Ripple price is currently correcting higher after a sharp decline to $0.2500 against the US dollar.The price is showing positive signs and is trading nicely above the $0.2720 level.Yesterday’s highlighted key bearish trend is active with resistance near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could correct higher towards the main $0.2850 and $0.2880 resistance levels in the near term.Ripple price is correcting higher nicely above $0.2700 against the US Dollar, while Looking at the chart, ripple price seems to be trading with a positive bias and it is likely to break the $0.2800 resistance. Having said that, the price is likely to struggle near the $0.2850 resistance.Technical IndicatorsHourly MACD – The MACD for XRP/USD is likely to move into the bearish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is back above the 50 level.Major Support Levels – $0.2720, $0.2650 and $0.2550.Major Resistance Levels – $0.2800, $0.2820 and $0.2850.
Go to Source
Author: Aayush Jindal
Ethereum price is currently correcting losses after it traded as low as $$153 against the US Dollar.Bitcoin price is struggling to recover above the $7,500 and $7,600 resistance levels.This week’s followed bearish trend line is still active with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to face a strong resistance near the $164 and $165 levels in the near term.Ethereum price is slowly rebounding versus the US Dollar, while Ethereum PriceLooking at the chart, Ethereum price is clearly facing a lot of barriers on the upside near $164 and $165. In the short term, the price could make an attempt to surpass $165 and the 100 hourly SMA. However, it is likely to fail near $165 and likely to resume its decline in the coming sessions.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is slowly moving back into the bearish zone.Hourly RSI – The RSI for ETH/USD is correcting higher and is approaching the key 50 level.Major Support Level – $153Major Resistance Level – $165
Go to Source
Author: Aayush Jindal
TCL only recently introduced its new 6-Series and 8-Series 4K TVs for 2019, but their predecessors were among the most well-reviewed and highly rated TVs last year. The new 6-Series TVs add quantum dots to the mix, and start at $599 for a 55-inch version. However, there’s still some of the 2018-era TVs to clear out, and TCL has announced that Best Buy will sell the 55-inch version for just $399.
The sale starts at 2 AM ET on Friday morning and will run through Sunday night, or as long as supplies last. These 4K TVs bring excellent picture quality, Dolby Vision HDR and the Roku smart TV platform, however as The Wirecutter noted in a recent updates, there have been some complaints about color uniformity and lip sync issues when using HDMI-ARC. Still, it’s hard to find a TV this good at that price, so think hard — the sale starts in just a few hours.
Go to Source
Author: Team E-crypto News
Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials scramble to address the situation against a backdrop of alleged political embezzlement and mounting public frustration.
We Don’t Have Your Money
As banks don’t actually store customer deposits, Lebanese lenders and business officials are afraid that a sudden re-opening after being closed to the public for over a week could have disastrous consequences. “The cash of the banks are in reserve at the Central Bank or are in Treasury bills,” the president of the Worldwide Association of Lebanese Businesspeople told U.S. media. “The cash of the banks are not in the bank deposits, so no, they don’t have enough cash for everyone that would come and ask for any cash of transfer.”
An official statement from the Association of Banks in Lebanon (ABL) confirmed fears that banks will remain closed, stating: “In light of the continuing volatile security situation and the closure of most roads, and for the safety of customers and sector’s employees and its properties, banks will remain closed on Friday, October 25, 2019.” The chairman of the association, Salim Sfeir, maintained that banks would reopen when protests calm down, stating:
Once normalcy is restored, we are very confident that we can resume servicing our customers in full capacity.
Failed Attempts to Calm Protestors
The attempt at reassurance is of little comfort to many Lebanese, who want their banks to open, but are more deeply concerned with the systemic corruption of Lebanon’s politics as a whole. Attempted taxation of voice over internet protocol (VOIP) services such as utilized by the popular Whatsapp messenger, and other tax hikes and austerity measures are all part of the corrupt economic cocktail which triggered the start of mass protests last week. The Banque du Liban, Lebanon’s central bank, is also under fire for allegedly allowing corrupt politicians to embezzle money out of the country.
Demonstrators most recently gathered to protest in front of the main branch of the Lebanese central bank in Beirut, regarding its alleged role in assisted embezzlement, with some Lebanese Twitter users commenting that there is a media blackout and attempt to suppress coverage of the event. A video is captioned in Arabic:
The ruling of the bank shall fall. In front of the Banque du Liban.
The only activity currently allowed by the nation’s other banks and lenders is the payment of customer and employee wages at the end of the month via ATM, a statement from a state news agency confirms.
Similar Events Elsewhere
Recent centrally imposed withdrawal limits in India are presenting similar problems, and in very dire fashion, with reports and allegations even of death resultant from inability of customers to withdraw funds from local banks. As in Lebanon, officials are trying to keep people calm, but to little avail. With bank employee strikes, depositors gathering en masse outside of bank branches, and the Indian Supreme Court refusing to entertain petitions further fueling the fire, the situation is precarious.
Many cryptocurrency advocates see these events as perfectly illustrative of why crypto adoption is necessary. When an individual’s own money is inaccessible and even non-existent once given into the hands of centrally regulated lenders, situations such as those being witnessed in Lebanon and India are bound to happen.
What are your thoughts on the bank closures in Lebanon? Let us know in the comments section below.
Image credits: Shutterstock, fair use.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
Go to Source
Author: Graham Smith
Polish police have arrested Ivan Manuel Molina Lee, president of Crypto Capital, on accusations of money laundering.
Polish authorities claim that Molina Lee is wanted in Poland for laundering up to 1.5 billion zloty or about $390,000,000 “from illegal sources,” according the the Polish report.
Authorities wrote that Molina Lee’s crimes included “laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.”
Polish prosecutors claim that Crypto Capital held accounts in Bank Spółdzielczy in the town of Skierniewice and that Molina Lee and BitFinex laundered illegal proceeds through the country.
The company has been in trouble before. Molina Lee is directly connected with a U.S. Department of Justice claim that charged two individuals with running a “shadow banking” service that provided bank accounts for crypto companies. His company, Crypto Capital, allegedly lost $850 million of Bitfinex’s cash, leading to a $1 billion token sale this year.
“This the largest effort by Polish prosecutors to secure losses associated with illegal activity,” wrote Polish prosecutors. “The effort was a combined effort between Polisha and international special forces. The proceedings were conducted by prosecutors from the Lower Silesian Branch of the Department for Organized Crime and Corruption of the National Prosecutor’s Office in Wrocław and officers who closely cooperated with Europol, Interpol and US services, including the DEA.”
Image via Shutterstock.
Go to Source
Author: John Biggs