Tag: Support

InQubeta finds support, QUBE can flip BTC, BNB, and XRP

InQubeta is popular in the crypto market and getting support for its fundamentals and growth potential. Industry experts predict InQubeta’s utility token, QUBE, to outgrow established coins like Bitcoin (BTC), Binance Coin (BNB), and XRP.  This article examines InQubeta’s features and why it is garnering market-wide support. InQubeta has market-wide support InQubeta is a crowdfunding platform for crypto artificial intelligence (AI) startups aiming to capture the attention and imagination of investors.  Its token presale has raised over $1.9 million, intending to create a mutually beneficial ecosystem where AI startups can raise funds…

US banking advocacy group support Sen. Warren’s reintroduced crypto bill

United States banking advocacy group, Bank Policy Institute, has backed Senator Elizabeth Warrens’ legislation aimed at tackling financial crime, which she first introduced several months ago. According to a July 28 Bloomberg report, Warren reintroduced the bill – titled ‘Digital Asset Anti-Money Laundering Act of 2023’ – on July 28, along with West Virginian Democrat Joe Manchin, Kansas’ Republican Roger Marshall and South Carolina Republican Lindsey Graham. Warren initially introduced the bill to the U.S. Senate in December 2022. The Bank Policy Institute has shown its support for the bill, which demands more…

Chinese, Indian investment professionals show strong support for CBDC in new survey

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The CFA Institute, the professional association that provides Chartered Financial Analyst credentialing, surveyed its members on their perceptions of central bank digital currency (CBDC), saying it wanted to examine the demand-side outlook on the financial technology.  The survey found a wide array of opinions that depended on the location and even the age of the respondents. The response was generally unenthusiastic. Although 47% of respondents said they had a moderate understanding of CBDCs and 42% said they believed that central banks should launch digital versions of fiat currencies (with 24%…

Alibaba to support Meta’s AI model Llama

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E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs. According to an initial report from Reuters which cited an official statement from Alibaba Cloud through its WeChat account, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution to allow businesses to develop software and tools using AI: “Today, Alibaba Cloud has launched the first training and deployment solution for the entire Llama2 series in China, welcoming all developers…

Ethereum death cross threatens more downside as ETH price trades at a key support level

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Ether price is down today, and several data points are beginning to suggest that further downside could be in store.  On July 24, Ethereum (ETH) experienced a drop close to its monthly low, reaching $1,825, amid Bitcoin’s negative price action, as uncertainty loomed over macroeconomic conditions and a potential whale sell-off. Several on-chain and technical indicators point to further downside in ETH prices. However, the extent of this downward movement could be limited, considering the profit levels of existing holders and decrease in its liquid supply. ETH on-chain analysis suggests…

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

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Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13 following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that they remain active at higher levels. However, a positive sign is that the bulls have kept Bitcoin’s price above $30,000. Market observers are expected to closely follow the review process for the various exchange-traded fund (ETF) proposals for a spot Bitcoin ETF, prominent…

Bitcoin Opens Week Defending $30K Support Level

“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report. Source

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

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Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward. Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors’ sentiment was significantly impacted by an unsuccessful attempt to break above $31,400 on July 6. Traders’ tendency to overreact to short-term price movements rather than Bitcoin’s year-to-date gains of 82% could be part of the reason for the short-term correction.…