Binance exchange to close its crypto services in Singapore - cyptoranking.com

2024-04-26

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The next month saw a decrease of roughly 191,240 users, leaving about 766,804 monthly users in July 2022. Since February 2023, Axie hasn’t surpassed the 400,000 mark nor dipped below 340,000, according to activeplayer.io figures. Blockchain analytics CoinScan raises $6.3 millionCrypto analytics platform CoinScan raised $6.3 million in September. It seeks to offer safety checks, holders and airdrop analysis and social sentiment analysis across the crypto community. CoinScan is the first product from CryptoHub, which is a Web3 company focused on the blockchain economy and backed by DraftKings’ top individual shareholder and billionaire, Shalom MecKenzie, alongside investors from Playtech and iAngels. “Crypto, much like sports betting, should give people the tools and data to make their own assessments about risk and reward,” said MecKenzie in a statement, claiming CoinScan will provide data pulled from multiple sources to provide charting insights. Mythic Protocol raises $6.5 million seed round for collaborative entertainmentMythic Protocol closed a $6.5 million seed round co-led by Shima Capital’s founder, Yida Gao, alongside Alpha JWC, Saison Capital, GDP Ventures, Planetarium Labs and others. The team behind the project is working in a collaborative entertainment ecosystem that utilizes a game-first strategy to acquire, retain and scale users. The funds will be deployed in the coming months to develop and launch the initial core offerings focusing on gamers, creators, and investors. “With a founding team that has launched over 250 game titles since 2009 from one of the biggest gaming studios in SEA, we have no doubt that they will carry their track record of success into the next cycle of gaming,” said Gao.Before you go: ConsenSys launches pre-accelerator program for Web3 foundersTechnology company ConsenSys announced the launch of its pre-accelerator program, ConsenSys Fellowship, to support early-stage Web3 startups. The fellowship aims to help early-stage startups bridge the gap between an idea with potential and a functional business, product or tool. The 12-week program will offer guided workshops, weekly curricula, mentorship and access to ConsenSys’ network to accelerate up to 15 startups. Fellowship teams will be eligible for follow-on investments from a $1.5 million fund. Magazine: ‘AI has killed the industry’ — EasyTranslate boss on adapting to changeTokenization is “securitization done on steroids” — Franklin Templeton CEO Binance exchange to close its crypto services in SingaporeBitcoin has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on Sept. 11. However, Bitcoin (BTC) is not out of the woods yet. Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence, told Cointelegraph that if the tightening cycle extends, followed by “an uptick in unemployment and more stress in the banking sector, then there could be a bit more pain for risk assets like Bitcoin.” Daily cryptocurrency market performance. Source: Coin360Cryptocurrency traders have also remained cautious. A Bitfinex report shows that the cryptocurrency industry witnessed capital outflows of $55 billion in August. The drop in liquidity has caused isolated events to “have a bigger impact on market movements,” the report added.Will Bitcoin turn down and retest its pivotal support? Could Bitcoin’s weakness trigger further selling in altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin broke and closed above the 20-day exponential moving average (EMA) of $26,228 on Sept. 14, indicating that the downside momentum is weakening.BTC/USDT daily chart. Source: TradingViewThe 20-day EMA is flattening out and the relative strength index (RSI) is near the midpoint, signaling that the BTC/USDT pair may stay range-bound between $24,800 and $28,143 for some more time. If bears want to make a comeback, they will have to quickly pull the price back below the 20-day EMA. Such a move will suggest that higher levels are being sold into. That could result in a retest of the strong support at $24,800.Ether price analysisEther (ETH) plunged below the $1,550 support on Sept. 11, but the bears could not build upon this strength. This suggests solid buying at lower levels.ETH/USDT daily chart. Source: TradingViewThe bulls thereafter started a recovery, which has reached the 20-day EMA ($1,638). This level is likely to witness a tough battle between the bulls and the bears. A break and close above the 20-day EMA could trap several aggressive bears, resulting in a short squeeze. That could propel the price to $1,745.Instead, if the price turns down from the 20-day EMA, it will suggest that the bears remain in command. The sellers will then make another attempt to sink the ETH/USDT pair below $1,550 and resume the downtrend.BNB price analysisBNB (BNB) bounced off the psychological support near $200 on Sept. 12, indicating that the bulls are active at lower levels. BNB/USDT daily chart. Source: TradingViewThe recovery has reached the 20-day EMA ($215), which is an important level to watch out for. If the BNB/USDT pair turns lower from the current level, it will indicate that the sentiment remains negative and traders are selling on relief rallies. That will increase the risk of a breakdown below $200. Contrarily, the RSI is forming a positive divergence, indicating that selling pressure could be falling. A rise above the 20-day EMA could open the doors for a retest of the 50-day simple moving average (SMA) at $225.XRP price analysisXRP (XRP) has been trading between $0.41 and $0.56 for the past several days. The price has recovered to the 20-day EMA ($0.50), which is an important level to keep an eye on.XRP/USDT daily chart. Source: TradingViewIf buyers thrust the price above the 20-day EMA, it will indicate that the selling pressure is reducing. That could start a sustained recovery toward the overhead resistance at $0.56. This level may again act as a roadblock.If the price turns down from $0.56, it will indicate that the range-bound action may continue for some more time. The next trending move is likely to begin after bulls push the price above $0.56 or bears sink the XRP/USDT pair below $0.41.Cardano price analysisThe strong selling in Cardano (ADA) pulled the price to $0.24 on Sept. 11, but the bears could not break the crucial support.ADA/USDT daily chart. Source: TradingViewThe rebound off $0.24 on Sept. 12 reached the 20-day EMA ($0.26) on Sept. 15. This level is likely to witness a tussle between the buyers and sellers. If the ADA/USDT pair turns down sharply from the 20-day EMA, it will indicate that every minor rise is being sold. That could increase the risk of a drop to $0.22.Contrarily, if buyers shove the price above the 20-day EMA, it will signal the start of a stronger recovery to $0.28. Dogecoin price analysisDogecoin (DOGE) continues to trade between the 20-day EMA ($0.06) and the solid support at $0.06. This tight-range trading is unlikely to continue for long, and a breakout may happen soon. DOGE/USDT daily chart. Source: TradingViewIf buyers kick the price above the 20-day EMA, it will suggest that the sellers may be losing their grip. That could start a relief rally to the 50-day SMA ($0.07), where the bears are expected to intensify selling. Contrary to this assumption, if the price turns down sharply from the 20-day EMA, it will enhance the prospects of a break below $0.06. If this support breaks down, the DOGE/USDT pair may plummet to $0.055.Solana price analysisSolana’s SOL (SOL) has been swinging between $14 and $27.12 for the past several months. The price has reached the 20-day EMA ($19.51), where the bears are likely to pose a stiff challenge.SOL/USDT daily chart. Source: TradingViewIf buyers thrust the price above the 20-day EMA, the SOL/USDT pair could reach the overhead resistance at $22.30. This level may again act as a strong hurdle, but if bulls overcome it, the pair could climb to $27.12.On the contrary, if the price turns down from the 20-day EMA, it will signal that demand dries up at higher levels. The bears will then try to resume the downtrend and yank the price to the vital support at $14.Related: Japan to allow startups to raise funds by issuing crypto instead of stocks: ReportToncoin price analysisToncoin (TON) snapped back from the 20-day EMA ($1.75) on Sept. 12, indicating that the bulls are viewing the dips as a buying opportunity.TON/USDT daily chart. Source: TradingViewThe price reached the first resistance at $1.98 on Sept. 13, where the bears are trying to halt the up move. A minor advantage in favor of the bulls is that they have not ceded ground to the bears. This suggests that the bulls are in no hurry to book profits as they anticipate the up move to continue.If the $1.98 level is taken out, the TON/USDT pair could reach $2.07. This is an important level for the bears to defend because a break above it could propel the pair to $2.40. On the downside, a slide below the 20-day EMA could tilt the advantage in favor of the bears.Polkadot price analysisPolkadot's DOT (DOT) has been trading below the breakdown level of $4.22 for the past few days, which is a negative sign.DOT/USDT daily chart. Source: TradingViewThe bulls are trying to start a relief rally, but that is likely to face strong selling at $4.22. If the price turns down from the overhead resistance, it will suggest that bears remain in control. The sellers will then try to sink the DOT/USDT pair below $3.90. If they succeed, the pair could collapse to $3.44.If bulls want to prevent the decline, they will have to push and sustain the price above $4.22. If they do that, it will suggest that the markets have rejected the breakdown. The pair may then attempt a rally to the 50-day SMA ($4.61).Polygon price analysisPolygon’s MATIC (MATIC) slipped below the critical support at $0.51 on Sept. 11, but the bears could not maintain the selling pressure. That started a rebound, which is nearing the 20-day EMA ($0.54).MATIC/USDT daily chart. Source: TradingViewThe bears will attempt to stall the recovery at the 20-day EMA and tug the price below $0.50. If they manage to do that, it will signal the resumption of the downtrend. The MATIC/USDT pair could then slump to $0.45.Although the downsloping moving averages indicate advantage to bears, the positive divergence on the RSI suggests that the bearish momentum may be slowing down. If buyers clear the obstacle at the 20-day EMA, the pair may climb to $0.60.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Immediate Connect Review 2023 - Scam or Legitimate Trading Software?

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Compliance Guidelines Binance Liquid Swap Announces Removal of Pools for Multiple Altcoin Pairs How to buy cryptocurrency for beginnersAWS and Microsoft Face UK Competition Probe Over Cloud Dominance Around 10:30 pm ET on November 11, Ramanathan set up a new wallet on his Ledger Nano. Every precaution was taken, with Ramanathan meticulously verifying the password. As funds were transferred, Ramanathan was responsible for safeguarding between $400 and $500 million in FTX’s crypto assets on his USB drive.

Major questions overstated The Fed has continuously raised the federal funds rate amid a year-plus long battle to fight inflation. It raised the federal funds rate, which stood at 0.5% in March 2022, to 5.5% by July — resuming an increase that month after a one-time rate pause in June. cryptocurrency pricesAlso known as a DEX, a decentralized exchange uses smart contracts to facilitate trading between individuals but does not require them to deposit the coins before the trade can occur. Other popular decentralized exchanges include Uniswap, PancakeSwap, SushiSwap, Balancer, and Curve. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is a Stablecoin? How Does It Affect the Cryptocurrency Ecosystem?

South Korea's virtual asset market has experienced a significant surge during the first half of 2023, reaching a total market cap of $21.1 billion. Furthermore, gaming enthusiasts can get a sneak peek of “GESOTEN by GMO” at the Oasys booth during the Tokyo Game Show 2023, commencing on September 21st. Attendees will have the opportunity to engage in mini-games, earning OAS tokens and exclusive merchandise. CBE sets controls for financial derivatives at banks-DailynewsegyptThe research revealed a ratio of non-custodial to custodial users of around 1:8. This means that most LN users are using exchanges or intermediary service providers. Wouters added: Finally, Hong Kong's journey to embrace retail stablecoins will be a crucial factor in establishing its place in the emerging global banking scene. Finding the appropriate combination of innovation and regulation will be critical to its long-term success as a major financial hub in the digital era.LIVE: Caroline Ellison, Ex-Alameda CEO and SBF's Ex, Takes the Stand

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