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Coinbase Custody lists news coins

Coinbase custody to list 39 new coin Some tokens may not be available in some countries Popular US cryptocurrency exchange firm, Coinbase, through its custody arm, Coinbase custody, has begun looking at the possibility of it integrating some new tokens in the crypto market into its platform. According to a recent blog post by the […]

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  • Coinbase custody to list 39 new coin
  • Some tokens may not be available in some countries

Popular US cryptocurrency exchange firm, Coinbase, through its custody arm, Coinbase custody, has begun looking at the possibility of it integrating some new tokens in the crypto market into its platform.

According to a recent blog post by the company, the company will be enabling more asset support in the months to come for all of their users globally.

In the market today, Coinbase custody provides one of the biggest custody services holdings in the crypto market. The custody arm banks on the credibility and the trust that it’s parent company has been able to build in the mind of market players to also have gotten a substantial amount of holders to trust its services.

Coinbase Custody looks to bring in more assets

Coinbase custody wants to bring in more coins to its clients and it has demonstrated that by listing the FTX (FTT) and Serum (SRM) tokens as assets that it currently supports on its platform.

The firm also made it known that it was considering the possibility of listing Tron amongst many other DeFi tokens. The rising amount of interest and users that the decentralized finance industry has drawn in the recent while might have played a part in the decision of the firm to want to try to integrate so many tokens into its platform at once.

Coinbase custody has also made it known that its support for all of these tokens would be strategic as it would be seeking to help not only the DeFi industry but the entirety of the crypto industry.

It is important to note that Coinbase custody tokens may not be available in all countries. This is especially due to the laws and regulations that may be guiding the crypt industry in each of these countries. But Coinbase has made it known that its goal is to have all of these tokens available globally to all of its customers.

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Stellar Lumens, Cosmos, Nano Price Analysis: 22 October

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To the delight of bullish investors, a surging market was the highlight of the day, with many of the industry’s altcoins closely aping Bitcoin’s own price movements.

At press time, Bitcoin was being traded near the $13,000-level, having risen by over 4.5% in the last 24 hours. Further down the cryptocurrency charts, Stellar Lumens, Cosmos, and NANO followed suit, recording bullish movements of their own.

Stellar Lumens [XLM]

Source: XLM/USD on TradingView

Up by 2.5 % over the past 24 hours with a valuation of $0.0857 at press time, the digital asset marked a notable high from its recent lows seen over the previous week.

In fact, the dotted markers of the Parabolic SAR were below Stellar Lumens’ price candles and underlined an uptrend for the coin. The Relative Strength Index, while noting a slight downturn, was still near 60 and pointed to buying pressure in the market.

The present scenario, being bullish, may see the digital asset further rise well above its support level at $0.0852. At the same time, price stabilization along this level also remains a likely scenario.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

The Chaikin Money Flow was noted to rise above zero, underlining a surge in buy liquidities as the level of capital inflows became greater than the outflows and established a strong bullish trend in the Cosmos market.

The simple moving averages were bullish too, with the 9 SMA (yellow) seen above the 20 SMA (cyan). The golden cross thus confirmed a bullish ATOM market as it approached the $5.557-level of resistance.

In related developments, Cosmos recently released an upgrade for Stargate, an open-source community bounty rewards program for finding low, medium, and high-risk vulnerabilities in the Cosmos ecosystem.

NANO

Source: NANO/USD on TradingView

NANO, at the time of writing, was trading comfortably above the 50% retracement level marked by the Fibonacci retracement tool.

With near-term technical indicators painting a bullish picture, NANO’s price was closing in on its September highs.

The Awesome Oscillator also displayed a clear bullish zero-line crossover, signaling a positive trend for the short-term.

A flip of the 23.6% region or the $0.919-resistance level to support may solidify the bullish trend further, a scenario that may unfold after brief price corrections over the next few days.

Source: https://eng.ambcrypto.com/stellar-lumens-cosmos-nano-price-analysis-22-october

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$900 Imminent? Analyst Claims Ethereum is Ready for an Explosive Move Higher

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  • After days of underperformance, Ethereum’s price is finally catching up to that of Bitcoin
  • The second-largest digital asset saw a massive overnight rally that led it all the way up to highs of $415 before it found any resistance
  • This surge marks a notable climb from its recent lows of sub-$370 that were set just a few days ago
  • It has also reinvigorated altcoins, with ETH’s uptick in price allowing many smaller assets also to push higher
  • Some analysts even believe it will reignite the DeFi trend
  • One trader is now noting that ETH’s macro strength could lift it over 100% higher in the coming months, targeting a move to $900

Ethereum’s severe underperformance of Bitcoin seen throughout the past few days is currently being erased, with bulls aiming at it seeing further upside as it continued breaking all of its near-term resistance levels.

This uptrend comes as Bitcoin consolidates just below $13,000. Overnight, it maintained nearly all of its recent gains, which is a positive sign for buyers.

Where the entire market trends next will continue depending largely on Bitcoin, but one analyst is now noting that ETH could rally to $900 based purely on its independent macro strength.

Ethereum Surges Overnight, Erasing Underperformance of BTC

Earlier this week, Bitcoin kickstarted the ongoing uptrend when it broke above $12,000, but this move came about in the absence of any upwards momentum seen by altcoins.

Yesterday, however, this trend shifted as major altcoins began seeing notable momentum.

Ethereum rallied as high as $400 before facing strong resistance that sent it back below $390. Since then, it has rallied significantly higher.

It is now trading up well over 5% at its current price of $415. It does appear to be facing some resistance at this level.

Analyst: ETH Could Rally to $900 as Macro Market Structure Strengthens 

While speaking about where this imminent bull trend could lead Ethereum, one analyst explained that he is watching for an over 100% upswing past $900 in the coming few days.

“Successful retest for ETH on the weekly time-frame. The next few months will be insane. Not much to say other than see you at $900,” he explained while pointing to the below chart.

Ethereum

Image Courtesy of Galaxy. Source: ETHUSD on TradingView.

How Bitcoin trends in the coming few days will undoubtedly influence Ethereum. However, ETH may soon be able to gain independent momentum.

Featured image from Unsplash.
Charts from TradingView.

Source: https://bitcoinist.com/900-imminent-analyst-claims-ethereum-is-ready-for-an-explosive-move-higher/?utm_source=rss&utm_medium=rss&utm_campaign=900-imminent-analyst-claims-ethereum-is-ready-for-an-explosive-move-higher

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PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

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PayPal’s pledge to support cryptocurrency as a funding source for 26 million merchants will likely benefit mass cryptocurrency adoption more than it will boost the payments firm’s bottom line, Morgan Stanley researchers said in a Wednesday report obtained by CoinDesk.

Source: https://www.coindesk.com/morgan-stanley-paypal-crypto-mass-adoption

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