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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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Binance Uganda to Close Operations to Consolidate and Offer More Services through Binance.com

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KAMPALA, UGANDA— October 27, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange, today announced the upcoming closure of Binance Uganda, its fiat-to-crypto exchange for Ugandan Shillings (UGX). 

Binance Uganda was the first fiat-to-crypto platform launched by Binance in June 2018 to allow users in Uganda to access cryptocurrencies with UGX and spearhead greater services throughout Africa. With Binance.com offering a greater number of services with UGX, Binance Uganda will close its operations on November 28, 2020 to centralize its services for Ugandans users on one platform. 

Binance Uganda will close registrations and all new deposits of UGX and cryptocurrencies on October 28, 2020 at 08:00 UTC. Users will still be able to trade all available crypto pairs and withdraw their UGX and cryptocurrencies.

All trading services will close on November 11, 2020 2020 at 23:59 UTC. It is anticipated that the hard shut-down of the Binance Uganda platform will be November 28, 2020 at 23:59 UTC. After the hard shut-down user accounts will be inaccessible. 

Currently, on Binance.com Ugandan users are able to deposit and withdraw UGX and buy cryptocurrencies (BTC, BNB). 

Binance remains committed to providing secure and quality crypto services to our Ugandan users. Through this alternative channel on Binance.com, users will be able to access higher liquidity, more expansive withdrawal and deposit limits and a more seamless KYC process. 

Other Binance fiat and crypto channels, products and services in Africa remain active and available – including fiat on ramps in Nigeria and South Africa and Binance P2P in Kenya, Nigeria and South Africa. Binance remains dedicated to providing products and services to the African market. 

About Binance 

Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com 

Disclaimer: This post is a press release.

Source: https://blocknewsafrica.com/binance-uganda-moves-to-binance-com/?utm_source=rss&utm_medium=rss&utm_campaign=binance-uganda-moves-to-binance-com

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0x (ZRX) Struggles to Find Footing, Searches for Support

The 0x (ZRX) price has been decreasing since Aug 21 and is approaching two crucial support levels. Unless the price manages to break out from the current pattern, ZRX is expected to drop back in order to re-test these supports. ZRX Searches for Support ZRX has been decreasing since Aug 21, when the price reached […]

The post 0x (ZRX) Struggles to Find Footing, Searches for Support appeared first on BeInCrypto.

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The 0x (ZRX) price has been decreasing since Aug 21 and is approaching two crucial support levels.

Unless the price manages to break out from the current pattern, ZRX is expected to drop back in order to re-test these supports.

ZRX Searches for Support

ZRX has been decreasing since Aug 21, when the price reached a high of $0.96. Since that time, ZRX has lost around 63% of its value. Its local low was reached on Sept 23 when it hit $0.335.

The price is approaching a significant support area at $0.293, which is the 0.786 Fib level of the entire downward move. If this support fails, the next support level would likely be found near $0.21.

Conversely, the closest resistance area is found at $0.43. This is a level that has rejected the ZRX twice since the aforementioned Sept 23 low.

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ZRX Approaches SupportZRX Approaches Support
ZRX Chart By TradingView

Examining the Trend

Technical indicators in the daily time-frame are leaning on being bearish.

While the MACD is positive, it has been steadily decreasing over the past week. The RSI has been rejected by the 50-line and is beginning to drop, while the Stochastic oscillator is in the process of making a bearish cross (shown with the red circle below).

This suggests that a decrease towards the support area at $0.273 could occur.

ZRX Technical IndicatorsZRX Technical Indicators
ZRX Chart By TradingView

Shorter-term time-frames show a descending resistance line, which has rejected ZRX multiple time up to this point. In addition, it’s possible that the price is trading inside a descending triangle, even if the support line has not yet been confirmed.

While the triangle is a bearish pattern, there is a possible bullish divergence developing in both the RSI and MACD, indicating that an upward move could soon follow.

If ZRX gets rejected by the resistance line once more to create another lower high, it would make it likely that the price revisits the support zone of the triangle soon after.

The RSI movement above and below 50 is indicative of consolidation, which is customary before a significant move in one or the other direction.

ZRX 6-hour chartZRX 6-hour chart
ZRX Chart By TradingView

Wave Count

Cryptocurrency trader @Mesawine1 outlined a ZRX chart which suggests that the price is in a B wave, which is expected to take the price towards $0.50, before a final decrease drop back to $0.23. The latter level would coincide with the previously outlined support area.

zrx movementzrx movement
Source: Twitter

While the decrease since the aforementioned Aug 21 high definitely looks like a bearish impulse (shown in black below), due to the presence of the triangle, it seems more likely that the price is still in wave 4 rather than having completed the impulse.

The reason for this is the extended third wave, whose sub-waves are shown in red.

If ZRX breaks down from the triangle, it would be expected to drop further towards the support levels previously outlined.

An increase above the sub-wave C high of $0.435 would invalidate this particular wave count.

ZRX Wave CountZRX Wave Count
ZRX Chart By TradingView

To conclude, the ZRX price is possibly trading inside a descending triangle, from which it is expected to break down.

For BeInCrypto’s latest Bitcoin analysis, click here!

Disclaimer: Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. The views expressed in this article do not reflect those of BeInCrypto.

Source: https://beincrypto.com/0x-zrx-struggles-to-find-footing-searches-for-support/

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Polkadot (DOT) Jumps 9% as Altcoins Bleed; What’s Driving This Rally?

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Polkadot’s native cryptocurrency DOT was among the biggest gainers in the last 24 hours even as other top DOT/USD exchange rate rose about 9 percent, hitting $4.93 as its intraday high during the European trading session Tuesday. The rally emerged out of nowhere, with no concrete fundamentals backing it as catalysts, leaving traders focusing on the pair’s technical prospects.

DOT Setups Bullish

One pseudonymous analyst on Twitter called it a breakout above a crucial technical resistance level at $4.50. He stated that he would open fresh Long positions at the flipped support, iterating his short-term bullish outlook on the DOT market.

“I didn’t buy on the initial break out as price action wasn’t exactly clean,” the analyst noted. “Now that the $4.50 resistance has been broken, things are looking much better. [I am] looking for a retest of the level as support to enter.”

DOT, DOTUSD, DOTUSDT, Polkadot, DeFi, cryptocurrency

Polkadot technical trade setup, as shared by PostyXBT. Source: DOTUSD on TradingView.com

Meanwhile, a TradingView contributor saw the latest DOT move as a breakout above a medium-term Descending Trendline resistance. He placed the price action on a Fibonacci retracement graph, churning out a set of ideal supports and resistances as DOT continues its ascent.

DOT, DOTUSD, DOTUSDT, Polkadot, DeFi, cryptocurrency

Polkadot trade outlook by THECRYER. Source: DOTUSD on TradingView.com

“Dot is still performing a good come back as you can see by his multiple bounces on a forming uptrend Line,” the contributor said. “Like always the King is controlling those coins by his dominance so you always have to check BTC before entering a trade and exit fast if a dip happens.”

Market analyst Scott Melker also iterated his DOT price target against BTC about 15 percent higher from where it was trading at the time of this writing. In his outlook published 22 hours ago, the trader said that he is waiting for DOT/BTC to break above its Descending Trendline to target 49,553 sats.

As of now, the pair was trading at 35,871 sats, above the said Trendline resistance.

Fundamental

As a standalone blockchain project, DOT’s parent protocol Polkadot stands among the tallest Ethereum rivals in business. They started earlier in 2017 with a much larger investor base and has since earned a dedicated supporter base.

More recently, a total of five decentralized projects running atop the Polkadot blockchain raised about $18.5 million. While the sum is way lesser than that procured by average Ethereum-based projects, it shows that Polkadot is growing in the right direction, albeit slowly.

“There’s ample opportunity outside of Ethereum, and new Layer-1s can stand out by targeting niche sectors (think Flow and gaming) and bringing radically different designs to the table (the unparalleled flexibility afforded by modular frameworks like Polkadot and Cosmos,” said Messari in its October 2020 report on smart contract platforms.

Source: https://www.newsbtc.com/analysis/dot/polkadot-dot-jumps-9-as-altcoins-bleed-whats-driving-this-rally/

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