Cryptocurrency Analysis and News Portal
Bitcoin price is currently declining and is trading well below $8,000 against the US Dollar.The price is struggling to recover and it looks set to decline further towards the $7,500 support.There is a crucial declining channel forming with resistance near the $8,050 level on the hourly chart of the BTC/USD
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Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol.According to a press release shared with CryptoX on Oct. 5, this way the companies aim
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Ripple price is gaining bullish momentum above the $0.2600 resistance area against the US dollar.The price is up around 5% and it recently broke the $0.2650 resistance area.There is a connecting bullish trend line forming with support near $0.2550 on the hourly chart of the XRP/USD pair (data source from
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ETH price is declining and it recently broke the $172 and $170 support levels against the US Dollar.The price is trading in a bearish zone and it could slide further towards the $160 support.There is a major bearish trend line forming with resistance near $174 on the hourly chart of
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Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day.Market visualization courtesy of Coin360After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on
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This week isn't looking good for Bitcoin (BTC) as the price continues to decline after reaching a high of $8,540 on Oct. 1 down to $7,870 on Oct. 6. This continued decline was anticipated in last week's analysis, with fingers pointing to China's week-long Golden Week as a possible catalyst
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Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4.In the 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets,”
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The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector.Driving blockchain for awareness and social careThe MOCD announced its “Social Blockathon” competition with a total prize fund of $16,300 to encourage the development of blockchain-based applications for educational,
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In five weeks, the Bitcoin Cash (BCH) network will upgrade once again, adding two new features to the blockchain. The first component added will be Schnorr support for OP_Checkmultisig, which
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Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme.Here is the past week of crypto and blockchain news in review,
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