Category: Cryptocurrency News

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Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users.

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Gate US said it obtained licenses to operate in “several” U.S. states along with a money service business license from FinCEN leading up to its local launch.

BNB price (Binance coin) found support near $220 against the US Dollar. BNB is rising, but the bears could take a strong stand near the $265 zone. Binance coin price started a recovery wave from the $220 support against the US Dollar. The price is now trading below $265 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $265 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could start a fresh decline unless there is a clear move above the $265 resistance. Binance Coin Price Faces Resistance This past week, BNB price saw a major decline below the $250 support zone. It gained bearish momentum against bitcoin, ethereum and other peers. The price tumbled below the $235 support against the US dollar and tested the $220 support. A low was formed near $220.1 and the price recently started a recovery wave. The price climbed above the $230 and $235 resistance levels. There was a clear move above the 23.6% Fib retracement level of the key drop from the $291 swing high to $220 low. However, bnb price is still trading below $265 and the 100 simple moving average (4-hours). On the upside, the bears are protecting the $250 and $255 resistance levels. The 50% Fib retracement level of the key drop from the $291 swing high to $220 low is also near the $256 level. Source: BNBUSD on TradingView.com The next major resistance is near the $265 level. There is also a crucial bearish trend line forming with resistance near $265 on the 4-hours chart of the BNB/USD pair, above which the price is likely to aim a test of the $275 level in the near term. Any more gains might send the price towards the $300 level. Fresh Decline in BNB? If BNB fails to clear the $265 resistance, it could start a fresh decline. An initial support on the downside is near the $240 and $238 levels. The first major support is near the $230 level. The next major support is near the $220 level. If there is a downside break below the $220 support, there could be an extended decline towards the $200 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $238, $230 and $220. Major Resistance Levels – $255, $265 and $275.

Auto-payments for bills are commonplace in the traditional banking world and Visa has proposed a way to mimic the service using blockchain tech.

Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key. Ethereum made another to clear the $1,150 support, but the bulls were active. The price is now trading below $1,200 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if there is a move above the $1,200 resistance. Ethereum Price Faces Hurdle Ethereum price moved into a bearish zone below the $1,250 pivot level. ETH gained bearish momentum below the $1,200 level and the 100 hourly simple moving average, similar to bitcoin. The price spiked and tested the $1,150 support. The bears made two attempts to push ether price below the $1,150 support, but failed. The recent low was formed near $1,150 and the price started a short-term upside correction. There was a move above the $1,165 resistance. Besides, there was a break above a key bearish trend line with resistance near $1,165 on the hourly chart of ETH/USD. Ether price is now facing resistance near $1,200 and the 100 hourly simple moving average. It is close to the 23.6% Fib retracement level of the main decline from the $1,350 swing high to $1,150 low. The first major resistance is near the $1,220 level. Source: ETHUSD on TradingView.com A close above the $1,220 resistance might start a decent recovery wave. The next major resistance could be $1,250 or the 50% Fib retracement level of the main decline from the $1,350 swing high to $1,150 low. If the bulls clear the $1,250 barrier, the price might rise towards $1,300. Any more gains might send the price towards the $1,350 resistance zone. Fresh Decline in ETH? If ethereum fails to climb above the $1,200 resistance, it could start another bearish wave. An initial support on the downside is near the $1,165 level. The next major support is near the $1,150 level, below which the price could accelerate lower towards the $1,100 support. Any more losses could lead the price towards the $1,050 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,150 Major Resistance Level – $1,220

The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,” said the minister of state in the Ministry of Finance. Indian Government Answers Questions About […]

The exchange warned those who received payments from FTX or its former executives that it’s looking to recover funds even if they were donated to charity.

There’s still plenty of room for innovation, according to Ethereum’s co-founder Vitalik Buterin.