Ethereum Classic (ETC) has had an impressive run up for the past few days but the price is now at risk of falling below $ 14. The 4H chart above for ETC/USD shows that the price has now formed two candles on the 4H chart above the 10 EMA. However, Wave Trend analysis and RSI profile point to an imminent fall in the days ahead. It will not be easy though as the price will have to break the critical 21 EMA support in order to fall.
Hacker. Educator. Successful businesswoman. Yi-Ting Cheng, better known as Xdite, shocked the broader cryptocurrency world when she announced her campaign for Mayor of Taipei City, the capital of Taiwan. The native of China is taking a big risk by offering herself up for political leadership, but, then again, as her exclusive interview with Humans of Bitcoin examines, she’s all about challenging herself.
Also read: Bitcoin in Brief Tuesday: The Tax Man Effect
How many central banks are actually considering their own version of cryptocurrency is unclear, Russia and Venezuela being the most infamous examples. To perhaps ward off serious consideration from more established economies, the Bank for International Settlements (BIS), the world’s central bank to central bankers, is suggesting state-backed crypto might destabilize commercial banks’ customer deposits, negatively impacting the “efficiency of financial intermediation.”
**On today’s episode of The Cryptoverse:**
We’ll check in on the progress towards Segwit lock in, and if you are still sat on the sidelines when it comes to cryptocurrency, the European Union explores a plan to freeze customers accounts at failing banks.
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