Tag: Support

Vietnam’s Oldest Bitcoin Exchange Adds Lightning Network Support

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Vietnamese Bitcoin exchange VBTC has integrated the Lightning Network. In an announcement on Sunday, Vietnam’s oldest (and reportedly only Bitcoin-exclusive) exchange revealed that Lightning Network withdrawals are now open to its users.  According to an article by BitcoinVN News, the media arm of BitcoinVN, a parent company which also owns VBTC, Lightning Network withdrawals are priced at 1,000 satoshis plus 0.2% of the withdrawn amount. Normal bitcoin withdrawals have a fee of 100,000 satoshis (0.001). The news comes a few days after the exchange adopted SegWit native batched transactions as…

GOOGL Shares Up 1% in Pre-market, Google Announces Support for COVID-19 Vaccine Distribution

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The shares of Google were also boosted by the corresponding redesign of the search engine to feature COVID-19 related data. The shares of American multinational technology company, Alphabet Inc (NASDAQ: GOOGL), the parent organization of Google LCC, are seeing a slight boost by percentage gain as the company unveils a series of initiatives to support the ongoing vaccine distribution efforts. Per a report by 9to5Google, the search engine giant has pledged as much as $150 million in ad funding to help push accurate information about the ongoing vaccine program across…

Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

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Bitcoin price is down over 15% and it broke many supports near $32,000 against the US Dollar. BTC even traded close to $28.5K and it is currently correcting losses. Bitcoin started a strong decline below the $33,000 and $32,000 support levels. The price is currently correcting losses, but it is now well below $32,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $32,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to…

Coinbase Bump Alert: US Exchange Announces Support for Crypto Asset on Custody Platform

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A new Ethereum-based token is receiving a big boost from Coinbase. The top US exchange just announced that it is now supporting deposits and withdrawals of Rally (RLY). Coinbase is an investor in Rally, which is an incentivization platform designed to allow people to easily create their own branded cryptocurrency on the Ethereum blockchain. The network is designed to connect content creators and fans, who can buy, donate and hold their favorite creator’s coin. The Rally network uses its RLY governance token to compensate users, influencers, and local ambassadors, settle…

Bitcoin price searches for support near $35K, DeFi tokens move higher

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Bitcoin price is finding soft support at $35,000 after dropping 7.4% in the later hours of Jan. 19. According to Cointelegraph contributor Joseph Young, the correction was primarily the result of an overheated derivatives market and uncertainty over whether BTC can recapture the $40,000 level. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell as low as $33,400 before recovering to the $35,000 level.  Not all is lost for the top cryptocurrency though, as news BlackRock, a multi-trillion-dollar asset manager, had submitted filings to the…

Brave private browser integrates IPFS support to desktop version

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Brave Browser, a popular blockchain-enabled web browser, has integrated native support of InterPlanetary File System, or IPFS, to strengthen the access to the decentralized web. According to a Jan. 19 announcement, Brave has integrated IPFS into its desktop web browser for Windows, macOS and Linux, enabling users to install the protocol in a couple of clicks. IPFS is a peer-to-peer hypermedia protocol designed to make the web faster, safer, and more open. The protocol aims to supplement or possibly even replace the Hypertext Transfer Protocol, or HTTP, which is a…

Chainlink (LINK) Holding Uptrend Support, Why It Could Rally Again

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Chainlink (LINK) rallied towards the $24.00 level before correcting lower, similar to bitcoin and Ethereum. The price is now trading near a major support zone at $20.00. Chainlink token price traded as high as $23.79 before starting a downside correction against the US dollar. The price is trading above the $20.00 support and it is well above the 100 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $21.70 on the 4-hours chart of the LINK/USD pair (data source from Kraken). The price could…

Ethereum is About to Flip a Key Resistance Level into Support; New Highs Imminent?

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Ethereum has seen some mixed price action as of late, with the cryptocurrency mainly taking its cues from Bitcoin This has caused it to struggle to gain any serious momentum, with its price being stuck within the mid-$1,200 region throughout the past few days The selling pressure at $1,300 has catalyzed a strong rejection in the past, confirming this level as resistance Where it trends next will undoubtedly depend largely on ETH and whether or not the entire market can gain any momentum in the near-term One analyst is noting…