Alex Bornyakov is the Deputy Minister of Digital Transformation of Ukraine. He recently joined the Bitcoin.com News Podcast to talk about how the country is using cutting edge technologies such as cryptocurrencies, NFTs and web3 in face of the dreadful challenges of war. Among the topics discussed are how the crypto community’s charity is helping […]
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The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this kind of payment has thrived, representing 60% of the payments operations made, while plastic-based payment media has stagnated, registering a fall in use. Mobile Payments Keep Growing […]
BNB price (Binance coin) found support near $255 against the US Dollar. BNB is rising and might gain pace if it clears the $285 resistance zone. Binance coin price started a recovery wave from the $255 support against the US Dollar. The price is now trading below $280 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $285 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could start a fresh rally if it clears the $285 and $290 levels. Binance Coin Price Aims Upside Break After a steady decline, BNB price settled below the $280 level. It tested the $255 support zone and traded as low as $253.8. Recently, there was a recovery wave above the $260 level, similar to bitcoin and ethereum. The price climbed above the $265 and $268 resistance levels. There was a clear move above the 23.6% Fib retracement level of the main decline from the $317 swing high to $253 swing low. However, bnb price is still trading below $280 and the 100 simple moving average (4-hours). On the upside, the $280 and $285 levels are immediate hurdles. There is also a major bearish trend line forming with resistance near $285 on the 4-hours chart of the BNB/USD pair. Source: BNBUSD on TradingView.com The 50% Fib retracement level of the main decline from the $317 swing high to $253 swing low is also near $285. The next major resistance is near the $290 level, above which the price is likely to aim a test of the $320 level in the near term. Any more gains might send the price towards the $350 level. Fresh Decline in BNB? If BNB fails to clear the $285 resistance, it could start a fresh decline. An initial support on the downside is near the $268 and $265 levels. The first major support is near the $260 level. The next major support is near the $255 level. If there is a downside break below the $255 support, there could be an extended decline towards the $225 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 near the 50 level. Major Support Levels – $265, $260 and $255. Major Resistance Levels – $285, $290 and $320.
Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term. Ethereum was able to clear the $1,280 and $1,300 resistance levels. The price is now trading above $1,280 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls might be active near $1,280 and $1,270. Ethereum Price Breaks Hurdle Ethereum price remained well bid above the $1,240 support zone. ETH formed a base above the $1,250 level and the 100 hourly simple moving average. There was a strong increase above the $1,280 resistance after the US CPI release, similar to bitcoin. Besides, there was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH/USD. The pair even cleared the $1,300 resistance zone. Ether price traded as high as $1,349 before the bears appeared. Recently, there was a downside correction below the $1,320 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high. However, the bulls were active near the $1,300 support zone. It also stayed well above the 50% Fib retracement level of the recent wave from the $1,240 swing low to $1,349 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,325 level. The first major resistance is near the $1,345 and $1,350 levels. A close above the $1,350 resistance might start a fresh increase. The next major resistance could be $1,400. Any more gains might send the price towards the $1,500 resistance zone. Dips Limited in ETH? If ethereum fails to climb above the $1,350 resistance, it could start another downside correction. An initial support on the downside is near the $1,295 level. The next major support is near the $1,280 level and the 100 hourly simple moving average, below which the price could even retest the $1,260 support. Any more losses could lead the price towards the $1,245 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,280 Major Resistance Level – $1,350
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
Not your keys, not your crypto. I know, so I need some help. My phone got totalled recently in an unrecoverable way, so off I went to back up my wallets for the first time only to realise that for my Pera Algo wallet, the official one, I'd only written down 24 of the 25…
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The “PayPal Mafia” including co-founders Peter Thiel and Elon Musk have slammed the payments platform over its “totalitarian” debanking policies.
Lately this sub is filled with news of failing exchanges, obviously. The amount of people commenting acting as if it’s some personal victory amazes me. It’s especially common between binance and cdc. People from one side celebrating when there’s fud against the other. The ironic part is the same people are calling for crypto adoption.…
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