Author: Traderman

BitShares Technical Analysis for 02/17/2016 – Price Sitting on Key Pivot Level

The BitShares digital currency hit a high of 0.00001444 on the 12th of February, and since that day, there hasn’t been any sufficient buying momentum to rally to new highs. Instead, price has oscillated around the 0.00001170 price level for a whole week. The 30-minute charts reveals that the 0.0000117 price level has been used as support a total of four times in the past six days; twice on the …
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Monero Technical Analysis for 02/17/2016 – Pivot Zone Review

The triangle formation – which I outlined in my previous Monero technical analysis – broke upwards in a very dramatic fashion. The market topped out at 0.00246 yesterday, and price sold-off in an even more dramatic fashion today. While not visible on the 2-hour and 4-hour charts, the 15-minute chart reveals that 0.0021 is now an important technical level. This area acted as resistance on two occasions on the 15th. …
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Bitcoin Exchange ItBit Appoints Former Société Générale Director

ItBit, a digital currency trading firm based in New York, has appointed Jason Nabi as head of its London-based gold trading operation. Nabi, who previously worked at Société Générale as a Managing Director and Global Head of Broker-Dealer Services, will be in charge of itBit’s new offices in Europe, Africa and the Middle East. Itbit is hoping to reinvent UK’s gold trading market with its bankchain offering, which is a …
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Mizuho Financial Group Partners with Cognizant on Blockchain Project

Mizuho Financial Group, one of Japan’s most prominent financial institutions, has announced a partnership with Cognizant, a world leader in business and technology solutions, in order to develop a blockchain-based record storage system for Mizuho and its subsidiaries. According to the press release, this deal is only the first step in a broader strategy that will see Mizuho Financial revamp its digital transaction processing facilities. Cognizant will be leveraging its …
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