As the Bitcoin price bounces back to $39K, traders set levels to watch.
A significant resurgence for Bitcoin is expected to be met with “probable rejection” if $40,000 is reintroduced, according to one analyst. On Feb 23, as European markets opened with small gains, Bitcoin (BTC) began to exhibit much-welcomed upside volatility. $39,600 is expected to elicit “strong pushback.” BTC/USD gained significantly on Wednesday, reaching $39,000 before stabilizing, […]
The official Indian crypto advertisements guideline has 5 essential points
The new rules of Indian crypto advertisements limit the size and phrasing of disclaimers, and also make it illegal to portray the stock market as a “get rich quick plan.” On Wednesday, the Advertising Stands Council of India (ASCI) issued a set of 12 recommendations regarding the promotion and advertisement of virtual digital assets (VDA), […]
A new product from a Swiss index provider tracks 10 DeFi tokens better
“By including fundamental measurements into index development, investors will be able to allocate funds to the most efficient DeFi tokens based on sensible economic data,” stated Guillaume Le Fur, CEO of Compass Financial Technologies. Compass Financial Technologies, a fund manager based in Switzerland, has developed the “Compass Crypto Basket Fundamental DeFi Index,” which includes ten […]
The Ledger hardware wallet is now supported by Coinbase Wallet
Coinbase has teamed with Ledger to create a limited-edition Coinbase-branded Nano X hardware wallet as part of the launch. Coinbase Wallet, the in-house wallet service of popular crypto exchange Coinbase, has added support for Ledger hardware wallets to its browser extension. Coinbase Wallet is a noncustodial wallet available in the Chrome Web Store that allows […]
Luna Foundation Guard raises $1 billion to establish a Bitcoin-based UST reserve
Luna Foundation (Terra) chose Bitcoin as the currency for the Forex Reserve because it is “less connected to the Terra ecosystem,” according to the company. Luna Foundation Guard, a charity focusing on the open-source stablecoin network powering Terra USD, has raised $1 billion through the sale of LUNA tokens. Jump Crypto and Three Arrows Capital […]