Grayscale will Mining-Geräte günstiger kaufen und akkreditierten Investoren so neue Investmentmöglichkeiten bieten.
Is SAND a buy after football star Kun Aguero joins The Sandbox metaverse?
The Sandbox has partnered with football star Kun Aguero to attract fans into the metaverse but could that lead to surge in the price of SAND?
SAND, the native of The Sandbox metaverse, is down by more than 2% in the last 24 hours.
The poor performance coincides with that of the broader cryptocurrency market. The total crypto market remains above $950 billion despite losing less than 1% of its value in the last 24 hours.
Bitcoin, the world’s leading cryptocurrency, has dropped below the $20k level once again after losing 0.7% so far today, Ether is also down by less than 1% so far today but continues to trade above $1,300.
SAND’s poor performance comes despite The Sandbox announcing its partnership with Premier League legend Sergio Kun Aguero.
⚽ AGÜEROOOOOOO ⚽
Delighted to welcome none other than @aguerosergiokun to The Sandbox! 🤝 The 𝘒𝘶𝘯𝘪𝘷𝘦𝘳𝘴𝘦 will hold football-themed games, dancing and many more surprises!
Stay tuned for more… pic.twitter.com/ewj71bAPEf
— The Sandbox (@TheSandboxGame) October 6, 2022
The Sandbox added that the first version of Kuniverse will be released on November 6th and will take the form of a huge stadium with football-themed games, dancing, and even a food truck with Argentinian food, among other experiences.
Key levels to watch
The SAND/USD 4-hour chart remains bullish despite The Sandbox underperforming over the last few hours.
The MACD line remains above the neutral zone, indicating that The Sandbox market is positive. The 14-day relative strength index of 49 shows that SAND is not yet in the oversold region despite underperforming today.
At press time, SAND is trading at $0.8452 per coin. If the bearish trend continues, SAND could drop below the $0.8118 resistance level before the end of the week.
Unless the bulls regain control of the market, SAND could drop towards the $0.7452 support level for the first time since July.
The bulls might regain control and push SAND towards the $0.9257 resistance level in the near term. However, the second-major resistance level at $1.0599 should be hard for the bulls to overcome over the next few hours or days.
Where to buy now
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
The post Is SAND a buy after football star Kun Aguero joins The Sandbox metaverse? appeared first on CoinJournal.
„Gewaltsamer“ Bitcoin (BTC)-Ausbruch? BTC Open Interest auf Allzeithoch
Der Open Interest bei den Bitcoin-Futures ist fast auf einem Allzeithoch. Aber dahinter stecken ganz andere Gründe als letztes Jahr, wie aus einer Analyse hervorgeht.
Binance receives a licence to operate its cryptocurrency exchange in Kazakhstan
Binance received a licence to operate its crypto exchange in Kazakhstan a few days after signing a Memorandum of Understanding with the country’s financial regulator.
The world’s leading cryptocurrency exchange, Binance, announced via a blog post on Thursday, October 6th, that it has received a licence from the AIFC Financial Services Authority ( AFSA )
Thanks to this latest development, Binance can now operate a digital asset platform and provide custodial services at the Astana International Financial Centre.
The crypto exchange said it could provide its services as a digital asset platform site operator and custodial service provider at the Astana International Financial Center.
Binance Asia Director Gleb Kostarev said;
“We welcome the intention of Kazakhstan to become a leading player in the field of new digital technologies and the cryptocurrency ecosystem. The government has made significant changes to the legislation and the regulatory environment, thereby setting the highest compliance standards for cryptocurrency platforms in the republic. We are proud to announce that Binance has taken another step in its quest to be a compliance-focused exchange.”
Binance said the permanent licence means that it is now a regulated platform in Kazakhstan. The crypto exchange can offer exchange and conversion services, deposit and withdrawal of fiat currencies, storage of cryptocurrency assets and exchange trading.
Users would be required to register an account with Binance before they can enjoy the services provided by the exchange. The range of services and services of the exchange will constantly be expanding, Binance added.
This latest development comes barely a week after Binance announced that it had signed a Memorandum of Understanding with the Financial Monitoring Agency of the Republic of Kazakhstan.
Per the terms of the agreement, Binance will work with the authorities to identify and block virtual assets obtained by criminal means in addition to those intended for the legalization (laundering) of proceeds from crime and the financing of terrorism.
Binance also gained regulatory approval to operate in New Zealand roughly a week ago.
Binance remains the leading cryptocurrency exchange in the world, and currently processes over $12 billion in daily trading volume.
The post Binance receives a licence to operate its cryptocurrency exchange in Kazakhstan appeared first on CoinJournal.
Bitcoin Cash maintains choppy movement. Are buyers relentless?
-
Bitcoin Cash has held close to $110 for three months now
-
The cryptocurrency’s price movement has reflected that of Bitcoin
-
BCH has formed multiple bottoms, suggesting a possible price reversal at $110
Bitcoin Cash BCH/USD bulls have been sending a clear message. That they want to keep the $110 level intact. Even when the markets are under pressure, BCH has always held to the level since June.
Well, the price dynamics of Bitcoin Cash resemble those of the parent blockchain, Bitcoin. The latter has been the king of crypto. Thus, it is expected that Bitcoin will steal all the headlines in very bullish markets. However, investors look at Bitcoin Cash as a cheaper alternative to Bitcoin. It’s not the cheapest cryptocurrency, nonetheless, as it trades at a relatively premium $122 price. Still, the price is a penny compared to the beaten-down price of $20,200 for Bitcoin.
Turning to the price action, Bitcoin buyers have always defended $19,000. Clear multiple bottoms at the level suggest it could be the most plausible psychological bottom for the cryptocurrency. BCH has moved similarly, which we think would welcome a bullish recovery.
BCH forms multiple bottoms at $110. What does it mean?
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
Source – TradingView
From the technical outlook, BCH has formed multiple bottoms at the $110 level. Multiple bottoms are not trend or price direction indicators by themselves. Instead, they show a fight for control between sellers and buyers.
Multiple bottoms that occur after a prolonged downturn could be a significant suggestion of a trend change. In other words, it signifies that buyers are beginning to get in, which erodes the selling pressure.
What next for BCH
The above chart shows buyers trying to control BCH at the $110 level. To a patient investor, that would be a perfect entry point before momentum kicks in.
The post Bitcoin Cash maintains choppy movement. Are buyers relentless? appeared first on CoinJournal.