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High hopes: big plans of large players

A bolivar-to-petro exchange app from Venezuela, the Chinese mining companies go public, more reflections on Bitcoin, Zuckerberg's sister at Huobi, VeChain to partner with BMW and Renault, and one more state-backed currency

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Crypto News: Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News: February 20th, 2019 Elon ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

XRP, BTC and BNB Price Analysis and Prediction

XRP achieves  a high of $0.35499 BTC Targets $4000 level BNB gets over $10 level XRP/USD The rally by XRP in the last few days seemed to have gained momentum as the currency yet again achieved new highs, before tracing its way back to its current level of 0.3380 as of going to press. XRP managed to weather off the bearish engulfing at the dawn of 19th as the bulls managed to strike a price reversal on the upwards and pushed the currency price to a new high of 0.35499. This didn’t last for long though as the bears came calling and pulled the price down to a low of 0.32820. Later, a death cross pattern was formed when the 21 day MA crossed over the 7 day MA seemingly signaling that the price would fall down even further. True to this, the bears pulled the price further down to a low of 0.32363. XRP Forecast Looking at the Moving averages, it seems that an intertwining is imminent.The RSI is between 40 and 60, seemingly portraying that the currency is set to trade sideways. This scenario would be ideal for an intra-range strategy with support levels at 0.32363 and resistance at 0.3521. BTC/USD The price of BTC seems to be striving to achieve and outlive the 4000 territory. Even though there have been instances on the last 24 hours when the bears have pulled the priced below the 4000 mark, the price is currently above $3980 with its next target set for $4000. The RSI is at around 60 seemingly signifying that the price should be headed for consolidation before the next rally. The 7 day and 21 day MAs are also seemingly getting intertwined. This may portray that sideways trading may be in the offing. BTC Forecast The current scenario is ideal for range bound strategies that would set the resistance levels at 4050-4100 and support at 3950-4000. Traders can go long if the price bounces back from the support levels and go short if it pulls back from resistance levels. BNB/USD In the last couple of days, BNB has been experiencing bullish growth last seen in 2017 when it was launched. Currently, RSI levels are close to 70 seemingly portraying that the currency is at overbought levels. The 7 day MA is still maintaining a significant margin against the 21 day MA. Recent efforts by the bears to pull the price back below 10 have borne no fruit. As it is, the currency seems to find solid support at 10.50. BNB forecast Current candle stick formation seems to point to a rising wedge. This may mean that a breakout is imminent and the price may be pulled back. If a breakout occurs, traders can go short and put their support levels at 10.50. The post XRP, BTC and BNB Price Analysis and Prediction appeared first on ZyCrypto.
ZyCrypto

Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC. As a result, the regulator has been gracious enough to opt not to impose additional financial penalties on Gladius. The catch? Gladius has to offer refunds on all ICO tokens. Gladius Reports Itself to the SEC The settlement is similar to the agreement NEO reached with Chinese regulators. In the case of NEO, the token had already The post Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer appeared first on CCN
CCN

Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away”

Notorious billionaire and entrepreneur Elon Musk once again expressed his enthusiasm for cryptocurrency and blockchain technologies in the latest episode of ARK Invest’s FYI podcast: “On the Road to Full Autonomy With Elon Musk,” courtesy: bitcoin.com In an interview for Tasha Keeney, Musk pointed out several advantages that cryptocurrencies have over traditional fiat money. For Musk, the future of finance goes hand by hand with a global adoption of cryptocurrencies as a means of payment. Musk supported Jack Dorsey’s idea that Bitcoin could become the native currency of the internet. This notion, which he described as “interesting” has been shared by several influencers such as Tone Vays, Jimmy Song and Max Keiser, who consider that although altcoins have important uses, Bitcoin is the best candidate to become the equivalent of money 2.0. Elon Musk: Bitcoin is The Future… But We’re Not There Yet However, aware that there is still a long way to go for cryptocurrencies to replace fiat money, Musk commented that at the moment he does not plan to invest in developments related to this technology, or even experiment with its use in Tesla: “I think that the Bitcoin structure was quite brilliant, it seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Musk pointed out that one of the advantages of using crypto is precisely that it gives users the freedom to carry out financial transactions without the restrictions imposed by banks or government agencies. When Keeney commented that certain governments impose restrictions on some inhabitants, Musk pointed out precisely that the cryptos were born to combat this excessive control and that in the future, fiat money as we know it “is going away.” “It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper.” Musk has had a presence in the community for his optimistic statements and vision of the role blockchain technologies will play in the society of the future. Previously during the scams boom on Twitter, Musk jokingly commented  At this point, I want ETH even if it is a scam — Elon Musk (@elonmusk) August 28, 2018 The post Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away” appeared first on Ethereum World News.
Ethereum World News
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