Fireblocks Expands Qualified Custody Ecosystem With Major Institutional Partners
Fireblocks Expands Qualified Custody Ecosystem With Major Institutional Partners
Fireblocks announced that its Fireblocks Trust Company, a New York Stateāchartered qualified custodian regulated by the New York Department of Financial Services, has expanded its institutional custody ecosystem to include partners such as Castle Island, FalconX, Bakkt and Galaxy. Launched following regulatory approval in 2024, the Trust offers segregated, bankāgrade custody built on Fireblocksā existing [ā¦]
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Coinbase Rolls Out Ethereum, Solana Staking To New York Users After Approval
Leading US-based cryptocurrency exchange Coinbase today announced that it has rolled out crypto staking services for New York residents after receiving regulatory approval. Notably, Coinbaseās New York-based users can now stake Ethereum (ETH) and Solana (SOL) on the exchange. Coinbaseās New York Users Can Now Stake Ethereum, Solana After years of regulatory back-and-forth, Coinbase has [ā¦]
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XRP Could Retest Triangle Support At $2.72, Analyst Warns
XRP has been declining over the past few days, making a retest of this Descending Triangleās lower boundary possible, according to an analyst. XRP Has Been Moving Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about where XRP may be heading next, based on a Descending Triangle. This technical analysis (TA) pattern forms when an assetās price witnesses consolidation between two converging trendlines. The main feature of the pattern is that its lower trendline is parallel to the time-axis. This level acts as a support boundary, while the upper level, which is slopped downward, provides resistance to the price. Thus, as the asset trades inside a Descending Triangle, its range shrinks to a downside. Related Reading: Bitcoin & Altcoin OI Forming Same Warning Setup As Dec 2024, Analyst Says A break out of either of the trendlines can imply a continuation of trend in that direction. This means that a surge above the triangle can be a bullish signal, while a decline under it a bearish one. Like the Descending Triangle, there is also the Ascending Triangle in TA, which works similarly, except for the fact that the orientation of the trendlines is flipped; the upper line is the one parallel to the time-axis instead. Now, here is the chart shared by the analyst that shows the Descending Triangle that the 1-day price of XRP has been stuck inside for the last few months: As displayed in the above graph, XRP made a retest of the Descending Triangleās upper trendline earlier in the month, but it was unable to break past the resistance. The coin has since been on the way down and has traveled roughly halfway through the distance between the trendlines. āIt looks like XRP is heading for a retest of the triangleās bottom at $2.72,ā notes Martinez. From the current exchange rate of the asset, a fall to this target would imply a loss of almost 7%. From the chart, another development related to the cryptocurrency is also visible: its price is slowly inching toward the apex of the triangle. Generally, breakouts become more likely to occur the closer the asset gets to the end of the channel. This is because the range gets progressively tighter over the course of a triangle. Related Reading: Bitcoin Plummets To $120,600: This Could Be The Next Support Thus, the next retest of either trendline could be interesting, as it may pave the way to a breakout. It only remains to be seen, though, which level XRP will retest next. XRP Price At the time of writing, XRP is floating around $0.292, down 3% over the last seven days. Featured image from Dall-E, charts from TradingView.com
Economist Peter Schiff Sounds Alarm: Goldās Surge Could Signal Economic Disaster
Economist Peter Schiff warns that goldās recent surge past $4,000 per ounce signals an impending U.S. debt crisis in 2026. Gold Hits New All-Time High Amid U.S. Shutdown Economist Peter Schiff has warned that goldās recent price actionāsurging past $4,000 per ounce on Oct. 8āmay signal that the United States is heading toward a major [ā¦]