Category: Cryptocurrency News

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In this episode of NewsBTC’s daily technical analysis videos we are looking at MATIC following a more than 10% intraday move on the back of the announcement that META would use Polygon for Instagram NFTs. Take a look at the video below: VIDEO: Polygon Price Analysis (MATICUSD): November 3, 2022 The continued strength from MATIC has the altcoin’s momentum turning up yet again on the daily, strengthening on weekly timeframes, and only three days away from the 2-week timeframe crossing bullish. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 MATIC Gives Golden Cross Signal On Daily Technical indicators on the daily chart exhibit strength relative to the rest of the crypto market. For example, price is above the mid-Bollinger Band and tagging the upper band; it is well above the Ichimoku cloud, the tenkan-sen and kijun-sen; it has struck the Parabolic SAR; and pushed above the 50, 100, and 200-day moving averages. Most importantly, there is a golden cross on the daily. The last time there was a daily golden cross on MATICUSD, the cryptocurrency rallied by more than 13,000%. The Bollinger Bands are the tightest in five years | Source: MATICUSD on TradingView.com Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Elliott Wave Theory Hints At Coming Polygon Rally Low timeframe Elliott Wave Theory counting could suggest that MATIC has finished its wave 1 impulse and possibly a wave 2 correction, before it begins a larger move higher for a wave 3, 4, and 5. Adding in a channel shows that if this is the start of wave 3 of 5, the end of the 5th wave could terminate at the mid-point of the channel. The channel appears valid throughout a series of different timeframes. On monthly timeframes, turning on the Fisher Transform shows a bullish crossover in the months past that could begin to pick up steam. The Fisher Transform highlights a possible turning point | Source: MATICUSD on TradingView.com Related Reading: Trick Or Treat For Bitcoin On Halloween Night? | BTCUSD Analysis October 31, 2022 Altcoin Could Dominate Bitcoin And Ethereum Although the MATICUSD pair looks strong, MATIC versus BTC looks even better, and is close to setting new all-time highs.  Even the MATIC versus Ethereum pair suggests that MATIC will outperform both Ether and Bitcoin in the months ahead, with the only thing holding it back is this current level. MATIC might outperform both BTC and ETH | Source: MATICUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.c

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Hey fellow Redditors, I'm not sure if sharing an article written by myself is against the subreddit rules (n. 8) but, anyhow… (moderator, feel free to censor this, if it hurts the rules… no bad feelings) So, I've been a software engineer for a long time (former lead of Engineering for Accenture and Localiza) and…
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On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have […]

The financial services giant, along with Coin Metrics and MSCI, will help investors track market movements and screen hundreds of coins and tokens by their uses.

Hi Reddit, Does it feel like crypto is failing at real-world integration? Not so fast! Yesterday proved to be one of the most bullish days on this front. So let's take a look at some head-turning events that transpired. Instagram’s NFT Push ​ https://preview.redd.it/gjabckjnosx91.png?width=1456&format=png&auto=webp&s=758e464b98c8a4e92fe2dabbc64d906f27e49bc5 One of the most prominent social platforms in the world, Instagram,…
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Believe it or not, the DealShaker marketplace is still working. The commerce arm of the OneCoin empire, DealShaker provided a clear and verifiable use case for OneCoin as a currency. The token was real because you could use it to buy things in a specific e-commerce store.  Oh, those were the days. The greatest thing about exploring OneCoin and Dr. Ruja’s story is that it reflects how naive the crypto world actually was just a few years ago. In many ways, it still is.  In “The Missing Cryptoqueen’s” sixth episode, we travel to the past. It’s titled “The Überflieger” referring to a “high-flying” person. That’s how teachers of the past described Dr. Ruja, who was definitely the star in all of her classes and was respected and hated for it. What else can Jamie and Georgia learn about Ruja Ignatova by tracing her steps? Let’s find out. Remember, you can download episodes directly from the BBC, or listen to “The Missing Cryptoqueen” through Apple, Spotify, or iVoox. About “The Missing Cryptoqueen,” Episode Six – “The Überflieger” Our blast from the past episode starts in 2009, five years before OneCoin and DealShaker. Bitcoin was entering the scene and so was Dr. Ruja, who bought a factory in Germany. Jamie and Georgia visit the site in 2019 and interview the survivors of that story. They tell them that Ruja Ignatova got there, impressed everybody, and made a lot of promises that she didn’t keep. After that, she disappeared, effectively rug-pulling everybody. Interesting fact, both her father and her mother worked at the factory. Which suggests Ruja Ignatova is a family woman.  When Dr. Ruja disappeared, the factory offices were broken into and a lot of documents went missing, along with her. The factory workers that the podcast interviewed all seem to think that this was staged and that Dr. Ruja took and destroyed some important documents. “It’s exactly the same story,” one of them says comparing OneCoin and DealShaker to the factory in question. When things got tough, Ruja Ignatova sold the company and disappeared. The factory remains closed to this day. In the next section’s second quote, you’ll sense the magnitude of that first case against Dr. Ruja. She paid the fine and kept it pushing. And, according to the factory workers, she learned that the next time she was going to have to disappear for real.  Quotes From “The Missing Cryptoqueen,” EpisodeSix – “The Überflieger” In what appears a diary entry, we learn about the young Ruja Ignatova: “Ruja was always friendly to everyone. She was always well behaved and cheerful, and the teachers were deeply fond of her. She doesn’t drink and she would never degrade herself to eating pizza. Her favorite classes were “p,” she was faultless, and now and then she likes “ari.” Generally, she got on very well with her colleagues. Stop. Maybe we should stick to the truth. Okay, fine. Maybe I did take pleasure in tormenting some students. I was always looking for the chance to spread new amusing stories about them.” This quote summarizes the consequences of Ruja’s first fraud: “This time, the law caught up with Dr. Ruja. In 2016, she was convicted in a German court for several crimes. Intentional breach of duty in the event of insolvency, fraud, withholding an embezzlement of employees’ wages, and violation of accounting duties, She received a 14-month suspended sentence and an €18,000 fine. The local newspaper reported that Ruja reappeared to attend the ruling and showed no emotion when the judgment was passed down. She quietly slipped out and returned to Bulgaria, and carried on with OneCoin as if nothing had happened.” More About Dr. Ruja’s Past Later in the episode, Jamie and Georgia confirm that Ruja really got a PHD. “She’s smart,” Georgia says. Then, Multi-Level Marketing makes a second appearance. We learn that in 2014, Ruja Ignatova tried to sell… wait for it… bitcoin using MLM techniques. The producers introduce Sebastian Greenwood, a Multi-Level Marketing expert that seems to have created the Dr. Ruja character with Ignatova. She had the charisma, he had the technique. They just needed a product they could control. Last but not least, we meet Duncan. He once was an integral part of the OneLife organization and it’s the mind behind DealShaker. He says everything in there is rubbish and challenges Jamie to find five things he wants and can pay in OneCoin only. Jamie goes through DealShaker and realizes the already shady characters that sell products through the platform mostly want Euros. Is DealShaker really a OneCoin market? At the end of the episode, a private detective that the production hired apparently found a lady that could be Ruja Ignatova in Athens. Could it be? BTC price chart for 11/03/2022 on Bitstamp | Source: BTC/USD on TradingView.com Extra Material: OneCoin Responds To The FCA Approximately six years ago, the Financial Conduct Authority of the United Kingdom issued a warning against OneCoin. The company responded and NewsBTC reported the story: “In the statement, OneCoin has called itself a global software and technology company with offices in Bulgaria, Hong Kong, and the United Arab Emirates. The company has also described OneCoin has a digital currency sharing few features with existing cryptocurrencies. These similarities are confined to the maintenance of all transaction records on a database. The digital currency company, in the last paragraph of the statement, expresses its full cooperation, “OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.” Episode Credits Presenter: Jamie Bartlett Producer: Georgia Catt Story consultant: Chris Berube Editor: Philip Sellars Original music and sound design: Phil Channell Original music and vocals: Dessislava Stefanova and the London Bulgarian Choir Previous Companion Guides For BBC’s “The Missing Cryptoqueen” Podcast: Ep. 01 – https://www.newsbtc.com/news/bitcoin/ep01-dr-ruja-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 02 – https://www.newsbtc.com/news/bitcoin/ep02-btc-killer-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 03 – https://www.newsbtc.com/altcoin/ep03-onecoin-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 04 – https://www.newsbtc.com/scams-and-fraud/ep04-onelife-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Ep. 05 – https://www.newsbtc.com/scams-and-fraud/ep05-mlm-companion-guide-for-bbcs-the-missing-cryptoqueen-podcast/ Featured Image: The Missing Cryptoqueen logo by BBC | Charts by TradingView

Market Talks discussed the Bitcoin bottom, DOGE’s price action and signs to follow in order to know when it’s time to ape into crypto.

AR’s price shows much strength after breaking out from its long downtrend movement.   AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27.  AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Arweave (AR) price showed some great price action as the price rallied from its weekly low of $8 as the price fell from a high of $90 in recent months. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Arweave (AR) has enjoyed this relief bounce happening in the crypto space as the price of AR continues to show great price movement on all timeframes. (Data from Binance) Related Reading: Shiba Inu Price Forecast Points To Downbeat November For SHIB Arweave (AR) Price Analysis On The Weekly Chart The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more.  The new week has looked more promising for some altcoins, like AR rallying with over 60% in less than 24 hours, showing the price action and volume for buy orders. After dropping from its high of $90 some months back, the price of AR has maintained a downtrend price movement with little to no hope of a bounce. The week shows more bounces across the crypto space, with AR taking advantage of the relief bounce. The price of AR saw its trade at a low of $8 on the weekly chart; the price swiftly bounced from this region as the price rebounded to a region of $15 as the price looked bullish to rally some more. Weekly resistance for the price of AR – $16. Weekly support for the price of AR – $8. Price Analysis Of AR On The Daily (1D) Chart In the daily timeframe, the price of AR continues to be strong as bulls try to hold the price above its key support zone at $10, forming strong support to hold off the price from sellers. AR currently trades at $15.15, just above its key support on the daily timeframe after successfully rallying and breaking out of its descending triangle with good volume.  The price of AR continues to look strong, but the price needs to reclaim the region of 200 EMA, currently acting as strong resistance for the price to rally to a high of $27. If the price of AR breaks and closes above this region, we could see AR rallying a bit more.   Daily resistance for the AR price – $16. Daily support for the AR price – $10. Related Reading: Stablecoin Exchange Inflow Mean Hits ATH, Why This Could Be Bullish For Bitcoin Featured Image From Invezz, Charts From Tradingview