Tag: Support

OpenSea Will No Longer Support NFTs Minted On This Blockchain

In November last year, NFT marketplace Opensea announced that the Binance Smart Chain Chain (BSC) was one of the several blockchains it was adding support for. However, that collaboration seems to be ending less than a year after. OpenSea To End Support For BSC NFTs In an announcement on the X (formerly Twitter) platform on August 17, the NFT marketplace stated that users would no longer be able to list or buy NFTs minted on the BSC chain. However, users “will still be able to view, discover, and transfer BSC…

Elon Musk Shows Public Support For Pro-Crypto Presidential Candidate

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X (formerly Twitter) owner Elon Musk is known to have an underlying interest in politics and cryptocurrencies. And this time around, the world’s richest man has showered praises on a pro-crypto candidate.  Elon Musk Compliments Pro-Crypto Ramaswamy Elon Musk revealed his admiration for Republican Presidential Candidate Vivek Ramaswamy in response to a clip of Ramaswamy’s appearance on Tucker Carlson’s online show posted on the X platform. In the tweet, Musk labeled him “a very promising candidate.” This isn’t the first time the world’s richest man has shown public support for…

Tether discontinues USDT support on Bitcoin, Kusama, and Bitcoin Cash

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has announced modifications to its USDT issuance strategy, discontinuing support on the Bitcoin, Kusama, and Bitcoin Cash while indicating potential future collaborations. Tether, the issuer of the stablecoin USDT, has announced significant changes to its support on various blockchains. After an extensive evaluation focusing on security, customer service, regulatory compliance, and overall oversight, Tether halted support for USDT on the Bitcoin(BTC), Kusama(KSM), and Bitcoin Cash(BCH) platforms. The company cited insufficient traction as the primary reason,…

Bitcoin Plunges To $28,500, Will This Historical Support Hold Again?

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Bitcoin has plunged toward the $28,500 mark during the past day, which happens to be quite near a historically significant support line. Bitcoin Is Now Near The Short-Term Holder Realized Price As pointed out by an analyst in a CryptoQuant post, BTC’s latest drawdown has brought it near the realized price of the short-term holders. The “realized price” here refers to a metric that’s derived from the “realized cap” model of Bitcoin. The realized cap calculates the total valuation of the asset by assuming that the actual value of any…

Bitcoin support levels to watch as BTC price aims at $28K

Bitcoin (BTC) is struggling to avoid further losses this week as an extended sideways trading period risks ending in a breakdown. BTC price action, long constricted by resistance above $30,000, is looking increasingly unstable, data from Cryptox Markets Pro and TradingView shows. The latest Federal Reserve minutes served to sharpen Bitcoin bears’ game on their release on Aug. 16, with buyside interest declining to send BTC/USD to near two-month lows of $28,300. Given the narrow trading range in place since June, the drop was significant, even if totaling less than $1,000…

ADA Price Plunges 5%, Can Buyers Save The Key $0.275 Support?

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Cardano’s price started a fresh decline from well above $0.30. ADA is testing $0.275 and remains at risk of more downsides in the near term. ADA price is gaining bearish momentum below the $0.30 level against the US dollar. The price is trading above $0.288 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.288 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could start a recovery wave if there is a close above…

BTC price can reach $34K as Bitcoin faces support ‘kiss’ — QCP Capital

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Bitcoin may be weeks from a “sharp rally” toward $34,000, trading platform QCP Capital believes. In its latest market update released on Aug. 15, analysts said that the coming weeks include a key decision point for Bitcoin (BTC) price action. BTC price awaits September “termination point” With Bitcoin still rangebound after months of indecisive behavior, market observers are keen to predict the return of some sort of market trend. For QCP Capital, September is the key month in the calendar, thanks to BTC/USD completing a rising wedge construction that began during the…

XRP Price at Potentially Significant Turning Point, Key Support Nearby

Ripple’s token price is consolidating above $0.620 against the US Dollar. XRP price might start a decent increase if there is a clear move above $0.650. Ripple’s token price is moving lower from the $0.6650 resistance against the US dollar. The price is now trading below $0.65 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.628 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to decline if there is no move…

Coinbase gains legal support as scholars file amicus brief

A group of six legal scholars specializing in securities law and related domains have submitted an amicus brief in favor of crypto exchange Coinbase in its legal battle against the U.S. Securities and Exchange Commission (SEC). An amicus brief is a legal instrument submitted to the court which originates from a party not directly engaged in the pertinent case. Its typical purpose is to provide supplementary arguments in favor of one side of the lawsuit while underscoring the wider implications that the case may carry beyond the immediate litigants. The…