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Posts published in “trading”

Ethereum Classic Price Analysis: ETC/USD Could Decline Further

Key Highlights Ethereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar. There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may continue to decline and it could retest the $16.80 and...

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Ripple Price Analysis: XRP/USD’s Downside Break

Key Highlights Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar. Yesterday’s highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading below the $0.6800 support level and the 100 hourly...

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Ethereum Price Analysis: ETH/USD Back Below $700

Key Highlights ETH price failed to extend gains above the $724 level and started a downside move against the US Dollar. Yesterday’s highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken). The pair is now well below $700 and the 100 hourly simple...

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Bitcoin Cash Price Analysis: BCH/USD Losing Momentum

Key Points Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar. There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to extend the current decline and it could test the...

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Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. Some countries have sanctions imposed on them by the USA and many European nations. Several experts believe that certain countries may be bypassing international sanctions by using decentralized cryptocurrencies.

The post Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions appeared first on Bitcoinist.com.

London’s LMAX Exchange Group Targets Institutional Traders With new Cryptocurrency Platform

Cryptocurrency exposure is in high demand these days. Especially institutional investors are willing to take a gamble when it comes to Bitcoin and altcoins. Finding service providers granting access to these markets is still an ongoing struggle. LMAX Exchange Group is setting up the first physical cryptocurrency exchange for institutional clients. LMAX Exchange Group Takes...

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Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading

Louis Ong, a Vancouver-based bitcoin trader, has been sentenced to 20 days in a U.S jail for unlicensed cryptocurrency trading. Ong was apprehended as part of a sting operation by Federal agents. Apart from jail time, Ong must also forfeit about $1.1 million worth of bitcoin and cash. The Sting Operation Ong first appeared on the Department of Homeland Security’s (DHS) radar in 2016 after he posted an online ad about his bitcoin trading business.

The post Vancouver Resident Gets Sentenced to U.S. Jail for Unlicensed Bitcoin Trading appeared first on Bitcoinist.com.

Ripple Price Analysis: XRP/USD Could Extend Upsides

Key Highlights Ripple price is slowly on the move and is currently trading above the $0.6800 resistance against the US dollar. There is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in an uptrend and it...

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Ethereum Price Analysis: Can ETH/USD Continue Higher?

Key Highlights ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar. There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to stay above the $704 support and the 100 hourly...

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Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains?

Key Points Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar. There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise, but it could correct lower to test...

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