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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

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Bitcoin Price Analysis: BTC Rallies Above Key $12K

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  • Bitcoin price started a strong increase above the $11,830 and $12,000 resistance levels against the US Dollar.
  • The price is now trading well above the $12,000 support and the 55 SMA (H4).
  • There was a break above a crucial contracting triangle with resistance near $11,520 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair is likely to rally further if it clears the $12,300 and $12,500 resistance levels.

Bitcoin price is gaining pace above the $12,000 resistance zone against the US Dollar. BTC is showing positive signs and it could even surpass the $12,500 level.

Bitcoin Price Analysis

In the past few days, bitcoin price consolidating above the $11,260 support level against the US Dollar. Finally, BTC was able to gain bullish momentum above the $11,400 and $11,560 resistance levels.

To start the recent increase, there was a break above a crucial contracting triangle with resistance near $11,520 on the 4-hours chart of the BTC/USD pair. The pair surged and cleared the $11,830 and $12,000 resistance levels.

It is now trading well above the $12,000 support and the 55 simple moving average (4-hours). A high is formed near the $12,310 level and the price is currently showing a lot of positive signs. An initial support on the downside is near the $12,150 level.

The 23.6% Fib retracement level of the recent increase from the $11,661 swing low to $12,310 high is also near $12,150. The first major support is seen near the $12,000 level (the recent breakout zone).

The 50% Fib retracement level of the recent increase from the $11,661 swing low to $12,310 high is also close to the $12,000 support level. Any further losses might call for a test of the $11,500 support or the 55 SMA (H4).

Conversely, bitcoin price might continue to rise above the $12,300 and $12,400 levels. The next major resistance is near the $12,500 level, above which the bulls are likely to aim a test of the $12,800 level or even $13,000.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading in a bullish zone above the $12,000 support and the 55 SMA (H4). Therefore, the price is likely to rally further if it clears the $12,300 and $12,500 resistance levels in the near term.

Technical indicators

4 hours MACD – The MACD is showing positive signs in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI is now well above the 60 level.

Key Support Levels – $12,150 and $12,000.

Key Resistance Levels – $12,300, $12,400 and $12,500.

Tags: , Source: https://www.livebitcoinnews.com/bitcoin-price-analysis-btc-rallies-above-key-12k/

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Bitcoin Poised to Resume Rally After Second Move Above $12k

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Bitcoin has made its second move into the $12,000 price zone this year with today’s re-tap of $12,300. Analysts are confident that the rally could resume taking it all the way up to last year’s highs.

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A couple of hours ago during Asian trading Bitcoin surged to revisit the $12,300 price level which equals its highest price for the year, last made just over two months ago in mid-August.

At the time of writing, it has found resistance there and pulled back to around $12,270 and the next few hours could be crucial for longer-term direction.

More Resistance For Bitcoin to Break

All losses from Bitcoin’s 20% correction have now been recovered and analysts are eyeing another leg up to confirm the bull market. Trader and analyst Tyler D. Coates has observed that the next resistance zone above current levels is the 2019 high of just below $14k.

Fellow analyst Josh Rager was equally bullish adding that both the weekly and monthly charts are working on higher-closes.

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“Bitcoin hasn’t had a weekly close above $12,000 since January 2018. Bitcoin had its 20%+ pullback, its time to continue this uptrend,”

While ‘dave the wave’ commented that Bitcoin is already 70% of the way to a full pump back to all-time high again.

Three Arrows Capital co-founder, Kyle Davies, questioned who would start selling once this $12k resistance barrier gets broken’

In reality, those that bought the dip back in March are likely to be taking profits during this and any subsequent price pumps Bitcoin has. Price does not move in a straight line and there will be more corrections before any returns to $20k.

DeFi Tokens Trounced

Bitcoin may be leading crypto markets today as its market share taps a three month high of 62%, but that has all been at the expense of the altcoins, primarily those related to DeFi.

According to the Messari DeFi Returns Index, there are almost twenty DeFi tokens that have lost double digits over the past seven days. They include Bancor, Curve, Kava, Synthetix, and Balancer.

Other altcoins are also stagnant today including XRP, BNB, LINK, DOT, ADA, EOS, CRO, and XMR as Bitcoin eats into their market shares.

Total market capitalization has increased by around $8 billion in 24 hours as a result and is currently back at just under $380 billion.


To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/bitcoin-poised-to-resume-rally-after-second-move-above-12k/

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Crypto.com Integrates PayID Offering 5M Users an Easy and Unique Way to Send & Receive Crypto

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[PRESS RELEASE]

HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App.

Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing their ability to connect to 100M+ crypto users worldwide.

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PayID solves a key pain point in the crypto payments world, which consists of many closed and complex networks. Participants must manage multiple long and random wallet addresses, increasing the likelihood of erroneous transactions. PayID creates a free, open and common protocol that allows for interoperability between any payment network or currency.

Starting today, Crypto.com is offering early access for select customers to register their unique Crypto.com PayID. To be eligible:

  • Stake 10,000 CRO or more in Crypto.com Exchange; or
  • Stake 10,000 CRO or more in Crypto.com App

On 2 November 2020 all Crypto.com App users can register their own Crypto.com PayID within the Crypto.com App.

Once registered, users can send crypto from other compatible wallets to the Crypto.com App with just their PayID, instead of a full-length crypto address. At launch, supported cryptocurrencies include CRO, ETH, BTC, XRP and many more ERC20 tokens. Users can also send crypto to other compatible wallets using PayID hosted by other members in the Open Payments Coalition.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com

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Source: https://cryptopotato.com/crypto-com-integrates-payid-offering-5m-users-an-easy-and-unique-way-to-send-receive-crypto/

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