Category: Cryptocurrency News

Ethereum extended losses and tested the $1,550 zone against the US Dollar. ETH could gain pace if there is a clear move above the $1,650 resistance. Ethereum started a downside correction and traded below the $1,650 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a clear break below the $1,550 support. Ethereum Price Extends Losses Ethereum remained in a bearish zone below the $1,700 level. ETH even settled below the $1,650 support zone to move into a short-term bearish zone. There was a clear move below the $1,600 support level. Finally, ether price tested the $1,550 level. It remained stable above the 50% Fib retracement level of the key wave from the $1,355 swing low to $1,785 high. The price is now trading below $1,650 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,650 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com The first major resistance is near the trend line and $1,670. A clear move above the $1,670 level could even pump the price to $1,700. If the bulls remain in action, the price may perhaps rise towards the $1,750 resistance zone or even $1,780. More Losses in ETH? If ethereum fails to rise above the $1,670 resistance, it could continue to move down. An initial support on the downside is near the $1,570 zone. The next major support is near $1,550, below which there is a risk of a sharp decline. In the stated case, ether price may perhaps decline towards the $1,520 support in the near term. It is near the 61.8% Fib retracement level of the key wave from the $1,355 swing low to $1,785 high. Any more losses might call for a test of the $1,450 level. 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 near the 50 level. Major Support Level – $1,570 Major Resistance Level – $1,670

The crypto contagion only hurt entities that poorly managed their treasuries, but didn’t affect the underlying blockchain technology, he said.

submitted by /u/milonuttigrain [link] [comments]

I have a very general understanding of L2 solutions but is there some sort of book/academic textbook that can really explain what's happening underneath the hood? I assume it may be some sort of book on cryptography? submitted by /u/chillblaze [link] [comments]

Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the […]

submitted by /u/jimip6c12 [link] [comments]

Amp was recently delisted from binance.US over the SEC calling it a security after several Coinbase employees were accused of insider trading. I’m seeing some people over on the Amp subreddit say that they’ve recently gotten a CDC email stating that they are also going to delist Amp in the near future. source. Is this…
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First, grab yourself a cheap Samsung/Apple tablet from best buy or wherevewr (must be a big box store where you can buy it in person), use a new google chrome or new apple id account for it and only do crypto stuff on it (no other apps just the bare minimum, FYT kiwi browser app…
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Good Evening everyone! With the recent hacks, I just want to see if I understand how bridges work. Let’s say I have 5ETH on mainnet. I want to bridge that 5ETH from mainnet to optimism or arbitrium. So I use a service like across and move my 5ETH over to optimism. Now this is where…
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CryptoAPIs, a blockchain development platform, today announced support for TRON in the Crypto APIs blockchain infrastructure product suite. Users can now interact with the TRON mainnet and Nile networks and make requests using CryptoAPIs unified endpoints with an average response time of 25ms. Now Supported: Tron Launching its mainnet in May 2018, TRON is a…
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