Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers
Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the national currency of Ukraine.
Ukrainian Users Lose More Fiat Options to Trade on Cryptocurrency Exchange Binance
The world’s leading digital asset exchange in terms of trading volume, Binance, said on Monday that Ukrainian hryvnia purchases through the digital wallets Settlepay and Advcash will be unavailable, starting from March 21.
“Settlepay withdrawals are currently open and you can withdraw fiat currency to your wallet, the withdrawal fee is 0%,” the platform noted in an announcement to its Ukrainian users published on Telegram and Twitter.
Fiat deposits and withdrawals via bank cards and other payment services have been suspended throughout Ukraine, the exchange reminded. The measures are related to restrictions imposed by the National Bank of Ukraine, its representatives explained earlier in March.
Besides Binance, a leading Ukrainian crypto exchange, Kuna, also acknowledged the interruptions. Its founder Michael Chobanian commented that these could be linked to efforts by the government in Kyiv against money laundering and tax evasion through online gambling sites.
“This decision is related to the fight against the illegal gambling business, and unfortunately, it also affected cryptocurrency exchanges,” Binance confirmed in its latest statement.
The global crypto company also informed Ukrainian traders that they can sell hryvnia in spot pairs or convert it to any asset free of commission. It further suggested that they use its peer-to-peer platform to exchange crypto and fiat money directly with other Binance users.
Cryptocurrencies have provided a lifeline for many Ukrainians and their country amid an ongoing war with Russia. A recent blockchain intelligence report revealed that the invaded nation has raised over $212 million to fund its military and relief efforts through crypto donations which, according to Chobanian, will be affected by the government-imposed Hryvnia restrictions.
Do you think the restrictions on Hryvnia transactions on crypto exchanges will be lifted soon? Tell us in the comments section below.
Read More
Uniswap price analysis: UNI finds stability at $6.21 as bullish sentiment grows
Uniswap price analysis reveals that UNI/USD has seen a 1.51 percent increase in the past 24 hours, making it one of the best-performing altcoins today. Currently, UNI is trading at around $6.21 after hitting a high of $6.59 earlier this morning. The outlook for Uniswap looks positive as the price is stabilizing above the $6.00 level.
As of now, UNI/USD has established support at $6.07. If the bulls can push prices back above this level, then UNI could continue its uptrend and head toward its next resistance level of $6.59. Conversely, if the bears overpowered the bulls, then UNI/USD could decline back to its support levels of $6.07 and $6.00.
Uniswap price analysis 1-day chart: UNI recovers up to $6.21 as bulls steer safely
The 24-hour chart shows that Uniswap price analysis has been in bullish territory since yesterday after reaching a low of $5.48 the previous week. Since then, UNI/USD has been on a steady uptrend and managed to breach the $6.00 level. The buying pressure seems to be strong, with the bulls taking control of the market for the time being.
The 24-trading volume for Uniswap is currently at $156 million, a positive sign of investor interest in the cryptocurrency. Moreover, the market cap of Uniswap stands at $4.71 billion, which is impressive for an altcoin. The moving average indicator is at $5.99, with 50-day and 20-day MA looking quite bullish.
The stochastic RSI is now in the oversold range (46.94), which is causing concern among traders since it indicates a possible reversal. Bollinger Bands are broadening and heading higher, indicating more market volatility in the 4-hour price chart. Evidence of a bullish outlook is provided by Bollinger Bands’ upper limit of $6.94 and lower limit of $5.57.
Uniswap price analysis 4-hour chart: Buying sentiment continues to increase
The four hours Uniswap price analysis is declaring the bullish lead as the price has improved consistently. Since the past few hours, an upward trend has been observed as the price has moved up to the $6.21 level. The price has increased significantly as the bullish momentum has been intensifying since yesterday. The moving average, in the four hours price chart, is standing at the $6.30 level above SMA 50.
The relative strength index is slightly overbought at the 53.64 level, which means that the trend may reverse anytime soon, and therefore, investors should be cautious while trading. The Bollinger bands are broadening and heading upwards, which explains the increasing buying sentiment. The upper limit stands at $6.65, and the lower limit stands at $5.52.
Uniswap price analysis conclusion
To conclude, the Uniswap price analysis is bullish for today, and the market looks to be heading higher. The bulls need to push above the resistance levels at $6.39 to confirm that the uptrend will continue. On the other hand, if the bulls are unable to break above these levels, then a short-term bearish reversal is likely.
Read More
