British Pound Talking Points GBP/USD trades to fresh 2018 lows as fresh data prints coming out of the U.K. do little to sway the monetary policy outlook, and recent price action warns of a further decline in the exchange rate as the Relative Strength Index (RSI) pushes deeper into oversold territory. GBP/USD Eyes June 2017-Low as U.K. CPI Fails to
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A Ripple executive has said that the distributed payments service provider is looking to expand their operations in China. However, it seems unlikely that such a move would translate into greater usage of the platform’s digital currency, XRP. Banks Love Ripple but Have Little Interest in XRP The vice president of Ripple’s strategic accounts in Europe, Jeremy Light, stated that
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The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock marched into the field of
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The legal woes of biotech company-turned-crypto miner Riot Blockchain don’t appear to be slowing down. In the firm’s latest 10-Q quarterly report, filed to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Riot Blockchain provided more details about the SEC’s investigation into the firm’s blockchain pivot, noting that the regulator is now looking into a number of the firm’s
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CoinGeek.com Associates Sign Exclusive Deal to Distribute Next Generation ASIC Mining Rigs Upon receiving recent substantial funding, Squire Mining Limited, a listed issuer on the Canadian Stock Exchange (“Squire”), is now engaged in the business of developing, manufacturing and selling data mining infrastructure and system technology (including ASIC chips and mining rigs) to support… The post CoinGeek.com Associates Sign
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Cryptocurrency investor Michael Terpin has sued the telecom giant AT&T, alleging that the company failed to protect his cell phone from a hacking incident that ultimately cost him $24 million. In a lawsuit filed by Los Angeles litigation firm Greenberg Glusker on August 15, Terpin claimed that AT&T’s employees have been complicit in a SIM swap fraud. In this type of
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Ever since the Bitcoin network was launched the online world of digital bounty hunting began to prosper significantly, allowing individuals the ability to scour the web for jobs that pay in cryptocurrency. Just recently Bitcoin.com revamped its portal, Bitcoin Bounty Hunter, a service that allows anyone to anonymously crowd source bounties to complete tasks. Armchair detectives and online bounty hunters
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30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent of responding companies further indicated they had found mining malware… The post 30% of UK
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Euro is trading into fresh yearly lows today with price now testing key near-term support objectives. Here are the updated targets and invalidation levels that matter on the EUR/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. EUR/USD Daily Price Chart Technical Outlook: In my Weekly Technical Perspective on Euro we noted that
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Net-Long Positions Reach Highest Level Since August 2nd US 500: Retail trader data shows 34.3% of traders are net-long with the ratio of traders short to long at 1.92 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2710.55; price has moved 3.7% higher since then. The percentage of traders net-long is now
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