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A veteran trader known for timely crypto calls says he’s bullish on one Solana (SOL) rival now that it’s showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he’s “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.40 level. “It’s the weekend so just like trading volumes my posting volumes will be lower, but take a look at SEI – I simply must be default bullish biased on things like this. Summer range broken, retesting, I will just add until proven otherwise. The invalidation is close and this is a key inflection point.” Source: The Stable/Telegram Since the trader’s post, SEI has poked above the $0.50 before correcting. At time of writing, SEI is worth $0.469, up over 4% in the past day. While the altcoin market has been performing well with most crypto assets up in the last ...

Join Our Telegram channel to stay up to date on breaking news coverage The bitcoin price has moved above its $21k resistance after the arrival of the US Jobs Report revealed better-than-anticipated statistics. Labor participation has gone through only a little change, and the unemployment rate is marginally above what economists previously predicted. Add to that, the number of new jobs generated in October is also above what many thought it would be.  The anticipation led to a positive impact on the bitcoin price action. It has moved past its psychological resistance of $21k and is still holding strong at its psychological support of $20k. But will it hold up? Bitcoin Price Prediction: How Long Can it Remain Above $12k The crypto market is currently erratically volatile, and investors were pinning their hopes for Bitcoin rallies on the FOMC minutes and the recent release of the US Jobs Report . And thanks to somewhat positive news, Bitcoin’s price has surged above ...

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects (NAPP), the authority regulating the crypto space in the Central Asian nation, has removed restrictions imposed on Bestchange.ru, a popular exchange aggregator in Russia and the former Soviet space. The development was announced by the Digital Rights Center (DRC) law firm whose legal experts have been representing the crypto platform. The DRC is specializing in providing legal assistance to internet users and businesses and was able to secure the unblocking of Bestchange.ru in Russia. The NAPP, which is subordinated to the presidential administration in Tashkent, began restricting foreign-based cryp...

Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings by Acquiring Apex Crypto On Nov. 3, 2022, Bakkt announced that the company has purchased a “turnkey” crypto-trading platform called Apex Crypto, a platform that offers trading solutions, custody, and more for a myriad of crypto assets . Bakkt acquired the firm from Apex Fintech Solutions (AFS) and Bakkt says it intends to continue its commercial relationship with AFS. The company believes that Apex Crypto will further enhance Bakkt’s crypto offerings . “We found a unique asset in Apex Crypto, which will expand our crypto client base, provide us with faste...

The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.” Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen, Circle’s EU policy head, made it clear that with the EU now bringing regulatory clarity to the stablecoin market , a “move from speculation to utility” can finally happen for crypto. He added that the with the euro being the second-most used currency worldwide, the incentives for users to adopt euro stablecoins will now only grow, and said we now have “a regulated path for stablecoins in Europe.” The comment was shared on Twitter by Teana Baker-Taylor, Vice President of Policy & Regulatory Strategy at Circle: Circle launched its euro stablecoin, Euro Coin (EUROC) as an Ethereum-based ERC-20 token in already in June, and is now well-po...

The Rugby League World Cup 2021 is held in the UK between 15 October and 19 November 2022. It is an honor for CoinEx to be a sponsor of the prestigious RLWC event and to have the opportunity to inspire rugby fans to begin their cryptocurrency trading journeys. CoinEx & RLWC Exclusive Collaboration By sponsoring the Rugby League World Cup 2021 (RLWC 2021), CoinEx has become the exclusive cryptocurrency trading platform partner of the RLWC , demonstrating its willingness to engage and establish relationships with industries other than crypto. As the exchange strives to accomplish its vision, it also respects and supports the dedication, work and passion of players from non-crypto communities. Why CoinEx chose to sponsor RLWC? The brand concept of CoinEx is to break down the financial shackles that hold back the common man and to provide a platform that everyone can use. Additionally, CoinEx’s brand philosophy adheres to the principles of sportsmanship advocated by the RLWC....

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for Data Centers Amid Increasing Consumption in Mining The European Union plans to introduce a label for energy efficiency in efforts to counter the growing electricity consumption in data centers such as those mining cryptocurrencies. According to Bloomberg, the EU will also urge member states to target crypto miners’ energy usage as it seeks to navigate the winter with far less Russian gas and other energy than before the sanctions imposed over the war in Ukraine. Quoting a draft proposal, the report revealed that the EU’s executive arm wants to work with international partners to adopt a grading measure that will encourage more environment...

Disclaimer : The Industry Talk section Features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Peer-to-peer (P2P) exchanges enable traders to swap cryptocurrencies without needing to go through a third party.  Instead, traders can buy cryptocurrencies directly from the seller using their preferred payment method. The transaction is usually protected by an escrow service, which ensures that neither the buyer nor seller is scammed.  In this comparison guide, we review the best P2P crypto exchange platforms in the market.  The Top 8 P2P Crypto Exchanges Ranked In terms of supported markets, pricing, user-friendliness, and other important metrics - the best P2P crypto exchange platforms can be found on the list below: OKX - Overall Best P2P Crypto Exchange  Binance - Peer-to-Peer Ecosystem With 300+Payment Methods  Uniswap - Leading Decentralized Exchange for Ethereum-Based Tokens  Pa...