FTX woes: 'I'm waiting to get ?2,000 back from crypto giant' - cyptoranking.com

2024-04-28

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The fundraising campaign initiated by Selkis and Rooz has garnered worldwide attention and support. Their hands-on approach has not only facilitated efficient aid distribution but has also served as a beacon of hope and unity during trying times. Their actions underscore the profound impact that individuals and businesses can have when they come together for a greater good in the realm of digital asset aid. Bankman-Fried never ended up winding down Alameda Research because it owed $14 billion to FTX, Wang testified. When Wang told Bankman-Fried that Alameda was borrowing too much to be shut down, Wang testified that Bankman-Fried simply replied, "Acknowledged." FTX woes: 'I'm waiting to get ?2,000 back from crypto giant'In 2021, Instadapp raised $10 million in a funding round led by Standard Crypto, and contributions from DeFi Alliance, Longhash Ventures, and Andre Cronje.Unlocking Cross-Chain Liquid Staking with StaFi’s Chainlink Integration Bill Morgan, a lawyer and digital assets enthusiast, has disagreed with a negative opinion regarding Ethereum. Using a suggestive tone, Morgan declined that Ethereum looks sick and has failed in many ways.

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How to Calculate if My Investment FTX attacker has been forced to change their tactics of converting their illicit Ethereum holdings into Bitcoin. This move was in response to THORChain-based THORSwap’s decision to transition into maintenance mode. How To Make Cryptocurrency SustainableOne could argue that the recent 10.6% retracement merely reflects an adjustment to the overexcitement triggered by the testnet launch. However, other factors may have contributed to investors' worsening sentiment towards Polygon. For instance, Polygon’s ZK subnet, zkEVM, has lagged behind competitors in terms of activity and deposits. Bitcoin (BTC) is attempting to trade above $27,000 in a positive sign. In the past few days, Bitcoin’s price held above $26,000 in adverse conditions as the U.S. Dollar Index rose sharply and the S&P 500 index was plunging. This suggests that selling dries up at lower levels.The decision by the United States Securities and Exchange Commission to delay the applications for multiple spot Bitcoin exchange-traded funds (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view of Bitcoin. Bloomberg ETF analyst James Seyffart believes that the regulator took an early decision because of the risk of a U.S. government shutdown on Oct. 1.Daily cryptocurrency market performance. Source: Coin360Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisAfter struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sept. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).BTC/USDT daily chart. Source: TradingViewThe moving averages are on the verge of a bullish crossover, and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500, but it is likely to be crossed. The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.On the downside, the $26,000 level is important to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.Ether price analysisEther (ETH) climbed and closed above the 20-day EMA ($1,622) on Sept. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sept. 29.ETH/USDT daily chart. Source: TradingViewThe bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.BNB price analysisBNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.XRP price analysisBuyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sept. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sept. 29.XRP/USDT daily chart. Source: TradingViewIf the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.Contrarily, if the price turns down and reenters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.Cardano price analysisThe bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sept. 29, which shows that the bears are losing their grip.ADA/USDT daily chart. Source: TradingViewA break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.Dogecoin price analysisDogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.If bears want to prevent the upside, they must quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.Solana price analysisSolana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.SOL/USDT daily chart. Source: TradingViewThe bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.Related: Why is Ether (ETH) price up today?Toncoin price analysisToncoin (TON) rebounded off the 20-day EMA ($2.13) on Sept. 27, indicating that the sentiment remains positive and traders are buying on dips. TON/USDT daily chart. Source: TradingViewThe long wick on the Sept. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA. Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.Polkadot price analysisThe failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.DOT/USDT daily chart. Source: TradingViewBuyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.Polygon price analysisPolygon (MATIC) turned up from $0.50 on Sept. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.MATIC/USDT daily chart. Source: TradingViewThe positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Specifically, 76% of bitcoin’s total supply is now held by individuals who have not transacted in over 155 days. This could imply a reduced availability of bitcoin for active trading, Ark said. Decentralized stablecoin protocol Reserve has launched on the Coinbase-incubated Layer 2 network Base, its first deployment beyond the Ethereum mainnet, according to a statement. The protocol holds a total value locked of $24 million on Ethereum. How to Buy Bitcoin Without ID in 2021Ray-Ban Smart Glasses 2.0 However, the Accumulation/Distribution Line (ADL) reads a value of 10.7M, and then the line seems to be heading downward. This shows that BTC’s uptrend has no volume to support. Hence BTC may fall and test the $25.3K support level.

Meta Platforms, formerly known as Facebook, has announced its latest foray into the metaverse with the unveiling of the Quest 3 mixed-reality headset and a new generation of Ray-Ban smart glasses. Image by Sergei Tokmakov, Esq. https://Terms.Law from PixabayToday, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term "bank" in describing their services. The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can operate as banks in Hong Kong."Under the Banking Ordinance, only licensed banks, restricted license banks and deposit-taking companies, which have been granted a license by the HKMA can carry out banking or deposit-taking business in Hong Kong," the HKMA clarified in its statement.Crypto companies are also not allowed to compare their services to traditional banking services, nor can they encourage customers to open "banking accounts" or label their offerings as "deposits."Regulatory Actions on Misleading Crypto CompaniesThis alert from the HKMA follows another from the Hong Kong Securities and Futures Commission (SFC) targeting a crypto trading platform known as JPEX. The SFC criticized JPEX for using terms like "crypto 'deposits,' 'savings,' or 'earnings,' which are not permitted under the SFC's oversight framework for crypto trading platforms."The SFC also rebuked JPEX for portraying itself as a licensed entity, despite not having applied for or received any such license.In a similar vein, back in August, the SFC warned the public about unlicensed crypto platforms that were involved in questionable activities. According to the SFC, platforms that claim to have applied for licenses "may not be in compliance with the legal and regulatory requirements under the new regime."Misrepresenting a company as a licensed entity when it has not received authorization is also an offense, much like the misuse of the term "bank" by crypto companies.The Changing Landscape of Hong Kong Crypto RegulationEarlier this year, Hong Kong made several moves to become more welcoming to crypto businesses, including the initiation of a Central Bank Digital Currency (CBDC) trial. Yet, as these recent warnings indicate, the authorities are taking a balanced approach to crypto regulation, ensuring that companies do not mislead the public or operate outside the bounds of established regulations.In short, while Hong Kong has made efforts to become more accommodating to crypto businesses, the recent actions by HKMA and SFC show that they are not letting their guard down in terms of crypto regulations. The authorities are diligently working to ensure that the public is not misled by companies operating in the hong kong crypto market.US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6% BREAKING: Coinbase May Launch Offshore Derivatives Exchange Next WeekInstadapp has $1.8 billion of value locked in its smart contracts, according to DefiLlama, making it the 10th biggest DeFi platform across all blockchains. Pig butchering is a type of modus operandi when scammers cultivate trust with their victims before ultimately pressing them to deposit more of their cryptocurrency holdings into fake digital wallets or websites owned by the scammer.

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