Tag: Support

 Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program

Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to stake for passive income. Everlodge unveils staking program Everlodge is developing a marketplace allowing people to invest in luxury properties like hotels, vacation homes, and villas with little capital.  The Everlodge marketplace merges fractional ownership of vacation homes with non-fungible token…

Ethereum Underperforms Bitcoin, Bulls Struggle To Protect Key Support

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Ethereum price failed to start fresh increase above $1,600 against the US dollar. ETH is now struggling to stay above the $1,550 support zone. Ethereum extended its decline and tested the $1,550 support zone. The price is trading just below $1,580 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if the bulls fail to protect the $1,550 support. Ethereum Price Dips Further Ethereum struggled to…

BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K support

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Bitcoin (BTC) passing $28,000 hints at bullish sentiment, but reclaiming it for good is essential, analysis says. In an X post on Oct. 17, Yann Allemann and Jan Happel, co-founders of on-chain analytics firm Glassnode, described the $28,000 mark as a “critical milestone” for BTC price. Glassnode: “Keep an eye out” for $28,000 After snap volatility, which caused Bitcoin to hit $30,000 for the first time since August, the largest cryptocurrency has managed to preserve some of its gains. At the time of writing, BTC/USD is circling $28,500, per data…

Solana Foundation to Provide Technical Support for Dubai DMCC Free Zone as Ecosystem Partner

The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and business development aid from the Solana Foundation. An official announcement states that Solana Foundation’s support would be provided to the DMCC Crypto Centre, an ecosystem comprising Web3 and blockchain technology companies. The DMCC Crypto Centre provides for…

Bitcoin whale addresses increase, price maintains $26k support

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Bitcoin (BTC) whales are actively accumulating the orange coin, as 16 new wallets now hold between 100-1,000 BTC, Santiment data shows. This trend suggests a growing investor confidence in the flagship cryptocurrency’s future.  Bitcoin whale accumulation Bitcoin recently saw another notable day of accumulation among its larger holders, often referred to as “whales.”  A total of 16 new wallets have now entered the category of those holding between 100 and 1,000 BTC, demonstrating a growing trend.  What’s interesting is how this uptick in larger wallets correlates with smaller ones moving…

Binance.US Updates Crypto Listing Process, Says Exchange Considering Launching Trading Support for Aptos Rival

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Binance’s US arm is updating the way it lists crypto assets by giving traders advance notice when it is considering adding trading support for a new token. Binance.US says the new procedure aims to provide additional transparency to its listing process. The first asset the exchange is evaluating with the new process is the native token of the recently launched layer-1 blockchain Sui Network (SUI). Sui Network’s mainnet first went live in early May. The project is an Aptos (APT) rival and uses the same coding language, Move, which was…

Flare Network Will Burn 2% of Total Token Supply to Support Ecosystem

“We are very happy to have reached an agreement with our shareholders and thank them for their support,” Hugo Philion, CEO and co-founder of Flare, said in a statement. “Without this burn, the investors would be able to claim approximately 3x their original allocation through the FlareDrops, unfairly diluting community holdings.” Source BurnEcosystemFlareNetworkSupplySupportTokenTotal CryptoX Portal

Bank of Russia to support CBDC development

The Bank of Russia has announced changes to regulating its central bank digital currency (CBDC), the digital ruble. The central bank will allow foreign banks to open digital ruble accounts from Jan. 1, 2025 to promote cross-border payments and financial inclusion. The digital ruble is a digital form of the national currency that will coexist with cash and non-cash rubles. It will be issued and controlled by the Bank of Russia and will have the same legal status and value as other forms of the currency. The central bank plans…

Ethereum Price Plunge Imminent as Key Support Line Collapses

Ethereum price is moving lower toward the $1,500 support against the US dollar. ETH could correct higher, but upsides might be limited above $1,565. Ethereum is struggling to start a recovery above $1,550. The price is trading below $1,565 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance near $1,555 and $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $1,565. Ethereum Price Extends Losses Ethereum remained in a bearish…