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Ethereum, Theta, Filecoin Price Analysis: 08 June

After Bitcoin fell by 9% and moved towards $32,000, bearish sentiment was present across the broader market. While alts such as Ethereum, THETA and Filecoin still held on to key support levels, they r

The post Ethereum, Theta, Filecoin Price Analysis: 08 June appeared first on AMBCrypto.

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After Bitcoin fell by 9% and moved towards $32,000, bearish sentiment was present across the broader market. While alts such as Ethereum, THETA and Filecoin still held on to key support levels, they remained exposed to a sharper sell-off.

Ethereum [ETH]

Source: ETH/USD, TradingView

As Ethereum approached its critical resistance mark around $2,900, a breakout was denied yet again as sellers regained control of the market. In fact, ETH broke south of an ascending triangle- representing losses of 8% from the bottom trendline. While there was some support at $2,500, selling pressure could cause another breakdown. MACD highlighted a bearish crossover and threatened to fall below equilibrium.

Awesome Oscillator noted bearish momentum. A breakdown could trigger retracements towards the $2,200-mark, whereas a sharper sell-off could even drag the cryptocurrency towards  $,1900. If losses are maintained at $2,500, a breakout above $3,000 would still be on the table.

Theta [THETA]

Source: THETA/USD, TradingView

THETA trimmed its losses to 8% over the last 24 hours as it seemed to find support at $8.27. Its movement was also within its up-channel as THETA’s projected range between $8 and $11 remained intact. On the downside, THETA’s indicators pointed towards several warning signs.

Bearish divergence on RSI confirmed the most recent pullback, but its downtrend was more disconcerting. A bearish twin peak setup on Awesome Oscillator also suggested some incoming selling pressure. Losing out on the bottom trendline of the channel could trigger a 26% fall towards the $6-mark.

Filecoin [FIL]

Source: FIL/USD, TradingView

While Filecoin seemed to prepare for its next upcycle after moving sideways between $95.5 and $85, a broader market correction added a spanner in the works. On the 4-hour chart, FIL dropped below the aforementioned channel and headed towards the next line of defense at $75. Interestingly, Stochastic RSI neared in on a bullish crossover in the oversold zone and suggested that FIL could hold on to its press time support. The hourly timeframe even noted some bullish resurgence at this level.

However, bearish momentum has been on the up on Awesome Oscillator and FIL was vulnerable to another breakdown. In such a case, buyers would likely return between $60-65.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/ethereum-theta-filecoin-price-analysis-08-june

Blockchain

VanEck Bitcoin ETF: SEC delays decision and additionally seeks public comment

The US Securities and Exchange Commission has a history of delaying the approval of Bitcoin ETFs. The regulatory hurdles and the indefinite rejections in the past have dented the hopes of a quick SEC

The post VanEck Bitcoin ETF: SEC delays decision and additionally seeks public comment appeared first on AMBCrypto.

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The US Securities and Exchange Commission has a history of delaying the approval of Bitcoin ETFs. The regulatory hurdles and the indefinite rejections in the past have dented the hopes of a quick SEC approval. Crypto-enthusiasts have already been frustrated by the SEC’s reluctance to sign off on an ETF.

In what is the most recent development, the agency further delayed passing its judgment on the VanEck Bitcoin Trust. 

Usually, the SEC delivers a decision on a particular application within 45-day windows. However, to date, the agency has used the upper cap, 240 days, to review most of the Bitcoin ETF applications and has ended up rejecting them. It should be noted that this is the second time that the regulatory body has extended its review period by 45 days for VanEck’s ETF. Previously, in April, the SEC stated that it needed “sufficient time” to evaluate the aforementioned proposal.

Additionally, the SEC has asked for public comment on VanEck’s application. Interested parties need to answer questions with relevant data to substantiate their views on how vulnerable the ETF would be to “market manipulation” and whether or not the regulatory ecosystem has “changed” since 2016. Other questions require the commentators to shed light on their views about the “transparency” of Bitcoin and their standpoint on the “size and regulation” of CME’s Bitcoin futures contracts. 

The SEC has time and again highlighted its concerns over fraud and manipulation in the BTC markets. Additionally, since the agency doesn’t have any control over exchanges, the regulators in the US feel that their “investor protection” obligation gets obstructed.  

However, the community presumed that the regulatory body would be more receptive to the crypto space under the novel leadership of Gary Gensler, but this decision has not sent out the message the community was expecting. However, Galaxy Digital’s exec, Mike Novogratz had recently stated that, in his opinion, ETFs would go live either by the fourth quarter this year or the first quarter next year. Now, since the brakes have already been applied, the approval is likely to delay itself even further. 


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/vaneck-bitcoin-etf-sec-delays-decision-and-additionally-seeks-public-comment

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Crypto fintech Centbee selected for regulatory sandbox

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YouTube has banned ads about gambling, alcohol, politics, and prescription drugs from its masthead, the website’s most prominent advertisement slot. Axios reported the ban…

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ventureburn.com/2021/06/crypto-fintech-centbee-selected-for-regulatory-sandbox/

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Blockchain

Crypto fintech Centbee selected for regulatory sandbox

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YouTube has banned ads about gambling, alcohol, politics, and prescription drugs from its masthead, the website’s most prominent advertisement slot. Axios reported the ban…

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ventureburn.com/2021/06/crypto-fintech-centbee-selected-for-regulatory-sandbox/

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Finnovex Southern Africa 2021 to be Held on July 27, 28

Exibex organises the 2nd Annual Edition of Finnovex Southern Africa and 7th Edition from the Finnovex Global Series to examine how technology is Changing the Delivery of Banking and Financial Services. It is imperative to invest in a digital future and develop new technological solutions in data, advanced analytics, and digital and new delivery platforms. … Continued

The post Finnovex Southern Africa 2021 to be Held on July 27, 28 appeared first on BeInCrypto.

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Exibex organises the 2nd Annual Edition of Finnovex Southern Africa and 7th Edition from the Finnovex Global Series to examine how technology is Changing the Delivery of Banking and Financial Services.

Sponsored
Sponsored

It is imperative to invest in a digital future and develop new technological solutions in data, advanced analytics, and digital and new delivery platforms. It is also important that fintech and banks collaborate to support businesses and aid people to remain safe, healthy, productive, and connected in the face of COVID-19 and beyond.

The Summit will be held on July 27-282021 and it will hostCXOs, Senior Vice Presidents, Vice Presidents, Directors, and Heads of departments from the Banking and FI industry involved in:

Sponsored
Sponsored

Mobile Banking; Digital Transformation; Digital Banking; Blockchain; Cyber & Cloud Security; Islamic Banking; Fintech; Strategy & Operations; Retail Banking; R&D Innovation; Risk & compliance Management; Product Development; Cryptocurrency; Customer Experience; IT; Big Data Analytics; Open Banking (API) and Innovation.

The event, being organised by Exibexwill be held virtually. Finnovex Southern Africa is a part of the Finnovex Global Series.

This year’s edition is themed “Adapting Reinvention to Rapidly Changed World”.

Anticipate:

➤ 25+ Trail Blazer Speakers

➤ 250+ Delegates

➤ 4+ Panel Discussions

➤ 8+ Networking Hours

➤ 10+ Keynote Sessions

Here are the attendee benefits:

Meet new, creative and inspired people, and form strategies you need to grow. Network, Share ideas and learn new strategies with over 250 of the sharpest minds in banking and financial services.

✓ Learn how to evaluate, deploy, use, and customize the financial technologies to improve business processes

✓ Hear first-hand from customers on the challenges they face across the entire value chain of financial processes

✓ Take away lessons learned, valuable case studies and key insights from peers to apply within your operations

✓ Meet with Fintech solution management, development, support and consulting experts

✓ Fully evaluate and understand how the comprehensive suite of applications can optimize your business process

✓ Visit the showcase centres and demos to better understand the latest solutions in the market that can help your business

Finnovex is dedicated to examining the Future of Financial Services on how disruptive innovations are reshaping the way they are structured, provisioned and consumed.

The Finnovex Global series, which is organized byExibex, examines the Future of Financial Services and how disruptive innovations are reshaping the way they are structured, provisioned, and consumed.

The Finnovex series of Summits highlights thought leadership on cutting-edge issues with long-term implications to the industry and lays the foundation for multi-stakeholder dialogues that explore the potential of these innovations to transform the financial ecosystem as well as the risks and opportunities that could emerge from shifts in the way financial services are designed, delivered and used in the future.

For more information, visit –https://finnovex.com/

If you would like to sponsor or be our event partner, please send us an email info@exibex.com

About Exibex:

Exibex is a market leader in knowledge-based conferences, managed events and business consulting. The team provides innovative and engaging networking platforms to create and engage C-level communities for global corporations. Our platforms enable acceleration of both individual, and organisational performance, to benefit global business leaders. We comprehend the challenges organisations face in this volatile and uncertain market, so we look to help your core revenue generation teams by building a complete 360-degree package tailored to your business strategies, goals and needs.

For more information:

TolulopeFolaranmi| Regional Marketing Manager –Exibex
E:Tolulope@exibex.com

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/finnovex-southern-africa-2021-to-be-held-on-july-27-28/

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