Monat: Oktober 2022

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Is Helium on track for its biggest daily gain this month after rallying by more than 7% today?

HNT is on track for its biggest gain this month as Helium is outperforming the other coins in the top 100.

HNT, the native token of the Helium network, is the best performer amongst the top 100 cryptocurrencies by market cap today. It has added more than 7% to its value so far on Wednesday and could be on track for its biggest daily gain so far in October.

The positive performance comes as the broader crypto market continues its positive start to the week. The total crypto market cap crossed the $950 billion mark after adding less than 1% to its value in the last 24 hours.

Bitcoin, the world’s number one cryptocurrency, is trading above the $20k level for the first time this month after adding 1% to its value in the last few hours.

Ether, the second-largest cryptocurrency by market cap, is, however, down by less than 1% but continues to trade above the $1,300 resistance level.

There is no immediate catalyst behind HNT’s ongoing positive performance. However, if it maintains it, HNT could surge by more than 10% before the end of the day.

Key levels to watch

The HNT/USD 4-hour chart has turned bullish as Helium has been performing well over the last 24 hours. The technical indicators show that Helium is outperforming the broader crypto market.

HNT/USD Chart By TradingView

The 14-day relative strength index of 63 shows that HNT could soon enter the overbought region if the bulls continue to control the market.

The MACD line crossed into the positive territory yesterday, indicating that HNT has overcome its recent bearish trend. 

At press time, HNT is trading at $5.384 per coin. If the bullish trend continues, HNT could move past the first major resistance level at $6.691 before the end of the day.

However, it would need the support of the broader crypto market to target the $8.5 resistance level for the first time since August. 

Where to buy now

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy HNT with Binance today

Vindax

VinDAX Exchange has been live for cryptocurrency trading for global users since March 2019. VinDAX focuses on providing exchange services for digital cryptocurrency transcations with high security level, excellent efficiency and well-optmized trading fee.

Buy HNT with Vindax today

The post Is Helium on track for its biggest daily gain this month after rallying by more than 7% today? appeared first on CoinJournal.

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Anchorage announces five new partnerships in a move to expand its presence in Asia

Institutional crypto platform Anchorage Digital is expanding its presence in Asia after announcing five key partnerships. 

Institutional crypto platform Anchorage Digital announced that it has partnered with five new Asia-based institutions. This latest development comes as the company makes a push into Asia. 

Anchorage Digital has partnered with cryptocurrency exchange Bitkub, asset management firm Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures and digital assets financial services provider Antalpha, 

This isn’t the first time Anchorage Digital is partnering with crypto firms in Asia. The company had previously partnered with internet infrastructure provider GMO-Z.com Trust Company in the region. 

Anchorage Digital has been around since 2017 and was the first crypto bank to receive a federal charter in the United States. 

According to the company, many clients in Asia chose Anchorage because of its strong regulatory status in the United States.

Will Chiu, Antalpha’s chief investment officer, in a statement, commented that;

“We appreciate Anchorage’s attention to regulatory compliance and vetting of the digital assets they support. Through their combination of crypto-native fluency and understanding of traditional finance needs, they continue to support us in expanding the adoption of digital assets.” 

This latest development doesn’t come as a surprise, as institutional investors have been doubling down on the crypto space over the past few years. 

Anchorage provides financial institutions with integrated financial services and infrastructure solutions, including custody, staking and trading services.  

Earlier this year, Anchorage Digital received a consent order from the Office of the Comptroller of the Currency (OCC) after failing to implement the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements

The cryptocurrency startup recently raised $350 million in a Series D funding round. The funding round was led by investment firm KKR and joined by a host of other investors, including Goldman Sachs, Thoma Bravo, Alameda Research and Blockchain Capital. 

Diogo Mónica, Anchorage’s co-founder and president commented that;

“We work with institutions and what we see is that institutions have very long-term horizons, they are not stopping these partnerships.” 

Anchorage recently announced its partnership with Aptos, a layer-1 blockchain. Regarding this partnership, Mónica said;

“By partnering with Aptos, we’re actually helping make sure that the next generation of layer 1 blockchains are taking these proper [security] considerations, and that will only spur future growth in the industry,” 

Institutional investors have been gaining exposure to the major cryptocurrencies, including Bitcoin and Ethereum, in recent years. 

The post Anchorage announces five new partnerships in a move to expand its presence in Asia appeared first on CoinJournal.