DarkNote Price Technical Analysis – Final Target Achieved

DarkNote Price Technical Analysis – Final Target Achieved

DarkNote Price Key Highlights DarkNote price continued to trade lower and broke the last low of 0.000000792BTC. The price tested 0.00000075BTC, which was our final target of the sell trade, as highlighted in yesterday’s post. A pullback is possible as sellers look exhausted and 0.00000075BTC represents a major support area. DarkNote price continued to decline, traded close to the final sell target and might correct higher moving ahead. Recovery likely? The DarkNote price traded further lower intraday, and moved towards our final sell target of 0.00000075BTC. The price even moved below the mentioned level to trade as low as 0.000000747BTC. There is now a descending channel pattern formed on the hourly chart, which is acting as a catalyst for the downside move. The...

Quiz: Do You Know the Basics of Bitcoin?

Unless you’ve been living under a rock for the past few years, you’ll have heard about bitcoin, but how much do you really know about this form of cryptocurrency? Find out with our Bitcoin Basics Quiz. Quiz image via Shutterstock...

Bitcoin Price Gains; Risk Off Asset Confirmed?

Bitcoin Price Gains; Risk Off Asset Confirmed?

For the past few days we’ve been championing the suggestion that the (then upcoming) interest rate decision out of the federal reserve could inject some volatility into the bitcoin price. Why? Because the response to any movement or lack thereof in the rate hike had the potential to shift investor sentiment from risk on assets such as equities to risk off assets such as gold and – hopefully – bitcoin. Janet Yellen reported the Federal Reserve’s decision during yesterday’s US session, and it came out unchanged. The US base rate will remain at zero until at least the end of next month, but far more likely until 2016. In response, the bitcoin price did exactly what we wanted. We broke through in term resistance and carved out fresh highs not seen...

US Regulator CFTC Tells Bitcoin Options Platform to Halt Operations

The Commodity Futures Trading Commission (CFTC), which is the main financial regulator in the United States, recently ordered a company offering bitcoin options to halt operations. The regulatory agency also ruled that bitcoin and other cryptocurrencies are classified as commodities and are covered by the Commodity Exchange Act. The regulator issued an order filing and simultaneously settling charges against Coinflip, Inc. Derivabit and is chief executive officer Francisco Riordan for activity relating to commodity transactions without the proper licenses. CFTC Ruling on Bitcoin Options According to the CFTC press release, the bitcoin options platform does not comply with the Commodity Exchange Act and CFTC regulations by trading or processing swaps....

BAFT Launches FinTech Scheme to Promote Bitcoin Technology

Global financial services association BAFT has launched a new scheme to promote Bitcoin and blockchain technology. The association, which deals in creation and implementation of global finance policies, launched the initiative to drive “awareness of innovations in financial technology”. In its official statement, the international body emphasized how the pace of innovation has redefined the methods of cross-border payments and trade finance; and how it believes to address the regulatory issues for both banks and similar financial institutions through a thorough input. Tod Burwell, the president and CEO of BAFT, particularly highlighted how the emergence of Bitcoin and its associated technologies have improved the methods of supply chain and payments. He stated:...

Will Russia Get Its Own Digital Currency?

Russia and digital currency are in the news together yet again, only this time, it’s not out of an ongoing war of words, but because Russia is in the process of creating a cryptocurrency all its own. Known as the bitruble, the virtual currency will likely be launched next year through its parent company Qiwi if financial advisors in Russia are willing to look beyond their fears and distrust of bitcoin, a regular topic amongst monetary experts in the red country. So far, the nation has had a public up-and-down relationship with cryptocurrency. Following a 50 percent drop in the value of the ruble last year, Russia countered the currency’s fall by expressing its animosity towards digital monies, explaining that they cannot be trusted due to usage in criminal and...