Day: October 18, 2022

Crypto Market में Bull Run कब आएगा

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France’s 3rd Largest Bank Societe Generale’s Subsidiary Obtains Registration as Digital Asset Service Provider – Regulation Bitcoin News

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Societe Generale-Forge, a subsidiary of France’s third-largest bank, has obtained registration with the Autorité des marchés financiers (AMF), the French financial markets regulator, as a digital asset service provider. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The digital asset subsidiary of Societe General Group, Societe Generale-Forge, is now registered with France’s financial regulator, the Autorité des marchés financiers (AMF). Societe Generale is France’s third-largest bank by total assets. According to the AMF’s list of registered Digital Asset Service Providers (DASPs), Societe Generale-Forge obtained registration on Sept. 27. The…

Bitcoin Leads The Hunt For A Green October In Crypto

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Bitcoin might be returning to the bottom of its current range; trapped for months, BTC might be unable to push higher. Driven by macroeconomic forces and uncertainty, the sideways price action has decreased volatility across global financial assets.  At the time of writing, Bitcoin (BTC) trades at $19,400 with sideways movement across all timeframes. Earlier today, the cryptocurrency hinted at more gains, but bulls have been unable to sustain momentum, surrendering BTC’s profits from last week. BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview Bitcoin Goes Quiet,…

NFT project Azuki launches Physical Backed Token

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Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain.   Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token…

Bitcoin Price Action Falls Flat

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In this episode of NewsBTC’s daily technical analysis videos, we are once again examining a possible expanded flat correction in Bitcoin. Once the correction has completed, the bull market could resume. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 18, 2022 In addition to the video highlights listed below the video, we also analyze BTCUSD using the Ichimoku, Bollinger Bands, SuperTrend, TD Sequential, and other technical tools. Three Strikes: BTCUSD Rejected From 50-Day Moving Average BTCUSD daily price action was once again rejected from the 50-day…

Ethereum launches testnet for Shanghai upgrade: Here’s what is next

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Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live.  Developers can now begin working on the implementations; a process expected to continue until September 2023.  This is the first major update since Ethereum’s consensus switched to Proof-of-Stake (PoS) in September after the Mainnet and Beacon Chains merged. Moreover, the coming upgrade introduces an elemental change to Ethereum Virtual Machine (EVM), the technology that powers the network…

Here’s why Bitcoin price could tap $21K before Friday’s $510M BTC options expiry

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Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingView Investors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bulls to keep the momentum during this week’s $510 million options expiry. The Oct. 21…

Tezos (XTZ) Breaks Out Of A Falling Wedge As Price Could Hit $2 Mark

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XTZ’s price shows a spark of strength as price breaks out from a descending triangle as price eyes $2 with good volume.  XTZ continues in a range-bound downtrend movement as the price aims to breakout.  The price of XTZ continues to trade below the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Tezos (XTZ) has remained strong. Tezos (XTZ) has held firm ahead of a breakout from its long downtrend,…