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Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 47999.99 area after trading as low as the 45088.88 area during the North American session, with the interday low below the 50% retracement of the appreciating range from 41509 to 48912.   Chartists observe the 50% intraday high represented a test of the 50-hour simple moving average.  Traders are waiting to see if BTC/USD will again test the psychologically-important 50000 figure.  Stops were recently elected below a series of downside retracement levels including 51473.20, 50674.71, 49674.05, 48741.27, 48371.21, and 47208.40.  If BTC/USD extends its move lower, traders will pay close attention to potential areas of technical support including 44441.89, 43761.50, 42786.36, 42259.21, and 41537.23.  Stops were recently elected above many significant technical levels during the latest move to a new all-time high, including the 51732.54, 52505.24, 53194.95, 53276.47, 54400, 55266.17, 55715.92, 56761.65, and 57427.73 levels.  These areas relate to historical buying pressure around the 17580, 21913.84, 27678, 16200, 27678, 21913.84, and 9819.83 levels.  If BTC/USD continues its upward strength, traders will focus on upside price objectives including the 58896.80, 59724.81, 59792.54, 60,069.04, 60368.14, 60522.13, and 61064.65 levels.   Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 50198.36 and the 50-bar MA (Hourly) at 48042.74. Technical Support is expected around 44441.89/ 43761.50/ 42786.36 with Stops expected below. Technical Resistance is expected around 58896.80/ 59724.81/ 59792.54 with Stops expected above.   On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                                                                                                                                      Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Ethereum (ETH/USD) moved higher early in today’s Asian session as the pair appreciated to the 1516.49 area after trading as low as the 1411.11 area during the North American session, with the interday high around the 1564.11 area representing a test of the 50-hour simple moving average.  Chartists observe the intraday high represented a test of the 23.6% retracement of the depreciating range from 2041.42 to 1356.  Stops were elected above various retracement levels during the recent recovery higher, including the 1633.50 area that represents the 61.8% retracement of the depreciating range from 1805.03 to 1356.  Stops were elected below many downside retracement levels during the depreciation earlier this week, including 1773.22, 1747.24, 1722.31, 1702.67, 1656.37, 1607.31, 1585.49, and 1540.52. If ETH/USD extends its recent depreciation, potential technical support includes 1328.99, 1285.87, and 1205.96. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. Stops were also recently elected above upside price objectives including the 1711.20, 1716.45, 1733.12, 1750.63, and 1805.21 levels, upside price objectives were technically significant on account of buying pressure that originated around the 148.08, 310.79, 439.77, and 123.72 areas.  If ETH/USD is able to extend its upward gains, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.  Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the 200-bar MA (4-hourly) at 1636.09 and the 50-bar MA (Hourly) at 1529.65. Technical Support is expected around 1328.99/ 1285.87/ 1205.96 with Stops expected below. Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                                                                                                                                                       Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitcoin is not a speculative bubble fueled by degenerate gamblers. It’s capital flight from collapsing fiat currencies. The post Why Won’t Bitcoin Die? Because You Need It appeared first on Bitcoin Magazine.
NBA NFTs are one of the most active intersections between the cryptocurrency digital asset and collectible ecosystems, and the closest NFTs have come to the mainstream (so far.) Created by… The post What is NBA Top Shot? A Booming Blockchain-based Market of NFTs appeared first on CoinCentral.
The Tokyo District Court has made an order to file the Draft Rehabilitation Plan for Mt. Gox towards a resolution.This recent ruling on the rehabilitation plans comes as positive news for its previous clients, however, this has had dire effects on Mt. Gox shareholders: Tibanne and Jed McCaleb. The now-bankrupt exchange is 88% owned by Tibanne Ltd., which itself is owned solely by the former CEO, Mark Karpelès. The remainder is held by Mt. Gox’s core dev and creator, McCaleb, who has shifted to working with Stellar. In an announcement made Wednesday, February 25th by Mt. Got rehabilitation trustee, Nobuaki Kobayashi, it was detailed that the Tokyo court has allowed previous creditors of the now defunct Japanese cryptocurrency exchange to proceed with a vote on how to go about with the refund plan. The reparations for aggrieved clients of the cryptocurrency exchange will thus continue according to the suggested timeline for recompense, as detailed in a previous filing last December 15, 2020.  Kobayashi, whom the Tokyo court has appointed as trustee representing Mt. Gox reportedly holds 150,000 BTC, which amounts to about US$7.6 billion. Since the exchange ceased operations in 2014 after losing some 850,000 BTC, with 100,000 of those belonging to Mt. Gox, and the rest to its clients. Mt. Gox officials later set forth to claim that they have recovered 200,000 BTC, following what has been known in crypto history as one of the most devastating hacks in the industry, having affected some 24,000 holders and clients. Following the refund roadmap, previous creditors of the defunct exchange must comply with the deadline set by the Tokyo District Court, with voting on the new plans closing out by March 24th, 2021. Kobayashi informed Mt. Gox creditors that this voting mechanism may begin with their registration, which they may do by using the creditor numbers they’ve previously received. According to Kobayashi, the court approved the compensation timeline alongside the refund roadmap after a careful review. As detailed in the court document, the deadline for notice of non-uniform exercise of voting rights is settled to be on September 10th, 2021. All processes pertinent to the decision would be done both online and through traditional mail, with a deadline set for the vote on October 8th, 2021. Additionally, in-person voting would be done on October 20th, 2021, during which the creditor meeting on the final resolution on the currently drafted resolution plan would take place. The reparations and civil rehabilitation plan, as handled by the Tokyo District Court and representatives of Mt. Gox, is designed to allow the trustee, Kobayashi, to craft his own plan according to capacity, and as approved by the voting body of previous holders.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
After several tweets he made regarding the cryptocurrency Dogecoin, Tesla CEO Elon Musk is again on the sights of the U.S. SEC, over alleged cryptocurrency manipulation, in relation to his pronouncements online which have tended to trigger commensurate movements in the crypto market. The tech entrepreneur has been tweeting repeatedly about Dogecoin, and has had the attention of a mass audience of about 48 million followers on the micro-blogging platform through his personal account. Musk's presence on Twitter has, for a couple of years now, caused troubles with the SEC, with a 2018 lawsuit filed and paid for after a settlement was agreed upon, to the tune of US$20 million for both Tesla and Musk apiece. At the time, Musk did buy $20 million worth of shares (71,000) from his own company, in an effort to mitigate the SEC fines. The ruckus resulted to Musk stepping down as Chairman of the Board for Tesla. Wild speculation about the potential new inquiry into Musk's social media statements by the Securities and exchange Commission (SEC) began circulating on Thursday, 25th of February. This was ignited by a tweet from a financial markets newswire. In response, this was what the electric vehicle and space explorations magnate had to say, in all jest. According to CoinMarketCap data, Dogecoin's price has soard to at least 500% during the past month, although historically its charts are barely at breakeven if one started to invest in it since its inception as a meme coin in late 2013. The cryptocurrency now has a market capitalization of over $6 billion. In an interview in late January 2021 with exclusive audio app Clubhouse, Musk said that he occasionally makes jokes about the cryptocurrency (DOGE), "but they are really just meant to be jokes," adding that while he was initially doubtful of Bitcoin, he does think bitcoin is a good thing. I am a supporter of bitcoin, and I think bitcoin is really on the verge of getting broad acceptance by conventional finance people." Almost a month later, a seemingly uncorrelated twist of events has happened: Tesla has bought $1.5 billion worth of Bitcoin, and the cryptocurrency's price have since shot up from the $30,000 level to the $50,000 range. Musk's statements have sparked renewed interest in crypto, and as the cryptocurrencies and networks work together to build a decentralized future, it remains to be seen whether a single individual such as musk could influence the outcomes for this now decade-old industry. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Singapore, Singapore, 26th February, 2021, // ChainWire // Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place […] The post Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming appeared first on Global Coin Report.
Google and D-Wave Systems say they’ve achieved a new milestone in the world of quantum computing. In a press release, D-Wave says its quantum device has far outpaced a classical computer in a direct competition to complete a difficult computational problem. The device successfully modeled the behavior of a spinning two-dimensional “quantum magnet,” and was […] The post Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem appeared first on The Daily Hodl.
Singapore, Singapore, 26th February, 2021, // ChainWire // Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. […]
Strategists at U.S. investment banking giant JPMorgan suggested that investors should consider allocating a small percentage of their portfolio to bitcoin. The strategists’ comments come amid an increase in bitcoin adoption by institutional investors. Strategists Say Bitcoin is a Hedge According to Bloomberg on Thursday (Feb. 25, 2021), strategists Joyce Chang and Amy Ho inRead More
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