Category: Cryptocurrency News

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PRESS RELEASE. Project Xeno is pleased to announce that Fumiya, a social media creator with over 6 million followers on SNS, has been appointed as the Southeast Asia ambassador for “PROJECT XENO.” Fumiya is a social media creator based in the Philippines, working extensively as an actor, singer, TV personality, and YouTuber. He has 2.31 […]

Ripple remained well bid above the $0.35 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.45 level. Ripple started a decent increase from the $0.32 support zone against the US dollar. The price is now trading above $0.350 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.400 resistance zone. Ripple Price Eyes Fresh Increase After a strong decline, ripple’s XRP formed a base above the $0.320 zone against the US Dollar. The price started a decent increase above the $0.335 and $0.340 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair. XRP is rising steadily above the 100 simple moving average (4-hours) and outperforming both bitcoin and ethereum. The price is now facing hurdles near $0.395 and $0.400. The first major resistance is near the $0.415 level. The 50% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low is also near the $0.415 level. A successful break above the $0.415 resistance might send the price towards the $0.450 resistance. Source: XRPUSD on TradingView.com The next key resistance is near the $0.465 level. Any more gains might send the price towards the $0.50 level in the coming days. Dips Supported in XRP? If ripple fails to clear the $0.415 resistance zone, it could slowly move down. An initial support on the downside is near the $0.380 level and the 100 simple moving average (4-hours). The next major support is near $0.345. If there is a downside break and close below the $0.345 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.380, $0.345 and $0.320. Major Resistance Levels – $0.400, $0.415 and $0.450.

CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.

Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio. Sony’s Beyond Sports […]

StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open source.

For those unfamiliar, CZ (will admit like 90% of you I can't say his real name right) is the leader of the largest crypto exchange and pretty much an indirect reason why the market has tumbled further. He sped up the process of outing Sam and helped collapse FTX which we all know the rest……
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Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance. Ethereum struggled to gain pace for a move above the $1,230 resistance level. The price is now trading above $1,170 and the 100 hourly simple moving average. There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is no clear move above $1,230 and $1,250. Ethereum Price Faces Rejection Ethereum price started a recovery wave above the $1,150 resistance, similar to bitcoin. ETH even climbed above the $1,200 resistance and settled above the 100 hourly simple moving average. However, there was no test of the $1,230 resistance zone. Ether price traded as high as $1,215 and is currently correcting gains. There was a minor decline below the $1,200 level. It is now approaching the 23.6% Fib retracement level of the upward move from the $1,073 swing low to $1,215 high. It is now trading above $1,170 and the 100 hourly simple moving average. There is also a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,200 level and the channel trend line. Source: ETHUSD on TradingView.com The next major resistance is near the $1,230 level. The key breakout zone sits near the $1,250 level. To move into a positive zone, the price must settle above $1,250. In the stated case, ether price may perhaps rise towards the $1,320 resistance zone. Any more gains might open the doors for a test of the $1,400 resistance zone. Fresh Decline in ETH? If ethereum fails to climb above the $1,230 resistance, it could start another decline. An initial support on the downside is near the $1,170 level and the 100 hourly simple moving average. The next major support is near the $1,150 level or the 50% Fib retracement level of the upward move from the $1,073 swing low to $1,215 high, below which ether price may perhaps gain bearish momentum. In the stated scenario, the price could decline towards the $1,070 support zone. 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 – $1,150 Major Resistance Level – $1,230

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

In the wake of the FTX crisis proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in.