Crypto exchanges Huobi, OKX to apply for Hong Kong licences under new regime - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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Also, the upcoming Bitcoin halving brings hope for the new bull market and the fresh VC funding to enter the crypto space. Trading platform 3Commas has once again come into the spotlight following the disclosure of a security breach on Sunday, affecting a number of user accounts. Crypto exchanges Huobi, OKX to apply for Hong Kong licences under new regimeA newly-unearthed video shows the Bitcoin pioneer Hal Finney giving a talk on zero-knowledge proofs at the Crypto ‘98 conference. https://t.co/9805gXnHhP pic.twitter.com/WkAmVd7lOF

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Meanwhile, leading altcoins like Ethereum (ETH) and Solana (SOL) have had to deal with minor retracements in the last seven days. According to CoinMarketCap, SOL lost 6.09% of its value in the last seven days while trading at $22.39. ETH, on the other hand, exchanged hands at $1,592, after the Ethereum Foundation sold some coins lately. Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar.BTC/USD 1-hour chart. Source: TradingViewTrader: Bitcoin behavior at resistance “not the best”Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend.The pair recovered from a snap retest of $27,000 on Oct. 6, thanks to surprise United States employment data which diverged from policy tweaks by the Federal Reserve.Now, the $28,000 resistance formed the main point of interest for market participants going into the new week.In low timeframe (LTF) analysis of exchange order books, popular trader Skew said that major bidding power was still required in order to flip $28,000 to support.“So on LTF we can see clearly the market is still trading $28K as resistance. Going to require a big spot buyer to crack that area imo,” he told X (formerly Twitter) subscribers.“Perps are shorting every LTF bounce into $28K as well.”Bitcoin order book data. Source: Skew/XSkew further described Bitcoin’s reaction to both that level and the 200-day moving average (MA), currently at $28,040, as “not the best kind.”Fellow trader Daan Crypto Trades meanwhile cautioned on going short BTC should a sudden breakout occur, as this might form the start of further upside.“I will say that with BTC sitting around this big $28K level which has the Daily/Weekly 200MA sitting there, I am personally not very keen on shorting any deviations above,” part of an X post stated.“In the past, we’ve often seen a weekend breakout at these kinda spots which tend to not retrace as easily as they otherwise would.”An accompanying chart showed the closing price of last week’s CME Bitcoin futures markets, this apt to form a price “magnet” going into the new week.“Trading around the CME price is best practiced during a ranging & choppy environment,” he added. “We are still in such environment but that would likely change upon a strong break above this region. Hence me not being too eager to short immediately in case we'd see a weekend pump.”BTC/USD annotated chart with CME Bitcoin futures data. Source: Daan Crypto Trades/XAnalyst renews $30,000 BTC price forecastIn the wake of events in Israel, others meanwhile flagged geopolitical instability as a potential BTC price catalyst to come.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesAmong them was Michaël van de Poppe, founder and CEO of trading firm MN Trading.“Now; market perspective it’s going to be a volatile week,” he wrote in part of X analysis. “My idea is that Bitcoin continues the upwards grind & potentially reaches $30K as worldwide uncertainty grows.”Van de Poppe had previously forecast a trip beyond the $30,000 mark in October, traditionally Bitcoin’s strongest calendar month.At just under $28,000, BTC/USD was up 3.5% month-to-date at the time of writing, per data from monitoring resource CoinGlass.BTC/USD monthly returns (screenshot). Source: CoinGlassThis 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. Digital Currencies, Crypto & CBDCs-News, Blogs & Press ...“Otherwise, no one will treat your stablecoin as real dollars. They’ll just think of them as play money, and then they’ll sell them for real dollars, or real stablecoins or real T-bill projects,” Kazemian said. Some deviations have been from this upward trajectory, like during the 2021 bull run, where these investors participated in some profit-taking. However, such deviations have only been temporary as the whales have eventually resumed their accumulation.

Notably, August was just a better month than July, in terms of the number of registered trademarks related to the metaverse. Having 258 and 214 new registered trademarks respectively, according to USPTO data. ValeVerse: the Valentino Rossi metaverse on The Sandbox: new Web3 experiences for motorsport fans Will Bitcoin stay forever?NFL Rivals Game Now Lets You Buy NFTs on iOS and Android “There’s such a ready-made market for that Hall of Fame, top-of-the-food-chain type of athlete. It’s all around them, they don't have to go looking for that,” Edwards said.

What do you think about Bitcoin’s hashrate soaring to new highs and the upcoming halving approaching? Share your thoughts and opinions about this subject in the comments section below.Bitcoin Price Analysis: Bearish Failure at 27724 Again – 11 October 2023 Ethereum price slumps below $1,570 How to Buy Ethereum 2023-Best Places to Buy ETHBitcoin Network Difficulty Peaks at 57.32 Trillion This season, Paris Fashion Week is taking on a new virtual dimension. Along with attending the event’s physical shows and presentations, guests can now try digital versions of designer looks via augmented reality (AR) kiosks at the Sphere showroom in the city’s Palais de Tokyo.

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