Tag: Support

DCG launches new AI subsidiary to support Bittensor

Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov. 20, Yuma will focus on investing in and incubating startups and projects leveraging the decentralized network Bittensor (TAO). Barry Silbert, DCG’s founder and CEO, will also serve as Yuma’s chief executive officer. The subsidiary derives its name from the Yuma Consensus mechanism, a core feature of Bittensor that rewards miners using the native token, TAO. DCG highlighted that Yuma represents its commitment to advancing…

Two Solana Ecosystem Altcoins Jump After Crypto Exchange Bithumb Announces Trading Support

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Two Solana (SOL)-based altcoins are rallying amid sudden support from the South Korean crypto exchange Bithumb. Bithumb announced spot trading support starting on Tuesday for memecoin PONKE (PONKE) and automated market maker (AMM) protocol Raydium (RAY). Amid the news, monkey-themed PONKE has shot up more than 7% in the last 24 hours, trading for $0.77 at time of writing. The memecoin is up more than 90% in the last 30 days. With a market cap of $424.4 million, PONKE is the 198th largest crypto project. PONKE also recently gained spot…

Polish minister advocates support for Bitcoin strategic reserve

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Polish minister and presidential candidate Sławomir Mentzen has promised to create a Bitcoin reserve and make Poland more crypto-friendly if elected in 2025. According to a Nov. 17 X post, Mentzen doubled down on his previous remarks made in response to a proposal from Lech Wilczynski, CEO of Swap.ly, about adopting the crypto advocacy group Satoshi Action Fund’s Strategic Bitcoin Reserve model. Wilczynski suggested that The Satoshi Action Fund’s open-source model could serve as a framework for Poland to establish a national Bitcoin reserve, emphasizing that “there is no point…

Bybit Rallies to Support Flood-Stricken Communities in Spain: A Commitment to Recovery

Bybit has announced its commitment to assist communities affected by the catastrophic floods in Valencia and other regions of Spain, which have resulted in over 200 fatalities, thousands of displaced individuals, and extensive infrastructure damage. In partnership with the local non-profit organization Admundi, which focuses on improving the lives of impoverished children, Bybit is mobilizing […] Source CryptoX Portal

Can Support Prevent Further Losses?

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Este artículo también está disponible en español. Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price…

Ethereum Price Hints at Downside Correction: Will Support Hold?

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Este artículo también está disponible en español. Ethereum price started a downside correction from the $3,450 zone. ETH is now consolidating and facing hurdles near the $3,250 resistance. Ethereum started a short-term downside correction from the $3,450 zone. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,120 zone. Ethereum Price Hits Support…

Bitcoin Market Update: BTC Eyes $90,000 With Strong Support at $84,000

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Bitcoin is holding strong near its recent highs, yet faces critical resistance at the psychological $90,000 range, signaling potential consolidation or a correction as sellers enter the market. Bitcoin On the daily chart, bitcoin’s bullish momentum is evident, with prices soaring from approximately $60,000 to a peak near $90,000. This substantial gain shows continued demand; […] Original

Trump’s crypto support could push China to revive crypto regulation

HashKey’s Xiao Feng believes Trump’s crypto stance may prompt China to accelerate its adoption of cryptocurrencies. U.S. President-elect Donald Trump’s pro-crypto policy may eventually prompt China to reconsider its stance on digital assets, HashKey Group chairman Xiao Feng told the South China Morning Post in an interview. Xiao suggested that a clear commitment from Washington to promote the cryptocurrency sector could accelerate Beijing’s timeline for adopting crypto businesses. Despite China’s ban on crypto trading, mining, and initial coin offerings, Xiao believes that geopolitical factors, including the U.S.-led sanctions on Russia…

HashKey Global Announces Support for TRC-20 USDT and TRX

PRESS RELEASE. Hamilton, Bermuda – November 11, 2024 – HashKey Global, is excited to announce support for TRC-20 USDT and TRX. HashKey Global has completed the integration of Tether (USDT) on the TRON network, and deposits and withdrawals for TRC-20 USDT are now open. Furthermore, we are pleased to announce the listing of Tronix (TRX) […] Source CryptoX Portal

PEPE Upsurge Stalls At Key Resistance, Eyeing Support At $0.00001152

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PEPE rally has come to an abrupt halt, as the price faces rejection at resistance and begins its descent toward the key support level of $0.00001152. After a strong upward push, the token has encountered significant selling pressure, raising concerns about the sustainability of its bullish strength. Now, all eyes are on the $0.00001152 mark to determine if it can support a rebound or if this is the beginning of a deeper pullback. This article aims to navigate PEPE‘s recent price action as it encounters resistance, causing the rally to…