This week, we saw a steady decline in bitcoin price below the USD 11,200 and USD 11,000 support levels. Yesterday, we discussed the chances of bearish continuation below the USD 10,500 support area. BTC/USD did move down and fell significantly below the USD 10,000 support. Also, altcoins failed to hold key supports and declined heavily, […]
Source: iStock/JuSun Decentralized finance (DeFi) project on Binance Smart Chain (BSC), Uranium Finance, reported that it has suffered a security breach — with millions of dollars in ethereum (ETH) on the move and laundered through a popular privacy tool. "Uranium migration has been exploited, the following address has 50m in it," tweeted the project today. […]
Source: Adobe/fgnopporn South Koreans are likely to completely do away with plastic ID, social security and driver’s license cards in favor of blockchain technology-powered digital alternatives, per a new report – with some of the biggest companies in the land vying for a stake in the market. Per Fn News, SK Telecom, KT and LG […]
Source: iStock/ilbusca HSBC Holdings, the UK headquartered one of the largest financial services organisations in the world, completed a transaction using blockchain, showing that the technology is commercially viable for trade finance. This was called “a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade.” The bank, together with […]
Yesterday, we discussed about more gains in bitcoin above the USD 3,980 and USD 4,000 resistance levels. BTC/USD climbed above the USD 4,000 resistance and tested USD 4,050. The current (UTC 08:00 AM) price action is positive and suggests more gains above USD 4,050 in the near term. Ethereum also traded higher and settled above […]