Bank for International Settlements researchers admired DeFi’s “competitive financial engineering” and made some highly technical aspects of DeFi somewhat more accessible.
The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it does not require a wired […]
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market.
The researchers compared the average cost of remittances according to World Bank data with estimated costs of trading USDC and EUROC stablecoins at Uniswap.
One of the coins that fast caught my eye because of the name is Worldcoin. So what's so bad about it except one of the dumbest names, Worldcoin name that screams shitcoin, first what you need to do is : https://preview.redd.it/367fs1yc82da1.png?width=764&format=png&auto=webp&s=ca0fd48b4b4721b7499c714152c725b6b401bd2f Well that doesn't seem too bad yet, so what is this Orb thing? https://preview.redd.it/iy3tewnj82da1.png?width=650&format=png&auto=webp&s=d52920f35a8e20608037d0edf2841dec46866c9d…
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According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges.
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Dogecoin started losing value as soon as it fell outside its ascending parallel channel. At the moment, Dogecoin is trading laterally. Over the last 24 hours, DOGE went up by 0.3%, which confirms that the coin was stuck in a consolidated price region. Last week, Dogecoin brought in close to 4% gains. The technical outlook for the Dogecoin price depicted that bearish momentum had set in. Demand and accumulation for the meme-coin depreciated when it started to trade sideways. Related Reading: Tezos Approaches The ‘Mumbai Upgrade’, What’s Next For XTZ? The meme coin noted a price pullback after it breached the $0.88 resistance level. Over the last few days, Dogecoin has witnessed a substantial influx of buyers; however, selling pressure has amplified at press time. Overall, the meme coin has a bullish structure as it has managed to keep its price above the 200-Simple Moving Average line. In the shorter time frame, Dogecoin might retrace close to the $0.74 level before recovering or falling in value further. The market capitalization of DOGE declined slightly, indicating that selling pressure has mounted on the chart. Dogecoin Price Analysis: One-Day Chart DOGE was trading at $0.81 at the time of writing. The coin corrected itself after it reached the $0.88 price level. Immediate resistance for the meme coin stood at $0.87, close to the 61.8% Fibonacci retracement level. Moving past the $0.87 mark can push DOGE to the $0.104 resistance mark. On the other hand, if Dogecoin fails to stay above the $0.74 support level, it can fall to $0.66. If demand picks up slightly, it is unlikely that Dogecoin will fall below the $0.74 price floor. The amount of Dogecoin traded in the last session decreased, indicating that there has been a fall in buying pressure. Technical Analysis The meme coin has depicted a fall in demand as buyers started to decline on the daily chart. The Relative Strength Index (RSI) retraced after it stood close to the 70-mark, signifying excess buyers over sellers. This signified that the meme coin was correcting itself at press time. The RSI, however, remained above the 50-mark, indicating that buying strength was greater than selling strength. Dogecoin price was above the 20-Simple Moving Average (SMA), indicating that buyers were in control of price momentum in the market. It was also above the 50-SMA (yellow) and 200-SMA (green) lines, indicating bullishness. The coin, however, formed a death cross where the 200-SMA line crossed over the 20-SMA line. A death cross is accompanied by a significant fall in value. The meme-coin continued to display buy signals on the one-day chart. The Moving Average Convergence Divergence, which indicates price momentum and trend reversal, depicted green signal bars tied to buy signals. Related Reading: Bitcoin Bulls Hold The Line At $20,700, But Bigger Losses Are Imminent? These green histograms were shrinking, indicating that it was probably not a good time to buy the asset. In resonance with the same, the Bollinger Bands that suggest volatility widened apart, implying that the price would significantly change over the next trading session. Featured Image From UnSplash, Charts From TradingView.com
The Busan Digital Asset Exchange Establishment Promotion Committee said it plans to create a functional exchange by the end of the year.
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