Strong operational performance makes Fine Organics a good stock to bet on

Majorly owing to healthy quarterly earnings and a strong balance sheet, Fine Organics has been an outperformer in the chemicals space.

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Buy ICICI Bank; target of Rs 420: Choice Broking

Choice Broking is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 420 in its research report dated November 28, 2018.

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Buy Dewan Housing Finance Corporation; target of Rs 286: Cholamandalam Securities

Cholamandalam Securities is bullish on Dewan Housing Finance Corporation has recommended buy rating on the stock with a target price of Rs 286 in its research report dated November 28, 2018.

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Buy Cummins India; target of Rs 990: Joindre Capital Services

Joindre Capital Services is bullish on Cummins India has recommended buy rating on the stock with a target price of Rs 990 in its research report dated November 29, 2018.

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Hold Reliance Capital; target of Rs 233: ICICI Direct

ICICI Direct recommended hold rating on Reliance Capital with a target price of Rs 233 in its research report dated November 28, 2018.

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Buy HEG; target of Rs 5750: ICICI Direct

ICICI Direct is bullish on HEG has recommended buy rating on the stock with a target price of Rs 5750 in its research report dated November 27, 2018.

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Buy Bajaj Holdings and Investment; target of Rs 3558: Sharekhan

Sharekhan is bullish on Bajaj Holdings and Investment has recommended buy rating on the stock with a target price of Rs 3558 in its research report dated November 27, 2018.

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Buy UPL; target of Rs 924: Motilal Oswal

Motilal Oswal is bullish on UPL has recommended buy rating on the stock with a target price of Rs 924 in its research report dated November 27, 2018.

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Accumulate Aarti Industries; target of Rs 1704: CD Equisearch

CD Equisearch recommended accumulate rating on Aarti Industries with a target price of Rs 1704 in its research report dated November 28, 2018.

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Ideas for Profit: Top picks from alcohol beverage space after Q2 results

Radico Khaitan commands 6 percent volume share in the IMFL segment. Its Magic Moments vodka brand is highly popular in the mid-market segment and commands a market share of more than 50 percent

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Buy LIC Housing Finance; target of Rs 550: Motilal Oswal

Motilal Oswal is bullish on LIC Housing Finance has recommended buy rating on the stock with a target price of Rs 550 in its research report dated November 26, 2018.

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Buy Finolex Industries; target of Rs 642: Kotak Securities

Kotak Securities is bullish on Finolex Industries has recommended buy rating on the stock with a target price of Rs 642 in its research report dated November 26, 2018.

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Buy Somany Ceramics; target of Rs 375: ICICI Direct

ICICI Direct is bullish on Somany Ceramics has recommended buy rating on the stock with a target price of Rs 375 in its research report dated November 26, 2018.

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Buy Century Plyboards; target of Rs 225: Anand Rathi

Anand Rathi is bullish on Century Plyboards has recommended buy rating on the stock with a target price of Rs 225 in its research report dated November 22, 2018.

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SEC Charges Floyd Mayweather Jr. and DJ Khaled for ‘Unlawfully Promoting’ ICOs

On Thursday (29 November 2018), the U.S. Securities and Exchange Commission (SEC), announced that it had settled charges against boxer Floyd Mayweather Jr. and music producer Khaled Khaled (better known as "DJ Khaled") for "failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs)," and said that these were "the SEC's first cases to charge touting violations involving ICOs."

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UBS Chief Global Economist Paul Donovan Explains Why He Wants to ‘Bury Bitcoin’

On Thursday (29 November 2018), Paul Donovan, the Chief Global Economist at UBS Wealth Management, gave an interview in which he explained why he had written a blog post titled "I come to bury bitcoin, not to praise it."

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Sponsored Facebook Ad Tricks Users into Investing in Fake Cryptocurrency

A new Facebook crypto scam, in the form of a sponsored ad, was stealing sensitive data from users. The alert was first published on Medium by the ORCA Alliance on Nov 22.

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Kaspersky: Cybercriminals Are Moving From Ransomware to Crypto Mining Malware

Cybercriminals are moving their focus from ransomware to cryptocurrency mining malware, going as far as repurposing their old ransomware files to mine cryptocurrencies, as the latter is reportedly a more profitable endeavor.

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MakerDAO DAI Stablecoin Grows By 50% in Two Weeks, Accounts For 1.4% of All ETH

The Ethereum-backed algorithmic stablecoin, the DAI of the MakerDAO project, has been exploding in the last weeks, up almost 50% in two weeks. The coin enjoys about 285% of collateral supply, holding $174 million worth of ETH in contracts.

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FDA Considering Adopting Blockchain Technology to 'Track and Trace' Food Recalls

FDA Commissioner Dr. Scott Gottlieb has hired Walmart’s vice president of food safety to help develop blockchain-based solutions to tracking and tracing recalls of tainted foods.

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Exclusive: Cryptoassets Already Being Used As 'Hedging Tool', eToro's Senior Analyst Says

Mati Greenspan, the senior market analyst at giant social trading platform, eToro, recently shared with CryptoGlobe some of his views and insights regarding cryptocurrencies and how he thinks they will contribute to the global economy. Greenspan, a portfolio manager at eToro for VIP clients “with a minimum equity of $1 million”, first explained how he expects each age group from teenagers, millennials, middle-aged professionals, and senior citizens will interact with digital assets and other types (traditional) assets. He also revealed eToro's latest financial outlook regarding Litecoin (LTC) and other major cryptoassets.

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OKEx Announces Third Round of Token Delisting, Totalling 135 Pairs Removed YTD

OKEx has released their third round of delisted trading pairs. This batch will remove 38 cryptocurrencies acros 49 trading pairs, bringing their total pairs removed (year-to-date) to 135.

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Despite Goldman Clients Being ‘Quite Curious’ About Crypto, Still No Custody Options

Goldman Sachs bank is not willing to produce a custody solution for cryptoassets, citing the difficulty of navigating the required regulation as an explanation. Other institutions, however, are braving regulatory hurdles to develop regulated, institution-grade wallets.

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SIRIN Labs Launches FINNEY, the World’s First ‘Blockchain Phone’

On Thursday (29 November 2018), startup SIRIN Labs launched the world's first "blockchain smartphone". In this article, we give you everything you need to know to decide if this should be your next phone.

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Could Binance Maintenance Be Behind the Price Surge for Bitcoin Cash SV?

Researchers might have found why Bitcoin Cash (Satoshi’s Vision) has been pumping over the past week. According to a new report, Binance’s pausing of deposits and withdrawals might be causing irregular price swings for the cryptocurrency.

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Coinbase Pro Lists Zcash (ZEC), Causing Price to Surge Over 6%

On Thursday (29 November 2018), crypto exchange Coinbase announced that it had listed privacy-focused coin Zcash (ZEC) on "Coinbase Pro", its platform for professional/experienced traders.

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BlockTower: Bitcoin is at the End of a Distress Cycle

Michael Bucella, a partner at BlockTower Capital leading crypto investment fund, says that bitcoin is at the end of a distress cycle. The statements were made today (Nov 29th) during an interview for CNBC’s Fast Money. Bitcoin broke the $10,000 barrier exactly one year ago and many investors were expecting a similar bull run at the end of this year.

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Cam Girls Earned Over $70K Through Spankchain Since April Launch

This week, the blockchain-based adult entertainment platform Spankchain (Spank) announced that they have paid their models over $70,000 since their launch in April. This news comes as many workers in the industry are facing increasing discrimination from traditional payment processors.

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CNBC’s Brian Kelly: “It’s Important to Size Crypto in Your Portfolio”

Brian Kelly, CNBC’s in-house cryptocurrency expert, recently expressed bullishness on Bitcoin and recommended investors of all kind to appropriately size crypto into their portfolio. “One to five percent...sounds like the right number, then you can ride out this bear market.”

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TRON Announces $100 Million Gaming Fund to “Bring the Blockchain to Mass Market”

Decentralized cryptocurrency protocol TRON has recently revealed that it’s set to invest $100 million into a blockchain gaming fund called TRON Arcade over the next three years. Its goal is to spur innovation in its blockchain and bring it to more users.

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Judge Rules SEC Has Failed to Prove Blockvest ICO is a Security

A ruling of a San Diego district court has ruled against the SEC's request for an injunction against investors in the Blockvest ICO, in what it claims was an unregistered security. It is the first time the SEC has encountered this kind of obstacle.

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DPW Holdings Announces Spin-Off Cryptocurrency Mining Company, Shares Pump 25%

DPW Holdings, an investment company based in California, has announced that they will be spinning off their cryptocurrency division into a new company, Super Crypto. DPW CEO says: “We are confident crypto-mining and the cryptocurrency marketplace will flourish in the long term.”

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FBI Arrests Cryptocurrency CEO for Defrauding Investors out of $4 Million

The US Federal Bureau of Investigation (FBI) has recently arrested the CEO of cryptocurrency platform ArisBank for allegedly defrauding investors out of $4 million, through an initial coin offering (ICO) based on false claims.

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Crypto Roundup - Blockchain Voting System Developed by South Korea & Crypto-ATMs promised for inflationary Argentina

All coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 0.96% to 10.81%. Blockchain voting system being developed by South Korea. Thousands of Crypto-ATMs promised for inflationary Argentina, no delivery as yet.

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Tron (TRX) Bouncing Strongly Off a Double Bottom

TRX is in a bullish trend in its medium-term outlook. The strong bullish pressure broke $0.1400 of the upper supply area of yesterday range with a large bullish engulfing candle.

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Justin Sun: TRON (TRX) Will Have Improved Privacy in Q1 2019

In a recent interview, Justin Sun, the Founder and CEO of TRON Foundation, explained how he got into crypto (even though originally he wanted to become a lawyer), Project Atlas (BitTorrent integration), and how he plans to improve privacy for TRON users.

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EOS Consolidating After Breaking Key Resistance at $3.30

EOS is in consolidation in its medium-term outlook. $3.39 in the supply area was the point the bullish momentum shows exhaustion as the candles close with wicks. A breakout or a breakdown is imminent in the short-term traders should be patient.

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XRP Rallying at Short Term Resistance Levels

Yesterday, the price of XRP was in a bullish trend. On November 28, the digital currency was resisted at the price of $0.40. Meanwhile, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. However, in the short-term trend the EMAs are acting as support levels to enable XRP price to rise.

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U.S. Treasury Sanctions of Bitcoin Addresses are 'Good for Crypto'

In a first of its kind, the U.S. Department of the Treasury’s Office of Foreign Assets (OFAC) publishes the Bitcoin address of two known Iranian ransomware scammers. To prevent citizens from being liable for breaking sanctions law, the OFAC recommends not interacting with these BTC addresses. Some in the crypto industry this as a positive step.

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Cardano Vs EOS: Will They Have 'Real-World' Use Cases?

Since April 2018, the market capitalization of the EOS and the Cardano platforms have dropped considerably from $4.6 billion and $4 billion to approximately $2.8 billion and $1 billion, respectively - according to CryptoCompare data. Although the sharp decline in the prices of both EOS and Cardano’s ADA tokens may largely be attributed to the overall drop in the market cap of all cryptoassets, both projects have not met the expectations of many.

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Blockchain Voting System Being Developed by South Korea

The South Korean Ministry of Science and ICT has announced plans for developing a blockchain-based voting system.

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First Blockchain Association in Mexico Established

Various blockchain-related companies have formed the Blockchain Association of Mexico, the first such organization in the country

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Decentralized Exchange Concludes $15 Mln Funding Round Supported by Huobi and OKCoin

Decentralized exchange BHEX has raised $15 million in a recent funding round, in which major exchanges like OKCoin and Huobi participated

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Ohio to Accept Tax Payments in Crypto — Setting the Standard for Future?

Tax payments with crypto - why Ohio’s Treasurer created the initiative to drive blockchain development in the state

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Canada: Fintech Startup Launches Bitcoin Payment Feature

Canadian mobile payments startup adds Bitcoin as a payment method to purchase in-house currency – which can then be used at participating merchants

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US SEC Charges Floyd Mayweather Jr and DJ Khaled for Unlawfully Promoting ICO

The U.S. SEC has announced settled charges against Floyd Mayweather Jr. and DJ Khaled for unlawfully touting an ICO last year

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Coinbase Pro Launches Support for Zcash

Leading U.S.-based crypto exchange Coinbase has added support for Zcash on its Coinbase Pro platform

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Crypto Markets Come Back Down After Slight Jump Yesterday

Major coins are seeing losses again, with just two of the top 20 cryptocurrencies in the green

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‘Crypto Winter Is Much Warmer in Singapore’: BlockShow Asia Closes on Optimistic Note

Despite the bear market and “crypto winter,” industry players at BlockShow Asia said now is the time to invest in crypto and hodl

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‘Sounds Like Bitcoin’: New Token Concept From EOS’ Dan Larimer Fails to Win Fans

While PR issues plague EOS and Steemit, Dan Larimer’s latest idea revolves around a new altcoin

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Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

Oil industry blockchain platform VAKT counts BP, Shell among first users – says it plans major expansion from January

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TRON Announces $100 Million Blockchain Gaming Fund

TRON announces $100 million fund to support blockchain game development through 2021

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Hardware Wallet Ledger Nano S Announces Support for Monero

Ledger expansion continues with fresh Monero support update

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FBI Arrests AriseBank CEO, Indicted for Fraud of Over $4 Million

Texas: the CEO of a “decentralized banking” crypto scheme – alleged to have defrauded hundreds of investors out of over $4 million – was arrested by the FBI

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The Key to Staying Profitable When Mining Revealed by Software Startup

A “simple to setup” smart crypto mining platform has launched in beta, and as well as attracting newbies, the software company says it can help mining experts too #SPONSORED

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US Court Dismisses SEC’s Claims That Blockvest Sold Unregistered Securities

Blockvest gets reprieve as court rules against SEC, saying it “cannot make a determination” on whether the firm’s tokens are securities at this time

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Market Value of Blockchain in Retail to Soar 29-Fold by 2023, Report

New analysis looks at factors behind forecast that market value of blockchain in global retail will soar from $80 million today to over $2.3 billion by 2023

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Kaspersky: Cryptojacking Increasingly Popular Attack Vector for Botnets

Report from Kaspersky Labs states that crypto mining malware became increasingly popular among botnets in 2018, as compared with other attack vectors

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Asian shares soften as investors look to G20 summit

MSCI#39;s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. In Japan, the Nikkei was up 0.2 percent.

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Wall Street edges down as tech, bank stocks weigh

The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84, the SP 500 lost 5.99 points, or 0.22 percent, to 2,737.8 and the Nasdaq Composite dropped 18.51 points, or 0.25 percent, to 7,273.08.

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Can#39;t rule out 12-15% equity return over long term; 5 largecaps that can give double-digit returns: Sharekhan

Hemang Jani of Sharekhan said elections always are make or break event for market.

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Experts label Maharashtra’s tax surcharge on home sales a sentiment dampener

Government must keep affordable housing away from 1 percent increase in stamp duty

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Kerala Assembly disrupted for third day on Sabarimala issue

The Speaker informed opposition MLAs that he was prepared to allow them to raise the issue as a submission.

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Delhi#39;s air quality #39;very poor#39;, to worsen over weekend

The CPCB said seven areas in Delhi, including Mundka, Rohini and Wazirpur, recorded #39;severe#39; air quality, while in 25 other areas the air pollution level was in the #39;very poor#39; category.

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GFP Chief Sardesai: No question of replacing CM Parrikar

Parikkar is undergoing treatment for a pancreatic ailment at his residence after returning to the state on October 14 following hospitalisation at the All India Institute of Medical Sciences in New Delhi.

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Weekly Tactical Pick | TCI: Robust Q2, attractive valuations make it a good buy

TCI’s Q2 financial performance was fairly robust, considering the business was hit by a number of adverse factors

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Mark Mobius warns US-China trade war will worsen in 4-6 months, sees silver lining for India

The US-China trade war is likely to worsen in the next four to six months, said Mark Mobius.

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Strong operational performance makes Fine Organics a good stock to bet on

Majorly owing to healthy quarterly earnings and a strong balance sheet, Fine Organics has been an outperformer in the chemicals space.

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Karnataka CM requests Goa to lift ban on import of fish

When contacted, Goa Health Minister Vishwajit Rane said fish will not be imported into the state till systems are in place.

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D-Street Buzz: Nifty Realty outshines led by Oberoi Realty; Wipro jumps 2%, Apollo Hospitals hits new 52-week high

The breadth of the market favoured the advances with 928 stocks advancing and 735 declining while 397 remained unchanged. On the BSE, 1262 stocks advanced, 1071 declined and 138 remained unchanged.

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Amazon launches OnePlus 6T sale offer: Good time to switch to the OnePlus flagship?

The deals which will go live on November 30 include Rs 1500 cashback on all Citibank credit and debit cards on the purchase of the OnePlus 6T.

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Sri Lanka parliament cuts MPs#39; salaries in move to squeeze disputed PM

The motion, which passed 122-0 in the 225-member parliament, followed a similar vote on November 29 to cut the budget to the prime minister#39;s office.

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Rajasthan Assembly Polls 2018: Continued Congress infighting may lead to loss of advantage

The infighting within the Rajasthan unit of Congress has presented itself as an opportunity to BJP, which is now mulling over increasing PM Narendra Modi#39;s rallies from six to eight

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Sun TV Network falls 4% after HSBC cuts price target by 18%

While reiterating hold rating on the stock, HSBC said higher investment by Sun TV Network is required to enter new markets.

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Setback for India: Prithvi Shaw out of first Test against Australia due to ankle injury

With Shaw unavailable, K L Rahul and Murali Vijay will be India#39;s openers in the first Test.

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Coinbase Launches Zcash Trading Services on Coinbase Pro

Popular cryptocurrency exchange Coinbase is launching Zcash (ZEC) trading on its professional trading platform Coinbase Pro. The announcement made via Coinbase’s blog page states that inbound transfers of the currency will begin at 10 p.m. PST on Thursday, November 29, 2018, though early deposits have already begun.

The blog reads, “Once sufficient liquidity is established, trading on the ZEC/USDC order book will start. ZEC trading will initially be accessible for Coinbase Pro users in the U.S. (excluding New York), the U.K., the European Union, Canada, Singapore and Australia. Additional jurisdictions may be added later.”

At press time, ZEC is not yet available on Coinbase.com or on the company’s mobile apps. The blog says a separate announcement will be made once ZEC is active on these platforms.

Zcash is a cryptocurrency that offers users additional privacy. The asset comes in two forms: shielded and transparent, with the former encrypting transaction information to ensure it remains unseen by third parties. Coinbase Pro says it will support deposits from both the shielded and transparent forms of ZEC, though only withdrawals to transparent addresses will be permitted.

“In the future, we’ll explore support for withdrawals to shielded addresses in locations where it complies with local laws,” Coinbase’s blog states.

The launch is set to occur in four stages. The first,“transfer-only” stage went live at 10 a.m. PST on Thursday, November 29, in which customers could begin depositing ZEC into their Coinbase Pro accounts. Posting limit orders can occur via the second, “post-only” stage, which will occur at 10 p.m. on the same date.

This stage will last for approximately one minute and will be followed by a “limit-only” stage, where limit orders will begin matching. Customers will have to wait an additional 10 minutes before the fourth stage, full trading, occurs. From there, customers will be able to submit market orders and enjoy full trading services through Coinbase Pro including limit, market and stop orders for ZEC.

Coinbase unveiled a new listing process last September with the goal of listing all assets that meet the company’s standards and comply with local laws as quickly as possible. As the cryptocurrency market contains thousands of unique assets, each currency listed undergoes a thorough inspection and usually only satisfies listing requests in a “jurisdiction-by-jurisdiction” manner, meaning certain coins may only be available to customers in specific regions for limited periods of time.

Since implementing its new process, Coinbase has gone on to list several new assets on Coinbase Pro including Basic Attention Token (BAT) in early November and ZRX, the token of the 0x protocol in October. Coinbase had been promising to potentially add these coins and others like it since March of 2018, saying that it was looking into placing several Ethereum-based tokens on all its trading platform in the “coming months.”

This article originally appeared on Bitcoin Magazine.

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Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:

Figure 1: BTC-USD, Daily Candles, Current Support Level

Figure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market. At the moment, we are currently seeing some resistance around the macro, 78% Fibonacci retracement of the parabolic run-up. To date, bitcoin has realized a whopping 82% devaluation from its all-time high to the current low in the mid $3,500s.

If our current support holds, we should expect to see a battle over the 78% retracement values where, if the overhanging retracement level breaks, we will likely encounter another level of resistance in the $5,000 region. But, for now, the market needs to tackle the 78% Fibonacci before worrying about the overhanging resistance levels.

On the lower time frames, we can see bitcoin is finding nice support on its 23% retracement which also happens to be the previous high:

Figure 2: BTC-USD, 4-Hour Candles, Current Low Time Frame Support Level

The lower time frames are consolidating on top of the previous high and just below the macro 78% retracement. Off the $3,500 low, we saw a decently strong rally with high volume and wide spread indicating strength on the demand side. The ability to hold this current level is a temporary bullish sign that the bears may be taking profit and eager bulls are jumping in to ride a potential rally upward.

At the time of this article, bitcoin is up over 20% from its local low and the bulls appear to be taking a stab at the market following the previous brutal 60% drop. For now, the market is in a kind of sit-and-wait zone while we sit and observe how the market reacts to its newfound support and resistance levels.

If we manage to break through current support, we can expect to see a retest of the mid $3,500s. If that level doesn’t hold, we can then expect to see a drop down to the low $3,000 values:

Figure 3: BTC-USD, Daily Candles, Lower Support Levels

The low $3,000s represent the previously established support level during last year’s bull market and we have yet to retest the support zone. As I mentioned, the current price level is in a wait-and-see level and we need to see how the current support and resistance level holds over the next few days.

Summary:

1. After bottoming out around $3,500, bitcoin enjoyed a near 25% rally where it is currently testing the resistance of its macro 78% retracement.
   
2. On lower time frames, bitcoin is seeing a decent sign of strength as the demand appears to be relatively high and the candle spread is wide.
   
3. The current price level calls for observation while we wait and see how the current support and resistance levels are received over the next few days.
   

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

This article originally appeared on Bitcoin Magazine.

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