Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520. Ethereum started a steady increase above the $2,420 and $2,450 resistance levels. The price is trading above $2,440 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD (data feed via Kraken). The pair must gain bullish momentum above the $2,520 and $2,550 resistance levels. Ethereum Price Regains Traction Ethereum price formed a base above the $2,350 level and started a fresh increase. ETH cleared the $2,420 and $2,450 resistance levels to move into a positive zone, beating Bitcoin. The bulls even pushed the price above the $2,500 level. A high was formed at $2,518 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward move from the $2,436 swing low to the $2,518 high. Ethereum price is now trading above $2,450 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,520 level. The first major resistance is near the $2,550 level. A clear move above the $2,550 resistance might send the price toward the $2,580 resistance. An upside break above the $2,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone in the near term. The next hurdle sits near the $2,650 level or $2,720. Another Pullback In ETH? If Ethereum fails to clear the $2,520 resistance, it could start another decline. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,455 zone and the trend line or the 76.4% Fib retracement level of the upward move from the $2,436 swing low to the $2,518 high. A clear move below the $2,435 support might push the price toward $2,420. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,455 Major Resistance Level – $2,520
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India Blockchain Month 2024 Kicks Off Yesterday with 50+ Events Across 15 Cities
New Delhi, Delhi – 03/12/2024 — India Blockchain Month (INBM) 2024, the most extensive celebration of blockchain technology in India’s history, is underway! The INBM Delhi Conference, held yesterday at The Ashok Hotel, marked the beginning of this month-long event spanning 15 cities across India. INBM features over 50 events designed to empower individuals, businesses, and communities to harness the transformative power of blockchain. The INBM Delhi Conference kicked off with a dynamic panel discussion on “India’s Web3 Landscape – Opportunities and Challenges.” Moderated by Captain Ajay Ahlawat, COO of BlockOn Ventures, the panel featured insights from Ashwin Nandapurkar (EX-Fusion Inc.), Samarth Bhardwaj (Nextus Exchange), Thiruvengadam Pillai (Peerhive), Alekh Johari (Anemoi Solution), and Vedang Vatsa (Hashtag Web3). The discussion explored key trends, opportunities, and challenges facing the Indian blockchain ecosystem. In Picture, panel discussion on “India’s Web3 Landscape – Opportunities and Challenges.” Moderated by Captain Ajay Ahlawat, COO of BlockOn Ventures, the panel featured insights from Ashwin Nandapurkar (EX-Fusion Inc.), Samarth Bhardwaj (Nextus Exchange), Thiruvengadam Pillai (Peerhive), Alekh Johari (Anemoi Solution), and Vedang Vatsa (Hashtag Web3) Following the panel, Petr Liberland, President of Liberland, delivered an enriching keynote address on “Building a Country for the 21st Century,” sharing his vision for a nation built on blockchain principles. In Picture, Petr Liberland, President of Liberland, delivered an enriching keynote address on “Building a Country for the 21st Century” The afternoon session featured an insightful fireside chat on “Crypto Regulations and India” with Varun Sethi, Blockchain India Lawyer, and Avinash, CEO of Pi42, a leading derivatives platform in India. The discussion provided valuable perspectives on the evolving regulatory landscape and its impact on the Indian crypto industry. In Picture, fireside chat on “Crypto Regulations and India” with Varun Sethi, Blockchain India Lawyer, and Avinash, CEO of Pi42 INBM 2024 builds on the success of the previous India Blockchain Week events held in 2022 and 2023. These events, hosted by BlockOn, featured industry leaders like Vijay Shekhar Sharma (Paytm CEO), Manoj Tiwari (Member of Parliament), and Subhash Chandra Garg (former Finance Secretary), whose insights and expertise paved the way for INBM’s expansion. INBM 2024 is the world’s first blockchain month, a testament to India’s growing prominence in the global Web3 landscape. The event will bring blockchain education and innovation to all corners of India with a diverse range of conferences, hackathons, workshops, and networking sessions. INBM is collaborating with over 20 organizations across India to foster community building and local engagement. BlockOn has been curating exclusive Web3 experiences since 2017, hosting over 140 events with 65,000+ attendees and 2,300+ speakers. BlockOn’s initiatives include GLOBLA, Web3Preneur, Women.Web3Preneur, IOV2055, and Sanctuary. To date, BlockOn has partnered with over 200 organizations and collaborated with over 150 media partners, solidifying its position as a leader in the Web3 space. Key Sponsors and Partners INBM 2024 is supported by leading organizations in the blockchain space, including NuChain, Nextus, Ledger, and Pi42. Featured Events Across India INBM 2024 will host a diverse range of events across India. The Women.Web3Preneur – Delhi Edition and INBM Delhi Conference successfully concluded yesterday. Bangalore will host a series of events, including the Ledger 10-Year Anniversary Tour, The Bitcoin Breakout Party, Web3Preneur, I RWA, IOV2055 Symposium, and Women.Web3Preneur – Bengaluru Edition, as well as an I Hackathon. Goa will host a Web3Preneur event and I RWA. Kolkata and Mumbai will also have their own Web3Preneur events. Chandigarh will round out the Web3Preneur series. The I Hackathon series will make stops in Indore, Chennai, Bhubaneswar, and Pune. The INBM journey has just begun! With events planned throughout December, including flagship conferences in Delhi and Bangalore, the blockchain revolution is sweeping across 15 cities in India. Don’t miss your chance to be a part of this historic movement. Register now and shape the future of Web3 in India! Contact for sponsorship/partnership: Avni — Head of Events, BlockOn Avni@blockonventures.com +91 91 671 026 02 About BlockOn Blockon Ventures, is a pioneer in the blockchain and crypto events space since 2017 with a proven track record of organizing successful events such as India Blockchain Week, Malaysia Blockchain Week, and Thailand Blockchain Week. As a leading force in Asia’s dynamic Web3 landscape, Blockon Ventures has orchestrated over 125+ events in 10+ countries, bringing together a community of 70,000+ attendees, 2,500+ influential speakers, and backed by 700+ supportive sponsors and 125+ leading media outlets including Forbes, Entrepreneur, CNN, and Bloomberg. About Nuchain NuChain offers best-in-class Blockchain technology for Public and Private Enterprises including Governments and Corporations. We offer a developer-friendly, plug-and-play platform that enables Industry and the Governing bodies full exploitation of Blockchain’s enormous potential. About Web3Preneur Web3preneur, a BlockOn initiative, is redefining networking within the Web3 space. Born as a series of premium side-events alongside major conferences like Token2049 Singapore, ETH Dubai, and more, Web3preneur is known for its unique “stage-less, speaker-less, no-frills” format. This approach encourages meaningful conversations and genuine connections among a curated group of 100 industry leaders, investors, and entrepreneurs. Through our series of curated events, we bring together the brightest minds and most innovative projects in the decentralized world NewsBTC
Smile Shop Joins Conflux PayFi Ecosystem with BitUnion Prepaid Card
New York, United States, December 3rd, 2024, Chainwire Smile Shop , the premier Asian e-commerce platform, has partnered with Conflux Network , China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions. The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework . UnionPay International, the world’s second-largest card payment processor, ensures seamless financial transactions. Users can load funds onto the card to make online purchases, use it at point-of-sale machines, or withdraw cash from UnionPay ATMs across 183 countries. The card can also be linked with popular third-party payment platforms like Alipay and WeChat Pay. Whether offline or online, transactions are settled at real-time exchange rates between local currencies and USD. The account approval process is quick, and management fees are waived during the initial launch period. As a key product in Conflux’s PayFi ecosystem, the prepaid card incorporates experienced security authentication systems from traditional finance. User data is managed by professional institutions, ensuring security and compliance. Fiat assets are held within the UnionPay account system, guaranteeing absolute security and reliability. The BitUnion prepaid card has obtained the highest-level financial security certifications, including 3DS and PCI-DSS, comprehensively protecting cardholders’ payment security. The prepaid card will support digital asset transactions and transfers within the Conflux Network, leveraging the blockchain-based PayFi system to overcome limitations in traditional payment infrastructure. Introducing traditional financial models (from credit cards to invoice financing and reverse factoring) into blockchain creates a more integrated value network. Conflux’s PayFi (Pay Finance) addresses inefficiencies in traditional payment systems while keeping financial operations aligned with real-time data, creating a large-scale model for blockchain consumer application ecosystems. As a high-performance Layer1 blockchain, Conflux has been at the forefront of technological advancements, particularly in the development of Stablecoins. They are now expanding their focus to encompass a comprehensive Payments infrastructure and cultivate the PayFi ecosystem. Aiming to become the blockchain of choice for consumer-grade Payments in the future, Conflux Foundation has committed 500 million CFX from the ecosystem fund to fuel the growth of PayFi stack components. About Smile Shop Smile Shop is a super e-commerce platform under Smile Shop Holdings Pte (Singapore), targeting Southeast Asian markets with the vision of becoming Southeast Asia’s most trusted fintech super e-commerce platform. About Conflux Network Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives. Contact Melissa Tirey melissa@shift6studios.com NewsBTC