Monero (XMR) price exploded 100% in a month. These are levels to watch for

Monero (XMR) price exploded 100% in a month. These are levels to watch for
фото показано с : invezz.com

2021-2-18 22:26

Monero (XMR) price has soared over 100% since the last week to trade above the $250 mark for the first time since May 2018.

Fundamental analysis: Deutsche Bank to build a crypto custody services platform

The mass crypto adoption is nearing close as more and more institutional investors are looking to gain crypto exposure. Deutsche Bank is the latest major bank that is planning to offer personalized cryptocurrency custody services to hedge funds that buy digital assets. 

The bank’s prototype seeks to build “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to a report by the World Economic Forum.

Deutsche Bank said it is looking to build a trading and token issuance platform in a bid to connect cryptocurrencies with traditional banking services and enable the managing of crypto assets and fiat currencies in a single user-friendly platform. 

A number of the world’s largest banks have announced similar plans, with the bank of New York Mellon announcing its own plan earlier this week. Deutsche Bank said it is looking to “ensure the safety and accessibility of assets for clients by offering an institutional-grade hot/cold storage solution with insurance-grade protection.”

According to the report, the bank plans to roll out the platform in stages, but ultimately, it would allow clients to buy and sell crypto assets via a partnership with prime brokers, issuers, and vetted exchanges.

Deutsche also said the platform will offer value-added features including taxation, valuation services, and fund management, as well as lending, staking and voting, “and provide an open-banking platform to allow onboarding of third-party providers.” 

The platform will aim to attract asset managers, wealth managers, family offices, large businesses, and digital funds, according to Deutsche. 

Technical analysis: A huge move higher

Monero price has doubled in value in less than a month. The price action followed Bitcoin in pushing higher to rise over the $250 handle for the first time in nearly three years.

Monero weekly chart (TradingView)

At the moment, XMR price is testing 50% retracement of the 2017 – 2020 move lower that saw Monero lose 95% of its value. A break above $260 would pave the way for a push towards the next key resistance that sits just above the $300 mark. Looking lower, $190 offers support in case a pullback takes place. 

Summary

Germany’s Deutsche Bank said it plans to create an all-in-one platform that will offer personalized cryptocurrency custody services to hedge funds. In the meantime, Monero buyers have pushed the price action significantly higher in the past few weeks.

The post Monero (XMR) price exploded 100% in a month. These are levels to watch for appeared first on Invezz.

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crypto monero 100 price xmr mass adoption

crypto monero → Результатов: 126


Tron может стать монетой конфиденциальности, как Monero

Похоже, что создатель проекта Tron, собирается сделать токены своего проекта конфиденциальными и присоединиться к криптовалютам Monero, Verge и Zcash. Именно такое заявление сделал Джастин Сан во время интервью Bad Crypto Podcast, отметив, что технология Tron рассчитана на прогресс в плане принятия и развития, поэтому реализация доказательства zk-SNARKS вполне реальна.

2018-12-6 17:42


Ledger Nano S теперь совместим с приложением Monero GUI версии 0.13.

Французская компания Ledger, занимающаяся производством аппаратных кошельков для хранения криптовалют, сегодня сообщила о том, что её устройства модели Nano S теперь совместимы с Monero GUI 0. 13.

2018-11-29 19:22


Ledger интегрировал приложение для работы с Monero

Разработчики криптовалютного аппаратного кошелька Ledger сообщили, что теперь их устройства модели Nano S совместимы с приложением Monero GUI версии 0. 13. We are thrilled to welcome another top crypto asset to the Ledger platform with @monero .

2018-11-29 17:57


BitValve ICO

In BitValve, we will create the most advanced P2P Exchange platform, direct competitor of Localbitcoins and Paxful, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential.

2018-11-26 14:22


Monero Community Praises Bitcoin’s Brainpower Strength and Sees Adoption as Strong 10 Years In

Amid a bear market that is affecting the whole cryptocurrency market, Riccardo Spagni, Monero’s leader and developer, showed that he is very positive about Bitcoin (BTC) and its future. During a conversation on the Magical Crypto Friends show, he said that there is an increased criticism being made to the Bitcoin community. At the same […]

2018-11-19 18:32


Обзор игр с использованием криптовалют

С развитием и популяризацией криптовалют и блокчейна эти темы стали активно использоваться в различных играх. В некоторых, например в мобильных «Симпсонах» и «Футураме», о биткоине можно встретить реплики персонажей, а в других - криптовалюта является неотъемлемой частью игры.

2018-11-18 12:46


Coinmine releases plug-and-play device for mining Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC)

Coinmine company is building a plug-and-play mining device, Coinmine One, enabling anyone to mine a host of cryptocurrencies from the comfort of their homes and or offices, The Block reported. The device “provides a new level of accessibility into an otherwise confusing activity, and makes crypto easy for everyone,” according to CoinMine. Coinmine has built […]

2018-11-15 17:19


Фото:

Researcher behind Monero’s crypto system awarded prestigious prize

An Australian researcher has received a prestigious award from the nation’s top computer society, specifically for his pioneering contributions to anonymizing cryptocurrency transactions. Associate Professor Joseph Liu of Monash University has been named the Australian Computer Society’s (ACS) researcher of the year at its annual disruptor awards last week.

2018-11-8 16:29


The Number Of Cryptocurrencies Keeps Rising With The Crypto Market Recording Over 2,000 Coins At The Moment

Since the evolution of financial technology from fiat currency to a more transparent, flexible and lightning-fast cryptocurrency, tons of digital tokens have imploded the cryptocurrency space. From the leading and major virtual coins like Bitcoin (BTC) to Ethereum (ETH) to Litecoin (LTC) and even Stellar (XLM) which are non-privacy coins to privacy coins like Monero […] The post The Number Of Cryptocurrencies Keeps Rising With The Crypto Market Recording Over 2,000 Coins At The Moment appeared first on ZyCrypto.

2018-10-26 23:04