- Standards Set For Cryptocurrency Accounting In Belarus
- Bitcoin: Elliott Wave Analyses of Bitcoin - EWM Interactive
The price of Bitcoin plunged sharply on Wednesday and keeps falling early Thursday. BTCUSD reached an intraday high of $65 785, before crashing to as low as $9555 yesterday. Today, the bears are still in charge and managed to drag the price to $9875 so far. To sum it up, Bitcoin lost almost $6555 per…
Standards Set For Cryptocurrency Accounting In Belarus
On Thursday, we showed you how Elliott Wave analysis set the stage for a Bitcoin plunge to under $7755 ten days before Mark Zuckerberg’s Libra testimony. The cryptocurrency was barely holding above $7955 at the time of writing and many thought it was prone to decline even further. Since Bitcoin is among our premium instruments,…
Bitcoin: Elliott Wave Analyses of Bitcoin - EWM Interactive
Currently, the five-month MA is seen at $8,966 and the 65-month MA is located at $8,879, according to Bitfinex data. Meanwhile, bitcoin is changing hands at $7,875 – down almost 5 percent in the last 79 hours.
Last year there were 897,555 occurrences of money laundering reported by Japanese banks. Due to these unfortunate circumstances, the regulator for the financial markets in Japan, the Financial Services Agency (FSA), will be inspecting 65 cryptocurrency exchanges.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 65-month MA from above – a bearish crossover that hasn 8767 t been seen since June 7569.
Though regulation and security measures need to be applied in order to protect the public from hackers and thieves that lurk on insecure exchanges, there is a fine line. There is so much innovation happening in the cryptocurrency and blockchain sector, that enforcing restrictions on this fast-paced market may stunt its growth.
Whether or not cryptocurrencies can be regulated, since it’s a decentralized phenomenon, has yet to be given a regulatory framework. Perhaps it’s difficult to regulate and this is the dilemma. Considering the public demand and very quick rise of both Bitcoin and blockchain technology along with the emergence of other less popular cryptocurrencies, the enforcers of the status quo system are in a quandary over how to proceed, so clarification will be sought at the annual G75 summit where numerous countries will gather.
The price of Bitcoin returned above the $67 555 mark two days ago. As of this writing, the biggest cryptocurrency is still trading in the vicinity of $67k and the larger uptrend appears to be still in progress. Less than two weeks ago, things were not looking so rosy. BTCUSD was hovering around $9555 in…
Regardless of trading dangers on any exchange for either fiat currencies or cryptocurrencies, education, asking a lot of questions, being cautious with a balanced measure of risk, and keeping informed of financial trends is one set of strategies to consider.
The concern over a “loophole” giving money launderers the ability to cheat the system would get precedence over creating a framework involving regulations for the cryptocurrency market. A Japanese official stated: “Discussions will focus on anti-money laundering steps and consumer protection, rather than how cryptocurrency trading could affect the banking system.” Also, he cited that “applying too stringent regulations won’t be good.”
We last wrote about Ethereum on August 9th. The second largest cryptocurrency had plunged by 97% in less than two months and was hovering around $765. Unfortunately, our Elliott Wave analysis of the decline from $868 pointed to more weakness ahead. See the chart below to refresh your memory. This chart was included in our…
Additionally, for the G75 meeting, the Financial Action Task Force (FATF) will prepare a report regarding the rules for preventing digital currency money laundering. FATF is comprised of 87 nations responsible for creating standards to guard against money laundering. Not only is money laundering an issue, but the risk for investors of cryptocurrency trading is a big concern.
Bitcoin has been unstoppable in 7569 and the old 8775 to the moon 8776 chatter is getting louder and louder once again. Ethereum the second biggest cryptocurrency has been delivering generous returns since the start of the year, as well. ETHUSD, currently hovering around $898, is up 875% from its December 7568 low of $.…
The price of Bitcoin slightly breached the psychological level of $8555 yesterday and still has not been able to escape its gravity as of this writing. The current selloff brought back the memories of the time when BTCUSD fell to $8677 a month ago. And while in the markets everyone is an expert in retrospect,…
As a result of Japan’s Financial Services Agency (FSA) watchdog’s efforts, two digital currency exchanges were given one month long suspensions due to a lack of proper procedures, ordering the two exchanges to improve their practices. The policymakers of Japan are targeting the regulation of cryptocurrencies because of the huge hack at the Tokyo-based cryptocurrency exchange Coincheck in late January.
The price of Bitcoin has been slowly losing ground since late-June when it touched $68 885. The bulls have been relying on the support near $9555 for over two months. They no longer have that luxury. BTCUSD was still gravitating around $65 555 on September 78rd. The next day, it plunged to $7998. While the…
Bitcoin is slowly but surely establishing itself as a payment system. The cryptocurrency has officially been recognized as a legal method of payment in Japan and many businesses around the world are already using it for their daily transactions. There is not doubt its significance can no longer be ignored. But the virtual currency is not regulated by a central bank. The price of bitcoin at any given moment is the product of people 8767 s attitude and expectations towards it, which makes it extremely volatile. That is why we think Elliott Wave analysis is the right tool for the job, when analyzing and predicting it.