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| August 19, 2018

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Exxon, Once a ‘Perfect Machine,’ Is Running Dry

July 15, 2018 |

The oil giant is struggling as the industry shifts and investors look elsewhere for profits. CEO Darren Woods’s plan to make a comeback by spending more on fossil-fuel projects has so far proved unpopular. US Business


Mira Sorvino Says Casting Director Once Gagged Her with a Condom

July 12, 2018 |

Mira Sorvino just revealed a shockingly disgusting story about a casting director who she says scared the crap outta her for a role … by gagging her with a condom when she was 16. She dropped the bombshell Wednesday during the Hollywood…

Bald eagle, once a dying breed, making groundbreaking comeback across country

June 21, 2018 |

Longtime wildlife biologist Jim Ozier unties and then boards a small boat on Lake Jackson, an hour south of Atlanta.
FOX News

Trump Calls Out Bob Iger Once More

May 31, 2018 |

President Trump is still waiting for that apology from Bob Iger. Trump first showed some resentment Wednesday after the target of Roseanne Barr’s racist tweet, Valerie Jarrett, got an apology from the Disney CEO while Iger has never called Trump “to apologize for the HORRIBLE statements made and said about…

‘Once in 1K Years’ Flood Hits Maryland City Again

May 28, 2018 |

After floods devastated Ellicott City in 2016, killing two people, it was called a “once in 1,000 years flood.” But the Maryland city around 13 miles west of Baltimore was hit Sunday by flooding that was even worse than 2016. Flooding that the National Weather Service called “catastrophic and…

Texas, 6 Other States Sue to End DACA Once and for All

May 2, 2018 |

Texas and six other states are suing to end once and for all a program that would protect some young immigrants from deportation, the AP reports. The lawsuit announced Tuesday comes a week after a federal judge in Washington ordered the Trump administration to resume the Deferred Action for Childhood…

Alleged Waffle House Killer Was Once Arrested at White House

April 23, 2018 |

A sheriff in Illinois says Travis Reinking’s state firearms card was revoked last year by state police, but his guns were given to his father with the promise that they wouldn’t be shared with his son. Police in Tennessee are searching for the 29-year-old Reinking, saying he’s suspected of fatally…

Pooch Once Doomed To Die Wins Bulldog Beauty Pageant

April 22, 2018 |

A 2-year-old pup once destined to be euthanized was crowned the winner of Sunday’s “Beautiful Bulldog Contest” at Drake University. The 39th annual tongue-in-cheek pageant for English bulldogs, Drake’s mascot, is the unofficial start to this week’s Drake Relays track meet. This year’s champion, “Bow-Z,” hails from nearby Pella, Iowa….

Markets Update: Cryptocurrency Prices Begin to Sink Once Again

March 28, 2018 |

Markets Update: Cryptocurrency Prices Begin to Sink Once Again

Cryptocurrency prices have dropped considerably over the past 48 hours since our last markets update. Currently, the entire digital asset ecosystem has lost more than $ 32 billion since that time, and BTC/USD values have once again dipped under the $ 8K range.  

Also Read: 80,000 New Merchants in Europe Gain Option to Accept Crypto

BTC Sees Another Drop Below $ 8,000 USD

Markets Update: Cryptocurrency Prices Begin to Sink Once AgainTraders are seeing quite a bit of bearish sentiment within cryptocurrency markets as more than 60 percent of the top digital assets are seeing losses. BTC/USD markets are hovering just above the $ 7,800 region after losing momentum just above the $ 8K zone during today’s early morning trading sessions. BTC global trade volume is only a few million lower than our last analysis, as the past 24-hours has seen about $ 5.2Bn in trades. The top five exchanges worldwide trading the most BTC today include Bitfinex, Okex, Binance, Bitflyer, and Huobi. The Japanese yen is once again dominating the fiat pack traded with BTC as the yen has commanded over 54 percent of global trade volume. The rest of the currencies traded behind the yen include the USD (22%), tether (13.9%), the euro (3.5%) and the Korean won (2.9%). There’s around $ 14.4Bn worth of global trade volume among all 1,500+ cryptocurrencies during the past 24-hour trading sessions.

BTC/USD Technical Indicators

Looking at BTC/USD charts show bulls have shown signs of exhaustion after the price was hovering around $ 8,500+ just a short time ago. The 4-hour chart shows the Macd is heading southbound around -207.29. RSI and Stochastic have been following the same downwards pattern, however, the oscillators have started kicking upwards a bit over the past 4-hours. This indicates BTC prices are struggling at the moment with failed attempts to keep the price above $ 8K.

Markets Update: Cryptocurrency Prices Begin to Sink Once Again

Since our last markets update, the long and short term Simple Moving Averages (SMA) had crossed hairs and split, showing signs of bearish sentiment. The gap between the 100 SMA and the 200 SMA is now much more extensive, indicating the path to resistance looks to the downside. Order books show a pretty good temporary foundation until the $ 7,600 territory. After that, there’s a good amount of buyers all the way to the $ 6,900 zone. On the upside, bulls breaching the $ 8K region again, continuing to drive past $ 9K, could indicate some bullish momentum.

Markets Update: Cryptocurrency Prices Begin to Sink Once Again
At the time of publication, BTC/USD prices hover around $ 7,820.

Bitcoin Cash Markets Continue to Follow a Similar Correlated Pattern

Markets Update: Cryptocurrency Prices Begin to Sink Once AgainBitcoin cash (BCH) markets are also feeling today’s losses, as the currency is now around 890 per BCH. Over the past 24-hours, BCH trade volumes across popular exchanges is about $ 339Bn. The most traded currency swapped for BCH today is BTC (51%), and traders have seen many opportunities over the past 24-hours. This is followed by tether (USDT 25%), USD (14.4%), the South Korean won (3.2%), and Binance coin (1.6%). The leading trading platforms show a small kick upwards on the 4-hour chart. Although the jump northbound could be a bull trap in the making. Last week’s bearish divergence indicated the price of BCH could drop below $ 1K, as signs of the dip started showing just three days ago.

BCH/USD Technical Indicators

BCH/USD charts show a similar correlation to BTC/USD patterns across the 4-hour template. There’s not much difference between the two, as both cryptocurrencies are down in value compared to a few days ago. The 100 SMA and 200 SMA are similarly gapped with the short term 100 well above the 200 trendline. This indicates resistance is fierce at the moment, and, if the price of BCH doesn’t get past the current vantage point, the coin’s value could go lower. RSI and Stoch levels are seeing a temporary bounce up, but both have been heading southbound. Order books show the value should hold pretty decent between $ 825 and $ 780 per BCH. On the flip side, if bulls manage to push past resistance during the eastern side of the world’s trading sessions there will be some pit stops around $ 910 and $ 1K. 

Markets Update: Cryptocurrency Prices Begin to Sink Once Again
At the time of publication, BCH/USD prices are roughly $ 877 per coin.

The Verdict: Crypto-Traders Uncertainty and Doubt Remain

As mentioned in our last markets update, traders have been uncertain after the BTC/USD price dropped, trying to stay above $ 9K. Shorts (betting against the price) started stacking up on exchanges like Bitmex and other trading platforms, offering margin trading. Long (betting the value will be bullish) contracts have slimmed as well over the past weekend. Regulatory FUD has lessened a touch in the news but overall the past few months of doubt still plagues cryptocurrency markets today.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

Images via Shutterstock, Bitstamp, Trading View, and Coinmarketcap.

Want to create your own secure cold storage paper wallet? Check our tools section.

The post Markets Update: Cryptocurrency Prices Begin to Sink Once Again appeared first on Bitcoin News.

Bitcoin News

Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet

March 2, 2018 |

Dutch Bank That Once Called Bitcoin 'High Risk' Considers Building Crypto-Wallet

A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading. 

Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

Rabobank Investigates the Idea of Introducing a Cryptocurrency Wallet to Its Online Banking Environment

Dutch Bank That Once Called Bitcoin 'High Risk' Considers Building Crypto-WalletThis week the Dutch institution, Rabobank, the second-largest bank in the Netherlands in terms of total assets revealed it may introduce a cryptocurrency wallet called “Rabobit.” The wallet idea is one of 22 concepts introduced in Rabobank’s internal Moonshot acceleration program. At the moment the idea is to host a cryptocurrency wallet that’s tethered to the company’s online banking environment. Rabobank says right now company employees are researching the benefits and risks tied to implementing a digital currency wallet.

“The idea of Rabobit is a cryptocurrency wallet within the online banking environment,” explains the Dutch bank.  

The employees who are currently investigating this initiative approach clients for this, both in person (street research) and via the website.

A Messy Banking Past

Rabobank also has a history of paying fines for unethical banking practices. In 2013 the bank paid a $ 1 billion fine for “unscrupulous trading practices” that were associated with the LIBOR scandal. The bank’s California unit just got into trouble this year when regulators investigated alleged money laundering associated with Mexican drug sales and organized crime. Rabobank agreed to pay $ 369 million to settle the money laundering allegations.

The Dutch institution’s webpage says if the wallet is launched it will be hosted by a trusted party and within the secure online banking environment. Further, customers can get insight to an investor’s overall liquidity by utilizing both banking and cryptocurrency accounts all in one place.

Dutch Bank That Once Called Bitcoin 'High Risk' Considers Building Crypto-Wallet

Rabobank Recently Declared Customers Who Trade Bitcoins ‘High Risk’

Even though Rabobank has launched the cryptocurrency wallet website the company says the idea hasn’t been fully established yet and the company is researching to see if demand exists.

“Rabobit has not yet been realised, there is still no official decision to introduce this. As soon as more info follows, we will communicate this,” a Rabobank representative on Twitter explains yesterday.

Just recently Rabobank warned that customers who trade bitcoins using their accounts were dealing with certain risks. Further, account holders who trade cryptocurrencies would be classified as “high risk” customers.

“Bitcoins are considered to be risky products. Customers who trade in high-risk products can have a higher risk profile. It is conceivable that companies that deal with cryptocurrencies are seen as too risky and can therefore not be accepted as a customer,” Rabobank stated on February 2.

Ownership and value transfer are completely anonymous and evade supervision by third parties, such as a government. Which means that cryptocurrency does not meet the highest standards of compliance set by Rabobank.

Even though the bank representatives state there is no official decision to introduce the wallet just yet, it seems the company is changing its mind about cryptocurrencies, and may be friendlier toward the technology in the near future.

What do you think about Rabobank back peddling on recent statements about bitcoin risks and then announcing the possibility of creating a cryptocurrency wallet? Let us know in the comments below.

Images via Rabobank building, logo, and the Rabobit website. 

At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet appeared first on Bitcoin News.

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