FxWirePro: LTC/USD trades well below $100, dip till $85 is likely
Jun 13, 2018 13:12 pm UTC| Digital Currency
LTC/USD is declining sharply after hitting temporary top at $129.85. The pair has broken major triangle support at $109 and declined more than $15. It is currently trading around $105.97. It has declined more than $20 in...
Financial services industry shifting from PoC to commercial blockchain deployments: Survey
Jun 13, 2018 11:46 am UTC| Digital Currency Fintech
In a new survey, market intelligence firm Greenwich Associates has found that the financial services industry is spending about $1.7 billion on blockchain annually. For the survey, the firm conducted over 200 interviews...
FxWirePro: ETH/EUR breaks below 61.8% Fib, eyes 78.6% Fib at 371, stay short
Jun 13, 2018 11:04 am UTC| Technicals Digital Currency
ETH/EUR hovers around 400 handle, edges higher from new 2-month lows at 394 levels. The pair is extending break below Symmetric Triangle, scope for weakness. Technical studies support downside. Momentum...
Jun 13, 2018 10:45 am UTC| Digital Currency
Financial Action Task Force (FATF), an intergovernmental organization focused on combating money laundering is going to start discussions on introducing binding rules governing cryptocurrency exchanges, Reuters reported...
FxWirePro: ETH/USD breaks below key support at 500, stay short
Jun 13, 2018 09:43 am UTC| Digital Currency
ETH/USD moved further south on Wednesday as it broke below 500 levels. It is currently trading at 473 levels at the time of writing (Coinbase). On the upside, the pair will run into resistance at 498 (1h 20-SMA) and a...
Crypto startup Coinbase officially launches index fund for accredited investors in US
Jun 13, 2018 08:53 am UTC| Digital Currency
Cryptocurrency exchange company Coinbase today opened its cryptocurrency index fund for investments. Announced earlier this year, Coinbase Index Fund will give investors exposure to all digital assets listed on GDAX...
Jun 13, 2018 08:14 am UTC| Research & Analysis Digital Currency Insights & Views Fintech
We already stated in our recent post that financial service giant Fidelity Investments is planning to enter the cryptocurrency ecosystem. Fidelity Investments has been one of the prime providers of 401(k) services and...