Crypto Trading 101: An Introduction to Support and Resistance

Aoyon Ashraf is managing editor with more than a decade of experience in covering equity marketsCrypto conglomerate Digital Currency Group (DCG) said Chief Financial Officer Michael Kraines stepped down in April and revealed that it fully repaid a $350 million senior secured term loan during the first quarter.Kraines became CFO two years ago. DCG has…

news Investors in the “clink” token launched by Korean social media firm Cyworld earlier this year are up in arms over the firm’s abrupt closure. As reported in The Korea Times, Cyworld shut down on Oct. 1 without warning, leaving clink investors uncertain if their holdings continue to have any value. Adding to the mess, two…

news A U.S.-based blockchain startup working to “democratize the energy industry” has raised an undisclosed sum from oil multinational Shell and Japanese business giant Sumitomo Corporation Group. In an announcement published on Wednesday, LO3 Energy said it has developed a “transactive energy platform” to address the challenge of tracking energy from different sources across supply networks. “As we…

Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.Ledger Live allows users to buy crypto with fiat currency and deposit tokens directly to the hardware wallet. With the integration of PayPal, users will now be…

It's 2021 all over again as shares of video retailer GameStop (GME) soared Thursday after influential retail trader Keith Gill, better known under his RoaringKitty or DeepFuckingValue aliases, provided an update on his massive bet on the embattled stock.According to a screenshot posted on Reddit, Gill's stock and options position is now worth some $586

The U.S. is going slow on central bank digital currencies (CDBCs) considering the risks they may pose to the dollar’s dominance, the Fed Chair said Thursday.Jan 14, 2021 at 7:08 p.m. UTCJerome Powell on CBDCs: ‘We Don’t Feel a Need to Be First’Speaking at an online event hosted by Princeton University, the chairman of the…

Jul 14, 2020 at 19:00 UTCUpdated Jul 14, 2020 at 20:31 UTCWhy Are Execs of Bankrupt Companies Being Rewarded With Millions?It’s hard to tell people not to be angry with capitalism when the system is rewarding failure with millions of dollars in bankruptcy bonuses. For more episodes and free early access before our regular 3 p.m. Eastern…

Three prominent venture capitalist firms bought tokens directly from the DAO's treasury.Members of the Synthetix team(Synthetix)Feb 14, 2021 at 3:24 p.m. UTCCoinbase Ventures, Paradigm Invest $12M in Synthetix DeFi PlatformDecentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm and IOSG. The raise looks to be a rare occurrence of…

The SFC’s Eric Yip said the panel will include representatives from each licensed exchange. He expects the panel to develop a roadmap for crypto products and services. The Hong Kong Securities and Futures Commission (SFC) plans to create a consultative panel for licensed cryptocurrency exchanges in the city next year, said Eric Yip, the SFC’s