Category: Cryptocurrency News

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

Senator Elizabeth Warren announces the expansion of her coalition to crack down on “crypto’s use in money laundering, drug trafficking, sanctions evasion.”

Is it all wETH, but how? Isn't the bridge just a contract giving you custom token for eth on mainnet? Also, is it inter-changeable for EVMnets like polygon or only for roll-ups? submitted by /u/East-Reporter-1471 [link] [comments]

Anthony Scaramucci’s SkyBridge Capital is among the asset management firms leading the bids for Silicon Valley Bank’s venture capital arm, with a sale expected in the coming weeks.

Scroll co-founder Ye Zhang is aiming for a community-driven decentralized immutable scaling solution for Ethereum.

BNB price (Binance coin) stayed above the main $202 support against the US Dollar. The price is recovering and might rally if there is a move above $220. Binance coin price is slowly moving higher above the $212 level against the US Dollar. The price is now trading above $214 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a close above $220. Binance Coin Price Starts Recovery After a major decline, BNB price managed to stay above the key support at $202. The price traded as low as $204 and recently started a decent increase, like Bitcoin and Ethereum. There was a move above the $208 and $210 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $234 swing high to the $204 low. Besides, there was a break above a major bearish trend line with resistance near $213 on the 4-hour chart of the BNB/USD pair. BNB price is now trading above $214 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $219.50 and $220 levels. Source: BNBUSD on TradingView.com The 50% Fib retracement level of the main decline from the $234 swing high to the $204 low is also near $220 to act as a hurdle. A clear move above the $220 zone could send the price further higher. The next major resistance is near $228, above which the price might rise toward $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance. Another Drop in BNB? If BNB fails to clear the $220 resistance, it could start another decline. Initial support on the downside is near the $214 level and the 100 simple moving average (4 hours). The next major support is near the $210 level. If there is a downside break below the $210 support, the price could drop toward the $204 support. Any more losses could send the price toward the $202 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 above the 50 level. Major Support Levels – $214, $210, and $202. Major Resistance Levels – $220, $228, and $235.

Ethereum price faced resistance near $1,650 against the US Dollar. ETH corrected gains but the $1,620 support might spark another upward movement. Ethereum is eyeing a key upside break above the $1,650 resistance. The price is trading above $1,625 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $1,650 and $1,670. Ethereum Price Aims Higher Ethereum’s price was able to climb further above the $1,620 resistance. However, ETH struggled to gain strength for a move above the $1,650 resistance, like Bitcoin. There was a downside correction below the $1,630 level. The price even spiked below $1,620 but the downsides were limited. A low was formed near $1,613 and the price is now moving higher. There was a break above the $1,620 level and the 23.6% Fib retracement level of the recent decline from the $1,652 swing high to the $1,613 low. Besides, there was a break above a connecting bearish trend line with resistance near $1,625 on the hourly chart of ETH/USD. Ether is now trading above $1,625 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1,635 level or the 76.4% Fib retracement level of the recent decline from the $1,652 swing high to the $1,613 low at $1,642. The next resistance is near the $1,650 level. A close above the $1,650 resistance might send the price toward the $1,670 resistance. Source: ETHUSD on TradingView.com If there is a close above $1,670, the price might start a strong increase. The next major hurdle is near the $1,750 level. A close above the $1,750 level might send Ethereum further higher toward $1,880. Another Drop in ETH? If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,620 level. The first key support is close to $1,610. The next key support is $1,585. A downside break below $1,585 might start another bearish wave. In the stated case, the price could even decline toward the $1,520 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,610 Major Resistance Level – $1,650

TLDR: During bear market, rebalancing the portfolio of 2 coins can give you a free return of 6% to 9% on average during the bear run. In some case, the extra return can reach 100%. You are facing very little downside. VET / THETA pair, where rebalancing (red) brings an extra 80% return with reduced…
Read more