Author: dfmines

“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement.

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Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.

Bitcoin started a recovery wave above the $38,400 resistance against the US Dollar. BTC must clear $39,600 to move into a positive zone. Bitcoin managed to stay above $37,650 and started an upside correction. The price is now trading near $39,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $39,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $39,600 resistance to start a decent increase in the near term. Bitcoin Price Recovers Ground Bitcoin price formed a base above the $38,000 and started a recovery wave. BTC broke the $38,400 and $38,500 resistance levels. There was a move above the 50% Fib retracement level of the key drop from the $40,775 swing high to $37,672 low. Bitcoin even climbed above the $39,500 level, but it faced sellers near the $39,600 level. It is now trading near $39,200 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $39,220 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $39,600 level. The 61.8% Fib retracement level of the key drop from the $40,775 swing high to $37,672 low is also near the $39,600 level. The next key resistance could be near the $40,000 zone. A close above the $39,600 level and the 100 hourly simple moving average could open the doors for a decent increase. Source: BTCUSD on TradingView.com In the stated case, the price could even surpass the $40,000 resistance. The next major resistance may perhaps be near the $40,770 zone. Fresh Decline in BTC? If bitcoin fails to clear the $39,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $39,250 level. The next major support is seen near the trend line and $39,200. A close below the $39,200 support zone might start another decline. In the stated case, the price might drop to $38,400. Technical indicators: Hourly MACD – The MACD is slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $39,200, followed by $38,400. Major Resistance Levels – $39,600, $40,000 and $40,770.

submitted by /u/Thelazytimelord257 [link] [comments]

The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed within the country. Nepalese Regulator’s Crypto Warning Nepal’s regulator of the technology sector, the Nepal Telecommunications Authority (NTA), issued a notice […]

“Offering yet another transactional mode is exciting, and we are glad to recognize the value this technology brings to our customers,” said DAMAC Properties’ general manager of operations Ali Sajwani

It turns out the pseudonymous John Dobbertin, who was one of the six participants in the Zcash Ceremony, was Edward Snowden all along.

As of April 26, 2022 Polygon hit 19,000 dApps built on their network. Back in November that number was only 3,000 and slowly started building up. What a freaking milestone this is and it doesn’t just stop there. There are now officially more than 8,000 monthly active teams building on the Polygon PoS, which is…
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