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Bitcoin analysts flag key BTC price points as bulls cling to $26K

Bitcoin (BTC) hit intraday lows after the Sept. 26 Wall Street open as its price behavior shunned major volatility. BTC/USD 1-hour chart. Source: TradingView Binance traders put up thin BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency acting in a tight range while keeping $26,000 as support. Bitcoin bulls saw several retests of the $26,000 level as the week got underway, though it was still holding at the time of writing. Analyzing the composition on the largest global exchange, Binance, monitoring resource Material Indicators eyed potential scenarios to come. With $50 million in bid...

Tether Aims to Publish Reserve Data in Real-Time in Coming Years: Report

Stablecoin issuer Tether is working towards publishing real-time data on the reserves backing USDT in coming years, the industry's largest dollar-pegged stablecoin, according to a Bloomberg report. The firm told Bloomberg that it doesn't have any hard-and-fast deadline to achieve its real-time data reporting goal. In its latest quarterly attestation, Tether had $3.3 billion in excess reserves as it converted its pile of controversial commercial paper for U.S. Treasuries, of which it held $72.5 billion worth. The firm received a $42.5 million fine from The Commodity Futures Trading Commission (CFTC) in 2021 on allegations that USDT was not fully backed...

What Is Ethereum Classic (ETC)? | A Guide to the Original Ethereum Blockchain

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US Dollar (DXY) Reaches One-Year Peak, but Michael Saylor Sees Bitcoin (BTC) as ‘Lifeline’

The US Dollar Index (DXY) has reached its highest level in almost a year. Contrary to the widely held bearish view of the dollar, this marks a strong shift, which is now entering a phase of potential consolidation. If the US Dollar confirms the start of a new uptrend, this could have major implications for broad financial markets and cryptocurrencies. However, despite the historical negative correlation between DXY and BTC, this impact does not necessarily lead to declines in the crypto sector. US Dollar Reaches New One-Year Peak The US Dollar index peaked at 114.8 in September 2022. A month...

Google Cloud Makes Push into Metaverse by Partnering with MultiversX

Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud has integrated MultiversX into its platform, offering support for Web 3.0 projects. Thus, users will be able to leverage robust data analytics and artificial intelligence tools within Google Cloud’s ecosystem. The collaboration will facilitate the efficient execution of data-centric blockchain projects at scale. It aims...

Dubai’s Ambitious Plan to Accelerate NFT Adoption Through Educating Artists on Web3 Technologies

The art scene in the United Arab Emirates is experiencing a vibrant surge, characterized by a flourishing array of galleries and auction houses in Dubai and ambitious museum projects taking shape in Abu Dhabi. From the exquisite masterpieces on display at the Louvre Abu Dhabi to the innovative contemporary installations that adorn the Emirates’ landscape, it’s evident that the country is at the forefront of the region’s rapidly growing art scene. In a region where many countries are channeling their investments into museums and entertainment facilities to attract tourism, Dubai stands out for its pioneering approach to embracing technological advancements....

What’s the Best Sign of Success, Emotional Intelligence or IQ? Turns Out, It’s Something Else

There has been a long-standing debate about what is a better predictor of job and career success -- IQ or EQ. For the record, individuals with high EQ (emotional intelligence) possess the ability to work effectively with others such as customers, bosses, coworkers, vendors, etc, as well as comprehend people and their emotions. On the other hand, IQ measures one's knowledge, which is essential for learning, memory, focus and problem-solving. Something better than EQ and IQ In the meantime, a new contender is steadily rising through the ranks and making headlines: LQ (love quotient).  Jack Ma, the co-founder of fintech...

Binance is Reportedly Behind New Hong Kong Crypto Exchange Seeking License

Source: AdobeStock / prima91 Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report.  The trading platform, known as HKVAEX, was created in December 2022 and launched its trading services in February.  HKVAE Seeking a License in Hong Kong SCMP reported that insiders close to the company, who spoke on the condition of anonymity due to the sensitive nature of the information, suggest that Binance is the driving force behind HKVAEX’s...

Google Updated New NFT Cryptocurrency Rules!

Home / Crypto Live News / Google Updated New NFT Cryptocurrency Rules! Google has announced an update to its Cryptocurrencies and related products policy, enabling advertisers to promote NFT games that don’t promote gambling content starting September 15, 2023. However, advertisers need to meet certain requirements to be certified by Google. The updated policy is designed to increase transparency and make it easier for advertisers to promote their products and services. Google had previously banned all cryptocurrency-related ads, but it has since loosened its restrictions, allowing certain types of crypto ads to be run on its platform. 

How Close Is Governmental And Institutional Cryptocurrency Adoption?

Governmental and institutional cryptocurrency adoption has been a topic of significant debate and speculation in recent years. As we stand in 2023, it’s clear that the landscape is evolving rapidly, but the finish line is still somewhat distant. First, let’s look at governmental adoption. Several countries have taken steps towards embracing cryptocurrencies, albeit cautiously. Some have introduced regulatory frameworks to govern their use, while others have explored the possibility of launching their own digital currencies, often referred to as central bank digital currencies (CBDCs). The motivations behind these initiatives vary, from improving financial inclusion to enhancing payment systems’ efficiency. China,...