The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

TA: Ethereum Could See “Liftoff” if It’s Able to Hold One Crucial Level

Ethereum started a steady increase above $3,250 and $3,300 against the US Dollar. ETH price is now struggling to gain strength above $3,400 and $3,450. Ethereum started a downside correction after it faced sellers near the $3,500 zone. The price is now trading above $3,200 and the 100 hourly simple moving average. There was a break above a declining channel with resistance near $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,275 support. Ethereum

Ethereum May Crash to $300 Support as Selling Pressure Grows Heavy

Ethereum is currently oscillating between highs of $345 and lows of $336 as its bulls and bears reach an impasse The cryptocurrency has been unable to see any relief following the massive influx of selling pressure that stopped it from seeing any further gains It is still trading well above its multi-week lows of $320, but growing weakness is putting its current stability in jeopardy One analyst explained in a recent tweet that he expects ETH to plunge towards $300 before it finds meaningful support The dip to these lows

Binance launches LINK, ADA Coin-margined contracts with eye on BitMEX

Binance may have entered the derivatives space late, but within no time, it has established its place in the market and among users. The reason behind its success was the variety of altcoins offered by the exchange along with the major coins. 2020, has been the year of DeFi and Binance realized this and added DeFi tokens to enable interested users to trade on its platform. Just the previous month, Binance Futures launched a new line of products called the perpetual futures COIN-margin and as per their announcement on Friday,