It seems like Bitvavo has a serious hole in their balance sheet. We are talking about a 280 million euro hole. They tried to hide it for weeks, but after Protos came out with this source message. They quickly came with a post of their own. Now I see a lot of people saying that…
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Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.
As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale.
U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.
Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs. Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the $1,300 resistance. Ethereum Price Restarts Decline Ethereum price failed to clear the $1,350 resistance zone. ETH formed a top near $1,350 and started a fresh decline. There was a clear move below the $1,300 support and the 100 hourly simple moving average, similar to bitcoin. During the decline, there was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD. The price settled below the 61.8% Fib retracement level of the upward wave from the $1,240 swing low to $1,349 swing high. Ether price is now trading below $1,290 and the 100 hourly simple moving average. It is also consolidating near the 76.4% Fib retracement level of the upward wave from the $1,240 swing low to $1,349 swing high. An immediate resistance on the upside is near the $1,285 level and the 100 hourly simple moving average. The first major resistance is near the $1,300 and $1,305 levels. A close above the $1,305 resistance might start a fresh increase. Source: ETHUSD on TradingView.com The next major resistance could be $1,350, above which ether could rise towards $1,400. Any more gains might send the price towards the $1,480 resistance zone. More Losses in ETH? If ethereum fails to climb above the $1,300 resistance, it could continue to move down. An initial support on the downside is near the $1,260 level. The next major support is near the $1,240 level, below which the price could gain bearish momentum towards the $1,200 support. Any more losses could lead the price towards the $1,100 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 – $1,260 Major Resistance Level – $1,300
HODL gang represent 333k checking in ✅ submitted by /u/Proper_Scholar4905 [link] [comments]
People can argue day and night that Ethereum does not pass the Howey test, and therefore, is not a security. However, these people have failed to look at the bigger picture. Namely, the consequences for the government if they were to deem ETH as a commodity. First, they would get sued by virtually every single…
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Binance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves.
