Traders continued to take profit on last week’s crude oil rally, sending the front-month WTI and Brent contracts -0.325 and -0.21% lower, respectively. For refined oil products, heating oil dropped -0.91% while the RBOB gasoline contract gained +0.66%….
Key Highlights ETH price is now following a declining path and moved below the $294 support against the US Dollar. There is an expanding triangle forming with resistance at $294 on the hourly chart of ETH/USD (data feed via SimpleFX). The price might correct higher, but upsides seem to be capped by the $294-296 resistance. … Continue reading Ethereum Price Technical Analysis – ETH/USD Struggle Continues
IOTA is exhibiting bearish momentum as it broke below support of its consolidation patterns highlighted earlier on. IOTA is an open-source distributed ledger protocol launched in 2015 that goes beyond blockchain through its core invention of the blockless ‘Tangle’. This is a quantum-resistant Directed Acyclic Graph whose digital currency has a fixed money supply with zero […]<br />The post IOTA Technical Analysis for 10/04/2017 – Next Downside Targets appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012.
Our first target which we predicted in Yesterday’s analysis has been hit. The pair remains under pressure below its key resistance at 149.80 and is likely to challenge its next support at 148.95 in the coming trading hours. The relative strength index …
HONG KONG — 4 OCTOBER 2017 — Following the Hong Kong Securities and Futures Commission’s (SFC) statement on initial coin offerings (also known as ICOs or token sales) on 5 September 2017, Gatecoin has been working with legal advisors to determine the impact of the statement on our business.
We are currently awaiting the results of a regulatory compliance review by our legal advisors on the legal status of specific tokens that we have listed on our exchange. The review will determine whether a token that we have listed fits the category of a security under the Hong Kong Securities and Futures Ordinance, and if so whether the token founders have taken steps to structure their token in accordance with the SFC’s framework.
Tokens deemed likely to be categorized as securities will be delisted from Gatecoin. Once we have confirmed which of these tokens are to be delisted, clients will have one week to trade their tokens for bitcoin (BTC) or ether (ETH).
After this period, both trading and deposits of that token will no longer be available through our exchange. However, Gatecoin will still be able to store the delisted tokens in our wallets on behalf of clients that maintain balances after trading and deposits have been disabled.
Clients continuing to hold balances in these delisted tokens will be provided with a one-month period to withdraw these funds from their Gatecoin accounts. We will send multiple updates to clients with balances in these delisted tokens to ensure that they are adequately informed of the inability to trade these tokens on our exchange following the delisting.
A future update will specify which tokens will be delisted from our exchange.
In the meantime, if you have any questions please contact:
NZD/USD is expected to trade with bearish outlook as key resistance lies at 0.7205. Although the pair posted a rebound, the upside potential should be limited by the key resistance at 0.7205. Even though a continuation of the technical rebound cannot b…
When the European market opens, some Economic Data will be released, such as German 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US wi…
In Asia, Japan today will not release any Economic Data, but the US will release some Economic Data, such as Crude Oil Inventories, ISM Non-Manufacturing PMI, Final Services PMI, and ADP Non-Farm Employment Change. So, there is a probability the USD/JP…