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Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 214.15 (Lower BB); Resistance: 236.18 (21-EMA)

The Italian Banking Association (ABI) has announced that Spunta Project, a blockchain-based application for interbank reconciliations, has successfully completed technical tests.

DeltaTrak, a leading innovator of cold chain management and temperature monitoring solutions, has joined IBM Food Trust.

Digital asset management fund Grayscale Investment has secured regulatory approval from the U.S. Financial Industry Regulatory Authority (FINRA) to publicly quote the shares of its diversified cryptocurrency fund.

Support: 51.60 (Trendline); Resistance: 58.27 (21-EMA)

After seeing a number of departures, the Libra Association charter has signed a total of 21 organizations.

Blockchain startup Ripple has announced that it is leading an investment round in Mexican cryptocurrency exchange Bitso.

Support: 7.936 (200H SMA); Resistance: 8.235 (21-EMA)

Binance, the world’s largest cryptocurrency exchange by trading volume, has teamed up with Swiss fintech firm Amun to launch a new exchange traded product (ETP) with Binance’s native token, BNB, as the underlying asset.

UK-based tokenization startup Smartlands has announced that it is working with IIP Securities, a FINRA-licenced broker-dealer, to bring its security token crowdfunding model to accredited US investors, CoinDesk reported.

Support: 182.95 (21-EMA); Resistance: 188.84 (55-EMA)

Paxos Trust Company, a New York-based exchange and stablecoin operator, has announced the expansion of its product platform with the launch of a Settlement Affirmation service.

Support: 8238 (2H 200 SMA); Resistance: 8522 (21-EMA)

South Korean social media platform Cywork abruptly shut down its services on Oct. 1 without any prior notice, according to a report by The Korea Times. Now, investors of its crypto-asset “Clink” are alarmed as the for…

European digital asset investment firm CoinShares, along with leading crypto wallet Blockchain and MKS (Switzerland) SA, part of precious metal company MKS PAMP GROUP, has launched the DGLD – a network for digital gol…

Canadian messaging app Kik said it is “here to stay,” after it previously announced that it plans to shut down amid legal problems.

Foreign exchange company FXCM Group announced the introduction of cryptocurrency baskets to its retail investors.

Leading automakers, including the likes of BMW, Ford, GM, Groupe Renault, and Honda, are developing a multi-stakeholder Proof of Concept (PoC) for a blockchain-based Vehicle Identity (VID).

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 52.45 (Trendline); Resistance: 58.62 (21-EMA)

As it appears, the struggles and regulatory challenges faced by Facebook’s ambitious crypto project Libra are far from over.

Financial Stability Board (FSB) Chair Randal K. Quarles has highlighted the challenges posed by global stablecoin to the regulatory community in a letter to G20 Finance Ministers and Central Bank Governors.

Support: 0.26762 (21-EMA); Resistance: 0.3215 (38.2% Fib)

Support: 178.70 (2H 200 SMA); Resistance: 198.48 (110-EMA)

The U.S. Internal Revenue Services (IRS) has added a question about cryptocurrencies in its updated 1040 income tax form for the coming tax season.

The Securities and Exchange Commission (SEC), the Financial Crimes Enforcement Network (FinCEN), and the Commodity Futures Trading Commission (CFTC) have issued a three-party joint statement on cryptocurrency.

Crypto Valley Association (CVA), a government-supported Swiss blockchain and crypto advocacy group, has become the latest organisation to join the International Digital Asset Exchange Association (IDAXA).

BOX Exchange, a national securities exchange registered with the United States Securities and Exchange Commission (SEC), is seeking to launch a regulated security token exchange.

Support: 8278 (200H SMA); Resistance: 8539 (21-EMA)

Marco Polo, a blockchain-based trade finance network with over 20 global banks on board, will pilot its first trading arrangement between Germany and Russia.

Cryptocurrency exchange Coinbase is securing a new foothold in Europe after it obtained an e-money license from the Central Bank of Ireland.

The World Federation of Exchanges (WFE), the global industry association for exchanges and clearing houses, has asked UK’s Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors.

Telegram is likely postponing the launch of its own cryptocurrency on the Telegram Open Network (TON) after it was ordered to be halted by the U.S. Securities and Exchange Commission (SEC) for “unlawful” token sale in…

Mastercard, Visa, eBay, Stripe, and Mercado Pago have all followed the steps of PayPal, withdrawing their support from Facebook’s Libra Association.

Major Cryptocurrency Daily Trend/ Technical Outlook

'Ether is a commodity', says CFTC chairman Heath Tarbert Commodity Futures Trading Commission (CFTC)’s chairman Heath Tarbert said he views Ethereum’s ether as a commodity, similar to bitcoin. “We’ve been very clear o…

Major Cryptocurrency Intraday Support Resistance Levels