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Crypto-Charity achieves foolproof donation transparency

After raising over one million medicinal protective materials to hospitals worldwide surged by COVID-19, Binance Charity, the non-profit arm of the cryptocurrency exchange company Binance has launched the first-ever fully transparent charity campaign. Тhe Crypto Against COVID campaign, which has already raised more than $4 million in crypto-donations, and has aided in the delivery of

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After raising over one million medicinal protective materials to hospitals worldwide surged by COVID-19, Binance Charity, the non-profit arm of the cryptocurrency exchange company Binance has launched the first-ever fully transparent charity campaign.

Тhe Crypto Against COVID campaign, which has already raised more than $4 million in crypto-donations, and has aided in the delivery of more than one million PPE(Personalized Protection Equipment) materials to healthcare facilities all over the world that are heavily affected by the virus outbreak and in need of equipment, including China, India, Italy, Japan, South Africa, Spain, Turkey, and the United States.

This campaign aims to provide a track of donations to its respective donors from the moment of transaction to the last-mile delivery of the medical supplies to hospitals, utilizing a blockchain-powered stablecoin dubbed the PPE Token.

The PPE Token enables full transparency on Binance Charity’s public ledger, detailing information such as:

  • purchase orders
  • supply chain tracking
  • photo proof of healthcare workers receiving the medical equipment

Being the first of its kind, it was used to verify the successful, tamper-proof delivery of 200,000 N95 masks to 11 New York City hospitals and the surrounding region.

Benefiting hospitals include: NY Presbyterian Hospital, NYU Langone, Mount Sinai Hospital, Lenox Hill Hospital, Montefiore Medical Center, Mount Sinai Beth Israel, Maimonides Medical Center, Staten Island University Hospital, Stony Brook Hospital, Huntington Hospital, and Walter Reed Army Medical Center.

Daniel Baier, Manager of Hospital Operations, Huntington Hospital said: “I wanted to extend a thank you for the generous donation of masks provided to Huntington Hospital by Binance. This donation represents the type of support that keeps us going strong as we continue our battle against the COVID-19 pandemic.

If you would like to learn more about the charity you can do so by using the following link: https://www.binance.charity/

Stay safe.

Source: https://www.crypto-news.net/crypto-charity-achieves-foolproof-donation-transparency/

Blockchain

MATIC Technical Analysis: Price Below the Second Fibonacci Pivot Point of $1.51, Support Levels Are $1.35 and $1.26

MATIC Technical Analysis: Price Below the Second Fibonacci Pivot Point of $1.51, Support Levels Are $1.35 and $1.26

Rate this post Polygon (MATIC) is a well-structured network that provides an easy-to-use platform for Ethereum. Polygon SDK is the core component used that supports multiple application mechanisms. Polygon is a layer2 scaling solution. It aims to make cryptocurrencies widely accepted. Let us look at the technical analysis of MATIC. Past Performance On September 15, 2021, MATIC opened at $1.32. On September 21, 2021, MATIC closed at $1.05. Thus, in the past week, the MATIC price has not shown any extreme price fluctuation. In the last 24 hours, MATIC has traded between $1.02-$1.19. https://www.tradingview.com/x/ygtnrpoB/ MATIC Technical Analysis After Polygon released news about acquiring Layer 2 blockchain Hermez for $250 million. Many institutions have gained trust in the company. Crypto asset managers have started including MATIC in their portfolios. After this bull trigger, the price rose to a three-month high. However, the price could not break the resistance level and fell back to its immediate support level. MATIC is still trading as per the trendline, which is in the upward direction. Therefore, after taking support of the trend line, we can expect it to break the long-term resistance level as well. The MACD and signal lines have entered below the zero range, suggesting traders to sell. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum looks bearish. Hence, the price may go down further. Since the MACD lines are near zero range, we can not rule out the possibility of the trend reversal. Currently, the RSI indicator is at 36.90%. It faced rejection at 50.97% and fell back to this level. Thus, selling pressures are slowly mounting. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal. On the daily chart, the OBV indicator is trading constantly. Thus, selling volumes are higher than buying volumes. High selling activity will exert downward pressure on the MATIC price. In short, when we look at all three oscillators, we can say that the price may continue to fall. However, we cannot rule out the possibility of a trend reversal. We have to wait and watch if an intermittent price rise is a corrective action or the beginning of a positive trend. Day-Ahead and Tomorrow Currently, the MATIC price is below the second Fibonacci pivot point of $1.51. If the bears remain strong till day end, then the price is likely to fall below the first, and second, support levels of $1.35, and $1.26, respectively. The price is trading below the 38.2% FIB retracement level of $1.68. It may soon fall below the FIB retracement level of $1.42. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price upswing is likely to continue tomorrow as well. However, on the upside, if the resistance of level $1.52 is broken, it will highlight the next resistance at $1.68, which can be kept as the target for the long call.

The post MATIC Technical Analysis: Price Below the Second Fibonacci Pivot Point of $1.51, Support Levels Are $1.35 and $1.26 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Polygon (MATIC) is a well-structured network that provides an easy-to-use platform for Ethereum. Polygon SDK is the core component used that supports multiple application mechanisms. Polygon is a layer2 scaling solution. It aims to make cryptocurrencies widely accepted. Let us look at the technical analysis of MATIC.

Past Performance

On September 15, 2021, MATIC opened at $1.32. On September 21, 2021, MATIC closed at $1.05. Thus, in the past week, the MATIC price has not shown any extreme price fluctuation. In the last 24 hours, MATIC has traded between $1.02-$1.19.

TradingView Chart

MATIC Technical Analysis

After Polygon released news about acquiring Layer 2 blockchain Hermez for $250 million. Many institutions have gained trust in the company. Crypto asset managers have started including MATIC in their portfolios. After this bull trigger, the price rose to a three-month high. However, the price could not break the resistance level and fell back to its immediate support level.

MATIC is still trading as per the trendline, which is in the upward direction. Therefore, after taking support of the trend line, we can expect it to break the long-term resistance level as well.

The MACD and signal lines have entered below the zero range, suggesting traders to sell. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum looks bearish. Hence, the price may go down further. Since the MACD lines are near zero range, we can not rule out the possibility of the trend reversal.

Currently, the RSI indicator is at 36.90%. It faced rejection at 50.97% and fell back to this level. Thus, selling pressures are slowly mounting. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal.

On the daily chart, the OBV indicator is trading constantly. Thus, selling volumes are higher than buying volumes. High selling activity will exert downward pressure on the MATIC price.

In short, when we look at all three oscillators, we can say that the price may continue to fall. However, we cannot rule out the possibility of a trend reversal. We have to wait and watch if an intermittent price rise is a corrective action or the beginning of a positive trend.

Day-Ahead and Tomorrow

Currently, the MATIC price is below the second Fibonacci pivot point of $1.51. If the bears remain strong till day end, then the price is likely to fall below the first, and second, support levels of $1.35, and $1.26, respectively.

The price is trading below the 38.2% FIB retracement level of $1.68. It may soon fall below the FIB retracement level of $1.42. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price upswing is likely to continue tomorrow as well.

However, on the upside, if the resistance of level $1.52 is broken, it will highlight the next resistance at $1.68, which can be kept as the target for the long call.

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Source: https://www.cryptoknowmics.com/news/matic-technical-analysis-price-below-the-second-fibonacci-pivot-point-of-1-51-support-levels-are-1-35-and-1-26/

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$2,800 Is an Important Level for Ethereum, Says Mike Novogratz

The former hedge fund manager said that the crypto market is still in good shape.

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Mike Novogratz, Founder and CEO of Galaxy Digital, believes that $2,800 is the most important price level for Ethereum, the world’s second-largest cryptocurrency.

In a recent interview with CNBC, the former hedge fund manager mentioned that if Bitcoin stays above $40,000 and Ethereum holds the price level of $2,800, then the crypto market will see a jump in demand from retail and institutional investors.

“We held $40,000 overnight in Bitcoin and $2,800 in Ethereum. Those are very important levels for people to watch. As long as those hold, I think the market is in good shape,” Novogratz told CNBC yesterday.

On Wednesday, the price of Bitcoin dipped below $40,000 and Ethereum touched a low of $2,700. However, due to immense demand, BTC and ETH recovered quickly above $42,000 and $2,900, respectively.

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Commenting about the future of the crypto market, Novogratz said that he is not nervous. “I see nothing but engagement and activity from our investing clients and our corporate clients. The level of business in the crypto market has increased. We see so much capital coming into the space. I’m not nervous but the prices are prices, and it was an ugly day in crypto yesterday,” he added.

Gary Gensler on Crypto

In an interview with Washington Post, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), criticized unregulated digital exchanges and crypto lending platforms. “There are trading platforms where you can buy and sell these [digital tokens], lending platforms where you can earn a return on these tokens and it’s highly likely that they have on these platforms securities that the SEC is legally obligated to regulate,” Gensler said.

“I do really fear…there’s going to be a problem with lending platforms or trading platforms, and frankly, when that happens, a lot of people are going to get hurt,” the SEC Chairman added.

Since the start of 2021, speculations around cryptocurrency regulations in the US have increased significantly.

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Source: https://www.financemagnates.com/cryptocurrency/news/2800-is-an-important-level-for-ethereum-says-mike-novogratz/

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BTT Technical Analysis: Price Ready to Hit the $0.0020 Bottom Level

BTT Technical Analysis: Price Ready to Hit the $0.0020 Bottom Level

Rate this post BTT token price breaks below the consolidation range. Increasing selling pressure indicates a downfall to $0.0020. BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform that has been becoming increasingly decentralized over the years. BitTorrent’s TRON program has allowed it to expand its user base and offer decentralized solutions as well as cryptocurrency. Among the added features is BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform, including VPN capabilities and ad-free browsing. Past Performance of BTT On September 7th, BTT coin price found supply near the resistance level of the consolidation range near $0.0050. This resulted in the downside movement of 35% over the next couple of weeks. Thus, resulting in the bearish breakout of the consolidation range. Hence, investors can enter short upon the retest of the breakout. Source – Tradingview BTT Technical Analysis BTT coin price is trading at $0.0032 at the time of writing, with a fall of 2.68% in the past 24 hours. Thus, indicating a gradual rise in the selling pressure. The daily chart’s range breakout by the BTT coin price might shortly develop a high momentum rally post-retest. However, investors need to stay cautious, as the failure of the retest can lead to sideways movement. A downfall can lead up to a 30% decrease in BitTorrent crypto value.  The daily exponentially moving averages of 50- and 200-days move higher than the BTT coin value. As a result, the 50-day EMA curve is indicating a high risk of a death cross, which could increase the underlying bearishness multiple folds. The MACD and signal lines in the daily chart indicate a sell. Additionally, the intensification of the bearish Histogram suggests a solid selling force. Investors can therefore expect the BTT market to decline below $0.0020 in the consolidation range. Currently, the RSI indicator is moving much below the central line on the daily charts. After being rejected from the central line, RSI is finding support close to the 30% mark. However, the slope continues to climb back towards the boundary of the oversold region. However, the RSI that slopes downwards indicates a solid bearish tendency. Day-Ahead and Tomorrow BTT token price is ready to rally lower upon retesting the bearish breakout. Moreover, the increase in selling pressure along with the bearish indication of MACD, RSI, and the EMAs warn investors to stay careful. Therefore, the retest of the consolidation can be seen as an excellent short entry spot.  Furthermore, the support near the $0.0020 mark can be an excellent opportunity to buy the dip for BTT coin holders.

The post BTT Technical Analysis: Price Ready to Hit the $0.0020 Bottom Level appeared first on Cryptoknowmics-Crypto News and Media Platform.

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BTT token price breaks below the consolidation range. Increasing selling pressure indicates a downfall to $0.0020.

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform that has been becoming increasingly decentralized over the years. BitTorrent’s TRON program has allowed it to expand its user base and offer decentralized solutions as well as cryptocurrency. Among the added features is BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform, including VPN capabilities and ad-free browsing.

Past Performance of BTT

On September 7th, BTT coin price found supply near the resistance level of the consolidation range near $0.0050. This resulted in the downside movement of 35% over the next couple of weeks. Thus, resulting in the bearish breakout of the consolidation range. Hence, investors can enter short upon the retest of the breakout.

BTT Technical Analysis

BTT coin price is trading at $0.0032 at the time of writing, with a fall of 2.68% in the past 24 hours. Thus, indicating a gradual rise in the selling pressure. The daily chart’s range breakout by the BTT coin price might shortly develop a high momentum rally post-retest. However, investors need to stay cautious, as the failure of the retest can lead to sideways movement. A downfall can lead up to a 30% decrease in BitTorrent crypto value. 

The daily exponentially moving averages of 50- and 200-days move higher than the BTT coin value. As a result, the 50-day EMA curve is indicating a high risk of a death cross, which could increase the underlying bearishness multiple folds.

The MACD and signal lines in the daily chart indicate a sell. Additionally, the intensification of the bearish Histogram suggests a solid selling force. Investors can therefore expect the BTT market to decline below $0.0020 in the consolidation range.

Currently, the RSI indicator is moving much below the central line on the daily charts. After being rejected from the central line, RSI is finding support close to the 30% mark. However, the slope continues to climb back towards the boundary of the oversold region. However, the RSI that slopes downwards indicates a solid bearish tendency.

Day-Ahead and Tomorrow

BTT token price is ready to rally lower upon retesting the bearish breakout. Moreover, the increase in selling pressure along with the bearish indication of MACD, RSI, and the EMAs warn investors to stay careful. Therefore, the retest of the consolidation can be seen as an excellent short entry spot. 

Furthermore, the support near the $0.0020 mark can be an excellent opportunity to buy the dip for BTT coin holders.

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Source: https://www.cryptoknowmics.com/news/btt-technical-analysis-price-ready-to-hit-the-0-0020-bottom-level/

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