FTX reportedly shopping for brokerages in preparation for stock trading
Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions.
Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions.
I have heard a lot of people say that crypto like ether has value because of things like smart contracts and proof of stake. But why does that mean you should invest in it? Why can’t a company that wants to use these features just fork ether and do everything in house? Hope this question…
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Source: https://finance.yahoo.com/news/nigeria-launch-major-crypto-initiative-233000347.html The Nigerian government has signed a 3-year exclusive IPR (intellectual property right) agreement with Developing Africa Group to launch a nation-wide wallet which will enable the international commercialization of all IP forms being created and registered within the country, both locally and internationally. In this context, the IPR exclusivity agreement consists in the…
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Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched A number of crypto firms have joined forces and launched a new, […]
Ethereum failed to clear the $2,085 resistance and declined against the US Dollar. ETH must stay above $1,920 to start a fresh increase in the near term. Ethereum failed to clear the $2,085 and $2,100 resistance levels. The price is now trading below $2,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the main $1,920 support zone. Ethereum Price Trades Below $2K Ethereum attempted to clear the $2,085 and $2,100 resistance levels. However, ETH failed to gain strength and formed a short-term top near the $2,085 level. There was a bearish reaction below the $2,050 support level. Besides, there was a break below a key bullish trend line with support near $2,000 on the hourly chart of ETH/USD. There was a move below the 50% Fib retracement level of the upward move from the $1,920 swing low to $2,085 high. Ether price is now trading below $2,000 and the 100 hourly simple moving average. It even tested the 76.4% Fib retracement level of the upward move from the $1,920 swing low to $2,085 high. The price is now consolidating near the $1,980 level. The first major resistance is near the $2,000 level and the 100 hourly simple moving average. The main resistance is now forming near the $2,085 level. A close above the $2,085 level could open the doors for a decent increase. Source: ETHUSD on TradingView.com In the stated case, ether price might rise towards the $2,150 resistance. Any more gains may perhaps send it towards the key $2,200 resistance zone. More Losses in ETH? If ethereum fails to recover above the $2,000 resistance, it could continue to move down. An initial support on the downside is near the $1,960 zone. The next major support is near the $1,920 level. A close below the $1,920 level might restart downtrend. In the stated case, the price could dive towards the $1,900 level. The next major support might be near the $1,800 and $1,780 levels 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 below the 50 level. Major Support Level – $1,920 Major Resistance Level – $2,085
TLDR: Privacy-tokens account for 0.59% of the total crypto market cap. Privacy token communities are full of sh*t and in denial. There are real problems we face and privacy coins like Monero are 1-trick ponies that CANNOT solve these problems when we look at the BIG PICTURE. This post is to do with a broader…
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India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and […]
Legion Network, a ‘super app’ aiming to integrate the industry’s best services into one accessible blockchain ecosystem, has announced its official launch. The Legion Network app offers a variety of services ranging from crypto wallets, NFTs, play-to-earn, watch-to-earn, launchpads, rewards, and more. App Features: Legion Wallet – Legion Wallet is a non-custodial solution that allows…
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Bitcoin failed again to clear the $30,600 resistance zone against the US Dollar. BTC is declining, but the bulls might remain active near $28,500. Bitcoin failed to gain strength for a move above the $30,600 resistance zone. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down towards the main $28,700 support zone. Bitcoin Price Tops Again Bitcoin price attempted a fresh increase from the $28,500 support zone. There was a clear move above $30,000 resistance zone and the 100 hourly simple moving average. However, the bears were again active near the $30,600 resistance zone. A high was formed near $30,630 and the price started another decline. There was a sharp reaction below the $30,000 support zone and the 100 hourly simple moving average. Bitcoin traded below the 50% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. Besides, there was break below a major bullish trend line with support near $29,800 on the hourly chart of the BTC/USD pair. The price even spiked below the 76.4% Fib retracement level of the upward move from the $28,700 swing low to $30,630 high. It is now consolidating, with an immediate resistance near the $29,500 level. Source: BTCUSD on TradingView.com The next major resistance is near the $29,650 level and the 100 hourly SMA. The first key resistance is near the $30,000 level. A clear move above the $30,000 resistance level might send the price towards the main $30,600 resistance zone. More Losses in BTC? If bitcoin fails to clear the $29,650 resistance zone, it could continue to move down. An immediate support on the downside is near the $29,000 level. The first major support is near the $28,850 level. The main support sits near the $28,500 level. A clear move below the $28,500 support zone may perhaps start a major decline. In the stated case, the price could dive to $27,800. Technical indicators: Hourly MACD – The MACD is now slowly 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 – $28,850, followed by $28,500. Major Resistance Levels – $29,650, $30,000 and $30,600.