FTX exec revealed as big donor to Oregon Democrats following misidentification
The FTX director of engineering reportedly contributed $500,000 to the Democratic Party of the American state of Oregon.
The FTX director of engineering reportedly contributed $500,000 to the Democratic Party of the American state of Oregon.
Using Crypto Exchange Platforms An option for anonymously purchasing Monero is using a traditional style of exchange platform but importantly one that does not have Know Your Customer (KYC) requirements. Of course, many crypto exchange platforms do not offer anonymity benefits. However, a few of them do. Among them include; Crypton exchange. The Crypton exchange…
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The U.S. Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) are reportedly working closely with major social media platforms, like Facebook and Twitter, to police “disinformation.” Leaked documents further show their plans to expand censorship. Leaked Documents Reveal How Department of Homeland Security Plans to Police Disinformation Leaked documents and court […]
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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What separates the advanced and novice traders during a bear market is the application of different strategies, preciseness, use of the common 3 triangle patterns, and managing trade to have a proper edge against other crypto traders. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. There is so much more involved in trading in the crypto space other than buying and selling based on the feeling that this is the best time to buy or sell an asset. Understanding the market is in phases or cycles gives the trader, investors, and institutions an advantage to trade with the necessary edge and the technical tools needed to produce a great return on investment (ROI) over time. Let’s look at how most traders, investors, and institutions take advantage of 3 triangle patterns, especially in this bear market, to make profitable gains and stay ahead of the market and other traders. Related Reading: Memecoin Cult Continues: Dogecoin And Shiba Inu In The Lead What Is Triangle Pattern The triangle pattern is a technical analysis chart formation used by traders to spot bullish continuations or reversals based on the market condition. This pattern comprises candlesticks formation enclosed in converging trendlines known as support and resistant lines. The two converging trendlines form a triangle, hence the pattern formation name. These patterns are so useful to spot a bullish or bearish continuation of prices, and due to their high probability success rate, most traders use them during their trading. There are 3 common types of triangle patterns ascending, descending, and symmetrical triangle patterns; let us discuss them with the help of the chart. 3 Triangle Patterns – Ascending Triangles the ascending triangle is formed when there is a top acting as the resistance followed by an up-sloping bottom called the support. When the horizontal resistance line meets with the up-sloping support at the apex of the prices, there is a formation of an ascending triangle. Prices can breakout in either direction; this could be a breakout above the horizontal resistance or a breakdown below the up-sloping support leading to a bearish downtrend. Descending Triangle This triangle is mostly seen in the case of the downtrend in price as the squeeze into a triangle. This triangle is made up of lower horizontal support and a falling trendline top that converges with the horizontal support to form this pattern. Price can breakout in either direction leading to a bearish or bullish market, but in most cases, prices break to the upside of this triangle. 3 Triangle Patterns – Symmetrical Triangle Symmetrical triangles are price formations in which support and resistance lines slant and converge on one another. The resistance line descends from the top, while the support line ascends from the bottom. Identifying the 3 triangle patterns in crypto will help you make a good and better judgment regarding trading and investment in crypto assets. Disclaimer: The following op-ed represents the author’s views and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Related Reading: Bitcoin Price At Risk Of Further Squeeze, BTC Bulls Defend $20,000 Featured Image From zipmex, Charts From Tradingview
Russia has seemingly turned to cryptocurrency since the West decided to ‘punish’ the nation for its invasion of Ukraine. A list of sanctions had been imposed upon the country by the United States and the EU which worked to essentially cut Russia off from world traders. However, with the rise in popularity of crypto, it has provided a possible way for the country to evade these sanctions which would have otherwise stuck when fiat currencies were the only form of payment. Why Russia Could Turn To Cryptocurrency One thing that has drawn investors to cryptocurrencies such as Bitcoin is the fact that they are decentralized. A decentralized currency is not controlled by an entity. Hence, sanctions do not apply to them regardless of how severe they are. This has made it attractive to those who want to evade detection by governments, or in this case, countries trying to circumvent sanctions. Related Reading: Why The Dogecoin And Meme Coin Rally May Not Be Over Just Yet Lately, Russia has been warming up to crypto as a way to foster trade around the sanctions. The most prominent of these have been the sanctions on Russian gas purchases, which breeds the possibility of the country accepting crypto as a form of payment for their oil and gas. By using a cryptocurrency such as Bitcoin, Vladimir Putin could be able to completely evade these sanctions and the established banking system. Back in September, the US Treasury’s assistant secretary for Terrorist Financing and Financial Crimes, Elizabeth Rosenberg, told lawmakers that it was possible for the Kremlin to actually evade sanctions levied against it. Senator Elizabeth Warren also echoed this concern, pointing to the fact that there was already widespread use by North Korea to evade sanctions, and it was just as easy for Russia to do the same. Market cap at $984 billion | Source: Crypto Total Market Cap on TradingView.com Still An Important Player Even though there are currently sanctions against Russia, the EU still relies heavily on the supply of oil and gas from the Kremlin. Companies in Europe, although they have shown support for Ukraine in the war, continue to quietly acquire products from Russia. Given this, it is not a stretch to say that Russia would have an abundance of customers if it were to switch to crypto payments for its oil and gas. It is already an established player in the oil and gas industry and companies will not have an easy go of it having to change suppliers. So it would make sense to go through the relatively small inconvenience of converting fiat to crypto to pay Russia than spending millions of dollars to change international suppliers. Related Reading: Fed Could Hike Interest Rates By 75 BPS, Here’s What It Means For Bitcoin Russia is already softening its stance on cryptocurrencies since the war started. In September, it was reported that the government had reached an agreement with the central bank on a rule that would allow residents to carry out cross-border payments using crypto. Trade Minister Denis Manturov said back in May that the country would legalize digital asset payments “sooner or later.” Featured image from PYMNTS, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
So uhhhh…. anyone got the airdrops? And how much are they worth because, I'm curious. Thank you~ submitted by /u/AreaFifty1 [link] [comments]
The bottom might not be in, but a report from Arcane Research outlines how the crypto market could perform in the short, medium and long-term.
The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets. Related Reading: Bitcoin Mining Giant Argo Blockchain Gets Negative Cash Flows And Stock Price Dips At the time of writing, the Bitcoin price trades at $20,500 with sideways movement in the last 24 hours and a 6% profit over the previous week. Other cryptocurrencies in the top 10 by market capitalization are displaying strength as BTC moves sideways, with Dogecoin (DOGE) leading, followed by Ethereum (ETH) and Solana (SOL). The Bitcoin Price In The Short Term, Risk Of Spike In Volatility The Bitcoin price is under heavy influence from macroeconomic forces. The U.S. Federal Reserve (Fed) is trying to mitigate inflation by tightening its monetary policy, hiking interest rates, and reducing global liquidity. Consequently, Bitcoin and risk-on assets have trended to the downside for 2022. In October, BTC showed a higher correlation with traditional assets due to increased economic uncertainty. Per a recent report by Arcane Research, this status quo is likely to continue. The research firm believes that the Bitcoin price mid-term will still suffer from a high correlation to macroeconomic forces. Fed Chairman Jerome Powell is facing enormous pressure to pivot its monetary policy from internal and external agents in the United States. If Powell gives in, the Bitcoin price will likely benefit and extend its bullish momentum. However, Arcane Research believes it is more probable that Powell stays in its current course, preparing markets for further interest rate hikes. The financial institution and its leadership want to lower inflation in the U.S. dollar regardless of the fallout in global markets. During tomorrow’s Federal Open Market Committee (FOMC) meeting, Powell might offer more clues. The market expects further hikes, but any sign of dovishness could trigger another upside move. Bitcoin Market Susceptible To Squeezes In that sense, Arcane Research records two factors that might contribute to a possible uptrend. The first is high leverage across the crypto market. Short positions continue to pile up as the Bitcoin price trends to the upside. These positions are fuel for BTC if the market takes the long route. In addition, tomorrow’s FOMC meeting will likely trigger volatility which might lead Bitcoin to squeeze out these short positions and reclaim previously lost territory. As Arcane Research noted, volatility during these events is historically high. Related Reading: How MoneyGram Will Let Users Trade Bitcoin And Crypto However, the same is true for the short side of this trade. If the market overreacts to further tightening, expecting the Fed to come out dovish, the cryptocurrency could suffer and revisit the bottom of its range at $18,600. Arcane Research noted: Prepare for shaky markets in early November, as the event calendar is enormously busy in the first half of the month. Tomorrow comes the first.