Farm, trade and grow your CBX in CropBytes metaverse! - cyptoranking.com

2024-05-02

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The advent of the Bitcoin network has led to the evolution of many other altcoins. Although Bitcoin is the guide for the creation of all other altcoins, each of these coins has its own working process. In an effort to raise awareness and prevent others from falling victim to similar scams, Yyctrader recounted the sequence of events that led to his unfortunate predicament. He revealed that the scam began when he was approached by an individual claiming to represent FriendMEX, the trading platform for friend.tech users. Farm, trade and grow your CBX in CropBytes metaverse!Dominance in Market Share Crypto risk management firm Elliptic revealed the total amount of illicit funds laundered through decentralized exchanges (DEXs), cross-chain bridges, and coin swap services has soared to $7 billion.

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Because it is a relatively new virtual platform that is still in the process of being constructed, the real future of the metaverse is essentially in the hands of those individuals who are now constructing it. Source: PixabayBinance has disclosed a collaboration between its Sanctions Investigation Team and Israel’s Ministry of Defense in a counterterrorism operation against Iranian and Hezbollah terrorist groups.A June 29 blog post revealed that this operation aims to track down terrorism financing operations linked to Islamic Revolutionary Guard Corp, Quds Force.This effort demonstrates Binance’s commitment to fostering security in the global crypto and blockchain ecosystem.Binance Sanctions Investigations Team Seize Millions of Dollars Linked to Iran’s Terrorist GroupAccording to the blog post, Binance collaborates with global law enforcement agencies and regulators to fight illicit cyber financial crime and repel bad actors. Through its collaboration with the Israeli defense ministry, Binance aided in seizeing millions of dollars in cryptocurrency stolen by Iran’s Quds Force for terrorism financing. The Binance Sanctions and Counter-Terrorist Financing Investigation team helped identify the terrorist and circumvent their operation.The crypto exchange noted that the team only targets sanctioned entities, not innocent cryptocurrency users. After the recent crackdown, Israel's National Bureau of Counter Terror Financing (NBCTF) and Israeli National Cybercrime Unit commended Binance’s team for contributing to the fight to preserve global security.Also, the Binance team said it is pleased with the successful crackdown against the Iranian Islamic Revolutionary Guard Corps-Quds Force funding. Fight Against Cybercrime and Crypto-related Terror Financing The current cryptocurrency landscape is particularly susceptible to bad actors who hijack innocent user funds for illicit activities.The crime could be partly due to the scanty regulations in the market. However, Binance noted that its team keenly monitors these illicit activities by identifying and flagging operations by sanctioned and suspicious accounts.Keeping the crypto market free from bad players is crucial to facilitating mainstream crypto adoption. According to Binance, “a critical element of keeping the crypto markets open across the globe is ensuring the markets remain clean and free of illicit actors.”This case wasn’t the Binance team's first time working with law enforcement agencies to fight financial crimes. The June 29 blog post revealed that the Binance Investigations team worked on over 47,000 cases with law enforcement agencies. The team disclosed that it has helped freeze and seize over $1 billion in illicit transactions and funds, with $900 million this year alone. To accelerate efforts in mitigating financial and cybercrimes, Binance created a coordinated training program dubbed Law Enforcement Training Program across the globe. The aim is to assist law enforcement agencies and prosecutors in detecting financial crimes and prosecuting bad actors.Cryptocurrency has become a preferred medium used by terrorist groups to launder illicit funds and finance their operations. This is mainly due to the anonymity offered by crypto transactions. A notable example is North Korea's Lazarus Group, a notorious cybercrime organization that steals user funds from crypto firms. So far, Lazarus Group has allegedly stolen billions of dollars in cryptocurrency from different protocols. Law enforcement in various jurisdictions, including the EU, are working to prevent terrorists and criminals from evading anti-money laundering laws using cryptocurrency.Andreessen Horowitz's Crypto Arm to Establish London Office – Next Crypto Hub? How to buy and sell crypto on WazirX?With these new hotspots, which Renski says come in at a lower price point and with easier setup than traditional CBRS cells, Helium is hoping it can move the needle. Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the U.S. Dollar Index (DXY) rose to a new year-to-date high. This is a mildly positive sign, as it shows a lack of aggressive selling at lower levels.Bitcoin remains stuck inside a range, and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,00015,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.Daily cryptocurrency market performance. Source: Coin360The near-term price action remains uncertain, but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 BTC at an average price of $27,053 per Bitcoin.Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average (EMA) ($26,436). The bulls pushed the price above the 20-day EMA on Sept. 27 but could not clear the 50-day simple moving average (SMA) ($26,757).BTC/USDT daily chart. Source: TradingViewThis indicates that the bears have not given up and are selling the rallies to the 50-day SMA. The bears will have to pull the price below $25,990 to clear the path for a potential fall to $24,800. This level is likely to attract solid buying by the bulls.On the upside, the first sign of strength will be a break and close above the 50-day SMA. The BTC/USDT pair may then rise to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to defend this level with all their might.Ether price analysisEther (ETH) is trying to start a recovery. The price rose above the 20-day EMA ($1,614) on Sept. 27, but the bulls could not hold on to the intraday rally. This shows that the higher levels continue to attract sellers.ETH/USDT daily chart. Source: TradingViewThe bullish divergence on the relative strength index (RSI) favors the buyers. If they retain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,668) and thereafter attempt a rally to the overhead resistance at $1,746.Contrary to this assumption, if the price remains below the 20-day EMA, it will suggest that the bears are in command. The sellers will then try to yank the price below the important support at $1,531. If that happens, the pair may crash to $1,368.BNB price analysisBNB (BNB) remains below the breakdown level of $220, but a positive sign is that the bulls have not allowed the price to slip below $203.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they kick the price above $220. The BNB/USDT pair could then ascend to $235.On the contrary, if the price continues lower and breaks below $203, it will signal that the bears have asserted their supremacy. The pair may then start the next leg of the downtrend to the strong support at $183.XRP price analysisBuyers tried to thrust XRP (XRP) above the 20-day EMA ($0.50) on Sept. 25, but the bears held their ground.XRP/USDT daily chart. Source: TradingViewThe price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears. Sellers will try to gain the upper hand by dragging the price below the uptrend line. If they are successful, the XRP/USDT pair may descend to $0.46 and then to $0.41.Contrarily, if the price rises and breaks above the resistance line, it will indicate that bulls are trying to seize control. The pair may then climb to the overhead resistance at $0.56.Cardano price analysisCardano’s ADA (ADA) bounced off the vital support at $0.24 on Sept. 25, but the bulls are struggling to push the price above the 20-day EMA. This may result in more selling.ADA/USDT daily chart. Source: TradingViewThe $0.24 level will likely witness a tough battle between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will complete a bearish descending triangle pattern. The pair may then start a downward move to $0.22 and subsequently to the pattern target of $0.19.Contrary to this assumption, if the price rises and breaks above the downtrend line, it will invalidate the bearish setup. The pair may then start an up-move to $0.29.Dogecoin price analysisThe bears pulled Dogecoin (DOGE) below the $0.06 support on Sept. 26, but the long tail on the candlestick shows buying at lower levels.DOGE/USDT daily chart. Source: TradingViewHowever, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears remain in command. Sellers will make another attempt to sink and sustain the price below $0.06. If they can pull it off, the DOGE/USDT pair may plummet to the next significant support at $0.055.Alternatively, if the price turns up from the current level and rises above the 20-day EMA, it will signal that the bulls are on a comeback. The pair could first rally to $0.07 and thereafter dash toward $0.08.Solana price analysisThe failure of the bulls to propel Solana’s SOL (SOL) above the 20-day EMA ($19.42) in the past few days shows that the bears are aggressively protecting the level.SOL/USDT daily chart. Source: TradingViewThe price has turned down from the 20-day EMA, and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up, and the next stop is likely to be $17.33.On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.Related: Bitcoin price to $30K in October, says analyst as BTC price climbs 2%Toncoin price analysisToncoin (TON) has dropped to the 20-day EMA ($2.11), which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA. TON/USDT daily chart. Source: TradingViewHere too, the bulls purchased the fall to the 20-day EMA on Sept. 27, but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA ($1.76).Polkadot price analysisPolkadot’s DOT (DOT) has remained stuck below the 20-day EMA ($4.10) for the past several days, suggesting that the bears are fiercely defending the level.DOT/USDT daily chart. Source: TradingViewThe RSI is showing signs of forming a bullish divergence, but the buyers will have to clear the overhead hurdle at $4.22 to reduce the selling pressure. If that does not happen, the risk of a further fall remains.If the DOT/USDT pair continues lower and skids below the immediate support at $3.91, it will indicate the start of the next leg of the downtrend. The next support on the downside is at $3.58.Polygon price analysisPolygon’s MATIC (MATIC) bounced off the critical support at $0.51 on Sept. 25, but the bulls could not push the price above the 20-day EMA ($0.53). MATIC/USDT daily chart. Source: TradingViewThis suggests that the sentiment remains negative, and traders are selling on rallies. The bears will try to sink the price below the Sept. 11 intraday low of $0.49. A collapse of this support will indicate the resumption of the downtrend.A minor ray of hope for the bulls is that the RSI is forming a bullish divergence. Buyers will have to drive and sustain the price above the 20-day EMA to signal the start of a sustained recovery. The MATIC/USDT pair could then rally to the 50-day SMA ($0.56).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.

The Backed team currently has nine tokenized products including tokenized equities and fixed income. According to data from DeFiLlama, the project currently boasts over $46 million in total value locked (TVL). August PCE Inflation Data: Federal Reserve's Key Measure Dips, Easing Market Concerns How to Buy Dogecoin 2022Aptos (APT), and Ape Coin (APE) are all scheduled to undergo large token unlocks in the next week. Additionally, transaction volumes and active users on Ethereum have dropped over the past year as the broader crypto market has slumped. This lower demand for block space reduces competition for transactions, allowing fees to drop.

Analyzing the 4-hour chart, it is evident that the price has predominantly followed a downward trend, forming a descending wedge pattern. However, ETH recently reached the crucial support level of $1.5K and found support, leading to a period of sideways movement within this range. Meanwhile, the Federal Reserve has yet to reach a decision on the creation of a digital currency. “The Federal Reserve has made no decision on issuing a central bank digital currency (CBDC) and would only proceed with the issuance of a CBDC with an authorizing law,” its website states. How To Buy Cryptocurrency-Forbes Advisor UK-InvestingHowever, Ripple’s monthly token unlocks create extra selling pressure on XRP holders, which requires a constantly increased demand to overcome the inflating supply. This directly affects XRP’s ability to reward its investors in the long run, as previously reported by Finbold regarding the digital asset price projection in case XRP reaches its all-time high market cap. While at first $20 million seems like a staggering amount to lose in a week, looking at the percentage loss of under 5% makes it more reasonable — and examining the contents of this portfolio such a loss seems unexpectedly low. Buterin’s portfolio is almost completely comprised of Ethereum, which makes up over $391 million of his assets, with the rest being minor quantities of various tokens.

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