Latest news — Page 560

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Blockchain startup Ripple has announced that it has surpassed 300 customers while registering 10x year-over-year growth in transactions on its global payments network RippleNet.

Support: 0.2781 (50-DMA); Resistance: 0.3242 (200-DMA)

Singapore-based DBS Bank and commodity trading company Trafigura are collaborating with Infocomm Media Development Authority (IMDA) to develop an open-sourced blockchain trade platform.

Support: 58.80 (21-EMA); Resistance: 65.26 (cloud top)

Ukraine and crypto exchange Binance are trying to create a crypto regulation that will help foster the growth of the country’s economy by appealing to global investors.

Open source public blockchain project Nervos Network has announced the launch of its mainnet after it raised $72 million in a token sale.

Square Cash App is now charging a fee for Bitcoin transactions, explaining that the reason behind the decision is to provide users with more transparency.

The European Union will be conducting a meeting tomorrow aimed at regulating Libra and other stablecoins, essentially putting up the foundation of the regulatory framework that would govern this space in the future.

Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) is setting up a new blockchain consortium focused on developing next-gen financial transaction service.

Support: 1.0403 (100-DMA); Resistance: 1.1433 (200-DMA)

The EU has once again maintained its stance against Libra saying that the stablecoin is far too vague to be given the go-ahead to operate within its borders.

Support: 9169.23 (200-DMA); Resistance: 9584.38 (100-DMA)

Global multi-asset investment platform eToro has acquired crypto portfolio tracker app Delta for an undisclosed amount.

Azerbaijan’s blockchain-based ID system will reportedly be completed by the end of 2019 and will be adopted in 2020, which will help credit firms manage personal data of its clients.

Singaporean fintech startup Xfers is launching a pilot stablecoin initiative powered by Zilliqa blockchain platform.

Support: 183.07 (21-EMA); Resistance: 192.09 (110-EMA)

Hong Kong has recently bolstered its crypto regulation, releasing a position paper that requires crypto exchanges to acquire an SFC license if they’re offering trading services in security tokens.

Hong Kong just launched a massive event this week that will explore initiatives like AI and digital ledger technology aimed at helping the fintech ecosystem grow.

North Korea, which has been accused of crypto theft in the past, reportedly used a Hong Kong-based blockchain firm to carry out money laundering activities.

The Responsible Sourcing Blockchain Network (RSBN) has successfully completed a pilot project and is now targeting to go live in spring 2020.

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

Storj Labs just announced that it will discontinue its conversion programs that allow for the one-to-one conversion of SJCX to STORJ tokens, with the deadline set on Jan. 1.

China’s National Development and Reform Commission (NDRC) seems to have scrapped its plan to eliminate bitcoin mining industry from the country.

Support: 279.63 (110-EMA); Resistance: 232.63 (200-DMA)

The House of Representatives is slated to vote on a bill that would widen the CFTC’s authority in the crypto space amidst the global evolution of the financial sector.

Finland has now approved five crypto services to operate in the country after the law on the sector was put in place months prior.

Support: 0.2734 (55-EMA); Resistance: 0.2990 (23.6% Fib)

Hyperledger blockchain consortium has launched a new program that will offer training and professional certification to service providers to ensure that they are well equipped to install, configure, operate, manage an…

Support: 62.15 (55-EMA); Resistance: 67.74 (110-EMA)

The Finnish EU presidency drafted a proposal for the creation of digital currency by the European Central Bank in the wake of global digital currency efforts by corporate giants.

Data storage blockchain protocol Arweave has raised $5 million in token-based funding round, led by a16z crypto.

Support: 61.16 (55-EMA); Resistance: 68.67 (110-EMA)

Blockchain security company CipherTrace has announced anti-money laundering (AML) on-chain analytics for Binance Chain, Binance’s public blockchain platform.

Support: 186.26 (5-DMA); Resistance: 192.13 (110-EMA)

Ripple is still battling a lawsuit from lead plaintiff Bradley Sostack after it tried to dismiss the case by bringing up a statute of repose that expired in 2016.

The decentralized communication network pioneer, Beowulf Blockchain, today has enlisted the services of Sydney-based Trade Promotion Agency with a multichannel distribution strategy to expand business development effo…

Turkey President Recep Tayyip Erdogan has mandated the development of the country’s central bank digital currency (CBDC) to be finished by 2020 to attract global investors.