Connect with us

Blockchain

Uniswap, Bitcoin SV, Tezos Price Analysis: 14 June

Bitcoin’s price moved up on the price scale; although this was not a full-fledged recovery, it may have helped some altcoins like Uniswap, Bitcoin SV, and Tezos. These altcoins saw some correction and

The post Uniswap, Bitcoin SV, Tezos Price Analysis: 14 June appeared first on AMBCrypto.

Published

on

Bitcoin’s price moved up on the price scale; although this was not a full-fledged recovery, it may have helped some altcoins like Uniswap, Bitcoin SV, and Tezos. These altcoins saw some correction and some recovery over the weekend, however, the market has remained bearish.

Uniswap [UNI]

Source: UNIUSD on TradingView

The bearish pressure in the market over the weekend pushed UNI to $19.89. This resulted in the asset breaching under the long-standing support at $22.1. The following recovery in the market reduced the bearish gap, but the price could still fall further.

The 50 Moving Average remained way above the candlesticks, indicating the downtrend UNI had been on since the May fall. Directional Movement Index [DMI] was also pointing at the rise in downward pressure in the market. As -DI remained above +DI, downwards pressure will keep the value of the asset low.

Meanwhile, sellers in the market were rising as UNI was slipping towards the oversold zone.

Bitcoin SV [BSV]

Source: BSVUSD on TradingView

Bitcoin SV‘s price has been seen consolidating above support at $157. As the digital asset traded at $170, there was a high level of bullishness making its way to the BSV market.

The 50 MA which had remained above the price bars were closing in on the gap. There has been a sudden shift in volatility observed over the past week and since then the asset began moving sideways. Interestingly, visible range indicator was noting that the Point of Control for BSV was at $164, and with price remaining at $170, a level of support will be provided at $164.

Despite restricted movement of the asset, it was moving towards the overbought zone. This suggested that traders were actively trading at the current level.

Tezos [XTZ]

Source: XTZUSD on TradingView

The Tezos value was moving between $4.34 and $2.94 since its fall in May. Although the consolidation gave way to the bulls in the market, bears had returned as XTZ tested support at $2.94.

Changing trends caused the money that was entering the market to now leave as Chaikin Money Flow was now dropping to zero-level. The momentum on the XTZ market has currently remained in the negative, but traders were constantly pushing and pulling the price of XTZ.


Subscribe to our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/uniswap-bitcoin-sv-tezos-price-analysis-14-june

Blockchain

Amazon Wants to Hire A Blockchain Executive Lead

Amazon has posted a job advertising on its website for a digital currency and blockchain executive lead, signalling potential crypto integration.

Published

on

Table of Contents

Rate this post

Amazon has placed a job advertisement for a digital currency and blockchain executive lead on its website, indicating future crypto integration.

Amazon Posts A Position For A Blockchain Executive Lead

The job description seeks for someone to “own the vision and strategy for Amazon’s Digital Currency and Blockchain strategy and product roadmap,” as well as someone with a “Deep grasp of the digital / cryptocurrency ecosystem and associated technologies.”

The position would be located inside Amazon’s Payments Acceptance & Experience team and would “create Amazon’s Digital Currency and Blockchain strategy and product roadmap.”

While this appears to be a key position within the firm, it is not the only one based on blockchain. A job search for ‘blockchain’ on Amazon’s job board yields 73 results for various blockchain specialist and development positions.

“We believe that the future will be built on new technologies that enable modern, rapid, and inexpensive payments, and we intend to offer that future to Amazon customers as quickly as possible,” the company declared, according to Business Insider’s Eugene Kim.

Amazon Does Not Accept Cryptocurrency As Payment For Its Items

Amazon Web Services, the company’s cloud-computing division, provides a managed blockchain solution. 

However, Amazon does not accept cryptocurrency as payment for its items. Amazon CEO Andy Jassy (then CEO of AWS) stated in 2017 that the business was not especially focused on blockchain technology, while he admitted that Amazon was “watching it closely.”

Bitcoin and other digital currencies have gained in popularity in recent years, leading to increased institutional use. Facebook, which has funded a digital currency initiative called Diem, is another example of a technology company warming up to cryptocurrencies. 

In May, Apple said that it was seeking for a lead negotiator to form agreements with “alternative payments” partners, with cryptocurrencies listed as one possible area of competence.

READ  CRC’s Ratings Good News For BAT, IOTA; Not For Ripple

#Amazon #Amazon AWS #Amazon jobs #Amazon’s Digital Currency and Blockchain strategy #Amazon’s Payments Acceptance & Experience team #Andy Jassy #Blockchain #Crypto integration #Diem Digital Currency #Eugene Kim

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/amazon-wants-to-hire-a-blockchain-executive-lead

Continue Reading

Blockchain

Canadian Border Town Halts Crypto Mining to Draw Up Regulations

Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations with a 90-day moratorium on new miners.

Published

on

Table of Contents

Rate this post

Massena, a small New York town along the Canadian border has put the brakes on its crypto mining operations. The town has imposed a 90-day moratorium on new crypto miners, during which it will draw up fresh regulations to ensure that mining facilities and rigs are prevented from littering areas.

Canadian Border Town Suspends Crypto Mining Operations

As per a report published by the Associated Press, Massena has suspended all new mining operations for Bitcoin and other cryptocurrencies for 90 days. The town’s supervisor Steve O’Shaughnessy said that the decision was taken after trailers filled with mining equipment started popping up on the main road.

“We don’t want Massena to be filled up with these sea boxes throughout the town,” he asserted. “We don’t want it littered with these trailers that are pumping out Bitcoin.”

Town officials are planning to leverage the 90-day restriction to formulate rules that keep Massena’s roadsides uncluttered and make mining facilities more “presentable.” 

“We just want to make sure if they’re going to come here, that it’s a nice presentable building,” O’Shaughnessy stated.

Meanwhile, the town’s power supplier Massena Electric is in negotiations with three crypto miners. According to a WWNY report, the company is making sure that any deal it makes with these businesses protects its customers, who will also benefit from the increased sales. The energy supplier also has its own moratorium on working with new mining firms.

China’s Crypto Crackdown Brings Opportunities for Massena

Like many other North American towns, Massena has seen an influx of crypto miners ever since China banned mining operations in many of its provinces. Ousted companies scouring for greener pastures look towards the region for cheap electricity and legal support.

This bodes well for border communities that were hammered by job losses in factories for nearly a decade. The emergence of Bitcoin and other crypto mining companies indicates that new jobs are coming out and industrial activity is regaining its lost momentum in places like Massena.

As reported earlier, North America’s contribution to the global Bitcoin mining share is steadily increasing. The United States is now the second-largest hub for crypto mining with 17% of the world’s BTC miners. That is a staggering increase of 151% from last year’s mining rates in September. With more crypto miners flocking to the region, it’ll become easier for the industry to seek the support of regulators to continue their expansion in the future.

READ  Peter Schiff Says Tether Could Surpass ETH, Become 2nd Largest Crypto

#China Crypto Crackdown #Crypto Mining #Massena #North America

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/canadian-border-town-halts-crypto-mining-to-draw-up-regulations

Continue Reading

Blockchain

Uniswap Labs Restricts Access to Some Tokenized Stocks and Derivatives on Protocol Interface

Uniswap Labs revealed in a blog posting that it is restricting access to tokenized stocks and derivatives on its supporting protocol interface.

Published

on

Table of Contents

Rate this post

Uniswap Labs, the software development studio, revealed in a blog posting on Friday that it is restricting access to some tokens involving tokenized stocks and derivatives on its supporting protocol interface. The news came after the announcement by the regulators of the United States that they are going to increasingly watch out for these types of products.

Uniswap Labs Restricts Access to Tokenized Stocks and Derivatives

While explaining the decision of restricting the tokens following the announcement made by the US regulators, they mentioned the evolving regulatory scenario. The blog entry said:

“Consistent with actions taken by other Defi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org.”

Along with this, other crypto firms have canceled their tokenized stock products in recent weeks, and one such example is Binance. Though it should be noticed that Uniswap, unlike Binance, is a decentralized exchange and it is restricting access through its own interface. 

Gary Gensler, the Chairperson of the Securities and Exchange Commission said in a speech on Tuesday in front of the Bar Association that stock tokens on both centralized and decentralized platforms are required to be registered with the regulator.

Limited Access to over 100 Tokens

As stated by the Uniswap Labs, the statement read:

“Today, consistent with actions taken by other Defi interfaces, we have taken the decision to restrict access to certain tokens through app.uniswap.org. Importantly, the Uniswap Protocol — unlike the interface — is a set of autonomous, decentralized, and immutable smart contracts. It provides unrestricted access to anyone with an Internet connection.”

The SEC and CFTC have similarly led authoritative incursions into the token market and have targetted certain asset classes for possible fraud and illegal activities.

The Github repository has the list of all the tokens that are now going to become unsupported on the Uniswap web app and it was published by the Uniswap Labs. 

READ  Tokenized Stocks of Tesla, Facebook, Google Launched on Solana Blockchain

#Derivatives #Tokenized Stocks #Uniswap Labs

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.cryptoknowmics.com/news/uniswap-labs-restricts-access-to-some-tokenized-stocks-and-derivatives-on-protocol-interface

Continue Reading

Blockchain

Is London Hardfork Delayed Again? How Well Will Ethereum Price Hold Up?

eth rally

The post Is London Hardfork Delayed Again? How Well Will Ethereum Price Hold Up? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Elon Musks’ revelation that he holds Ethereum gave it the much-needed nudge to break above the $2000 psychological level, Since then ETH has been trading in green. However, ETH should now hold up well to continue the uptrend or a sideways action will bloom again. ETH has been trading in the $2,007.48 – $2,156.63 range, …

Published

on

Elon Musks’ revelation that he holds Ethereum gave it the much-needed nudge to break above the $2000 psychological level, Since then ETH has been trading in green. However, ETH should now hold up well to continue the uptrend or a sideways action will bloom again.

ETH has been trading in the $2,007.48 – $2,156.63 range, After opening the day at $2039 it has continued to rise and is trading at $2152 up by 4.1% in the last 24 hours. The weekly trend also looks good as it has risen 14.9% in the last 7 days. 

Popular Analyst and trader Rekt Capital has charted key levels for ETH to hold over the weekend. According to him, ETH should have a weekly candle close above $2058 to reclaim its multi-month higher low. 

While this is for the short term, making a long-term ultra bullish case for ETH is analyst Crypto Wolf on Twitter. The analyst says ETH will hit $4k in the next 6 months. When this scenario plays out ETH hitting $10K will be an obvious possibility.

London Hardfork to be delayed?

The much-awaited deployment of London Hardfork which was scheduled for Aug 4 can now be tentatively postponed. According to the ETH2 developers, the team will consider the optimal solution for network security, and any delay in the hard fork will be due to security concerns.

Prior to the London hard fork, the ETH2 developer team addressed the concerns of miners and traders. The team discovered and addressed a flaw in the code. However, if there are any more security issues, the hard fork may be postponed.

On the next AllCoreDevs call, the developers will debate the best technique for securing the Ethereum network.

With a possibility of delay in London Hardfork, ETH could fall short of a strong catalyst to uphold its price action. Hence, it is to be watched out for how ETH performs alongside the support of the broader crypto market.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coinpedia.org/ethereum/london-hardfork-delayed-again-will-ethereum-price-hold-up/

Continue Reading
Blockchain57 mins ago

Amazon Wants to Hire A Blockchain Executive Lead

Esports1 hour ago

T1’s Canna reaches 100 game wins in the LCK

Esports2 hours ago

Team WE stomp EDG in Clearlove’s return to starting roster

Techcrunch2 hours ago

This Week in Apps: Clubhouse opens up, Twitter talks bitcoin, Snap sees record quarter

Blockchain2 hours ago

Canadian Border Town Halts Crypto Mining to Draw Up Regulations

Esports2 hours ago

Cypher player discovers two Spycam spots on Haven

Aviation2 hours ago

Hilton Grand Vacations’ Timeshare Test and 9 Other Top Travel Stories This Week

Esports3 hours ago

Off-season changes: Who’s next?

AR/VR3 hours ago

Warplanes: WW1 Fighters to See Official Oculus Quest Store Launch This Week

Blockchain3 hours ago

Uniswap Labs Restricts Access to Some Tokenized Stocks and Derivatives on Protocol Interface

Cleantech3 hours ago

Sandy Munro Experiences Tesla’s FSD Beta V9 — “I’m pretty happy with what I see in the way of progress here.”

Blockchain3 hours ago

Is London Hardfork Delayed Again? How Well Will Ethereum Price Hold Up?

Esports3 hours ago

Liiv SANDBOX beat T1 in a three-game intensive series, continue series of upsets in 2021 LCK Summer Split

Blockchain3 hours ago

What If Bitcoin Price Hits $100K, How Altcoins Will Fly?

Blockchain3 hours ago

Elon Musk Tweet Is Out, Yet Dogecoin Price Is Lifeless! What’s Next?

Crowdfunding4 hours ago

Top 10 Fintech News Stories for the Week Ending July 24, 2021

Cleantech4 hours ago

30 Million Solar Homes Initiative Promises 1.77 Million Jobs

Blockchain4 hours ago

Protestors Rampage on the Steets of El Salvador Against Bitcoin Law

Blockchain4 hours ago

How to solve the Bitcoin energy consumption problem

Esports4 hours ago

RNG beat JD Gaming, extend win streak to 6 series in 2021 LPL Summer Split

Cleantech4 hours ago

From the Sublime to the Ludicrous

Blockchain5 hours ago

Cardano Price Is Heading Towards a Crucial Level, Analyst Maps Next Target Levels!

Blockchain5 hours ago

Clem Chambers of ADVFN Predicts Bitcoin May Come Below $20K Mark and Even Below $10K Mark

Blockchain5 hours ago

Bitcoin Close To $34K, What’s Awaited For BTC Price This Weekend?

Cleantech5 hours ago

Network Pushing For BICOC-Led Environmental Justice Funding Gains Momentum

Blockchain5 hours ago

XRP Price Struggles Make Bullish Moves. Also, Huge Whale Transfers Recorded!

Cleantech6 hours ago

Scientists’ Heatwave Warning 20 Years Ago Was Tragically Prescient

Blockchain7 hours ago

Polygon Launches NFT game studio! MATIC Price is Nearing the $1 Mark

Publications7 hours ago

Is Pisces is the Dumbest Star Sign?

Esports7 hours ago

All ranked mode rewards for Pokémon UNITE: Season 1

Trending