Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

TA: Ethereum Uptrend Vulnerable Unless It Surges Past $1,900

Ethereum extended losses below the $1,820 support against the US Dollar. ETH could decline further if it fails to start a recovery wave above the $1,900 level. Ethereum started a fresh decline and traded below the $1,900 level. The price is now trading below $1,880 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear move below the $1,800 level. Ethereum Price Turns Red Ethereum followed a bearish path after it settled below the $1,900 level. ETH traded below the $1,850 support zone and increased pressure on the bulls. The bears even pushed the price below the $1,820 level, but the price stayed above the $1,800 level. A low is formed near $1,806 and the price is now consolidating losses. Ether price is now trading below $1,880 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,840 level. It is near the 23.6% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low. The first major resistance is now forming near the $1,880 level and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $1,880 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent drop from the $1,955 swing high to $1,806 low. Source: ETHUSD on TradingView.com A clear move above the $1,880 resistance could even push the price above the $1,900 resistance. The next major resistance is near the $1,920 level, above which the price may perhaps move into a positive zone. More Losses in ETH? If ethereum fails to rise above the $1,880 resistance, it could continue to move down. An initial support on the downside is near the $1,800 zone. The next major support is near $1,780, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,750 level. Any more losses may perhaps open the doors for a move towards the $1,650 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,800 Major Resistance Level – $1,880

Getting a job in crypto

Hey guys! Reaching out because I am an absolute crypto fanatic and I am looking for some advance about getting a job in crypto. For the last 2 years, I have been working for a start-up SaaS company. There I have managed our top 5 clients and helped each of them grow by over 50%.…
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Censorship Resistance of Validators needs to be thought out more.

Proposer builder separation, but the contents of the block are blinded using threshold cryptography and are only revealed after a majority of validators have signed it submitted by /u/samdane7777 [link] [comments]

'Programmable money should terrify you' — Layah Heilpern

The comments come as Layah Heilpern believes CBDCs will give rise to government enforced censorship which will prevent residents from transacting how they wish.

Fortnite developer supports Animoca subsidiary's blockchain racing game

The indie games subsidiary has just received support from Epic Games for its upcoming blockchain-powered P2E racing game Torque Drift 2.

Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers

The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others,” the regulator said. The Philippine Central Bank’s Crypto Warnings […]

Ether is up 100% since its bottom in June, massively outperforming bitcoin

submitted by /u/Major_Bandicoot_3239 [link] [comments]

Here’s Vitalik’s personal view on zkEVM and its relationship and importance to Ethereum’s future:

Vitalik recently had a very informative talk about zkEVMs, their different types, and their relationship with Ethereum as a whole yet I haven’t seen anyone here talk about it (link me to a post if I’m wrong, I’d appreciate a good read) This might be just me, but I feel like not many here still…
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Robinhood lands steep 60% discount on $170M exchange acquisition: Report

The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions.

TA: Bitcoin Price Showing Early Signs of Fresh Downtrend, But $22.5K Is The Key

Bitcoin declined further below the $23,000 level against the US Dollar. BTC is moving lower and remains at a risk of more losses if it breaks the $22,000 support. Bitcoin extended losses and declined below the $23,200 support. The price is now trading below the $23,500 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $23,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $22,500 support in the near term. Bitcoin Price Gains Bearish Momentum Bitcoin price settled below the $24,000 level to move into a bearish zone. BTC gained bearish momentum below the $23,500 and $23,200 support levels. It opened the doors for more losses below the $23,000 level and the 100 hourly simple moving average. Finally, the price found support near the $22,700 zone. A low was formed near $22,715 and the price is now consolidating losses. Bitcoin price is now trading below the $23,200 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $23,150 level. It is near the 23.6% Fib retracement level of the key drop from the $24,440 swing high to $22,715 low. The first major resistance on the upside sits near the $23,550 level. It is near the 50% Fib retracement level of the key drop from the $24,440 swing high to $22,715 low. Source: BTCUSD on TradingView.com There is also a key bearish trend line forming with resistance near $23,550 on the hourly chart of the BTC/USD pair. The main resistance is forming near the $23,750 zone and the 100 hourly simple moving average. A close above the $23,550 and $23,800 resistance levels might start another increase. In the stated case, the price may perhaps climb above the $24,000 resistance. Any more gains might send the price towards the $24,500 level. More Losses in BTC? If bitcoin fails to clear the $23,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $22,715 level. The next major support now sits near the $22,500 level. A downside break and close below the $22,500 level might could push the price further into a bearish zone. In the stated case, the price might decline towards the $21,200 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $22,715, followed by $22,500. Major Resistance Levels – $23,200, $23,550 and $23,800.