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In this edition of The Daily we feature two countries that want to promote their positions in the cryptocurrency and blockchain world. In the UAE a top banker has stated that keeping up with crypto is crucial to become an international financial hub and in Australia the government is investing in the local industry. Additionally, Coinbase Pro is set to implement changes to trading and fees.
Also Read: Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account
Earlier this week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced the addition of Binance Coin (BNB) as a payment option for PlasmaChain dapps. As it turns out, BNB was just the start of an ERC-20 token deluge, as Loom Network revealed Thursday that it has added support for the top-100 ERC-20 […]
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Abra, an all-in-one cryptocurrency wallet and trading platform, announced Tuesday that it has added native support for Ethereum (ETH), meaning app users can now deposit and withdraw ETH. Native ETH! I don’t think I need to say more but for those that need more, read here: https://t.co/VEJ6E345xZ — Abra (@AbraGlobal) March 13, 2019 According to […]
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Leading into the London open, bitcoin broke through its local support level in a move that seems to be hinting toward a downward continuation:
Figure 1: BTC-USD, Daily Candles, Broken Local Support
So far, our daily candle has yet to close, but it is currently on schedule to close below local support. If we close below this current level, that will mark a new lower low for the first time in about a week and a half. Although that is bearish, the real strong support level lies just below and is outlined in red in the figure above. The $ 3,650 level has been a pivot point for months. We saw a test of that level a few days ago, but it was immediately rejected. However, now we are seeing a relatively widespread and high volume as we drift downward toward our support level.
Twitter CEO and long-time vocal Bitcoin (BTC) supporter Jack Dorsey revealed on Friday that he is now the owner of a Casa Node, a plug-and-play box that allows users to run their own Bitcoin and Lightning Node with no coding experience. Got one of these to play with. Thanks @CasaHODL @jeremyrwelch! pic.twitter.com/XnGqucrQNH — jack (@jack) March […]
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Trust Wallet, a Binance-owned mobile wallet that supports Bitcoin, Ethereum and over 20,000 different Ethereum-based tokens across the ERC-20, ERC-223 and ERC-721 standards, is continuing its efforts to provide support for leading privacy coins with the addition of ZCoin (XZC). Privacy means having the power to make your own choices about how you represent yourself […]
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Enjin (ENJ), Cosmo Coin (COSM), ICON (ICX) and Basic Attention Token (BAT) all surged in Monday trading after images circulated suggesting the Samsung Galaxy S10 will come with built-in support for the Enjin Wallet. First spotted by Asia Crypto Today, the promotional image on tworld.co.kr shows the “Samsung Blockchain Keystore,” which looks to be an implementation […]
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Following Sunday’s sudden rally and retracement, most leading crypto assets have produced sideways consolidation just below the support ranges established during the previous week. The major exceptions to the trend are XRP and ONT, both of which appear to have held above last week’s support zones.
Also Read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months
BTC has traded between approximately $ 3,800 and $ 3,900 since Sunday’s nearly 10% retracement, with current prices sitting at roughly $ 3,800 on Bitstamp and $ 3,900 on Bitfinex.
The price of Theta Token (THETA) has bucked the larger market pull-back and is currently up over 19% on news that UPbit will support its upcoming mainnet swap. UPbit exchange announces support for Theta mainnet swap and Theta Fuel distribution:https://t.co/yciv6mlrxD — Theta Network (Not giving away ETH/BTC) (@Theta_Network) February 25, 2019 Theta’s mainnet is scheduled to […]
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BitTorrent (BTT) took to Twitter on Saturday to tease “something exciting,” likely referring to Ledger wallet support based on the picture of the Ledger Nano S. Something exciting is coming.. 😇 pic.twitter.com/PEWNOU0MXq — BitTorrent Inc. (@BitTorrent) February 23, 2019 While no more details have been released on the matter, the language used in the tweet does […]
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San Francisco-based Coinbase announced on Friday that the Coinbase Wallet, its Ethereum-based wallet, now supports both Bitcoin Cash (BCH) and Litecoin (LTC). Announcing support for Bitcoin Cash (BCH) on Coinbase Wallet!https://t.co/bIIZO1wg7q pic.twitter.com/u3tLxtt2x9 — Coinbase Wallet (@CoinbaseWallet) February 20, 2019 We’re excited to announce support for Litecoin (LTC) on Coinbase Wallet! https://t.co/YMFIhqKa8R pic.twitter.com/Qpboriw9BY — Coinbase Wallet (@CoinbaseWallet) […]
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ChainFront, a cloud-based API-as-a-Service platform that allows developers to build and manage crypto applications with enterprise-level security, announced support for Ripple (XRP) and Ethereum (ETH) on Friday. According to the announcement, developers leveraging ChainFront can now build apps on top of the Ethereum blockchain and XRP ledger with automated management of wallets to improve security. ChainFront’s […]
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On Feb. 15, the Dallas-based mobile gifting company Swych announced it will be accepting cryptocurrencies for payments. Starting next week, instead of using traditional payment processors, Swych users will be able to pay using decentralized digital assets such as BCH, LTC, ETH, BTC, and ETC.
Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations
Lithuania-based CoinGate, a payment gateway for blockchain payments, announced last week that it has added support for Litecoin (LTC) Lightning Network payments, allowing for faster payments with lower fees. 4,500+ Merchants Now Accept Litecoin Lightning Network Payments.⚡️$ ltc $ btc #crypto @CoinGatecom https://t.co/wAlmWIPVoe — Litecoin.com (@LitecoinDotCom) February 9, 2019 According to an accompanying blog post by the Litecoin Foundation, […]
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A social media campaign for positive cryptocurrency regulation in India has passed 100 days with growing support from the community. Despite the ongoing banking restriction imposed by the country’s central bank, local crypto exchanges are reporting increased volumes and optimism about the upcoming regulation.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Friday marks the 100th day of a Twitter campaign for positive cryptocurrency regulation for India. The CEO of local crypto exchange Wazirx, Nischal Shetty, began his campaign on Oct. 31 last year, coinciding with the 10th anniversary of Satoshi’s whitepaper. Each day he tweets to lawmakers urging them to introduce positive regulation for India using hashtags “Indiawantscrypto” and “Isupportcrypto.”
San Francisco-based Coinbase has launched a new update for Coinbase Wallet, its Ethereum-based wallet, adding Bitcoin (BTC) support. We’re excited to launch Bitcoin (BTC) support on Coinbase Wallet! 🎉 https://t.co/201StMYY0v pic.twitter.com/78fwBnifDc — Coinbase Wallet (@CoinbaseWallet) February 5, 2019 According to the announcement, the wallet now supports both newer SegWit addresses and Legacy addresses with backward compatibility in all applications. […]
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Lithuania-based CoinGate, a payment gateway for blockchain payments, announced Friday that it has added support for XRP (XRP), bringing the second-largest cryptocurrency to more than 4,500 merchants. Big news for #XRPcommunity and our merchants alike! We launched native $ XRP support to our customers, meaning #XRP is now accepted as payment at thousands of vendors across […]
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The price of Stellar (XLM) recently breached support at $ 0.10 as the technicals of the now ninth-largest cryptocurrency have begun to breakdown. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain exclusive access to content that’s not available to the average reader, including breaking […]
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After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:
Figure 1: BTC-USD, Daily Candles, Broken Support
Although the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December. Following the stopping action in the low $ 3,000s, the bitcoin market remained coiled for over a month. However, today marks the first break of these levels once marked as support. To illustrate how coiled the market was and how potentially large the following move could be, check out the 3-Day Bollinger Bands (bbands):
By CCN.com: The 24-hour period didn’t see much ultimate change in the Bitcoin price or the other few top cryptocurrencies. Litecoin overtook Stellar, however, following a rebranding earlier this week. Bitcoin Price Poised for a Breakout?: As noted by technical analysts Paul McNeal and Brian Swanny, a breakout in either direction may be imminent after
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