Latest news — Page 568

Support: 178.70 (2H 200 SMA); Resistance: 198.48 (110-EMA)

The U.S. Internal Revenue Services (IRS) has added a question about cryptocurrencies in its updated 1040 income tax form for the coming tax season.

The Securities and Exchange Commission (SEC), the Financial Crimes Enforcement Network (FinCEN), and the Commodity Futures Trading Commission (CFTC) have issued a three-party joint statement on cryptocurrency.

Crypto Valley Association (CVA), a government-supported Swiss blockchain and crypto advocacy group, has become the latest organisation to join the International Digital Asset Exchange Association (IDAXA).

BOX Exchange, a national securities exchange registered with the United States Securities and Exchange Commission (SEC), is seeking to launch a regulated security token exchange.

Support: 8278 (200H SMA); Resistance: 8539 (21-EMA)

Marco Polo, a blockchain-based trade finance network with over 20 global banks on board, will pilot its first trading arrangement between Germany and Russia.

Cryptocurrency exchange Coinbase is securing a new foothold in Europe after it obtained an e-money license from the Central Bank of Ireland.

The World Federation of Exchanges (WFE), the global industry association for exchanges and clearing houses, has asked UK’s Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors.

Telegram is likely postponing the launch of its own cryptocurrency on the Telegram Open Network (TON) after it was ordered to be halted by the U.S. Securities and Exchange Commission (SEC) for “unlawful” token sale in…

Mastercard, Visa, eBay, Stripe, and Mercado Pago have all followed the steps of PayPal, withdrawing their support from Facebook’s Libra Association.

Major Cryptocurrency Daily Trend/ Technical Outlook

'Ether is a commodity', says CFTC chairman Heath Tarbert Commodity Futures Trading Commission (CFTC)’s chairman Heath Tarbert said he views Ethereum’s ether as a commodity, similar to bitcoin. “We’ve been very clear o…

Major Cryptocurrency Intraday Support Resistance Levels

AVA, a blockchain startup that came out of stealth in May this year, has launched Athereum, the first proof-of-concept deployment of its subnetworks functionality.

Support: 0.2618 (50-DMA); Resistance: 0.2896 (110-EMA)

E-commerce giant Overstock has set up a new state-of-the-art campus in Sligo, Ireland which will focus on e-commerce, machine learning, and blockchain technology.

Canadian blockchain companies want to know the stance of the government on cryptocurrency and blockchain, according to a report by the Canadian Digital Chamber of Commerce (CDCC).

Leading cryptocurrency exchange Coinbase has announced the launch of a mobile app for its professional trading platform, Coinbase Pro.

Support: 0.2632 (21-EMA); Resistance: 0.2826 (cloud top)

Juno has secured $3 million seed round to develop a platform leveraging cryptocurrencies and Ethereum protocols to offer “neo banking” services such as high-yield savings and debit cards.

MouseBelt, a full-service blockchain accelerator and startup studio, has announced a new initiative to encourage blockchain innovation through education.

Commodity Futures Trading Commission (CFTC)’s chairman Heath Tarbert said he views Ethereum’s ether as a commodity, similar to bitcoin.

Support: 51.50 (trendline); Resistance: 59.39 (21-EMA)

A New York judge has denied the request of the New York Attorney General (NYAG)’s office to make Bitfinex and Tether compile documents related to their alleged $850 million cover-up and $900 million line of credit.

InfiniGold, a precious metals digitisation company, has launched a digital token on a public blockchain backed by government guaranteed gold.

Support: 183.44 (21-EMA); Resistance: 199.58 (110-EMA)

Mutual funds giant Vanguard has entered into a partnership with Nasdaq Ventures-backed blockchain startup Symbiont to create a trading platform for the $6 trillion currency market.

ICONLOOP, a blockchain-focused company headquartered in Seoul, has secured KRW 10 billion (over $8 million) in Series A funding round led by the Venture Investment Center at Korea Technology Finance Corporation.

Support: 8438 (20-DMA); Resistance: 8656 (200-DMA)

Venture studio Consensys has granted $175,000 to support seven Ethereum-based projects.

A number of blockchain companies and non-profit organizations are teaming up to work on “an alternative to Facebook’s Libra.”

Major Cryptocurrency Daily Trend/ Technical Outlook

Major Cryptocurrency Intraday Support Resistance Levels

The Libra Association, the governing body of Facebook’s planned cryptocurrency Libra, lost its head of product within five months, a report from Cointelegraph has revealed.

Support: 54.00 (Trendline); Resistance: 60.10 (21-EMA)

B2C2, a UK-based Crypto liquidity and OTC provider, has launched a gold derivatives product, which is priced and settled in bitcoin, according to The Block.

Blockchain startup Ripple has announced its partnership with fintech company Finastra aimed at facilitating faster cross-border payments.

The U.S. Internal Revenue Services has released new guidance in the form of a Revenue Ruling for tax reporting on cryptocurrency airdrops and hard forks.

The United States Securities and Exchange Commission (SEC) has rejected the bitcoin exchange-traded fund (ETF) proposal filed by Bitwise Asset Management.