FTX CEO says company engaged in ‘old-fashioned embezzlement’ under SBF
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The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.
The engineering team has more updates about the work completed in November The continuing work on the Oasis Wallet — Web saw version 1.4 released last month with improvements to usability, security, and performance. There was also an important security update for the Oasis Wallet – Browser Extension. The overall network health remains good, with…
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In a win for crypto app developers, incoming EU laws will force Apple to permit alternative app stores and apps without the need to go through its App Store.
U.S. Congressman Tom Emmer has called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to testify before Congress and “answer questions about the cost of his regulatory failures.” The lawmaker stressed: “Gensler has repeatedly dodged Congress at the expense of investors … leaving us to learn about the SEC’s crypto investigations, […]
Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short-term. Bitcoin was able to clear the $17,450 and $17,500 resistance levels. The price is trading above $17,500 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $17,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower, but dips might be limited below the $17,500 support zone. Bitcoin Price Rallies 5% Bitcoin price remained strong above the $16,800 support zone. BTC formed a base and started a fresh increase above the $17,000 resistance zone and the 100 hourly simple moving average. The price gained bullish momentum after the US CPI release (+7.1%) and rallied above the $17,500 resistance zone. There was a break above a key contracting triangle with resistance near $17,240 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $17,500 and the 100 hourly simple moving average. A high was formed near $18,070 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the recent rally from the $17,090 low to $18,070 high. However, the bulls were active above the $17,500 support zone. It remained stable above the 50% Fib retracement level of the recent rally from the $17,090 low to $18,070 high. On the upside, an immediate resistance is near the $17,850 level. The first major resistance is near the $18,000 zone, above which the price may perhaps rise towards the $18,250 zone. Source: BTCUSD on TradingView.com The next major resistance is near $18,500, above which the price start a steady increase and rise towards the $19,200 zone in the near term. Dips Supported in BTC? If bitcoin fails to clear the $17,850 resistance, there could be a downside correction. An immediate support on the downside is near the $17,580 level. The next major support is near the $17,500 zone. A downside break below the $17,500 support might call a drop towards $17,200 or the 100 hourly simple moving average. Any more losses might push the price towards the $17,000 zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $17,500, followed by $17,200. Major Resistance Levels – $17,850, $18,000 and $18,500. Featured Image from iStock
Why is a sizable number of people ignoring Ethereum DEXes in favor of CEXes? Rumors about Binance being insolvent are floating around CT. And regardless of the fact that these rumors are probably just that, rumors, Binance (or any other centralized exchange) should have never had this much power over the market. Binance is technically…
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Toincoin is trading at $2.30, gaining 10.61% in 24 hours. The price change in this period is 0.3172. The 24-hour low is $2.05, while the 24-hour high is $2.37. Despite the recent events in the crypto space, TON has enjoyed a positive price surge today, recording gains in a volatile crypto market. Related Reading: SEC Charges SBF Of Allegedly Conducting Fraud Schemes The trading volume is up by 40% at $66,552,790. According to CoinMarketCap, its market capitalization stands at $2,808,494,330. TON is currently ranked number 22 on the crypto market list showing massive investor attention. Its affiliation with Telegram has also helped the project to soar in popularity even if it has been rebranded. Although the TON coin is still some way off its all-time high value of $5.84, it has enjoyed a positive week and might close 2022 on a high note. What Is Behind Toncoin’s Price Gains? Toncoin is a decentralized blockchain (layer-1) built by the developers of the popular social messaging app Telegram. Toncoin utilizes a proof-of-stake mechanism which has increased its adoption time. This mechanism encourages investors to profit by staking their tokens for rewards rather than going through the rigors of mining. Toncoin price has seemingly surged due to investors rekindling their interest in the project. The Network uses sharding to operate its blockchains and is efficient and scalable. While the crypto winter has persisted and with the dip in bitcoin, investors are looking to diversify. Also, the general crypto market has seen little gains in the last two weeks despite investors’ fears. TON Likely To Sustain Its Rally TON’s support levels of 1.123 and 1.572 have been held. TON has broken through the resistance level of 1.835 with 2.998, the next level it will likely surpass. Overtaking the next resistance level will launch Toncoin into a full bull run. TON is currently trading above its 50-day and 200-day SMA. This shows that the assets’ short-term and long-term price movements are positive. The formation of long green candles on the chart’s right side indicates the bullish pressure. The RSI reading is firmly in the overbought region at 72.48, meaning the asset is giving off a strong buy signal for investors. The MACD (Moving Average Convergence/Divergence) is above its signal line and displays the positive price movement on the chart. TON will likely sustain this pressure and finish the year strong if the bulls don’t back out or a major market capitulation. Most crypto assets have fluctuated in the past weeks but are slowly beginning to show signs of life. Related Reading: Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out? Toncoin’s usability, scalability, and fast transaction times will likely see its increased adoption in the coming months.
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