Is Crypto.com next on the US exchange hit list? - cyptoranking.com

2024-05-06

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City officials claimed that 649,000 personal digital yuan wallets have been opened in Huizhou thus far. Officers suspect the detainees, all apparently Brazilian nationals, of “robbery” and “extortion”-related offenses. Is Crypto.com next on the US exchange hit list?APT / Tether US 1D (Source: TradingView) Regulatory Concerns: The need for effective regulation in the cryptocurrency field is one of the key reasons for Hong Kong's caution. The Hong Kong Monetary Authority (HKMA) is concerned about the possible risks of retail stablecoins, which include money laundering, fraud, and consumer protection issues. Their widespread acceptance has been hampered by the lack of a robust regulatory framework.

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“Data streams is a very efficient specialized tool for derivatives,” Nazarov explains. “That’s basically low latency data. And that’s something that has now gone live on to production with the first big user of data streams, GMX.” The failure of the bears to sink Bitcoin’s price below $25,000 support ignited buying interest last week. The positive momentum picked up further at the start of the new week, and buyers are trying to sustain Bitcoin’s (BTC) price above $27,000.Market participants seem to be buoyant on expectations that the Federal Reserve will not hike rates again this year. The CME FedWatch Tool shows a 58% probability that the Fed funds rate will remain at the current level even in the December meeting.Daily cryptocurrency market performance. Source: Coin360That could be one of the reasons why the strength in the United States Dollar Index (DXY) has not adversely impacted the price of Bitcoin. However, traders need to be careful, as the last 10 days in September are known to favor the bears. According to the Carson Group, the S&P 500 Index (SPX) has been positive on average only for two days between Sept. 20 and 30 since 1950.Could Bitcoin and select altcoins extend their recovery further, or will bears pull the price lower? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index broke above the moving averages on Sept. 14, but the bulls could not keep up the momentum and clear the overhead hurdle at the downtrend line.SPX daily chart. Source: TradingViewThe bears sold aggressively at the downtrend line and pulled the price back below the moving averages on Sept. 15. Sellers will try to further strengthen their position by pulling the price below the next support.If bulls want to gain the upper hand, they will have to quickly drive the price above the downtrend line. There is a minor resistance at 4,542, but if this level is crossed, the index could sprint toward 4,607.U.S. Dollar Index price analysisThe U.S. Dollar Index has continued to grind higher in the past few days, but it is likely to face stiff resistance at 106.DXY daily chart. Source: TradingViewIf buyers do not allow the price to dip below the 20-day exponential moving average (EMA) at 104, it will enhance the prospects of a rally above 106. If that happens, the index could pick up momentum and soar to 108.Alternatively, if the price turns down sharply from 106, it will suggest that bears are defending this level aggressively. A drop below the 20-day EMA could sink the price to the 50-day simple moving average (SMA) of 102. That could keep the price stuck between 101 and 106 for some more time.Bitcoin price analysisBitcoin has maintained above the 20-day EMA ($26,394) since Sept. 14, indicating that the bulls have flipped the level into support. Buyers are trying to strengthen their position further by pushing the price above the 50-day SMA ($27,255).BTC/USDT daily chart. Source: TradingViewThe bears are expected to pose a strong challenge in the zone between the 50-day SMA and the overhead resistance at $28,143. If the price turns down sharply from this zone, it will indicate that the BTC/USDT pair may stay range-bound between $24,800 and $28,143 for a few days.On the other hand, if bulls drive the price above $28,143, it will clear the path for $30,000 and $31,000 as the next targets. Overall, time is running out for the bears. If they want to regain control, they will have to quickly yank the price back below the 20-day EMA. Ether price analysisAfter struggling near the 20-day EMA ($1,639) for the past few days, the bulls succeeded in pushing Ether (ETH) above the overhead resistance on Sept. 18.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA is flattening out and the relative strength index (RSI) is near the midpoint, indicating that the bulls are on a comeback. If buyers sustain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,712) and thereafter to $1,750. A break above this level will signal a short-term double bottom. The pattern target of this bullish setup is $1,959.However, the bears are likely to have other plans. They will try to tug the price back below the 20-day EMA and trap the aggressive bulls. A break below $1,600 could start a downward move toward presumably strong support at $1,531.BNB price analysisBNB (BNB) rose above the 20-day EMA ($215) on Sept. 17, indicating that the bearish momentum is weakening. The price could next reach the 50-day SMA ($224).BNB/USDT daily chart. Source: TradingViewThe bears are likely to offer stiff resistance in the zone between the 50-day SMA and $235. If the price turns down from this zone, it will signal that the BNB/USDT pair could remain range-bound between $200 and $235 for a while. The flattish 20-day EMA and the RSI near the midpoint also suggest a consolidation in the near term.Instead, if the bears sink the price below the 20-day EMA, the pair could again retest the vital support near $200. The repeated retest of a support level within a short interval tends to weaken it. If this level cracks, the pair may tumble to $183.XRP price analysisXRP’s (XRP) recovery is facing selling near the 20-day EMA ($0.50), but the bulls have not given up and are trying to push the price above the resistance.XRP/USDT daily chart. Source: TradingViewIf buyers kick the price above the 20-day EMA, the XRP/USDT pair could attempt a rally to $0.56. This level could prove to be a difficult barrier for the bulls to overcome.Contrarily, if the price turns down from the current level, it will suggest that the bears are fiercely protecting the 20-day EMA. There is a minor support at the uptrend line but if this level cracks, the pair risks sliding to $0.45 and eventually to $0.41.Cardano price analysisCardano (ADA) continues to be squeezed between the 20-day EMA ($0.25) and the critical support at $0.24. This tight-range trading is unlikely to continue for long, and a breakout may be around the corner.ADA/USDT daily chart. Source: TradingViewThe positive divergence on the RSI suggests that the selling pressure is reducing. If the uncertainty resolves to the upside, it will pave the way for a possible rally to the overhead resistance at $0.28. On the contrary, if the price plummets below $0.24, it will signal that the bears have asserted their supremacy. That could signal the start of the next leg of the downtrend. The ADA/USDT pair may then slump to $0.22.Related: BTC price hits $27.4K as Bitcoin open interest matches Grayscale peakDogecoin price analysisDogecoin (DOGE) has been stuck between the 20-day EMA ($0.06) and the horizontal support at $0.06 for the past few days.DOGE/USDT daily chart. Source: TradingViewGenerally, a squeeze in volatility is followed by a range expansion. If the DOGE/USDT pair soars and closes above the 20-day EMA, it will suggest that bulls are attempting a comeback. The pair could then rally to $0.07. Buyers will have to overcome this roadblock to start an up move to $0.08.This positive view will be invalidated if the price turns down and dives below the $0.06 support. That could pull the price down to the next support at $0.055. The bulls are expected to guard this level with vigor.Toncoin price analysisThe long wick on Toncoin’s (TON) Sept. 16 and 17 candlesticks shows that traders are booking profits near the overhead resistance at $2.59.TON/USDT daily chart. Source: TradingViewThe overbought level on the RSI suggests a possible correction or range formation in the near term. However, the bulls have not given up and are again trying to propel the TON price above $2.59. If they can pull it off, TON/USDT could pick up momentum and skyrocket to $3.The important support to watch for on the downside is $2.25. If this level gives way, the pair could start a deeper correction to the next support at $2.07.Solana price analysisAfter trading near the 20-day EMA ($19.47) for the past few days, Solana (SOL) broke above the resistance on Sept. 18.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is flattening out and the RSI is near the midpoint, indicating that the bears may be losing their grip. Buyers will try to cement their position further by pushing the price to the overhead resistance at $22.30. This level is likely to attract sellers.If the bulls fail to hold the price above the 20-day EMA, it will suggest that bears are selling at higher levels. The first support on the downside is $18.50, and if this level is violated, SOL risks descending toward the next major support at $17.33. 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. How to Buy USDT with PayPal (2023) - DatawalletThe company will expand on Gorbunova’s research on the long life spans and cancer resistance of naked mole rats and examine whether a compound found in the rats could improve human lifespan. When asked whether the estimated price level would stick, Hayes agreed that a 70% to 90% drawdown would occur in BTC price, just like it has after each bull market.

Hong Kong police warned users of the scam in an Oct. 9 post to its Facebook page dubbed “CyberDefender.” “Convenient and novel forms of cross-border payment can optimize the payment experience for overseas tourists coming to China. This will further drive the Chinese retail market.” Eye-Popping Projection for $3T Crypto Market Underpins ...Image Source: UnsplashItalian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. The Panerai digital passport will serve as a record containing detailed information about each timepiece, establishing its digital identity and providing proof of authenticity at the time of purchase.To implement this blockchain-powered digital passport, Panerai has partnered with Arianee, a Web3 solutions provider. The luxury brand will showcase this initiative at the upcoming Watches and Wonders fair in Shanghai.The transferable nature of the passport allows it to be passed on to subsequent owners, documenting the watch's technical specifications and its journey throughout its lifespan. Panerai's NFT Passport Extends International Limited Warranty Panerai's NFT passport offers an additional advantage to holders by extending the international limited warranty of their watch for up to eight years, incentivizing registration. The company, with its 163-year heritage, anticipates that this functionality will open doors to "further value-added services and advantages."Panerai initially integrated Arianee's technology in March 2022 for a limited edition of its Radiomir Eilean Experience watch. This exclusive release included a one-of-a-kind NFT artwork and featured evolving content, with the digital passport playing a role in the artistic and experiential aspect of the offering. At that time, Panerai expressed its intention to expand the digital passport functionality to all its watches. Now, with the broader rollout, the focus is on the utility and enhanced customer experience, aligning with the luxury industry's current Web3 outlook.“Committed to elevating the client experience, we continually adapt and innovate to align with the changing times,” Panerai CEO Jean Marc Pontroué, said in a statement. “We firmly believe that digital identities are poised to transform possession of valuable assets, enabling our clients to trace the lifecycle of their watches, prove authenticity, and benefit from bespoke services tailored to each timepiece.”Watch owners can claim their digital passports either at the time of purchase from Panerai boutiques or by scanning a QR code on the warranty card. Arianee has established strong ties with the luxury watch industry, having collaborated with watchmaker Breitling on digital IDs as early as 2020. The company also works with renowned brands such as L'Oreal, Moncler, Lacoste, and the Richemont Group as a whole.Luxury Brands Adopt NFTs to Fight CounterfeitingPanerai's new feature comes as luxury brands are increasingly turning to NFTs to ensure the legitimacy of products. As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.The Aura Consortium's blockchain technology enables customers to verify products by accessing a digital certificate of authenticity. Customers can tap their smartphones on items like Maison Margiela Tabi shoes, which contain embedded NFC chips. The chip then directs the phone to a website where the company provides an authenticity certificate, along with information about the product's origin. Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback? The funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Investors Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch also participated, as well as Web3 firms Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.

Iris Energy Limited is set to increase its self-mining capacity by a whopping 25%, up from 5.6 exahashes per second (EH/s) to 7.0 EH/s by acquiring 1.4 EH/s of the latest-generation Bitmain S21 miners, a strategic partnership with Bitmain Technologies Delaware Limited. He takes the area around $72,000-$74,000 in the median area of the channel (gray) as his target. Top Crypto Predictions to Watch Out For in 2023The play-to-earn blockchain game, Axie Infinity, experienced a notable decrease in its average monthly users since January 2022. At that time, Axie Infinity attracted an average of 2.78 million monthly users. By June 2022, this number fell to 958,044. While the move has garnered varied responses, Alfred pointed out that it is “a big deal,” as Biden mentioned, because it means “Bitcoin will appreciate.” While the lines are not as straight to draw, the statement by Alfred mirrors the implied correlation between the U.S. government’s policies and Bitcoin price actions.

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