A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
As promised, here are some stats and charts from the database of first-gen Reddit avatar financial performance I posted yesterday (you can find the database, stats, charts, and source file for stats and charts here). After a lot of messing around with different summaries and groupings, I found that grouping the data by the rarity…
Read more
The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge, and swap them for real ones on the other.
submitted by /u/unphuckable [link] [comments]
A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies.
submitted by /u/brbinsky [link] [comments]
This is absolutely huge news but no one is talking about it. For the first time, an EU supervisory authority grants a payments institution licence to a company where blockchain rails are used to move funds. The company, Ztlment, developed smart contract software to move euros peer-to-peer on blockchain in full PSD2 compliance. With…
Read more
The CEO of global investment bank Goldman Sachs, David Solomon, sees a good chance of a U.S. recession. He stressed that the “environment heading into 2023 is one that you’ve got to be cautious and prepared for.” Goldman Sachs CEO Warns About U.S. Recession, Advises Investors to Be Cautious Goldman Sachs CEO David Solomon warned […]
Bitcoin price slowly moved lower below $19,200 against the US Dollar. BTC is still trading above the main breakdown support near the $18,500 zone. Bitcoin is slowly moving lower and there was a spike below the $19,000 level. The price is trading below $19,200 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a clear move above $19,200 and then $19,500. Bitcoin Price Holds Support Bitcoin price started a slow decline from just above the $19,500 resistance zone. BTC declined below the $19,250 and $19,200 support levels to move into a short-term bearish zone. The bears even pushed the price below the $19,000 level and there was a close below the 100 hourly simple moving average. The price traded as low as $18,900 and is currently correcting higher. There was a move above the $19,000 level. Bitcoin price is now trading below $19,200 and the 100 hourly simple moving average. There is also a key bearish trend line forming with resistance near $19,180 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $19,090 level. It is close to the 23.6% Fib retracement level of the recent decline from the $19,697 swing high to $18,900 low. The first major resistance sits near the $19,200 level and the trend line. Source: BTCUSD on TradingView.com The next major resistance might be $19,300 or the 50% Fib retracement level of the recent decline from the $19,697 swing high to $18,900 low. A clear move above the $19,300 resistance might start a decent increase. In the stated case, the price may perhaps test the $19,500 resistance. Any more gains might start a steady increase towards the $20,000 resistance zone. Downside Break in BTC? If bitcoin fails to rise above the $19,300 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,000 zone. The next major support is near the $18,900 zone. A downside break could send the price towards the main breakdown support at $18,500. Any more losses might send the price further lower towards $17,800 and selling pressure could increase. 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 below the 50 level. Major Support Levels – $19,000, followed by $18,900. Major Resistance Levels – $19,200, $19,300 and $19,500.
Web3 security firm Supremacy highlighted Etherscan transaction history that showed the hacker(s) were able to swipe 204 ETH in gas fees so far, worth roughly $259,800.
