Category: Cryptocurrency News

submitted by /u/Electrical_Potato_21 [link] [comments]

A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up.

The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details.

Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.

submitted by /u/fadufadu [link] [comments]

Bitcoin price is attempting a fresh increase above the $21,200 resistance zone. BTC could gain bullish momentum if there is a clear move above the $21,500 resistance. Bitcoin corrected lower, but it found support near the $20,500 zones. The price is trading above $21,000 and the 100 hourly simple moving average. There is a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $21,500 resistance zone. Bitcoin Price Remains Supported Bitcoin price started a downside correction from the $21,500 resistance zone. BTC declined below the $21,000 support zone, similar to ethereum. However, the bulls were active near the $20,500 and $20,400 support levels. A low is formed near $20,395 and the price is now rising. There was a clear move above the $20,850 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the recent decline from the $21,639 swing high to $20,395 low. Bitcoin price is now trading above $21,000 and the 100 hourly simple moving average. There is also a short-term key bullish trend line forming with support near $21,050 on the hourly chart of the BTC/USD pair. An immediate resistance is near the $21,160 level. It is near the 61.8% Fib retracement level of the recent decline from the $21,639 swing high to $20,395. The next major resistance is near the $21,500 zone, above which the price might gain bullish momentum. Source: BTCUSD on TradingView.com In the stated case, the price may perhaps rise towards the $22,000 level. Any more gains might send btc price towards the $22,500 level. Another Drop in BTC? If bitcoin price fails to clear the $21,250 resistance, it could start a fresh decline. An immediate support on the downside is near the $21,050 zone and the trend line. The next major support is near the $20,500 zone, below which the price might gain bearish momentum and test $20,000. Any more losses might send the price to $19,500 in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $20,500, followed by $20,000. Major Resistance Levels – $21,160, $21,250 and $21,500.

The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel.

Eggland's Best one of the largest egg companies in the world announced this morning that they will be releasing a stable coin pegged to the price of one EGG. The coin will be called EGG and will always be redeemable for one EGG from Eggland's Best, who sells only the best eggs. ​ https://preview.redd.it/5puq0qxzb4da1.jpg?width=699&format=pjpg&auto=webp&s=92e80d16395f711b166f714ef237b75330daf538 Eggland's…
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I got this message while trying to perform a swap on Uniswap. "Gas estimation failed. Wait a few minutes and try again." Thank you submitted by /u/bkc11 [link] [comments]

Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where we are relative to the law and the facts, […]