Markets

Bitcoin cash price started a fresh decline from the $118 zone against the US Dollar. The price is now trading below the $110 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $109 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $106 and $105 support levels. Bitcoin cash price is declining from the $118 zone against the US Dollar,...

Sygnum granted capital markets services (CMS) licence for asset management in Singapore Sygnum nutzt sein Engagement in der Krypto-Community und seine Erfahrungen im regulierten Digital-Asset-Banking, um das erste institutionelle, regelbasierte Krypto-Sektor-Index-Programm auf den Markt zu bringen. Es verfolgt die Wertentwicklung von 21’000 Krypto-Protokollen und nutzt ein regelbasiertes System, um in 7 Kern- und 38 aufstrebende Krypto-Sektoren zu...

Coinbase – the largest crypto exchange in the United States – has launched an asset recovery tool that will let users recover over 4000 unsupported ERC-20 tokens sent to the exchange by mistake.  In return for a small fee, the company will send non-supported assets back to user addresses.  According to a blog post from Coinbase on Thursday, the tool requires only an Ethereum transaction ID in which the funds were lost alongside the mistaken Coinbase address to which the...

INTERNET CITY, DUBAI, Dec 12, 2022 – LBank Exchange, a global digital asset trading platform, will list HUMAN Token (HMT) on December 15, 2022. For all users of LBank Exchange, the HMT/USDT trading pair will be officially available for trading at 13:00 UTC on December 15, 2022. Opening a new era of potential for human workers and businesses, HUMAN Protocol supports the creation of decentralized and automated job markets. Its native token HUMAN Token (HMT) will be listed...

Fidelity Investments is getting ready to offer both bitcoin and Ethereum trading to retail investors. The good news is that all trades will be commission free, though anybody seeking to engage in digital currency trading is likely to still pay a one percent fee on all the money they exchange. Fidelity Isn’t Being Entirely Forthcoming About Its Fees The 401K giant announced that roughly one percent fees will be attached to all transactions. Javier Paz – director of data...

Following yesterday’s Fed interest rate announcement, Ethereum’s price has seemingly taken a U-turn, getting rejected from a significant resistance zone. Another bearish phase could soon begin unless the market rebounds over the next few days. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to break above the $1300 level and is currently falling to the downside. The 50-day moving average has also been tested around the same area, but the...

Changpeng Zhao – CEO Binance – agreed that the collapse of FTX has caused some panic in the space. He also reiterated that the fact that they were audited by a somewhat reputable firm caused others in that business to be more cautious when working with crypto businesses. He assured that Binance is in good financial standing, does not owe anybody money, and has never co-mingled clients’ funds. In a recent interview for CNBC, CZ said Binance coped with the recent customer...

Mark Branson – President of Germany’s financial market regulator BaFin – reportedly urged global authorities to cooperate and impose appropriate laws on the cryptocurrency industry. Such rules could grant additional customer protection and prevent the usage of the asset class in illegal activities, he claimed. ‘Now is the Time’ According to Branson, the current supervision of the cryptocurrency sector is not strict enough to keep bad actors away. “Just let the industry grow...

Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the U.S. central bank agreed to raise its benchmark interest rate by 0.5%. The announcement, which aligned with market expectations, signals the Fed’s first movement this year to slow the hawkish momentum of monetary policy.  As the Federal Reserve unveiled its decision at 14:00 EDT, Bitcoin immediately fell from $18,300 to $17,850 within five minutes.  The asset reversed...

Huobi Global – a known cryptocurrency exchange – is denying rumors that it plans to let go of some of its employees. It has also denied rumors that two of its top executives have resigned in recent weeks. Huobi Global: We’re Keeping Our Workers 2022 has been a rough year for crypto. The space has lost more than $2 trillion in overall valuation over the past several months alone, and assets like BTC – the world’s number one digital currency by market cap – have fallen by...