Latest news — Page 1297

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.

ACINQ, one of the three main Lightning Network development firms, has secured $8 million in a Series A led by Idinvest Partners, with participation from Serena and Bpifrance, state-owned French investment firm.

Support: 56.64 (5-DMA); Resistance: 59.69 (21-EMA)

Instant messaging app Telegram has finally acknowledged its involvement in the Telegram Open Network (TON) blockchain in public, as it mentioned both TON and GRAMS, the platform’s native token, in the terms of service…

Support: 0.2716 (55-EMA); Resistance: 0.2863 (cloud top)

KB Kookmin Bank, one of the four biggest South Korean banks by asset value, revealed that it plans to integrate blockchain technology into its internal processes. The announcement was made at the Enterprise Ethereum a…

The Securities and Futures Commission (SFC) of Hong Kong has officially released regulations for crypto fund managers.

Support: 177.70 (5-DMA); Resistance: 189.52 (55-EMA)

Support: 8103 (5-DMA); Resistance: 8564 (20-DMA)

European Union’s financial services commissioner Valdis Dombrovskis revealed his plans to create a new regulatory framework for cryptocurrencies, particularly Facebook’s Libra stablecoin.

Hyundai Digital Access Currency (Hdac) is reportedly planning to set up a $10 million fund to invest in blockchain.

The number of investigations conducted by the U.K.’s financial regulatory body, the Financial Conduct Authority (FCA), has seen a sharp increase in the last year.

CoinFLEX, a Seychelles-based firm launched earlier this year, is offering derivatives that payout based on the possibility Libra will launch by the end of 2020.

Microsoft and Intel are supporting a new system of reward tokens created by the Enterprise Ethereum Alliance (EEA) to incentivize groups of companies.

Jennifer Robertson, the widow of QuadrigaCX’s founder Gerald Cotton, is returning about CAD $12 million ($9 million) of assets to EY Canada, the firm’s bankruptcy trustee, as part of a voluntary settlement.

Renowned cybersecurity expert and cryptocurrency enthusiast John McAfee has rolled out a decentralized exchange (DEX) running on the Ethereum blockchain.

Bitfinex, Tether, and others are facing a class-action lawsuit, accusing them of cryptocurrency market manipulation, harming traders, and benefiting themselves.

Encryption startup NuCypher has raised $10.67 million via a simple agreement of future tokens (SAFT) Series 2 sale, ahead of its mainnet launch.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 207.85 (Trendline); Resistance: 245.84 (21-EMA)

Post-trade financial service firm Depository Trust & Clearing Corporation (DTCC) has confirmed that it would delay the launching of its blockchain-based post-trade platform for derivatives by several months, to avoid …

Intercontinental Exchange (ICE), the governing body of the New York Stock Exchange, has carried out the first block trade of Bakkt Bitcoin futures contracts.

Digital payments firm PayPal becomes the first company to withdraw from the Libra Association, the 28-member firm that will oversee Facebook’s upcoming Libra cryptocurrency.

Support: 51.50 (trendline); Resistance: 55.83 (5-DMA)

Support: 152.85 (Trendline); Resistance: 180.11 (21-EMA)

Support: 0.2548 (5-DMA); Resistance: 0.2709 (55-EMA)

Innovative blockchain platform Beowulf has announced a partnership with the National Taiwan Normal University (NTNU), a top tier higher education institution in Taiwan. The partnership focuses on easing the barriers t…

Algorand’s investment arm Algo Capital lost around $1–2 million in Tether stablecoins and Algorand tokens after the mobile phone of its chief technology officer was breached.

Support: 7740 (55W EMA); Resistance: 8058 (5-DMA)

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Two lawmakers urge Fed to mull a digital U.S. dollar; Philly Fed president thinks digital currencies are 'inevitable' Two U.S. congressmen, Rep. French Hill (R-Arkansas) and Rep. Bill Foster (D-Illinois), have asked t…