Canadian blockchain companies want to know the stance of the government on cryptocurrency and blockchain, according to a report by the Canadian Digital Chamber of Commerce (CDCC).
Leading cryptocurrency exchange Coinbase has announced the launch of a mobile app for its professional trading platform, Coinbase Pro.
Support: 0.2632 (21-EMA); Resistance: 0.2826 (cloud top)
Juno has secured $3 million seed round to develop a platform leveraging cryptocurrencies and Ethereum protocols to offer “neo banking” services such as high-yield savings and debit cards.
MouseBelt, a full-service blockchain accelerator and startup studio, has announced a new initiative to encourage blockchain innovation through education.
Commodity Futures Trading Commission (CFTC)’s chairman Heath Tarbert said he views Ethereum’s ether as a commodity, similar to bitcoin.
Support: 51.50 (trendline); Resistance: 59.39 (21-EMA)
A New York judge has denied the request of the New York Attorney General (NYAG)’s office to make Bitfinex and Tether compile documents related to their alleged $850 million cover-up and $900 million line of credit.
InfiniGold, a precious metals digitisation company, has launched a digital token on a public blockchain backed by government guaranteed gold.
Support: 183.44 (21-EMA); Resistance: 199.58 (110-EMA)
Mutual funds giant Vanguard has entered into a partnership with Nasdaq Ventures-backed blockchain startup Symbiont to create a trading platform for the $6 trillion currency market.
ICONLOOP, a blockchain-focused company headquartered in Seoul, has secured KRW 10 billion (over $8 million) in Series A funding round led by the Venture Investment Center at Korea Technology Finance Corporation.
Support: 8438 (20-DMA); Resistance: 8656 (200-DMA)
Venture studio Consensys has granted $175,000 to support seven Ethereum-based projects.
A number of blockchain companies and non-profit organizations are teaming up to work on “an alternative to Facebook’s Libra.”
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
The Libra Association, the governing body of Facebook’s planned cryptocurrency Libra, lost its head of product within five months, a report from Cointelegraph has revealed.
Support: 54.00 (Trendline); Resistance: 60.10 (21-EMA)
B2C2, a UK-based Crypto liquidity and OTC provider, has launched a gold derivatives product, which is priced and settled in bitcoin, according to The Block.
Blockchain startup Ripple has announced its partnership with fintech company Finastra aimed at facilitating faster cross-border payments.
The U.S. Internal Revenue Services has released new guidance in the form of a Revenue Ruling for tax reporting on cryptocurrency airdrops and hard forks.
The United States Securities and Exchange Commission (SEC) has rejected the bitcoin exchange-traded fund (ETF) proposal filed by Bitwise Asset Management.
Support: 0.27210 (55-EMA); Resistance: 0.29375 (110-EMA)
Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee this month to defend the Libra cryptocurrency.
Cryptocurrency exchange Bitstamp has announced that crypto custodian BitGo will provide secure storage for the crypto assets under its management.
The Bank of England has called for “highest standards of resilience” and “appropriate supervisory oversight” for Facebook’s Libra cryptocurrency project before it launches in the UK.
Support: 57.47 (5-DMA); Resistance: 59.80 (21-EMA)
Support: 190.13 (55-EMA); Resistance: 199.82 (110-EMA)
Bauwens Group, one of Germany's leading real estate project developers, has acquired 15 percent shares of Fundament Group, a Berlin-based blockchain firm that issues real estate security token on the ethereum blockchain.
The United Nations Children’s Fund (UNICEF) has launched a cryptocurrency fund and is accepting donations in bitcoin (BTC) and ether (ETH).
The Swiss National Bank (SNB), Switzerland’s central bank, is working with the country’s stock exchange operator SIX Group to determine the possible use of digital currencies in trading.
Switzerland’s banking giant UBS has started executing transactions on we.trade blockchain platform for trade finance, which will soon be adopted by other member banks.
Support: 8508 (20-DMA); Resistance: 8633 (200-DMA)
Lawmakers are starting to pressure members of the Libra Association to reconsider their involvement in the Facebook-led Libra cryptocurrency project.
Major Cryptocurrency Daily Trend/ Technical Outlook
Major Cryptocurrency Intraday Support Resistance Levels
Support: 0.0167 (55-EMA); Resistance: 0.0186 (23.6% Fib)
Bitcoin’s descend will be very well supported around 7,000 and most likely recover soon to its 2019 high by year-end against the U.S. dollar on higher demand from institutional players, an FxWirePro survey showed.
Bitfinex is holding on to its documents amid objects from the New York Attorney General’s office.
