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Understanding Support & Resistance in Crypto Trading – Learning - Insights Bitcoin News

October 12, 2023

In the world of crypto trading, there are many ways to identify opportunities, one of the most prominent methods being technical analysis. This is the study and general breaking down of charts using various indicators and charting patterns. One such technique is known as Support and Resistance strategy. Support A support, which is also known as a floor, is the lower horizontal line holding up…

Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Report – Market Updates Bitcoin News

October 12, 2023

Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low. Bitcoin Bitcoin (BTC) fell…

Biggest Movers: XRP Losing Streak Extended to a 6th Day – Market Updates Bitcoin News

October 12, 2023

XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped, nearing a floor of $21.00 in the process. XRP XRP…

Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers – Regulation Bitcoin News

October 12, 2023

Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently submitted to parliament, seek to align the country’s laws with the standards set by the Financial Action Task Force. Draft Sent to Parliamentary…

State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase – Legal Bitcoin News

October 12, 2023

A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the United States as opposed to…

Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC's Smart Contract Game – Technology Bitcoin News

October 12, 2023

A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM…

Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF – Bitcoin News

October 12, 2023

Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which is a key gauge of inflation. Bitcoin Bitcoin (BTC) moved lower for a fourth straight day, with many traders…

Standard Chartered's Research Predicts Ethereum to Hit $8K by 2026 and Eyes $35K Long-Term – Markets and Prices Bitcoin News

October 12, 2023

Ethereum might soar to $8,000 by 2026, suggests a fresh investors memo penned by Standard Chartered’s lead on forex and crypto research. Geoffrey Kendrick, alongside his analytical squad at the bank, pinpointed Ethereum’s stronghold in smart contracts, gaming, and…

Ethereum Inflation Rises as Onchain Activity Declines; $35.31M Added in 17 Days – Altcoins Bitcoin News

October 12, 2023

Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain…

Crypto Aid Israel Fundraiser to Help Victims of Hamas Assault – Bitcoin News

October 11, 2023

Members of Israel’s Web3 community have launched Crypto Aid Israel, a fundraiser in support of those affected by the conflict with Hamas. The goal is to attract cryptocurrency donations to relieve the humanitarian situation of thousands of Israelis displaced by the surprise attack of Palestinian militants from Gaza. Web3 Firms Unite in Crypto Aid Israel Initiative Amid War With Hamas A group of…