I was trying to move some ETH from Binance CEX to my cold wallet. I used BEP20 chain to try moving the ETH. Even though I used the ETH cold wallet destination in the Destination address and verified it twice. Now when I am looking for ETH in ETH wallet of Ledger it is showing…
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NEAR, the native token of the public proof-of-stake (PoS) blockchain Near Protocol, dumped more than 50% of its current monthly high of $3.42 that it achieved on November 6. It seemed like a recurring theme for the digital asset which, in the middle part of the month, shed 53% of its August 20 value. This is not surprising considering many altcoins were not spared from the lingering effects of the crypto winter that was compounded by the sudden collapse of FTX. Although it still has ways to go, NEAR seems to be slowly getting back on track, tallying an increase of almost 8% over the last 24 hours to trade at $1.60 according to tracking from Coingecko. Given the current market conditions, the high discount that the digital asset offers right now (its price has gone down by 55% from its monthly high) is very enticing for investors looking for viable entry point. Related Reading: Dogecoin Rises: Over 60% Of Holders Continue To Profit Despite FTX Nightmare NEAR Blockchain Partners With Famed Rating Platform Near Protocol recently announced its newly forged partnership with ESG Dao, a rating protocol that measures the true impact of companies, people and societies. Although additional details are not available at the moment, the tie-up between the two organizations is said to focus on the development of an improved ESG rating system. We’ve teamed up with @esg_dao to empower them to build the world’s first independent open, democratic, and credibly neutral set of ESG ratings. On #NEAR, naturally. Read more 👇 https://t.co/1BtCGmiMNk pic.twitter.com/seVP5sIchc — NEAR Protocol | Create Without Limits (@NEARProtocol) November 27, 2022 For its part, the blockchain network is looking at this development as a proof of its successful move towards its sustainability agenda and will definitely highlight its growing ecosystem that aims to thrive on real-world utility. The news might have been enough to trigger an upward movement in NEAR price but it failed to push network development activity numbers up, still within the lowest monthly levels ever recorded. This is not a good sign for the crypto asset and the blockchain as low development activity usually leads to low investor confidence. What To Expect From NEAR In The Next Few Days According to the forecast of Coincodex, the NEAR token will slightly increase its current spot trading price as it is predicted to hit $1.62 on December 5. Meanwhile, on December 31, right before the year ends, the crypto asset will trade at a significantly lower value of $1.05. One important thing to consider right now is that NEAR is within the range of its historic low which indicates that there might be a possibility for a bounce back in the coming days. However, as some of its metrics point towards a bearish momentum, investors are strongly advised to keep an eye on the asset’s blockchain development as it could prove to be an integral factor for a bull run to happen. Related Reading: Solana Asset Volatility Balloons To 260% As ROI Nosedives – Here’s Why NEAR total market cap at $1.39 billion on the daily chart | Featured image from BingX Blog, Chart: TradingView.com
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional $100,000 in certain sanctions compliance controls. Kraken Settles With OFAC The […]
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Although the TradeLens platform will officially go offline in Q1 2023, Maersk said it’s not given up its effort to digitize the supply chain industry.
While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.
Ripple is showing positive signs above the $0.365 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.48 level. Ripple is slowly moving higher and trading above $0.35 against the US dollar. The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.415 resistance zone. Ripple Price Eyes Upside Break After a strong decline, ripple’s XRP found support near the $0.320 zone against the US Dollar. The price started a decent increase above the $0.332 and $0.350 resistance levels. The bulls were able to lift the price above the 23.6% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. xrp price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair. It seems to be facing a major resistance near the $0.415 level. It is close to the 50% Fib retracement level of the key drop from the $0.5098 swing high to $0.3200 swing low. The next major resistance is near the $0.438 level. Source: XRPUSD on TradingView.com A successful break above the $0.438 resistance might send the price towards the $0.465 resistance. The next key resistance is near the $0.480 level. Any more gains might send the price towards the $0.50 level in the coming days. Dips Limited in XRP? If ripple fails to clear the $0.415 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.381 level, the trend line, and the 100 simple moving average (4-hours). The next major support is near $0.350. If there is a downside break and close below the $0.350 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.381, $0.365 and $0.350. Major Resistance Levels – $0.415, $0.438 and $0.480.
The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines, and forced refunds against SBF and FTX US.
The Solana ecosphere, unsurprisingly, is also suffering as a result of the current market contagion. SOL fell to its lowest performance in recent weeks. CoinGecko reports that its native token SOL has dropped in value by 58.3 percent over the course of a month. Here’s a quick glance at how the token has been performing: SOL experiencing high volatility and low return on investment An ascending triangle with a hint of a bearish break is noted SOL NFT will be released in the third quarter. As a result, the risk and volatility of SOL are not showing signs of any improvement just yet and has in fact grown to 259 percent combined. Right now, according to Messari, SOL has a volatility of 2.08, which is its all-time high in that category, and a Sharpe’s ratio of -3.67. When the value of the latter is negative, it indicates that the return on investment (ROI) from purchasing and holding SOL is so low that doing so could result in a loss. Despite this, the coin’s value has been rising on a daily and weekly basis. Even though market sentiment is very negative, SOL’s market cap domination is increasing. Is SOL showing signs of improvement? Related Reading: Polkadot (DOT) Clings To $5 Level Despite Unforgiving Bear Market Solana Glow Fading? SOL is currently in a weak position. Previous price moves lead to the construction of a rising triangle, which is a bearish pattern. With a Pearson’s R value of 0.7235 for the regression channel, greater suffering may be anticipated. At $13.97, which is the middle band of the Bollinger band, the coin was rejected. The Bollinger band appears to be approaching its breaking point. This would inevitably drive the price down below SOL’s current support level of $13.10. With a bearish crossover, RSI values also confirm the upcoming decline. In addition to confirming the present price trend, the money flow index gives the bears further strength. The EMA ribbon is also bearish as it prevents further upward movement. With SOL’s volatility and Sharpe’s ratio at all-time highs, a move below $13.10 and a possible short-term break of the 78.60 Fib level is possible. Bearish But Yet Acceptable Despite extremely negative market conditions, SOL’s NFT market domination and market capitalization have increased. As of this writing, SOL’s market cap has decreased from yesterday’s 0.62 percent to today’s 0.61 percent, but this is still a positive sign for the future. Despite this, investors and traders should be cautious with SOL and monitor the market condition. Currently, a short position at the current market price would generate profits for investors and traders. Related Reading: Dogecoin Rises: Over 60% Of Holders Continue To Profit Despite FTX Nightmare SOL total market cap at $4.9 billion on the daily chart | Featured image from Business 2 Community, Chart: TradingView.com