The Legislative Council of Hong Kong passed legislation that will soon open up virtual assets to retail investors, and local financial services are lining up for licensing approval.
Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks, has argued. Philion insists that the lack of such secure solutions has constrained the […]
submitted by /u/Far-Scholar9028 [link] [comments]
The Ethereum co-founder expects to reach a new milestone for rollups this year.
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake.
December proved to be the month with the least crypto stolen in 2022, although there were still 23 major incidents, according to CertiK.
submitted by /u/Electrical_Potato_21 [link] [comments]
Pretty much the title. After the FTX collapse everyone has been running to deposit all their crypto into the hard wallet, including myself. But now it's been a couple of months since then, and the big exchanges are not collapsing. The FUD on Binance is wearing out, and in other big exchanges as well. I…
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Maybe you remember this too, but around two years ago now there was a guy who talked about how his friend worked in the cyber security business and how he lost all his crypto by casually scrolling through the internet and seeing an ad by "Metamask" clicking on it and logging on. I am talking…
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Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance. Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250. Ethereum Price Still In Range Ethereum price attempted an upside break above the $1,210 zone. ETH faced resistance below $1,220 and remained in a bearish zone, similar to bitcoin. A high was formed near $1,205 and there was a bearish reaction. The price traded as low as $1,192 and remained in a range. The price is now moving higher above $1,195. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low. Ether price is now trading below $1,200 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD. An immediate resistance is near the $1,200 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the recent decline from the $1,205 swing high to $1,192 low. The next major resistance is near the $1,210 level. The first major resistance is near $1,220. A close above the $1,220 resistance could start a decent upward move. In the stated case, the price may perhaps rise towards the $1,250 resistance. The next major resistance could be $1,270, above which the price might rise towards the $1,300 resistance zone. Fresh Decline in ETH? If ethereum fails to climb above the $1,210 resistance, it could start another drop. An initial support on the downside is near the $1,195 level and the trend line. The next major support is near the $1,185 level. A downside break below $1,185 might send the price towards the $1,150 support. Any more losses might call for a test of the $1,120 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,185 Major Resistance Level – $1,210
