Category: Cryptocurrency News

Celer Network (CELR) is currently experiencing a market pump amidst a general crypto fall. In a week in which several assets have bled with significant losses, CELR has repaid investors’ confidence gaining 10.8% in the last seven days. According to more data from Coingecko, CELR has gained by 26.3% in the last two weeks representing a far better market performance than market giants Bitcoin (BTC), and Ethereum (ETH), within the same period. However, it must be said that CELR is a long way from its market price as of this time last year, with a staggering 44.4% decline from its year-to-date value.  That said, much of CELR’s price growth in the past week has been driven by a series of announcements by the project, sparking excitement among the user community and increasing traction on the network.  At press time, CELR is trading around $0.0264, having gone up by 3.2% in the last 24 hours. Based on more data from Coingecko, the ERC-20 token has a daily trading volume of $60.67 million and a total market cap of $149.65 million. CELR trading at $0.026 | Source: CELRUSD chart from Tradingview.com Related Reading: China Is Fast Losing Money: Their Bitcoin Stash Just Fell By $388 Million Celer Announces Expansion of zkSync Coverage  For most investors, it is little to no surprise that Celer has managed to stay above the waters during this crypto storm, as the blockchain network has recorded various exciting developments in the last few weeks.  On April 19, Celer Network announced the expansion of its support for the zkSync Network. According to Celer’s Twitter post, users can now utilize the cBridge, the network’s multi-chain cross-layer asset bridge, to bridge ETH and USDC between the zkSync Era network and over 10 other blockchains, including Ethereum, BNB Chain, Avalanche, Polygon, etc.  The zkSync project is a layer-two scaling solution designed to scale operations on the Ethereum network using zero-knowledge (zk) technology. It is currently one of the nascent and most exciting technologies in the crypto space following the launch of its Alpha Mainnet last month. Related Reading: XRP Correction Continues: Elliott Waves Theory Predicts Wave 2 At $0.38 Other Developments On The Celer Network In addition to the expansion of its zkSync coverage, Celer Network also unveiled its collaboration with Polygon as one of the initial launch partners of the project’s zkEVM upgrade. The developer’s team stated that the cBridge would provide support for bridging ETH between Polygon zkEVM and other networks, including Ethereum, Fantom, Optimism, Arbitrum, BNB Chain, Avalanche, and the Polygon Mainnet.  Meanwhile, BitGo, one of the most popular names in the crypto space, also announced support for CELR this week. BitGo is a leading digital asset security and custody company with over 1,500 institutional clients in 50 countries, including top cryptocurrency exchanges, trading platforms, regulated entities, etc. Featured Image: Celer Network, Chart from TradingView

This article explores how artificial intelligence is transforming the financial services industry, from fraud detection to customer service and beyond.

Despite the relative performance of altcoins in 2023, Bitcoin has seen a significant 75% bullish rally since the beginning of the year. However, Bitcoin’s price has been unable to surpass the resistance level of $30,000 for a week, and this has stirred a technical belief that there is a possibility of a retracement streak toward the medium-term support level of $25,000. Is Bitcoin’s Rally Losing Steam At $30,000?  The annual upward movement in the price of Bitcoin, fueled by the banking crisis in March, may be hitting a roadblock at the $30,000 resistance level. To assess the underlying dynamics of BTC, we need to look at an extended chart, which provides a longer-term perspective spanning several weeks. Historically, the bullish reversals in this time frame have shown a well-defined chart structure, with phases of bullish impulses followed by periods of sideways transitions. Related Reading: Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally The recent bullish reversal in the last quarter of 2022, followed by the rebound from $20,000 that kickstarted the current rally, was preceded by a notable bullish momentum divergence (as indicated by the RSI technical indicator) from the oversold zone. Bitcoin Could Hit The $25,000 Support Level In Coming Days The RSI indicator has entered the technical overbought zone as BTC approached the $30,000 resistance level. The overall chart pattern resembles that of August 2020, which saw a retracement from $12,000 to $9,500 before the subsequent bull run starting in October 2020. Considering chartist probabilities, the scenario of a retracement towards the major support at $25,000 has gained in probability. Therefore, preserving the $25,000 support level would be a key factor in invalidating the bullish trend in 2023. This retracement scenario could be triggered by a break of the short-term support at $28,800; the upper part of the bearish gap opened on Monday, June 13, 2022. Related Reading: China Is Fast Losing Money: Their Bitcoin Stash Just Fell By $388 Million The market is on a precarious edge following a significant session of long position liquidations. To avoid a potential return to $25,000, the market would need to bounce convincingly off the $28,800 level and break above the intermediate resistance at $29,500 to signal renewed bullish momentum. The situation remains fluid, and further price action will provide more insights into the direction of BTC’s price movement. The Impact Of Interest Rates And US Dollar On Bitcoin’s Technical Analysis  Bitcoin is currently at a crucial chart juncture, and the market is expected to decide in the coming hours. This decision is likely to be influenced by two key factors from the inter-asset class dynamics: the trend of market interest rates and the behavior of the US dollar on the Forex, which has returned to its annual low and is acting as a support level.  If there is a continuation of the rebound in rates and a breakout of support on the US dollar, it may negatively impact Bitcoin’s price and increase the likelihood of a decline toward $25,000. On the other hand, if there is a cessation of the rebound in rates and the US dollar support level holds, it may counter the scenario of a decline toward $25,000. The market will ultimately determine which direction Bitcoin takes. (This is not financial advice and is the observation of the author. Featured Image from iStock, charts from TradingView.com)

Bitcoin is seeing a “logical and healthy” pullback, commentary states, with $25,000 now a key BTC price line in the sand.

The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS […]

SafeMoon hacker said the exploit wasn’t intentional plans to return majority of the exploited funds.

Also in a previous video in one of his lectures he says that ETH is not considered a security. Link below https://youtu.be/ZPy9QbY6D9w submitted by /u/thcdumpster16 [link] [comments]

The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make itself the country’s sole regulator […]