What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...
Read More »Ripple Price Analysis: XRP Bounces From 100-day MA and Battles to Reclaim $1
XRP/USD – Buyers Battling To Reclaim $1. Key Support Levels: $0.95, $0.876, $0.8282.Key Resistance Levels: $1.05, $1.15, $1.25. XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound. After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to...
Read More »Ripple Partners with Bhutan’s Central Bank to Pilot a CBDC
The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency: “Today, we are proud to announce...
Read More »AMC to Accept Additional Forms of Crypto for Movie Tickets, but Will This Help the Chain?
Not too long ago, AMC announced that it was going to allow crypto fans to purchase concession items and tickets with bitcoin. Now, it looks like the company is adding several additional digital currencies to its list of accepted payment methods hoping this will potentially attract more movie goers. AMC Says “Yes” To ETH, BCH, LTC No doubt theatre chains have taken serious hits over the past year and a half following the coronavirus pandemic. Theatres require people to...
Read More »Crypto Trading Now Official in Dubai Following Regulators’ Agreement
Dubai World Trade Center Authority (DWTCA) announced recently that it has partnered with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation completely legal within its jurisdiction – the DWTCA freezone. DWTCA Makes Crypto Activities Legal Notably, the agreement was signed by the acting CEO of the SCA Dr. Maryam Al Suwaidi, DWTCA director-general Helal Saeed Al Marri, and an executive at the Dubai Department of Tourism...
Read More »BitFuFu Attended the 2021 Digital Mining Conference
[PRESS RELEASE – Please Read Disclaimer] On Sept 9, 2021, BitFuFu attended the 2021 Digital Mining Conference held in Miami, the US, Also, BitFuFu showed the results of its global business layout to the audience and the promotion of green energy applications in the encrypted mining industry. The conference was held by mining giant Bitmain. Numerous leading KOLs and enterprises were invited to the conference. Miami’s City Mayor Francis X. Suarez and the former Chief of Staff...
Read More »Cardano Price Analysis: ADA Recovers 6% In a Day, What’s Next?
ADA/USD – Buyers Rebound From $1.88 Support Key Support Levels: $$2.00, $1.88, $1.80.Key Resistance Levels: $2.20, $2.40, $2.50. ADA bounced by a total of 6% over the past 24 hours since finding support at $2.00 yesterday. The cryptocurrency had broken beneath the 50-day MA on Monday and spiked lower on Tuesday until support was met at $1.88, provided by a 1.414 Fib Extension. The buyers regrouped at $1.88, allowing them to push toward $2.00 when the daily candle closed....
Read More »Binance arbeitet mit US-Behörden wegen Steuerhinterziehungen zusammen
Damit Binance seinen vollen Funktionsumfang in vielen Ländern zurückerhalten kann, sind zwangsläufig Zugeständnisse an die dortigen Behörden notwendig. Die Frage ist nur: Wie weit werden diese Zugeständnisse gehen? Bitcoin News: Binance arbeitet mit US-Behörden wegen Steuerhinterziehungen zusammenIn einer offiziellen Nachricht auf Binance heißt es (Quelle):“Based on a comprehensive audit by our investigative team, several accounts related to the addresses mentioned in the OFAC announcement...
Read More »3 Reasons Why Avalanche (AVAX) is Up by 800% in Two Months
A lot can change in the cryptocurrency markets in two months. Avalanche and its native cryptocurrency – AVAX – are prime examples. The token traded around $9 during the market-wide crash on July 20th but surged by triple-digits in this timeframe to reach a new all-time high at nearly $80 earlier today. This came after numerous consecutive records last week, before the market-wide crash. Registering such massive price increases in a relatively short time has caught the...
Read More »EOS Price Analysis: Bulls Facing Uphill Task Near $4.8
EOS price extended its decline and traded below $4.00 against the US Dollar. The price is now trading well below $4.80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $5.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could recover higher if there is a clear break above the $4.50 and $4.80 resistance levels. EOS price is trading in a bearish zone below $5.00 against the US...
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