Tag: Support

Bitcoin Price Analysis Ahead Of Its Monthly Close, Will $20,500 Hold As Support?

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BTC’s price shows strength as it bounces from a downtrend range price rallied to a high of $20,500 with eyes set on $22,000.  BTC could rally more as the price creates more bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying higher. BTC’s price remains strong on the daily timeframe abo the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Bitcoin (BTC) in the past few days has been impeccably high, with the price rallying…

Bitcoin fails to break the $21K support, but bears remain shy

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Bitcoin (BTC) rallied on the back of the United States stock market’s 3.4% gains on Oct. 28, with the S&P 500 index rising to its highest level in 44 days. In addition, recently released data showed that inflation might be slowing down, which gave investors hope that the Federal Reserve might break its pattern of 75 basis-point rate hikes after its November meeting. In September, the U.S. core personal consumption expenditures price index rose 0.5% from the previous month. Although still an increase, it was in line with expectations. This…

Blockchain Association throws support behind Ripple in SEC duel

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United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry.  In an Oct. 28 post, the advocacy group announced it will “stand” with the American crypto economy by filing an amicus brief, also known as “friend of the court” in the SEC enforcement action against Ripple. Nearly two years ago, the SEC announced they were suing Ripple (XRP), former…

Crypto Lobbyist Group Blockchain Association Asks Court for Permission to Support Ripple Against SEC Case

The SEC sued Ripple at the end of 2020 on allegations that it sold XRP as an unregistered security. The case has gone through a number of procedural motions since, and the parties recently filed their motions for summary judgement. On Friday, the Blockchain Association asked the court overseeing the case for permission to join the case, as well as the actual amicus brief. Source

Polkadot Price Depreciates, Will The Bulls Be Able To Defend This Support Line?

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Polkadot price has retraced on its chart over the last 24 hours. The coin has started to register sideways movement on its one-day chart. During this period, the coin lost close to 2% of its market value. In the last week, DOT registered more than 6% appreciation, which caused the bulls to gain stamina and break past the consolidation phase. The technical outlook for the coin remained positive; however, the indicators indicated that the bullish momentum was fading off the charts. Bitcoin also retraced slightly on its chart. Many altcoins…

Binance may form a team to support Twitter’s blockchain efforts

According to reports on Oct. 28, the crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance’s founder and CEO, Changpeng Zhao, or CZ, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla’s founder. On Twitter, CZ confirmed that the money was wired earlier…

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

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Top US-based crypto exchange platform Coinbase is expanding its suite of digital assets by adding custody support for over a dozen of Ethereum (ETH)-based altcoins. Coinbase says it’s adding 14 new cryptocurrencies to the growing roster of virtual currencies in its Coinbase Custody cold storage trust. Coinbase Custody, which launched in July 2018, is a crypto custodial service for wealthy and blue-chip investors located in New York that’s designed to give traders a safe way to store large amounts of digital assets. The announcement had mixed results on the prices…

Solana Recaptures $30 Support; Here Is What To Expect Based On This Indicator

SOL’s price shows strength as it bounces from a downtrend range after losing its key Support to a region of $28. SOL faces a major issue to hold above Support and trend higher above $34 after the price broke out of its downtrend descending triangle price movement. SOL’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Solana (SOL) bounced from its low at around $27.5 after losing its key Support and reclaiming this important…

Celo ecosystem projects raise $77.3M in support of interoperability, ReFi

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Projects building on the Celo blockchain have collectively raised $77.3 million in support of various business initiatives, underscoring the growing adoption of the payments-focused developer network.  Celo announced on Oct. 27 that projects impactMarket, Loam, Tatum, Circular Impact, Sanergy, Hyperlane, RedStone and Jia secured funding to further the adoption of theirWeb3 business models. The biggest raise came from Tatum, a blockchain development platform and early Celo Foundation grant recipient, which secured $41.5 million. Hyperlane, an interchain communication protocol focused on interoperability, secured $18.5 million in seed funding led by venture…

Gamefi-Focused Oasys Blockchain Launches Mainnet With Support of Sega, Ubisoft, and Bandai Namco – Blockchain Bitcoin News

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Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA gaming companies such as Sega, Ubisoft, and Bandai Namco, will start validating blocks from all nodes in preparation for its definitive activation slated to happen on November 8th. Oasys Launches Mainnet Operations Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has…