eToro lists CELO as it continues expanding its crypto offering

Israeli crypto exchange eToro has listed CELO as part of its ongoing commitment to expanding the number of digital assets it supports. The exchange announced this news yesterday, noting that it listed the coin because it simplifies settlements between mobile users across the globe. However, this coin will not be available for US users.

According to the announcement, CELO holders can vote on multiple initiatives, including making CELO a carbon-neutral blockchain. CELO’s listing comes after eToro listed SushiSwap (SUSHI), Quant (QNT/USD), Chiliz (CHZ/USD), and Axie Infinity (AXS/USD) on November 9. Like CELO, these tokens are not available for US-based eToro users.

With these additions, eToro now supports a total of 41 tokens. With the exception of the five above coins, the platform has listed Bitcoin (BTC/USD), Ethereum (ETH/USD), Bitcoin Cash (BCH/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Cardano (ADA/USD), and Tron (TRX/USD), among others.

As is the norm with the crypto market, CELO’s price jumped following eToro’s listing. Yesterday, the token opened trading at $5.03 (£3.77) and traded as high as $5.27 (£3.95) before closing at $5.16 (£3.87). At the time of writing, CELO is $5.10 (£3.82) after losing 2.41% over the past 24 hours.

CELO is currently the 77th-largest crypto by capitalization with a market cap of $1,870,947,879.00 (£1,402,827,364.93).

While the eToro platform currently supports 41 tokens, this number is set to reduce for US users as we head in 2022. The exchange announced that it would delist ADA and TRX for US users. In doing so, the exchange will bar users from opening new positions in the two coins. This change will take effect on December 26, according to eToro.

ADA and TRX staking will end on December 31, and stakers will not get staking rewards after the exchange pays the January 15, 2023 reward. However, eToro will allow ADA and TRX holders to keep their tokens on its platform. eToro stressed that these changes are only preventing US users from opening new positions, adding that it is not forcing anyone to exit their positions.

Explaining why it plans to delist ADA and TRX for US clients, eToro said the changes come after business considerations in the evolving regulatory environment. The news of delisting ADA came as a surprise to holders, considering Cardano has not had any regulatory problems in the US.

The post eToro lists CELO as it continues expanding its crypto offering appeared first on Invezz.

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Litecoin, Bitcoin Cash, Ethereum Classic price analysis roundup

The cryptocurrency market continues to be under pressure, Bitcoin went below $57000 for a moment this Thursday, and the risk of further decline is still not over.

This situation also negatively influences Litecoin LTC/USD, Bitcoin Cash BCH/USD, and Ethereum Classic ETC/USD, and traders should be very careful when opening their positions.

It is important to say that the entire crypto market capitalization rallied to a record $3 trillion last week and now has shed over $500 billion since Sunday.

This comes as the markets faced a huge sell-side pressure emanating from China’s continued crackdown on the crypto market. Edward Moya, a Senior Market Analyst at Oanda, added:

Effects of China’s recent actions on the market are being felt after the National Development and Reform Commission (NDRC) announced a new wave of crackdown on the crypto industry in the country this week. Yesterday, the government shut down ChainNews, Odaily, Block123, and has threatened to raise electricity tariffs of any organization or company found mining crypto.

From its peak of $69,000, Bitcoin is currently down more than 15%, and the upcoming days may bring more pain for the cryptocurrency market.

The prices of these three cryptocurrencies can weaken even more if the negative trend continues, and traders should consider that if Bitcoin falls below the $55000 support, it would add further pressure to the whole cryptocurrency market.

Litecoin has weakened from $302 to $199 in less than two weeks, and the current price stands at $207.

If the price breaks the support level at $200 again, it would be a very strong “sell” signal, and the next target could be around $180.

Litecoin remains in a bear market, and traders should use “stop-loss” and “take profit” orders when opening their positions because the risk is currently high.

If the price falls below strong support that stands at $500, it would be a strong “sell” signal, and the next target could be around $455.

The risk of further declines is probably not over, but if the price jumps above $600, we have the open way to $650.

Ethereum Classic has weakened from $65 below $47 since 09th November, and the current price stands at $48.

The strong support level for Ethereum Classic stands at $40, and if the price falls below it, the next price target could be around $35 or even below.

On the other side, if the price jumps above $55, it would be a strong “buy” signal, and we have the open way to the $60 resistance level.

Since Sunday, the entire crypto market capitalization has shed over $500 billion as the markets faced a huge sell-side pressure emanating from China’s continued crackdown on the crypto market. This situation also negatively influences the price of Litecoin, Bitcoin Cash, and Ethereum Classic.

The post Litecoin, Bitcoin Cash, Ethereum Classic price analysis roundup appeared first on Invezz.

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BTC.com Wallet offers Replay Protection and BCHA Extraction Tool

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BTC.com wallet Announcement regarding the upcoming BCH Hard Fork

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