CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, KUCOIN News
Bitcoin goes green, why BTC could soon break $50,000
The price of bitcoin has started a strong rise above $45,000 against the U.S. dollar.
The bitcoin price began a strong rise above the $45,000 resistance level. “The bulls gained strength and the price rose above $47,500 resistance. It even surpassed the $48,800 level and traded as high as $49,257. It is now correcting lower and trading below $48,500. The closest support on the downside is near the $47,500 level.
Bitcoin is now trading well above the 23.6% Fibonacci retracement level of the recent rally from a swing low of $40,890 to a high of $49,257. There is also a key bullish trend line forming on the hourly chart of the BTC / USD pair with support near $47,000.
Bitcoin price is gaining momentum.
Ethereum Bulls under control, why ETH could rise above $3,500
Ethereum has strengthened above $3,200 and $3,350 against the U.S. dollar.
Ethereum formed a base above the $3,000 level and started a new rise. There was also a close above the $3,300 level and the 100-hour simple moving average. The price reached $3,489 and recently corrected lower, as did bitcoin. Ether has fallen below the $3400 support level. There was a break below the 23.6% Fibonacci retracement level of the upward move from a low of $2,970 to a high of $3,489.
On the hourly chart, ETH / USD has broken below a key bullish trend line with the support of around $3,400. It is now trading above the $3,320 support level.
Ethereum price is stuck below resistance
Biden admin convenes 30 countries to discuss ransomware and international cybercrime
In a statement released Oct. 1, the White House said it plans to convene 30 countries for Cybersecurity Month as part of a “nationwide effort to counter cyber threats.”
The administration is apparently going to rally NATO and G7 members on the issue. After a tumultuous spring, cybersecurity and especially ransomware have become top national and international security priorities.
Bitcoin miners’ earnings soar in September, optimistic signs for fourth-quarter 2021
Bitcoin posted moderate results in the last month of September in terms of price performance.
The world’s largest cryptocurrency corrected 20% over the past month. Moreover, the good thing is that despite the price correction, BTC miners’ revenue has risen sharply over the past month. Network data provider Glassnode reports that bitcoin miners made a good $40 million a day in revenue last month. It goes on to note :
Visa develops compatible transfers between CBDC payments
Visa Inc. has taken another step toward realizing its vision for central bank digital currencies.
Visa said it is developing a universal payment channel that acts as a hub, connecting multiple blockchain networks and transferring different digital currencies.
Catherine Gu, the lead product specialist at Visa CBDC, spoke about the development and said: “Think of it as a” universal adapter “for blockchains, allowing central banks, businesses, and consumers to seamlessly exchange value, regardless of the form factor of the currency. “
Visa reported on UPC
KuCoin closes Chinese user accounts after other cryptocurrency exchanges
Cryptocurrency exchange KuCoin announced its intention to close all accounts associated with customers from mainland China.
On Oct. 3, the Seychelles-based crypto exchange said all mainland Chinese users would have to close their accounts and withdraw their funds from the platform by Dec. 31, 2021.
Axie Infinity launches decentralized exchange
Axie Infinity is connecting the nascent gaming world with the decentralized finance marketplace with the launch of a new decentralized exchange.
The new product announced exclusively on The Scoop podcast will make it easier to trade tokens used in its ecosystem. Axie Infinity, launched by Sky Maven, allows users to buy, sell and breed creatures called axioms.
At least 6,000 Coinbase accounts have been hacked
Coinbase issued a hacking notification letter stating that at least 6,000 user accounts had fallen victim to hackers.
The letter noted that unauthorized third parties used Coinbase‘s SMS account recovery process and transferred user funds to accounts outside of Coinbase. However, the company added that the third parties needed to have email addresses, passwords, and phone numbers, as well as access to the email.
Coinbase believes that users were victims of a phishing attack or similar attack to disclose this information and that there was no evidence that the information was taken directly from Coinbase. The exchange states that account recovery protocols via SMS were updated after Coinbase discovered the problem.
6,000 Coinbase accounts were hacked
What Can Switching Systems Bring You?
Every year I spend some time travelling around to personally inspiring places to gain some distance from my trading so I can come up with new ideas and thoughts that can be as “out-of-the-box” as possible. In this respect, Singapore has had an especially strong impact on me. It is where I always come up with dozens of new ideas. Today I will share an interesting idea that crossed my mind in this inspiring country.Why You Should Use an Auto-Adaptive Approach
Today’s markets aren’t the same as 30 years ago. The impact of algorithmic trading on markets is substantial and changes as well as fundamental movements inside markets are much faster than ever before. Today it is more important than ever in history to know how to adapt. And this should also be one of the characteristics of your current ATS.
In today’s article I would like to introduce an interesting thing on which I have spent quite some time. It’s about a few simple comparisons which I believe will interest common day traders. I will indicate new possibilities on how to grasp day trading.All About Share Market Trading
The article is about to guide freshers in Share Market Trading, as they don’t have enough knowledge and seeking for the content that guides them “how stock trading works”. So here I mention all the essentials required for share market trading. I hope it will be beneficial for all readers.
Relatively often, I find myself in situations where beginning traders are telling me that they have done all the necessary work such as backtesting and profitable papertrading, but they still can’t find the courage to click “live”. Therefore I will try to summarize a few pieces of advice and tips in today’s article.How Schumann Resonance Fluctuations Affect Your Brain
Our environment and our brains are linked through the Schumann resonance. We depend on this connection to function as human being. The increasing frequency fluctuation are putting immense pressure on our brains. We need tools to compensate for this strain to maintain trading performance.What Drives Your Trading? The Need To Avoid Losses, Or The Desire To Win?
Most traders trade with the dominant intention not to lose rather than with a clear intention to win. The habit is hard wired into the survival part of the brain and needs unlocking to make you a winning trader.Carry Trading: What Is It and How to Profit From It?
This article will describe this long term trading strategy used mostly by institutional investors. We will be highlighting rewards and risks in a simple way to make it possible for you to use it as well.Reducing Drawdown by Almost 70% in 7 Minutes
In today’s article, I will show you, step by step, how effective work with Market Internals can lead to drawdown reduction by up to 70%, taking just seven minutes of work (on a regular PC – using a laptop would take a little more time). So, let’s get to it.Buying Into Bitcoins
With the 21st century demand for quick and big profits, one of the most controversial new investment vehicles has been Bitcoins, the virtual currency. It’s gained controversy partly because of its volatility, partly through the instability of Bitcoin exchanges and partly because their in-traceability meant they were a favored payment method for criminals.
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