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USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart. The pair has created higher lows and found resistance at the 121.00 handle, forming an ascending triangle chart pattern.

The pair is testing the triangle support near the 118.50-119.00 region at the moment and may be due for a bounce. The shorter-term EMA is still moving above the longer-term EMA on the daily time frame, suggesting that the uptrend could continue. Price could test support at the 118.00 handle near the longer-term EMA, which has held as a dynamic inflection point in the past.

USDJPY Market Outlook

A break below this area could mean more losses for USDJPY, possibly until the next support at 116.00. On the other hand, sustained buying pressure could lead to a move back to the triangle resistance at 121.00 or perhaps a break higher.

Data from the US economy has been mostly disappointing last week, forcing the dollar to return most of its recent gains. There are no top-tier releases from the US and Japan this week but risk aversion might lead to renewed support for the dollar, as the Greek debt talks don’t appear to be reaching a resolution just yet.

In terms of fundamentals, the US economy is still on a much stronger footing compared to Japan. However, the yen is emerging as a more preferred safe-haven currency for now, although weakness in the Asian region could lead to a reversal.
A USDJPY breakout in either direction could last by 500 pips, which is the same height as the triangle formation. A move past 121.00 could lead to a rally until 126.00 while a break below 119.00 might lead to losses until 114.00. Of course this depends on how market catalysts play out for the next few days.

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BitGo to Provide Seamless and Secure Bitcoin Trading Infrastructure with TradeBlock

In a press release, BitGo, the leader in Bitcoin security, announces that it has entered into a partnership with online cryptocurrency data provider TradeBlock. The purpose behind the partnership is to take assistance from TradeBlock’s execution and analysis tools to provide a complete security and transaction solution for private and institutional Bitcoin traders.
At the occasion TradeBlock CEO Greg Schvey said that today’s trading environment demands flexible, responsive and highly connected infrastructure. At the same time it also wants to remain completely secure and in such a situation the two companies that are known in the industry for their solution can serve the purpose well.

He says that the combination of TradeBlock’s execution and analysis tools with BitGo’s class leading multi-signature security creates the most powerful of feature set available to traders today. Nonetheless, the agreement entered into provides that BitGo and TradeBlock will work to create seamless interoperability between the companies’ product suites.

The two companies will be working on to get an easy to integrate system for private and institutional customers. The press release informs that now institutional and individual traders can manage their over-the-counter trading activity and portfolio in a single system that is not just secure but user-friendly as well.

Sharing his views BitGo CEO Mike Belshe said that the increasing pace and heightened stakes of the crypto currency markets is demanding a modular approach to infrastructure. According to him gone are the days when a new startup could spend a year building isolated, one-off transactional infrastructure.

He admitted that BitGo and TradeBlock’s solutions together represent the cutting edge of modular, managed infrastructure. Formed not long ago, BitGo pioneered multi-sig technology in 2013 and since then it has developed a wide range of products and solutions that set the bar for Bitcoin security.

Bitcoin Security will be Higher Priority

At the time when Bitcoin security is becoming a prominent issue, BitGo offers Security as a Service products targeted towards both the consumer and enterprise markets that include API-based security. The Bitcoin management infrastructure and insurance-backed Bitcoin theft and loss prevention is emerging as a popular trend.

Nonetheless, as BitGo and TradeBlock also plan to begin automating other aspects of the trading process, the dream of safe and secure Bitcoin trading would become easy. It will not just be easy for any user to trade Bitcoin but stay assured about the safety and security of their digital currencies.

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CoinHako Becomes the First Asian Exchange to Fully Insure Bitcoin Reserves




CoinHako, a Bitcoin wallet service for consumers to buy, sell and secure their Bitcoins, announces that it is the first ever Asian exchange that fully insures Bitcoin reserves. Originally founded in Silicon Valley, it is based in Singapore as our goal is to serve Asia. Nonetheless, the insured Bitcoin services according to the company will attract lots of customers.
Particularly, the customers who stay away from Bitcoin because their investments are not safe with a Bitcoin wallet will prefer CoinHako, now. The company says that in an effort to boost security, it was obvious for it to insure the Bitcoin. It has announced that it’s the first Asian exchange to fully insure its Bitcoin reserve. For the purpose it has hired BitGo.
When CoinHako Co-Founder Yusho Liu was asked what the company insured means for their customers, and what made them decide to implement the insurance system, the reply came that being insured means that users’ deposits in CoinHako’s hot and cold wallets are now insured against hacking and theft.

However, he clarified that the insurance does not cover Bitcoin lost or stolen as a result of an individual user’s negligence to maintain secure control over their login credentials. Yusho Liu also informed that the company had plans on integrating BitGo’s multi-sig security even before they announced the insurance-based offerings.

Nonetheless, Yusho Liu also admitted that having the wallets insured is a huge plus for the company, and especially so for the users as it gives them assurance that funds are safe. The company puts security at the front of the requirements from customers as many of them are scared after some hacking attempts taking place in the past.

Complete Security with BitGo

The Singaporean Bitcoin exchange has made it clear that it gives priority to security when it comes to CryptoCurrency. It mentions Mt. Gox incident which lost Bitcoins worth millions of dollars in exchange. The company believes this is a big step forward for the industry, given the recent occurrences in other exchanges like Mt. Gox.

Nonetheless, as the insurance is being provided by BitGo, a Californian company specializing in CyberSecurity, customers can stay assured that their deposits will remain safe with it. BitGo is known for providing ample security; earlier this year, the company began to offer up to $250,000 in theft insurance to their customers.

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Billionaire Richard Branson to Hold Blockchain Summit at his Island

Though Billionaire entrepreneur Richard Branson is hosting the Blockchain Summit in his island, the website reveals that there are some other co-hosts as well. Taking place on Necker Island in the British Virgin Islands from the 25th to 28th, the event will also have co-hosts e.g. BitFury CEO Valery Vavilov and venture capitalists Bill Tai, Suzi Mai and George Kikvadze.

Nonetheless, the Blockchain Summit is expected to bring “the greatest minds in cryptocurrency” together. They will discuss Bitcoin and the Blockchain on his personal private island and try to reach to some conclusion. The event will feature discussions moderated by Hernando De Soto, president of the Institute for Liberty and Democracy.

Renowned Personalities from the Bitcoin Ecosystem to Participate to Discuss Bitcoin

Other moderators include Wall Street Journal senior columnist Michael J Casey and Matthew Bishop, US business editor for The Economist. This is not for the first time that Branson has been noticed by the Bitcoin community because he is someone who stands for the financial innovation that is transforming the way money is being perceived.

He has been enthusiastic in his praise for the Bitcoin. Not just appreciation but he also invested in payment processor BitPay and accepted the digital currency for his space travel enterprise Virgin Galactic. Nonetheless, the event’s welcome message frames the gathering in terms that emphasize the lasting impact of Blockchain technologies.

IT states: Come visit with Sir Richard Branson on his private island for a set of intimate discussions highlighting critical issues and solutions and to lay out the framework for a world where the humankind is fully benefiting from the amazing technology behind the Blockchain.”

More than 30 Luminaries to Attend the Event

The official website informs that the event will include 30 luminaries from the Bitcoin and larger digital currency space. Some stalwarts of Bitcoin ecosystem like Bitcoin core developer Jeff Garzik, Bitreserve’s Juan Llanos, Tally Capital’s Matthew Roszak and entrepreneur and Bitcoin Foundation chairman Brock Pierce are going to attend the event.
Nonetheless, the Bitcoin event is also the latest high-profile conference to be held in the Caribbean following the Satoshi Roundtable in February. The high decibel conference aims to get top thinkers in the world of Blockchain, Digital Currency and Bitcoin on board to help in defining the future.

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The battle to control how people pay for stuff is heating up and Goldman Sachs wants a piece of the action.

In its first publicly announced bitcoin-related investment, Goldman said on April 30 that it co-led a $50 million financing round for Circle, a bitcoin startup led by serial tech entrepreneur Jeremy Allaire. The startup offers a new digital wallet meant for everyday consumers. China’s IDG Capital Partners was the other lead investor on the round, which brings Circle’s valuation to what Fortune estimated at $200 million.

Allaire says nefarious behavior among early bitcoin adopters drove away mainstream consumers from the crypto currency. But every new investment from Wall Street bigwigs like Goldman Sachs, “brings more legitimacy to the space,” Allaire tells Quartz. (It doesn’t hurt that Circle and Goldman share a board member.)

“We want to get people to think of transferring value as something as easy and utilitarian as sending an email,” Allaire says.

The recent cash infusion, Allaire says, will focus on international expansion and greater adoption of the service for both bitcoin and other currencies, such as the US dollar and Chinese yuan.

Circle offers free money transfers for people who download the app by hooking up their bank accounts or bitcoin wallets to the service. Unlike services like Venmo and PayPal, the app can send money to people with any digital wallet, not just Circle account holders. While money transfers at traditional banks can cost $15 to $60 and take two to three days to clear, Circle transfers the money instantly.

But by offering the service for free, there’s little prospect for turning a profit anytime soon—a point Allaire shrugs off with little concern. “When [venture capitalist and early Facebook investor] Jim Breyer invested in Facebook, he wasn’t focused on generating revenue,” he says.

the source

Last 24 hours in the cryptocurrency market encountered Bitcoin maintaining its near-term bullish bias, though unable to extend it further amid a little selling pressure near the psychological resistance 240. Let’s take a further look at the price action during the April 30th trading hours below:

Bitcoin 4H Chart




As you can see the 4H BitFinex chart above, the Bitcoin price has succeeded to maintain its still-young bullish bias. The technical indicators back the theory as well, with 50-, 100- and 200-H SMA looking below the current price and the 4H RSI tagged just shy of 70 — an overbought threshold. The MACD curve is also trending inside a positive territory, confirming the sustenance of the prevailing near-term upside momentum, at least for now.

As told in our previous analysis, the Bitcoin price is still sighting 238 as its next channel resistance, with an upside risk towards 240, a point where it has already formed higher highs. At this occasion, it is likely that Bitcoin will attempt a short ABC correction, where price might test the red line near 233 once again. In case it happens, Bitcoin will once again establish a new consolidation range for itself, still maintaining a short-term bullish bias. At this time, the downside risk will remain to exist if price is unable to pass through the 240-mark. Conversely, the downside risk will be obliged to stay if price stays below the stop loss point 235, sighting 230 as its channel support.


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Lionsgate Films Moving Ahead Towards Accepting Bitcoin for Their Online Stores

This can give huge boost to Bitcoin as the latest development is that the Canadian-American film production studio Lionsgate Films is going to embrace the digital currency soon. For the purpose, it is working to integrate Bitcoin as a payment option on the online stores. It is partnering the digital currency payments processor GoCoin for the job.
Talking about the partnership GoCoin’s CEO and co-founder Steve Beauregard said that he was happy about the latest decision by Lionsgate, a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, etc.
Lionsgate is also into businesses like digital distribution, new channel platforms and international distribution and sales, etc. It has received huge success from The Hunger Games and Twilight young adult franchises, emerging young adult brands like Divergent and Ender’s Game and a string of recent box office successes including Now You*See*Me.

Thus, this Hollywood studio is working towards allowing Bitcoin enthusiasts to watch movies through digital currency payments. Talking at the occasion Lionsgate Senior Vice President Peter Wilkes said that the company continues to explore innovative new technologies for connecting with next generation consumers. He admitted the company is intrigued by the possibilities offered by Bitcoins in media space.

Nonetheless, this development can have huge impact on the Bitcoin ecosystem as it can encourage other Hollywood studios to embrace Bitcoin. The GoCoin’s CEO gave his insight regarding the potential impact of the partnership on the Bitcoin ecosystem and admitted that it’s just going to be another great place where people go, purchase content.

Safe and Secure As Well As Low Cost Transactions

He informed that it is the first major film studio, being in Los Angeles, obviously, that is an advantage for GoCoin. However, he admitted that the company is going after the big studios to help onboard them and make more places where people can spend their Bitcoin. GoCoin, the digital currency payments processor facilitates transactions in Bitcoin, Litecoin, Dogecoin and Tether.

As GoCoin nullifies the high volatility risk in cryptocurrencies, eliminates cost frauds associated with credit cards, and there are no chargebacks, it is emerging as a leading choice among the customers who are for safe and secure transactions. Also, as the company charges only 1% in transaction fee, which when compared with other solutions providers like PayPal, looks pretty cool for customers.

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TransferB Wins the 2015 Deloitte Top Technology Talent Competition





The 2015 Deloitte Top Technology Talent Competition that was held recently has been won by TransferB, a startup looking to disrupt the international money transfer market using Bitcoin. The outstanding performance by the company has even been praised by Deloitte Ireland as it considers it an efficient and promising solution.

Nonetheless, TransferB, a company led by UL and UCC students that enables faster money transfers for foreign nationals, was quite optimistic about the outcome in its favor. According to the observers TransferB that is a Bitcoin-leveraged remittance service can undercut the high fees charged by firms such as Western Union and MoneyGram.

At the same time it can provide a more efficient and faster way of sending money across national borders. Winning the 2015 Deloitte Top Technology Talent Competition was merely another feather in the cap of TransferB as the company has already started talks with leading Bitcoin firms and is looking to conclude strategic partnerships with these companies.

Once the partnership is announced it will enable the conversion of Bitcoin into local fiat currencies. Talking about the latest win at the 2015 Deloitte Top Technology Talent Competition, Nagle said that the competition has benefited them immensely by allowing them to gain first-hand experience of life at Deloitte.

This according to him will also allow to examine the impact that technology can have on society and businesses, through the development of the business idea. Nonetheless, Nagle says that the idea emerged from his keen interest in Bitcoin and Blockchain technology. It was then supported by Kelleher’s desire to provide affordable financial services to the poorest countries in the world.

Efficient and Fast Remittances

Harry Goddard, Partner, Technology at Deloitte and judging panel member, explained the reasons that motivated the jury to select TransferB as the winning project and said that the judging panel members felt that Claire and Peter’s technology could deliver demonstrable value and efficiencies to customers who were transferring funds internationally.

He further added that in addition to having a revolutionary idea, the judges were very impressed with the validity of the business plan and sophistication of their implementation strategy.

Using Bitcoin, TransferB can offer remittance charges for 2% with each transfer being processed between 1 and 24 hours. It’s a significant progress compared to the 8% average fee charged by traditional money transfer services, with waiting time usually varying between 3 and 5 days.

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BitNational Acquires Calgary-Based Bitcoin Brains for $2.1 million

In an announcement, BitNational says that it has acquired Calgary-based Bitcoin Brains. In consequence of the acquisition BitNational will become the largest over-the-counter Bitcoin brokerage and ATM network in Canada. The company informs that the acquisition took place after it paid a 10-year, $2.1 million dollar agreement.

Nonetheless, the acquisition of Bitcoin Brains will allow BitNational to bring a variety of new ways to purchase Bitcoin anywhere in Canada. Talking about the deal BitNational co-founder Matt Haddon said that this is an important step towards the goal of building a nationwide network to give all Canadians easy, instant access to Bitcoin.

Currently, BitNational operates Bitcoin ATMs in three cities in western Canada and caters thousands of customers. On the other hand, Bitcoin Brains began as a Bitcoin brokerage in 2013. The agreement reveals that BitNational now aims to provide the safest and easiest access to Bitcoins for Albertans.

Dave Bradley of Bitcoin Brains also clears that this deal makes it easier than ever to buy Bitcoins anywhere in western Canada. According to him at Bitcoin Brains the guys from BitNational offer the kind of knowledgeable, professional service that the customers have come to expect. Thus, he is showing clear support for BitNational and why he agreed for the deal.

Nonetheless, the acquisition was secured by deposit paid to a two of three multi-signature Bitcoin address. Whereas each party controls one private key, a neutral third party controls the third key. Additional announcement is that the official launch party of the new BitNational network will be declared within the next week.

BitNational Has Comprehensive Understanding of Digital Currency

Catering the requirements from customers, BitNational lists its areas of operation, the location of its Bitcoin ATMs and merchants in Vancouver and British Columbia that accept Bitcoin on its website. The service is complimented by Bitcoin Brains that provides brokerage services, offers Bitcoin and altcoin miners from a variety of manufacturers.

BitNational claims that comprehensive understanding in digital currency the visitors can trust is provided by it. Also, the organization likes to explain how all this stuff works with the help of team that has a well-deserved reputation of excellence in providing smart, sensible, and efficient information for the clients of BitNational Inc.

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Apple Co-Founder Steve Wozniak Joins Planet Capital as Advisor and Director

Planet Capital that holds the intellectual property rights for three patent pending proprietary methods for the execution of cash or cash equivalent transfers over open loop financial networks on electronic terminals utilizing a virtual account management system, has appointed Apple co-founder Steve Wozniak as an advisor and director.

The CTO of Planet Capital, Dan Sokol confirmed the appointment and said that it marks a decisive step in Wozniak’s affiliation with Blockchain infrastructure. He admitted that having an engineer as innovative as Woz around to look over our shoulders and make suggestions is priceless and going to help the company greatly.

The Los Angeles-based Planet Capital has emerged as a leading choice for its ATM kiosks that feature both advanced fiat-based operations as well as a two-way digital currency trading tool. The company aims to significantly corner and alter the self-service payments market and help out customers in remote areas have access to money.

Talking about the plans, CEO A. Lyle Elias said that with an ‘All-Star’ team focused on exploiting our patent pending IP and ‘Blockchain’ technology, Planet’s Next Gen ATM kiosks, unique network architecture and state-of-the-art wallet solution will make Planet Capital a major payments industry disrupter.

However, a lot of other observers feel that Wozniak’s presence among these ‘all-stars’ is conspicuous, and raises questions as to the relationship between the Blockchain and matters closer to Apple, such as Apple Pay, in the longer term. This definitely is an indication that the company is moving towards something big.

Something Big is On the Move at Planet Capital

For instance, a major rollout of ‘all-in-one’ money kiosks is palpable and the company’s board that includes Atari Co-Founder Steve Mayer, Clinton Administration FCC Chairman Reed Hundt, former CFO of the Carlyle Group, John Harris, and former IBM/Seagate Executive, Ken Hardesty, etc. are working on it.

Elaborating the point Chairman Lee Caplin stated that his brain trust consists of some of Silicon Valley’s heaviest hitters. The company says that in addition to traditional ATM functions, the machines feature the ability for customers to pay bills, vendors to enable point-of-sale transactions, perform mobile top-ups.

As Planet Capital is keen to expand and build relationships with people and businesses that are interested in this future world of financial interaction, the latest appointment of the extremely successful man from Apple is a right move towards the goal.

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