Latest news — Page 556

Galaxy Digital, a digital asset management firm, has launched two bitcoin funds with Bakkt and Fidelity Digital Assets as custodians.

Support: 7952 (55W EMA); Resistance: 8281 (5-DMA)

Fidelity’s crypto arm Fidelity Digital Asset Services (FDAS) has been granted a trust company charter by the New York Department of Financial Services (NYDFS).

TRM Labs has announced that it has acquired more funds from investors including PayPal, bringing the platform’s total amount raised to $5.9 million.

Leading cryptocurrency exchange Gemini has announced the acquisition of acquired Nifty Gateway, a platform for non-fungible tokens (NFTs), by a parent company.

Amid report of a fresh crackdown on cryptocurrency trading activities in China, the official accounts of Binance and Tron have been banned on Weibo, the country’s largest micro-blogging website, last week, Bloomberg r…

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Support: 0.06149 (Cloud base); Resistance: 0.06674 (50-DMA)

Cryptocurrency exchange Binance has announced the early launch of fiat-to-crypto gateway for Turkey in collaboration with regulated payments provider Papara.

The SEC will be revisiting the Bitcoin ETF proposal submitted by Bitwise and NYSE Arca after the regulatory body rejected it last month due to fears of market manipulation.

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded $197,292 to Austin-based blockchain firm Factom to develop a blockchain security system for raw material imports.

Decentralized payment company RadPay has reportedly raised $1.2 million in its series seed round and the money will be allocated for the company’s growth a test program slated to launch in January.

The National Advisory Council has advised FEMA to launch a blockchain-based pilot program for disaster operations that would eliminate fraud and increase aid efficiency.

Support: 209 (Trendline); Resistance: 251.51 (50-DMA)

Boostry, a joint venture company between Nomura and Nomura Research Institute (NRI), has announced the launch of the official webpage of its security token platform, ibet.

Compound Finance, a decentralized finance startup, has successfully raised $25 million in its Series A funding, with the money allocated for the bolstering of its own protocol.

Support: 171.28 (Cloud base); Resistance: 180.77 (50-DMA)

The Indian state of Telangana is going to adopt blockchain technology for issuing academic certificates from Jawaharlal Nehru Technological University Hyderabad (JNTUH), The New Indian Express reported.

Support: 52.59 (Cloud base); Resistance: 57.46 (50-DMA)

Hahn Air has reported that it has flown three passengers using blockchain-powered tickets and is currently exploring ways to apply the innovation on other operations.

SBI Ripple Asia, a joint venture company between financial services giant SBI Holdings and blockchain startup Ripple, in partnership with SBI Remit, an international money transfer service business operator, has launc…

Support: 7952 (55W EMA); Resistance: 8347 (5-DMA)

A U.K.-based financial firm will be catering crypto businesses operating in the U.S., with exception of states that have strict jurisdiction over the nascent industry.

The UK Jurisdiction Taskforce (UKJT), one of the six taskforces of the LawTech Delivery Panel (LTDP), has officially recognized cryptoassets as tradeable property and smart contracts as enforceable agreements under En…

The Criminal Investigation Division at the U.S. Internal Revenue Service (IRS) has turned its attention to the potential tax issues stemming from cryptocurrency kiosks and Bitcoin ATMs, Bloomberg Law reported.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Blockchain.com, a leading provider of bitcoin wallet and blockchain explorer, last week officially announced its own lending desk from Blockchain Markets.

Support: 0.0693 (55-EMA); Resistance: 0.0721 (converged 5-DMA and 21-EMA)

The Finance Ministry of Thailand has signed a memorandum of understanding (MOU) with Krungthai Bank for three blockchain pilot projects, Bangkok Post reported.

Support: 262.73 (4H 200 SMA); Resistance: 268.49 (55-EMA)

Following the endorsement of blockchain technology by Chinese President Xi Jinping, the country has been ramping up efforts to introduce the technology in multiple sectors to improve the efficiency of processes.

Nestlé and Carrefour are expanding the use of blockchain technology to track and trace infant milk products.

Support: 0.2472 (Oct 23 low); Resistance: 0.2626 (5-DMA)

The U.S. Federal Reserve Board last week weighed on the pros and cons of global stablecoins in the November edition of its “Financial Stability Report.”

Support: 57.53 (50-DMA); Resistance: 59.48 (21-EMA)

Following recent reports of bitcoin rewards app Lolli striking a partnership with Alibaba, the shopping behemoth has denied the alliance with the startup.

Support: 7964 (55W EMA); Resistance: 8573 (50-DMA)

Major Cryptocurrency Daily Trend/ Technical Outlook