Author: Traderman

Australian Authorities Clear Banks in Bitcoin Account Suspension Probe

The Australian Competition and Consumer Protection Commission (ACCC) has decided that several banks did not violate any statutes in closing the accounts of several digital currency companies across the country. The investigation was prompted when the Australian Financial Times published a scathing piece in September of last year, which claimed that seventeen bitcoin companies had received letters from their banks that stated that they would lose access to their accounts. …
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Royal Bank of Canada Expands Experimentation with Blockchain Tech

Royal Bank of Canada (RBC), one of Canada’s largest financial institutions with close to $343 billion of assets under management, has revealed that it is expanding its experimentation with blockchain technology. In November of last year, RBC announced that it was implementing a distributed ledger loyalty points program for its customers, in order to get its clients familiar with the novel technology. In a recent interview with CoinDesk, Linda Mantia, …
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Ethereum Technical Analysis for 02/13/2016 – Plenty of Pivot Zones

The Ethereum digital currency retraced after hitting yet another all-time high of 0.0178 yesterday. This retracement has been very ordered and the market has left some very distinct pivot zones, which are quite visible on the 15-minute, and also on the 30-minute chart. The 0.016 pivot area is most visible on the 15-minute chart, which shows this level acting as support on two occasions and once as resistance.   The …
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SEC Files Motion For Default Against GAW Miners and ZenMiner

The Securities and Exchange Commission has a filed a motion for a default judgement against GAW Miners and ZenMiner. “The Commission seeks a default judgement because GAW Miners and ZenMiner failed to answer or otherwise defend the Commission’s Complaint against them” The mining firms, which were run by Joshua Garza, are accused of swindling investors out of millions of dollars by misrepresenting the amount of real mining equipment the companies …
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