Category: Cryptocurrency News

Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.

CoinMENA CEO Talal Tabbaa believes that the FTX collapse will not change the vision of the UAE to become a global crypto hub.

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Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access […]

Dear Ethereum lovers, I am currently doing research for developing a crypto related app. Would you be so kind as to answer this 2 minute survey? https://www.surveymonkey.com/r/9DB5CCM Thanks in advance submitted by /u/Comprehensive_Fan_40 [link] [comments]

Hello people. In the wake of FTX contagion, a lot of people are opting to have a control of their own crypto. They want to use a crypto wallet, but they are confused about its functioning, and security threats. So, I decided to write a series of posts regarding these topics. This post is part-2…
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So with all the FTX drama going on lately and exchanges not actually having full reserves and whatnot, it just made me realize yet another reason why everyone should be custodying their own coins and ALWAYS taking them off exchanges when they buy. Basically, if an exchange or custody service is pulling some fuckery, you…
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Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies and institutional investors. Ripio Expands Operations to US […]

SOL’s price bounces off key support of $10 as price rallies to a high of $14 as bulls feel a measure of safety.  SOL’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious.  SOL’s price bounces from a low of $11 on the daily timeframe as the price looks weak, trading below 50 and 200 Exponential Moving Average (EMA) Solana (SOL) has had a rough start this month, with the price action not looking nice after suffering a drastic price decline from a region of $35 to $11 due to the FTX fiasco, which has had a more direct impact on the price. Despite the relief bounce from Solana (SOL), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance) Related Reading: XRP Price Prediction: Why The Bulls Could Aim Fresh Rally To $0.45 Solana (SOL) Price Analysis On The Weekly Chart Despite the uncertainty and turbulence that has affected the price of Solana (SOL) and the crypto market at large, many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement.   Solana (SOL) has suffered more price loss, and the community has been affected and, as such, needs more rebuilding in terms of price and trust for the project after the damage caused by FTX. SOL’s price declined from a region of $35 to a region of $11 as SOL lost its key support of $20. The price of SOL failed to hold above $20, leading to price retesting lower price points.  The price of SOL continues to hold above $11, indicating a good sign for the price of SOL on the weekly chart and other timeframes. If the price of SOL loses this region of interest, this will lead to lower prices, and panic could set in.  Weekly resistance for the price of SOL – $20. Weekly support for the price of SOL – $10. Price Analysis Of SOL On The Daily (1D) Chart The price of SOL remains considerably weak in the daily timeframe as the price trades above $14 after SOL saw its price decline from $35 to $11 as the market continues in its state of uncertainty.  SOL’s price continues to struggle as price aims for more relief bounce from this region. The price of SOL needs to reclaim and trade above $20 for a short-term relief bounce. The $20, corresponding to the Fibonacci retracement value of 38.2%, will strongly resist the SOL price. If the price of SOL flips the region of $20, we could see more rallies for SOL to a region of $30 or more. Daily resistance for the SOL price – $20. Daily support for the SOL price – $11. Related Reading: Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend Featured Image From zipmex, Charts From Tradingview