Tag: Support

Top US Crypto Exchange Coinbase Adds Trading Support for New Under-the-Radar Layer-1 Project

boss

Customers at Coinbase can now trade the native token of a nascent layer-1 project called Vara Network (VARA). The top US crypto exchange rolled out support this week for VARA, the native asset of Vara Network, which just celebrated its mainnet launch on Wednesday. The project is an independent decentralized layer-1 network that aims to enable “the best playground” for next-gen gaming and financial-based applications. It’s built on the Gear Protocol, a Substrate-based smart-contract platform. Says the Vara website, “Building on Vara Network is ideal for both developers already in…

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

boss

Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months.  DOT Is Down Over 90% The dip follows the crypto winter in 2022. However, the upcoming upgrade might catalyze demand, even supporting DOT, the native currency. DOT is changing hands at $4 at spot rates, down by over 90% when…

Ethereum Price Grinds Lower But Key Support Is Still Intact

Ethereum price corrected lower from the $1,670 resistance against the US Dollar. ETH could take a major hit if it breaks the $1,600 support. Ethereum started a bearish wave from the $1,660 resistance. The price is trading below $1,640 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $1,600 support zone to start another increase in the short term. Ethereum Price Slides Further Ethereum’s price…

Bitcoin price tests $27K support as Fed holds interest rates at FOMC

boss

Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs. BTC price digests Fed rate pause Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell. The Federal Open Market Committee (FOMC) opted to keep rates at their previous levels set in July this year. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run,”…

Paysafe ending support for Binance’s EU customers, some face early restrictions

Amid a backdrop of increasing regulatory scrutiny, Binance’s European payments provider, Paysafe, has started restricting euro withdrawals for some users ahead of its planned cessation of support on Sept. 25. This move that has left many European customers of Binance puzzled and frustrated, with some users finding themselves unable to access their accounts well before the specified end date. Ervin Ursic Kovac, a Binance customer, told CryptoX that he had “sent some ether (ETH) to his account on Sept. 12 and sold it for euros, but was unable to withdraw…

Deutsche Bank to secure crypto for institutions, TRX and DOMI may find support

Deutsche Bank will provide secure storage solutions for institutional investors to address crypto investment concerns. This development could impact established and emerging projects like Tron (TRX) and Domini.art (DOMI). Domini.art is a platform that uses blockchain technology and traditional art practices to offer services in the decentralized finance (defi) industry. It has been gaining attention in the crypto market for its combination of art and finance.  Domini.art’s presale is also in progress. Domini.art decentralizes art Domini.art allows investors to invest in blue-chip artwork through fractional ownership.  To make this possible,…

Magic Eden adds support for Solana-powered compressed NFTs 

The Magic Eden non-fungible token (NFT) marketplace has expanded its support for compressed NFTs (cNFTs) — a new system of NFT creation powered by Solana. This strategic decision offers creators a cost-efficient solution for their digital collectible minting, the company explained. Magic Eden, which recently welcomed BRC-20 tokens to its multi-chain platform, announced its support for cNFTs on X, formerly known as Twitter. At a time when the longstanding crypto winter is crippling NFT trading volume, Magic Eden says the latest feature will bring about a notable transformation in non-fungible…

Coinbase CEO Brian Armstrong Says Crypto Exchange Will Now Support Bitcoin Lightning Network

boss

Coinbase CEO Brian Armstrong says the largest US-based crypto exchange is adding support for Lightning Network, a layer-2 scaling solution for Bitcoin (BTC) that aims to address scalability issues. In a statement, Armstrong says Coinbase is working to add Lightning given the significance and importance of Bitcoin in the digital asset space. “We’ve made the decision to integrate Lightning. Bitcoin is the most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions. Will take some time to integrate so please be patient.” Coinbase…

Will The $0.06 Support Level Hold?

boss

Dogecoin (DOGE) has had its share of ups and downs. Recently, as the altcoin market experienced a significant selloff, DOGE found itself caught in the turmoil, succumbing to substantial outflows earlier in the week.  This downturn had a critical consequence, as it sent the coin’s price plummeting below a crucial support trendline that had been instrumental in propping up DOGE for over three weeks.  As the market sentiment shifted, this breakdown raised concerns about the future trajectory of Dogecoin, hinting at a possible continuation of the downtrend and further price…