CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News

This is due to the fact that the Norwegian government pension fund owns 2% stake in MicroStrategy, a U.S. software development company, and MicroStrategy has bought many bitcoins, about $425 million. Thus, every Norwegian citizen now indirectly owns 1.72 dollars of crypt currency without even knowing it.

In the worst case, if the defendants are found guilty, the exchange’s assets may be seized, accounts frozen and all trading activity suspended. At the moment, however, this is unlikely, especially since BitMEX has rushed to defend its actions, despite the fact that it has shifted most of its senior management.

Qume, a company registered in Singapore, grew out of a sandbox of the Central Bank of Bahrain. In terms of compliance with “know your customer” rules and the fight against money laundering, a team that included former JPMorgan and Nomura employees has developed a regulatory framework. In addition, last week Qume completed the integration of Berlin’s Fractal company, which uses AI and places photos of new users in KYC databases in their home jurisdictions.

Source: cryptolearningvideos.com

Author: by admin


TA: Ethereum At Risk of A Sharp Decline If It Breaks $365 Support

TA: Ethereum At Risk of A Sharp Decline If It Breaks $365 Support

TA: Ethereum At Risk of A Sharp Decline If It Breaks $365 Support

Ethereum faced a strong rejection above $380 against the US Dollar. ETH price is now at a risk of a sharp decline if it breaks the key $365 support in the near term.

  • Ethereum struggled to gain momentum above the $380 and $382 levels.
  • The price declined sharply below the 100 hourly simple moving average, and retested $365.
  • There is a key bearish trend line forming with resistance near $378 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could decline heavily if there is a clear break below the $365 support level.
  • Ethereum started a steady decline from well above the $385 level. ETH price faced a strong resistance near the $380 and $382 levels, resulting in a drop below the $375 support.

    Ether price even broke the $370 support and settled well below the 100 hourly simple moving average. It retested the key $365 support level and it is currently consolidating losses. An initial resistance is near the $372 level.

    The first major resistance is near the $374 level or the 50% Fib retracement level of the recent decline from the $382 high to $365 low. More importantly, there is a key bearish trend line forming with resistance near $378 on the hourly chart of ETH/USD.

    Ethereum Price

    Source: ETHUSD on TradingView.com

    The trend line is close to the 100 hourly simple moving average and the 76.4% Fib retracement level of the recent decline from the $382 high to $365 low. If there is no recovery above $374 and $378, there is a risk of a downside break below the $365 support.

    A proper close below the $365 support may perhaps open the doors for a larger decline. The next major support is near the $355 level.

    If Ethereum stays above the $365 support, it could start a fresh increase. The first key resistance is near the $374 level, but the main hurdle is now forming near $378.

    A clear break above the trend line resistance, $378, and the 100 hourly simple moving average could open the doors for a steady rise towards the $388 and $392 levels in the coming sessions.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is now gaining pace in the bearish zone.

    Hourly RSI – The RSI for ETH/USD is now well below the 50 level.

    Major Support Level – $365

    Major Resistance Level – $374

    Source: inula.org

    Author: About The Author

    admin


    Ethereum’s on-chain activity surges and bullish sentiment spikes

    Ethereum’s on-chain activity surges and bullish sentiment spikes

    The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicates that discussions around Ethereum have switched from highly bearish to predominantly bullish. Historically, this hasn’t meant good news for the token’s price.

    Ethereum’s on-chain activity, measured by unique daily addresses, has rebounded from its nose dive at the end of summer. The latest surge has taken Ethereum to a 3-week high of 420,610 addresses per day — marking a 25.2% growth compared to the day prior.

    Another noticeable trend is Ethereum’s 365-day dormant circulation, which tracks the renewed movement of all tokens that have previously not changed addresses for more than a year. This number has stayed relatively low since the October 7th bottom, with a recorded daily average of just 13,438 ETH, suggesting that long-term holders are still sitting on their bags despite the recent price bounceback.

    Ethereum’s Network Profit/Loss, which computes the average profit or loss of all coins that change addresses daily, are a good way of seeing which holders are panic selling at a loss. Amid a market-wide crash on March 13th, 2020, Ethereum’s network realized a cumulative loss of -$2,932,200 based on NPL: a 3-month low. In a similar fashion, Ethereum’s network realized a cumulative loss of $-998,998 on October 7th, shortly before the coin bounced back above $350.

    Source: otcpm24.com


    Ethereum Classic (ETC) Reaches Market Capitalization of $619.84 Million

    Ethereum Classic (ETC) Reaches Market Capitalization of $619.84 Million

    Ethereum Classic logoEthereum Classic (CURRENCY:ETC) traded down 0.1% against the US dollar during the twenty-four hour period ending at 15:00 PM Eastern on October 15th. Ethereum Classic has a total market cap of $619.84 million and approximately $500.03 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. One Ethereum Classic coin can now be bought for about $5.33 or 0.00046262 BTC on popular cryptocurrency exchanges including Coinone, Kraken, CPDAX and Coinut. Over the last seven days, Ethereum Classic has traded 2.9% higher against the US dollar.

    Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Ethereum (ETH) traded up 1% against the dollar and now trades at $378.53 or 0.03286076 BTC.
  • Super Zero Protocol (SERO) traded down 0.8% against the dollar and now trades at $0.13 or 0.00001143 BTC.
  • Callisto Network (CLO) traded 30.6% lower against the dollar and now trades at $0.0003 or 0.00000003 BTC.
  • Musicoin (MUSIC) traded flat against the dollar and now trades at $0.0002 or 0.00000002 BTC.
  • Ether Zero (ETZ) traded 0% higher against the dollar and now trades at $0.0017 or 0.00000015 BTC.
  • Bowhead (AHT) traded flat against the dollar and now trades at $0.0244 or 0.00000377 BTC.
  • Ellaism (ELLA) traded 45.8% lower against the dollar and now trades at $0.0047 or 0.00000041 BTC.
  • DaxxCoin (DAXX) traded flat against the dollar and now trades at $0.0001 or 0.00000003 BTC.
  • Elementrem (ELE) traded up 1.7% against the dollar and now trades at $0.0009 or 0.00000008 BTC.
  • Bitcoiin (B2G) traded up 1.7% against the dollar and now trades at $0.0003 or 0.00000003 BTC.
  • About Ethereum Classic

    Ethereum Classic Coin Trading

    Ethereum Classic can be traded on the following cryptocurrency exchanges: FCoin, EXX, Stocks.Exchange, HitBTC, Coinut, CPDAX, Bittrex, Gatehub, Binance, Coinone, CoinEx, BTC Markets, CoinEgg, Coinbase Pro, OKEx, Coinsuper, Gate.io, Bibox, LBank, BTC-Alpha, HBUS, BitForex, Bitbns, Indodax, CoinBene, Kucoin, YoBit, C2CX, LiteBit.eu, Coinroom, CoinExchange, Huobi, ChaoEX, CoinTiger, BCEX, Koineks, Upbit, Kraken, Coinhub, Korbit, Cryptomate, Ovis, Bit-Z, ABCC, Poloniex, ZB.COM, OKCoin International, C-CEX, Instant Bitex, Bitsane, Cryptopia, RightBTC, BigONE, Bitfinex, Bithumb, Coinnest, Exrates, BTC Trade UA, QBTC, Crex24, Liquid, Exmo and BtcTrade.im. It is usually not currently possible to buy alternative cryptocurrencies such as Ethereum Classic directly using US dollars. Investors seeking to acquire Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Classic using one of the aforementioned exchanges.

    Receive News & Updates for Ethereum Classic Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Ethereum Classic and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: www.americanbankingnews.com

    Author: ABMN Staff


    Ethereum’s Price Just Formed a Pivotal Bullish Breakout – Accu-rate

    Ethereum’s Price Just Formed a Pivotal Bullish Breakout – Accu-rate

  • Ethereum has dropped dramatically since the August highs of $490.
  • The coin now trades for $370, around 25% below those highs.
  • While Ethereum is still far below the highs, the coin is printing positive medium-term to long-term signs.
  • One top cryptocurrency trader shared that the asset is breaking above a multi-week triangle/pennant pattern.
  • This breakout suggests there will be a continuation to the upside in the weeks ahead.
  • His bullish sentiment has been echoed by other market participants who also see Ethereum’s medium-term trend remaining bullish.
  • Leading Binance futures trader Logan Han expects for Ethereum to continue its ascent after forming a bullish breakout. He noted that the coin recently broke above a descending triangle pattern after weeks of consolidation, suggesting the medium-term trend is bullish.

    He shared a chart suggesting that head into the end of 2020, Ethereum will continue the ascent it has seen in the middle of the year.

    This comes shortly after he noted that ETH’s price action now looks similar to that seen prior to the exponential rally at the end of 2017 and the start of 2018.

    Image

    Others expect the asset to break higher. One crypto analyst noted that as long as the cryptocurrency holds the $350 region on a macro time frame, it will move towards $700 in the months ahead.

    The chart shows that $350 has been pivotal for Ethereum over recent years. In 2017, it acted as a launchpad for a rally to $1,400 while in 2018, it acted at a point where the asset underwent a dead cat bounce.

    Image

    The fundamentals of Etheruem are stronger than ever.

    Spencer Noon, a fund manager in the space, also noted that there is a vast amount of on-chain trends showing that Ethereum is being used more than ever.

    Source: news.accurateft.com


    CFTC Chairman Tarbert is Impressed by Ethereum, “Period” – news.kuaidiantou.vip

    CFTC Chairman Tarbert is Impressed by Ethereum, “Period” – news.kuaidiantou.vip

  • Ethereum has faced a strong drop since the August highs of $490.
  • The coin currently trades for $375, far below the aforementioned highs.
  • The cryptocurrency remains in a fundamentally strong position, though, analysts say.
  • So much so that the chairman of the U.S. Commodities and Futures Trading Commission (CFTC) threw his weight behind Ethereum.
  • In a talk, he said that he has genuinely been impressed by the protocol.
  • He added that if Bitcoin is email, Ethereum is the Internet.
  • His comment created some controversy online as some Bitcoin maximalists thought it was foolish of him to take that position.
  • Ethereum has faced much criticism over recent months as the network has faced severe congestion issues. The cynics say that the network will never succeed due to delays in the launches of Ethereum scaling technologies.

    But the proponents of the protocol are not fazed. Heath Tarbert, the chairman of the U.S. Commodities and Futures Trading Commission (CFTC), recently doubled down on his support for Ethereum.

    He elaborated that in his role as a regulator of commodities and derivatives, he sees Bitcoin as email while Ethereum is “more like the Internet.” He did admit, though, that Bitcoin remains a revolutionary technology.

    It’s worth noting that this isn’t the first time Tarbert has mentioned Ethereum in a positive light.

    In an interview with Bloomberg at the start of 2020, the regulator stated that he thinks that Ethereum is worthy of having its own U.S.-regulated futures. He said in October 2019 that he “absolutely” believed there would be futures for the coin within six to 12 months of those comments. Tarbert’s assertion suggests that the CFTC sees Ethereum as a commodity, not a security as some critics have suggested.

    While the CFTC does see value in cryptocurrencies, it is actively regulating the space.

    The CFTC made headlines just a week ago when it was revealed that it was charging BitMEX, a crypto derivatives provider that has futures for Bitcoin, Ethereum, and other digital assets. BitMEX is by far one of the most influential companies in the crypto space, facilitating much BTC and ETH derivatives volume.

    Investors are somewhat unfazed by the news about BitMEX, though. Mike Novogratz, CEO of crypto investment bank Galaxy Digital, said after the news on the prospects of crypto:

    “Crypto friends, Let’s remember that you are innocent to proven guilty. It’s a cornerstone of American justice. I have no insight into the case but I wish @CryptoHayes well. I do think that $btc and crytpo is far bigger than any one exchange or person. So buy dips.”

    The CFTC may face a problem in Ethereum, though, as decentralized derivatives platform gather steam.

    Source: news.staging.app.kuaidiantou.vip


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