British banking giant Standard Chartered is the latest to join the Enterprise Ethereum Alliance (EEA), a member-led organization that aims to advance enterprise blockchain deployments leveraging Ethereum-based technol…
Support: 8.217 (21-EMA); Resistance: 9.031 (55-EMA)
Russia is currently planning to create a regulatory framework that would protect the country from the proliferating crimes that are committed in cyberspace.
The United States Customs and Border Protection (CBP) will be using blockchain technology for tracking oil imports from Canada.
Support: 0.2664 (Daily cloud); Resistance: 0.2850 (55-EMA)
The crypto-friendly Silvergate Bank managed to get the go-ahead from the SEC to launch its initial public offering, with each share valued at $12.
A blockchain alliance has been struck between the Shanghai Municipal Commission of Commerce, Shanghai Customs, and six other banks that aims to streamline the custom department’s operation.
Leading crypto exchange Bithumb unveiled its new blockchain platform at its first Bithumb Family Conference in Seoul on Nov. 6.
Support: 57.91 (50-DMA); Resistance: 65.26 (cloud top)
AAX is now live after nearly two years of development offering spot, futures and over-the-counter peer-to-peer trading after the SFC released a new regulation concerning crypto futures contracts.
Digital travel company Webjet has announced the launch of a blockchain platform that will enable users to eliminate discrepancies in hotel bookings.
Support: 183.07 (21-EMA); Resistance: 192.09 (110-EMA)
Tassat Derivatives has acquired swap execution facility (SEF) registration with the U.S. Commodity Futures Trading Commission (CFTC).
Coinbase just announced that it will be incentivizing people with a 5% annual reward by simply holding Tezos.
Sky Mavis, a Vietnamese blockchain game developer and creator of Axie Infinity, has raised around $1.5 million in a fundraising round led by game developer and publisher Animoca Brands.
Support: 9187.99 (200-DMA); Resistance: 9574.89 (100-DMA)
The People’s Bank of China (PBoC) and the Shanghai commerce commission essentially reiterated Xi Jinping’s stance on blockchain technology and its importance in the country’s digital evolution.
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
Blockchain startup Ripple has announced that it has surpassed 300 customers while registering 10x year-over-year growth in transactions on its global payments network RippleNet.
Support: 0.2781 (50-DMA); Resistance: 0.3242 (200-DMA)
Singapore-based DBS Bank and commodity trading company Trafigura are collaborating with Infocomm Media Development Authority (IMDA) to develop an open-sourced blockchain trade platform.
Support: 58.80 (21-EMA); Resistance: 65.26 (cloud top)
Ukraine and crypto exchange Binance are trying to create a crypto regulation that will help foster the growth of the country’s economy by appealing to global investors.
Open source public blockchain project Nervos Network has announced the launch of its mainnet after it raised $72 million in a token sale.
Square Cash App is now charging a fee for Bitcoin transactions, explaining that the reason behind the decision is to provide users with more transparency.
The European Union will be conducting a meeting tomorrow aimed at regulating Libra and other stablecoins, essentially putting up the foundation of the regulatory framework that would govern this space in the future.
Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is setting up a new blockchain consortium focused on developing next-gen financial transaction service.
Support: 1.0403 (100-DMA); Resistance: 1.1433 (200-DMA)
The EU has once again maintained its stance against Libra saying that the stablecoin is far too vague to be given the go-ahead to operate within its borders.
Support: 9169.23 (200-DMA); Resistance: 9584.38 (100-DMA)
Global multi-asset investment platform eToro has acquired crypto portfolio tracker app Delta for an undisclosed amount.
Azerbaijan’s blockchain-based ID system will reportedly be completed by the end of 2019 and will be adopted in 2020, which will help credit firms manage personal data of its clients.
Singaporean fintech startup Xfers is launching a pilot stablecoin initiative powered by Zilliqa blockchain platform.
Support: 183.07 (21-EMA); Resistance: 192.09 (110-EMA)
Hong Kong has recently bolstered its crypto regulation, releasing a position paper that requires crypto exchanges to acquire an SFC license if they’re offering trading services in security tokens.
Hong Kong just launched a massive event this week that will explore initiatives like AI and digital ledger technology aimed at helping the fintech ecosystem grow.
North Korea, which has been accused of crypto theft in the past, reportedly used a Hong Kong-based blockchain firm to carry out money laundering activities.
The Responsible Sourcing Blockchain Network (RSBN) has successfully completed a pilot project and is now targeting to go live in spring 2020.
Major Cryptocurrency Daily Trend/ Technical Outlook
