Kraken is Fined $1.25 Million | BitPay x Verifone to Provide Crypto Payments
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Crypto News: 29th September 2021
BitPay and Verifone have teamed together to offer cryptocurrency payments.
Kraken is fined $1.25 million for making illegal offerings.
The first Swiss digital asset custody licence was obtained by SEBA Bank
Switzerland's first bitcoin fund has been approved.
Senators in the United States have introduced legislation to track foreign cryptocurrency mining.
Miner Refunds The Massive Sum Of 7,626 Ethereum Sent By Bitfinex Erroneously
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Technical Analysis
The price is consolidating in an ascending triangle and currently rejecting from the mid and EMA 55 resistance zone. So if it continues to reject from here we will see a drop to the ascending trendline support, if it breaks down we will see a further drop in the price of ETH. While breakout from the mid resistance will lead price to strong support region while breaking out the strong resistance will turn into strong support and we will see a very good bullish trend in the market after that.
So we have to wait for further price action which will confirm the next move of ETH.
It has made an inverses head and shoulder pattern and we have seen a good upward move from the support of the right shoulder. Currently, it is very important for bake to break marked resistance for an upward trend.
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