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Technical Analysis: Bias turning Bullish

Six central banks team up to explore potential cases for CBDCs Six major central banking authorities have teamed up with the Bank for International Settlements (BIS) to look into potential cases for central bank digit…

Ripple CEO Brad Garlinghouse has hinted at the possibility of an initial public offering (IPO) this year, CoinDesk reported

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

In the wake of digital currency initiatives from central banks and even corporates, a group of lawmakers of the Japanese ruling party intend to propose the government to consider issuing its own digital currency, Reut…

In a new report, crypto analytics firm Chainalysis has said that while crypto exchanges are ramping up security measures, hackers are also upping their game.

Tether, the company behind 'USDT' stablecoin, has announced in a press release the launch of a new product called “Tether Gold” (XAU₮), that offers the security of a digital asset pegged to physical gold (XAU).

GMMA Indicator: Major Trend - Neutral; Minor Trend - Bearish

Crypto derivatives exchange ErisX announced in a press release on Thursday that they are partnering with software firm Etale.

The World Economic Forum (WEF) has announced a new blockchain-based supply chain traceability platform.

Support: 51.04 (Cloud top); Resistance: 55.98 (5-DMA)

Liechtenstein's Financial Market Authority (FMA) has approved AARGOS Global Real Estate Fund as an alternative investment fund (AIF), the company announced on its website.

Greece’s supreme court has ruled that the alleged operator of the now-defunct cryptocurrency exchange BTC-e, Alexander Vinnik, will be extradited to France, CoinDesk reported.

Collaborative agribusiness trade modernization initiative Covantis has selected blockchain startup ConsenSys as its lead technology partner.

Crypto exchange Binance announced its support for Number’s mission to create an open, transparent and traceable data system by investing in the blockchain startup.

Support: 156.31 (21-EMA); Resistance: 165.0 (5-DMA)

Indian IT firm Mphasis is working with Israeli blockchain privacy solutions startup QEDIT to bring privacy-enhancing technology solutions on blockchain to enterprises, according to the Press Trust of India.

GMMA Indicator: Major Trend - Bullish; Minor Trend - Bearish

Swiss fintech firm Amun AG has listed an inverse bitcoin exchange-traded product (ETP) on SIX Swiss Stock Exchange, The Block reported.

The World Economic Forum has officially unveiled its CBDC Policy-Maker Toolkit to provide high-level guidance and information for the deployment of central bank digital currencies (CBDCs).

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Four major Belgium-based banks – Belfius, BNP Paribas Fortis, ING Belgium, and KBC – have signed on to use a blockchain application to streamline Know Your Customer (KYC) process.

Dubai Electricity and Water Authority (DEWA) announced in a press release that it has partnered with Siemens in organizing a series of lectures and seminars about blockchain.

Support: 0.2231 (21-EMA); Resistance: 0.2336 (5-DMA)

Live streaming platform SportsCastr has launched its own cryptocurrency called FanChain (FANZ), the company announced on Wednesday.

Hacker Noon has just announced that it deployed its first blockchain-based feature on its publishing platform.

Open-source collaborative blockchain project Hyperledger has announced a new community group that will aim to leverage blockchain technology to achieve the climate goals of the Paris Agreement.

GMMA Indicator: Major Trend - Turning Bullish; Minor Trend - Slightly Bearish

Consulting giant Deloitte has shared its opinion on Facebook’s much-awaited cryptocurrency project Libra in a new report.

The U.S. Patent and Trademark Office granted payments giant Square a patent for a cryptocurrency payment network that allows for seamless real-time crypto-to-fiat transactions, CoinDesk reported.

Crypto Markets bleed in the Asian session today. Major crypto pairs trade in the red. BTC/USD down 1.51% at 8528.66, ETH/USD was down 2.55% at 163.43 and LTC/USD was down 3.12% at 56.28 at 06:15 GMT.

In the latest update on the ongoing legal battle between Kik and the Securities and Exchange Commission (SEC), Kik technical advisor Tanner Philp has been asked to appear for a deposition, CoinDesk reported.

Grayscale Investments has extended its funding for ethereum classic (ETC) developers for another two years, CoinDesk reported.

GMMA Indicator: Major Trend - Bullish; Minor Trend - Turning bearish

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have published a report on the outcomes of a joint Central Bank Digital Currency (CBDC) research project.

The government of Singapore is teaming up with a number of firms across multiple industries to facilitate and accelerate the adoption of digital technologies in trade and commerce.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels