Hybrid crypto exchange GRVT secures Bermuda license

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 06 2024

SFP-2.251%

AI-4.898%

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GRVT's Regulatory Approval: Hybrid cryptocurrency exchange GRVT has received a Class Modified (M) Digital Asset Business License from the Bermuda Monetary Authority, allowing it to operate as a regulated decentralized exchange (DEX). The company aims to secure a Class Full (F) license by mid-2025 and is preparing for a soft launch of its mainnet.
Integration of CeFi and DeFi: GRVT's CEO emphasized that regulation and decentralization can coexist, promoting a unified ecosystem where centralized finance (CeFi) and decentralized finance (DeFi) work together. The growing concept of CeDeFi highlights the potential benefits of combining both financial systems to enhance security and user empowerment while addressing regulatory standards.

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Technical Analysis for SFP

Technical Sentiment Analysis for SafePal (SFP) As of , SafePal (SFP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SFP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SFP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

SafePal (SFP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.109	0.169	0.228	0.288	0.348	0.408	0.467
Fibonacci	0.169	0.214	0.243	0.288	0.334	0.362	0.408

About SFP

SafePal is a cryptocurrency wallet launched in 2018 that helps users to protect and grow their digital assets. SafePal provides hardware and software wallets, all paired and managed through the SafePal App and was the first hardware wallet invested in and backed by Binance.SafePal wallet supports numerous popular crypto-assets, in addition to popular tokens on the Ethereum, Binance Smart Chain (BSC) and TRON blockchains. Users can store, manage, swap, trade and grow their portfolio without compromising asset security, according to SafePal.Since its launch in 2018, SafePal has grown exponentially and has over 3,000,000 users in 196 countries globally. More information can be found in the SafePal Official Website.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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