Echobit Integrates with Upbit to Enhance Compliance
- Compliance Enhancement: Echobit's integration with South Korea's Upbit verification system allows for automatic verification of transactions exceeding 1 million won (approximately $730), significantly reducing fraud risk by ensuring sender and receiver name and birthdate matching, thereby enhancing user trust.
- Secure Transmission Mechanism: The system operates through an API-driven automated process that ensures secure data transmission through encrypted channels when users initiate transfers above the 1 million won threshold, adding minimal delay while meeting stringent regulatory requirements.
- Industry Standardization: This integration not only complies with the FATF's Travel Rule but also provides a compliance blueprint for other exchanges, pushing the global cryptocurrency industry towards higher security standards and fostering confidence among institutional investors.
- User Protection Measures: By automating the verification process, Echobit reduces manual operations for users during transfers, ensuring that assets flow in a compliant environment, which further enhances user experience and market competitiveness.
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Technical Analysis for SCR
Technical Sentiment Analysis for Scroll (SCR). As of , Scroll (SCR) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCR 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCR 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 $-.
Scroll (SCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0356 | 0.0395 | 0.0426 | 0.0465 | 0.0496 | 0.0535 | 0.0566 |
| Fibonacci | 0.0395 | 0.0421 | 0.0438 | 0.0465 | 0.0491 | 0.0508 | 0.0535 |
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