Tag: Support

Recovery Could Derail If This Support Gives Way

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Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it stays below the $0.3720 resistance. Ripple is currently recovering above the $0.355 resistance zone against the US dollar. The price is now trading near $0.360 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.3480 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh decline if…

MATIC Seen Breaking Present Support With Sustained Momentum

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MATIC has shown rapid accumulation or increase in the supply since the final days of November. More so, there was also an increased demand seen in the derivatives market which could be the outcome of positive Binance Funding Rate on the MATIC/USDT pair. CoinMarketCap data shows that MATIC price is now up by 1.48% or trading at $0.8019 at the time of writing. With the rate it’s going, Polygon could further retest of even breach the present support level with sustained momentum. Price still could potentially slide further towards $0.7736…

Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone

Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance. The move followed a 7-day correction of 8% in the S&P500 futures after the U.S. Federal Reserve chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14. Bitcoin price retreats to channel support Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the 5-week-long ascending channel support at $16,400 has been attributed to the Central Bank of Japan’s efforts to contain inflation.…

Wallet Developer SafePal Announces Support for The Open Network (TON)

This partnership with TON will allow SafePal’s hardware and software wallet users to store and send the $TON coins and interact directly with TON dApps. On Wednesday, December 21, Singapore-based wallet developer SafePal announced adding support for The Open Network (TON). The Telegram team had originally designed TON which is now an independent and entirely open community project. SafePal and TON This partnership with TON will allow SafePal’s hardware and software wallet users to store and send the $TON coins. The integration would also allow SafePal users to interact directly…

Current infrastructure can’t support the Metaverse, says Huawei report

Chinese telecom giant Huawei doesn’t believe current telecom infrastructure is enough to cope with the needs of the Metaverse, adding that 5G and 6G networks just might. The comments came from Huawei’s Middle East region’s Chief Expert on Business & Strategy Consulting, Abhinav Purohit, who published a three-part blog series on Dec. 20 focused on the potential of the Metaverse sector and where telecom companies will fit into the picture. Describing what the Metaverse is, or what its actualization will look like, Purohit outlined that a “metaverse is a collective…

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume – Altcoins Bitcoin News

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Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly crashed below the $1 region during the mid-afternoon trading sessions, slipping to a low of $0.89 per FTT at 2:30 p.m. (ET). Bankrupt FTX’s Exchange Token FTT Drops Below the $1 Price Range Ftx token…

Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried – Featured Bitcoin News

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence unless proven otherwise,” he stressed. O’Leary also denied the accusation by Binance CEO Changpeng Zhao (CZ) that he perjured himself in a U.S. Senate hearing over why FTX failed. Kevin O’Leary on FTX’s Collapse Shark Tank star Kevin O’Leary defended his position as a spokesperson for the collapsed crypto exchange FTX in an interview…

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War – Featured Bitcoin News

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The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds are instantly transferred to the intended recipients. Only ‘Most Impacted and Vulnerable People’ Qualify The United Nations High Commissioner for Refugees (UNHCR) and the Stellar Development Foundation (SDF), an organization supporting the growth of the Stellar blockchain, announced on Dec. 15 the launch of a “blockchain payment…

Jack Dorsey Announces $1M Grant Support for Centralized Instant Messaging Service Signal

Twitter founder Jack Dorsey said he would give Signal $1 million each year as a show of support for open internet development. Jack Dorsey recently pledged to donate $1 million every year to the encrypted messaging app Signal. This funding effort is part of a broader scheme by the Twitter founder to promote open internet development amid an industry needing all-around improvement. According to Dorsey, social media should not be in the hands of a single entity or group of entities. In addition, the Block (NYSE: SQ) co-founder and CEO also…