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Top 8 Women in Cryptocurrency [Infographic]

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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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Chainlink on a bullish run

Chainlink bullish run could lead to it selling at an all-time high  The oracle has also recorded loads of development and partnership in recent times. Chainlink, since selling at an all-time high of $20, has reached a market cap that is very close to $7 billion. Many analysts have deduced that the LINK is very […]

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  • Chainlink bullish run could lead to it selling at an all-time high 
  • The oracle has also recorded loads of development and partnership in recent times.

Chainlink, since selling at an all-time high of $20, has reached a market cap that is very close to $7 billion. Many analysts have deduced that the LINK is very bullish presently, and it would continue to be so in the short and long run.

Presently, according to the market capitalization rate, Coinmarketcap ranks Chainlink as number 6.

As of October 22, Link’s price had broken out of the day’s chart’s triangular pattern. By precedence, it showed that this could continue. 

Usually, when a breakout like this type happens, there would always be a re-test of the resistance level, which in this situation was at $11.31.

LINK is headed towards maintaining its current trading of above its support level of $11.31. It is currently being traded for $11.76, which coincidentally meets the 100-SMA of the daily chart.

Considering the level of momentum LINK has gathered lately and the little to no resistance it is currently facing, the crypto asset could just be able to sell for another record-breaking price. This becomes plausible if its current bullish trend continues.

Chainlink adoption: way to go for others 

Compared to other projects of the same use, the level of Chainlink adoption has exponentially grown lately. 

A Twitter user had tweeted how Chainlink’s development and adoption rate has left every other oracle in its wake. He noted that only LINK has been able to sustain any form of hype and usage after the “new oracle” hype busted. He noted that investors have found the oracle useful because of its adaptability to real-world delivery.

The oracle has also garnered loads of partnerships this year with notable institutions like Google Cloud, Binance, IOST, Matic Network, etc. partnering with the oracle.

Not only that, a recent hack of Harvest Finance has also made Chainlink price feed invaluable. The recent attack on Harvest wouldn’t have been possible if the price feed was in place.

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