Day: September 24, 2021

Ethereum Steers into Support, Time For A Return to ATHs?

Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling pressure. This sent Bitcoin and Ethereum back to their critical support zones. At the time of writing, ETH trades at $2,842 with an 8.2% and 20.4% loss in the daily and weekly charts, respectively. ETH moving into support in the daily chart due to China FUD. Source: ETHUSD Tradingview Ethereum technical indicators…

Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from Cointelegraph Markets Pro and TradingView showed new multi-day lows of $40,690 for BTC/USD on Bitstamp, down 8% on the day. Hodlers had been frustrated but remained unfazed by the news that China had allegedly upped its cryptocurrency “ban,” this in fact simply being a reiteration of the People’s Bank of China’s existing…

Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions as “illegal.” “Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies,” the People’s Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also “illegal financial activities.” Bids for the ETH/USD pair dropped by up to 13.30% to $2,735 in response. At its week-to-date (WTD) high,…

Ukraine joins the comity of crypto-friendly nations with new regulation

The legal status of cryptocurrencies remains a mixed bag of regulatory positions, depending on the jurisdiction being considered. While some countries move toward blanket prohibitions or stringent regulations, others elect to go with a more open approach to crypto. For Ukraine, the latter path appears to be the case, with the government encouraging legalized crypto operations within the country. Ukraine’s seemingly positive stance on cryptocurrencies also stands in stark contrast with neighboring Russia where officials are enacting regulatory roadblocks against the ownership and use of digital currencies. While Ukraine enacts…

Smart Marketing Token (SMT) Is on a Mission to Help Blockchain Projects Reach Their Goals – Sponsored Bitcoin News

sponsored Blockchain developers can find it very daunting to attract an audience these days, when so many new ventures are hitting the market at an ever increasing pace. This is why Smart Marketing Token stepped up to help projects with promotion, so they can reach all their goals and spread the word about blockchain technology around the globe. SMT Is Building on the Success of Student Coin Smart Marketing Token is a tokenized marketing agency that will be responsible for promoting tokens created on the Student Coin Terminal. SMT will…

Crypto Industry Could Add $184B of Economic Value to India by 2030: NASSCOM

The crypto industry in India has the potential to add $184 billion of economic value, in the form of investments and cost savings, by 2030, according to a report from the country’s premier trade body for the tech industry. The report, entitled “Crypto Industry in India,” was published by the National Association of Software and Services Companies (NASSCOM) in conjunction with Binance-owned crypto exchange WazirX. The “CryptoTech” industry – companies involved in trading, payments, remittances, retail and more – is expected to reach a size of $241 million in India…

The Coinbase IPO Will Make HISTORY!! Here is Why…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase is one of the craziest stocks I have ever seen in the stock market!! In a good way of course 😉 In this video, I go through Coinbase’s financial’s and determine potential profits and valuations for its direct listing next week. If you are new here, welcome!! Make sure to subscribe to join the community and hit that like button as it really helps the channel out. If you have any ticker symbols or questions make sure to let me know…

Egor Petukhovsky, CEO of US-Sanctioned Suex, Says He Will Go to Court — CoinDesk

“We use our data to research high-level money laundering trends, and years ago identified Suex addresses as part of a relatively small group of a few hundred addresses that receive an outsize quantity of illicit funds,” spokesperson Maddie Kennedy told CoinDesk via email, adding that it’s possible not all addresses of Suex have been identified yet, and Chainalysis will keep tracking the firm’s activity. Source

Fintech Firm Centbee Graduates From South African Regulatory Sandbox – Fintech Bitcoin News

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims its Minit Money application has demonstrated an ability to “enable foreigners living in South Africa to send money home across Africa to bank accounts or mobile money wallets at a competitively low cost.” Meanwhile, in…

Bitcoin Startup Moon Raises $2.1M to Enter New Markets

Bitcoin startup Moon has raised $2.1 million to expand its partnerships and offer more types of e-commerce crypto payments. Shared exclusively with CoinDesk, Moon CEO Ken Kruger said the company is using the proceeds to expand into a web and mobile application, making it possible to fund Moon cards with accounts from other exchanges (currently Moon only uses Coinbase), expand its geographic reach, make it possible for users to pay with stablecoins in addition to bitcoin and expand its team of seven to a team of 10 or 12 in…