Connect with us

Blockchain

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Bitcoin Cash bounced between the $450 and $520 regions as neither buyers nor sellers were able to assert their dominance in the market. Zcash faced some short-term bearishness as it headed toward the

The post Bitcoin Cash, Zcash, Decred Price Analysis: 17 January appeared first on AMBCrypto.

Avatar

Published

on

Bitcoin Cash bounced between the $450 and $520 regions as neither buyers nor sellers were able to assert their dominance in the market. Zcash faced some short-term bearishness as it headed toward the $100 region of support, while Decred shrugged off last week’s drop and looked likely to flip the $60 level to support.

Bitcoin Cash [BCH]

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Source: BCH/USDT on TradingView

For the upward move from $266 to $629, Fibonacci retracement levels were plotted. BCH faced rejection from the 23.6% retracement level at $514, which is in close proximity to the level of resistance at $504, making it an important region of supply.

The RSI oscillated about the neutral 50 mark and BCH has bounced between the $520 to $450 levels multiple times over the past week. This indicated some indecision in the market, and mark these as short-term areas of interest.

Unless the sellers force the price decisively beneath $450, it can be expected that BCH will eventually continue its prior trend to the upside.

Zcash [ZEC]

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Source: ZEC/USDT on TradingView

ZEC reached a local high at $120 recently and has slowly been pushed downward since. The MACD indicated short-term bearish momentum.

ZEC bounced off the 23.6% retracement level at $100 but was unable to push past $106, and is likely to test $100 over the next few hours.

Closing a trading session beneath this level would see ZEC drop further to test $90, the 38.2% retracement level, in the coming days. However, the longer-term outlook for ZEC remains bullish.

Decred [DCR]

Bitcoin Cash, Zcash, Decred Price Analysis: 17 January

Source: DCR/USDT on TradingView

Decred continued to move on its strong uptrend after facing a small bout of selling pressure during last week’s market-wide correction. DCR dropped from $60 to $45 but recovered quickly and tested $60 as resistance as it formed a series of higher lows.

The OBV formed consistent higher lows as well to indicate strong buying volume behind the gains DCR makes. The Awesome Oscillator showed bullish momentum behind DCR and indicated that it was likely DCR would flip $60 from resistance to support in the coming hours.

Source: https://ambcrypto.com/bitcoin-cash-zcash-decred-price-analysis-17-january

Blockchain

BitGo Acquires Trust License From New York Regulators

BitGo has acquired a New York Trust license from the New York State Department of Financial Services.

Avatar

Published

on

Table of Contents

Rate this post

According to an announcement made by BitGo, the American digital asset custody and security company has acquired a New York Trust license from the New York State Department of Financial Services. The new charter will enable BitGo to provide custodial services for institutional clients in New York, seeking to make large investments in crypto in compliance with local regulations. 

BitGo Acquiring Trust License

BitGo will provide Know Your Customer KYC and Anti-money Laundering Controls with the new license. The security company will also offer offline cold storage of cryptographic keys in bank-grade vaults. 

Mike Belshe, BitGo CEO clarified that the new trust charter from NYDFS will help the company serve the New York-based world’s premier financial organizations. Belshe added  

“The past year has been exceptional for BitGo and the digital asset markets overall, primarily due to the influx of large financial services institutions that bring a new level of credibility, liquidity, and stability to the crypto ecosystem.”

He also expressed his delight upon receiving the license stating “We are extremely proud to receive the approval for a trusted charter from NYDFS to serve the world’s premier financial organizations that are based in New York State.” 

According to Belshe, Digital asset markets overall, primarily due to the influx of large financial services institutions that bring a new level of credibility, liquidity, and stability.

BitGo Application The New York Trust Charter

BitGo applied for the New York trust charter in August 2020 to start operating as an independent and regulated custodian in the state. 

Founded in 2013, BitGo provides institutional-grade storage of cryptocurrencies as well as handling crypto transactions. Backed by Goldman Sachs as well as industry firms like Digital Currency Group and Galaxy Digital Ventures, BitGo has established two new custodial subsidiaries in Switzerland and Germany.  

Last year, BitGo also made headlines due to their partnership with TRON as they launched Wrapped BTC as a TRC-20 token on the Tron Blockchain.

READ  New York Shutting Down Bitfinex and Tether For Hiding Millions of Losses

#BitGo Application #New York trust charter #Trust license from New York #Wrapped BTC

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.cryptoknowmics.com/news/bitgo-acquires-trust-license-from-new-york-regulators

Continue Reading

Blockchain

Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

Singapore-headquartered digital asset exchange Bybit will suspend its services to UK citizens following the FCA ban on crypto derivatives trading. 

Avatar

Published

on

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. 

  • Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent press release
  • The statement informed that all UK users have to close all of their opened positions and withdraw all account balances by 8 AM UTC, March 31st, 2021. Following that date, UK citizens will be “restricted from accessing or performing any trading activities on Bybit.” 
  • Furthermore, the exchange will immediately restrict all new registrations using UK mobile numbers and/or IP addresses. 
  • Bybit’s decision is a direct consequence of a ban on crypto derivatives trading in the UK instituted by the country’s regulator – the Financial Conduct Authority (FCA). 
  • CryptoPotato reported last year that the watchdog planned to prohibit the sale, marketing, and distribution to all retail customers of crypto derivatives and exchange-traded notes (ETNs).  
  • At the time, the FCA described such products as “ill-suited for retail customers due to the harm they pose.” It also outlined that traders are unable to determine a reliable value because of the extreme volatility in the market and inadequate understanding. 
  • Interestingly, though, even the UK population couldn’t stop the FCA from implementing the ban as a survey compiled by the watchdog suggested that over 97% disagreed with the decision. 
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cryptopotato.com/bybit-to-cease-services-for-uk-citizens-following-the-fca-ban-on-crypto-derivatives-trading/

Continue Reading

Blockchain

Sports And Entertainment Centric Token Chiliz CHZ Added To The Growing List Of Coins On OKEx

Sports and entertainment are one of those industries that were hit hard by the pandemic, but fan-focused collectibles offered as crypto assets called NFTs have supplied them the much needed recovery in terms of revenue and resurgence of interest. This booming trend has exploded across mainstream media, and to meet the growing demand from customers across the globe, OKEx has listed Chiliz’s CHZ token for spot trading on the popular cryptocurrency trading platform. Leading Crypto Trading […]

Avatar

Published

on

Advertisement

Sports and entertainment are one of those industries that were hit hard by the pandemic, but fan-focused collectibles offered as crypto assets called NFTs have supplied them the much needed recovery in terms of revenue and resurgence of interest. This booming trend has exploded across mainstream media, and to meet the growing demand from customers across the globe, OKEx has listed Chiliz’s CHZ token for spot trading on the popular cryptocurrency trading platform.

Leading Crypto Trading Platform OKEx Lists CHZ To Support Sports And Entertainment

OKEx is keen on staying many steps ahead of the current ongoing trend. This is evident by the platform’s commitment to be amongst the first to introduce innovative DeFi projects and other niches within the blockchain space. As a result, OKEx has opened deposits for Chiliz’s CHZ token starting March 3, with spot trading and withdrawals going live shortly after that. 

“Chiliz has uncovered another key use case for blockchain technology showing how the sports and entertainment industries can adapt to an increasingly digital world and create new revenue streams beyond traditional sources,” commented OKEx CEO Jay Hao.

Hao says the company couldn’t be more happy to support the initiative, continuing that fans adopting cryptocurrencies could help propel the asset class into the “mainstream” – and it has as of late.

Half A Million Downloads By Fans And Climbing: Why CHZ Is The Hottest Crypto Token Around

With restrictions still taking some of the thrills out of spectator sports and other forms of live entertainment, these industries have struggled to maintain revenue to the detriment of fan engagement. Chiliz’s platform Socios.com, launched in 2018, helps clubs and franchises serve fans, bolster engagement, and generate new lucrative revenue streams.

More than 20 major sporting and eSport organizations have developed Fan Tokens through Socios.com in an attempt to digitally monetize each brand’s loyal global fanbase, ranging from FC Barcelona to Paris Saint-German, AC Milan to Team Heretics, and many more.

With more than half a million downloads from supportive fans around the world, Fan Tokens helped generate $30 million in revenue for Socios.com and its partners in 2020. And with fan-focused tokens becoming the hottest trend in crypto, 2021 is set to be even more profitable for partners. 

OKEx Is Giving Fans Over $150,000 In Fan Tokens At CHZ Listing Debut 

To celebrate the listing of CHZ, OKEx will issue $150,000 USD worth of Fan Tokens in a CHZ community giveaway. The giveaway phase started on March 3 when CHZ deposits went live and remains active until March 10 at 7:00 AM UTC.

Users are already eligible to win the lucky draw for one of two massive prize pools consisting of $75,000 each, as well as an additional $10,000 in CHZ rewards available through referrals, by simply depositing or trading CHZ.

For a full list of official rules, visit the official giveaway landing page on OKEx.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://bitcoinist.com/sports-and-entertainment-centric-token-chiliz-chz-added-to-the-growing-list-of-coins-on-okex/?utm_source=rss&utm_medium=rss&utm_campaign=sports-and-entertainment-centric-token-chiliz-chz-added-to-the-growing-list-of-coins-on-okex

Continue Reading
Blockchain2 days ago

Amplifying Her Voice

Blockchain5 days ago

Cardano Price Analysis: 28 February

Blockchain5 days ago

Weekend Roundup: Rows of Red as Bitcoin Taps $43,000

Blockchain2 days ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain5 days ago

Breaking Down Square’s Bitcoin (BTC) Position

Blockchain5 days ago

A Week Full of Coinbase (March 1, 2021)

Blockchain2 days ago

Blockchain in Mobile Application Market

Blockchain5 days ago

‘Bitcoin Aristocrats’ Pose Danger to New Adopters

Blockchain5 days ago

Bitcoin Is Suffering, but Many Institutions See This as an Opportunity

Blockchain5 days ago

Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust

Blockchain2 days ago

BaderDAO DeFi Protocol Launches Bitcoin Bridge with Ren

Blockchain2 days ago

Kine Protocol to Launch Professional-Grade DeFi Derivatives Markets

Blockchain2 days ago

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Blockchain5 days ago

Crypto Exchange Mistakenly Sold Bitcoin for $6,000: Now Requests Users To Return It

Blockchain5 days ago

Data shows miners are “accumulating” as Bitcoin falls to $44,000

Blockchain3 days ago

Ethereum Layer 2 Development Investing Round Led by Union Square Ventures

Blockchain5 days ago

Bitcoin Miners Net Position Turn Positive: A Crypto Bull Case? 

Blockchain5 days ago

Bitcoin Cash, Uniswap, Zcash Price Analysis: 28 February

Blockchain5 days ago

Crypto Analyst Ivan Liljeqvist Expects These 3 Cryptoassets to Do Well in March

Blockchain5 days ago

Ripple-Backed Developer Launches Proposal To Bring Red-Hot NFTs to XRP Ledger

Blockchain5 days ago

Bitcoin Price Prediction: BTC/USD Moves Below $44,000; Opportunity to Buy Low or Keep Off

Blockchain5 days ago

Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Blockchain5 days ago

What is Crypto Art?

Blockchain2 days ago

ECOMI to List OMI Tokens With BitMax

Blockchain2 days ago

BCH Likely to Slide Below $500 Soon – Technical Analysis

Blockchain2 days ago

Fed’s Brainard Speech Offsets Bitcoin Crash Fears against Rising Yields

Blockchain2 days ago

Santiment Reveals Top 10 Ethereum Projects by Developer Activity

Blockchain2 days ago

US SEC issues a risk alert on digital asset securities.

Blockchain2 days ago

Blockchain in Sports Betting

Blockchain5 days ago

Mining Rig Manufacturers Diversify as Market Heats up

Trending