Latest news — Page 553

The Bank of Ghana (BOG) is the latest central bank that is considering issuing a digital currency.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 6.68 (Oct 23 low); Resistance: 9.32 (5-DMA)

South Korean cryptocurrency exchange Upbit has confirmed that it has lost 342,000 ETH (approximately $49 million) from its wallets.

Blockchain platform Zilliqa is teaming up with crypto risk management solutions provider Elliptic in order to boost its infrastructure security and compliance.

Omni Rentals has now shut down its operation a year after it raised $35 million, with its poor business model apparently the reason behind the closure.

Support: 50.671 (5-DMA); Resistance: 53.36 (200H MA)

One of the leading companies in blockchain-based energy trading is bringing its expertise to New Delhi and will launch a pilot program allowing communities to harvest and sell power via peer-to-peer.

Support: 141.35 (78.6% Fib); Resistance: 149.39 (110H EMA)

SettleMint, a Belgium-based enterprise blockchain firm, has announced the launch of its operations in India.

Support: 6600 (May 17 low); Resistance: 7222 (110H EMA)

SBI Investment, a wholly-owned subsidiary of Japanese financial services giant SBI Holdings, has made an investment in Securitize, a compliance platform for digitizing securities on the blockchain.

A U.S. judge has ordered the IRS to narrow down its auditing investigation on William Zietzke but proceeded to throw out the petitioner’s other claims including his right to financial privacy.

South Korea is moving ahead with a bill that will create a legal basis for cryptocurrencies, Korea JoongAng Daily reported.

Red Cross will be rolling out its blockchain-backed ‘local currency’ to struggling areas in Africa in a bid to encourage economic growth and resilience.

BitBay will be delisting Monero out of its listing due to concerns over money laundering activities, with support and trading halted by February next year.

Telegram CEO Pavel Durov has been ordered to give his deposition on January 7 or 8 regarding the case between the messaging app and the SEC.

Matrixport, a Singapore-based crypto startup, has expanding its global footprint with the opening up of its office in Zurich, Switzerland for its European operations, Swissinfo.ch reported.

Crypto payments startup Celo Labs has appointed former U.S. Department of Justice (DOJ) official and bank executive to lead its global regulatory, risk and compliance areas, CoinDesk reported.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Digital remittance company TransferGo is planning to use RippleNet’s On-Demand Liquidity (ODL) that leverages XRP, Ripple’s native token.

Support: 50.631 (5-DMA); Resistance: 54.36 (200H MA)

Thailand is currently working on a pilot program that will use blockchain tech in the oil industry. The project is slated to launch in mid-2020.

CX Technologies, the Israeli company purportedly behind the Estonian cryptocurrency exchange DX.Exchange, has reportedly begun bankruptcy proceedings after a petition was filed by its employees.

BNY Mellon has partnered with Marco Polo to provide its clients with an easier and faster way of conducting trade finance, an endeavor that the bank wants to accelerate.

Tether and Bitfinex are facing a second class-action lawsuit that is similar to the case filed last month that accuses both entities of Bitcoin manipulation.

Support: 45.65 (50H MA); Resistance: 47.64 (110H EMA)

Monash University has just launched a research center that will help spread the understanding and application of the technology to other disciplines like law and medicine.

Swiss blockchain company Lykke has renounced the authorization of the Cyprus Securities and Exchange Commission (CySEC) and surrendered the Cyprus Investment Firm (CIF) License.

Support: 144.98 (50H MA); Resistance: 151.22 (110H EMA)

The Thai Securities and Exchange Commission (SEC) has announced a distributed ledger technology (DLT) pilot project targeted at the corporate bond business.

Ripple has now completed its $50 million pledge to MoneyGram, with the fund used to accelerate the use of the On-Demand Liquidity product used in various territories.

Support: 190.50 (Trendline); Resistance: 226.86 (200H MA)

A Chinese official has revealed that more than 25,000 domestic crypto companies tried to issue their own token, while only 4,000 are focusing their efforts on pure blockchain initiatives.

The central bank of France has recommended adopting blockchain and distributed ledger technologies (DLT)-based solutions and tokenization to facilitate quick and safe cross-border payment solutions.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 0.1500 (Sept 2017 low); Resistance: 0.2289 (5-DMA)