Latest news — Page 1230

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)

Malta-based cryptocurrency exchange Binance has acquired Indian bitcoin exchange WazirX, allowing Indian users to buy and sell cryptocurrencies with fiat currencies through the Binance Fiat Gateway.

Support: 154.55 (Trendline); Resistance: 176.25 (Cloud base)

TradeStation Group has now launched the TradeStation Crypto, a crypto brokerage platform that caters five of the most popular cryptocurrencies in the world with more to come in the coming months.

Libra is still in development and CFTC Heath Tarbert said it’s too early to classify the stablecoin as there’s still a lot of unanswered questions revolving around the product.

Facebook’s cryptocurrency project Libra has logged more than 30 projects and over 51,000 transactions on the Libra testnet in the last two months.

Shapeshift has introduced a commission-free trading model into the crypto industry that aims to pull traders out of custodial exchanges and bring them over to the non-custodial model.

Support: 50.25 (Sept 26 low); Resistance: 55.94 (5-DMA)

Bitcoin.com has announced a $200 million investment fund in order to foster the bitcoin cash (BCH) ecosystem.

CryptoCompare’s new Exchange Benchmark data has Gemini leading the pack, while Binance fell out of grace due to the hacking incident that occurred in May.

Hackers have apparently taken sensitive information out of GateHub clients, with data ranging from passwords to email addresses to mnemonic phrases and wallet hashes.

Support: 7951 (55W EMA); Resistance: 8194 (5-DMA)

Elliptic Launches the World's First XRP Transaction Monitoring System - Identifies $400M of Illicit Activity in XRP Transactions

The U.S. Federal Reserve is currently compiling data about a possible CBDC amidst requests from U.S. politicians.

The Monetary Authority of Singapore (MAS) is seeking comments on proposed regulation of cryptocurrency derivatives on approved exchanges. The last date to submit comments is Dec. 20.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Three Chinese firms – Shenzhen Hande Financial Technology Holdings Co., Ltd (HDFH), Yillion Bank and Zhongguancun Private Equity & Venture Capital Association (ZVCA) – have initiated a $1 billion blockchain investment…

Support: 0.2200 (Aug 15 low); Resistance: 0.2513 (5-DMA)

Support: 0.2058 (Sept 24 low); Resistance: 0.2555 (5-DMA)

Grayscale has just submitted a filing to the SEC that, if deemed effective, would transform it into the first cryptocurrency reporting company, a change that could attract more accredited investors.

Super SUVs and super cars manufacturer Automobili Lamborghini is using Salesforce Blockchain for authenticating heritage Lamborghini cars in a fast and secure manner.

Regulated capital market platform iSTOX has chalked another win on its side as it successfully acquires $5 million funding from Tokai Tokyo, a company that is deeply entrenched in Japan’s business sector.

The U.S. Financial Crimes Enforcement Network (FinCEN) is clarifying that all stablecoins should follow the anti-money laundering law and no exceptions will be given regardless of what asset is backing it.

Support: 53.36 (Cloud base); Resistance: 56.80 (5-DMA)

Blockchain startup Bison Trails has reportedly acquired $25 million in funding from new and old investors, with the company teasing that it’s going to announce more products next year.

The Saudi British Bank (SABB) and HSBC have announced that they have used blockchain technology for financing an international trade transaction between Saudi Arabia and Bahrain.

Deutsche Börse and Swisscom have announced that they have successfully settled securities transactions with distributed ledger technology (DLT)-based tokenized shares.

Support: 172.92 (cloud base); Resistance: 180.74 (50-DMA)

Einstein Exchange owes its clients CA$16 million but that figure has reportedly vanished as reported by the interim receiver investigating the company.

Galaxy Digital, a digital asset management firm, has launched two bitcoin funds with Bakkt and Fidelity Digital Assets as custodians.

Support: 7952 (55W EMA); Resistance: 8281 (5-DMA)

Fidelity’s crypto arm Fidelity Digital Asset Services (FDAS) has been granted a trust company charter by the New York Department of Financial Services (NYDFS).