Crypto Trading 101: An Introduction to Support and Resistance

news Switzerland’s finance watchdog has found that the cryptocurrency mining firm Envion AG, which raised millions through an initial coin offering (ICO), held the sale illegally and “seriously violated” laws. Announcing the news on Wednesday, the country’s Financial Market Supervisory Authority (FINMA) said that Envion unlawfully received public deposits worth over 90 million francs ($90.33…

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Retail traders were mostly absent from Pepecoin’s (PEPE) stellar rise to $1.5 billion market cap in a few weeks, even as the token snagged billions of dollars in daily…

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesBitcoin (BTC) contrarian bets were seemingly proven right as the much-awaited approval of a spot exchange-traded fund (ETF) turned out to be a “sell-the-news” event, one

Leading video game retailer GameStop (GME) said it will remove its support for crypto wallets citing regulatory uncertainty in the United States, just one year after rolling out the service."Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1,…

This week in prediction markets:Polymarket bettors think Binance ex-CEO Changpeng "CZ" Zhao will spend less time in prison than what the U.S. DOJ is asking for.The CFTC weighs a ban on election derivatives.How low will the Federal Reserve go?Binance's founder and former CEO, Changpeng "CZ" Zhao, will be sentenced in a U.S. court in Seattle

Komainu, a crypto custody joint venture of Nomura, Ledger and CoinShares, is joining Copper’s ClearLoop network, the company said Thursday.The tie-up will allow institutional clients of Komainu to trade over ClearLoop, the firm said. The clients will be able to benefit from regulated, on-chain custody provided by Komainu, while at the same time gaining access

Apr 29, 2020 at 13:23 UTCUpdated Apr 29, 2020 at 13:33 UTCSilvergate HQ. (Credit: Will Foxley for CoinDesk)Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday.“The increase in total…

NEWS With bitcoin cash (BCH) now looking certain to split into two competing cryptocurrencies, some traders in Asia are betting that the sum of the parts will be worth more than the whole. Specifically, these investors have been buying BCH in anticipation that Thursday’s contentious network software upgrade, or hard fork, will leave them owning…

Oct 5, 2020 at 20:49 UTCUpdated Oct 5, 2020 at 21:40 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Gains Steadily to $10.7K; Ethereum Fees at 2-Month LowBitcoin’s price is steadily increasing after last week’s bad news dump; while Ethereum’s fees fall.Bitcoin (BTC) trading around $10,734 as of 20:15 UTC (4:15 p.m. ET). Gaining 0.51% over…