Category: Cryptocurrency News

A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself In an opinion published by Itweb, Dagada warned South African authorities that the continued efforts to stifle cryptocurrencies will […]

Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China.

Just curious. Besides lower gas fees what can we expect? submitted by /u/Hassanpyoo [link] [comments]

submitted by /u/Mother_Suspect9903 [link] [comments]

Bitcoin price stayed above the key $40,750 support zone against the US Dollar. BTC is rising and it could soon rally above the $45,000 resistance. Bitcoin started a recovery wave above the $42,800 and $43,000 resistance levels. The price is now trading above $43,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher once it clears the key $45,000 resistance zone. Bitcoin Price Starts Fresh Increase Bitcoin price struggled below the $43,000 level for a few sessions. BTC declined below $41,000, but the bulls protected the $40,750 zone. There were two attempts to clear $40,750, but the bears failed. As a result, the price started a fresh increase and it seems like it has formed a double bottom pattern near the $40,750 level. It is rising and it has cleared the $42,000 and $42,800 resistance levels. There was also a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair. Bitcoin cleared the 50% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. It is now trading above $43,000 and the 100 hourly simple moving average. Besides, it is consolidating near the 76.4% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. On the upside, an immediate resistance is near the $44,800 level. The first major resistance is near the $45,000 level. Source: BTCUSD on TradingView.com A close above the $44,800 and $45,000 levels could start a steady increase. The next major resistance is near the $45,500 zone, above which the price could rise towards the $46,200 resistance. Dips Limited In BTC? If bitcoin fails to clear the $45,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,600 level. The first major support is near the $43,200 zone and the 100 hourly simple moving average. Any more losses could lead the price towards the $42,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $44,600, followed by $43,200. Major Resistance Levels – $44,800, $45,000 and $45,500.

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

As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect […]

Hi! My name is Tayomi and I'm here looking for dedicated and real people (I don't like reddit bots doing scams) to start a new crypto project with a financial purpose assuring smart contracts. I need people who understand this world and know how to program/handle cryptocurrencies and blockchain. You can be from anywhere in…
Read more

submitted by /u/J66kson66 [link] [comments]