Markets

The global provider of secure financial messaging services, SWIFT, is planning to launch an innovative pilot in the first quarter of 2022 that will see it explore interoperability in the nascent asset tokenization market. SWIFT to Test Tokenized Assets Aside from SWIFT, other participants in the initiative will include Clearstream, Northern Trust, Citi-backed enterprise blockchain firm SETL and other industry players, the company noted in a recent announcement. Thomas...

The crypto industry, especially the decentralized finance (DeFi) and non-fungible token (NFT) markets recorded explosive growth over the past year, and more mainstream users are eagerly looking to join the space. Sadly, the concept of DeFi and crypto, in general, is still complicated for many new users because of the lack of beginner-friendly tools and onboarding process. But Clover Finance intends to change that narrative by effectively bridging the gap that exists between...

EOS price started a decent recovery from the $3.00 zone against the US Dollar. The price is now trading just above $3.30 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $3.25 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if the bulls gain strength above the $3.45 and $3.50 levels. EOS price is showing positive signs above $3.20 against the US...

Litecoin price is facing resistance near the $160 zone against the US Dollar. LTC price is now trading above $155 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $160 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it breaks the $160 resistance zone. Litecoin price is consolidating below $160 against the US Dollar, similar to bitcoin. LTC price could...

Crypto prices are falling heavily at press time, with bitcoin – the world’s number one digital currency by market cap – dipping into the low $46,000 range. Bitcoin Is Having an End-of-Year Crisis The slide in crypto prices began a couple weeks ago, with many analysts blaming the new surge in COVID cases for the dip amongst digital currencies. Since last week alone, bitcoin has fallen by more than three percent, while other competing altcoins such as Ethereum have fallen...

The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to the official blog post, the new system, dubbed “BNB Auto-Burn,” will have two characteristics. It will be...

Key Support level: $77 Key Resistance level: $100 After Luna touched the support at $55, the price entered into a massive rally, almost doubling in price in less than 10 days. Today, Luna stopped $2 short of hitting $100. The bulls will have to wait for another day to see Luna at three digits. As such, the resistance sits at $100, and the key support is now found at $77. Luna continues to be one of the strongest performers on the market, with its Terra network recently...

SushiSwap is one of the most popular and also veteran decentralized exchanges and automated market makers (AMM). Still, it went through a fair share of infighting in the past couple of months. Now, a community proposal calls for a merger between Sushi and the Bancor Network. A Bit of Context On December 9th, Joseph Delong, the Chief Technical Officer of SushiSwap, announced his resignation. This was no coincidence and the culmination of a prolonged squabble within the...

Tron price started a fresh decline from the $0.0934 resistance against the US Dollar. TRX price is now trading below $0.0850 and near the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.0820 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.0820 resistance. TRON price started a recovery wave from $0.0750 against the US Dollar, similar to...

Bitcoin price started a decent recovery from the $45,500 zone against the US Dollar. The price is now trading above $48,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $48,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could accelerate higher if it clears the $50,000 resistance zone. Bitcoin price is rising above $48,000 against the US Dollar. BTC might continue to...