$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support. Litecoin started a fresh decline from the $85 resistance against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could continue to move down towards $55 in the near term. Litecoin Price Turns Red This past month, litecoin price saw a strong increase above the $70 level against the US Dollar. LTC price was able to clear the $80 resistance level, outperforming both bitcoin and ethereum. However, the bears remained active near the $85 zone. There was a topping pattern formed near the $85 level before the price started a fresh decline. There was a clear move below the $80 and $78 support levels. Besides, there was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair. Litecoin price is now trading below $70 and the 100 simple moving average (4-hours). A low is formed near $61.67 and the price is now consolidating losses. On the upside, an immediate resistance is near the $66.00 level. It is near 23.6% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low. The first major resistance is near the $70.00 level. Source: LTCUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $79.80 swing high to $61.67 low is also near $70. If there is a clear break above the $70 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $75 and $78 levels. Any more gains might send ltc price towards the $80 resistance zone. More Losses in LTC? If Litecoin price fails to clear the $70.00 resistance level, there could be more losses. An initial support on the downside is near the $61.60 level. The first major support is forming near the $60.00 level. Any further losses may perhaps send the price towards the $55.00 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly gaining pace in the bearish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is below the 50 level. Major Support Levels – $60.00 followed by $55.00. Major Resistance Levels – $70.00 and $75.00.
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) has recommended that regulatory agencies continue to “enforce existing rules and regulations applicable to the crypto-asset ecosystem.” SEC […]
Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150. Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the $1,220 resistance. Ethereum Price Turns Red Ethereum price failed to stay above the $1,300 support zone. ETH reacted to the downside and traded below the $1,250 support zone to move into a bearish zone, similar to bitcoin. The decline gained pace below the $1,200 level and the 100 hourly simple moving average. Ether price traded as low as $1,154 and is currently consolidating losses. There was a minor increase above the $1,180 resistance zone, but the bears remained active. Ether price is now trading below $1,200 and the 100 hourly simple moving average. It is also trading below the 23.6% Fib retracement level of the downward move from the $1,350 swing high to $1,154 low. An immediate resistance on the upside is near the $1,190 level. There is also a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD. The first major resistance is near the $1,210 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com A close above the $1,220 resistance might start a decent increase. The next major resistance could be $1,260 or the 50% Fib retracement level of the downward move from the $1,350 swing high to $1,154 low, above which ether could rise towards $1,300. Any more gains might send the price towards the $1,350 resistance zone. More Losses in ETH? If ethereum fails to climb above the $1,220 resistance, it could continue to move down. An initial support on the downside is near the $1,170 level. The next major support is near the $1,150 level, below which the price could gain bearish momentum towards the $1,100 support. Any more losses could lead the price towards the $1,050 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,150 Major Resistance Level – $1,220
Over 150 crypto wallets blacklisted for alleged links to the funding of terror groups can now be drained of all funds following a ruling by an Israeli court.
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence unless proven otherwise,” he stressed. O’Leary also denied the accusation by Binance CEO Changpeng Zhao (CZ) that he perjured […]
Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.”
Bitcoin price declined heavily and traded below $17,000. BTC is consolidating losses and remains at a risk of more losses below the $16,500 support. Bitcoin started a fresh decline below the $17,200 and $17,000 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move lower unless it clears the 100 hourly SMA. Bitcoin Price Tumbles Bitcoin price restarted a fresh decline from the $18,400 zone resistance zone. BTC gained pace below the $17,500 and $17,200 support levels. The bears even pushed it below the $17,000 level and the 100 hourly simple moving average. It tested the $16,500 support zone. A low is formed near $16,541 and the price is now consolidating losses. It climbed a few points higher and traded above the $16,700 level. Bitcoin price is now trading below $17,000 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,800 zone. There is also a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair. The first major resistance is near the $17,000 zone and the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the downward move from the $18,387 swing high to $16,541 swing low. Source: BTCUSD on TradingView.com A clear move above the $17,000 resistance might call for a move towards the $17,500 resistance. It is close to the 50% Fib retracement level of the downward move from the $18,387 swing high to $16,541 swing low. The next major resistance is near $17,800, above which the price might gain pace and rise towards the $18,000 level. More Losses in BTC? If bitcoin fails to clear the $17,000 resistance, there could be more downsides. An immediate support on the downside is near the $16,600 level. The next major support is near the $16,500 zone. A downside break below the $16,500 support might call more losses. In the stated case, the price could decline towards the $16,000 support in the near term. Any more losses might send the price towards $15,500. 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 – $16,600, followed by $16,500. Major Resistance Levels – $16,800, $17,000 and $17,500.
submitted by /u/Feeling-Inside5147 [link] [comments]
I'm sorry if this has been asked before but I can't find an intelligent answer without it being called FUD. I'm not spreading FUD just looking for an answer. After the merge , ETH requires a minimum of 32 ETH which is a lot for the average investor. As a result exchanges and other platforms…
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