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Bullish attempts to topple the bear reign in the Moonbeam (GLMR) market have been thwarted by solid resistance at the intraday high of $0.3795. After the bulls failed to invalidate the bearish hand in GLMR, the price fell to a 24-hour low of $0.3686 before regaining support. When writing, bears in Moonbeam were still dominant, driving the price down to $0.3686 (a drop of 1.09%). If this trend continues and the $0.3686 support level is broken, the following levels to monitor are $0.3558 and $0.3429, respectively. If the bears lose steam and the bulls regain control, the price may recover toward the resistance levels of $0.3825 and $0.3962. During the downturn, market capitalization and 24-hour trading volume fell by 0.88% and 13.52%, respectively, to $224,101,074 and $7,426,918. This drop shows traders’ pessimistic sentiment toward the market as they sell off their assets, resulting in a decline in market capitalization and trading volume. GLMR/USD 24-hour price cha...

Crypto exchange Binance has announced the opening of a blockchain hub in Georgia which will promote cryptocurrency adoption in the region. The move comes on the backdrop of a number of partnerships, initiatives, and events the company is involved in in the country. Digital Asset Exchange Binance Establishes ‘Web3 Outpost’ in Georgia Binance, the world’s largest crypto exchange by daily trading volume, has launched a new blockchain hub in Georgia, the small crypto-friendly nation in the South Caucasus. In an announcement on its website, the trading platform explained the motives behind the project: By establishing this Web3 outpost, we hope to attract top talent to the blockchain sector, facilitate educational initiatives related to digital finance, and further the development of Georgia’s crypto industry. The leading global exchange noted that it already employs 25 people on its Georgia team but hopes to add dozens more jobs in the coming months. Besides expanding its workforce in ...

Join Our Telegram channel to stay up to date on breaking news coverage The non-fungible token market has seen tremendous growth in recent weeks as most investors have begun realizing the true potential of NFTs and adding them to their investment portfolios. Below we have listed some of the top-selling NFTs this week: 1. Otherdeed Pumps 18% In Daily Trading Volume Otherdeed, an NFT collection from Yuga Labs’ metaverse gaming venture Otherside, ranks top of our ten top-selling NFT list this week. In the past 24 hours, the NFT collection has recorded a sales volume of 4,067 ETH. It has a market cap of $340 million and a floor price of $3,404. 2. Wrapped Cryptopunks NFTs Wrapped Cryptopunks is an NFT collection from digital assets incubation studio Larva Labs. In the past 24 hours, the NFT collection has amassed a sales volume of 4,047 ETH, ranking second in our top-selling NFT lists this week. It has a market cap of $98 million and a floor price of $125,315. 3. Nakamigos ...

Saudi Aramco recently signed an agreement with Chinese partners to work on an Oil refinery and petrochemical project. The refinery will be based in northeast China and it is expected to become fully operational in 2026. The refinery will be able to house around 300,000 barrels a day. This initiative is set to empower the nation’s growing demand for chemicals and fuel. Partner Panjin Xicheng Industrial Group reportedly revealed in a statement on WeChat that the project will cost about 83.7 billion yuan [$12.2 billion]. Saudi Arabia partners with China to build a Chinese Oil refinery for 83.7 billion yuan ($12.2 billion). pic.twitter.com/ZCT0WiEqu0 — Watcher.Guru (@WatcherGuru) March 29, 2023 Also Read: China’s Capital Reportedly Backs Hong Kong’s Vision as a Crypto Hub Construction to begin in Q2, 2023 According to an official statement, Huajin Aramco Petrochemical Company [HAPCO] will build the joint venture and control operations. In fact, it is expected to hit an ...

Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies. The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. In today’s episode, crypto analyst Pechman discusses the fundamentals of money, including how to calculate supply, the effects of savings deposits and money market funds, and how central banks can inflate without effectively “printing money.” Pechman explains why near-zero interest rates and reduced financial institution reserve requirements benefit risk assets, such as cryptocurrencies, so much. The video then compares the broad monetary supply change in the United States to Bitcoin’s (BTC) price — some impressive charts you should not miss. Following a brief recap, Pechman explains why governm...

The latest Stacks price Analysis reveals that the bears have a dominant hold over the STX market after a brief surge by the bulls. The STX/USD pair is trading at $0.9522 as of this writing and is trending downward, with a decrease of 2.57% in the past 24 hours. The selling pressure is likely to continue as the bears come back into play.  STX/USD daily price chart: CoinMarketCap The STX/USD pair has support present at the $0.9511 area, and a break below this level could push the prices towards lower levels of $0.9459, $0.9375, and even lower prices in the coming days. If buyers manage to hold the $0.9511 level, then there is a possibility of a recovery in prices, and STX/USD could rise toward the next resistance level of $1.03, which is likely to be the target for bulls in the near term. In the past 24 hours, the STX market has seen a decrease in both volume and liquidity. The total 24-hour trading volume for Stacks stands at $199 million, which is significantly lower by...

Crypto holders can get synthetic exposure to Forex pairs directly on-chain thanks to decentralized leveraged trading platforms. Cryptocurrency volatility attracts a lot of traders looking to convert price fluctuations into profitable deals. Nevertheless, many traders still prefer to speculate on the price of traditional assets, mainly foreign exchange (forex) pairs. The daily turnover of the global forex market hit $7.5 trillion in April last year, according to data provided by the Bank for International Settlements (BIS), making it by far the largest market out there. Thanks to leveraged trading platforms, crypto enthusiasts can get synthetic exposure to this vast market directly on-chain. Some of these decentralized venues enable users to trade a wide range of asset classes, including crypto, forex, stocks, bonds and commodities. While the price moves of most Forex pairs pale in comparison to the wild fluctuations of crypto assets, traders can benefit from the leverage feature to mu...

Greenpeace is still trying to change Bitcoin’s code, but people who use Bitcoin don’t take their activism seriously. Greepeace’s latest marketing stunt against the Bitcoin mining industry seems to have backfired, as people who support Bitcoin seem to like the art that came out of it. While this is going on, Bitcoiners continue to slam the group for trying to say that the network is bad for the environment and remain committed to its proof of work consensus mechanism. The Satoshi Skull In a tweet on Friday, Greenpeace repeated old claims that Bitcoin is causing “dangerously high levels of pollution in the real world” because its “outdated code” encourages people to use fossil fuels. NEW: #Bitcoin is causing MASSIVE amounts of pollution and has become a major roadblock in our fight to phase out fossil fuels. So we teamed up with @thevonwong to create this giant with laser eyes to help us raise awareness and spark cha...

Join Our Telegram channel to stay up to date on breaking news coverage For the past two weeks, there has been a tidal wave of buzz surrounding Fight Out. Numerous cryptocurrency aficionados have grown to love the project’s direction. The native token of Fight Out is FGHT. The presale is currently in its first phase. Although in its early stages, it has already produced more than $5 million with 6 days more for the pre-sale to end. This suggests that Fight Out will pump 30 times more quickly than initiatives like STEPN. Fight Out – A Holistic Fitness Mission But what makes the FGHT a groundbreaking success in the cryptocurrency market? The people are finding FGHT revolutionary as this recently created M2E cryptocurrency project is focused on fitness and health. Fight Out integrates cryptocurrencies with physical fitness and modern thinking that employs cell phones to give consumers an in-hand and fresh perspective. Users have access to the best workouts designed by ...

Crypto exchange Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. In over half of the cases, the AI platform produced the same results as the manual review, but it also failed to recognize some high-risk assets. Chatgpt Approves 5 High-Risk Tokens, Coinbase May Use It for Secondary Control Digital asset exchange Coinbase has tried the artificial intelligence (AI) chatbot developed by Openai to conduct automated token reviews. The U.S.-based trading platform said that while Chatgpt was not accurate enough to be immediately integrated into its asset review process, it showed enough potential to deserve further investigation. The experiment is part of Coinbase’s efforts to apply efficient and effective methods to review token contracts before deciding to list the assets. The exchange pointed out that its Blockchain Security team employs in-house automation tools developed to help security engineers in reviewing ERC20/72...

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been a rough two weeks for the U.S. economy after the fall of Silvergate Bank , Silicon Valley Bank , and Signature Bank . After these bank failures took place, the Federal Reserve announced the creation of the Bank Term Funding Program (BTFP) and announced that uninsured depositors of Signature Bank and Silicon Valley would be made whole. After the turmoil in the banking industry, some experts suspected the Fed would not raise the benchmark rate this month. On Wednesday at 2 p.m. Eastern Standard Time, the Federal Open Market Committee (FOMC) revealed that it would raise the rate by 25bps . “The committee seeks to achieve maximum employment and inflation at the rate of 2...

Over the past few months, Cathie Wood ’s ARK Invest kept adding Coinbase shares to its portfolio. In fact, during most local bottoms, the asset management company has bought COIN stock on consecutive days. However now, for the first time since July, Cathie Wood ’s company has sold its Coinbase holdings. According to data from Cathie’s ARK, around 160.887k COIN shares were sold by the Ark Fintech Innovation ETF [ARKF]. They were cumulatively worth around $13.5 million. Source: Cathie’s ARK Also Read: Binance, Coinbase, OKX Untethered by Silvergate Capital Shutdown Conversely, ARK’s most recent purchases were made on March 9-10. Via four transactions, thousands of shares were added to the ARKW and ARKK funds. Prior to that, six other separate “buy” transactions were made this month. Owing to the latest dump, ARK holds around 10.12 million COIN shares in its ARKK, ARKW, and ARKF funds. The firms’ aggregated purchase price currently hovers in the $239.60 to $254.65 range....