Day: October 11, 2021

Shiba Inu rebounds 40% despite major selling by SHIB whales

Shiba Inu (SHIB) kickstarted its new weekly session in the green as it continued its bullish retracement move from the last week’s low of $0.00002058. The SHIB price logged an intraday high of $0.00002907 on Oct. 11, netting over 40% returns from its ongoing rebound trend. In doing so, the Dogecoin-inspired meme cryptocurrency eyed an extended runup toward its technical resistance level near $0.00002978, as shown in the chart below. SHIB/USDT 4H price chart. Source: TradingView.com Extended rally ahead? The Shiba Inu chart also showed traders’ intention to accumulate SHIB…

Bitcoin Approaching Resistance Near $58K; Support at $50K

Bitcoin (BTC) continues to rise near $56,000, although the rally appears to be exhausted given overbought signals on the charts. The cryptocurrency is up about 14% over the past week and faces resistance between $58,000 and $60,000. The relative strength index (RSI) on the four-hour chart is declining from an overbought extreme last week. A negative divergence between the RSI and price typically leads to a brief pullback similar to mid-Sept. The RSI on the daily chart is approaching overbought levels, suggesting buyers could exit positions near upper resistance levels.…

How to Make a Clean Architecture Cryptocurrency App (MVVM, Use Cases, Compose) – Android Studio

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video you will learn everything about building a clean architecture app from scratch in Android using Jetpack Compose. ⭐ Get certificates for your future job ⭐ Save countless hours of time ⭐ 100% money back guarantee for 30 days ⭐ Become a professional Android developer now: Subscribe to my Android/Kotlin newsletter for regular free tips right in your inbox: Join this channel to get access to perks: Get the initial code for this video here: Get the code for the…

Bitcoin Miner Bitfury Plans to Go Public With Value in ‘Billions of Pounds:’ Report — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English ​ Source

Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English ​ Source

Salvadoran President Nayib Bukele Announces Construction of Vet Hospital With Bitcoin Trust Funds – Bitcoin News

Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in the last few days. Nayib Bukele Proposes Construction of Vet Hospital Nayib Bukele, president of El Salvador, announced yesterday the construction of a veterinary clinic with funds coming from the country’s recently created…

Ethereum Breaking This Resistance Could Spark a Significant Surge

Ethereum corrected lower below $3,500 against the US Dollar. ETH price remained supported and it is now eyeing a key upside break above the $3,650 resistance. Ethereum started a fresh increase above the $3,500 resistance level. The price is now trading above $3,550 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once there is a clear break above $3,640 and $3,650.…

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South Korean opposition set to tackle controversial crypto tax law

Lawmakers belonging to South Korea’s opposition People Power Party have prepared a fresh challenge to the planned crypto tax law. According to The Korea Herald, opposition lawmakers are advocating for a one-year extension to the start of crypto taxation in the country. As previously reported by Cointelegraph, South Korea’s crypto tax regime that will see the imposition of a 20% levy on cryptocurrency gains above 2.5 million Korean won ($2,100) will come into effect in 2022. Apart from the one-year delay, the lawmakers are also pushing for a tiered tax…

Bitcoin Makes a Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts

Bitcoin jumped to a fresh five-month high early Monday, extending the two-week price rally even though Friday’s weak U.S. jobs report failed to dampen expectations for Federal Reserve (Fed) tapering in November. The market also turned a blind eye toward the data showing supposedly bearish positioning by leveraged funds in the futures market. The cryptocurrency rose to $57,000 during the early European hours, hitting the highest since mid-May, according to CoinDesk 20 data. Prices rose 13% in the week ended Oct. 10, registering its second straight double-digit weekly gain. Bitcoin’s…