Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs - cyptoranking.com

2024-05-04

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Bored Ape Yacht Club Reveals BAPE Streetwear Collab Investors, blockchain businesses, and regulatory authorities are all keeping a close eye on the case for clues about how digital assets may be handled in the future. While a resolution to this legal struggle is unlikely, it is obvious that the case will leave an indelible impression on the emerging landscape of crypto legislation and enforcement. The industry is eagerly awaiting the next chapter in this high-stakes legal saga, hoping for greater clarity and certainty in the world of digital assets.SBF attorneys make last minute request to enter new evidence Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbsRumors are also swirling. An attorney for Axos, James Ethan McComb, might be under investigation by the California State Bar for perjury. Protos has, however, been unable to verify this particular rumor due to the confidentiality treatment of state bar proceedings. In blockchain technology, mining algorithms are necessary for transaction verification and network security. A mining algorithm instructs miners’ computers to follow a set of rules to generate a valid block.

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At the end of 2014, Saiers presented his first full-scale exhibition titled “Blindfolded in Gravity’s Shadow” at Studio Vendome in New York. *This is not investment advice.US-based Exchange to Give Away 10,000 XRP to One Trader 13 Best Crypto Credit Cards: A Curated List 2023Perhaps the most well-known example of inflationary crypto is the meme coin, DogeCoin (DOGE), as one of its creators abolished the token’s hard cap of 100 billion tokens in 2014, ensuring it had an unlimited supply. This means that the supply of DOGE could outpace investor demand for DOGE, leading to a decrease in the value of each DOGE token. Read more: Blockchain gaming sees $300M summer funding boost

More than 99% of AXS investors have faced losses since the game’s currency introduction. Axie’s unique active wallet count isn’t faring much better, with a decline of over 14% in the past 30 days. This month’s transaction count is down 6.53% from the previous month. In an interview with Blockworks, Framework Ventures co-founder Vance Spencer noted that gaming has been a particularly large narrative in Asia. A Beginners Guide to Buying Cryptocurrency in CanadaHowever, the analyst reiterated that the users’ participation in the leisure chats is consistent compared to the inconsistent trading deals, considering the appreciable chat retention. Despite the overall trading retention challenges, the platform has witnessed a substantial hike in trading activity in the month of September, reaching an all-time high in TVL of $50 million. Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sept. 20. However, long-term investors are unfazed, and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July.This bullish temperament is not reflected in institutional activity, however. Investors have cut down on their cryptocurrency exposure and are sitting on the sidelines, awaiting more clarity on the regulatory and macroeconomic front. Asset manager CoinShares reported that outflows from exchange-traded products hit $455 million over the past nine weeks.Daily cryptocurrency market performance. Source: Coin360Meanwhile, analysts remain divided about Bitcoin’s near-term price action. Bollinger Bands creator John Bollinger speculated in an X (formerly Twitter) post that Bitcoin could start an up-move but added that it was “too early to answer.” The volatility could increase after Fed Chair Jerome Powell’s press conference, but traders should be careful not to get sucked into a bull or a bear trap. It is better to wait on the sidelines and enter after the volatility subsides and a directional move begins.What are the important levels to watch for on Bitcoin and the major altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin is facing stiff resistance at the 50-day simple moving average ($27,154), indicating that the bears are trying to halt the recovery.BTC/USDT daily chart. Source: TradingViewThe upsloping 20-day exponential moving average ($26,499) and the relative strength index (RSI) in the positive territory indicate that bulls are in control. If the price rebounds off the 20-day EMA, it will enhance the prospects of a rally above the 50-day SMA. If that happens, the BTC/USDT pair could climb to $28,143.Related: Bitcoin price eyes $28K as Binance legal battle spurs bullish momentumConversely, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears remain active at higher levels. A break and close below $26,000 may accelerate selling and sink the pair toward the crucial support at $24,800.Ether price analysisEther (ETH) has been maintaining above the breakdown level of $1,626 for the past few days, but the bulls have failed to build up on this strength.ETH/USDT daily chart. Source: TradingViewThe long wick on the Sept. 18 and 19 candlestick shows selling by the bears at higher levels. The flattish 20-day EMA ($1,637) and the RSI just below the midpoint suggest a balance between buyers and sellers.A rally above $1,680 could tilt the advantage in favor of the bulls. The ETH/USDT pair could then rally to $1,745. On the contrary, a slide below $1,600 will suggest that bears have not yet given up. That could pull the pair to $1,530.BNB price analysisBuyers tried to shove BNB (BNB) above the overhead resistance at $220 on Sept. 18 and 19, but the bears defended the level successfully.BNB/USDT daily chart. Source: TradingViewA minor advantage in favor of the bulls is that they have not allowed the price to slide back below the 20-day EMA ($215). This suggests that the bulls are buying the minor dips as they expect the up-move to extend further. If buyers clear the zone between $220 and the 50-day SMA ($223), the BNB/USDT pair could start a rally toward $235. If bears want to prevent the upside, they will have to tug the price back below the 20-day EMA. That could keep the price stuck inside the $203 to $220 range for a while longer.XRP price analysisXRP (XRP) rose and closed above the 20-day EMA ($0.50) on Sept. 19, indicating that the bulls have the upper hand.XRP/USDT daily chart. Source: TradingViewIf the price stays above the 20-day EMA, it will suggest that the bulls are trying to flip the level into support. That will open the gates for a potential rise to the overhead resistance at $0.56, where the bears will likely make their stand.The price action of the past few days is showing signs of forming a bullish ascending triangle pattern, which will complete on a break and close above $0.56. Buyers will have to keep the XRP price above the uptrend line to safeguard the setup.Cardano price analysisThe bulls have been trying to push Cardano (ADA) above the 20-day EMA ($0.25) for the past few days, but the bears have not relented.ADA/USDT daily chart. Source: TradingViewThe flattening 20-day EMA and the RSI just below the midpoint suggest a balance between supply and demand. If buyers sustain the price above the 20-day EMA, ADA price will attempt a rally to the overhead resistance at $0.28.Alternatively, if the price turns down sharply from the current level, it will signal that the bears are selling on relief rallies. A break and close below the $0.24 support will indicate the start of the next leg of the downtrend. The next support on the downside is at $0.22.Dogecoin price analysisDogecoin (DOGE) has been trading near the 20-day EMA ($0.06) for the past few days, indicating that the bears are defending the level aggressively.DOGE/USDT daily chart. Source: TradingViewA small positive in favor of the bulls is that they have not allowed the price to slip below $0.06. This suggests that the bulls are trying to clear the overhead hurdle. If the 20-day EMA gives way, the DOGE/USDT pair could climb to $0.07 and later to $0.08.Instead, if the price turns down sharply from the current level, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then aim to yank the price below $0.06 and challenge the critical support at $0.055.Solana price analysisAfter struggling to rise above the 20-day EMA ($19.55) for a few days, Solana (SOL) finally overcame the obstacle on Sept. 18.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is flattening out, and the RSI is just above the midpoint, indicating that the bears may be losing their grip. Buyers will try to push the price to the 50-day SMA ($21.14) and subsequently to the overhead resistance at $22.30. This level is likely to attract strong selling by the bears.This positive view will be invalidated in the near term if the SOL/USDT pair turns down and plummets below $18.50. The pair could then retest the strong support at $17.33.Toncoin price analysisToncoin (TON) is currently in a strong uptrend. The bulls are trying to strengthen their position further by pushing the price above $2.59, but the bears have held their ground.TON/USDT daily chart. Source: TradingViewAlthough the up-move is facing selling near $2.59, the bulls have not ceded ground to the bears. This suggests that the traders are holding on to their positions as they anticipate another leg higher. Above $2.59, the TON/USDT pair could reach $2.90 and eventually $3.28.The upsloping moving averages indicate an advantage to buyers, but the overbought level on the RSI warns of a possible correction or consolidation in the short term. The first support for the TON price on the downside is $2.25, and the next level to watch out for is $2.07.Polkadot price analysisThe bulls are struggling to propel Polkadot (DOT) above the breakdown level of $4.22, indicating that demand dries up at higher levels.DOT/USDT daily chart. Source: TradingViewThe bears will try to strengthen their position by sinking the price below the immediate support at $4. If they succeed, the DOT/USDT pair risks a slide to the crucial support at $3.90. A break and close below this level may start the next leg of the downtrend.Instead, if the price turns up from the current level and rises above the $4.22–4.33 resistance zone, it could lead to short covering. The pair can first reach the 50-day SMA ($4.50) and thereafter climb to the downtrend line.Polygon price analysisPolygon (MATIC) rose and closed above the 20-day EMA ($0.54) on Sep. 19, indicating that the bulls are attempting a comeback.MATIC/USDT daily chart. Source: TradingViewStill, the 20-day EMA is likely to witness a tough battle between the bulls and the bears. If the bulls maintain the price above the 20-day EMA, the MATIC/USDT pair could climb to the overhead resistance at $0.60 and then to $0.65.Contrarily, if the bears pull the price back below the 20-day EMA, it will signal that higher levels continue to attract selling. The bears will then try to build upon their advantage by pulling the price below $0.49.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.

Ukraine’s Prime Minister for Innovation, Education, Development, Science and Technology, Mykhailo Fedorov, said the country needs AI rules to advance its national defense responsibly. Within the new framework, the government hopes to track military resources and deploy countermeasures. Noir, funded by the privacy-centric Ethereum layer-2 solution Aztec, is lauded as a “fully open-source” domain-specific language engineered for “private, succinctly provable programs.” Decentralized Exchanges ExplainedIn the rapidly changing landscape of digital assets, Terra Luna Classic's LUNC has been catching the eyes of many cryptocurrency enthusiasts. While its current price hovers around the $0.00006 mark, its future potential remains a topic of significant debate and intrigue. With cryptocurrency markets known for their unpredictability, is a leap to $3 for LUNC over the next two years a realistic proposition? To answer that, we need to delve into its recent performance, technical indicators, and the overall market sentiment.Terra Luna Price As of October 8, the price of LUNC stands at a modest $0.00006, but what's truly noteworthy is its substantial 24-hour trading volume, which suggests heightened investor interest. Over the last day, LUNC has experienced a slight uptick of 0.10%. According to CoinMarketCap, LUNC's market capitalization is not yet comparable to major players like Bitcoin, but it has shown promising momentum.Terra Luna Price PredictionThe technical outlook on a 4-hour timeframe provides a deeper perspective on LUNC's potential trajectory. Currently, the pivot point is situated at $0.00006022. For traders and investors, key levels to watch include an immediate resistance at $0.00006215, with subsequent resistance points at $0.00006471 and $0.00006695. Should the token experience a downturn, it can expect support at $0.00005800, followed by deeper support levels at $0.00005586 and $0.00005421.Delving into technical indicators, the Relative Strength Index (RSI) for LUNC is at 42. Typically, an RSI below 50 indicates bearish sentiment. Another crucial indicator, the 50-day Exponential Moving Average (EMA), is currently at $0.00006022. The LUNC price's proximity to this EMA suggests a precarious position between a bullish and bearish trend.Terra Luna Price Chart - Soruce: TradingviewOne of the standout patterns observed in LUNC's chart is the symmetrical triangle formation. Such patterns often indicate a period of consolidation before a breakout. Interestingly, LUNC has also shown signs of a potential bearish break below the triple bottom pattern at $0.00005800. A confirmed breakout from the symmetrical triangle in the downward direction could lead to selling pressure, pushing the price towards the $0.00005421 mark.In conclusion, while LUNC is currently navigating a neutral to bearish terrain below $0.00006022, the dynamic world of cryptocurrencies means that anything is possible in the long run.Keep an eye on resistance and support levels. A breakthrough and maintenance above resistance levels could lead to more bullish momentum. Combine technical insights with market research before investing.New Altcoin Surges in Popularity: Here's What You Need to KnowEmerging altcoins might offer traders swifter and higher returns compared to LUNC, even though they remain well-placed. Fresh altcoins hold the promise of notably surpassing market expectations, especially if they haven't experienced their initial surge. This sentiment is especially relevant for tokens in presale, with TG.Casino (TGC) currently launching one of the most captivating new sales. They are introducing a decentralized casino platform integrated with the widespread Telegram messaging app's social reach.In the mere fortnight since its presale began, TG.Casino has accumulated nearly $635,000, signaling budding interest from investors. With a comprehensive assortment of games and betting choices, TG.Casino plans to utilize Telegram to engage with established investor and gamer communities.Having debuted just a few weeks prior, TG.Casino's integration with Telegram is anticipated to spur its userbase expansion rapidly.The TGC token, pivotal for engaging in games on TG.Casino, will not just be symbolic but will carry tangible utility. Its appeal is set to increase due to its staking capabilities.The token's maximum limit is set at 100 million. Out of this, 40 million is reserved for the presale, 20 million for staking incentives, and 10 million for gaming rewards, ensuring its widespread decentralization.To participate in TG.Casino's presale, investors can go to the official website and connect their software wallets. The wholesale price of 1 TGC is $0.125. However, the platform's strong fundamentals could lead to a potential increase in its price once it gets listed on exchanges.Visit TG.Casino NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Cardano Price Prediction as ADA Becomes Top 10 Coin in the World – Can ADA Reach $100? Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy.

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