Markets

Bitcoin cash price started a major decline below the $550 zone against the US Dollar. The price is now trading below the $520 zone and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to rise towards the main $550 and $555 resistance levels in the near term. Bitcoin cash price is eyeing recovery above $500 against...

El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part of a longer thread on the nation’s efforts to reduce the cost of fuel in the country. The government will be absorbing further...

The world’s largest cryptocurrency exchange, Binance, continues to employ high-profile investigators as part of efforts to boost the company’s compliance measures. New Audit and Investigations Lead for Binance In an official press release on Thursday (September 30, 2021), Binance announced that Tigran Gambaryan will be the company’s new VP of Global Intelligence and Investigations. Gambaryan’s hire comes after working 10 years as a Special Agent with the US Internal Revenue...

According to JPMorgan, many investors are trading their bitcoin in for Ethereum. JPMorgan: Ethereum’s Stature Is Growing The world’s number one digital currency by market cap has suffered as of late thanks to additional actions taken by China, which seems to be hellbent on removing bitcoin from every corner. After recently announcing that all transactions and activities relating to digital currency were outlawed, the currency fell by about $2,000, dipping from $44,000...

ETH/USD – Ether Remains Inside Established Range Key Support Levels: $2890, $2710, $2620.Key Resistance Levels: $3000, $3200, $3300. Etheruem continues to trade inside the range it set around ten days ago between $3200 and support at $2770 (.786 Fib). A 100-day MA further bolsters the support at the bottom end of the range. Yesterday, ETH found the support at $2800 and rebounded higher from there today as it spikes above $3000. The market will need to break this established...

The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on the Chicago Mercantile Exchange under the 1940 Investment Company Act. He disclosed that the Investment Act of 1940...

Phaeton, a blockchain-cantered service company that offers sustainable investment options, launched its IEO on September 18. Within 24-hours of the IEO, the project raised $1.5 million US dollars indicating a considerable demand in such a new blockchain technology service firm. Phase 1 of Phaeton’s IEO is currently live on two Crypto Exchanges, namely P2PB2B and LAToken. Here, users can buy the native token PHAE that plays a critical role in the Phaeton ecosystem. After...

EOS price extended its decline and traded below $3.80 against the US Dollar. The price is now trading well below $4.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3.95 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $4.40 and $4.50 resistance levels. EOS price is trading in a bearish zone below $4.00 against the US Dollar, similar...

Litecoin price declined heavily below $165 and tested $155 against the US Dollar. LTC price is now trading below $160 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $148 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $155 resistance to start a decent recovery in the near term. Litecoin price is recovering losses from $140 against the US Dollar, similar to...

[PRESS RELEASE – London, United Kingdom, 29th September 2021] Native Network Shift To Precede Testnet Trials Of New Offerings – Polkadex, the fully decentralized peer-to-peer orderbook-based cryptocurrency exchange for the DeFi market, is set to roll out its mainnet release in September 29th, 2021. By design, Polkadex is an expansive project, consisting of several innovative solutions built on the Polkadex blockchain. In this case, ‘mainnet’ refers to the main chain upon...