Crypto Trading 101: An Introduction to Support and Resistance

Monthly bitcoin mining revenue since January 2019.Bitcoin miners enjoyed a 23% increase in revenue during August, driven by higher network fees from increased on-chain transaction volume as bitcoin (BTC) avoided a daily close below $11,000 throughout the entire month. Bitcoin miners generated an estimated $368 million in revenue in August, up from $300 million in…

news The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees. The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk.…

markets View Bitcoin created a bullish “engulfing candle” last month, confirming seller exhaustion. A bullish reversal, however, would only be confirmed if price closes above $4,190 (high of the engulfing candle) on March 31. A bullish monthly close would open the doors to $5,000, although gains may be hampered by the crucial 21-week moving average, which…

Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAXBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than…

Dec 18, 2019 at 17:30 UTCUpdated Dec 18, 2019 at 18:27 UTCBrian Behlendorf, executive director of HyperledgerThis post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Brian Behlendorf is the Executive Director of Hyperledger, an open source group advancing…

BingX was the victim of a hack for more than $43 million. Its CEO said on X that the assets stolen were minor and any customer losses would be compensated. Crypto exchange BingX has been hacked for a "minor" amount of assets and the exchange plans to compensate users for any loss, the firm's CEO

The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether's  account at the Bahamas-based institution is "authentic." The letter, which Tether published Nov. 1, stated – albeit with a prominent disclaimer – that the company held an account at the bank, and that the account's balance as of Oct.…

Uniswap's governance token UNI gained 60% after a proposal by a key Uniswap Foundation leader to overhaul the protocol's decision-making.The proposal would distribute protocol fees among UNI holders who stake and delegate tokens to rejuvenate the protocol's decision-making.Decentralized exchange Uniswap's governance token (UNI) jumped Friday as much as 60% after a proposal to overhaul the

news A multi-billion-dollar asset management company plans to use the Stellar blockchain for a new fund. Franklin Templeton Investments filed a preliminary prospectus with the U.S. Securities and Exchange Commission Tuesday for a money market fund whose shares would be recorded on the Stellar Network. The plan requires the SEC’s approval. To be clear: the…