The Wikimedia Foundation is being asked to stop accepting cryptocurrency donations on behalf of Wikipedia, as scrutiny over the industry’s carbon footprint persists.

CELR coin price action reflects increased chances of a double bottom breakout to drive the price higher above the $0.10 mark. While blockchain can be exciting, however, it leaves a lot to be desired when it comes to the speed of transactions and efficiency. Celer Network is a cleverly designed layer-2 scale solution that allows off-chain transactions processing.  The Celer platform provides rapid, easy as well as secure transactions off-chain for smart contracts and payment transactions. Let us move ahead to read about the Celer technical analysis. Past Performance of CELR CELR coin price grew more than 25% from the $0.06 mark, resulting in the double bottom pattern in the daily chart. Moreover, recent bullish candles formation indicates a reversal in the short-term downtrend. The neckline of the pattern is at $0.085, the breakout of which will mark a bullish milestone. CELR/USD Daily Chart CELR Technical Analysis The CELR Network fills a vital space in the cryptocurrency market. Its interoperability and its blockchain-agnostic design are ideal for growing DeFi communities. Users can take advantage of Celer’s features for more ROI-related opportunities, as well as, save on fees and reduce time to complete transactions. The crucial EMAs (50, 100, and 200) showcase a rise in underlying bearishness evident by the death cross in the daily chart. Moreover, the EMAs can show dynamic resistance to the increasing prices. The CELR price action indicates resistance levels at $0.10 and $0.12 above the neckline at $0.80. The support levels are at $0.60 and $0.40 which can halt a downfall if the price fails to give a bullish breakout. The RSI indicator at 51% shows a spike in the slope as it breaks above the center mark and the 14-day SMA. Moreover, the SMA takes a bullish slope and indicates a rise in bullish powers. The MACD indicator shows a reversal in the MACD and signal lines as they overcome the influence of the recent bearish crossover. The lines regain the uptrend momentum and give a bullish crossover. Therefore, the indicator showcases a bullish revolt in action. Upcoming Trend The upcoming trend in the CELR coin price seems to be bullish as the chances of the double bottom breakout increase significantly. The technical indicators and the price action suggest the breakout opportunity. However, safe traders need to be patient and wait for the price action confirmation.

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Coinbase, the US’s biggest cryptocurrency exchange by trading volume, has announced the acquisition of FairX, a US registered futures exchange. The move will see Coinbase finally filling the gap in its portfolio offering with a move into crypto derivatives. Coinbase looking to capitalize on the crypto derivatives market with acquisition of FairX Coinbase exchange is

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$44,000 remains a focus overnight, but clear direction evades Bitcoin markets and participants are nervous.

Payments giant Visa has teamed up with the blockchain software company ConsenSys to build an on-ramp for central bank digital currencies (CBDCs). The pilot program will begin after discussions with roughly 30 central banks about its development and potential. According to Bloomberg, Visa will launch a ‘CBDC sandbox’ this spring, where central banks can experiment with technology after minting on Consensys’ Quorum protocol. The latest tech will allow the enabling of plugging into existing payments modules. This means traditional finance companies will be able to integrate the infrastructure to issue things like CBDC-linked Visa cards or digital wallets anywhere where Visa is accepted globally. Commenting on the development, Catherine Gu, Visa’s Head of CBDC, said: “CBDC could expand access to financial services and make government disbursements more efficient, targeted, and secure that’s an attractive proposition for policy makers. With CBDC, a central authority could send fast payments to a targeted set of users and program specific spending parameters.” Mastercard launched a similar CBDC testing platform in 2020. Currently, Visa offers payment cards linked to USD Coin, stablecoin issued by a consortium that includes Circle Internet Financial Inc. Earlier in December 2021, Visa helped in the formation of a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for crypto products continues to grow. Meanwhile, ConsenSys is already one step ahead in helping develop CBDCs in Australia, France, Hong Kong, and Thailand.

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Speaking on an interview Wednesday, Hong Fang, the CEO of crypto exchange OKCoin, opined that Bitcoin reaching $100,000 would not be a problem in the long term. (Read More)

The International Monetary Fund (IMF) admonitions the connection between cryptocurrency and financial markets, which posits risks to the financial system, reports Outlook. The international body presents a report saying, “digital assets no longer form the edge of the financial system. Eying on their high volatility & the enhancing association between cryptocurrencies, the stocks are seen

The post Crypto Not ‘Fringe’ Anymore, Connection to Stocks Might Comprise Risks: IMF appeared first on CoinGape.

“We believe the price is going up. Our internal valuation models put the price per BTC right now of between 50,000 to 75,000,” says Guido Buehler, CEO of Seba Bank.

The Chopping Block is back! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Show topics: why crypto[...]

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