Category: Cryptocurrency News

Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone. Ethereum is holding the main breakdown support at $1,265. The price is now trading below $1,310 and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if there is a clear move above $1,300 and $1,320. Ethereum Price Remains Supported Ethereum attempted a fresh increase above the $1,300 level, similar to bitcoin price. ETH struggled to gain pace for a move above the $1,320 level. The price traded as high as $1,310 and started a fresh decline. There was a move below the $1,300 support zone. It retested the $1,265 support zone. A low is formed near $1,270 and the price is now consolidating losses. Ether price is now trading below $1,310 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,290 level. It is near the 50% Fib retracement level of the downward move from the $1,310 swing high to $1,270 low. Source: ETHUSD on TradingView.com The first major resistance is near the $1,295 level and the 100 hourly simple moving average. There is also a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH/USD. A clear upside break above the $1,300 resistance zone could open the doors for a move towards the $1,320 level. The main resistance is still near the $1,350 level, above which ether price could start a strong increase. Major Drop in ETH? If ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,270 level. The next major support is near the $1,265 level. A downside break below the $1,265 zone might start a fresh decline to $1,220. Any more losses may perhaps push the price further lower towards the $1,200 support. 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 – $1,265 Major Resistance Level – $1,300

Explaining the cease and desist orders, the Texas State Securities Board in particular likened Sloties’ NFTs to something that is “similar to stock and other equities.”

Spent a lot of effort writing this up, so please have a read if these collectible little dudes and their recent success have at all piqued your interest or raised your eyebrows. ——————————— I bought my first avatar because I thought it looked cool and I like Tyler Foust’s artwork. Never had an NFT before…
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The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.

JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” JPMorgan Chase Hires Head of Digital Assets Regulatory Policy […]

Bitcoin price is struggling to climb higher above $19,200 against the US Dollar. BTC could start a major decline if it breaks the $18,900 and $18,500 support levels. Bitcoin failed to gain pace and remained in a bearish zone below $19,500. The price is trading below $19,400 and the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady recovery if there is a clear move above $19,200 and then $19,500. Bitcoin Price Continues To Struggle Bitcoin price attempted a move towards the $19,500 resistance zone. BTC remained in a bearish zone and even failed to clear the $19,400 level. A high was formed near $19,344 and there was a fresh decline. The price declined below the $19,200 level and tested $18,950. A low is formed near $18,938 and the price is now consolidating losses. It traded above the 23.6% Fib retracement level of the recent drop from the $19,344 swing high to $18,938 low. Bitcoin price is now trading below $19,400 and the 100 hourly simple moving average. There is also a short-term breakout pattern forming with resistance near $19,200 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $19,150 level. It is close to the 50% Fib retracement level of the recent drop from the $19,344 swing high to $18,938 low. The first major resistance sits near the $19,200 level and the trend line. Source: BTCUSD on TradingView.com The next major resistance might be $19,300 or the 100 hourly SMA. A clear move above the $19,300 resistance might send the price towards the $19,500 resistance. Any more gains might open the doors for a move towards the $20,000 resistance zone. Downside Break in BTC? If bitcoin fails to rise above the $19,200 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,000 zone. The next major support is near the $18,900 zone. A downside break and close below might call for a test of the main breakdown support at $18,500. Any more losses might start a major decline and the price could drop to $17,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $19,000, followed by $18,900. Major Resistance Levels – $19,200, $19,300 and $19,500.

Fidelity Digital Assets is adding support for Ethereum trading for institutional trading effective at the end of the month. The news comes through a widely amplified screenshot of a leaked email that was reportedly sent to the firm’s clients. Lets take a look at what we know in the early days around this leak, with realized support for Ethereum expected to be just a week away. Fidelity Digital Assets Makes A Big Stride Fidelity Investments operates one of the biggest financial institution behemoths on the planet, and has shown continued investment in their digital asset division. While the perspective last year from Fidelity Digital Assets – throughout the midst of the bull market – was that institutional demand for Ethereum was not sufficient, that seems to have changed course. According to reports surrounding the leaked memo, Fidelity Digital is expected to offer Ether buying, selling and trading for institutional clients as early as October 28. The move is surprising to some, considering the bear market conditions that have persisted this year. Ether (ETH) trading is expected to be supported later this month for institutional clients of Fidelity Digital Assets, according to leaked memos that have been unveiled this week. | Source: ETH-USD on TradingView.com Related Reading: Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon? The Building Blocks Of Institutional Investment This announcement, however, might not be surprising to all. A survey conducted by Fidelity Digital last year that engaged financial advisors, high-net-worth investors, hedge funds, family offices, endowments and foundations, and similar businesses across the globe, found that price volatility and lack of fundamentals have been two main drivers behind skepticism around digital asset investments. One year later, the market has found relatively stability (albeit, bear market stability) compared to years past, and there is more use cases behind Ethereum blockchain-based utility than ever before. Has that been enough for the tide to turn when it comes to institutional investment? This move from Fidelity Digital suggests so. Additional movement throughout this year has suggested Fidelity’s interest in continuing a push into digital assets, too, such as a bullish perspective in recent months from Fidelity’s Director of Macro Jurrien Timmer, and company-wide support for Bitcoin allocations in employee 401k’s. Just last week, the company continued it’s push, launching an Ethereum Index Fund. We’ll see how institutional investment responds to Fidelity’s new offering, but regardless, it only bodes well for the big-picture future of the broader crypto landscape. Related Reading: Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry? Featured image from FidelityDigitalAssets.com, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice. This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

What are your thoughts on the Gen 2 avatars? Are there any that you like more than Gen 1? What was your experience like when the Gen 2 collection was released? submitted by /u/Emergency_Dragonfly4 [link] [comments]

KSM’s price struggles to hold above key support as price trades in a downtrend channel as price eyes a possible breakout.  KSM continues to struggle as prices get rejected in a downtrend price channel after losing support to bears.  The price of KSM trades below $45 for the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  Kusama (KSM) hasn’t looked as strong as it should, as the price has lost its key support and has tested it several times against tether (USDT). With the price of Aave attempting to gain traction, it was expected that Kusama (KSM) would follow suit, but the crypto market has a way of turning things around. With so much uncertainty in the crypto market, this could be a significant factor, as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, with the price of KSM experiencing a delayed movement. (Data from Binance) Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 Kusama (KSM) Price Analysis On The Weekly Chart Most projects have fared poorly in the bear market, with many experiencing price declines of more than 50%, discouraging most traders and investors from stockpiling these assets. With Bitcoin’s dominance (BTC.D) increasing, the price of most crypto assets may suffer. If BTC.D rises above 45%, altcoins will fall further with each minor price rejection for BTC. Following a rally to a high of $600, the price of KSM encountered resistance to trend higher to a new all-time high, as the price has struggled to replicate such price action, with the price experiencing more of a downtrend than an uptrend. The price of KSM saw a rejection to a weekly low of $43 as the price has since struggled to bounce off from this low to a high of $60.  Weekly resistance for the price of KSM – $45. Weekly support for the price of KSM – $30. Price Analysis Of KSM On The Daily (1D) Chart In the daily timeframe, the price of KSM continued to struggle as bulls could not defend the key support region of $45. After falling to a low of $37, where the price formed good support, KSM rallied to a high of $47, where it was rejected, and has since moved in a downtrend channel with no buy volatility. The price of KSM needs to break out of its downtrend in order to trend higher; if this structure holds, the price could drop to $30. Daily resistance for the KSM price – $45. Daily support for the KSM price – $37-$30. Related Reading: Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry? Featured Image From zipmex, Charts From Tradingview 

There has been a raging debate about NFT royalties for some time now, creators are outraged about people are circumventing royalties from the sales of NFTs by trading P2P instead of using a marketplace. Now this has gone so far as Solana implementing a way for NFT creators(and by extension any token) to take control…
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