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Cryptocurrency prices analysis and forecast – 23 October 2018

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BTC/USD
BTC/USD is being traded at $6,566 and continues to move sideways. Over the last trading day, we saw a retest of the support zone, after which the price returned to the price area of $6,5500. This zone is surprisingly the “level of attraction” for the quotes of this coin since the beginning of September. Two news became good news for investors. The first is that the organization FATF, which is developing world standards in the field of combating the laundering of criminal proceeds and the financing of terrorism, is going to develop rul ...
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Ethereum: a shitcoin that returns to the "Drop to zero" plan?

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During the virtual conference on Friday, October 19, the developers announced that the implementation of the Constantinople update of the Ethereum was postponed until the beginning of 2019. The team members, who originally planned to conduct hardfork in November, decided to postpone it since several bugs were found in the code running in the testnet.

Conference:

https://www.youtube.com/watch?v=5Q67tmkZ5So
How big is the disaster?
It feels to be the right thing to do and the heading should be explained as you probably opened this ...
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Cryptocurrency prices analysis and forecast – 22 October 2018

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BTC/USD
BTC/USD is being traded at $6,636 and continues the corrective movement. During the weekend, the quotes showed good movement, testing both the support area near $6,550 and the area of the signal lines of the Ichimoku Kinko Hyo Cloud at $6,630. We called these marks on Friday but did not expect that over the weekend the price would be able to get to both of these points. Now there is a high probability that the coin will get stuck within a fairly wide flat of $6,900 - $6,300. Looking ahead, we can say that before the price leaves ...
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Bitcoin fund fined $2.5 million

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New York federal court fined hedge fund Gelfman Blueprint Inc along with its CEO Nicholas Gelfman for $ 2.5 million.

According to local media, the fund organized a Ponzi scheme, that is, a fraudulent scheme, according to which customers are promised high returns and minimal risk.

According to the information on the company"s website, in 2015, the fund had 85 customers. The fund managed a total of 2367 bitcoins.

Last September, the US Commodity Futures Trading Commission (CFTC) already accused Gelfman Blueprint Inc of fraud and found ...
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Cryptocurrency prices analysis and forecast – 20 October 2018

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BTC/USD
BTC/USD is being traded at $6,560 and continues to decline. After the expected fall to $6,500, the price has stabilized a bit. On the technical analysis side, the fourth day is trading along the resistance line of the triangle, level D1. We are witnessing phenomenally low volatility compared to last year. This allows the price for an incredibly long time to remain inside a contracting triangle, with a bottom edge of $6,000 and downward resistance. Already at the end of next week, the downward resistance will cross the support line. ...
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Goldman Sachs and Novogratz"s bank have invested $15 million in BitGo

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Financial giant Goldman Sachs and Mike Novogratz"s cryptocurrency bank Galaxy Digital have invested $15 million in developing BitGo, a startup that specializes in developing services for the safe storage of digital assets.

Thus, the total amount of funds raised by the BitGo team reached $58.5 million, reports Street Insider.

BitGo"s CEO Mike Belshe said:
No one is better positioned than BitGo to serve institutional investors who want to trade cryptocurrencies and digital assets. That’s why we’re focused on figuring out what it takes to ...
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