China’s Ant Group launches cross-border trade platform to support SMEs

Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25. Going by the moniker of Trusple, the platform is based around a concept of “Trust Made Simple”, and aims to streamline the process of cross-border trading. According to Guofei Jiang, President of Ant Group’s Advanced Technology Business Group: “Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading.” The claimed problems include a lack of trust leading to…

China’s BSN International integrates support for Tezos network

China’s government-backed blockchain project, the Blockchain Service Network, has announced the integration of the Tezos blockchain onto its international portal. According to an official announcement on Sept. 24, Tezos has been selected as the “one of the first batch of blockchains” to be integrated into the BSN International — a global platform providing access to public chain services on the BSN. Due to the integration, developers worldwide can now access the Tezos protocol using BSN’s global public city nodes and portals. According to the BSN, there are three global public city…

Uniswap’s UNI Token Could Rocket Past $6.00 as Bulls Defend Crucial Support

UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once it reached these highs and dipped down towards lows of $3.75. In the time since this rejection and selloff, bulls have stabilized its price around $5.00, with buyers not gaining further control over its near-term…

Yearn.finance (YFI) On “Life Alert” After Weak Attempt To Hold Support

Yearn.Finance (YFI) had such an abrupt rise to fame, now that momentum has changed, the plunge could be equally as dramatic. Thus far, any attempt to hold above support has been weak, says one crypto analyst. They also claim that YFI is currently on “life alert” and in danger of a much more drastic fall if the DeFi token cannot hold strong here. Yearn.Finance Falls Back To Support At Recent Local Low, Lingering On “Life Alert” The popularity in DeFi tokens like Yearn.Finance, LEND, UNI, and several others have been…

Ripple (XRP) Price Plunges to $0.22: Can Bulls Save This Key Support?

Ripple is down 5% and it broke the key $0.2300 support zone against the US Dollar. XRP price tested the next major support at $0.2200 and it is currently struggling to recover higher. Ripple remained in a bearish zone and broke the key $0.2300 support against the US dollar. The price is testing the $0.2200 support trading well below the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $0.2315 on the hourly chart of the XRP/USD pair (data source from Kraken). The…

Chainlink Reaches Critical Support as Analysts Forecast a Strong Rebound

Chainlink’s price action has been quite grim as of late, with it facing unusual inflows of selling pressure as investors begin jumping ship. The mass exodus of capital away from the cryptocurrency has caused its price to decline from highs of $20.00 that were set just a matter of weeks ago, to lows of $7.80 tapped earlier today. This is a significant decline and indicates that the previously bullish altcoin’s macro market structure is beginning to degrade. It is important to note that LINK has seen parabolic advances and drawbacks…

Uniswap’s UNI Token Reclaims Crucial Support as Analysts Eye a Macro Bottom

Uniswap’s token (UNI) has been bearing witness to immense volatility throughout the past few days, with its post-launch price action being surprisingly strong – considering that all users of the platform were airdropped a sizeable quantity of tokens. After rallying to highs of $8.50 in the days following its launch, the token has since witnessed massive inflows of selling pressure that brought its price down to lows of $3.75. Bulls have since stepped up and absorbed this selling pressure, pushing it back up towards the $5.00 region as they aim…

Bitcoin Could Soon Enter a “Nose Dive” as Gold Loses Key Support Level

Bitcoin has slipped below crucial support levels after peaking at $11,200 last week. The coin now trades at $10,400 as of this article’s writing, below supports in the $10,500-11,000 range that is so important for BTC. Bitcoin’s drop comes as the price of gold has dropped lower, towards $1,900, then under it. Both assets seem to be moving in tandem due to the strong force the U.S. dollar has on all markets. The U.S. dollar is up from the lows of a few weeks ago as fiscal stimulus has slowed.…

Chainlink Could Soon “Nuke” Lower if It Breaks Below Critical Support

Chainlink’s price has been sinking like a stone throughout the past few days and weeks, with buyers being unable to garner any sustainable bullish momentum as the cryptocurrency faces immense inflows of selling pressure. This has caused the crypto to dive down to a crucial support level that has proven to be historically significant. As such, how it reacts to this level in the days and weeks ahead could provide some serious insights into its near-term outlook, with a strong bounce here providing bulls with a serious boost. A break below…

Ethereum Tumbles To $330: Here’s A Crucial Support Turned Resistance

Ethereum is down over 8% and it broke many key supports near $355 against the US Dollar. ETH price is currently consolidating losses and it is likely to face hurdles near $355 or $362. Ethereum started a sharp decline from the $375 resistance and broke the $355 support. The price is finding bids above $330, but it is now well below the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $348 on the hourly chart of ETH/USD (data feed via Kraken). The pair…