Business

  • Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K

    Bitcoin (BTC) bulls are attempting to start the weekend on the good foot by pushing the price to $8,500 and above. Bitcoin daily price chart. Source: Coin360 In the past 24 hours, Bitcoin price bounced off the 200-day moving average (DMA) at $8,200 and, as suggested earlier, an oversold bounce on the shorter time frame provided traders with the opportunity to buy the dip and push the price to $8,500. Will Bulls flip the $8,500 resistance? At the time of writing, Bitcoin is still pinned beneath the 50-period exponential moving average (EMA) and it’s possible that the former support at $8,500 will now function as formidable resistance. Some positives are: the 4-hour timeframe shows the moving average convergence divergence (MACD) in the midst of a bull cross and the histogram has flipped positive by printing a green candle above 0. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC USD 4-hour chart. Source: TradingView The relative strength index (RSI) is also at 48 which is close to bullish territory. Traders will note, however, that the RSI has flattened…

    Jan 25, 2020
  • Here’s Why Analysts Expect Ethereum To Surge Towards $200

    Over the past week, Bitcoin, Ethereum (ETH), and other leading digital assets have finally begun to stall. The price of these assets have tanked across the board, losing over 10% since the highs put in last week. Despite this, analysts are certain that the outlook for some cryptocurrencies remains bullish. Specifically, one trader recently noted that ETH is poised to burst higher, at least from a medium-term perspective. Ethereum’s Medium-Term Trend Bullish, Analysts Assert Satoshi Flipper, a prominent cryptocurrency trader, recently noted that Ethereum’s weekly chart is showing relatively bullish signs after bottoming around $120. He specifically noted that the Heiken Ashi candles, which are a special charting technique used to more easily determine trends, have turned green on the weekly chart, suggesting a medium-term bull trend is forming. Flipper added that Ethereum has broken out of a falling wedge structure that constrained price action for six months, boding well for bulls. $ETH Weekly Heikin Ashi = Bullish pic.twitter.com/OBq5TqGXVt — Satoshi Flipper (@SatoshiFlipper) January 23, 2020 Although Flipper didn’t give a concrete price target in the tweet above, the arrows…

    Jan 25, 2020
  • SEC Goes Head-to-Head With Telegram, Makes a Guinea Pig of TON

    Earlier this week, the Chamber of Digital Commerce went ahead and filed an amicus brief for the ongoing court hearing taking place between Telegram — one of the world’s most widely used encrypted messenger services — and the United States Securities and Exchange Commission. In its most basic sense, an amicus brief is a legal document that provides non-litigants with the right to submit their views and opinions in relation to an ongoing case for the court’s consideration. The brief was authored on behalf of the CDC by Lilya Tessler, a partner and the New York head of Sidley Austin LLP. Similarly, another brief filed by the Blockchain Association on Jan. 21 appears to be in clear support of Telegram. The association’s brief explicitly opposes the SEC’s move to block Telegram from delivering its native crypto tokens, Grams, to the early investors who participated in its initial coin offering. As part of its central argument, the independent body states that the purchase agreements offered by Telegram were designed to fully comply with the SEC’s existing securities rules. CDC argument in…

    Jan 25, 2020
  • Proof of Love Ep. 44 Surrogacy with Alice Hlidkova

    Click to download audio version On this episode of #ProofofLove, we invited Alice Hlidkova on to discuss the topics of surrogacy and freezing your eggs for future pregnancies. Freezing eggs is a rising trend and Alice who recently went through the procedure gives us some answers to our questions: What does it mean to freeze your eggs and what is the process? What is the average age for a woman to freeze her eggs and at what age do the chances of becoming pregnant go down? Do your genetics affect the likelihood of getting pregnant? We also discuss the topic of surrogacy and Alice through her research provides us with some answers to: The costs of surrogacy in the U.S. What the legal obligations are for being a surrogate The role of the surrogate mother in the child’s life She gives us some background about her new book, “Pretty Girl Complex: The Story of a Superheroine.” The book she describes is based on a conversation with a woman from the crypto space.  The character, Katie Washington is a Miami based…

    Jan 25, 2020
  • Doomsday Clock Nears Midnight, Time to Buy Bitcoin?

    The Doomsday Clock is now closer than its ever been in its 73 year history to spelling out the total destruction of mankind. Surely it must be Bitcoin o’clock now?  The world’s experts sound the alarm Amid the rumors that Bitcoin and other Proof of Work (PoW) cryptocurrencies are unsustainable drains on the environment which consume too many resources, The Bulletin of Atomic Scientists has updated the famed Doomsday Clock to 100 seconds closer to midnight. The Panel of Nobel Laureates cited climate change and the risk of nuclear war as the two primary reasons to sound the alarm. It’s 100 seconds to midnight. The closest since 1953, at the height of the Cold War. The Bulletin of Atomic Scientists is a non profit organization focused on global security and climate issues caused by technological advance. They originally instituted the Doomsday Clock devastation metric 73 years ago, in the era of the Manhattan project, just after the first atomic strikes on Japan, and the elevated tensions of the Cold War brought nuclear non-proliferation into the public eye. The recent events…

    Jan 25, 2020
  • H&R Block Reminds Customers to Report Crypto Dealings to IRS

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte           With tax season almost here, tax preparation service H&R Block is advising its customers to accurately report their crypto dealings when they file their returns. As Yahoo Finance reports, those customers should be aware that the IRS is explicitly asking about crypto asset activities for the first time. This year’s tax forms include a new question that asks, “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The addition of that question is part of the agency’s increased effort to motivate cryptocurrency users to properly report their activities for tax purposes. According to H&R Block’s head tax officer, Kathy Pickering, the IRS is likely to be more forgiving of taxpayers who voluntarily disclose their cryptocurrency dealings: “The IRS is looking for people to self-report. They’re looking for you to come forward, and they’ll be more lenient, even if you don’t get it right,…

    Jan 25, 2020
  • Less Chance that Bitcoin Will Crash Towards $6K, Top Analyst Explains Why

    Bitcoin opened 2020 with a bang, rising by as much as 32 percent in January as investors’ appetite for safe-haven assets grew. However, the price rally is now looking to fizzle. The bitcoin-to-dollar exchange rate has dipped by circa 9 percent after registering a local top near $9,200. The pair on Friday tested $8,216 as intraday support, hinting risks of an extended downside move that could push the price into a medium-term bearish channel. The BTC/USD exchange rate eyes a crash towards $6,000 | Source: TradingView.com, Coinbase The Descending Channel, as shown in the chart below, could gravitate bitcoin towards the redded support area having a baseline near $6,000. But A top market analyst believes bitcoin is less likely to hit the $6,000 level. YouTuber Sunny Decree explained in one of his latest reports that the cryptocurrency, at best, would fall in the range defined by $7,239 and $7,957. From there, it could rebound towards its prevalent resistance levels, mainly the blacked 200-daily moving average wave in the chart above. Mr. Decree cited the range after testing it against Volume…

    Jan 25, 2020
  • Research Firm and Environmental Watch Dog Test World’s First Air Quality Ledger

    Citing the inadequate weather data collection, an international partnership is testing the world’s first air quality ledger and trying to stem a global crisis. Air quality as public health crisis PlanetWatch announced earlier today the battle-testing of air quality monitors linked to research firm Algorand’s blockchain. “It is currently operating in several Italian cities (fixed installations and mobile ones on trolleys and buses), plus a long-term installation test in the Arctic,” Algorand’s Kati Callaghan told Cointelegraph. According to a PlanetWatch post on Jan. 23, the current state of air monitoring is unresponsive to today’s needs. Large government stations occur are available in cities and transport hubs. Data might not be released for a whole day. Yet poor air quality poses dire health issues, especially for children — infant mortality, asthma, neurodevelopmental disorders, and childhood cancers, according to PlanetWatch. Looking ahead The goal for the partnership is “a global network of air quality sensors and environmentally-conscious people.” The sensors can be installed in private homes or even carried on one’s person, which allows data to be uploaded in real time. “The…

    Jan 25, 2020
  • This Pattern Suggests Bitcoin Could Rally 135% in Coming Months

    Bitcoin has been stuck within a consolidation phase for the past several days, which was first seen when the crypto was ranging around $8,600. This was followed by a range expansion when BTC dipped to lows of $8,200 overnight before bouncing back to the mid-$8,000 region earlier today. This bout of sideways trading may not last long, however, as the cryptocurrency could be on the cusp of a major upwards movement that leads it to break into the coveted five figure price region. The major movement that leads BTC to this price level, however, may not occur until it taps roughly $7,300, meaning it could see some near-term downside. Bitcoin to Target $11,500 in the Short Term Because Of These Simple Factors  At the time of writing, Bitcoin is trading up just under 2% at its current price of $8,500, which marks a notable climb from its daily lows of $8,200 that were set at the bottom of the overnight selloff. TradingShot – a well-respected technical analyst on TradingView – explained in a recent post that he is closely watching…

    Jan 25, 2020
  • Effect of CME Futures Options on BTC Price Depends on Halving

    CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME will further uplift the institutional infrastructure supporting the asset class. Over the long term, investors generally anticipate improvements in the infrastructure surrounding Bitcoin (BTC) to have a positive impact on the cryptocurrency market. CME Bitcoin options is a net positive for crypto Speaking to Cointelegraph, cryptocurrency technical analyst Eric Thies said that CME options will bring in more stability in the market over the long run. Accredited and institutional investors will have a diverse selection of vehicles to use to enter into the cryptocurrency market. That variety will strengthen the foundation that would take cryptocurrencies from an emerging to an established asset class. He said: “I’m optimistic it’s bullish for longer-term stability and that it also signals something more significant once you compound it with several other events around the market.” Up until mid-2019, hedge funds and institutional investors did not have sufficient infrastructure to properly invest…

    Jan 25, 2020
  • Peter Brandt Remains Bullish on Bitcoin

    Peter Brandt is one of the most popular Bitcoin analysts on Twitter. In the last 24 hours Brandt has made a bullish case for BTC, which counters many who thought the market would slump because of Chinese New Year. Bitcoin Could Hold, Says Brandt Charts are constantly morphing. The idea of drawing a chart boundary definition to be fixed forever was discounted by serious traders 80 years ago. Often, the exact configuration is clear only after the fact. #FACT — Peter Brandt (@PeterLBrandt) January 24, 2020 In a rare glimpse into the mind of a trading veteran who has survived and thrived in the markets for 40 years, Peter Brandt, in this Tweet, offers zen-like sage advice to fellow traders. Brandt argues that a re-test of the breakout we’ve had on the top of a year-long downward channel is normal and he wouldn’t be surprised to see more upside in the near future. He does, of course, add that a more severe correction could take place if the top of the channel breaks to the downside. Nevertheless, the bullish inverse…

    Jan 25, 2020
  • Donald Trump Just Tweeted the Space Force Logo and It Looks Very Familiar

    Donald Trump just tweeted the new Space Force logo. It looks very familiar. Because it’s the Star Trek Logo. Trump actually stole the idea for the Space Force from Ronald Reagan. Donald Trump tweeted out the new Space Force logo Friday afternoon. It’s definitely the Star Trek insignia. Source: Twitter This can’t be real. We are definitely living in the best timeline. You may have heard of the military’s legendary $600 hammers and $30 screws. But let’s hope the DOD didn’t pay too much for this logo. Because the designer didn’t put very much thought into it. Space Force Logo Is Star Trek Source: Twitter Even the Libertarian Party is laughing at Trump for this one. Source: Twitter I guess plagiarism is a Trump family tradition. Remember when Melania Trump’s Republican National Convention speech was almost line-for-line cribbed from Michelle Obama’s DNC speech? These are just too many coincidences. Donald Trump is definitely trolling the American public. There hasn’t been a single Space Force development that hasn’t been a little too suspiciously goofy. Like remember the Space Force uniform flap…

    Jan 25, 2020
  • Crypto Market to See a Massive Injection of Capital in 2020 Due to This Covert Factor

    Bitcoin and the aggregated crypto markets have had a great 2020 so far, which has piqued investors’ interest in the markets and has led to an increased sense of hope amongst active participants. This may be emblematic by the possibility that billions of dollars’ worth of unannounced capital is close to being injected into the crypto markets, with the allocation of this funding to top projects potentially allowing for significant ecological development in 2020. This positive ecological growth coupled with increasing technical strength could be enough to give the markets some further momentum throughout the year ahead. Funds Gain Billions in Unannounced Capital to Inject into Crypto Markets  Ash Egan, the head of crypto at Accomplice – a tech-focused venture capital firm – explained in a tweet that there is currently $2 billion in capital being allocated to US-based crypto funds, with this capital being distributed amongst a collection of various sized funds, including three “mega funds.” “There is ~$2B of unannounced capital being allocated into US-based crypto funds rn. Funds are distributed across 3 mega funds ($300m+), 4 large…

    Jan 25, 2020
  • Sally Ho’s Technical Analysis 25 January 2020 BTC ETH

    Bitcoin (BTC/USD) rallied early in today’s Asian session as the pair escalated higher to the 8500.00 figure after trading as low as the 8216.71 area during yesterday’s European session.  Yesterday’s intraday low was right around the 8219.84 area that represents the 38.2% retracement of the move from 10950.57 to 6531.91.  After testing the 8590.11 area on Thursday, the pair steadily declined to the 8278.00 area after Stops were elected below the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89.  Chartists have observed that the 200-bar MA (hourly) has recently bearishly moved above the 50-bar MA (hourly) and 100-bar MA (hourly), and that the 200-bar MA (hourly) has bearishly moved above the 100-bar MA (hourly).  This has coincided with the depreciation of BTC/USD to its weakest level since 13 January 2020. Chartists also note that the pair’s weakness late in the week saw it decline below the 100-bar MA (4-hourly) for the first time since 3 January, an indication of its recent strength above the psychologically-important 7000 and 8000 areas.   Last weekend, the pair traded as…

    Jan 25, 2020
  • Is Tron’s DApp Market Dependent on Gambling?

    Tron has made a name for itself in the crypto asset space and DApp world, although a huge portion of the protocol’s transactions rely on the gambling industry. A hefty 17 of the top 25 most-used Tron DApps fall in the gambling category on DappRadar’s list of most popular Tron protocol-based DApps. Top 25 lists The eight non-gambling Tron-based DApps on the list fall in several other categories, such as High-Risk, Exchanges and a general “games” tag. These non-gambling DApps, however, host significantly less volume than their gambling counterparts, with the exception of two other applications listed as exchanges. In contrast, the top 25 Ethereum-based DApps counted only three gambling applications. Tron prevalence April 2019 showed Tron touting the most rapidly expanding group of DApp users. Ethereum, Tron and EOS ran the show in 2019 in terms of DApp usage, taking a combined 98.65% of the total DApp transaction volume for the year, as Cointelegraph reported in January 2020. Tron’s ecosystem posted a staggering $4.4 billion in volume in 2019, with its gambling DApps filtering approximately 89% of that money…

    Jan 25, 2020
  • Beware of the IRS, H&S Warns its Crypto Customers

    U.S. tax preparation company H&R Block is advising its customers not to consider evading the Inland Revenue Service (IRS) by not reporting their cryptocurrency transactions  Don’t Worry About Accuracy, Just Report Crypto Taxes According to Yahoo Finance, H&R Block has told its crypto-owning customers to heed the IRS’ call for crypto tax compliance. In new guidelines shared by the company, the U.S. tax preparation firm encouraged its customers to try and take the initiative concerning the filing of their crypto tax returns. Commenting on the matter, Kathy Pickering, chief tax officer at the company, remarked: The IRS is looking for people to self-report. They’re looking for you to come forward, and they’ll be more lenient, even if you don’t get it right, if you’re disclosing. As previously reported by Bitcoinist, the IRS has stepped up efforts to ensure stricter compliance with tax reporting guidelines for crypto owners. At the start of the year, the U.S. tax agency added a new checkbox on the tax form containing inquiries about cryptocurrency-related activities. The inclusion of this direct crypto question on Form 1040…

    Jan 25, 2020

Contact Us

Mail:uucjnews@gmail.com