WEEKLY CRYPTOCURRENCY NEWS

Flare Network Adds XLM

Flare Network, which previously held airdrops for XRP, announced that it will add the Stellar network to its ecosystem. Thus, XLM can be used in scalable smart contracts.

Google Finance Starts to List Cryptocurrency

Google Finance also added cryptocurrencies to finance.google.com. Thanks to the prices listed under the "Crypto" section, Google Finance users will now be able to reach the latest state of the cryptocurrency market with a single click.

Goldman Sachs Comments Bitcoin and Gold Rivalry

Banking giant Goldman Sachs analysts stated that Bitcoin and gold are not in competition, but that the two assets can grow and gain value together. Additionally, Goldman Sachs argued that the two entities had a different place in the portfolio.

Chainlink Announces New Collaboration

The Kava DeFi platform chose Chainlink as its official oracle solution. Thus, Chainlink oracles will power all DeFi products to be built on Kava. The main purpose is to move reliable decentralized finance products to the most successful and efficient place possible.

AVAX and Phantom Partnership Announced

The partnership between DeFi project Fantom and AVAX, which is the 49th largest cryptocurrency in market value, was a happy development for both parties. Thanks to the partnership, these two blockchains will be connected to multiple chains.

Mastercard Will Not Support Bitcoin in the Near Future

Mastercard announced in its February 10 statement that it would add cryptocurrencies to the payment network, but did not specify which cryptocurrencies they were. In its current statement, the company stated that they do not think of Bitcoin in the near term because its volatility is high and the transaction speed is very slow.

New Version of XRP Ledger Released

According to the statement made by Ripple developers, the new version of the XRP Ledger, which was created to improve and improve the system usage and increase the efficiency of the software in various server configurations; It plays a key role for the Ripple team and XRP users.

500 BTC Ransom Requested from Tether

Tether, the issuer of the USDT stablecoin, claims to have received 500 Bitcoins (worth about $ 23 million) ransom notes. In the announcement made on Twitter, it was reported that the investigation of this extortion attempt disclosed by Tether will continue.

Giant Mutual Fund Will Sell BTC and Receive DOT and ADA

Dubai-based cryptocurrency fund FD7 Ventures announced that it will buy Polkadot and Cardano by selling $ 750 million of Bitcoin under its auspices. The company, which has a net worth of over $ 1 billion, mostly Bitcoin, will make its sales within a month.

Miami Mayor Responds to Yellen

Miami Mayor Francis Suarez said he was not surprised by Treasury Secretary Yellen's recent statements. In addition, "What is attractive to people who invest in Bitcoin is that it is precisely that it is not supported by a central government. So it cannot be manipulated by the central government." made the explanations.

Asset Management Company Stone Ridge Establishes BTC Fund
Stone Ridge, a New York-based company with $ 13 billion in assets under its auspices, has applied to the US Securities Commission (SEC) to purchase Bitcoin.

Goldman Sachs Restarts Its Crypto Service

According to Reuteurs' exclusive report, Goldman Sachs will launch Bitcoin futures for its clients starting next week. In the work to be done, research on blockchain technology and CBDCs as well as Bitcoin trading will continue.

Citibank: BTC May Be the Preferred Currency for International Trade

Citibank analysts, who previously set a target of $ 318,000 for Bitcoin, stated that BTC is an important milestone in the current article they published on cryptocurrencies. According to the bank, Bitcoin is rapidly moving towards becoming a mainstream currency.

Luxury Car Brand Accepts Crypto Payments
Mazzanti, the Italian supercar manufacturer, has become the first automobile brand in the world to raise funds with cryptocurrencies and provide revenue share to its investors with STO. In addition, the company allows all versions of the model called Evantra to be paid in Bitcoin.

Ministry of Finance Made a Statement on Cryptocurrencies

T.R. Treasury and Finance Ministry a statement indicating that the cryptographic developments on issues related to Turkey's crypto followed the money and the situation in the money released. He stated that CBRT, BRSA, CMB and other relevant institutions are working on cryptocurrencies in cooperation.

Japanese Electronics Giant to Support Cryptocurreny

Rakuten, known as the Amazon of Japan; announced that customers can now use cryptocurrencies such as Bitcoin, Ethereum, and Bitcoin Cash. With the support of crypto assets, the payment service covers a wide range of products.

Ripple Will Offer NFT Support

Wietse Wind, founder of XRP Labs, announced the work to add NFT to its XRP Ledger. Witse Wind also emphasized that NFT transactions on the XRP Ledger will work differently than transactions on other blockchains such as Ethereum.

SEC Releases New Statement

The U.S. Securities and Exchange Commission (SEC) has released an eight-page document detailing the framework under which it will examine digital asset investments. According to the released document, the SEC has made it clear that digital assets will face similar levels of scrutiny as traditional securities.

Stablecoin Launched on Avalanche Platform

TrueUSD (TUSD) was launched to expand US dollar liquidity for applications and users in the Avalanche ecosystem. TrustToken plans to bring additional products to Avalanche built on TUSD and will play a role in DeFi applications on the platform.

Goldman Sachs Activates Bitcoin Trading Desk

It has been announced that Goldman Sachs, one of Wall Street's largest banks, will launch Bitcoin futures for its customers as of next week. It was stated that the company will begin customer transactions next week in Bitcoin futures and non-delivery forwards. Goldman was also noted to be conducting potential research for a Bitcoin ETF.

PayPal May Have Acquired Cryptocurrency Custody Company

Payment giant PayPal is said to be in the process of acquiring Curv, a technology firm that allows cryptocurrencies to be stored more securely. Paypal left the questions unanswered. An Israeli news outlet stated that a sales transaction of approximately $ 300 million was made.

Application for the First ETF in the USA

CBOE Global Markets applied to the SEC to launch the exchange traded fund it prepared for Bitcoin. Although the SEC has rejected all applications for ETF to date, the company stressed that a regulated ETF would be safer for the investor and that the Bitcoin market now has a very large audience.

SEC Presidential Candidate Gary Gensler Comments Bitcoin

The US Securities Commission awaits the approval of Gary Gensler as its presidential candidate. In his statements, Gensler argued that the cryptocurrency market should be free from fraud and manipulation. Bitcoin, on the other hand, dropped three percent after these statements.

Autonomous Region in North China to Stop BTC Miner Activities

Inner Mongolia, an autonomous region in northern China, plans to cease all cryptocurrency mining activities in the region by April 2021 as part of efforts to improve energy efficiency.

Grayscale's Litecoin Demand Smashes in February

While Litecoin miners have generated approximately 200,000 LTC in the last 28 days, Grayscale has purchased most of the Litecoins mined by purchasing 175,000 LTC in the last 30 days. On the other hand, the company's Litecoin trust stock contains $ 15.70 worth of cryptocurrency, while the stock is trading at $ 305 on the open market.

Cryptocurrency Bank in India Opens Another Branch

The world's first crypto-finance institution with physical branches has been operating in India in recent months. According to the institution's current statement, they will open a second branch in New Delhi, the capital of India.

Biden's Incentive Package Sent to the Senate

The US House of Representatives passed the $ 1.9 trillion COVID-19 aid package bill, and the law was submitted to the senate for voting.

MoneyGram Sued for Its Negative Statements About XRP

The giant payment company MoneyGram entered into a strategic partnership with Ripple in 2019. After the lawsuit between the SEC and Ripple, he quickly ended the partnership and made negative statements that the lawsuit process was uncertain for XRP. Now, a class action has been filed against MoneyGram on the grounds that these statements are misleading for investors.

SEC's New Management Staff Welcomed for XRP

Ripple recently stated in a statement with the SEC that it was unable to deal with the previous SEC administration. Gary Gensler, known as a cryptocurrency friend, will approve his candidacy as SEC chairman as of March 2. Ripple manager Brad Garlinghouse congratulated Gary Gensler on Twitter, saying they would be pleased to work with the new SEC administration.

New York Attorney General Warns Crypto Investors

In a new announcement, the New York Attorney General's Office warned cryptocurrency investors and stated that investments in cryptocurrencies carry a high risk.

Amazon Supports Ethereum

The cloud computing platform Amazon Web Services, another pillar of the giant technology company Amazon, announced that Ethereum is now available within the Amazon Managed Blockchain service. Users can now create Ethereum nodes on the platform and join the Ethereum network.

Mexico to Use Avalanche Blockchain

Mexico's Quintana Roo State Congress was the first national convention to use Avalanche technology for digital certification of legal documents operating through official correspondence and a file management system.

XLM Introduces New Update

The Stellar (XLM) team officially unveiled the Horizon 2.0 update. The new version of Stellar Core, called Captive Core, will be much more memory efficient. Additionally, users will be able to track actions on the network, send new transactions, and explore the blockchain.

USA Demands Reporting of Cryptocurrency Transactions

In the question and answer section made on the official website of the U.S. Tax Office, it is stated that cryptocurrency investors are not obliged to report digital assets if they invest in fiat money once a year, but if there is another transaction other than purchasing cryptocurrency once throughout the year, it should be reported and notified. were.

JPMorgan Holds a Survey for Institutional Investors

Most institutional investors do not plan to invest in Bitcoin, according to a JP Morgan survey of 3,400 institutional investors. However, 58% of the participants stated that they believe that cryptocurrencies will be permanent.

Cryptocurrencies One of SEC's Priorities

The U.S. Securities and Exchange Commission (SEC) has announced on its official site that financial issues, including cryptocurrencies, will be the priority issues this year. In addition, the SEC will check the security of client assets and funds, whether they are operating in accordance with the rule of digital asset companies.

Ripple Works for Central Banks

Ripple is publicly traded, providing Central Banks a secure, controlled and flexible solution for the issuance and management of digital currencies; It is testing a custom version of the open source XRP Ledger. The new version, developed according to the statements made by the company, will create a bridge between different currencies and assets such as XRP will be released.

Nigeria Vice President Defends Cryptocurrencies

After the ban against cryptocurrencies in Nigeria, the country's president made a statement. In the statement, it was stated that supporting Bitcoin and other cryptocurrencies would be for the benefit of the country.

Ripple Center to Stay in San Francisco

Ripple Co-Founder Chris Larsen stated that Ripple company's headquarters will remain in San Francisco. Larsen added that they are deeply connected to San Francisco and that the city will be the best hub for Ripple.

Crypto Payments Will Be Accepted for Used Vehicles

Quebec-based vehicle store HGreg, which has thirty branches in North America, announced that it will accept cryptocurrency payments for new and used vehicles starting this month.

Ripple Sends a Letter to the Court

After Brad Garlinghouse requested a dismissal of the case, Ripple co-founder Chris Larsen sent a letter to the New York court through his lawyers demanding a dismissal of the case, claiming that the SEC was unable to prove its illegal charges on XRP.

Ripple Demands Rejection of Litigation

Ripple (XRP) CEO Brad Garlinghouse announced on Twitter that he has requested the dismissal of the case against the SEC's amended complaints. In a 5-page denial petition, it was argued that SEC claims are invalid.

Presidency Digital Transformation Office Introduces Blockchain

Following the sharing of the Ministry of Treasury and Finance recently, T.C. The Presidential Digital Transformation Office made an informative post about Bitcoin and its technology on its official Twitter account and announced that it will create a blockchain glossary.

Brave Announces Producing Alternative Search Engine to Google

Brave browser, which has Basic Attention Token integrated, announced the acquisition of the open search engine Tailcat. The Brave browser, currently based on external search engines, offers users the opportunity to choose between privacy-oriented search engines. Tailcat, on the other hand, is built on a completely independent index and does not collect IP addresses or personal data to improve search results.

Colombia's Oldest Bank To Include Crypto Services

Banco de Bogotá, one of Colombia's largest banks, will pilot crypto services as part of a regulatory sandbox project.

Travala.com Starts Accepting Payment With Chainlink

Travala, the booking operator whose monthly revenue exceeded $ 1 million in February, added LINK to more than 40 crypto payment tools. The company will accept Chainlink in 90 thousand destinations.

North America's First Bitcoin ETF Surpasses $ 500 Million

North America's first approved BTC investment fund (ETF) holds more than 11,000 Bitcoins as of March 3. Operating in Canada, ETF saw a trading volume of more than $ 165 million on the first day. The ETF, which opened on February 19, increased by 88%.

WEEKLY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 345565.26 TRY

While the aid package is expected to pass from the Senate, on the other hand, the Bitcoin and S&P 500 correlation has risen to a five-month high. The effect of this sentence on cryptocurrencies is quite intense. Rising interest rates in the USA, rhetoric that the corporate tax will be increased and the increase in the UK put pressure on major indices and even altcoins are affected by Bitcoin dominance. BTC, trading at the $ 47,000 level this morning, seems to be with 2.5% sellers. Although it is not a problem with cryptocurrencies, this situation, which is suppressed by the global risk appetite, increases the uncertainty. Speaking yesterday evening, Fed Chairman Powell said that the calmness will be maintained for now for rising interest rates, that the Fed is far from its targets and will use all the tools at its disposal if necessary; The upward pressure in interest rates continued and caused the currencies to be negatively affected.

When we consider BTC / USD technically, the declining trend that occurred in the daily period, the bullish channel that was disrupted in the four-hour period and the TOBO that did not form, rejected the rise. For this reason, there is a technical weakness. Although incoming metric data says that big sellers are stopping, the volumes show us that new buyers are not entering. The double top outlook in the daily period is also preparing downside if the $ 44,000 level is broken. For this reason, it can be considered to put stop loss behind the 44 thousand zone. Currently, there is a response run at $ 46,500, which corresponds to the Fibo'23.6 slice. 48.800 is the resistance zone that corresponds to the Fibo'38.2 slice.

RESISTANCES 49.737 / 52.433 / 54.167
SUPPORTS 45.307 / 43.573 / 40.877

BITCOIN [BTC] 345565.26 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 23689.36 TRY

Ethereum is trading sideways and weak at $ 1470 this morning, keeping up with the weak movements of the general market direction. While the ETH-BTC splitter offers a more positive outlook for Ethereum, there is a general decline due to pressure from the stock and interest market. Goldman Sachs is also entering into cryptocurrency transactions, and 60% of its participants in the survey they have answered that they will increase their crypto assets in the coming period. Ethereum can also get a considerable share of this pie once it enters CME. On the other hand, ERC-20 network charges remain high, even though network charges are falling or not at the height to threaten the price of ETH at the moment.

When we consider the ETH / USD pair technically, the previous $ 1416 peak in the weekly period is currently our major support. Because if it goes under this region, it may turn into "dark cloud cover", which is a declining candle formation in the weekly period. In the four-hour period, TOBO did not occur and refused to cross the neckline, with no approval. The MACD is still on sale. The $ 1470 level is our Fibo'23.6 support, while $ 1416 is our major zone. It is useful to go with a prudent strategy. The outlook is weak and supportive.

RESISTANCES 1565 / 1660 / 1719
SUPPORTS 1410 / 1351 / 1256

ETHEREUM [ETH] 23689.36 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 314.41 TRY

The AVAX / USD pair is retracing 3.5% this morning and its current course is around $ 24.80. AVAX has been integrated into a new trading platform today, along with BTC and USD pairs. This development was welcomed positively for AVAX, whose partnerships gradually increased on the DeFi side. The platform allows AVAX to be staked and AVAX investors to profit from it.

The AVAX / USD pair remains horizontal between $ 22.00, the starting point of Fibonacci, and $ 31.00, which coincides with the Fibo' $ 23.60 level. The $ 31.00 level working as resistance pushed the pair to the current level of $ 24.80 as the hourly price candles gradually weakened in the last 3-day period. Initial support is at $ 22.00. Oscillators have begun to leave the negative zone. Stochastik,% R and RSI with the ends pointing up are thus giving a positive signal in the 4-hour period. For this reason, an upward reaction can be watched in the short term before reaching the support level. However, the view is quite horizontal.

RESISTANCES 26,7564 / 29,4900 / 31,1048
SUPPORTS 22,4080 / 20,7932 / 18,0596

AVALANCHE [AVAX] 314.41 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.63 TRY

The previous day, Ripple co-founder Brad Garlinghouse announced on Twitter that he had written a five-page denial of action to the SEC. Today, the lawyers of Chris Larsen, board member and co-founder, sent a letter to the New York court. In the letter, it was emphasized that the SEC's allegations were unfounded and could not prove their accusations. XRP saw a 6% price increase after the letter details were released. On the other hand, Ripple, which has recently announced its work on central banks, is trying to eliminate the negative impact of the litigation process by making strong breakthroughs. It is seen that XRP, which was not listed in many exchanges after the lawsuit, also increased its transfer volumes. Before moving on to the technical part, we should state that XRP has not technically reflected this, as well as the macro indicators gaining strength. However, we can say that the postponed valuations can spread to a more accelerated process. Still, it remains a key point for the potentially strong XRP project.

When the XRP / USD pair is technically analyzed, it is seen that the reaction from the $ 0.46 zone led the pair up by 6%, and then returned to the overall $ 0.46 old support zone. When the support zone specified during the day is followed, but when the chart is analyzed hourly, it is observed that the price movements here are unstable. On the other hand, as volume pulls itself down, momentum also peaks in CCI. For possible pullbacks, the $ 0.41 zone becomes the main support and reaction level.

RESISTANCES 0,4885 / 0,5187 / 0,5424
SUPPORTS 0,4346 / 0,4109 / 0,3807

RIPPLE [XRP] 8.63 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 966.97 TRY

LTC / USD parity appears on the last day of the week with prices in the region of $ 172. Litecoin has lost 5% on a daily basis, but Grayscale's purchase of Litecoin for the last month means demanding most of the Litecoin supply produced, and at the 24-hour exchange, 2500 LTC contracts were bought by Grayscale. However, it is inevitable that the negative developments on the Bitcoin side will also affect LTC prices, because Litecoin is one of the market leaders with the highest correlation with BTC. In the upcoming period, we can expect the intense interest on the Litecoin side to reflect positively on their valuations against the dollar.

When the LTC / USD parity is analyzed technically, it is seen that the pricing is above the $ 171 level in the Fibo'23.60 tranche. We can say that 23.60% of the Fibonacci retracement could work as strong support for LTC from where we can see upward reactions. On the other hand, when the Stochastik,% R and RSI indicators are analyzed, we can say that they are very close to the oversold zones and the reactions from here tend to be positive.

RESISTANCES 184,61 / 198,75 / 206,76
SUPPORTS 162,46 / 154,45 / 140,31

LITECOIN [LTC] 966.97 TRY +7.00 +0.03 VOL 21 LTC

Although LINK is experiencing a 4% retracement this morning, it has lost 10% in the 24-hour period, but remains in the 7% plus zone for weekly returns. On the other hand, with the increasing popularity and widespread use of cryptocurrencies and payment procedures, we see that LINK has also been integrated into many platforms. The previous day, a booking company that appeals to thousands of users and a platform that provides staking and interest income on cryptocurrencies, they started to support LINK as a payment and staking tool.

The LINK / USD pair broke down the $ 28.90 level, which is the main support zone, and accelerated the loss of the price here, by succumbing to the sell-off course. The correction experienced ended with the testing of $ 25.60, the middle band of the channel formed in the sagging regions, and a 5% response was recorded from here. Price candles above the $ 27.30 channel upper band may create a calm but positive course with the pair holding onto the bullish channel.

RESISTANCES 28,99 / 31,64 / 33,29
SUPPORTS 24,69 / 23,04 / 20,39

BASIC ATTENTION TOKEN [BAT] 5.42 TRY

Brave platform, which enables Basic Attention Token to be integrated and accumulated as it is used, announced a new partnership. The company stated that it will make improvements through another browser that it has purchased, and that it aims to offer a new browser that works at Google standards and is also privacy-focused. Although detailed information about the process is not yet available, upgrades on Brave will continue to be positive for BAT. It would not be wrong to say that Brave's increasing potential day by day also positively affects the general course on BAT.

When the BAT / USD parity is analyzed technically, it is seen that Basic Attention Token, which has retreated by 4% on a daily basis, is priced in the $ 0.66 region. The uptrend that started as of February 23 is preserved, even the reactions are in the direction of the trend and more accelerated for the last few days. The chart retraces a little after the strong rise that it previously gave its signals and is holding on to the Fibo'78.60 retracement zone. The current correction zone in the $ 0.66 zone could be the support zone for the chart. We can say that the flag is still continuing, although the $ 0.56 level, where the flag formation started, is the point where the minor uptrend has passed.

RESISTANCES 0,7399 / 0,8314 / 0,8849
SUPPORTS 0,5949 / 0,5414 / 0,4499

BASIC ATTENTION TOKEN [BAT] 5.42 TRY +7.00 +0.03 VOL 21 BAT

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