Analysis Crypto by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The Storj price prediction reveals that STORJ is hovering above the moving averages as the coin touches the daily high at 0.317. Storj Prediction Statistics Data: Storj price now – $0.295 Storj market cap – $165 million Storj circulating supply – 405 million Storj total supply – 424.9 million Storj Coinmarketcap ranking – #182 STORJ/USD Market Key Levels: Resistance levels: $0.370, $0.390, $0.410 Support levels: $0.220, $0.200, $0.180 STORJUSD – Daily Chart STORJ/USD touches the resistance level of $0.317 today, trading above the 9-day 21-day moving averages. However, the Storj price also crosses above the upper boundary of the channel to touch the daily high before retreating to where it is trading currently. Meanwhile, the STORJ/USD will have to cross above the channel to increase the buying pressure as traders expect the coin to the upside. Storj Price Pred...

South Korea passes its first standalone digital-asset bill. The bill aims to safeguard investors and address crypto scandals. The legislation defines digital assets and imposes penalties for violations. South Korea has made a significant move in the crypto world by passing its first standalone digital-asset bill to safeguard investors and address the aftermath of a series of scandals. The bill was approved by Parliament on Friday, consolidating 19 crypto-related bills into one comprehensive legislation. According to the Bloomberg report, the Virtual Asset User Protection legislation defines digital assets and establishes penalties for violations, including using nonpublic information, market manipulation, and unfair trading practices.  It grants the Financial Services Commission the authority to supervise crypto operators and asset custodians while enabling the Bank of Korea to investigate such platforms. The legislation also mandates insurance coverage, reserv...

Research Analyst Tom Dunleavy has highlighted that the event is set to take place tomorrow at 8:00 a.m. UTC. Dunleavy stated that the notional values of these expiring options are estimated to be approximately $2 billion for ETH and $5 billion for BTC, exceeding the value of the preceding quarter by $300 million. advertisement Current Price Movement of BTC and ETH Options expiry refers to the date on which derivative contracts, known as Options , reach their maturity. These contracts grant traders the right, but not the obligation, to buy or sell the underlying asset, in this case, Bitcoin or Ethereum, at a predetermined price within a specified time frame.  According to reports, the put/call ratio, which measures market sentiment, is 0.56 for Bitcoin and 0.57 for Ethereum, suggesting a bullish market outlook. Notably, when the put/call ratio falls within the range of 0.5 to 0.7, it generally indicates positive sentiment among traders.  Furthermore...

Join Our Telegram channel to stay up to date on breaking news coverage The Federal Financial Supervisory Authority (BaFin), which is now German’s Bitcoin regulator, is shutting down illegal bitcoin ATMs in the country. BaFin was given the responsibility under the German Banking Act. However, the regulator has listed guidelines the operators of the Bitcoin ATMs must follow to gain back their normal service operation of the ATMs. ATM shuts down due to unauthorized operation On Wednesday, BaFin sent out a notification in line with the order is issued on February 20 to close KK UG’s Bitcoin operation in Germany. According to the statement, the regulator ordered KK UG to stop its crypto operation indefinitely in the country. It pointed out that KK UG is carrying out commercial proprietary trading without getting the necessary authorization. As a result, the company’s ATM has been banned from carrying out transactions in Germany. The cryptocurrency ATMs of Shitcoins can be seen in...

Join Our Telegram channel to stay up to date on breaking news coverage On June 28, KuCoin officially announced the upcoming KYC system upgrades to increase compliance with global Anti-Money Laundering regulations. The KYC authentication upgrade introduces mandatory ID verification for all new users on KuCoin starting July 15, 2023. Failure to complete the KYC process, the newly registered users will be unable to access KuCoin’s suite of products and services, the exchange said. Further, existing users who registered before July 15, 2023, must also complete the KYC process to access some Features on the platform. According to the announcement, without completing KYC, existing users can only use services such as Spot trading sell orders, Futures trading deleveraging, Margin trading deleveraging, KuCoin Earn redemption, and ETF redemption. Such users will not be able to deposit new funds, however, withdrawals will remain unaffected. Why ID Verification? Implementing man...

Recently, there has been a noticeable trend in the crypto market where meme coins, such as pepe coin (PEPE) and floki inu (FLOKI), have gained significant popularity. However, the hype surrounding these meme tokens is waning, leading crypto enthusiasts to seek alternative projects. One such project that has attracted attention is DigiToads (TOADS), an Ethereum-based meme coin. This particular coin is a potential option for users due to its growth prospects and focus on security. Additionally, DigiToads employs an innovative decentralized finance (DeFi) model, which can appeal to individuals interested in generating passive earnings. DigiToads: revealing hybrid DeFi ecosystem DigiToads is a crypto project that utilizes a hybrid, decentralized finance (DeFi) model, offering a combination of Features from meme coins, play-to-earn games, and staking platforms. The project aims to provide enhanced utility to its users through various functionalities such as staking NFTs, trading crypto...

The Financial Services Authority (FSA) of Japan and the Monetary Authority of Singapore (MAS) have joined forces in Project Guardian, aimed at exploring the potential applications of digital technologies, specifically asset tokenization . The project seeks to conduct pilot experiments to assess the feasibility of these applications while carefully managing the associated risks to financial stability and integrity. Project Guardian is here Several sectors within the industry have already embarked on pilot projects as part of this collaborative endeavor. These include fixed income, foreign exchange, as well as asset and wealth management. By engaging industry practitioners and policymakers, Project Guardian aims to delve into various use cases across different asset classes, thereby enriching the collective understanding of digital asset networks. In the June 26 press release, Leong Sing Chiong, Deputy Managing Director at the Monetary Authority of Singapore (MAS), expressed...

Crypto Tony says APE needs to break above the $2.4 resistance to warrant a long position. He revealed that climbing above this region would push APE toward $3.5. Tony added that an APE price reversal was imminent, considering new APE sinks in the ecosystem. According to Crypto Tony, a renowned investor and cryptocurrency analyst on Twitter, ApeCoin (APE) needs to break above the $2.4 resistance to warrant a long position. In a recent tweet, he revealed that climbing above this region would induce an APE rally toward the $3.5 price level. $APE / $USD – Update $2.40 is the area of resistance i need to see the bulls flip into support, in order to warrant a long position With the APE sinks coming up in terms of #HVMTL & #LOTM .. I think we see a nice reversal soon pic.twitter.com/R9wJC4cXrT — Crypto Tony (@CryptoTony__) June 26, 2023 Tony added that an APE price reversal was imminent and would happen soon, considering new APE sinks in the eco...

Cross-border payments. Anyone who has ever tried sending or receiving an international wire transfer knows the pain of the process all too well. It can take days to resolve, can’t be tracked, and often costs up to $50 for what should be a simple transaction from one country to another. When the word “blockchain” first entered the mainstream vernacular years ago, one dominant narrative was that it would solve the daunting problem. As much as it’s a useful application of blockchain tech, it is kind of boring, Jason Yanowitz admits on the Bell Curve podcast (Spotify/Apple). Competing phenomena like DeFi and NFTs took over the scene for a period of time, leaving the more practical but less engaging topic to fade into the background. But that doesn’t mean people haven’t been working on it in the meantime. SAP, an enterprise software company that powers the underlying payment structure of a range of Fortune 500 and Fortune 1000 companies, has been working on a blockchain solution t...

Bullish LINK price prediction ranges from $9.419 to $10.08. LINK price might also reach $15 this 2023. LINK’s bearish market price prediction for 2023 is $4.430. Smart contracts have become an important concept in laying down the foundation of blockchain and decentralization. Smart contracts also paved the way for a new world where there were no interference from the intermediary parties. However, there were still challenges faced as the entry into this new world was complex. Among the various projects, Chainlink was one such decentralized network that in providing real-time data to smart contracts in the blockchain, thus, making entry into this world easy. LINK, Chainlink’s native token, plays an important role in powering up the ecosystem. Naturally, potential investors and individuals would be curious about LINK’s price performance over the years. If you are interested to learn about LINK’s price Analysis and forecast for the years 2023, 2024, 2025, 2...