Altcoins

EOS price started a fresh decline from well above $4.80 against the US Dollar. The price is now trading below $4.50 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could accelerate lower if there is a close below $4.00 and $3.85. EOS price is showing bearish signs below $4.50 against the US Dollar, similar to bitcoin. The...

Litecoin price started a fresh decline from well above $200 against the US Dollar. LTC price is now trading below $200 and the 55 simple moving average (4-hours). There was a break below a crucial contracting triangle with support near $192 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to decline unless there is a clear break above the $192 resistance. Litecoin price is moving lower and trading below $200 against the US...

Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam – Singapore’s Central Bank Chairman – recently stated that cryptocurrency has a place in the country’s financial sector. All it needs are some regulations around illicit finance. A Place For Stablecoins The chairman showed his support at the Asia Financial Markets Forum on Wednesday. He said that the technology’s financial use-cases could extend...

Elon Musk – the South African entrepreneur behind billion-dollar companies like Tesla and SpaceX – has a habit of making currencies go up and down all the time… and the crypto world’s latest asset Shiba Inu coin is no exception. Elon Musk Causes Another Coin to Fall Shiba Inu coin has been breaking all kinds of records and hitting new highs. A spin-off of the popular meme currency Dogecoin, Shiba Inu coin hit a massive record this weekend only to be brought down by a...

Key Support level: $3,969 , $3,500 Key Resistance level: $4,380 Ethereum’s (ETH) failure to break the all-time high early this morning quickly changed the market sentiment, and bears took full control for a brief period. In the early hours of this morning, Ethereum attempted to break the all-time high, but it was stopped at $4,332 – just $50 below it. Once bulls realized they can’t push the price higher, the action was in the hands of the bears that did not hesitate and...

Tron price is forming a base above the $0.1000 zone against the US Dollar. TRX price is now trading above $0.1000 and the 55 simple moving average (4-hours). There is a connecting bullish trend line forming with support near $0.0995 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.1050 resistance. TRON price remained well bid above $0.0980 against the US Dollar, similar to bitcoin. TRX price is...

Tether Holdings Limited, the issuer of the largest stablecoin by market cap, USDT, recently announced integrating Notabene to manage regulatory and counterparty risk in crypto transactions. Tether to Crack Down on Illegal Transfers As per an announcement on Tuesday, Tether will be testing the Notabene platform to comply with the Crypto Travel Rule —a mandate established on June 20, 2021, by the Financial Action Task Force (FATF). Notabene’s end-to-end solution will allow...

A new startup is looking to scan everybody’s eyes in exchange for cryptocurrency. The process sounds like something out of the movie “Minority Report.” Scan your eyes, get paid in a token known as Worldcoin. Worldcoin Is Here to Scan Your Eyeballs The currency is named so because the idea is to give everyone in the world cryptocurrency. There’s just one thing: you need to let a small, metallic orb examine and sweep your eyes. This will add your data (DNA) to the system...

Key Support level: $0.000042 Key Resistance level: $0.000062 The Shiba Inu (SHIB) rally continues with another impressive push of over 20% today. SHIB has defied all expectations and has doubled yet again in about a week’s time. This shows that the appeal of meme coins surpasses many fundamental arguments in the altcoin market. The Shiba Inu chart is clear, price is going up in a parabolic fashion with possible resistance at the next Fibonacci level as indicated by the chart....

Thanks to the growing influence of stablecoins on the financial system, regulators across the world are racing to regulate the sector. The stablecoins realm is a step closer to achieving regulatory clarity as the US Securities and Exchange Commission (SEC) has geared up to propose legislation and supervise the $131 billion industry. US Financial Watchdog Readies Stablecoin Regulations Citing sources familiar with the matter, Bloomberg reports that developments surrounding...