In Legal Battle With US SEC, Telegram Sees New Support From Trade Association

The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SEC). The amicus brief and the SEC’s lack of clarity The April 3 brief takes the SEC to task for backtracking on its own guidance for legally distributing digital assets.  Referring to the inconsistency that issuers of digital assets must cope with when dealing with the SEC, the brief says that “No settled precedent or agency…

Ethereum Breaking This Crucial Support Could Spark a Sharp Decline

Ethereum is struggling to gain bullish momentum above the $145 resistance against the US Dollar, similar to bitcoin. ETH price must stay above the $140 support area to remain in an uptrend. ETH price is currently facing a strong resistance near $145 and $150 against the US Dollar. There is a crucial support forming near the $140 level and the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $145 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either…

Bison Trails Provides Support for NuCypher Protocol

Blockchain infrastructure-as-a-service company, Bison Trails, announced support for the NuCypher network, as well as its permissionless token distribution system, WorkLock, on April 2. According to the announcement, the Libra Association member assured users that anyone would be able to run nodes and participate in the NuCypher network on the Bison Trails platform. NuCypher’s use cases The network is based on three use cases: secret management, dynamic access control, and secure computation. The company highlights that NuCypher’s cryptographic infrastructure allows this alliance to be carried out, which consists of privacy-preserving applications that…

Bitcoin Holding Crucial Support: Here’s What Could Propel it to $7K

Bitcoin corrected lower from the $6,600 resistance area against the US Dollar. BTC price is currently holding the key $6,250 support and it could start a fresh increase in the near term. Bitcoin started a short term downside correction from the $6,636 high against the US Dollar. The price is currently holding the key $6,250 support and the 100 hourly SMA. There is likely a bullish flag pattern forming with resistance near $6,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally…

Bison Trails Announces Support For Solana Protocol

Blockchain infrastructure-as-a-service company and Libra association member, Bison Trails, announced support for Solana on March 26. Solana is an open-source project that implements permissionless blockchain technology. Solana’s protocol uses a new approach to establish the order of blocks, called Proof-of-History, and will be available at mainnet launch on the Bison Trails platform. As the company details, Solana currently supports 50-65K transactions per second and 400ms block times, with 50 nodes on its public testnet. Benefits attached to the partnership In dialogue with Cointelegraph, Joe Lallouz, CEO of Bison Trails, commented…

Coinbase Wallet Integrates Support for DeFi Lending Apps

Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. While the DeFi apps were already available through Coinbase Wallet’s built-in decentralized application browser, the exchange asserts that the integration significantly increases the ease-of-use for users seeking to access DeFi protocols. The new feature will roll out for iOS this week, with Android support slated to follow in the near…

Bitcoin Price Turns Bullish as Traders Fight to Flip $6,400 to Support

Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.  Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.  Thus, crypto…

Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows

As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis. Crypto market daily performance. Source: Coin360 As traditional markets gear up for another week of turbulent trading, volatility is expected to return to the crypto market as well. However, with rumours of U.S. stock trading halting completely, it’s hard to say how the crypto market will behave…

Here’s How High Bitcoin Price May Go if $6.4K Becomes New Support

After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.  The digital asset has made an impressive 66% recovery since dropping to $3,775 on March 13, and the majority of altcoins are also notching double-digit gains. But how much longer can the current rally last?  Crypto market daily performance. Source: Coin360 After breaking above the pennant trendline at $5,600, Bitcoin formed a bullish three white soldiers candlestick pattern and traders pushed the price slightly above the $6,300…

XRP Price on Final Support Before $0.06? Key Level Holding for Now

Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% and 40%. Crypto market daily performance. Source: Coin360 These movements also meant a further drop in altcoins. However, some outcomes have been doing slightly better than Bitcoin in recent weeks and one of them is XRP. XRP price on final USD support before $0.06 XRP USD 1-week chart. Source: TradingView The XRP/USD chart shows…