Sometimes a few millimeters can separate us from total failure. In such cases, the tension is maximum, because hope struggles with common sense. However, when fortune wins, we begin to notice prospects and positivity again. A similar situation may happen in the LINK market. In the weekly timeframe, it should be noted that sellers have tested the global trend line of buyers. This trend channel has worked well since April 2019. https://www.tradingview.com/x/4iwfOZm0/ If you look for the perfect point on the chart to buy in the medium term and with minimal risk – this is it. If buyers do not keep the $16 range, we will not expect a positive scenario in the LINK market. In this case, we expect LINK to continue to fall to $10. Though, given the good BTC price growth and the chance of a rebound in the whole cryptocurrency market – so far we delete the scenario of decline as the main one. Therefore, the LINK price increase to $36 is the main scenario in the medium term. Technical Analysis Of LINK On The Daily Timeframe If you look at the LINK situation on the daily timeframe, you can see how trading volumes began to increase in the range of $16. Although sellers managed to update the previous local low, it did not work. Buyers have shown interest in creating a false breakdown of an important range. The first target of the local growth wave is around $25. This mark shows the local trend line of sellers. If you look at the movement of LINK price from 7 to 11 January, you can see how high volumes of buyers failed to pass this range. Thus, while this mark is under the control of buyers – we can not speak confidently about global growth to the mark of $36. The LINKBTC Price Takes Off Rose-Coloured Glasses And Optimism https://www.tradingview.com/x/HuTuRSxv/ Starting in 2020, LINKBTC buyers cannot significantly bounce back from the 0.00042 range. Each time the rebound from this level weakens. If the new growth wave can not break the upper trend line of the triangle – then you should expect another global LINK fall wave by an average of 50-60%. In this case, buy LINKBTC should be from the mark 0.00017. Therefore, the movement of the LINK price in 2022 depends on the formation of the current local growth wave.

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The post 100X Gems – MANA, XTZ, AND QNT Price Bullish Traverse With 60% Hike appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The folks from the cryptosphere are now elated as the business portrays signs of revival. As the week comes to an end. After being under the clutches of the bears for fairly a quarter, greener numbers have enticed traders. And the hunt for capable digital assets has grown more fierce, as the market chugs towards …

After facing severe selling pressure from retail and institutional investors during the last 10 weeks, the price of Bitcoin saw one of its best days on 4 February.

Bitcoin lovers in the United States are getting impatient as the Securities and Exchange Commission (SEC) is not making a clear take on Bitcoin ETF. Due to concerns about manipulation, liquidity, and transparency, SEC has delayed deciding on Grayscale’s pending application to convert its Bitcoin Trust into a spot ETF. The SEC’s notice published on Friday didn’t reveal anything new about Grayscale’s pending application, which comes as no surprise. SEC Wants Written Submissions From People According to the 10-page notice, the SEC expressly requests ‘written comments’ from ‘interested people’ in the general public to provide their ‘ideas, statistics, and arguments’ addressing the regulator’s previous concerns about market fraud, manipulation, and overall lack of transparency. According to the notice, the public has 21 days from today, as specified in the Federal Register, to submit written data, views, and arguments on whether Grayscale’s application should be granted or denied, with a 35-day window for rebuttal. According to the notification, individuals interested in submitting comments to the SEC can do so either electronically or on paper.  The SEC has a History of Rejecting Spot ETF Applications Grayscale, the world’s largest digital asset management firm, applied in October to convert shares of its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, attempting to reverse previous rejections of BTC spot ETF applications by the regulator. Unfortunately, the SEC announced two months later that it would be delaying its decision on Grayscale’s application, citing major issues such as market fraud, manipulation, and transparency. According to a tweet, Grayscale has $36.5 billion in assets under management as of February 4th, with its GBTC product accounting for nearly 71% of total assets. The SEC also rejected Fidelity’s Wise Origin Bitcoin Trust at the end of January, just seven days after rejecting a spot bitcoin ETF proposal from First Trust and SkyBridge Capital. Surprisingly, in rejecting Fidelity, the SEC went into great detail on surveillance-sharing agreements and the SEC’s responsibility to ensure that exchanges follow the Exchange Act’s requirements. It’s worth noting that the SEC approved ProShares Bitcoin Strategy ETF in October of that year, making it the first Bitcoin futures fund to be allowed in the US, followed by a pair of Strategy ETFs from Valkyrie and VanEck.

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The U.S Securities and Exchange Commission is back to its rituals when dealing with an exchange-traded fund. Although the applicants might differ, the reason remains constant. Interestingly, yet again, the regulatory watchdogs have delayed making their judgment on the pending application by Grayscale for a Bitcoin (spot) ETF. Curiously, the regulators expressed a familiar reason […]

The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published their long-awaited technical research and open-source code for a potential central bank digital currency (CBDC). The 35-page white paper is part of a joint initiative announced in August 2020. Dubbed Project Hamilton, the phase of the project ‘focuses on technological experimentation and does not aim to create a usable CBDC for the United States.’ The researchers also released the open-source code for Project Hamilton which is available in github for contributions. Overall, they found that the system was capable of handling 1.7 million transactions per second, while the vast majority of transactions were able to settle in under two seconds. As a whole, the researchers said they met their goal of creating a core processing engine for a potential general-purpose CBDC. Commenting on the development, Boston Fed Executive Vice President and Interim Chief Operating Officer Jim Cunha said: “It is critical to understand how emerging technologies could support a CBDC and what challenges remain. This collaboration between MIT and our technologists has created a scalable CBDC research model that allows us to learn more about these technologies and the choices that should be considered when designing a CBDC.” Boston Fed, MIT Research Separate from the US Fed Over the next few years, MIT and the Boston Fed said the second phase of the Hamilton project will explore alternative designs to the technical implementation of CBDCs and build upon the first phase’s focus on privacy, resiliency and functionality. The partnership between the Boston Fed and MIT is separate from the digital dollar research which was recently published by the Federal Reserve last month.

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Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some of its beloved franchises. Konami to Use NFTs […]

Microsoft on Friday shared more of the tactics, techniques, and procedures (TTPs) adopted by the Russia-based Gamaredon hacking group to facilitate a barrage of cyber espionage attacks aimed at several entities in Ukraine over the past six months. The attacks are said to have singled out government, military, non-government organizations (NGO), judiciary, law enforcement, and non-profit

The post This Is When Cardano (ADA) Price Explosion Is Expected Beyond $2! Here’s Why?  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The wider crypto market is fast approaching to $2 trillionmarket cap with a swift resurgence of 8.15% gains round the clock. The market leaders Bitcoin and Ethereum are up by 9.31% and 10.5% respectively over the past 24 hours. Especially, the community’s major focus has shifted to Cardano, which has been under a bearish trend …

Are decentralized autonomous organizations really decentralized? Find out why they’re struggling to become fully autonomous.

Sen. Ted Cruz (R-TX) made a bitcoin purchase during the recent dip, according to new financial disclosures with the US Senate. 

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