Category: Cryptocurrency News

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The victory President-Elect Luis Inacio Lula Da Silva obtained on Oct. 30 over the incumbent Jair Bolsonaro in Brazil might open the gates for the proposal of a single currency for the countries of Latam. Lula announced this as part of his campaign, preaching the utility of a common currency as a way of fighting […]

Proposal for a Regulation of the European Parliament and of the Council on Markets in Crypto-assets, and amending Directive (EU) 2019/1937 (MiCA) – Letter to the Chair of the European Parliament Committee on Economic and Monetary Affairs Article 80: Prohibition of market manipulation (page 238 – 240) The following behaviour shall, inter alia, be considered…
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Staking is a dynamic, self balancing system, the more people stake, the smaller the yield per person. Ethereum exist in a global competitive landscape, where anybody with capital tries to find a place with minimum risk and maximum reward. Pre merge, the market agreed the risk/reward ratio for staking was around 5%. Yields ended up…
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submitted by /u/vadhavaniyafaijan [link] [comments]

As a development bank for El Salvador, BANDESAL created a $150 million trust fund to guarantee the convertibility to dollars for citizens and merchants.

Ethereum remained well bid above the $1,550 zone against the US Dollar. ETH could start a fresh increase if it clears the $1,625 resistance zone. Ethereum is stable and is showing positive signs above the $1,550 support zone. The price is now trading above $1,560 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,620 and $1,625 levels. Ethereum Price Eyes Fresh Increase Ethereum started a downside correction after it formed a short-term top near the $1,665 level. ETH declined below the $1,620 and $1,600 levels. There was a move below the 50% Fib retracement level of the key wave from the $1,485 swing low to $1,665 high. Ether price even spiked below the $1,580 level and the 100 hourly simple moving average. However, the bulls were active near the $1,550 support zone. It found bids near the 61.8% Fib retracement level of the key wave from the $1,485 swing low to $1,665 high. The price is now trading above $1,560 and the 100 hourly simple moving average. There is also a major contracting triangle forming with resistance near $1,620 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,620 level and the triangle trend line zone. The first major resistance is near the $1,640 and $1,650 levels, above which the price could gain bullish momentum. Source: ETHUSD on TradingView.com In the stated case, the price could even test the $1,700 level. Any more gains might send the price toward the $1,800 resistance zone. Dips Limited in ETH? If ethereum fails to climb above the $1,625 resistance, it could continue to move down. An initial support on the downside is near the $1,575 level and the 100 hourly simple moving average. The first major support is near the $1,550 level and the triangle lower trend line. A downside break below the $1,550 zone might increase selling pressure. In the stated case, ether price may perhaps decline towards the $1,500 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,550 Major Resistance Level – $1,625

The Ethereum blockchain co-founder, Vitalik Buterin, insisted in a recent tweet that crypto is a better bet than gold, which is not only inconvenient, but difficult to use as well. While Buterin asserts that such characteristics make gold less appealing, some crypto opponents argued that gold is better, because unlike the Ethereum blockchain, it is […]

A series of leaks have now emerged regarding the next series of Reddit avatars. Whether these are a free airdrop or part of a paid series has yet to become clear, but they appear to be very close to release. All 20 teams in the world cup have individual national releases, designed by an artist…
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Chainlink price movement this weekend was interesting as the market saw it rise unexpectedly. The crypto recorded increasing whale and shark activities leading to a spike. The oracle service provider witnessed token additions worth over $313 million on whale and shark LINK addresses. The price movement of many cryptos has been uncertain, given the volatility in the market. While many have recorded a steady climb, others have continued downward with little rallies. Related Reading: Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive Before this new record, LINK price wasn’t doing well. But this past weekend saw the token shooting to $8. Currently, LINK is trading at $7.8, with a market capitalization of $3.8 billion over the last 24 hours. LINK And Other Altcoins Witness Strong Rally As October Draws The Curtain According to data from Santiment, the whale transactions on Chainlink reached a 4-month high over the weekend. The whale activities caused a spike in market activities, teasing the $8 level a few times. The whale activities remained strong all through October. Saturday recorded 33 LINK transactions worth over $1 million, the highest whale activity since June 27. Since September, Chainlink has been the target of investors and crypto traders. The $8 is a strong resistance level for Chainlink (LINK). A break in the price above the $8 level could have LINK moving upwards. Chainlink has been consolidating strongly within the $6-$8 range for some time now. Aside from Chainlink, other altcoins witnessed a strong price rally last week. Memecoin, Dogecoin (DOGE), and Shibu Inu (SHIB) prices increased significantly, with DOGE trading at over 100% gains on the weekly chart. However, DOGE has entered a correction level and is now trading at $0.14 with an 8.68% price decline. It currently has a market cap of $13.8 billion. Ethereum also recorded a strong price rally and has increased by nearly 20% on the weekly chart. ETH has exhibited dominance over BTC price-wise throughout October. Following reports from Santiment, Ethereum’s price dominance over Bitcoin and other crypto continue even as October ends. It came after an increase in new ETH addresses was created. Chainlink To Face New Competition As Binance Launches Its Oracle Network Meanwhile, Chainlink recently got a new competitor. Binance, the world’s leading crypto exchange, launched a decentralized Web3 Oracle. According to Binance, the oracle is a data feed network connecting real-world data to blockchain-based smart contracts. This development is the first notable competition for oracle service providers such as Chainlink. Chainlink has grown into a strong data feed network, bridging blockchain-based systems and real-world online infrastructure. Binance will use its Oracle services on the BNB chain before extending to other services. It will provide up to 1,400 decentralized applications and enable Web3 partners to tap into existing data sources. Related Reading: Why Bitcoin Will Crush Opposition At $21,000, Green November In The Making Binance wants to achieve more reliability with its Oracle network by sourcing price data from centralized exchanges. It will aggregate the prices using an intelligent algorithm. If successful, the Oracle network will compete with similar service providers like Chainlink. featured Image From Pixabay, Charts From Tradingview