Hong Kong to subject crypto exchanges to the same laws governing TradFi
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.
The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.
As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.
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The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the following day trading above $1,000. According to the Coincodex analysis, there are presently 15 technical indicators out of a total of 28 […]
There is a group called the Terra Rebels whose goal is to restore the natural environment of Terra Classic. On Twitter, a member by the name of Architect123 recently updated the community on the most recent developments in the ecosystem. Let’s take a quick glance at some recent developments: Recent statistics suggest that an increase in dApp development activity can be attributed to changes made available to developers Metrics and technicals continue to act as a brake on price #LUNC #LUNCCcommunity $LUNC #flutter The new alpha package for TerraDart is now ready! Use this package to communicate with LUNC Blockchain for Flutter or Dart Environments. https://t.co/SCkWqkBQde — TheArchitect123 | CC & CCI (@AlphaGenius1237) December 5, 2022 The tweet implies that the TerraDart alpha package will make it possible for dApps to interact with the LUNC blockchain from within a Flutter or Dart environment. The software development kit would help make developing dApps on-chain to be more streamlined. Data from Santiment shows that because of this recent change, LUNA’s on-chain development activity has increased dramatically. Metrics and technological details, however, hint to a bleak future for the ecosystem. Related Reading: Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022 LUNA Falls Due To Bearish Technicals The current price of one coin is $1.5807. Pearson’s R for the regression channel is 0.6221, which indicates strong bearishness despite the price being at a green candle. This portends a probable decline in price. Nonetheless, a positive crossover in the RSI indicates some optimism. The data are also on the rise, confirming the creation of a price downturn. The MACD indicator is also approaching a bullish crossing, confirming a modest upswing. Nonetheless, a retreat would not be sufficient for a complete recovery. The EMA ribbon remains bearish, functioning as a dynamic resistance. The $1.5457 support is underpinning the recent retreat, therefore investors and traders should keep an eye on it. In the coming days, the Bollinger band is also in the process of developing a crunch zone, which would be another obstacle to a complete recovery. Terra: On Developments & Price Action According to TradingView’s technical analysis of the cryptocurrency, investors should sell since a decline is inevitable. This is further supported by a significant drop in LUNA’s MFI value, which indicates that the present upward price trend will be subject to a quick reversal. Certainly, the new developments have an effect on the price of LUNA. Sadly, this is insufficient to halt the pessimism around the asset. Messari has a Sharpe ratio of -4.34, indicating that LUNA’s returns compared to its risk are close to zero or negative. Currently, a short position after a bearish breakout at $1.5457 would be profitable for investors and traders in this extremely unfavorable market situation. Related Reading: Up Or Down? What To Expect From Solana (SOL) In The Homestretch Of 2022 Crypto total market cap at $796 billion on the daily chart | Featured image: CoinQuora, Chart: TradingView.com
Simple transaction will prove it, there are followers out there like those who follow Elon blindly. I haven’t been following much on twitter as I left it but the Bsv community all cum over his presence. Obviously there is a split between btc bhc bsv all claiming to be the true form of Bitcoin. I…
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As the title says we know or most assume that the situation will get better and won't last forever. For many of us, this is our first real bear market in crypto and even my time perception changed, it seems to be that 10 years have gone by since BTC hit 69K. My mind tells…
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Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house of Kazakhstan’s parliament, […]
As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA.