Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s liquidators to pay back over $291 million to cover the scam operation’s debts. Liquidators’ Influence Liquidators of the South African bitcoin Ponzi scheme, Mirror Trading International (MTI), have issued summonses against eighteen individuals believed to […]
The past year I became relatively entrenched in crypto. I would check the charts constantly, along with research and spending way too much time doing so. At a certain point, I had a large portion of my savings invested and began wondering if everyone was in some sort of fever dream. New coins were coming…
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Sentiment analysis run across a year’s worth of tweets has found that Ethereum is Twitter’s least favorite cryptocurrency of five studied, while Dogecoin received the most affection.
Ethereum gained bearish momentum below $2,000 against the US Dollar. ETH even traded below $2,000 and remains at a risk of more losses. Ethereum started a fresh decline below $2,100 and $2,000. The price is now trading below $2,100 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if there is a close below the $2,000 support. Ethereum Price Breaks $2K Ethereum failed to extend the recovery wave above the $2,400 level. ETH started another decline and traded below the $2,320 support zone. There was a break below a key bullish trend line with support near $2,250 on the hourly chart of ETH/USD. The pair tumbled below the $2,200 and $2,100 levels. Ether price even broke the $2,000 support zone and settled below the 100 hourly simple moving average. It traded towards $1,950 and is currently showing signs of more losses. If there is a recovery wave, the price might face resistance near the $2,050 level. The 23.6% Fib retracement level of the recent decline from the $2,451 swing high to $1,939 low is also near $2,060. The first major resistance is near the $2,150 level. The main resistance is now forming near the $2,220 level. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $2,451 swing high to $1,939 low is also near $2,200. A close above the $2,200 level could open the doors for a decent increase. In the stated case, ether price might rise towards the $2,350 resistance. More Losses in ETH? If ethereum fails to recover above the $2,200 resistance, it could continue to move down. An initial support on the downside is near the $1,940 zone. The next major support is near the $1,880 level. A daily close below the $2,000 level might spark more losses below $1,880. In the stated case, the price could dive towards the $1,700 level. The next major support might be near the $1,550 and $1,500 levels in the near term. 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 well below the 40 level. Major Support Level – $1,880 Major Resistance Level – $2,200
I just took a trip over to r/terraluna and I have to say, most of us are hurting right now but those people literally lost everything. There is post after posts of users actively contemplating suicide after losing everything. I know it’s easy to dunk on their terrible Lead as all of Kwon’s tweets are…
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The trio’s launch marks the first crypto ETFs to go live in Australia, with two of them focused on offering exposure to BTC and the other focused on ETH.
So… I mistakenly sent myself a good amount of USDC from Coinbase to my Coinbase wallet, thinking I had additional functionality on the wallet. I only paid some $9 to send it to my wallet, but to send it back to my Coinbase it wanted me to spend $50+ which I thought was ridiculous. So…
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So I have been thinking of buying a small amount of ethereum to try it out and as I was researching I found out that If you hold for more than a year then the tax is lower. Does this still apply if I send. So if a where to buy in metamask and keep…
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Stock prices are supported by something in the real world – corporate assets and earnings. Crypto prices are supported entirely by investor (speculator) confidence. I think a lot of whales and little guys have been massively burned over the last 6 months. The little guys don't have money to put in now and have lost…
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The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings […]
