[ad_2][ad_1] For the day ahead Litecoin is expected to move back through the $ 57.92 pivot to support a run at the first major resistance level at $ 59.32. However, support from the broader market would be needed for Litecoin to break out of Tuesday’s high of $ 59.10. Barring …
Read More »ASX’s blockchain-based CHESS replacement has been brought forward until April 2023
[ad_2][ad_1] The Australian Securities Securities Exchange (ASX) has built the world’s first true industrial-scale blockchain use case: a new post-trade solution to replace its legacy Clearing House Electronic Subregister System (CHESS) platform, which is in operation for about 25 years. While delivering the organization’s financial results in February, ASX CEO …
Read More »Ripple’s Ethereum, Litecoin and XRP – Daily Technical Analysis – 28 October 2020
[ad_2][ad_1] Ethereum Ethereum was up 3.22% on Tuesday. Reversing the 3.25% decline from Monday, Ethereum ended the day at $ 405.74. It was a relatively limited start to the day. Ethereum fell to a morning intraday low $ 390.35 before making a move. Avoiding the first major support level at …
Read More »ETH must maintain a critical support level to avoid sliding to $ 370
[ad_2][ad_1] Ethereum broke out of an ascending triangle on October 22. The price retested the new support level established at $ 390 for three consecutive days. Ethereum had a huge breakout above a daily ascending triangle on October 22, jumping to $ 421 but getting very little continuation over the …
Read More »KPMG, Coin Metrics Partner for the growth of institutional adoption of cryptography
[ad_2][ad_1] In the letter KPMG is a leading accounting firm. It will integrate Coin Metrics’ blockchain products with its existing digital asset product. The move should help it stay relevant to institutional clients looking into the cryptocurrency. KPMG, one of the “Big Four” accounting firms along with Deloitte, EY and …
Read More »Ethereum analytics firm Nansen secures a $ 1.2 million seed investment
[ad_2][ad_1] Share this article Nansen is a subscription-based Ethereum data startup started by Alex Svanevik, Evgeny Medvedev and Lars Bakke Krogvig. Nansen makes the first investment ever Mechanism Capital and Skyfall Ventures led Nansen’s first round of funding with additional support from Robot Ventures, Volt Capital, Fabric Ventures, and others. …
Read More »Serum Swipes to Ethereum DeFi with ‘Swap’ powered by Solana
[ad_2][ad_1] In the letter Swap, an automated market maker like Uniswap, has launched Serum. Serum provides a DeFi infrastructure using the Solana blockchain, a competitor to Ethereum with faster block times and higher transactions per second. Swap on Serum will pass Serum’s native SRM token to liquidity providers for one …
Read More »Bitcoin Growth Nears Its Highest Level In Nearly 3 Years, And Is Set To Test A Key Technical Level That Could Spur A Move Towards $ 20,000 | Currency News | Financial and business news
[ad_2][ad_1] FILE PHOTO: Representations of the virtual currency Bitcoin are seen in this image taken Reuters Bitcoin rose more than 3% on Tuesday as it approached a key resistance level at $ 14,000. Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell and …
Read More »The “ASIC funding” is reducing the profitability of Bitcoin mining
[ad_2][ad_1] The profitability of bitcoin mining is in the basement, with historic lows in 2020. Conversely, Bitcoin’s hashrate increased during 2020, partly driven by mining farms funding new hardware to boost their operations. Bitcoin’s hashrate has plummeted as China’s rainy season draws to a close, but mining professionals predict it …
Read More »Adoption of Blockchain by rising banks globally – JP Morgan, United MultiState, DBS
[ad_2][ad_1] Over the past year, there has been a lot of talk about central banks and the foray into central bank digital currencies (CBDCs). This was highlighted in a recent survey by the Bank for International Settlements (BIS), which found that around 80% of central banks are in the midst …
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