Bitcoin Price Analysis: BTC/USD Gearing Up for Triangle Breakout?

Bitcoin continues to consolidate inside an almost symmetrical triangle pattern on the 4-hour time frame. Price recently bounced off the top and could be due for another test of support.

There is some bullish pressure at the bottom of the short-term ascending channel, though, so Bitcoin could attempt another upside break from the $6,750 resistance. However, the 100 SMA is still below the longer-term 200 SMA to suggest that the path of least resistance is to the downside. In other words, support is more likely to break than to hold.
If the bearish pressure is strong enough to trigger a break below the triangle bottom around $6,250, Bitcoin could tumble by the same height as the triangle, which spans $6,000 to around $8,500. Similarly, a break past the resistance could lead to a climb of the same size.
Stochastic is pulling up to indicate that bulls have the upper hand and could keep pushing for gains. Similarly, RSI is pointing north to indicate that buyers are in control and could keep lifting bitcoin price until overbought conditions are seen.

Bitcoin is on relatively stronger footing these days as the SEC refrained from doling out a rejection of the Bitcoin ETF applications so far. In addition, the launch of bitcoin futures on the ICE is also something a lot of investors are looking forward to as it could make the digital asset more accessible to even more traders. It also helps that Google will be lifting its ban on Bitcoin and ICO ads by October.
However, the search engine will be approving ads only from regulated entities in the US and Japan, representing a smaller than usual segment of the market. Still, this could do a lot in terms of reviving general interest in the space, paving the way for more institutional and retail funds to flow in.

Images courtesy of TradingView
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Regulatory Pressure Mounts: Congressman Petitions for ‘Light-Touch’ Approach to Cryptocurrency

Yet another important political figure has emphasized the need for a reasonable and well-thought-out regulatory approach towards the emerging cryptocurrency field.

‘Thoughtful, Bipartisan Approach’
The pressure on regulators for a comprehensive and “light-touch” legislative approach towards the field of cryptocurrencies has been nothing but increasing.
Live Bitcoin News reported September 15th that the Chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, called for a “do no harm” approach to regulating cryptocurrencies.
A similar sentiment was expressed by Congressman Warren Davidson, who said:
With a thoughtful, bipartisan approach that protects consumers, advances free market solutions, and defines safe-harbors for the earliest stage innovators, Congress can send a powerful message around the world that the U.S. is the best destination for ICO markets.

A Challenging Task
The task to regulate cryptocurrencies is, indeed, a challenging one, given their diverse nature. Touching on the matter was Michael Hiles, who outlines that the field is much more than just Bitcoin, saying.
If I have a token that is a share in a company, that’s very clearly a security. But if I have a token that unlocks some feature in an application, and I want to pre-sell that token to the marketplace for access to my system and that token becomes freely trade-able on an open market — that people could freely buy and exchange these things — that’s really what’s at issue.
The U.S. Securities and Exchange Commission (SEC) has been clear that it doesn’t regard Bitcoin and Ether as securities. However, there’s still a defined need for an established legislative framework for the definition of other digital assets. Outlining the challenges that this task brings forward, though, Davidson said:
Everything starts to look like a security to a securities regulator. […] We want to make sure that the United States capital markets stay strong and vibrant, and one of the ways to do that is provide regulatory certainty.
What do you think about regulating the cryptocurrency field? Is it necessary? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock.
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Coinbase Partners with Caspian to Add Professional Crypto Trading Tools

Leading U.S.-based cryptocurrency exchange Coinbase has partnered with Caspian, an institutional grade crypto trading platform. The collaboration will allow institutions, professional traders, and existing customers of Coinbase Prime to leverage Caspian’s trading tools and single sign-on access to the exchange platform.

A Win-Win Deal
Coinbase, the U.S.-based cryptocurrency exchange which is one of the largest in the world, announced earlier this week through its official blog the new collaboration with Caspian. Caspian is an institutional grade, full-stack crypto trading and risk management platform. Caspian provides a complete suite of sophisticated trading algorithms and tools for professional traders and institutional investors.
Coinbase Prime is the institutional brokerage and trading platform offering from the exchange. This mutually beneficial partnership will allow Coinbase Prime’s customers and other institutional investors to use Caspian’s trading tools and will also enable seamless access to Coinbase through the same interface (users will not need to log in separately into two interfaces).

Coinbase’s Institutional Growth Strategy
Earlier this year, Coinbase ventured into new business lines to cater to institutional investors amidst growing interest for cryptocurrencies amongst them. The new services include Coinbase Prime; Coinbase Custody, a safe and regulated cold storage solution; and Coinbase Institutional coverage group, a sales, support, and training resource for institutional investors.
Kayvon Pirestani, Director of Institutional Sales at Coinbase, says:
By working together, Coinbase and Caspian will deliver institutional-grade order and risk management tools to the growing number of professional crypto trading firms around the world. Customers will be able to take advantage of the best elements of both platforms — accessing Coinbase’s extensive historical market data and deep pool of liquidity and combined with Caspian’s suite of seamless trading tools. We see this partnership as not only a tremendous commercial opportunity but as a chance to truly move forward the institutional adoption of crypto as a mature, tradable asset class.
A Strong Partner
Caspian is a collaborative effort between Tora, a cloud-based technology company, and Kenetic, a blockchain investment firm. Caspian provides a complete asset management solution including OEMS (order execution management system), PMS (portfolio management system), compliance, risk, and reporting. The platform provides advanced trading tools and algorithms for professional traders and institutions, along with a single interface into all significant crypto exchanges, including the new addition, Coinbase. Caspian has forged ties with many leading crypto exchanges across the globe.

Robert Dykes, CEO of Caspian, said:
We’re delighted to cement this important partnership with Coinbase, which will see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms. Our goal at Caspian has always been to make it is as frictionless as possible for professional traders and investors to trade and manage portfolios of cryptocurrencies in order to drive exponential growth in this market, and we’re delighted that Coinbase shares this vision.
The collaboration between the two companies is a good development towards attracting institutional investors who have so far shied away from the cryptocurrency markets due to security concerns. Solutions like Coinbase Custody and professional grade tools from Caspian will instill confidence in institutions to leverage cryptocurrency trading for high returns.
Do you think this partnership will encourage institutional investors to invest in cryptocurrencies soon? Let us know in the comments below.

Images courtesy of Shutterstock.
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JPMorgan’s Blockchain-Based Remittance Initiative Attracts 76 Global Banks

JPMorgan Chase is making history with their Interbank Information Network (IIN) by having the most banks to join a live blockchain-based financial application.

Institutional investors are much more wary of cryptocurrencies than they are of blockchain technology. While JPMorgan Chase may not be enthusiastically hopping on the Bitcoin bandwagon just yet, they have undoubtedly jumped onto the blockchain train.

JPMorgan Embraces Blockchain
One of the many benefits that blockchain offers is that it allows more efficient and secure cross-border payments, which is probably exactly what JPMorgan envisaged when developing their Interbank Information Network (IIN) last year. According to Business Wire, the blockchain-based service will streamline the firm’s global payments process by drastically reducing delays associated with compliance and data-related issues.
Emma Loftus, who is the Head of Global Payments and Receivables for the firm’s Treasury Services, expressed her excitement, saying:
We saw tremendous interest among correspondent banks after the pilot launched in 2017, asking if they could join. We believe IIN will significantly improve the efficiency of cross-border payments, particularly as more banks participate and we evolve the functionality and use cases beyond compliance-related inquiries.

Blockchain Streamlining Cross-Border Payments
Banks definitely seem to be on board as evidenced by the fact that 76 banks from all over the world will be taking part in the IIN initiative. This comprises 19 banks in North and South America, 18 in Europe, 21 in the Asia-Pacific region, and 18 over Central and Eastern Europe, the Middle East, and Africa.
JPMorgan’s Global Head of Treasury Services, Takis Georgakopoulos, chatted about the firm’s goal of being market leaders by using blockchain technology, saying:
We’ve been actively exploring how emerging technologies such as blockchain, AI, and an enhanced digital experience can be deployed in our Treasury Services business to better serve our clients’ ever-changing needs. We will lead the market with the rollout of a robust pipeline of innovations over the coming months, beginning with the launch of IIN.
The firm’s Treasury Service is responsible for processing about 26 million transactions every day in 108 different currencies for over 100 countries. This equates to $3 trillion worth of transactions. By using blockchain to provide a positive customer experience, there’s no telling how much more that number can grow.
While the IIN is powered by the Ethereum network’s Quorum, France-based Tempo has chosen to go the Stellar blockchain route. Like JPMorgan, the money transfer company has also integrated distributed ledger technology (DLT) into its processes to make cross-border payments more efficient.
Do you think that more banks will want to be a part of JPMorgan’s IIN? Let us know in the comments below!

Images courtesy of Shutterstock and Pixabay.
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Interview with Arthur Azizov, founder of B2Broker: Finteсh startups do not need to reinvent the wheel.

Fintech and cryptocurrencies are one of the most promising and competitive industries today, providing a wealth of business opportunities for new and established companies. As it keeps growing quickly, more startups are entering the market. It is, however, unknown, how some of them manage to prosper, while others fail. Moreover, it’s not entirely clear how to regulate digital currencies, as there is yet no international legislation.
Arthur Azizov, the founder and CEO of B2Broker, a global liquidity and technology provider for brokers and crypto exchanges, has shared his thoughts on the current state of the cryptocurrency market and explained what is needed for a successful start in the fintech industry.
Prior to the opening of B2Broker, Azizov says, he identified one of the main industry issues – the broker’s infrastructure. The launch of a new broker firm, especially in such markets as CFD, forex, and cryptocurrency, requires beginners to have serious background as well as a deep knowledge of how a brokerage service works.
B2Broker solves the problem by offering a ready-made solution that allows new projects to save their money and time.In addition to the infrastructure issue, B2Broker addresses the problem of aggregating liquidity, which is expensive and challenging for beginners and mid-level brokers.
The company’s main product is B2B Broker, which performs two types of work: the aggregation and distribution of liquidity via different trading plaforms, and the development of infrastructure products for brokers. Other projects include B2BX crypto exchange and B2BinPay, a cryptocurrency payment system for businesses.
To comply with national law, B2B Broker has established offices in Cyprus, Hong Kong, Russia, and Japan. “The great part of the business is development and distribution of software that does not require any special licenses or permits in most jurisdictions. In the markets where it is regulated, we possess the required licenses,” Azizov told Coinspeaker.
“At the moment we do not experience problems in terms of legislation. If we were a retail broker, things would be different, but at the end of the day, we are an IT company,” he added.
In some countries, meantime, the lack of clear regulation makes it more difficult for fintech companies to work with cryptocurrency. In Russia, for instance, the market is unregulated and it’s still early to call it open to virtual currencies.
“The indicator here is very clear: the market can be considered really as open as soon as the foreign players start coming to Russia and establishing their businesses here.”
When starting a new fintech project, Azizov recommends, it will be more effective to use ready-made solutions. Moreover, by integrating your own features to already existing technologies you will be able to increase the value of the service.
“First of all, I would like say that it is not necessary to reinvent the wheel. If there are any ready-made products on the market that have already proven themselves and demonstrated their competitiveness, it makes sense to give preference to the ready-made solution. It saves a lot of time and money,” he explains.
Besides, it is also important to focus on marketing and customer support.  The problem is that many startups believe their offering is unique and the idea itself will bring new clients. However, that’s not enough given the rising number of exchanges entering the market. In order to stand out from their competitors, successful brokers put much effort into sales, marketing, customer service, and infrastructure development.
As far as the future plans, B2Broker intends to occupy about 10% of the technology and liquidity market for forex/crypto brokers and crypto exchange and serve at least 500 companies in the next 2-3 years. According to the company’s predictions, the market will soon be somewhere around 5,000 companies, excluding traditional stock markets and exchanges. Besides, it wants to get more licenses and continue developing its products, including liquidity provision platforms, crypto exchange B2BX and B2BinPay.
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Stellar’s Wallet Operator LOBSTR to Develop DigitalBits XDB Wallet

Every admirer of Stellar, an open-source protocol for value exchange, is familiar with LOBSTR Wallet, the largest cryptocurrency wallet operator in the Stellar Lumens ecosystem. LOBSTR Wallet has gained traction as a simple and secure way to start trading and storing Stellar Lumens XLM tokens. LOBSTR provides perfect protection of your account and saves all your personal data, as you are the only person able to access your money.
The team behind the wallet for Stellar has just come with an excellent news: they are developing a proprietary wallet for buying, selling and trading of XDB, the DigitalBits blockchain’s native token. To develop XDB wallet and facilitate the storage and trading in XDB tokens, LOBSTR is going to create XDB Labs.
DigitalBits is an open-source project supporting the adoption of blockchain technology by enterprises. The technology enables tokenizing assets on the decentralized DigitalBits blockchain, transferring and trading these assets on-chain,  and provides fast payments and remittances.
Its native digital assets called “digitalbits” or XDB are highly flexible. Users can get XDB due to DigitalBits’ revolutionary loyalty rewards program created to solve portability, security and liquidity issues. The XDB digital rewards can be traded either for other rewards points on other DigitalBits partner platforms, or for cryptocurrency.
The open-source nature of the DigitalBits blockchain is designed to allow innovation and creativity in how companies make use of their services.
LOBSTR is an ideal partner for launching a dedicated DigitalBits wallet, as DigitalBits is built on the Stellar blockchain, and LOBSTR wallet is currently the best way to trade in XLM.
Gleb Pitsevich, LOBSTR Co-Founder, said:
“We are very excited to join the DigitalBits ecosystem and work with the people behind the project. We believe that applying blockchain technology to customer loyalty programs has great potential and can disrupt the legacy loyalty industry.”
Al Burgio, CEO of DigitalBits, is excited about cooperation as well:
“We are excited to have the LOBSTR team join our partner ecosystem and build out a range of leading custodial and wallet solutions in the DigitalBits ecosystem.”
XDB wallet will include API integration, which means DigitalBits partners will be able to provide advanced features to businesses and customers, as API provides greater flexibility in the development and personalization of services that utilize Digitalbits tokens. 
The date of the launch is still unknown, but when introduced, XDB Wallet will definitely act as a complete solution to manage and hold the DigitalBits XDB tokens, as well as other assets built on the DigitalBits blockchain.
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A New Exchange Will Help ICOs Launch Their Product

A newly announced exchange — Blockchain.io — is prioritizing regulatory compliance to make sure that the funds of their users are safe from governmental seizures and freezing. As a way of ensuring that the company will be conform with both current and future regulation, the exchange is willing to keep audited records and only list selected cryptocurrencies and tokens.
Another clear priority for the company is computer security. The project is led by Paymium, a European Bitcoin exchange active since 2011, and this experience is making the company confident enough to promise DDoS resistance, high throughput and minimal downtime. Another promise is that the platform will be kept free from “technical debt.”
Keeping the exchange free from technical debt is equivalent to not adding any new features, cryptocurrencies or tokens without having them thoroughly audited first. Another security measure that the company is willing to take is to keep 98 percent of the funds in cold storage.
The cold storage will be a multisignature wallet, the keys of which will be kept in different locations to reduce the risk of unauthorized access to the funds.
Strict Listing Eligibility Criteria
The listing and ICO-assistance criteria adopted by Blockchain.io go well beyond simple regulatory compliance. The projects are also required to have experienced teams to be considered eligible for listing or help. The community also votes on the projects that met all the aforementioned requirements before they are approved. All of this is meant to ensure that only high-quality and viable projects make it.
The ICOs that are helped by Blockchain.io will be offered legal, financial and marketing expertise. The company will structure the whole ICO on behalf of the team in exchange for a fee on the raised funds. Such a collaboration is meant to leave the team to develop the products or services that they are intending to create instead of being busy trying to get financing and staying regulatory compliant.
The exchange is meant for both experienced and new users. For this reason, both the most straightforward and most complex trading order types will be featured on the platform. Also, there are plans to integrate a peer-to-peer (p2p) lending system based on a centralized fund managed and maintained by the company. Such transactions will be subject to interest rates based on supply and demand.
The white paper also makes it clear that the platform will feature the positive aspects of both centralized trading and decentralized settlements. The reason why the system has been designed this way was is to make sure that the exchange users won’t experience privacy, cost and scalability issues.
A Busy Exchange From the Start
The project is led by a European Bitcoin exchange active since 2011 — Paymium. Paymium has also been defined by Fintank as the first European regulation-compliant Bitcoin exchange. All of that boils down to a lot of expertise that the exchange will have since day one.
Moreover, expertise isn’t the only thing that Paymium is willing to transfer to Blockchain.io. The old exchange claims to have over 170.000 registered users, and those will automatically get a Blockchain.io account alongside incentives to use it.
The Blockchain.io token sale will start on Sept. 27, and when it ends at the end of October, the exchange will begin its operation right after in November.
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Top Five Reasons to Attend Hyperledger Global Forum

With business and technical tracks filled with a diverse range of speakers – from Kiva to the Royal Bank of Canada and from Oracle to the Sovrin Foundation – there’s plenty of educating and engaging content for anyone looking to deepen their knowledge about enterprise blockchain. However, there are many other great reasons to make sure Hyperledger Global Forum is on your calendar for December 12-15, 2018. Here are five things that make this a must-attend event:
The fast-growing Hyperledger community is putting blockchain to work with PoCs and production deployments around the world. Hyperledger Global Forum is your chance to see live demos and roadmaps showing how the biggest names in financial services, healthcare, supply chain and more are integrating Hyperledger technologies for commercial, production deployments.
With 100 technical and business leaders taking that stage at Hyperledger Global Forum, there will be no shortage of information at the show. But the formal talks and technical sessions are just the starting point for hearing from experts. Blockchain technology is developing quickly and Hyperledger’s framework and tools are community built, so expect every conversation to be an opportunity to learn.
At its core, Hyperledger is a global community built on the belief you can do more to advance blockchain technologies by working together than by working in isolation.
Hyperledger Global Forum is the first worldwide meeting of those invested in or intrigued by this community-based approach, so making connections, getting involved and sharing resources will be top of mind for everyone there. There’s no better way place to become part of the global team.
A robust line-up of tutorials and workshops means hands-on learning in how to install, contribute to, and build products and services on top of Hyperledger open source business blockchain frameworks.
Basel, the culture capital of Switzerland and home to numerous art galleries and the highest concentration of museums in the country, makes a great backdrop to this truly international event. Take your networking off the show floor with dinner and a walk through the history of automobile cars from 1901 to 2009 at the conference party on December 12 at Basel Pantheon.
Make sure to take time to indulge in some raclette or cheese fondue, both Swiss specialties. Or enjoy a glass of mulled wine while strolling through the Christmas market, one of the most beautiful and largest in the country. (Attendees will receive a guest card that provides free use of public transportation and a 50% discount on admission to all of Basel’s museums.)
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CyberCrimeCon 2018

This year’s CyberCrimeCon will bring together more than 1000 cybersecurity experts from Europe, Middle East and Asia. A separate session will be dedicated to cybersecurity of the crypto industry, which has been one of the major themes in 2018. Hackers turned their attention to blockchain projects, cryptocurrency exchanges and crypto funds, which are vulnerable to cyber attacks.

CyberCrimeCon 2018 will assemble speakers from all over the world – representatives from INTERPOL, Europol, cyber police from different countries, top executives of banks, telecommunications and cybersecurity companies.
The conference will focus on international cybercrime trends and forecasts as well as the analysis of the most dangerous hacking groups’ attacks. Top industry experts will discuss new vectors of attacks in blockchain industry and the technologies aimed at protection against cyber threats.
Group-IB will also present its annual report «Hi-Tech Crime Trends 2018», which analyses key cybercrime trends of 2018.
CyberCrimeCon 2018 will take place in Moscow on October 9-10.
Visit the official website to learn more details and register for the event: https://2018.group-ib.com/
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Austria Tourism Pilots Blockchain Tech Using Ethereum-Based Token

ANTO is participating in a pilot with Adbank, an Ethereum-based ad platform powered by the ADB token that aims to reduce ad fraud; a problem that will cost advertisers $51 million a day in 2018. The platform also aims to reduce fees by ad tech middlemen, some of which are marking up the cost of ads by up to 70% or more.
The blockchain-powered ad campaign has another notable player in the mix with Red Bull Media House providing inventory on the publisher side via their alpine lifestyle publication Bergwelten. The Red Bull team agreed to participate in the campaign using Adbank’s technology after a visit to their headquarters in Salzburg, Austria in April by co-founders Kelsey Cole and Angelo Dodaro.
Angelo Dodaro, CMO & Co-founder of Adbank:
“It’s exciting to see a country like Austria acknowledging the powerful use case that exists for advertising on the blockchain. This level of transparency between advertiser and publisher is unprecedented, especially for an organization like ANTO. For the first time advertisers like them can see where their money is going, rather than going into a ‘black box’ that shows data we know for a fact is questionable.”
Studies have shown that programmatic digital ad networks take 48 cents of every dollar on average and that’s before ad fraud comes into the mix. Ad fraud is a particularly insidious issue in the industry with 56% of all website traffic being driven by bots & non-human traffic.
Whether you are a corporation, small business or non-profit, blockchain technology has the power to clean up the murky areas of commerce and help advertisers understand how much of their budget actually goes towards reaching their intended audience.
Michael Scheuch, Head of Brand Management for ANTO, had this to say about working with the up and coming cryptocurrency startup:
“We are actively positioning Austria to be one of the premier global destinations to visit all year round. In the pilot with Adbank, one of the more interesting blockchain applications in the advertising sector, we hope to overcome on a global scale various difficulties within classic online advertising.”
Adbank completed their blockchain-based payment protocol in March that will work in combination with their patent-pending anti-fraud AI (artificial intelligence). They are one of the few ad tech companies in the world in the race to fix the advertising industry’s problems with the tech that was birthed by Bitcoin: blockchain.
According to the World Travel and Tourism Council, global governments spent a combined $413 billion in 2016 on promoting tourism in their local countries.
Co-founder and CSO Kelsey Cole says:
“Markups and ad fraud cost the tourism industry billions per year and there is little to no accountability with the current advertising ecosystem. ANTO will be the first of many travel-focused partners to mark the beginning of an era where the advertiser has the control they deserve using Adbank’s technology.”
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