DeFi always comes off as “complicated” and “hard to learn” but the reality is it’s not nearly as hard of a concept as traditional finance is. In fact, I’d argue that it’s much simpler. However, we never really needed to understand how finance works in the first place because that has always been the job…
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The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin ETP.
CoinCorner, a Bitcoin Lightning-based card payment service provider, is looking to install NFC card readers across El Salvador to offer a seamless retail BTC experience.
A suite of Microsoft products will feature in Meta’s new Virtual Reality headset, with Meta CEO Mark Zuckerberg calling it the “virtual office of the future.”
Interoperable QR payments, a system that allows all digital wallets in Argentina to make payments in several stores, reached a record number in September. According to official numbers, 3.15 million payments were completed using this system, including cryptocurrency-based payments that exchanges like Bitso are already offering in the country. Interoperable QR Payments Gain Ground in […]
Huobi has had its ups and downs, just like every other entity in the crypto space. Not surprising. Before the Chinese 2021 ban on cryptocurrency transactions, the COO of the company, Robin Zhu, came under investigation in China for unspecified reasons. The exchange announced it had lost 920 BTC and 8,100 LTC in a Weibo post in 2014. However, at the time, it was estimated that the exchange may have lost much more – 5,000 BTC and 80,000 LTC. If something like this happened today, it would cost the exchange $95 million in Bitcoin and $4 million in Litecoin. Huobi has also been negatively affected by China’s ban on virtual currencies. As a result, About Capital decided to acquire the business on October 8 this year. Several days later, the company made public its decision to establish an advisory board with five participants. Huobi’s native token soared following a tweet from Justin Sun, the founder of Tron, who laid down plans for the company’s revival. As of this writing, HT is trading at $6.62, up 61 percent in the last seven days, data from Coingecko show, Wednesday. 今天是我入职Huobi第二天，我代表Huobi Global顾问委员会发言，我们深知振兴Huobi的关键就是赋能HT，HT兴火币才能兴！未来将有许多大动作围绕HT展开，包括品牌升级，重磅赋能，商务合作，我们会团结一切能团结的力量，共同把@HuobiGlobal 做好！ — H.E. Justin Sun🌞🇬🇩 (@justinsuntron) October 10, 2022 Related Reading: Why SHIB Price Lost Its Bullish Energy After Shiba Eternity Games’ Release Going For The Green Option Prior to the release of the recovery plan, the price of HT was fluctuating near the $4.3395 support level, which has exhibited strength over the past few months. This support level effectively blunted the market drop from May to June, which saw numerous crypto currencies falter. Chart: TradingView In August, the token increased by 31% during the course of three days. From August 15 to August 19, the token dropped roughly 21.57%. The following month, the coin pull reversed and formed a downward trend that temporarily breached $4.3395 support. Along with the founding of the Advisory Board, the acquisition instilled new trust in the organization. From that moment forward, the price tested the prior support level and yesterday, October 10, it finally broke through. Nevertheless, investors should be wary of a market drop. Huobi: Correction Phase Imminent Long-term holders of the token will unavoidably sell their holdings at a profit during major rallies like the current one HT is experiencing. The token’s RSI has reached the overbought zone, which will send investors and traders strong sell signals. If the pullback occurs within the next few days, the bulls should defend the 50 Fibonacci level, as any breach by the bears will result in increased selling pressure for the token. Investors can also consider the Bollinger band, since the upper part of the indicator now supports the move. Additionally, the 20-day to 150-day SMAs serve as dynamic support for the coin. However, even if the correction occurs, HT’s future remains promising. Related Reading: Quant Price Watch: Crypto Looking At 20% Rally This Week With This Pattern HTUSD pair trading at $6.53 on the daily chart | Featured image from Crypto Briefing, Chart: TradingView.com
Visa is set to integrate its B2B connect network with JPMorgan’s suit of blockchain based cross-border payment products.
Huobi Token (HT) price started a major increase above $5.00 against the US Dollar. It is now facing a major resistance at $6.85, above which it could rally to $10.00. Huobi Token price gained over 50% in a few days and broke the $5.00 resistance. The price is now trading above $5.00 and the 100-day hourly simple moving average. There was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT/USD (data feed via FTX). The pair could rally further to $10.00 if it clears the $6.85 resistance zone. Huobi Token (HT) Price Rallies over 50% Huobi Token formed a strong base above the $4.00 zone. HT price started a fresh rally above the $4.20 and $4.50 resistance levels. The bulls were able to push the price above the $5.00 resistance and the 100-day hourly simple moving average. During the rally, there was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT/USD. The price gained pace and was able to clear the 38.2% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low. It is up over 25% in a day (unlike bitcoin and ethereum) and surpassed the $6.00 resistance level. It is now facing a strong resistance near the $6.85 level. The stated resistance is near the 50% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low. Source: HTUSD on TradingView.com The next major resistance sits near the $7.50 level. A close above the $6.85 and $7.50 levels could pump the price further higher. In the stated case, HT price could revisit the $9.95 level or even test the $10.00 resistance. Dips Supported in HT? If HT price fails to surpass the $6.85 and $7.50 resistance levels, it could start a downside correction. An initial support on the downside is near the $6.00 level. The next major support is near the $5.50 level. A downside break below the $5.50 might start a major downside correction. In the stated case, Huobi Token price may perhaps decline towards the $5.00 level. Technical Indicators Daily MACD – The MACD for HT/USD is now gaining momentum in the bullish zone. Daily RSI – The RSI for HT/USD is now in the overbought zone. Major Support Level – $6.00 Major Resistance Level – $6.85
The SEC must submit its brief by Nov. 9. After that, Grayscale will then submit a reply brief on Nov. 30 before both parties submit a final brief on Dec. 21.
“The Currency” is the name given to Hirst’s NFT project which examines the value of digital art versus physical art.
