Tag: Support

Strike Arrives in Argentina With USDT Support, No Bitcoin Integration Yet – Bitcoin News

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Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value in cash. This value will be held in the form of USDT, with no option for storing bitcoin, at least at launch. Strike Brings Stablecoin Integration to Argentinians Strike, a popular bitcoin-based wallet, has launched in Argentina, bringing a…

Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode – Bitcoin News

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On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network by partnering with the bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos and now users can transact with bitcoin payments going forward. Belo Partners With Opennode, Introduces Lightning Network Support Belo, the Argentine mobile wallet application founded by Manuel Beaudroit aims to “create a bridge” between the crypto world and life in pesos. On Monday, the company announced it…

Bitcoin Stabilizes Above $40K Support; Resistance Near $45K

Bitcoin (BTC) selling pressure is starting to wane after last week’s price dip. The cryptocurrency is holding short-term support at around $40,000, although upside appears to be limited near $43,000-$45,000. BTC is down about 2% over the past 24 hours, although the price action has been fairly muted over the past few days. The relative strength index (RSI) on the four-hour chart is rising from oversold levels, which typically precedes a brief price bounce. On the daily chart, the RSI is the most oversold since Dec. 10. Upside momentum has…

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate – Fintech Bitcoin News

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China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides Access to CBDC Wechat, one of China’s biggest messaging and payment apps, is reportedly set to support the digital yuan, China’s CBDC. The addition of the CBDC to the social platform is expected to boost…

Tencent Adds Digital Yuan Support to WeChat Pay Wallet: Report

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Major payments app WeChat to add support for China’s digital yuan

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WeChat, China’s largest messaging app and one of the country’s most popular payment services, will start supporting the Chinese government’s digital currency. On Jan. 6, 2021, Tencent announced that it will begin accepting digital yuan payments via its proprietary mobile wallet WeChat Pay, according to a local news report. China has been developing a digital yuan since 2014, and it has yet to be implemented nationwide. If people start paying for goods and services with WeChat, which has more than 1 billion users, it will give it a significant boost.…

Bitcoin Steady Near $45K Support; Resistance at $53K

Bitcoin (BTC) is holding steady around $45,000 – a key support level, near the bottom of a month-long price range. Buyers will need to clear $47,000 to yield a short-term upside target toward $53,000 this week. If support does not hold, a pullback will likely stabilize around $42,000, which is near the Dec. 5 crash low. For now, the relative strength index (RSI) on the daily chart remains in an oversold range, which typically precedes a short-term price bounce. Still, the recent decline in upside momentum is a concern. There…

Polinate Games & Guilds to Support Ambitious Projects to Raise Funds

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Undoubtedly, Play-to-earn has dominated the industry of gaming in recent times. Several game enthusiasts, individual and institutional investors across the globe have adopted this novel approach that represents the future of gaming and decentralization. Through the widespread use of play-to-earn, vigorous and vibrant economies have led to raising billions of dollars in funding for growing projects. Aside from highly innovative projects and ever-growing communities, various factors contribute to the advancement of the P2E space with significant ones involving crowdfunding platforms. Crowdfunding platforms for games and guilds are the most efficient…

Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises

“If the Fed goes to 4 hikes next year, that is a big statement. That means either two things. First, they are hiking in March, which would be no gap between the end of QE and the first hike. Not impossible, but that is a big statement about intent,” John Turek, the author of the Cheap Convexity blog, said in a blogpost published on Dec. 29. “If they don’t go in March and want to go 4 times next year, that means they will be hiking at a rate faster…

Bitcoin Holds Key Support, What Could Trigger Strong Recovery

Bitcoin is still well below the $48,000 resistance against the US Dollar. BTC remains at a risk of a sharp decline if it fails to stay above the $45,500 support zone. Bitcoin is trading in a bearish zone below the $48,000 resistance level. The price is trading below $47,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a strong recovery wave if it…