Monday, December 26, 2022

NDAX Market Report, Key Notes & Crypto Overview

DEC 19 - 25

Market Updates

  • Bitcoin price stayed flat going into the holidays
  • Coin Scientific Files for Bankruptcy
  • BC Suspends New Connections for BTC Miners
  • Brazil Signs Crypto Regulations Into Law

Crypto News

FUNDING:

  • Ethical crypto hackers win $52 million in bug bounties via Immunefi in 2022 – TheBlock
  • Hardware Wallet Startup Cypherock Raises $1M to Skip Seed Phrases – Decrypt

INDUSTRY:

  • E tu, BC? British Columbia Suspends New Connections for Bitcoin Miners – Decrypt
  • Bitcoin Miner Core Scientific Files for Bankruptcy, Expects Support From Some Debt Holders – Coindesk

LEGISLATIVE ENGAGEMENT:

  • Brazil’s President Signs Crypto Regulations Into Law – Coindesk
  • US election agency approves use of NFTs as campaign fundraising incentive – CoinTelegraph

BTC Technical Analysis

Despite extremely low holiday volume and the largest publicly-traded bitcoin miner (NASDAQ: CORZ) filing for Chapter 11, Bitcoin held virtually unchanged in price week over week.

  • Current resistance levels: $24,500 - $26,000
  • Current support levels: $22,000 - $21,000

Upcoming Events

  • Dec 30th - CME futures expiry

HOLIDAY REMINDER:

  • New Year's Day Withdrawal/Deposit Hours:
    • All Canadian dollar withdrawal and Wire/Bank draft deposit submissions received after Friday, December 30, 2022, at 4:00 PM EST will be processed on Tuesday, January 3, 2023, at 4:00 PM EST due to new year's day bank holiday hours. Interac e-Transfer services will continue to operate normally.  
  • Customer Support Hours: 
    • December 31, 2022: 10:00 AM to 10:00 PM EST
    • January 1, 2022: 12:00 PM to 12:00 AM EST
    • u/Kardanokid will also be available during and outside the above hours, just send a DM.NDAX Market Report, Key Notes & Crypto Overview

No comments:

Post a Comment