Tag: Support

‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament – Finance Bitcoin News

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Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported a bill on Tuesday designed to enforce the latest global bank capital rules. Reuters noted in a report that the lawmakers have also incorporated…

Cardano (ADA) to Launch Eopsin – a Pythonic Programming Language, Robinhood to Add Dogecoin (DOGE) Support Soon, Snowfall Protocol (SNW) Announces Its Release in February

Place/Date: – January 25th, 2023 at 2:05 pm UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market is in a state of flux as we enter 2023. With new developments and announcements being made on a regular basis, it can be difficult to keep track of the latest happenings in the crypto world. However, three projects that are currently making waves in the crypto community are Cardano (ADA), Dogecoin (DOGE), and Snowfall Protocol (SNW). Cardano (ADA) Introduces Eopsin to Make dApp Development Seamless Cardano (ADA) is making waves…

Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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Ethereum started a downside correction below $1,600 against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,480 support. Ethereum is showing a few bearish signs below the $1,600 and $1,580 levels. The price is now trading below $1,600 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover if it stays above the $1,500 and $1,480 support…

Bitcoin Price Just Saw Technical Correction But Key Uptrend Support Intact

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Bitcoin price started a downside correction below $23,000. BTC is testing an important support and might start a fresh increase towards $23,500. Bitcoin started a downside correction and declined below the $23,000 support zone. The price is trading below $23,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $22,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $22,000 support zone. Bitcoin Price Tests Key…

80% Of Uniswap Holders Support BNB Chain For V3 Protocol

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Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book. For the v3 launch, the protocol carried out a ‘temperature test’ for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens. Surprisingly, about 80% of…

80% Of Uniswap Holders Support BNB PoS Chain For Deploying V3 Protocol

Uniswap (UNI), a decentralized protocol, is ready to roll out the third version of its platform. The protocol aims to provide a suitable platform where users can seamlessly swap ERC-20 tokens without using an order book. For the v3 launch, the protocol carried out a ‘temperature test’ for a possible blockchain to use. The proposal was for deploying Uniswap v3 on the Binance Smart Chain (BNB) instead of the Ethereum blockchain. The proposal got the UNI community voting on its government forum using their UNI tokens. Surprisingly, about 80% of…

ETH price risks 20% drop if key support level breaks

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Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion, but is also in danger of breaking below a key technical support level.  ETH slides vs. BTC in second half of January The ETH/BTC pair declined nearly 9.25% on Jan. 24 from its local top of 0.0779 BTC established on Jan. 11. Since the start of the year, Bitcoin is slightly outpacing Ether in USD terms, rising 38% versus 35%, respectively. ETH/BTC daily candle price chart. Source: TradingView Interestingly, Ether’s pullback versus Bitcoin has landed its price…

Elon Musk Defends His 2018 Tweets of Taking Tesla Private and Support from Saudi Investors

During his testimony, Elon Musk said that he indeed had support from Saudi investors who later backpedaled from their commitment. On Monday, January 23, Tesla chief Elon Musk testified before the jurors adding that he indeed had support from Saudi’s sovereign wealth fund for taking Tesla private. Besides, he also spoke about using his own share in his space rocket company SpaceX to fund this buyout. During his trial in the San Francisco federal court, the billionaire shared details about the matter. “With SpaceX stock alone, I felt funding was…

Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain

CryptoX – Cryptocurrency Analysis and News Portal Uniswap, like other decentralized exchanges (DEXs), relies on smart contracts to match trades and supply liquidity between traders. It locks up over $3.4 billion worth of various tokens across five blockchains, with V3, the latest iteration, commanding $2.6 billion of that figure, according to DeFiLlama. Source The post Uniswap Poll Shows 80% Support Decentralized Crypto Exchange’s Move to BNB Chain appeared first on CryptoX. CryptoX Portal