GMTAuthor: Adam Button

No digital currency coming soon

Cash remains king and a digital currency isn't coming any time soon from Japan's central bank, according to deputy governor Masayoshi Amamiya Saturday.

"This is an option that can't be taken" he said regarding a digital currency.

He said that cash remains widely used so a switch to digital currencies would be inconvenient. The BOJ also can't rule out emergencies and that cash is the only medium of exchange when electricity is out.

Japan is one of a handful of developed countries that still overwhelmingly prefer to use cash (Germany is another). Only 20% of spending is done via cashless payment systems, according to a 2016 BOJ report.


ForexLive

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Tue 16 Oct 2018 19:21:44 GMT

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Bitfinex continues its quest for a bank account; reportedly finds one in Hong Kong

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Bitfinex continues its quest for a bank account; reportedly finds one in Hong Kong


//az705044.vo.msecnd.net/20180117/bitfinex.png Adam Button
Tue 16 Oct 2018 19:21:44 GMT
Category: Cryptocurrency
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Bitfinex cut off by HSBC Bitfinex and Tether have banking problems. Wells Fargo had been a corresponded for Bitfinex's Taiwan-based accounts until last year when it all fell apart after Wells refused to process wire transfers. Since then, it's been a series of shifts, including this week when the company briefly stopped accepting deposits.

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Trump says he finds Saudi explanation for Khashoggi killing credible
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Tue 16 Oct 2018 00:53:21 GMT

US cryptocurrency exchange Coinbase expanding Dublin office on Brexit uncertainty

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US cryptocurrency exchange Coinbase expanding Dublin office on Brexit uncertainty


https://az705044.vo.msecnd.net/20181016/btcusd-chart-bitcoin-coinbase.png Eamonn Sheridan
Tue 16 Oct 2018 00:53:21 GMT
Category: Cryptocurrency
0
Coinbase is to expand its European operations, opening an office in Ireland - Its keeping the London office but expanding into Dublin - The crypto firm citing uncertainty over Brexit in its decision  No mention of lack of snakes but I bet that was a consideration, thanks St. Pat.

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Mon 15 Oct 2018 14:21:19 GMT

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Tether disconnects from the US dollar, sparking fears

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Tether disconnects from the US dollar, sparking fears


//az705044.vo.msecnd.net/20181015/0-2018-10-15_10-10-08.png Adam Button
Mon 15 Oct 2018 14:21:19 GMT
Category: Cryptocurrency
10
Tether falls Tether is a stable coin that's pegged at one-to-one with the US dollar. The problem is, there have been relentless rumors that the dollars backing it don't exist.

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Sun 14 Oct 2018 23:35:21 GMT

Barclays halts work on cryptocurrency trading project - has been put 'on ice'

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Barclays halts work on cryptocurrency trading project - has been put 'on ice'


https://az705044.vo.msecnd.net/20181014/bitcoin-chart-weekend.png Eamonn Sheridan
Sun 14 Oct 2018 23:35:21 GMT
Category: Cryptocurrency
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Barclays had a cryptocurrency trading project in the works, to incorporate the trading of digital assets into its markets business But, that has been halted. cites two unnamed sources - "two people familiar with the situation"

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Fri 12 Oct 2018 19:35:20 GMT

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Bitcoin consolidates near low levels for the week. What next?

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Bitcoin consolidates near low levels for the week. What next?


//az705044.vo.msecnd.net/20181012/2018-10-12_12-14-26aaadd.jpg Greg Michalowski
Fri 12 Oct 2018 19:35:20 GMT
Category: Cryptocurrency
9
Thursday tumble sends the digital currency back down toward 2018 lows The price of Bitcoin moved lower this week and in the process moved away from the 100 day MA and toward the lows of 2018.  

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Thu 11 Oct 2018 01:37:49 GMT

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Kudos to the Bitcoin technical analyst who called it lower - nice timing

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Kudos to the Bitcoin technical analyst who called it lower - nice timing


https://az705044.vo.msecnd.net/20181010/bitcoin-chart.png Eamonn Sheridan
Thu 11 Oct 2018 01:37:49 GMT
Category: Cryptocurrency
1
Remember the chart posted yesterday on the BTC cryptocurrency? Linky here:  chart suggests its biased for a fall Reminder: Well, its really copping a smashing today in Asia, current:

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Wed 10 Oct 2018 03:06:22 GMT

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One for the Bitcoin technical analysts – chart suggests its biased for a fall

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One for the Bitcoin technical analysts – chart suggests its biased for a fall


https://az705044.vo.msecnd.net/20181010/bitcoin-chart.png Eamonn Sheridan
Wed 10 Oct 2018 03:06:22 GMT
Category: Cryptocurrency
4
Here as something, a technical analyst from Reuters on the cryptocurrency Bitcoin is biased to fall to $6,465 - after it failed to break a resistance at $6,646 twice (resistance based on the 50% retracement of the uptrend from $5,880 to $7,411.85) Comments welcome

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Mon 1 Oct 2018 22:38:26 GMT

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UK Chancellor Hammond says blockchain could solve the Irish border Brexit issue

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UK Chancellor Hammond says blockchain could solve the Irish border Brexit issue


Eamonn Sheridan
Mon 1 Oct 2018 22:38:26 GMT
Category: Cryptocurrency
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I am posting this from UK Chancellor of the Exchequer Phillip Hammond for the LOLs really When asked about how the government could achieve smooth trade after Brexit

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Sat 29 Sep 2018 00:15:26 GMT

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Attention London forex and crypto traders

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Attention London forex and crypto traders


https://www.youtube.com/embed/iHIhLxlVK6E Adam Button
Sat 29 Sep 2018 00:15:26 GMT
Category: Cryptocurrency
3
Join me at the Finance Magnates London Summit on Nov 14 Let's meet up in London. Register for free here . Attention London FX and crypto traders. I'm going to be in London on November 14 for the Finance Magnates London Summit.

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Wed 26 Sep 2018 18:00:20 GMT

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FOMC full statement from the September 2018 meeting

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FOMC full statement from the September 2018 meeting


Greg Michalowski
Wed 26 Sep 2018 18:00:20 GMT
Category: Cryptocurrency
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Fed raises rates by 0.25%> Removes "accomodative" policy  Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.

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Tue 25 Sep 2018 23:19:45 GMT

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'Tokyo Whale' a big seller of Bitcoin (230m USD amount)

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'Tokyo Whale' a big seller of Bitcoin (230m USD amount)


https://az705044.vo.msecnd.net/20180925/btc-charty.png Eamonn Sheridan
Tue 25 Sep 2018 23:19:45 GMT
Category: Cryptocurrency
5
Greg had the good (whale?) oil on BTC overnight: where he noted sales of the crypto related to the ongoing wind down of Mt Gox ICYMI, here is the Bloomberg piece on the big sale of BTC:

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Tue 25 Sep 2018 19:41:24 GMT

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Ripple co-founder isn't doing cryto any favors with heavy sales

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Ripple co-founder isn't doing cryto any favors with heavy sales


//az705044.vo.msecnd.net/20180925/ripple-daily-d.png Adam Button
Tue 25 Sep 2018 19:41:24 GMT
Category: Cryptocurrency
2
Jed McCaleb dramatically increases sales Ripple co-founder left the company more than two years ago but he benefitted from the incredible boom in it and crypto generally. Now he's dumping his XRP.

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Tue 25 Sep 2018 15:08:40 GMT

Google to end cryptocurrency ad ban

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Google to end cryptocurrency ad ban


Adam Button
Tue 25 Sep 2018 15:08:40 GMT
Category: Cryptocurrency
0
Company updates policy Google will allow cryptocurrency ads on its platforms once again. The company plans to allow regulated crypto exchanges to buy ads in the US and Japan starting in October.

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Tue 25 Sep 2018 14:55:13 GMT

Bitcoin falls falls over 3%. Trades back below MA lines.

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Bitcoin falls falls over 3%. Trades back below MA lines.


//az705044.vo.msecnd.net/20180925/2018-09-25_7-24-33.jpg Greg Michalowski
Tue 25 Sep 2018 14:55:13 GMT
Category: Cryptocurrency
0
Critical code failure and Mt Gox continued wind down could be the reasons. There is a lot of chatter today about how a critical code failure in Bitcoin's code that could have been  than the 21 million, was discovered and fixed last week.  Nevertheless, it has developers wondering if such a severe bug could be added to the code again?  It also does not help the case for regulatory approval of bitcoin (as an ETF) or may lead to more regulatory oversight overall.  

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Mon 24 Sep 2018 03:53:09 GMT

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Kleptos [cryptocurrencies] a gambling product, not an investment product

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Kleptos [cryptocurrencies] a gambling product, not an investment product


https://az705044.vo.msecnd.net/20180924/btc-price-chart-update.png Eamonn Sheridan
Mon 24 Sep 2018 03:53:09 GMT
Category: Cryptocurrency
1
Peter Cruddas is founder of CMC markets The UK Telegraph have a profile which makes interesting reading on this slowish Asia afternoon But , well the Tele is gated. So, .

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Fri 21 Sep 2018 15:48:51 GMT

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Ripple rips above its 200 day MA for the first times since May

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Ripple rips above its 200 day MA for the first times since May


//az705044.vo.msecnd.net/20180921/2018-09-21_8-11-30.jpg Greg Michalowski
Fri 21 Sep 2018 15:48:51 GMT
Category: Cryptocurrency
8
Stay above keeps the bulls in control . The digital offering rose some 77% from yesterday's close at the high.  Just when you thought cannibas would overtake digital currencies, the market in digital heats up again. Is it for real?

Asset 24 View More
Fri 21 Sep 2018 15:14:50 GMT

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Ripple jumps 77% in a day, passes Ethereum as second-largest cryptocurrency

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Ripple jumps 77% in a day, passes Ethereum as second-largest cryptocurrency


//az705044.vo.msecnd.net/20180921/ripple.png Adam Button
Fri 21 Sep 2018 15:14:50 GMT
Category: Cryptocurrency
6
Ripple soars Sell pot stocks and buy crypto? Ripple is on fire today. It's up 77% in the past 24 hours to 0.652. It was as low as 0.25 earlier this week.

Asset 24 View More
Thu 20 Sep 2018 08:14:35 GMT

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ECB's Villeroy says that Bitcoin is probably a bubble

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ECB's Villeroy says that Bitcoin is probably a bubble


//az705044.vo.msecnd.net/20180920/20-9-2018-4-06-14-pm.png Justin Low
Thu 20 Sep 2018 08:14:35 GMT
Category: Cryptocurrency
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ECB member Villeroy speaks in Paris - Bitcoin raises money laundering problems ForexLive The key word there isn't 'bubble' but 'probably'. For that to become a certainty, it would require price to slide below the pivotal support region just under $6,000:

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Thu 20 Sep 2018 02:49:02 GMT

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New cryptocurrency platform, Elixxir to process thousands of transactions a second

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New cryptocurrency platform, Elixxir to process thousands of transactions a second


Eamonn Sheridan
Thu 20 Sep 2018 02:49:02 GMT
Category: Cryptocurrency
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David Chaum has unveiled a new platform to speed trading of digital cash The Wall Street Journal carrying this (Elixxer news hit yesterday I believe?, but announced today in Singapore)

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Thu 20 Sep 2018 02:33:06 GMT

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Japan authorities conducting emergency checks on cryptocurrency exchanges

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Japan authorities conducting emergency checks on cryptocurrency exchanges


https://az705044.vo.msecnd.net/20180920/japan-fsa-bitcoin.png Eamonn Sheridan
Thu 20 Sep 2018 02:33:06 GMT
Category: Cryptocurrency
1
Reuters with a headline highlighting customer assets:  - Japan's FSA conducting emergency checks on cryptocurrency exchange operators' management of customer assets Just that headline right now, nothing further. I suspect it is something to do with the hack news from overnight (see the big wobble in the chart below)

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Wed 19 Sep 2018 19:20:06 GMT

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Who needs bitcoin when you have Tilray?

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Who needs bitcoin when you have Tilray?


//az705044.vo.msecnd.net/20180919/2018-09-19_12-00-05.jpg Greg Michalowski
Wed 19 Sep 2018 19:20:06 GMT
Category: Cryptocurrency
2
The new bitcoin and they have a product too The price of Tilray - a Canadian-based company and supplier of cannabis products to pharmaceutical distributors - is trading up $116 at $272 (it actually moved up to $300 but I am not that quick). The company went public in July at $17. The gain today is 73%. If you bought at the IPO, you would have a 15 bagger (15x gain).  Wow.

Asset 24 View More
Tue 18 Sep 2018 23:28:23 GMT

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The wild west cryptocurrency market – more regulation on the way?

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The wild west cryptocurrency market – more regulation on the way?


https://az705044.vo.msecnd.net/20180918/btc-daily-chart.png Eamonn Sheridan
Tue 18 Sep 2018 23:28:23 GMT
Category: Cryptocurrency
3
A UK government parliamentary committee says yes, in order to help combat crimes such as money laundering Daily BTC: Parliament's Treasury Committee More for the cyrpto folks

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Tue 18 Sep 2018 19:21:59 GMT

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Most crypto exchanges aren't doing enough to prevent manipulation, New York AG says

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Most crypto exchanges aren't doing enough to prevent manipulation, New York AG says


//az705044.vo.msecnd.net/20180911/crypto-justice.png Adam Button
Tue 18 Sep 2018 19:21:59 GMT
Category: Cryptocurrency
1
New York Attorney General publishes report on crypto Crypto exchanges are vulnerable to manipulation and most aren't doing enough to protect users, according to a 32-page "Virtual Markets Integrity Report" today.

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Tue 18 Sep 2018 17:20:09 GMT

Bitcoin corrects up to 200 hour MA today. Seller lean and increase the MAs importance.

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Bitcoin corrects up to 200 hour MA today. Seller lean and increase the MAs importance.


//az705044.vo.msecnd.net/20180918/2018-09-18_10-15-09.jpg Greg Michalowski
Tue 18 Sep 2018 17:20:09 GMT
Category: Cryptocurrency
0
Keeps the bears more in control The price of bitcoin has seen a rebound today after the sharp fall lower yesterday. That fall, took the price below the 100 and 200 hour MAs  (blue and green lines). The low reached near the end of trading yesterday, fell short of the lows from September at $6116 to $6191. They remain targets for sellers.  The low reached $6207.  

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