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Crypto asset B2B service Zero Hash raises $105M in Series D funding

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Crypto asset B2B service Zero Hash raises $105M in Series D funding

With the Series D, Zero Hash has raised $165M to date, this Series D fundraise follows the company’s Series C three months ago in September 2021…

Crypto asset B2B service Zero Hash Raises $105M Series D funding

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Zero Hash, a FinCen-registered MSB providing bitcoin liquidity, today announced the close of its Series C funding round. It was led by tastytrade, a Chicago-based holding company that owns major broker-dealers including tastyworks and Dough, as…

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Zero Hash, a crypto services firm and a subsidiary of Seed CX, today announced it has connected to the Silvergate Exchange Network (SEN), with clients already using the service. SEN, an application programming interface…

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Zero Hash, a digital asset and fiat currency settlement subsidiary company of institutional bitcoin exchange company Seed CX, today announced that digital asset trading platform Artificial Intelligence Exchange (AiX), has agreed to use Zero…

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Bitcoin (BTC) RSI and MACD Generate Bullish Divergences Near $40,000 Support

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Bitcoin (BTC) RSI and MACD Generate Bullish Divergences Near $40,000 Support

Bitcoin (BTC) indicators are showing several short-term bullish signals above a strong support level, making a breakout above resistance a likely scenario.

Since Jan 8, BTC has been trading slightly above the $41,500 mark. Despite slipping to a local low of $39,650 on Jan 10, it bounced immediately and created a very long lower wick. This shows a great deal of buying pressure at this level.

More importantly, both the RSI and MACD have generated significant bullish divergences (green lines). These divergences normally present before significant upward movements. 

If an upward move transpires, it’s likely to be met by resistance around $50,930. This target is both the 0.382 Fib retracement resistance level and part of a horizontal resistance area.

Short-term BTC movement

The six-hour chart shows that BTC has broken out from a descending resistance line and validated it as support after (green icon). 

After a brief rebound, BTC created a slightly lower low on Jan 19. This served to validate the $41,200 area as minor support. 

BTC is also following another descending resistance line (dashed) in the shorter term. A breakout above it would likely take the price to $45,850. This target is the minor 0.5 Fib retracement resistance level and a horizontal resistance area.

Finally, the two-hour chart shows that BTC is potentially trading inside a descending wedge, which is considered a bullish pattern. Currently, it’s approaching the end of this pattern which has been in place since Jan 13. 

Similar to the daily time frame, the RSI has generated a considerable bullish divergence, supporting the possibility of a breakout.

So, when taking into account the ample support just below the price and numerous bullish divergences, an eventual breakout seems like the most likely scenario. 

This is also in line with the short-term wave count.

For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Cryptocurrency

BitMEX EARN adds support for bitcoin (BTC) with up to 6% APR

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BitMEX EARN adds support for bitcoin (BTC) with up to 6% APR

BitMEX, a crypto derivatives exchange and platform, today announced adding bitcoin to its EARN service. Now, users will be able to earn up to a 6% annual percentage rate (APR) on bitcoin (BitMEX-XBT).

For those who subscribe to EARN before February 1st, 2022, there is the option to choose between two bitcoin-based EARN products:

1) 4% APR bitcoin product

Matures on March 25th, 2022, and is capped at 0.1 XBT per user. The minimum deposit is 0.001 XBT.

2) 6% APR bitcoin product

Matures on March 25th,  2022, and is capped at 25 XBT per user. The minimum deposit is 1 XBT.

Active BitMEX traders who subscribe to this product will get the chance to enjoy even higher returns:

  • Users who trade USDT-margined products and maintain an average daily volume (ADV) of at least 500,000 USDT over the subscription period until maturity will earn an extra 2% above the base 6% APR.
  • Users who trade USDT-margined products and maintain an ADV of at least one million USDT over the subscription period until maturity will earn an extra 4% APR above the base 6% APR.

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Cryptocurrency

EMURGO to develop new dApp tool stack for Cardano blockchain

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EMURGO to develop new dApp tool stack for Cardano blockchain

EMURGO to develop new dApp tool stack for Cardano blockchain

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