Markets

Two of India’s largest crypto exchanges – CoinSwitch Kuber and WazirX – have halted deposits in Indian rupees citing regulatory problems, triggering a wave of angry protests by investors on social media. It comes two days after Coinbase halted deposits in Indian rupees on Sunday, barely 3 days following its launch in India on April 7. The regulatory problem mentioned by these exchanges is a euphemism for the denial of instant retail payments services through the Unified...

Technical Analysis By: Edris Daily timeframe: Source: TradingViewBitcoin has been dropping impulsively in the past couple of weeks after being rejected from the 200-day moving average. This level has historically acted as a strong resistance during previous bear markets, and the price failing to break back above it may be considered a bad sign. The price has also broken below the 50-day and 100-day moving averages and is currently retesting them from below. These levels...

Binance, the biggest crypto exchange by trading volume, announced plans to expand its investments and operations into France’s STATION F, the largest startup campus in the world. Changpeng Zhao (CZ), founder and CEO of Binance, described the new space as the creative and innovative launchpad of his company’s footprints in Europe. The ‘Objective Moon’ initiative was established to feature a new Binance R&D hub in France, supporting the development of the French and...

Israeli crypto custodian Fireblocks has partnered with FIS – the largest processing and payments company in the world – to bring crypto adoption to capital markets. FIS clients can now access a full suite of crypto investment solutions including trading, storage, and Defi. Bringing Crypto to Institutions According to a press release from the company, FIS is granting firms of all types “access to the largest crypto trading venues, liquidity providers, lending desks, and Defi...

The Miami Bitcoin Conference is underway, and several sports stars have flooded the arena to share their love of bitcoin and talk about how the world’s number one digital currency by market cap is going to make serious waves in the payment world. Among the sports players to make their bitcoin support known was Aaron Rodgers of the Green Bay Packers, legendary tennis player Serena Williams, and Odell Beckham Jr. Aaron Rodgers and Other Sports Legends Talk BTC Rodgers was...

Solana price started a fresh decline from the $120 resistance against the US Dollar. The price is now trading below $110.00 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle forming with support near $124 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $108 to start a decent recovery wave in the near term. Solano price is struggling to stay above $100 against the US Dollar, similar to...

Bitcoin price started a major decline from the $45,000 zone against the US Dollar. The price is now trading below $42,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $40,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could decline heavily if there is a clear move below $40,000 and $39,500. Bitcoin price is struggling below the $41,000 resistance against the US Dollar. BTC...

Sygnum granted capital markets services (CMS) licence for asset management in Singapore Sygnum gibt heute die Lancierung seiner strukturierten Anlagelösung Sygnum Yield Core AMC bekannt, die auf dezentraler Finanzierung (DeFi) basiert. Sie wurde entwickelt, um attraktive laufende Renditen aus ertragsgenerierenden Strategien im wachsenden USD 250 Milliarden DeFi-Markt zu erzielen. Renditestrategien für digitale Vermögenswerte (z.B. Staking, Lending,...

The United States continues its exploration of a central bank digital currency (CBDC) as the main processor for US securities said it is developing a prototype for studying how such an asset can work in reality. The main goal is to examine how real-time transactions through cash-like tokens can pass through in the clearing and settlement process. Project Lithium The Depository Trust & Clearing Corporation (DTCC), the country’s securities processor maintaining the...

The 200-day moving average has significantly hindered the recent bullish surge, resulting in a substantial price decline. Bears are currently in control of the market, and the price is plummeting with a strong momentum, which resulted in a break below the 50-day and 100-day moving averages. Technical Analysis The Daily Chart:  Technical Analysis By Shayan The $37K and $34K demand zones are the next levels of support for Bitcoin. If the price is supported by the short-term...