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Currency.com becomes executive member of self-regulating trade group CryptoUK

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Crypto trading company Currency.com is joining CryptoUK, a self-regulatory trade association for the cryptocurrency industry in the United Kingdom. 

In a Thursday announcement, CryptoUK said the firm would become an executive member in the regulatory group alongside Binance.UK, Crypto.com, CryptoCompare, Electroneum, eToro, Ripple, BCB Group, Outlier Ventures, and Simmons & Simmons. Executive members are responsible for collaborating “to lead the association’s strategic direction” in addition to working with government policy makers in the U.K. to develop a regulatory framework for crypto.

Currency.com said it planned “to drive greater dialogue and collaboration with regulators and policy makers” as a member of the group. The company’s head of strategy Vitaliy Kedyk said regulation and best practices were necessary to adapt to the growing mainstream usage of cryptocurrencies.

“Our community collaborates to grow the UK’s digital asset sector and help develop a supportive regulatory framework for crypto asset businesses and consumers,” said CryptoUK chair Ian Taylor. “Currency.com will bring significant local and global expertise to our Executive Committee and its initiatives.”

Related: Dacxi joins self-regulating trade group CryptoUK as executive member

The addition of the crypto trading company as its 10th executive member comes the same week CryptoUK accepted U.K.-based crypto firm BCB Group and venture platform Outlier Ventures. Binance’s U.K. arm joined the self-regulatory group in August. CryptoUK formed in 2018 and currently has more than 50 members.

The group said it is currently focused on supporting the regulatory framework development for crypto in the United Kingdom, aimed at making the country “the heart of fintech capabilities and talent.” However, other regulators in the U.K. seem to have put Binance in their crosshairs, with the Financial Conduct Authority ordering the exchange in June to cease all regulated activities until it could conduct a review of its operations. Some local banks including Barclays and Santander U.K. have since banned payments to the major crypto exchange.


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Source: https://cointelegraph.com/news/currency-com-becomes-executive-member-of-self-regulating-trade-group-cryptouk

Blockchain

Bitcoin Facing Critical 2-Month Resistance, Will The Uptrend Continue? (BTC Price Analysis)

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Bitcoin is up by a whopping 25% during the week as the primary cryptocurrency reached over $40K yesterday – the highest point since June 15, 2021.

As shown on the charts below, BTC price broke above a falling wedge formation toward the end of last week and eventually managed to climb above the key resistance level provided 20-day MA on Friday.

Then, the price continued over the weekend to finally have a daily close (Sunday) above the 50-day MA, for the first time since May 9. Yesterday, BTC surged by an impressive 15% from the low of $35,280 to the high at $40,500. Unfortunately, it met resistance there at a bearish .382 Fib, along with the 100-day moving average line, and ended up dropping lower to close the daily candle at $37,300.

Today, after finding support amid an ascending trend-line (as shown on the 4-hour chart below), BTC is currently trading slightly above the $38K mark.

On the short-term’s 4-hour chart below, BTC was trading inside an ascending price channel. Yesterday’s 15% price hike caused it to break above the upper angle and turn parabolic on the way up to $40,500. On the retracement, BTC found support at the upper angle of the previous ascending price channel and rebounded.

As mentioned here previously, Bitcoin had been trading inside a range between ~$30K and $40-42K since the liquidation event on May 19. Bitcoin was unable to break above or below the range, and for the first time since mid-June, the upper range had been tested as resistance.

Hence, it was reasonable that Bitcoin had failed to penetrate above the range on its first attempt in 6 weeks.

BTC Price Support and Resistance Levels to Watch

Key Support Levels: $37,000, $36,620, $35,000, $34.5K.

Key Resistance Levels: $38,400, $39,500, $40,500, $42,000, $43,610, $44,750.

Moving forward, the first resistance lies at current levels amid $38.4K. This is followed by $39,500 (early-June highs). This is followed by $40,500 (bearish .382 Fib & 100-day MA – yesterday’s high), $42,000 (Jan 2021 high), $43,610 (1.272 FIb Extension), and $44,750 (200-day MA).

On the other side, the first support lies at $37,000 (upper angle of the short-term ascending price channel). This is followed by support at $36,620, $35,000, $34,460 (50-day MA), and $33,500.

The daily RSI has finally penetrated above the long-term descending trend line that prevented the momentum from creating a higher. This line was started forming at the beginning of 2021. On the daily timeframe, the momentum is now in the bullish favor and is rising as the RSI climbs higher above the midline.

Bitstamp BTC/USD Daily Chart

btcusd-jul27-min
BTC/USD Daily Chart. Source: TradingView.

Bitstamp BTC/USD 4-Hour Chart

btcusd-jul27-4hr-min
BTC/USD 4-Hour Chart. Source: TradingView.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


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Source: https://cryptopotato.com/bitcoin-facing-critical-2-month-resistance-will-the-uptrend-continue-btc-price-analysis/

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Blockchain

Solana Announces Exclusive Hackathon for Indian Developers

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To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs.

Solana Unveils Hackathon with Over $80k in Prizes 

In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3 weeks and registration for it is open to students, Web2 and Web 3 developers, engineers, and basically anyone who is looking to get into the crypto space.

The hackathon will be organized in collaboration with Superpumped and Devfolio, two tech firms that have helped host thousands of hackathons across the globe.

Participants will have the opportunity to win prizes from a pool containing more than $80,000, be able to launch a global product starting from the first day of the hackathon and raise capital from a list of prominent investors.

There are also several special prizes from the Solana Foundation, Lightspeed Ventures, Balaji Srinivasan, CRED, Kunal Kapoor, Superpumped, Serum, and many more.


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Envisioning One of India’s Largest Social Hackathons

In a statement, Solana disclosed that it is aiming to make the “Building Out Loud” event one of the largest social hackathons India has ever experienced.

The project intends to keep growing its ecosystem by using hackathons as a tool for growth, bringing the crypto industry to more mainstream users.

The “Building Out Loud” hackathon is aimed at becoming a social movement for the young generation of entrepreneurs that are searching for new opportunities to launch a global product and raise capital from prominent global investors.  

The three top winners of the hackathon will receive cash prizes of $10,000, $7,000, and $5,000, respectively, among other special incentives. Registration for the hackathon is currently ongoing and is set to last until August 12, 2021.

Not the First for Solana

Just last month, Solana announced the winners of its Solana Season Hackathon competition, a $1 million initiative that was established to support new projects on the Solana blockchain.

It selected about 39 winners out of the 13,000 participants and more than 350 projects that it received in the competition from across the globe. 

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Source: https://cryptopotato.com/solana-announces-exclusive-hackathon-for-indian-developers/

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Blockchain

Solana Announces Exclusive Hackathon for Indian Developers

Published

on

To support the Indian blockchain development ecosystem, Solana, a high-performance blockchain network, has revealed that it will be rolling out a new hackathon exclusively for Indian developers and entrepreneurs.

Solana Unveils Hackathon with Over $80k in Prizes 

In a tweet on Tuesday, Solana noted that the hackathon, dubbed “Building Out Loud,” will last for 3 weeks and registration for it is open to students, Web2 and Web 3 developers, engineers, and basically anyone who is looking to get into the crypto space.

The hackathon will be organized in collaboration with Superpumped and Devfolio, two tech firms that have helped host thousands of hackathons across the globe.

Participants will have the opportunity to win prizes from a pool containing more than $80,000, be able to launch a global product starting from the first day of the hackathon and raise capital from a list of prominent investors.

There are also several special prizes from the Solana Foundation, Lightspeed Ventures, Balaji Srinivasan, CRED, Kunal Kapoor, Superpumped, Serum, and many more.


ADVERTISEMENT

Envisioning One of India’s Largest Social Hackathons

In a statement, Solana disclosed that it is aiming to make the “Building Out Loud” event one of the largest social hackathons India has ever experienced.

The project intends to keep growing its ecosystem by using hackathons as a tool for growth, bringing the crypto industry to more mainstream users.

The “Building Out Loud” hackathon is aimed at becoming a social movement for the young generation of entrepreneurs that are searching for new opportunities to launch a global product and raise capital from prominent global investors.  

The three top winners of the hackathon will receive cash prizes of $10,000, $7,000, and $5,000, respectively, among other special incentives. Registration for the hackathon is currently ongoing and is set to last until August 12, 2021.

Not the First for Solana

Just last month, Solana announced the winners of its Solana Season Hackathon competition, a $1 million initiative that was established to support new projects on the Solana blockchain.

It selected about 39 winners out of the 13,000 participants and more than 350 projects that it received in the competition from across the globe. 

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PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Source: https://cryptopotato.com/solana-announces-exclusive-hackathon-for-indian-developers/

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