FASB Recommends New Cryptocurrency Accounting ... - cyptoranking.com

2024-04-27

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With hints of a bond market recovery and the prospect of regulatory clarity in the crypto space, we could see brighter days ahead. As we approach the festive season, the potential for a Santa rally rekindles the type of hope and momentum that ignites the crypto market. While some challenges may loom, history teaches us that sometimes, it gets worse before it gets better. We are working on publishing source for metamask users to obtain their key if they have not already. The issue appears to be with Netlify, but we are still working through it. https://t.co/uYGxJkzGfj FASB Recommends New Cryptocurrency Accounting ...Wyatt suggests blockchain will likely best fit in games where money doesn’t influence outcomes, but enhances the ecosystem itself. “Where you actually are leveraging these UGC ecosystems and digital ownership is where the beauty is.” The grants program is Arbitrum’s second attempt to incentivize development on the network after a first iteration received community backlash. The high volume of proposals up for vote presents an experiment in how engaged the Arbitrum community can be.

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Choosing Chainlink CCIP as the go-to interoperability solution was a strategic decision by StaFi. The primary reasons for this choice include: Exit scams continue to make headlines, with an announcement in March that Optimism was also believed to be responsible for an exit scam in which $4 million in user funds were reported stolen, following which the websites and social media accounts associated with the firm were also taken down. What is the best cryptocurrency to invest in right now?People can sign up for a tech Bootcamp or start an online course if they are interested in increasing knowledge in any of the specific skill areas. United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.”Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market.Daily cryptocurrency market performance. Source: Coin360It also looks like the institutional investors have started to warm up to cryptocurrencies. CoinShares’ latest Digital Asset Fund Flows Weekly Report shows inflows of $21 million into digital asset investment products for the first time in six weeks. In this uncertain macro environment, let’s take a look at the charts to determine the next potential move.Bitcoin price analysisBitcoin (BTC) rose above $28,143 on Oct. 2 but the long wick on the candlestick shows the bears are aggressively selling at higher levels. The bears tried to build upon their advantage on Oct. 3 but the bulls held their ground at $27,160.BTC/USDT daily chart. Source: TradingViewThe upsloping 20-day exponential moving average ($26,903) and the relative strength index (RSI) in the positive territory indicate that bulls have the upper hand. Buyers will once again try to clear the overhead resistance at $28,143.A close above this level will complete a short-term double bottom pattern, which has a target objective of $31,486.This positive view will be invalidated if the price once again turns down from the overhead resistance and plummets below the 20-day EMA. That could yank the price to $26,000. The BTC/USDT pair could then continue to consolidate between $24,800 and $28,143 for a while longer.Ether price analysisEther (ETH) turned down sharply from the overhead resistance of $1,746 on Oct. 2, indicating that the bears are fiercely guarding this level.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA ($1,640) is flattening out and the RSI is near the midpoint, indicating a balance between supply and demand. If the price turns up from the current level, the bulls will again try to overcome the obstacle at $1,746. If they can pull it off, the ETH/USDT pair will complete a double bottom pattern, having a target objective of $1,961.On the other hand, if the price continues lower and tumbles below the moving averages, it will suggest that the pair may extend its stay inside the $1,531 to $1,746 range for some more time. BNB price analysisBNB (BNB) jumped above the $220 resistance on Oct. 2 but the bulls could not sustain the breakout as seen from the long wick on the day’s candlestick.BNB/USDT daily chart. Source: TradingViewThe failure of the bulls to maintain the price above the 20-day EMA ($214) is a negative sign. It shows that traders are rushing to the exit. The BNB/USDT pair could next fall to the uptrend line. If the price rebounds off this level, the bulls will again try to push the pair above $220. A close above this resistance could signal the start of an up-move to $235 and thereafter to $250. Instead, if the price breaks below the uptrend line, the pair may decline to the formidable support at $203.XRP price analysisBuyers pushed XRP (XRP) above the symmetrical triangle pattern on Sep. 29 and then foiled several attempts by the bears to pull the price back into the triangle. XRP/USDT daily chart. Source: TradingViewThe bulls will next try to surmount the overhead resistance at $0.56. If they are successful, it will signal the start of a new uptrend. The XRP/USDT pair could then start its journey toward the pattern at $0.66.Conversely, if the price turns down from $0.56 and dives below the uptrend line, it will suggest that the bulls are booking profits. That could keep the pair range-bound between $0.56 and $0.41 for a few more days. Solana price analysisSolana (SOL) has been oscillating inside a large range between $14 and $27.12. The price action of the past few days has resulted in the formation of a potential inverse head and shoulders pattern.SOL/USDT daily chart. Source: TradingViewAlthough setups formed inside a range tend to be less reliable, still they should not be neglected. If the price turns up and breaks above the neckline, the SOL/USDT pair could attempt a rally to $27.12 and eventually to the pattern target of $32.81.The critical support to watch on the downside is the 20-day EMA ($20.95). If the price slides below this level, it will suggest that the bulls have given up. That could open the gates for a possible drop to $17.33.Cardano price analysisCardano (ADA) turned down from $0.27 on Oct. 2 and reached the 20-day EMA ($0.25) on Oct. 4. This is an important level to keep an eye on in the near term.ADA/USDT daily chart. Source: TradingViewIf the price rebounds off the 20-day EMA, it will indicate a change in sentiment from selling on rallies to buying on dips. The bulls will then try to shove the price above $0.27 and start an up-move to $0.29 and later to $0.32.If bears want to prevent the rally, they will have to drag the price below the 20-day EMA. The ADA/USDT pair may then once again descend to the vital support at $0.24. The bulls are likely to protect this level with vigor.Dogecoin price analysisThe bulls pushed Dogecoin (DOGE) above the 50-day SMA ($0.06) on Oct. 2 but could not sustain the higher levels. This suggests that bears are selling on every minor relief rally.DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT pair has reached the formidable support at $0.06. The repeated retest of a support level within a short interval tends to weaken it. If the $0.06 level cracks, the pair may slump to the next major support at $0.055. A minor advantage in favor of the buyers is that the RSI has formed a bullish divergence. This suggests the bears may be losing their grip. The indicators are not providing clarity about the next move. Hence, it is best to wait for the price to close above the 50-day SMA or plunge below $0.06 to place directional bets.Related: Bitcoin traders hope $27K holds as BTC price ignores volatile US dollarToncoin price analysisToncoin (TON) fell below the 20-day EMA ($2.09) on Sep. 30 and the bears thwarted attempts by the bulls to reclaim the level on Oct. 1. TON/USDT daily chart. Source: TradingViewThe bears are trying to solidify their position by sinking the price to the 50-day SMA ($1.86). This level may result in a rebound that is likely to face selling at the 20-day EMA.If the price turns down from this resistance, it will suggest that the sentiment has turned bearish and traders are selling on rallies. That will increase the likelihood of a drop below the 50-day SMA.On the contrary, if the price turns up and surges above the 20-day EMA, it will suggest that the markets have rejected the lower levels. The TON/USDT pair could then rise to $2.32 where the bears will again try to halt the up-move.Polkadot price analysisPolkadot (DOT) turned down sharply from the 50-day SMA ($4.24) on Oct. 2 and broke below the 20-day EMA ($4.10) on Oct. 3.DOT/USDT daily chart. Source: TradingViewThe bears challenged the important support at $3.91 on Oct. 4 but the long tail on the candlestick shows strong buying at lower levels. The RSI has formed a bullish divergence, indicating that the sellers may be losing their grip.If the bulls push the price above the 20-day EMA, it will suggest that the DOT/USDT pair may extend its stay inside the $4.33 to $3.91 range for some more time. The bears will have to sink the price below $3.91 to start the next leg of the downtrend to $3.50.Polygon price analysisAfter witnessing a tough battle between the bulls and the bears near the moving averages, Polygon (MATIC) bounced on Oct. 4, indicating that buyers are trying to take charge.MATIC/USDT daily chart. Source: TradingViewThe bulls are trying to build upon the strength and propel the price above the overhead resistance at $0.60. If they manage to do that, it will signal the start of a sustained recovery. The MATIC/USDT pair could then rise to $0.70.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are active at higher levels. The pair may then retest the crucial support at $0.49. This level is likely to attract solid buying by the bulls.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.

On Saturday, Israelis woke up to a reality they thought they were familiar with: the sounds of alarms to take cover from rockets entering their skies. Quickly, social media showed that this round of fighting seemed different. Network latency, or the delay in data communication between nodes, further complicates matters. Slow network connections can cause errors in transaction order and validation by delaying the propagation of transaction information across the blockchain network. What is the derivative exchange in Malaysia?History would suggest bitcoin’s price could spike in the upcoming halving’s aftermath, industry watchers have said. Matt Lason, chief investment officer at crypto hedge fund Globe 3 Capital, told Blockworks in July that such events “serve as a great reminder for everyone of the power of bitcoin’s monetary policy and the true value of scarcity in an inflationary world.” DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.VitaDAO Launches Biotech Firm to Fight Aging With Naked Mole-Rats

The Galxe protocol is a permissionless self-sovereign identity infrastructure. Its native GAL token fell from $1.20 to $1.15 on Friday, Oct. 6. It reached $1.21 over the weekend with high trading volume through Saturday morning. It had settled at $1.16 at the time of writing, according to CoinGecko.$7,000,000,000 in Illicit or High-Risk Funds Laundered Through Cross-Chain Protocols: Crypto Analytics Firm Despite all of this, the British company Improbable, which was founded eleven years ago, has maintained its position within the gaming industry. According to Herman Narula, the CEO of Improbable, the company felt compelled to reorganize its business functions and move its entire capital into a single arena. The idea was to shift from the concept of creating games to providing experiences that were comparable to games but existed within the concept of the metaverse. 21 Exchanges To Buy Bitcoin In Italy (2023)In the future, we could expect tech firms to figure out innovative solutions. With Facebook joining the hype train, you can be sure everyone is taking notice. In an Oct. 4 statement, the firm attributed the fall to approximately 600 petahashes (per second) of miners dropping offline due to a power utility mandated maintenance outage on Sept. 26.New SRBMiner-Multi 2.3.7 With Dynex (DNX) and Zilliqa (ZIL) Dual-Mining on Nvidia

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