Philippine SEC Exposes Fraudulent 'Abundance-Based' Crypto Investment Scheme - cyptoranking.com

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2024-03-28

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Subsquid’s data lake, a repository for storing and processing massive volumes of structured and unstructured data, comprises 5,000 projects and handles more than 30 billion queries with the goal of becoming Web3’s biggest decentralized data lake. If Ethereum fails to clear the $1,600 resistance, it could continue to move down. Initial support on the downside is near the $1,565 level. The next key support is $1,550. Philippine SEC Exposes Fraudulent 'Abundance-Based' Crypto Investment SchemeAlameda USDT wallets | Source: X (Twitter) The DOTCOM Cycle

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That value would have seen a boost if two major deals hadn’t been canceled, the advisory firm notes. Surging NFT trading volume on the gaming-focused Mythos Chain has seen the network surpass Polygon and Solana to become the second largest blockchain in terms of NFT sales volume over the past 30 days. Best Places to Buy Ethereum for 2023The institution is currently running trials with the participation of 16 major businesses. In September, HSBC issued eHKD to around 200 students and staff at the Hong Kong University of Science and Technology Business School, aiming to test the use of the digital currency. The application-specific rollups Cartesi network which features a Linux runtime has also seen a rise in metrics similar to Bancor that could signal a rise in its native CTSI token. This also spans “High Transaction Volume, Active Addresses, Whale Transactions, Age Destroyed (Consumed)” as pointed out in the post.

Despite the broader decline in the stablecoin market, USDT remains the dominant player in the sector. USDT’s market cap is $83.54 billion, three times higher than its closest rival, USDC, which stands at $25.017 billion. This firmly establishes USDT’s dominance, with a market share of about 67.3%, according to DeFillama data. BTC Price Predicition: $30,000 is Within Reach Crypto.com Eyes Expansion in Europe with New VASP License in SpainThe tweet also accused certain media outlets of serving the interests of these elites by consistently launching unwarranted attacks on XRP, aiming to undermine its value and credibility among the general public. Source / Sam Cooling x PlacidPalacePolygon (MATIC) crypto price has sunk -6% amid broader de-risking in markets, triggered by the conflict between Israel and Hamas - but with MATIC price trading low - is Polygon going to zero?This comes just a week after co-founder Jaynti Kanani revealed he was leaving Polygon ahead of the highly anticipated Polygon 2.0 to explore "new adventures".A major down-shift for Ethereum - which fell below $1,600 yesterday - could be the trigger for the latest drop.MATIC Price Analysis: Can Polygon Recover From -6% Drop?As price action finds relief from localised retracement, MATIC is currently trading at a market price of $0.53 (representing a 24-hour change of +0.34%).The recent -6% slide came as MATIC rejected from consolidation around $0.55 - in a tumultuous tumble that saw price crash down through the 20DMA (which stands at $0.53).TradingView / MATIC USDTWhen MATIC last fell below this moving average support, the 20DMA created a 66-day long period of upside resistance - highlighting the significance of the recent return below the MA.As for the 200DMA - a level untouched by Polygon since April 30 - it remains high above ongoing price action at $0.76.Polygon's indicators surprisingly remain bullish despite the downside move.The RSI has cooled-off during the -6% drop, flipping from bearish divergence to a bullish 45.7 - which reflects the now over-sold sentiment surrounding MATIC.While the MACD maintains minor bullish divergence at 0.0009 - signalling appetite for MATIC at these levels.Overall, Polygon appears weak here, more than a week of consolidation above the 20DMA failed to crack upside resistance at $0.60 - and with price now stuck back below the moving average - further downside seems likely.TradingView / MATIC USDTThis leaves MATIC with an upside target at $0.60 (a possible +13.64%).While downside risk could see MATIC fall to the lower trendline at $0.50 (a possible -5.3%).Polygon's risk: reward ratio therefore stands at 2.57 - a strong entry that suggests Polygon is not going to zero.But while Polygon bag-holders are strapped in for a rocky ride, a new meme coin has emerged with the potential to rival PEPE and SHIB.Meme Kombat (MK): The Next Big Sensation in Meme Coin Space?Source / Meme KombatMeme Kombat (MK) has recently hit the crypto scene and is quickly becoming a sensation, with a fresh and innovative stake-to-mine system, it's gathered an impressive $431,000 in its presale event alone.Powered by AI, Meme Kombat introduces battles between popular meme characters, allowing rival crypto users to wager using its native ERC-20 token, MK.This meme coin is set to redefine the meme coin space, potentially rivalling giants like Pepe and SHIB with its engaging approach and promise of playing on crypto community divisions.Source / Meme KombatWhat Makes Meme Kombat Stands Out?Unique Gaming Mechanism: Beyond simple trading, Meme Kombat offers users an interactive gaming experience. Users can bet on their favorite meme characters in Player vs Player or Player vs Game matchups.Incentivized Staking: Keeping user engagement at the forefront, 30% of MK's total supply is designated for staking rewards, motivating long-term investment and platform interaction.Gaining Rapid Traction: Even before its official launch, the growing interest in Meme Kombat is evident. Their presale has already garnered a notable $310,000, with anticipation building for its listings on major decentralized exchanges like Uniswap.Backed by a Robust Team: Under the leadership of the experienced founder Matt Whiteman, and with an audited smart contract by Coinsult, Meme Kombat guarantees both innovation and security.Promising Roadmap: With plans for platform launch in late Q3 2023, the project promises continuous enhancements. Each new season aims to introduce novel characters and gaming modes, ensuring user engagement remains high.Considering the current traction, innovative gaming approach, and a solid roadmap, Meme Kombat indeed showcases the potential to join the likes of Pepe and SHIB - especially as the GambleFi and GameFi narratives continue to grow.As the meme coin community eagerly awaits its full-fledged launch, the MK presale offers a golden opportunity for early-bird investors.Join the revolution and be part of the next meme coin sensation (stay tuned with the MK Telegram)!Buy Meme Kombat HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.As Snorlax Token Surges By 500%, This Hidden Crypto Treasure Garnered $850,000 – Ready to Explode?

Chart from TradingView. The Bitcoin (BTC) mining business is a live ‘winner-takes-all’ race, with mining companies and pools competing against each other for the discovery of the next valid block that guarantees the right to collect the mining reward of 6.25 BTC plus transaction fees. Recent changes in the hashrate spectrum towards AntPool could further impact Bitcoin network decentralization. How will Dogecoin get to $1?According to the intervention, Rebuilding Society has until 5 p.m. BST on Wednesday to withdraw any prior financial promotion approvals it has granted to unauthorized entities. The FCA has also ordered Rebuilding Society to inform clients using its third-party financial promotions service that it cannot approve content from unauthorized persons or entities. It must also withdraw any advertisements offering its services to approve financial promotions. The decision timeline


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