Brexit: preparations have started
Today, the UK parliament starts the debate on Boris Johnson's Brexit paper. What are the likely consequences for the GBP?
Weekly Cryptonews
Andreas Antonopoulos, Bitcoin guru: “I would say Bitcoin is the fifth evolution of money in its most abstract form coupled to a new governance model that delivers the purest form of network governance we’ve ever seen.”
Let’s look at the daily chart of Bitcoin. The week has been optimistic for the digital currency. On Tuesday, it bounced from the $3,935 level rose higher. At the moment, the oldest cryptocurrency is targeting the resistance at $4,212. If this level is broken, the next resistance will lie at $4,291. If bears take over the market, Bitcoin will plunge to the support at $4,037. The next support is placed at $3,935. What about indicators? Parabolic SAR shows an upward movement for the digital asset, while ADX demonstrates the strength of bulls. If we look at RSI, we see that the indicator is approaching the overbought zone, if it enters this zone and leaves it, it may provide a short-term selling opportunity.
New announces:
- Japanese online retailer Rakuten and Yahoo! Japan got the government’s approval for launching their own crypto trading platforms.
- Linh Thanh Group and KRONN Ventures got a license for the creation of the first regulated crypto exchange platform in Vietnam. At the same time, cryptocurrencies are banned in the country.
- Wuabit company develops a crypto wallet for WhatsApp. Does Zuckerberg know about it?
- Pantera Capital venture company invested $160 million in crypto exchange platforms and blockchain startups. It’s worth to mention that they planned to gain $15 million more.
- Apple announced the launch of a virtual credit card with free support.
- Largest railway company of Japan JR East considers starting accepting crypto.
Pay attention:
- Kaspersky Lab antivirus company warns about the Lazarus hacker group, which has prepared new scenarios for attacking crypto exchange platforms and their users.
Similar
Where will EUR/USD head to?
What are the forecasts for EUR/USD in 2020 by major banks?
Bitcoin falls below the $10,000 level
The digital asset could not stick above the 50-day SMA for a long time.
Latest news
EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The ECB is going to move the euro
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
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