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“# Price analysis 11/17: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX ” Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keep the uptrend intact in the short term. While the fall may scare off leveraged traders, Bitcoin whales…
“# Small-cap altcoins stage a recovery as Bitcoin traders aim to recapture $60K ” The fortitude of Bitcoin (BTC) holders continues to be tested on Nov. 17 as a number of attempts to push the price to $59,000 and below grow. This level has been well defended by bulls but analysts are still watching for…
“# Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant ” In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as…
“# Ethereum layer-two developer StarkWare valued at $2B following $50M raise ” Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised…
“# Acting OCC head calls for consolidated supervision for crypto firms ” Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies. In published comments before the Federal Reserve Bank of Philadelphia on Tuesday, Hsu called for consolidated…
“# KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects ” KuCoin Labs, the company behind the world’s sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also…
“# Traders watch for a trend reversal after Ethereum price drops to $4,100 ” Ether (ETH) traders might have a few reasons to panic after today’s 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500. Ether/USD price at FTX. Source: TradingView Those…
“# Polygon launches a zk-STARK scaling solution for DApp deployment ” Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps. 1/7 We are proud to reveal…
“# IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high ” In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a…
“# Ripple outlines possible regulatory framework for crypto industry in US ” Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Tuesday post on its website, Ripple released its vision for a regulatory framework aimed at…