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NASDAQ and Bitcoin Futures — A Match Made in Heaven?

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Tue, 11/27/2018 - 17:16
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  • NASDAQ is planning to introduce a Bitcoin futures market despite the recent slump in prices for crypto assets across the board.

Cover image via U.Today

According to a Bloomberg report, the world’s second-largest stock exchange – NASDAQ – is planning to introduce a Bitcoin futures market despite the recent slump in prices for crypto assets across the board. The exchange has been working to receive regulatory approval from the Commodities and Futures Trading Commission (CFTC) and will probably open trading during the first quarter of 2019.

Bakkt (the crypto exchange put up by ICE, which is the parent company of NYSE) is also expected to launch a BTC futures market in January 2019 and SIX Swiss Exchange has just opened trading for the ETP mentioned earlier, so we are getting closer and closer to crypto legitimacy in the eyes of the regulators and big financial institutions.

Charts at a Glance – LTC/USD

Charts at a Glance – LTC/USD

While Bitcoin and most of the other top 10 cryptocurrencies have been tanking, Litecoin seems to have found support at around $27 and shows some potential for limited upside movement. Over the last 24 hours Litecoin lost almost 3%, while over the last 7 days, the coin posted losses of more than 12%.

There’s no doubt the pair is in a downtrend, but currently it seems it may enter a phase of sideways movement or even some bullish action if 27 support holds. The Relative Strength Index has already started to move up, coming from oversold territory, which is a bullish sign, and also the Bollinger Bands are beginning to flatten (or at least their downwards angle is not as steep as before). Despite this, the overall trend is down and according to common practice, you shouldn’t trade against the trend.

Support zone: 27

Resistance zone: upper Bollinger Band followed by 30 and 35

Most likely scenario: sideways, choppy movement inside the Bollinger Bands

Alternative scenario: drop through 0.27 after a touch of upper Bollinger Band

About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

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Weirdest Crypto Names You Can Find: from Jesus Coin to FirstBlood

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Fri, 11/29/2019 - 16:31
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  • Can Bread coin feed you and Jesus Coin buy you a pass to heaven? See a selection of the weirdest crypto coin names prepared for you by U.Today

Cover image via 123rf.com
Contents

It seems that while making up names for new coins, their creators think as wide and deep as they can. And after they do that, it appears they ultimately choose what comes to their mind first, they want to have fun, give users an idea of what the coin can be utilized for.

Sometimes, unless there is some special story behind a coin’s title, people seem to use their favorite movies, names of Greek or Scandinavian gods, or references to the Bible, favorite novels.

FirstBlood (ranked 322) is a good example here. It is trading at $0.099154, with the market cap totaling $8 483 439 and daily trading volume amounting to $895. Name taken from a famous in the past action movie about John Rambo.

First blood
Image via CoinMarketCap

Ubiq (ranked 540). The name of a popular novel by Philip K. Dick.

U.Today’s selection of coins with weird names

All coin names below are on the CoinMarketCap list. They are divided into several topics or utility purposes that their creators might have kept in mind when making them. Their ranking on CoinMarketCap is shown in brackets.

Names to do with the Bible

Jesus Coin (1673), Noah Coin (221), Haven Protocol (576).

Jesus Coin
Image via CoinMarketCap

Outstanding personalities of the past

Davinci Coin (332), Mao Zedong (1176). The latter sounds like it is more suitable for China instead of the ‘China Coin’ (DCEP) that the local central bank is working on.

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Titles that sound to be used on adult websites

Eroscoin (1220), Titcoin (1753), Bitcoin Adult (1846), Desire (1855), HOT Token (2248), Sexcoin (2266).

Earlier U.Today reported that the adult content giant PornHub accepts Verge, Tron’s TRX and some believe it may also be accepting XRP in the future, now that PayPal backed off from collaborating with PornHub.

Just peculiar names for cryptocurrencies

Some names of coins sound like these assets were created just for fun.

Bread, aelf (ELF), DeepOnion, Evil Coin, BROTHER, BUDDY.

Cabbage, Dynamite, HiCoin, DeepBrain Chain, TrollCoin, Nuggets, BunnyToken.

Separately, two coins should be noted – TrumpCoin and PutinCoin. The latter is trading at $40 but at the time of writing is falling by around 45 percent.

There is even Bitcoin CZ – sounds like it was created by a big fan of Changpeng Zhao.

Another coin worth mentioning is WHACKD coin created by John McAfee. It is based on the popular meme "Jeffrey Epstein Didn't Kill Himself", since it is to do with Jeffrey Epstein, an American financier, who was accused of a sexual abuse but committed suicide in the prison cell. Many, including John McAfee, believe it was a murder, not suicide.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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