that China might try to stamp out bitcoin mining, Japan likely sees this as an opportunity to capture a large chunk of the mining market.
Setting the Rules and Becoming a Dominant Player in the World of Bitcoin Mining
This market capture would also provide Japanese miners with a say in how the bitcoin[Image: shutterstock_545617690-150x150.jpg] protocol works. In other words, if they have a huge stake in mining, they will be able to influence some of the rules governing bitcoin. The site said, “Bitcoin is run by a dozen or so engineers, called core developers, who set rules for the currency. Miners also have a big say in this regard.”
With all the facts in perspective, it is no wonder why Japans large financial sector is looking to start mining heavily. Their timing appears to be impeccable, and they could very well secure a dominant position as a major player in bitcoin mining.

Print this item

  What is Gladius - “Decrease Load Times. Fight DDoS Attacks”
Posted by: admin - 10-05-2017, 09:47 AM - Forum: News From Cryptocurrency Market - No Replies

DDoS attacks have been around for a while now and they are becoming increasingly common when operating an online business. Cryptocurrency exchanges like Bitfinex and Kraken are a prime example of this, both of them having been DDoS’d recently, in 2017. Last year, DDoS attacks cost companies around $150 billion and, according to securelist.com, DDoS attacks are changing “from something of a novelty into an everyday occurrence”, thanks to the use of botnets.
Current DDoS protection services have multiple problems such as the outdated subscription model, slow speeds, and even lack of safety with Cloudflare itself being DDoS’d and shut down for a few hours this summer. Although hackers that perform these attacks through botnets have found a way to use distributed resources in a somewhat efficient manner, regular internet users are yet to do so.
The DDoS problem is very real, and it actually very common in the case of upcoming ICOs. As a matter of a fact, several ICOs were DDoS and had to delay their public sale, not to mention the huge reputation and economic damages they suffered hours prior to launching. This is possible because current centralized solution are extremely expensive and easy to take down and exploit.
This is where Gladius comes in.
What is Gladius and how does it work?
The Gladius Network is a decentralized platform created to protect against DDoS attacks and to accelerate websites through a CDN. To do so, Gladius will leverage a global network of participants who will rent/use their idle bandwidth to help safeguard and accelerate websites by providing DDoS protection and participating in a global Content Delivery Network (CDN).
So, how does it work? The Gladius platform will allow anyone with a computer and internet connection to install a simple piece of software and start renting out spare and underutilized bandwidth. The users who share their bandwidth resources (nodes) will then be able to handle a “a continuous stream of requests to validate website connections” and block malicious activity as a group. Gladius co-founder, Max Niebylski stated:
“Gladius kills two birds with one stone utilizing unused resources to build a robust network to make websites load faster and yet still stay strong under network flooding attacks Typically, more people means less security and certainty. However, Gladius completely flips that paradigm by using numbers to our advantage. Using the blockchain to create a network of trust enables us to spread sensitive and vital information across the globe while remaining fully encrypted.”
In the Gladius’ system, blockchain technology is used as an incentive layer, allowing users to earn Gladius Tokens (GLA) for every website request they validate. The rewards that are allocated to nodes are financed by websites looking for protection. Webmasters will to request services on the Gladius website, paying with the GLA token (Which can also be acquired on the Gladius website).
Gladius will also allow webmasters to buy Content Delivery Network (CDN) services. These services are also provided by the nodes that make up the Gladius Network, allowing them to receive a GLA reward for their services. The decentralized nature of the Gladius Network allows for much faster times,  given that clients are connected to a node that nearby, rather than connecting to a far away datacenter.
As so, Gladius is able to make websites much more efficient, allowing them to save thousands on DDoS protection subscriptions that are hardly used and to deliver content faster. All of this, while opening up a revenue stream for owners of idle/spare bandwidth who help “protect and accelerate websites across the globe”.
Read the whitepaper here.
The Gladius token & ICO
The Gladius token (GLA) is an ERC20 token based on the Ethereum blockchain. It is key component to the Gladius Network, given that it is the only currency used to buy DDoS protection and CDN services from the Gladius Network nodes. While most of the reward is allocated to the node, a small share is used for  to protocol development and support.
In order to fund the development and marketing of the network, as well as to distribute the GLA token efficiently, an Initial Coin Offering (ICO) will be hosted. The Gladius presale is happening now and the public ICO will start on the 1st of November and will last until the 30th of November, 2017. The ICO token allocation represents 60% of the total token supply and will be available for 0.002 ETH each. The ICO funding cap is 83333 ETH.

Print this item

  Sweden’s Largest Online Stockbroker Avanza Bank Adds Bitcoin Services
Posted by: admin - 10-04-2017, 08:47 AM - Forum: News From Cryptocurrency Market - No Replies

This week, Avanza Bank, Sweden’s largest online stockbroker with over 600,000 customers is now providing clients with the ability to track bitcoin and other digital assets using their account interface.
Also read: A Few Chinese Bitcoin Exchanges Bid Farewell to the Crypto-Community
Avanza Bank Offers Bitcoin Price Tracking — Says More Customers Are Investing In Cryptocurrencies
[Image: Unknown-300x90.png]The Swedish firm Avanza Bank Holdings founded in 1999 is a well-known financial establishment in the region. The brokerage service participates in the largest number of trades that take place on the Stockholm Stock Exchange. This week the financial institution announced it would provide a feature that allows a complete picture of their customer’s portfolio; including bitcoin investments. According to the bank’s press release, Avanza customers will be able to view both bitcoin and ethereum holdings.  
“More and more of our customers are investing in cryptocurrencies, and therefore it is natural that they can follow the value directly with us,” explains the stockbroker’s CEO Johan Prom.
Claes Hemberg Avanza Bank’s Savings Economist Details The Bank Did Not Ask for His Opinion
[Image: maxresdefault-1-300x169.jpg]

Avanza Bank’s savings economist, Claes Hemberg doesn’t like bitcoin.

Even though the bank is moving towards cryptocurrency services, the bank’s own savings economist, Claes Hemberg, has been very outspoken against bitcoin in the past. Hemberg is “concerned” for retail investors and believes that bitcoin is a pyramid scheme. “Instead, I look forward to the possibility that the Swedish Riksbank will offer a first serious alternative – the e-krona – within 1-2 years,” explains Hemberg this past August. Hemberg has also said that he believes bitcoin is no different than the MLM scheme Onecoin.
Hemberg isn’t bothered by Avanza choosing to look at bitcoin more closely, but also says they didn’t ask him about the decision. “Avanza is developing products that they think are good, while I say what I consider to be good for the savers,” Hemberg explains to the press.
Avanza Joins Other Mainstream Banks Worldwide Offering Bitcoin Services This Year
Avanza Bank Holdings joins a slew of other mainstream financial institutions offering bitcoin services like the U.S. firm’s Fidelity and USAA, the Slovenian bank Hranilnica Lon, and Norway’s largest internet-based bank Skandiabanken. Sweden’s Avanza brokerage group also offers customers the ability to purchase bitcoin using a voucher system.

Print this item

  Bitcoin Exchange BTCC Brings Chinese Trading to a Close
Posted by: admin - 10-03-2017, 09:27 AM - Forum: News From Cryptocurrency Market - No Replies

BTCC, an international cryptocurrency exchange with headquarters in China, has announced it has ceased all domestic trading activities.
On its website, BTCC now states that all local trading in yuan and cryptocurrencies has been officially suspended as of midday, September 30, Beijing time. The exchange stopped accepting deposits on September 27, with China-based users being advised to withdraw their funds from the exchange before the end of October.
In a tweet accompanying the closure, BTCC claims to have had the longest known lifespan for a cryptocurrency exchange, having operated for a "world record" of 2,305 days.
The closure of the exchange's China-facing trading operations comes following a statement from financial regulators on September 4, which banned developers and entrepreneurs from launching token sales (or ICOs) within the country. Exchanges in the country have since "voluntarily" decided to cease trading activities, though regulatory pressure is widely believed to have been the catalyst.

BTCC will continue to operate trading services outside China, and has also confirmed that its mining pool will continue to operate normally. Other major cryptocurrency exchanges in the country – including Yunbi, Huobi and OKCoin – are expected to cease trading by the end of October.

Print this item

  IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'
Posted by: admin - 10-02-2017, 08:10 AM - Forum: News From Cryptocurrency Market - No Replies

The head of the International Monetary Fund (IMF) believes that cryptocurrencies may give traditional government-issued ones a "run for their money."
Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks "it may not be wise to dismiss virtual currencies."
Notably, she outlined possible scenarios in which a country – particularly those with "weak institutions and unstable national currencies" might actually embrace one more directly.
"Instead of adopting the currency of another country – such as the U.S. dollar – some of these economies might see a growing use of virtual currencies. Call it dollarization 2.0," she said.
One of the driving factors behind that potential evolution would be a shift in consumer preference for new currencies that are "easier and safer" than existing ones. That scenario could be further hastened if cryptocurrencies "actually become more stable," she said.
Lagarde went on to say:

Quote:"So in many ways, virtual currencies might just give existing currencies and monetary policy a run for their money. The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve."
That said, Lagarde noted earlier in her speech that such an outcome is, in her view, a distant prospect, saying that cryptocurrencies are "too volatile, too risky, too energy intensive, and because the underlying technologies are not yet scalable."
To date, the IMF has advocated a balanced approach on cryptocurrency regulation, voicing that position in a January 2016 staff paper. Lagarde has also voiced support for financial applications of blockchain, a subject that the IMF has explored on an organizational level as well.

Print this item

  South Korea Bans Initial Coin Offerings: Report
Posted by: admin - 09-29-2017, 01:16 PM - Forum: News From Cryptocurrency Market - No Replies

As reported by regional news sources News1 Korea and JoongAng, the South Korean Financial Supervisory Service (FSS) decided to ban initial coin offerings during the September 29 meeting of its cryptocurrency task force in Seoul. The purpose of the ban is to protect investors from fraud.

Quote:“We are worried about adverse effects such as increased risk of fraud, The ICO will be prohibited in all forms. ” JoongAng cites Kim Yong-bum, vice chairman of the Financial Services Commission, as saying (according to a rough translation).
However, while the two outlets cited above concur that Korea banned ICOs, they disagree about the extent of the ban. According to News1, the FSS “prohibits all types of ICOs in Korea.” JoongAng, on the other hand, indicates that the ban only applies to ICOs launched by Korean startups and cites an official who states the prohibition does not extend to individual investors.
Crypto Korean, a reliable source for digital currency news within the country, was the first to bring the news to the attention of Western readers. Noting that both claims come from respected sources, Crypto Korean says the disagreement is “causing confusion among [the] Korean community.”

The reports also state that the FSS will crack down on cryptocurrency exchanges by banning margin trading and stepping up enforcement of anti-money laundering (AML/KYC) regulations.
Korea ICO Ban: Potential Implications
The Korean ICO ban–which comes just weeks after China issued a blanket ban on this nascent funding model–could have far-reaching implications, the degree of which will correlate to the extent of the prohibition. Korea was seen as one of the markets most likely to benefit from the void created by China’s ICO ban, and the country’s most popular messaging app had recently announced the creation of a new cryptocurrency exchange that would support more than 100 altcoins. A comprehensive ICO ban could potentially call Korea’s role within the ecosystem into question, while a ban restricted to domestic ICOs would be much less disruptive.
In either case, the ban will likely put short-term downward pressure on the ethereum price as investors sort out the details. A great deal of ethereum volume is concentrated on Korean exchanges, and it is likely that demand will diminish if local investors are prohibited from contributing to ICOs or trading for ERC20 tokens. That said, the markets have already demonstrated their ability to weather the Chinese ban on ICOs and bitcoin exchanges, so investors have reason to believe they will endure this storm as well.

Print this item

  Korea Starts On-Site Inspections of Bitcoin Exchanges
Posted by: admin - 09-28-2017, 11:34 AM - Forum: News From Cryptocurrency Market - No Replies

South Korea’s Ministry of Science and ICT and Korea Communications Commission reportedly announced that they will conduct on-site inspections of cryptocurrency service providers including bitcoin exchanges. They will focus on the cybersecurity of these providers and their compliance with privacy laws.
Also read: Japan’s Financial Authority to Begin Bitcoin Exchange Surveillance Next Month
On-Site Inspections
The Korea Communications Commission and the Ministry of Science and ICT announced on Tuesday that they will cooperate to conduct on-site inspections of bitcoin exchanges, according to local publications. Zdnet Korea elaborated:

Quote:[i]The Korea Communications Commission (KCC) plans to conduct on-the-spot checks on the implementation of technical and administrative safeguards for personal information pursuant to the Act on the Promotion of Information and Communication Network Utilization and Information Protection, and to strictly rectify any violations.[/i]
In addition, “the KCC will provide information security consulting and technical support to service providers who handle digital currencies online, and will guide them to reduce their own security vulnerabilities,” the news outlet clarified.
[Image: kcc-300x228.png]“This check is due to the increase in user damages due to subsequent hacking accidents involving virtual wallet hacking and personal information leakage,” The Korea Herald wrote. “The government plans to prevent the occurrence of similar damages and to provide an environment for safe service utilization through inspection of companies handling virtual currencies.”
In July, the country’s largest bitcoin exchange, Bithumb, was hacked and the personal information of over 30,000 customers was leaked. In addition, US cybersecurity firm Fireeye revealed earlier this month that a cyber-espionage group called “Temp.Hermit” launched cyber attacks against Korean bitcoin exchanges between May and July.
Efforts to Regulate Cryptocurrencies
As the Korean bitcoin ecosystem grows, the government has been discussing whether to regulate the digital currency. A task force was set up in July to evaluate the need for regulations.
[Image: shutterstock_554324077-300x200.jpg]In August, lawmaker Park Yong-jin submitted a proposed amendment to the Electronic Financial Transactions Act to provide a regulatory framework for bitcoin and other digital currencies. Early this month, news.Bitcoin.com reported on Korea’s top financial regulators jointly announcing their plans to deal with digital currencies such as by requiring banks to perform due diligence and bitcoin exchanges to intensify their user verification procedures. Meanwhile, small-sum bitcoin remittances were legalized back in July as part of the amended Foreign Exchange Transaction law.
The government’s efforts came amid rising bitcoin trading volumes in the country. Bithumb consistently has the highest trading volume of all exchanges globally, according to Coinmarketcap. On August 21, the exchange announced that its daily trading volume reached 2.6 trillion won, approximately US$2.28 billion, which was larger than the trading volume of the Kosdaq market on the previous day.

Print this item

  President of European Central Bank: “Not Within Our Power to Prohibit or Regulate Bit
Posted by: admin - 09-27-2017, 10:34 AM - Forum: News From Cryptocurrency Market - No Replies

The president of the European Central Bank (ECB), Mario Draghi, has stated that bitcoin does not fall under the regulatory powers of the ECB. The statement was made in response to a question from the Committee on Economic and Monetary Affairs of the European Parliament.
Also Read: European Central Bank Criticizes Estonian National Cryptocurrency Plans
“It Would Not Be [Within] Our Power to Prohibit or Regulate [Bitcoin]” – Mario Draghi, President of the European Central Bank
[Image: 1200px-Mario_Draghi_World_Economic_Forum...81x300.jpg]
Mario Draghi reportedly made the statement following a question from the European Parliament’s Committee on Economic and Monetary Affairs regarding whether or not the ECB plans to develop a regulatory apparatus pertaining to bitcoin, and what risks cryptocurrencies may pose to the European economy.
According to a Google translation of a story posted by Eunews.it, Draghi stated that after considering “the magnitude, user acceptance and impact on the real economy [of bitcoin]…it would be very premature to consider it as a payment instrument for the future”. The ECB president stated that the ECB “has not yet had a discussion” regarding the topic, adding that “it would not be [within] our power to prohibit or regulate [bitcoin]”. Draghi also expressed the ECB’s intention to assess the cyber risks associated with bitcoin and cryptocurrencies.
Draghi’s Statements Echo Those Made Regarding Blockchain Technology During an Event at Trinity College in Dublin
[Image: shutterstock_162128453-300x200.jpg]
During a Youth Dialogue event at Trinity College in Dublin, the ECB president answered a question on whether “new technologies, specifically blockchain, have a role in monetary policy [in] the future.” Draghi responded “we at the ECB are looking into this, and we have now been looking at this for some time. One conclusion is that, at this point in time, the technology is not mature [enough] yet… to be considered in either central bank policy-making, or in the payments system. We have to look at what progress this technology will [make] in the future.”
At both events, the ECB president emphasized the European Central Bank’s desire to assess the cyber risks associated with new technologies. At Trinity College in Dublin, Draghi described “cyber risk” as the “dominant [issue] today” in the “realm of digitalization.” He added that “any innovation, like [blockchain], will be screened from [the] viewpoint [of] how much our exposure to cyber risk is going to go up because we embrace a new technology.”
The ECB president recently rejected Estonia’s plans to launch a state-backed national cryptocurrency, stating that under EU law “no member state can introduce its own currency. The currency of the eurozone is the euro.” Earlier this week, ECB vice-president, Vitor Constancio, compared bitcoin to the “tulipmania” that swept across the Netherlands during the 17th century. Constancio also dismissed the suggestion that bitcoin poses a threat to Europe’s financial sector, stating that bitcoin is “certainly not a currency and we don’t see it as a threat to central bank policy.”

Print this item

  Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, September 25
Posted by: admin - 09-26-2017, 07:55 AM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]


The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
* BTC/USD, ETH/USD and LTC/USD market data is provided by the HitBTC exchange.
China has banned ICOs and has ended cryptocurrency trading opportunities on the Chinese exchanges. However, it is moving ahead with steps to study the Blockchain technology in detail to issue its own digital currency.
Beijing should “accelerate the process of launching a sovereign digital currency after it curbed risks of cryptocurrencies,” said an opinion piece published in the Financial News, the mouthpiece of the People’s Bank of China(PBOC).
However, with credit rating agencies recently downgrading China’s sovereign rating, it is unlikely that a digital currency issued by the PBOC will displace Bitcoin or Ethereum.
Bitcoin has been trading in a small range for the past two days. It is facing resistance at the 3,800 levels. Today, even if the digital currency breaks out of the downtrend line, it is unlikely to race away towards the highs. It will face resistance from the 20-day exponential moving average (EMA) at $3,886.
[Image: 8076c6d619f2fcd4959660423eb66128.png]
Thereafter, the next resistance zone is between $4,050 and $4,120 levels. Unless Bitcoin breaks out of this, it is likely to remain range-bound and volatile. Nevertheless, a breakout of the downtrend line will change the trend from down to range bound.
On the downside, the digital currency has a strong support at $3,500 levels. A breakdown of this level can push the cryptocurrency back towards the lows of $2,974.
Currently, we don’t find a buy setup with a good risk to reward ratio. Nevertheless, aggressive traders can look for buying opportunities once Bitcoin breaks out and closes above the downtrend line. The initial stop loss can be kept at 3,500, which can be raised later. The position size shouldn’t be more than 25 percent of the normal.
If Bitcoin gains momentum, additional positions can be added above $4,120 levels. The first target objective on the upside is $4,680, above which a retest of the lifetime highs is likely.
Ethereum is attempting to move higher. It has broken out of the downtrend line and the 20-day EMA. It has also formed an ascending triangle pattern, which will complete on a breakout and close above $311. The pattern target on a breakout of the triangle is $420.
[Image: 05751471f3f29bab1291ea0f3c7aad97.png]
However, the digital currency will have to sustain above the uptrend line to keep the formation intact. If Ethereum breaks below the uptrend line, it will invalidate the pattern, sinking the digital currency to $235 levels.
We don’t find any trade as long as the cryptocurrency trades inside the triangle.
We recommend a long position on a breakout and close above $312, SL $260 and target $420. Traders should enter long positions only on a confirmed close above the overhead resistance. $344 might act as a resistance; however, we expect this level to be crossed.
Bitcoin Cash firmly remains below the downtrend line. It hasn’t done much in the past four days. $400 has acted as a strong support, however, lack of buying at higher levels has resulted in small range days.
[Image: 47b079cf714331f157dd8dfac9ff806f.png]
As Bitcoin Cash is not showing any trend, we don’t have a recommendation on it. We shall consider it only after it sustains above the downtrend line for three days or breaks out of $550.
Ripple is not showing any trend. It is stuck in a tight range between $0.15000 and $0.19300. We don’t find any trade within this range.
[Image: 39b56597ab5391027efc7969c57606b0.png]
If ripple breaks out of $0.20000, aggressive traders can initiate long positions with a target objective of $0.25000. The stop loss for this trade can be kept at $0.15000. Nevertheless, please don’t allocate more than 25 percent of the usual position size on this trade, because it is a low conviction setup.
On the lower side, $0.15000 and $0.13500 are the two critical supports to watch out for.
Litecoin has held the critical support of $45. However, it is struggling to move higher.
[Image: b3700f5c137fa9087027bcf59279f340.png]
It is likely to break out of the downtrend line. However, it will not become positive until it breaks out of the $60 levels.
It is likely to remain range-bound between $45 and $57 for the next few days. Therefore, we are not recommending a trade on it. Critical levels to watch out are $60 on the upside and $45 on the downside.

Print this item

  Bitcoin, Ethereum, Litecoin: Price Analysis, September 21
Posted by: admin - 09-25-2017, 02:51 PM - Forum: News From Cryptocurrency Market - No Replies

[Image: 725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdl...5qcGc=.jpg]


The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
* BTC/USD, ETH/USD and LTC/USD market data is provided by the HitBTC exchange.
BTC/USD 21.09.2017
The past week proved highly challenging for the whole market. Bitcoin graphs show that the market withstood this test with forbearance. Even in the absence of positive news, there was a rapid price reversal from key support levels. Everything has gone smoothly this week, and buyers and sellers are now analyzing the situation. Japan’s Financial Services Agency (FSA) gives a bit of positivity to the market as it is considering the possibility of surveying ICOs in Japan. The FSA has played a pivotal role in drawing up rules regarding cryptocurrencies in Japan, despite the fact that the country has officially classified Bitcoin as a payment method.
[Image: e30394caaa03ce7ade5fe063b24d0072.png]
  • Bitcoin hit a very strong support level at $3,000, and any attempts by sellers to move in this direction now can be regarded as an opportunity to make a good purchase.
  • Resistance at the $4,000 level has been tested, and we are very likely to see a breakthrough attempt to reach $4,400.
  • Getting out of the $3,000 to $5,000 range is important for the bulls. A new surge in sales may result from remaining at the same levels for a long time. This can lead to the price quickly getting back to $3,500.

ETH/USD 21.09.2017
Ethereum has not stayed long at the local minimums it had reached either.
[Image: 4789e188ebcceb6c7e7ea2bb205cb94c.jpg]
  • The support zone at about $280 has confirmed its significance again, as the price has quickly regained those levels. If it drops below $280 again and remains there long enough, it will mean that a return to the maximum levels is not to be expected anytime soon.
  • The following resistance level is around $340, and it matters for the whole market that the altcoins leader shows confidence in the future. In case there’s no negative news, this scenario is most likely to take place.
  • We see a growing number of successful ICOs on the Ethereum platform. For example, ICON, a Korean-based project, raised 150,000 ETH in less than six hours.

LTC/USD 21.09.2017
Litecoin reacted quite dramatic to all the news from China last week. This is due because the cryptocurrency is really popular among Chinese investors.
[Image: 001a48d4e5acbbfa957ff710744ab431.jpg]
  • The price reached $33, a solid support level defined back in July. The rebound occurred very quick, but we did not see the trend continuation.
  • Today, LTC has dropped to the sixth place in terms of the market capitalization, Dash became the fifth. This is another negative indicator for a  “digital silver.”
  • Right now, $65 represents the strongest resistance level for LTC, but another possible scenario may be a long-term price action in the $42 to $55 range, providing traders with an opportunity to work in a trade corridor.

Print this item