Current Price $541.27
A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season. Ya’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of Bitcoin network’s computing power, has recently issued a public guidance – likely…
A driving force behind the scenes of China’s ambitious blockchain infrastructure project says he used to be skeptical of the technology. “Initially I thought blockchain, especially distributed ledger technology [DLT], had no commercial value because it was too expensive,” said Yifan He, CEO of Beijing Red Date Technology. “Then I realized we can actually build a multi-framework platform to reduce the cost for…
The U.S. Departments of Justice (DOJ) and Homeland Security (DHS) have seized coronaprevention.org, alleging its owner tried to sell the domain for bitcoin after posting about it in a “hacker’s forum.” Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the Department of Homeland Security’s Criminal Investigations unit, who said they…
The Australian dollar fluctuated in a narrow range slanting toward decline during the Asian session, to witness its bounce to the fourth session in eight sessions from its highest since last March 12 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data…
The overall trend is downward. The resistance level of 8.00 holds back the bulls. A wedge trend continuation pattern has formed. Breaking through the support level of 7.00 will result in a further decline within the overall downtrend. Trading recommendations Sell below 7.00. Stop loss: 8.00. Target levels: 6.00; 5.30.
Сrude oil continues to fall in the global markets. Brent was trading at 15 USD per barrel, a price of mid-1999. This is a very serious challenge for crude oil companies. An ascending truncated pattern has formed on the chart (M5). The 306.88 resistance level holds back buyers. Stochastic Oscillator signals overboughtness. Trading recommendations: Sell while a descending wave pattern…
The 0.9000 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. An ascending truncated H4 level pattern has formed. Trading recommendations: Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending pattern, completing it. Stop loss for the local maximum…
The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce to the seventh session in thirteen sessions from the top since March 27 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of developments and economic data expected today Wednesday…
The pair is rising after yesterday’s drop caused by the collapse in crude oil prices. Today, amid the backdrop of the positive market sentiment, expect a local growth and the formation of the descending flag trend continuation pattern. Technical side: The price is at the level of the middle Bollinger band, above the SMA 5 and SMA 14. RSI crosses…
Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session to witness its bounce for the second session from the lowest since April 6, while the US dollar index rebounded for the fifth session in six sessions from the lowest since 30 March, according to the reverse relationship Between them on the threshold of…