Cryptocurrency

A review of last weeks high impact news on the AUD/USD, a peek at US treasuries and Chinese banks [Video] - FXStreet A review of last weeks high impact news on the AUD/USD, a peek at US treasuries and Chinese banks [Video] - FXStreet Posted: 30 Aug 2020 10:10 PM PDT In this video, Alistair goes through the major impact events of last weeks news with more attention given to the Fed action and what we might expect to see this week from FOMC members. Alistair also looks at US Bonds , Australia, Chinese banks and Warren Buffett's new investment into Japan. [embedded content] BUZZ-COMMENT-AUD/USD direction may be decided by moves in gold - ForexTV.com Posted: 10 Aug 2020 07:34 PM PDT Posted by: AUD Editor in AUD 21 days ago The correlation between the Australian dollar and gold has been high in recent weeks, as both have stuttered following strong moves higher. Since July 15, the A … Read Full Story at sou...

The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser. In his latest forecast for macro, the RT host warned that safe havens would seriously outperform fiat. Buffett, he implied, knew what was coming. Keiser: Buffett “getting out of USD” “Buffett’s move into Japan, along with his GOLD investment, confirms he’s getting out of USD BIGLY,” Keiser wrote on Twitter Monday.  “USD is trending lower today, about to break key support. Bitcoin - Gold - Silver Will all make new ATH in the near term.” He was referring to Buffett’s move into Japanese assets, taking a 5% stake in the country’s five biggest trading houses in a move which totals $6 billion, Reuters reports. “The five major trading companies have many joint ventures throughout the world and are likely to have more. I hope that in the future there may be opportunities of mutual benefit,” the publication quoted him as saying. The announcement cam...

XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading within a rising channel and implied bullishness while VeChain executed a bullish reversal pattern to flip a level of resistance to support, with the likelihood of it rising in the coming weeks emerging. XRP Source: XRP/USD on TradingView XRP was not able to hold on to its level at $0.3 and was trading just beneath the $0.281-mark, at press time. The activity of whales could be a reason why XRP has not been able to hold on after reclaiming important upside levels on the chart in the past. Further, the Awesome Oscillator noted some bullish momentum, while the Chaikin Money Flow shot upwards to touch a value of +0.42, indicating excellent capital inflows...

The Russian government wants to know what the country’s data centers are up to, and that includes cryptocurrency mining farms. The Ministry of Digital Development, Communications and Mass Media has published a proposed bill for public feedback, which firstly provides a definition of precisely what counts as a data center. The bill, if passed, would also obliges data centers within the nation to report their operations to the ministry’s supervising agency, the internet censor Roskomnadzor. According to the draft document, published on the government portal Friday, a data center is defined as an “object with its own infrastructure for hosting hardware providing storage, processing and access to data, with guaranteed levels of accessibility, security and management.” An operator of a data center must provide the agency with information about the computing capacity of such a facility, how the data is stored, which services the center provides and at what cost. In addition,...

Privacy and anonymity are the primary benefits of cryptocurrency, yet due to the transparent nature of blockchain technology, crypto transactions are not as anonymous as some may think. Rather, Bitcoin (BTC) and other cryptocurrencies are pseudonymous, as each transaction on a blockchain network is transparent, making it possible to trace wallet addresses back to their source. For example, cryptocurrency intelligence company CipherTrace is capable of tracing several hundred cryptocurrency transactions by analyzing wallet addresses, exchange information and smart contracts. John Jefferies, the chief financial analyst at CipherTrace, told Cointelegraph that the firm is currently capable of tracing over 800 cryptocurrencies to support investigations of crimes. This is extremely relevant, as recent findings show that cryptocurrency-related crimes during the first half of this year have already accounted for $1.4 billion worth in thefts, hack and fraud. Monero can now be traced? While B...

A bitcoin trader who turned a 0.2 BTC investment into $100,000 has unveiled his strategy for trading crypto.  Speaking in a new Venture Coinist podcast with Luke Martin, trader SalsaTekilla offered insights into how he was able to grow his investment exponentially while managing risk.  I recorded a conversation with @SalsaTekila earlier this month about his trading strategy, dropping out of university, and the trading competition. In a few weeks he's turned .2 BTC into over $100k. Absolute legend. You can watch the full podcast here: https://t.co/tZ1lLBI3gv — Luke Martin (@VentureCoinist) August 29, 2020 The popular trader explained that he views the market in terms of “constant dynamism” rather than building stagnant positions.  He said,  Whenever I enter a trade, my expectancy changes. Let’s say I enter at $11,800 a long position and I’m targeting $12,000 and my stop is $11,700. My risk-reward is two to one. He continued,  As the market mo...

While bots can be a great tool for many traders, some are concerned about the ways this could create room for manipulation, such as with “pump and dump” scams as well as decentralized exchange (DEX) manipulation. Bots can manipulate exchanges Using a series of bots to bring added liquidity to an exchange sounds harmless enough at first, as it should simply create a better user experience for clients. However, if the vast majority of trading activity on an exchange is bots, then that could be a red-flag that something isn’t right. Using bots to simulate real trading activity in order to make an exchange look more active is known as “wash trading” or “slippage.” It is illegal in traditional markets, but much of the cryptocurrency landscape is still unregulated, so it certainly happens. It has even been speculated that as much as 95% of cryptocurrency volume on some exchanges could be suspect. There have also been i...