In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking […]
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“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.
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The NFT market is down more than 90% from its peak. That means that many investors are holding on to worthless JPEGs that they no longer want. If you find yourself in this shitty situation, there’s a silver lining —By selling your NFT at a loss before the end of the year, you can potentially…
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Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda.
DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency. Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet…
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PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein. This […]
The Algorand price has been positive over the last 24 hours. Despite minor gains, the altcoin has been moving north. There have been many updates in Algorand’s ecosystem, which might have brought in a slight appreciation in price. As bulls slowly return to the market, investor interest has also shot up accordingly. The technical outlook of ALGO has depicted that the buyers were dominating the market at the time of writing. Recently, Algorand’s developments have made it compatible with Cardano, which has created more liquidity injection into the ecosystem. This development could encourage venture capitalists to inject more liquidity into Algorand, thereby reflecting positively on its price. Algorand price depicts positive predictions, but it must be remembered that ALGO’s ecosystem is developing. ALGO’s price appreciation is a matter of time as more applications get developed on the platform. For ALGO to topple above the $0.26 resistance mark, buyers have to garner further strength. Related Reading: Metaverse Token Axie Infinity (AXS) Suddenly Pumps 25% – What’s Happening? Algorand Price Analysis: One-Day Chart ALGO was auctioning for $0.24 on the one-day chart after it noted a 1.9% appreciation. At the current moment, it can be said that Algorand is consolidating below its immediate resistance of $0.26. A move above the aforementioned price level will ensure that the altcoin can rally to $0.31. Algorand will lose its current support level unless buying strength increases significantly. In such a case, the nearest support floor for the altcoin was $0.22. The amount of Algorand traded in the last session noted a substantial increase, which indicated that buying strength was shooting up. Technical Analysis Buyers’ interest has returned to the market as the altcoin has started to climb on its chart. The Relative Strength Index spent most of the month in the selling zone, but there had been a recovery on the indicator at press time. For ALGO to touch $0.26, the RSI has to travel above the 50-mark. Similarly, although the Algorand price was progressing upward, it was still below the 20-Simple Moving Average line. With slight accumulation, Algorand would topple above the 20-SMA line. Sellers are currently driving the price momentum. Institutional interest has noted a positive change over the past few trading sessions. There was a downtick in the Chaikin Money Flow, which depicts the capital inflows and outflows. Despite the downtick, CMF was still positive. If capital inflows are to remain above the half-line, demand for ALGO cannot waver. Moving Average Convergence Divergence indicates price momentum and trend change. MACD formed green signal bars after noting a bullish crossover, which meant buyers could act on it and possibly make gains. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% Featured image from VOI, Chart: TradingView.com
