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Overview of BTC, ETH and XRP: Cryptocurrencies stuck in narrow ranges

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Cryptocurrency prices in recent days have not changed much. The graphs show that the top 3 cryptocurrency cling to dense clusters of technical levels, acting as "magnets".

Here is what Crypto Confluence Detector shows in its latest update:

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BTC / USD  

Bitcoin is trading at about $ 3,891, which is an important technical level. It includes a simple moving average of 10-15-min, a 15-min-Middle Bollinger band, SMA 5-1h, one-day support point 1, SMA 5-15-min, SMA 5-1d, Fibonacci 23.6% 1d , BB 15min-MUpper, SMA 100-1h, Fibonacci 38.2% 1d, SMA 10-1h, BB 4h-Middle, Fibonacci 23.6% 1-week, BB 1h-Lower, Fibonacci 38.2% 1-month and the minimum of the previous day.

If a   BTC / USD   it will rise higher, it will still have to overcome resistance up to $ 4,000, but from there it will have a clear path to $ 4,185, where the PP meeting point for one month is R1, PP 1w-R3, and last year's maximum.

The same goes for the way down, where support lines take time to clear, until a new target appears at $ 3,666, where we see the SMA 50-1d and the Fibonacci monthly convergence 61.8%.

ETH / USD  

Ethereum is trading at $ 133.27. ETH / USD regards $ 142 as an increase target, where the previous weekly maximum converges, the monthly Fibonacci level of 38.2% and the weekly resistance of Pivot Point 1.

If the price goes down, then a very important level is $ 125, since there are BB 1d-Lower, PP 1-month S1 and at least last week.

XRP / USD  

Ripple has clearer support and resistance lines in the immediate vicinity. Now XRP is trading at $ 0.3098.  

Support is expected at $ 0.3095, which is a Fibonacci merge of 38.2% 1-week, low BB 4h, low BB 15min, PP 1d-S1, previous daily minimum, 61.8% Fibonacci and SMA 200-4h .

The maximum goal is $ 0.3502, which is the meeting point of the previous monthly maximum and PP 1m-R1.

The lower target is $ 0.2880, which is the convergence of PP 1w-S2, the low of the previous month and PP 1m-S1.

What do you think about the situation in the cryptocurrency market?  

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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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Name Price24H (%)
Bitcoin (BTC)
$3,988.71
-0.18%
Ethereum (ETH)
$137.77
-1.29%
XRP (XRP)
$0.313246
-1.09%
Bitcoin Cash (BCH)
$158.97
1.66%
EOS (EOS)
$3.70
-1.42%
Stellar (XLM)
$0.114316
5.48%
Litecoin (LTC)
$59.32
-2.54%
Cardano (ADA)
$0.049924
-0.46%
Tether (USDT)
$1.00
-0.07%
Monero (XMR)
$51.63
0.21%
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