“At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastics in a setback,” Katie Stockton, Fairlead Strategies’ founder and managing partner, said in a note to clients on Monday. “The downturn suggests the basing process may be drawn out, especially given the overhang of the monthly cloud model, which enhances resistance (~$31.9K) from the weekly cloud model.” Source
The FSB, a global standard setter, and the global economic agency IMF are presenting the paper at this weekend’s G20 Summit. The paper includes a roadmap on the implementation of policy frameworks for crypto including global coordination, cooperation and information sharing. Source
The crypto market is always in flux, with new narratives and trends emerging each week. Renowned crypto analyst Miles Deutscher recently took to Twitter to share his insights on the altcoin space, shedding light on the tokens that are catching his attention. Crypto Watchlist For This Week Starting with UNIBOT, Deutscher highlighted its recent performance, noting that it’s down significantly (-60%) from its highs. He attributed this decline to a combination of fear, uncertainty, and doubt (FUD) and a decrease in key metrics. However, he remains optimistic, suggesting that the…
The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin. At current, the majority of the 5,901 active Ethereum nodes are being run through centralized web providers like Amazon Web Services (AWS), which many experts claim leaves the Ethereum blockchain exposed to a centralized point of failure. Distribution of Ethereum nodes from web service providers. Source: Ethernodes Speaking at Korea Blockchain Week, Buterin outlined six key problems…
Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams. The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia. Swyftx’s head of corporate affairs, Tom Matthews, said the aim is to better equip the public with knowledge until such a time the industry is fully regulated. It would also serve to help people better understand the crypto market and reduce their susceptibility…
Chronicle will feature a dashboard that users can access to track the origin of any required data – which developers say will ensure on-chain data transparency. It will run on data supplied by over 22 node operators, such as Infura, Etherscan, Gnosis, Gitcoin, Argent, MakerDAO and dYdX. Source
BNB price (Binance coin) failed to settle above $225 and trimmed gains against the US Dollar. The price could decline heavily if it trades below $210. Binance coin price tested the $235 resistance before the bears appeared against the US Dollar. The price is now trading below $220 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $220 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain continue to move down…
Ethereum price is struggling to recover above $1,650 against the US Dollar. ETH is showing bearish signs and might dive below the $1,600 support. Ethereum failed to gain strength for a move above the $1,650 zone. The price is trading below $1,640 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,630 and $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if the bears push it below the $1,600 support. Ethereum Price Remains At Risk…
Bitcoin price is struggling to recover above $26,200. BTC is again moving lower and there could be a sharp decline below $25,500 in the near term. Bitcoin failed to recover above the $26,200 and $26,500 levels. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance near $25,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower below the $25,500 and $25,400 levels in the near term. Bitcoin Price…
While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue. Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the market, offering buyers a fully assembled device or a do-it-yourself-kit to mine Bitcoin (BTC) solo. Speaking to Cointelegraph, developers behind these kits admit that buyers won’t likely see much profit but argue that it’s important to fight the “secrecy and exclusivity” of the Bitcoin mining industry. One company,…