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| January 23, 2018

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No More Grocery Cashiers? ‘Amazon Go’ Opens Monday

January 22, 2018 |

Amazon will open its high-tech grocery store to the public this week after a year of beta testing the no-checkout technology on employees. Amazon Go allows shoppers to simply take whatever they want to purchase and leave, eliminating the need for lines or cashiers. The concept store is slated to…
Newser

New Film Proud Mary Opens Today. John Fogerty Not Happy

January 13, 2018 |

Someone is upset about the Taraji P. Henson-starring Proud Mary , which opened in theaters Friday. (Well, someone besides 72% of critics and 44% of audience members .) John Fogerty took to Twitter on Thursday night to complain about the title of his 1968 Creedence Clearwater Revival song being used for…
Newser

Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

January 12, 2018 |

Japan's DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Japanese e-commerce and entertainment giant DMM Group has launched its crypto exchange, supporting 7 cryptocurrencies and 14 trading pairs. The group is also preparing to launch another crypto exchange in the Spring aimed at inexperienced investors.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

DMM’s Crypto Exchange Launched

Japan's DMM Bitcoin Exchange Opens for Business With 7 CryptocurrenciesJapanese internet and entertainment conglomerate DMM Group has launched a cryptocurrency exchange under the brand name DMM Bitcoin. The platform began trading on Thursday January 11.

To commemorate the grand opening, the exchange is giving away 1,000 yen (~$ US9) to all customers who open a new account during the campaign period between January 11 to March 11.

Japan's DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies
DMM Bitcoin promotional material.

Customers can trade on their PC or use an Android or iOS app. The platform supports bitcoin (BTC), litecoin (LTC), ether (ETH), ethereum classic (ETC), nem (XEM), bitcoin cash (BCH), and ripple (XRP). Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered; they are ETH/BTC, ETC/ETH, XEM/BTC, XRP/BTC, LTC/BTC, ETC/BTC and BCH/BTC.

Japan's DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

According to DMM’s announcement, the exchange is using a trading platform provided by Simplex Inc. called “Simplex Cryptocurrency.” This platform offers trading tools for general investors, business management systems, and a dealing system.

Japan's DMM Bitcoin Exchange Opens for Business With 7 CryptocurrenciesSimplex has been providing securities and FX trading systems to major banks and financial services companies such as SBI Holdings, GMO Group, Nomura Securities, Matsui Securities, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Money Partners Group. The company recently started offering a cryptocurrency trading system and DMM Group is its first customer for the new service.

Another DMM’s Exchange Coming Soon

In addition, a subsidiary of DMM Group is launching a new cryptocurrency exchange. Next Currency Inc announced earlier this week that it has filed with the Japanese financial authority to register a new exchange called Cointap.

Japan's DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Planned to launch this Spring, Next Currency described, “Cointap is a service that allows you to easily buy and sell virtual currencies from smartphones,” adding that it is “best suited for those who want to start virtual currency transactions such as bitcoins.” Furthermore, the company claims:

Since virtual currency exchanges so far are centered on services for people with knowledge and investment experience of virtual currency, they are fashionable but difficult to understand and difficult to use.

Citing that there are many inexperienced investors who do not know how to buy or sell, the DMM subsidiary explained Cointap will be tailored for investors entering the market for the first time.

What do you think of DMM Bitcoin exchange and Cointap? Let us know in the comments section below.


Images courtesy of Shutterstock, Simplex Inc, DMM Group, and Cointap.


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The post Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

California’s top marijuana regulator talks about what to expect Jan. 1, when legal pot market opens

December 25, 2017 |

California’s legal pot market opens for business on Jan. 1. The day will be a milestone, but what exactly will happen then and, especially, in the weeks and months to come is unclear.

Lori Ajax, the state’s top pot regulator, has been at the center of the effort to establish rules for a legal pot…


L.A. Times – Business

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures

December 18, 2017 |

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures

Bitcoin markets took a slide on Sunday evening December 17 about an hour after CME Group launched the company’s futures markets. Even though the beginning of the derivatives sessions were quite bullish with contracts above $ 20K, bitcoin’s spot markets dipped to a low of $ 17,925 across many exchanges.

Also Read: Bitcoin Fees Have Become Infeasible

BTC Markets Slide Following the Introduction of CME Group’s Futures

Bitcoin markets reached an all-time high on December 17 coming close to the $ 20,000 price region. Many indexes reached a global average of $ 19,500 per BTC during the morning hours eastern standard time. Then the price either dropped below $ 19K or rose above that territory briefly a few times during the day. The past 24 hours have been perfect for intra-range players and day traders who play their cards right. At 8 pm, EDT bitcoin’s price suddenly dropped three legs down to a low of $ 17,925 per token.

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures
CME Group contracts are quite bullish.

In contrast to the day traders profiting during the mega dip, many observers watching contracts from exchanges like Bitmex saw some margin positions get owned when the price dipped under $ 1000 in a flash. Bitcoin trade volume is pretty high as roughly $ 13Bn has passed through the hands of global exchanges. Today’s top trading was held on Bitfinex, Bithumb, GDAX, BTCC, and Bittrex. At the moment the Japanese yen has around 44 percent of the global trading share, and the USD and KRW are following behind. Funnily enough, during the mega fast dip Tether (USDT), the trading currency that claims to have a 1:1 backing of USD, has crept up to the fourth position for currencies by volume.

Technical Indicators

Looking at the charts shows bitcoin’s price took a nice hit below the belt but is rebounding nicely between $ 18,200-600. Order books show some stronger resistance in the $ 19,250 area, but it looks like bulls can wipe this dip off with ease if nothing more happens. On the back side, if bears claw weak hands once again, order books show some foundations around $ 18,150.

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures
RSI shows oversold conditions on December 17.

$ 18,150 and $ 17,200 will be two key points of interest to watch. If prices drop below the lowest zone, sub-$ 17K prices could easily happen. The 100 Simple Moving Average (SMA) is still above the longer term 200 SMA which means the bulls can always take the reigns and head northbound. The RSI and Stochastic again show oversold conditions, and after a hefty run-up markets seemed due for a healthy correction.

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures
Prices slide to $ 17,900 on December 17.

For now, traders are making quick profits and still seem to have optimism towards the idea that more all-new price highs are still underway. Others believe a much healthier price correction is due for bitcoin and all cryptocurrencies in general. Nevertheless, market prices between $ 18,300-18,600 right now are currently trading at the same value positions reached on December 16 for the first time.

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com 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, CME, Bitstamp, and Bitcoin Wisdom. 


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.

The post Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures appeared first on Bitcoin News.

Bitcoin News

NYPD Opens Inquiry Into Russell Simmons

December 15, 2017 |

Russell Simmons is now the subject of an NYPD investigation, with 12 women accusing the music mogul of sexual misconduct including rape . The investigation was launched based on accounts published by the Los Angeles Times and New York Times this week, reports CNN . “We were made aware of the alleged…
Newser

Brexit Summit Opens Day After Legislative Setback for May

December 15, 2017 |

European leaders are set to approve a divorce deal with the U.K. that opens the door to trade talks, but British leader Theresa May faces a new Brexit hurdle at home.
WSJ.com: What’s News Europe

Markets Update: Bitcoin’s Value Climbs After Cboe Opens XBT Trading

December 11, 2017 |

Markets Update: Bitcoin's Value Climbs After Cboe Opens XBT Trading

Bitcoin’s value has been climbing since the recent opening of Cboe’s futures markets. The spot price of BTC had dipped a good 3 percent an hour prior to Cboe’s Sunday evening trading sessions, but volume immediately spiked at precisely 6 pm ET when the futures trading opened. At the moment bitcoin is hovering around the $ 15,700-15,950 range on Bitstamp, and Cboe’s bitcoin futures markets have been going wild.

Also Read: Lightning Network’s New Infrastructure and Interoperability

Bitcoin’s Price Kicked Into High Gear At the Start of Cboe’s Opening Trading Sessions

Lately, bitcoin markets have been an astonishing observation as the price has been moving at warp speed towards record highs for over a week. Many people believe that Cboe and CME Group’s bitcoin-based futures products have been injecting markets with optimism. The price slumped this past weekend after coming awfully close to the $ 17K territory reaching a low of $ 13,000. However, on December 10 bitcoin’s value kicked into high gear during the morning trading sessions reaching $ 15,300. Following this, the price had rapid swings ranging from $ 500-900 and markets were down just before Cboe opened its futures markets.

Markets Update: Bitcoin's Value Climbs After Cboe Opens XBT Trading       Cboe’s January Contracts Reach a High of $ 18,280

Cboe’s market contract bids started at $ 15,000, and they expire on January 8. At press time the firm’s bitcoin futures have surged over 15 percent reaching a high of $ 18,300. So far a few thousand contracts have been traded on Cboe’s derivatives exchange. Further according to the Wall Street Journal a spokeswoman from Cboe said trading stopped for 2 minutes due to volatile price swings. If the price moves during a massive swing, the exchange can impose a halt on trading. Additionally, Cboe’s website and XBT futures charts suffered from severe traffic, and the site was unavailable for a period of time. Cboe’s website states;

Due to heavy traffic on our website, visitors to www.cboe.com may find that it is performing slower than usual and may at times be temporarily unavailable.

Markets Update: Bitcoin's Value Climbs After Cboe Opens XBT Trading

Bitcoin Markets See Massive Volume and High Energy

Bitcoin’s global trade volume is through the roof, averaging over $ 14.6Bn worth of BTC swaps in the last 24-hours. The Japanese yen is still leading the market share by 42 percent, but the U.S. dollar has picked up by 29 percent. The volume, by currency, behind the dollar is the won, tether (USDT) and the euro, according to Crypto Compare statistics. Right now Bithumb is dominating the top five exchanges followed by Bitfinex, GDAX, Bitflyer, and Coinone.

Markets Update: Bitcoin's Value Climbs After Cboe Opens XBT Trading
On December 10, bitcoin’s price comes close to topping the $ 16,000 range again on Bitstamp.

Technical Indicators

Charts show a fairly bullish trend forming after the previous dips during the afternoon and into the early evening. The two short and long-term Simple Moving Averages (SMA) had crossed earlier in the day which indicated signs of buyer exhaustion. At the moment the long term 200 SMA is above the 100 SMA, indicating another correction could be in the cards at any time. Stochastic and the Relative Strength Index (RSI) have been showing oversold conditions for quite some time. Even so, bitcoin’s price could easily reach the $ 17,000 range or more this week after Cboe’s first day and before CME Group’s introduction. There is heavy resistance above the $ 17K range and even more so above $ 17,600 region. Order books show thin foundations on the buy side, showing prices could slide back quite easily with very little breaks until $ 14,000 again.         

The Verdict

Overall the bitcoiners are still optimistic about the spot market value as many believe the mainstream enthusiasm is good for bitcoin. For the moment trading arena participants agree as the price is reflecting a favorable upswing that seems to also reflect Cboe’s contract predictions.

Bear Scenario: As stated above, order books show fragile buy walls in the backdrop, indicating prices could slip backward easily. Prices could dip back in the $ 15,300 to $ 14,800 regions if market optimism became reasonably negative. For now, the only bears making off will be intra-range players and day traders for the time being.

Bull Scenario: Bitcoin could easily break $ 17-20K in the short term due to market optimism, speculation, and bull market emotion. Markets have been bullish for weeks on end, and the quick dips have been eaten up quite quickly. Bulls should expect resistance around $ 16,500, $ 17,000, $ 17,600, for short-term strategies.

Where do you see the price of bitcoin heading from here? Let us know in the comments below.

Disclaimer: Bitcoin price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com 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, Cboe, Twitter, and Bitstamp.


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The post Markets Update: Bitcoin’s Value Climbs After Cboe Opens XBT Trading appeared first on Bitcoin News.

Bitcoin News

Man Opens Fire From Nevada High-Rise

November 29, 2017 |

A gunman with a hostage opened fire from the eight floor of a luxury high-rise condominium in Nevada onto the streets below Tuesday night, authorities say. No injuries were reported. The man died Tuesday after a SWAT team descended on him while he was barricaded at the Montage, Reno police…
Newser

The Latest: Church opens for first time since shooting

November 13, 2017 |

The Latest on the Texas town recovering from last weekend’s mass shooting at a church (all times local): 11:10 a.m.
FOX News