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Социальные сети Ethereum Price Analysis: Will ETH’s Sideways Action End By a Huge Move?

After reaching a high of $2030 on August 14, Ethereum’s price began a corrective wave, forming a descending channel – as shown in blue on the following chart. The bottom of this channel, combined with the 200-week moving average line (in yellow), acted as support and prevented the price from dropping further. This resulted in […] Kenyan Central Bank Raises Key Rate by 75 Basis Points

The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures Following its […] MANA is falling, but investors must know this before they consider getting out

Decentraland's MANA, the native token that fuels the Ethereum blockchain-powered virtual world where users can create, experience, and monetize content and applications, has declined by 75% over the lThe post MANA is falling, but investors must know this before they consider getting out appeared first on AMBCrypto. Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies

Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed […] A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge

With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask. Accessing the ETHW Network via Metamask’s Network Settings 16 days ago, Ethereum transitioned […] India Freezes More Crypto Including Bitcoin and Tether as Investigation Involving Binance and Wazirx Deepens

India’s Directorate of Enforcement (ED) says it has frozen more cryptocurrencies, including bitcoin, tether, and the Wazirx token. The action is part of its investigation of the mobile gaming app E-nuggets. In its latest announcement, the ED revealed that nearly 86 bitcoins found at crypto exchange Binance were frozen. Indian Authority Freezes More Cryptocurrencies: Bitcoin, […] US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency

A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender under section 16 5103 of title 31, […] SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme

The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC. SEC Charges 2 Firms in Crypto Pump-and-Dump Case The U.S. Securities and Exchange […] Ripple: Private Jet Charter, TapJets Rises in Support As Lawsuit Takes Interesting Turn With More Amicus Briefs Surfacing

According to the update shared by former federal prosecutor, James K.filan, TapJets, a private jet charter company, has requested to file an amicus brief in support of Ripple. TapJets accepts XRP in exchange for its services. TapJets makes a persuasive argument that the acceptance of XRP as payment for services is vital. Likewise today, Philippines-based […] The post Ripple: Private Jet Charter, TapJets Rises in Support As Lawsuit Takes Interesting Turn With More Amicus Briefs Surfacing appeared first on Latest Crypto News. Ripple: Private Jet Charter, TapJets Rises in Support As Lawsuit Takes Interesting Turn With More Amicus Briefs Surfacing was first posted on September 30, 2022 at 1:36 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at Binance Receives Regulatory Approval in New Zealand

Binance, the world’s largest cryptocurrency exchange, has obtained a registration license from New Zealand authorities and established a local entity in the country. The most recent development is consistent with Binance’s ongoing efforts to expand its services globally. Kia Ora, New Zealand! ?? We’re pleased to announce that #Binance has successfully registered as a Financial […] The post Binance Receives Regulatory Approval in New Zealand appeared first on Latest Crypto News. Binance Receives Regulatory Approval in New Zealand was first posted on September 30, 2022 at 5:27 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at VeChain Foundation Has $535 Million in Cryptocurrency Reserves

The VeChain Foundation has released its financial report for the second quarter of 2022. VeChain reports $535 million in $BTC, $ETH, $VET, and stablecoin reserves in the report. “The global economy has continued to face considerable headwinds this year. However, the VeChain Foundation has been fortunate enough to be in a leading position with regards […] The post VeChain Foundation Has $535 Million in Cryptocurrency Reserves appeared first on Latest Crypto News. VeChain Foundation Has $535 Million in Cryptocurrency Reserves was first posted on September 30, 2022 at 5:57 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at Next Stop for Bitcoin Might Be $13,000 Says Wolfe Research, Analysts Weigh BTC’s Next Move

With frequent drops to unexpected lows, Bitcoin has been caught in the crossfire between the bulls and the bears. Many analysts think the lead cryptocurrency is bottoming out, given the dismal market situation. However, other researchers think there is still an opportunity for bitcoin to decline. Wolfe Research claims that rising rates are destroying interest […] The post Next Stop for Bitcoin Might Be $13,000 Says Wolfe Research, Analysts Weigh BTC’s Next Move appeared first on Latest Crypto News. Next Stop for Bitcoin Might Be $13,000 Says Wolfe Research, Analysts Weigh BTC’s Next Move was first posted on September 30, 2022 at 6:03 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at Indian Law Enforcement Agency Confiscated $1.2 Million In A Scam

India’s financial watchdog, Enforcement Directorate (ED), confiscated $1.2 million in an investigation of a fraud scheme relying on an App-based token, HPZ. Per an official press release published on September 29, several apps offered users to buy the HPZ tokens to have higher returns. And the investigations revealed that the “Chinese-controlled entities” were behind the […] Web3 and Crypto Checking Account Startup Juno Raises $18M, Airdrops Reward Token JCOIN

Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors. Juno Raises $18 Million in a Funding Round Led […] Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector. Lawmakers in Kazakhstan Submit Crypto Mining Law, Seek to Curb ‘Gray’ Mining […] Crypto Wallet MetaMask Introduces New Portfolio Manager Dapp

Popular crypto wallet MetaMask has introduced a new dapp that lets users check and manage their entire portfolio at once. Crypto Wallet MetaMask Has Launched A Beta Portfolio Dapp As announced by the wallet in a blogpost, the new decentralized app (dapp) helps users monitor both their cryptocurrency and non-fungible token portfolios. MetaMask is one […] Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated […] Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners in Kazakhstan to Source Energy From the Russian Federation Crypto mining enterprises operating in […] Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was accurate. The consensus of the cryptocurrency market predicts a 20% increase in MATIC prices before the month ends, as reported by CoinMarketCap’s price prediction metrics. This fairly optimistic forecast from the community suggests a high level of faith in both the token and the ecosystem. Good news has recently hit the Polygon community thanks to a tweet from the official Polygon Twitter account announcing a new collaboration with the trading platform Robinhood. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price? Will Robinhood Team-Up Bring Good Results? The tweet suggests that Robinhood has teamed up with Polygon to offer a bitcoin wallet service. FThe Robinhood Wallet app is built with DeFi in mind. According to Polygon’s blog post, the Robinhood Wallet is a self-custody wallet, meaning that its owner has complete discretion over their cryptocurrency holdings. Robinhood has made other forays into the cryptocurrency market, so this isn’t their first venture. From its inception in 2018, it has been actively involved in the crypto industry, with Bitcoin and Ethereum being the first coins to be freely traded on the platform at no cost to traders. The change began in a select number of states. By 2021, the trade of crypto assets has expanded across the whole United States, with the exception of Hawaii and Nevada. The trading platform supports 11 cryptocurrencies, including Bitcoin and Ethereum. It also facilitates the trading of alternative cryptocurrencies, similar to Polygon’s MATIC token. With over 37,000 decentralized applications available on Polygon’s platform, it will undoubtedly aid Robinhood’s most ambitious cryptocurrency endeavor. But how did investors and traders of Polygon respond to the news? Rally In The Offing For Crypto? As of this writing, MATIC is trading at $$0.778741, down 0.1 percent in the last seven days, data from Coingecko show, Saturday. Currently, the token trades between the 50 Fib level ($0.6876) and the 61.80 Fib level ($0.7761). The present support line lies at $0.7252, which is essential because this will be the support line the bulls can rely on if things go south. If the price reaches the 61.80 Fib level again, we can expect a slight correction if there is sufficient buy demand. Investor confidence is high as Polygon presses forward with its Robinhood relationship, given the community projection of a near 20% price increase. Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? MATIC total market cap at $6.8 billion on the daily chart | Source: Featured image from VOI, Chart: Solana Network Suffers Another Outage — Cyber Capital Founder Says Downtime Is ‘Another Consequence of Bad Design’

The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the […] Unsurprisingly, Bitcoin and Ethereum Hold Support With Little Price Action This Weekend

The weekly pattern for crypto markets continues. After slight volatility this week, with Bitcoin holding at $19k and Ethereum staying above $1,300, the trading volume and price action drop dramatically this weekend as the market decides to lay low. Key Points: The global cryptocurrency market remains in the bearish territory with dropping volume and a valuation below $1 trillion. Bitcoin’s fear and greed index are at 20 points, signaling extreme fear this Saturday. The dropping trading volume suggests a low volume pullback technical correction likely to last until Monday. The long-term potential for Bitcoin, Ethereum, and crypto markets remains bullish, The post Unsurprisingly, Bitcoin and Ethereum Hold Support With Little Price Action This Weekend appeared first on The Merkle News. Ethereum Classic (ETC) Sheds 30% In Last 2 Weeks – More Pain Ahead?

Ethereum Classic (ETC) has been in the clutch of the bears as it has shaved off as much as 30% in the past two weeks.  Ethereum Classic price down 30% in the past two weeks ETC trading at $27.69 as of press time ETC’s downturn opens up opportunities for short-term positions ETC has dropped below the $33.9 zone barely two weeks ago and it seems Bitcoin is suffering the same fate as it failed to barrel past the key resistance of $19.7k. The selling pressure has been intermittently high in the crypto market.  Coming from the larger Ethereum, ETC is predominantly viewed as secure as it is designed to alleviate key problems encountered with the larger or main token Ethereum, especially in line with amplifying speed and lowering fees.  In fact, Ethereum Classic has evolved to be one of the most trusted and largest smart contract platforms as it is dubbed to be a valuable long-term investment to beef up and diversify one’s portfolio.  Related Reading: ApeCoin Performance Could Attract The Whales – How About The Bulls? Ethereum Classic Price Seeing Bearish Pressure According to CoinMarketCap, ETC price has plunged by 1.01% or trading at $27.69 as of press time. At this point, a bearish block is seen close to the $30 level. A climb by 8% will prove to invalidate the bearish outlook of ETC. Traders should wait awhile for a price jump before entering any short position at the $27 to $29 range, which is considerably near $30.54, the key support zone. Chart: Judging by the daily and 12-hour timeframe, ETC is looking predominantly bearish with waves of lower highs and lower lows observed in the past couple of weeks. With that in mind, traders of ETC can trade in sync with this trend and wait for any selling opportunities.  Ethereum Classic’s RSI is below the 50 zone which has also been revisited as a resistance.  Hence, the RSI depicts a downtrend. OBV also validates that sellers are dominating the market with lower highs seen for about three weeks so far hinting at a high selling volume.  With this trend, ETC short sellers can rake in profit somewhere along the key support levels of $26.9 and $24.5. Now, a jump above the $30.7 zone can pump up a stop-loss order.  ETC Social Metrics Down Since August 2022 Ethereum Classic had its strongest troughs in July, especially in terms of social metrics which is higher compared to September figures. Apparently, the social metrics of ETC such as engagement have dropped since August which also triggered a price drop.  On the other hand, the uptick in Ethereum Classic’s development activities in August has improved social metrics for ETC. Despite the price decline, ETC is recovering in terms of social dominance which is a good place to start. The downturn of ETC is said to be brought about by the bleeding of BTC as the king of cryptocurrencies wallows under the key resistance of $19.7.  In order to recover, Bitcoin will have to rise above the $20.7k zone and then flip it favorably to a support zone. From a technical view, ETC’s vertigo is opening up opportunities for short-term positions.  Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally ETC total market cap at $3.8 billion on the daily chart | Source: Featured image from Forkast, Chart: Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) […] Solana (SOL) Price Nosedives As ‘Ethereum Killer’ Network Suffers Another Outage

Solana network faltered anew, as the crypto space’s “Ethereum Killer” goes offline courtesy of faulty mechanics in its system. Just this September, co-founder Anatoly Yakovenko admitted during an interview that the outages which continue to plague Solana were the network’s curse. Yakovenko, however, was quick to defend, saying that the downtimes the system experienced could […] Cardano (ADA) Is About To Die and Turn into A ‘Zombiechain,’ Ethereum Maxi Says

Cardano (ADA), the 8th ranked crypto asset in terms of market capitalization, remains in the red as it loses 6.3% of its value in the last seven days. Cardano lost more than 6% of its value for the past week UniSwap surpassed ADA in terms of daily average transactions Positivity remains among crypto enthusiasts for Cardano As of this writing, according to Coingecko, the asset is trading at $0.43 but still remains one of the top 10 digital assets thanks to its market capitalization which stands at almost $14.7 billion. They hefty market cap, however, is not enough to fend off some negative criticisms and projections about the crypto created by the Hong Kong Input-Output (IOHK) led by Ethereum co-founder Charles Hoskinson. In fact, Evan Van Ness, a well-known die-hard fan and Ethereum maximalist, claims the token is already at death’s door and will soon turn into a “zombiechain.” Let’s check in on the $ADA zombiechain 🧟⛓️ Not only does Cardano do less than one transaction per second… Uniswap does substantially more transactions than Cardano — Evan Van Ness 🦇🔊 (@evan_van_ness) September 29, 2022 ADA Losing Steam Aside from his belief that Ethereum is the best crypto out there, Ness has some alarming information regarding Cardano which could spell its immediate future. ADA’s network is currently living at an incredibly low transaction count of less than one per second. That’s lesser than other assets with lower market capitalization. UniSwap, for example, only has $4.9 billion market cap, but is beating Cardano on the seven-day average of daily transactions. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price? Source: Evan Van Ness This is surprising, considering that UniSwap also has significantly higher daily fees count, currently at $1 million, compared to ADA’s $10,000. What Lies Ahead For Cardano While Ness says a lot of negativity towards a crypto asset that was once making breakthroughs, some remain positive about its future. Coin Quora, armed with the results of their price monitoring for Cardano, said the asset will have a bullish run and will close the year with a price of $12. It also predicted that by 2023, its value will increase up to $18. By 2025, however, the crypto, having experienced price corrections, will change hands at significantly lower prices. Analytics Insights place the value of Cardano at $3.81, going as low as $3.68 and as high as $4.38. Both prices are way higher than its current value, $0.43. It remains to be seen if the Ethereum’s maximalist’s claims pack some truth into them, but ADA’s recent performance so far is not helping its case. Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? ADA total market cap at $14.7 billion on the daily chart | Source: Featured image from Cute, Chart: Spanish Soccer League Laliga Partners With Globant to Support New Web3 and Metaverse Initiatives

Laliga, the premier soccer league organization in Spain, has announced a partnership with Globant, an Argentine software giant, to bring Web3 and metaverse experiences to its fans. The partnership will combine Globant’s tech resources with Laliga’s tech division in order to build products to expand the reach of the organization in the digital realm. Laliga […] The RLWC 2021 is Coming Soon, CoinEx Cheers for Athletes as the Exclusive Cryptocurrency Trading Platform Partner

The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular double header at Old Trafford on 19 November. For the first time in tournament history the men’s, women’s and wheelchair competitions will take place at the same time with all 61 matches set to be broadcast live on the BBC, with over 600 players and 32 teams taking part in fixtures across 17 host towns and cities and 21 stadiums across the country including London, Manchester, Newcastle, York, Leeds, Coventry, and Sheffield. This year’s tournament, delayed from 2021 to 2022 due to the Covid-19 pandemic, will be the 16th edition of the Rugby League World Cup and world-renowned crypto exchange Coinex will be cheering on all the teams as the Exclusive Cryptocurrency Trading Platform partner of the tournament Cryptocurrencies are playing an increased role in the sports industry and CoinEx are committed to making crypto trading easier, striving to become a gateway for global crypto users providing easy-to-use crypto products and pleasant, convenient crypto trading experiences. Available in 16 languages, including Chinese, English, Spanish, French, and Portuguese, CoinEx offers products and services that span spot trading, futures contracts, margin trading, mining, AMM, CoinEx Dock, Pledging, etc. The exchange provides easy-to-use, secure, and reliable crypto trading services for over 3 million users across more than 200 countries and regions. Additionally, it features trading sections for BTC, BCH, and stablecoins, as well as 600+ first-rate, innovative cryptos, providing crypto users with more trading options. Over the last year, CoinEx has earned user recognition with easy-to-use products, fast, stable performance, and smooth deposits/withdrawals. CoinEx is now looking forward to witnessing the extraordinary performances of the competitors at RLWC2021 and being part of the biggest, best and most inclusive Rugby League World Cup in history. Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation

The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been “engaging with a number of investors.” Sources Say Uniswap […] Major Bitcoin Price Advance Expected This Month, Analyst Says

Bitcoin, in October last year, registered an average closing price of $58,051. It enters the first day of the same month this year with far less value, trading at $19,358 as of this writing, according to tracking from CoinGecko. Bitcoin is currently trading above the $19,000 mark In October, 2021, Bitcoin traded above the $60K […] Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils

New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target Crypto Services for Russians […] Binance Officially Launches Crypto Exchange in New Zealand Following Regulatory Approval

Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ). Binance Launches Crypto Trading Platform in New Zealand Global crypto exchange Binance announced Friday that it has successfully registered as […]