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Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 0.1500 (Sept 2017 low); Resistance: 0.2289 (5-DMA)

Canaan Creative, a leading bitcoin mining equipment manufacturer, listed its shares on Nasdaq under the ticker symbol “CAN,” priced at $9, on November 22.

The Thai Securities and Exchange Commission (SEC) is seeking to amend the royal decree on digital asset businesses in 2020, Bangkok Post reported.

Support: 36.29 (88.6% Fib); Resistance: 46.69 (5-DMA)

BCB Blockchain signs memorandum of agreement with the Philippines to accelerate blockchain startups, nurture talents, and create smart cities.

The Bavarian government is looking to use blockchain technology to authenticate the validity of a document, an initiative that could penetrate several state agencies if proved successful.

Support: 131.50 (Trendline support); Resistance: 141.35 (78.6% Fib)

Tezos and Tribe – the Singapore government-backed blockchain platform – will be launching a training program in the first quarter of 2020 to mint more professionals in the crypto space.

Thailand’s Trade Policy and Strategy Office (TPSO) has revealed that it is initiating a project to use blockchain technology to monitor agricultural products, starting with organic rice.

ICE has just announced that its Bakkt bitcoin futures contracts will be launching this Dec. 9 in Singapore, a move that’s expected to attract more investors to the crypto space.

Grayscale Investments has announced that it will soon launch the public trading of Grayscale Digital Large Cap Fund (DLC).

Support: 6300 (Channel Base); Resistance: 6868 (110W EMA)

Oman Oil and Orpic Group have successfully executed a trade finance transaction using blockchain technology.

Crypto exchange BISS has reportedly been shut down by Chinese authorities as the country is currently on the path of halting any crypto trading activities to shield its investors from the volatile market.

Fidelity Digital Assets is set to add its first crypto exchange by the end of the year in an attempt to add traditional small players and retail investors into the crypto fold.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

European Commission and EIF launch Blockchain and AI Fund The European Commission (EC) has launched a dedicated EU equity investment fund for artificial intelligence (AI) and blockchain technologies in collaboration w…

The European Commission (EC) has launched a dedicated EU equity investment fund for artificial intelligence (AI) and blockchain technologies in collaboration with the European Investment Fund (EIF).

Binance CEO CEO Changpeng Zhao is defending his crypto exchange after a crypto news outlet published a piece claiming that a Binance office in Beijing has been raided by Chinese authorities.

The government of South Korea is planning to invest 450 billion won (approximately $382 million) over the next six years for the development of blockchain technology, ZDNet Korea reported.

Support: 209.75 (Trendline); Resistance: 236.32 (5-DMA)

Crypto analyst company Chainalysis has let go 39 employees in a bid to boosts its profit margins and protect itself from an unforeseen “economic downturn.”

Cypherpunk Holdings invests $337,500 in Wasabi Wallet’s creator zkSNACKs, resulting in a 4.5% equity, with Cypherpunk head joining zkSNACKs’ board of directors.

Vermont power utility Green Mountain Power (GMP) has partnered with blockchain energy startup LO3 Energy as parts of its efforts to become a 100 percent renewable provider by 2030.

Support: 0.2058 (Sept 24th low); Resistance: 0.2472 (5-DMA)

LG CNS, a subsidiary of electronics giant LG Corporation, has partnered with Ground X, a blockchain subsidiary of internet giant Kakao, to expand the use of blockchain technology and implement it across multiple busin…

Support: 155 (Trendline); Resistance: 169.66 (5-DMA)

Bosses of South Korean-based crypto exchanges will be facing jail time if their platform fails to register with the FSC, while legislators also loosen some regulations on the nascent market.

Open-source collaborative blockchain project Hyperledger has announced the addition of eight new members to its cohort.

Support: 7174 (50W MA); Resistance: 7922 (5-DMA)

Franklin Investment Firm has partnered with crypto wallet provider Curv for the tokenization of its fund’s share in a bid to bolster trust between the company and its clients.

In a bid to stay ahead in the blockchain race, the Dubai Future Council has launched the Dubai Blockchain Policy that will oversee the tech’s adoption in the next 50 years.

By Greg Forst, Director of Marketing at Factom Protocol – an open source, enterprise grade, developer friendly, ready-to-use platform to efficiently build blockchain solutions, utilized by the U.S. Department of Homel…

The decentralized communication network pioneer, Beowulf Blockchain, has announced a strategic partnership with Binh Duong University. Under this partnership, Beowulf will help strengthen the academic quality of the u…

Newly launched American cryptocurrency exchange Binance.US has partnered with Tagomi, an institutional investor-focused crypto brokerage, to provide liquidity for its cross-exchange trading platform.

The People’s Bank of China (PBoC) is reportedly seeking to set industry standards across the financial sector to guide the application of new and cutting-edge technologies.

Support: 0.2058 (Sept 24 low); Resistance: 0.2521 (5-DMA)