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- Travala Partners with Solana to Enhance Crypto-Based Travel Bookings
Travala Partners with Solana to Enhance Crypto-Based Travel Bookings
Crypto travel platform Travala integrates the Solana blockchain, enabling users to book accommodations and flights with Solana-based assets and earn rewards in SOL, BTC, and AVA tokens.
Steven Walgenbach
September 21, 2024
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Breaking Crypto Stories
Here are the top stories today:
Travala Expands Blockchain Support by Integrating Solana for Crypto Travel Bookings
Elon Musk’s X Complies with Brazilian Regulations After Month-Long Blockade
BingX to Resume Withdrawals for Major Cryptocurrencies on September 21 Following Security Breach
Question of the Day
Why have asset managers pivoted from their anti-crypto stance? Do they know something we don’t?
✈️Travala Expands Blockchain Support by Integrating Solana for Crypto Travel Bookings
Crypto-focused travel platform Travala has integrated with the Solana blockchain, enabling users to book flights and accommodations using Solana-based assets and earn rewards in SOL, BTC, and AVA tokens.
Travala CEO Juan Otero announced the integration with Solana, allowing bookings with SOL, USDT, USDC, and other Solana-based assets, while offering up to 10% rewards in SOL through the platform's loyalty program.
Users can now deposit and withdraw Solana-based cryptocurrencies directly into their Travala accounts with zero fees on travel bookings, marking Solana as Travala’s third supported blockchain alongside Ethereum and BNB Chain.
Travala plans to prioritize Solana in its development strategy to expand the real-world utility of the Solana ecosystem, following recent partnerships like Skyscanner’s integration to offer hotel bookings in over 100 cryptocurrencies.
🚧Elon Musk’s X Complies with Brazilian Regulations After Month-Long Blockade
After nearly a month of being blocked in Brazil, Elon Musk’s social media platform X has begun suspending accounts for misinformation and is set to appoint a local legal representative to adhere to Brazilian laws.
Starting Sept. 18, X has been suspending accounts accused of spreading misinformation as mandated by Justice Alexandre de Moraes, and will soon appoint a legal representative in Brazil to comply with local regulations.
Notable accounts linked to Bolsonaro supporters, including digital influencer Allan dos Santos and journalist Paulo Figueiredo, have been suspended, with a total of nine accounts shut down as part of ongoing investigations into misinformation.
Despite Musk’s accusations of politically motivated censorship, the Brazilian Supreme Court upheld the suspension, and a recent technical incident briefly restored access to X via Cloudflare’s servers, which X clarified was unintentional and not an attempt to bypass court orders.
🟢BingX to Resume Withdrawals for Major Cryptocurrencies on Sept. 21 Following Security Breach
After a significant security breach, cryptocurrency exchange BingX announces the resumption of withdrawal services for key digital assets starting Sept. 21, 2024, while assuring customers of enhanced security measures and fund recovery efforts.
BingX will begin allowing withdrawals for major cryptocurrencies including USDT, USDC, BTC, ETH, TRX, and SOL on Sept. 21, with additional tokens to follow within two weeks. Deposit services are also expected to resume in the coming weeks.
The exchange experienced a hack on Sept. 20, resulting in $52 million in stolen funds. BingX has mitigated losses by isolating client funds in cold storage, freezing $10 million of the stolen assets, and collaborating with security firms like SlowMist and Chainalysis to investigate and recover the funds.
Vivien Lin, BingX's Chief Product Officer, reassured customers that all potential losses are covered by the platform's sufficient reserves. Lin highlighted BingX's six-year history and reputation as a trustworthy service provider, emphasizing that the majority of client funds remained secure despite the breach.
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Potential Trade Opportunities
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Bitcoin (BTC)
Price Movements: Bitcoin's recent price action on the 4-hour chart shows mixed signals, with BTC hovering around $62,917. While short-term bullish momentum persists, indicated by BTC's position slightly above the 9 and 20 EMAs, weakening signals in the MACD suggest caution. A potential pullback could be looming as bullish momentum fades, though the RSI remains neutral, signaling that price movement in either direction is possible.
Key Levels To Watch: Bitcoin faces significant resistance at $63,437.69, followed by additional hurdles at $63,742.16 and $64,220. On the downside, support is present at $62,906.6, with deeper levels around $60,308 and $60,246. These levels will be crucial in determining Bitcoin's next significant price movement, as a breakout or breakdown at any of these points could lead to larger market moves.
Trade Strategies: For bullish traders, a confirmed breakout above $63,437.69 could present a potential entry point, with targets set at the next resistance levels. Meanwhile, short sellers might consider entering around the $63,437.69 resistance if it holds, targeting the $62,906.6 support level. In either case, traders should exercise caution and be mindful of potential reversals at key levels.
Pepe (PEPE)
Price Movements: PEPE has been consolidating around key levels on the 4-hour chart, with recent closing prices reflecting a tug-of-war between bulls and bears. Short-term bullish momentum has been observed, as the price hovers above the 9-period EMA, indicating some buying pressure. However, this momentum remains fragile, as the price faces resistance at $0.00000816, while support is holding firm at $0.00000801.
Key Levels to Watch: The main levels to monitor include resistance at $0.00000816, with potential upside targets at $0.00000829 and $0.00000844 if a breakout occurs. On the downside, support at $0.00000801 is critical, with additional support levels at $0.00000790 and $0.00000773, should a bearish reversal take place. These levels will be key indicators for potential future price movements.
Trade Strategies: Traders looking to enter long positions should wait for a confirmed breakout above $0.00000816, with a target near the next resistance at $0.00000829 and a stop loss below $0.00000801. For short positions, a rejection at resistance or a break below $0.00000801 could offer an opportunity, targeting the lower support levels. Monitoring the MACD and RSI for shifts in momentum will help confirm trade timing.
Dogs (DOGS)
Price Movements: DOGS has been showing signs of bearish continuation, with recent price action struggling to break through key resistance levels. The latest close at $0.0009163 indicates a lack of bullish momentum, while the downward sloping 9 EMA and 20 EMA confirm the bearish sentiment. The failure to reclaim higher resistance levels suggests that sellers remain in control, and the asset could see further downside in the short term.
Key Levels To Watch: Traders should monitor the $0.0010019 and $0.0010064 resistance levels, as DOGS has repeatedly failed to break above these areas. A strong push past these levels could signal a shift in market sentiment, while a breakdown below the $0.0009009 support level may lead to deeper price declines. The $0.0010667 resistance level is also significant for long-term bullish momentum if buyers regain control.
Trade Strategies: For those looking to enter short trades, a failure to break above $0.0010019 presents an opportunity, with downside targets around $0.0009009 and stop-losses above $0.0010064. Long traders should consider waiting for a break and close above $0.0010667, signaling a potential bullish reversal. The RSI nearing oversold territory could also present buying opportunities if the price approaches key support levels.
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