Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Will Bitcoin Replace MasterCard? - 3 December 2014

By Stephanie Brown
Since graduating from Erasmus University Rotterdam, Stephanie has become a prominent authority in binary options trading, providing first hand market insights and actionable analysis, whilst developing highly profitable customized trading strategies for YesOption clients.

By: Stephanie Brown

DigitalTangible currently manages the world’s first Bitcoin/precious metal exchange. It allows consumers to use Bitcoins to buy these metals online, with the users identified through block chains. The metals are stored in digital vaults currently being managed by the International Depository Services of Delaware. Although, transportation costs for precious metals are rather steep but DigitalTangible believes that it can take care of these costs and would ultimately cater to the demands of users spread across the globe. The company additionally announced that it will be partnering with Agora Commodities in order to meet the present demand from current and future users.

MasterCard is now the latest company to have fallen out with the Bitcoin community following HSBC, which recently closed Bitcoin Hedge Fund accounts, fearing that they may be used for money laundering activities. The credit card processing giant asked the Australian Senate to not adopt the digital currency. The reason being, revolves around the user anonymity, which the company believes will likely increase money laundering. Many industry experts believe that payment processing companies like MasterCard are rallying against the Bitcoin community, because the crypto-currency provides a cheaper and a better alternative to users. This could in fact direct the masses away from credit card companies, thus eroding their current monopolistic hold on the market place.

Technical Analysis

The BTC/USD finally ascended above $378 and is currently trading at $381.44. It is finding strong support at $376 on the downside, while facing resistance at $385 on the upside. A positive close above $384 in today’s trading session should indicate a short-term upside.

Actionable Insight

Buy the BTC/USD above $382.5 for target of $385, $388 with a stop-loss of $381.7

BTCUSD 12314

Stephanie Brown
About Stephanie Brown
Since graduating from Erasmus University Rotterdam, Stephanie has become a prominent authority in binary options trading, providing first hand market insights and actionable analysis, whilst developing highly profitable customized trading strategies for YesOption clients.
 

Most Visited Forex Broker Reviews