Blog – Page 67

Anticipating Shiba Inu’s [SHIB] likely path after this breakdown

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Shiba Inu took a u-turn from its 200 EMA as it failed to alter the long-term narrative. The meme crypto’s 30-day MVRV and Open Interest aligned with the corresponding price decline. (For brevity, SHIB prices are multiplied by 1,000 from here on) Shiba Inu [SHIB] sellers expressed their willingness to invalidate the recently found buying rally on its daily chart. The meme-token failed...

Elon Musk Sells $3.95 B Tesla Shares, Stock Plummets

Tesla Founder and CEO, Elon Musk, has sold 19.5 million shares of Tesla. The filings from the Securities and Exchange Commission reveal that Musk has sold over $3.95 Billion. So far, Musk has not explained the reason for this sale. However, Tesla’s stock continues to struggle. It fell by 2.93% in the last 24 hours and fell a further 0.68% in the after-hours.

Why Is Elon Musk Selling Tesla Shares

Elon Musk is currently handling a smooth transition of power at...

Polygon ($MATIC) Adds 46 Million Addresses in Six Months as It Outperforms Wider Crypto Market

The Polygon ($MATIC) network, an Ethereum layer-2 scaling solution, has added over 46 million new addresses to its network over the past six months while the price of its native token, used to pay for transactions fees and secure the network via staking, has been outperforming the...

Can the CZ-SBF tussle lead to BNB setting out on a losing streak? Assessing…

Following the back and forth of allegations and denials, Binance Coin [BNB] could be at the verge of a further decrease. This was because unexpected transfers from dormant addresses suddenly occurred in the wake of an open feud between Changpneng Zhao (CZ) and Sam Bankman-Fried (SBF). Interestingly, there was hardly a see-through of the impact on BNB until a tweet by Lookonchain emerged. Someone is selling $BNB!

U.S. Treasury Sanctions Tornado Cash (Again)

Key Takeaways

The U.S. Treasury and its OFAC department have redesignated the sanctioned coin mixer Tornado Cash. The Treasury related the new sanctions to its broader efforts to defund North Korea's WMD programs. Tornado Cash was first sanctioned in August, while a September update clarified the scope of the sanctions.

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The U.S. Treasury has imposed new sanctions on Tornado Cash, alleging its use by the North Korean government.

Tornado Cash Re-Sanctioned

Ethereum’s top mixing protocol has been sanctioned once again.In a press...

$XRP-Focused Investment Product Inflows Surge as Investors See SEC’s Case Against Ripple ‘Increasingly Fragile’

Cryptocurrency investment products offering investors exposure to $XRP have recently seen significant inflows, at a time in which the U.S. Securities and Exchange Commission’s (SEC) case against Ripple and two of its executives is being seen as “increasingly fragile” by investors. According to data from CoinShares’ latest Digital...

CAKE’s drop below $4.3 could mean this for investors in the coming week

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. CAKE’s streak of higher highs and troughs plateaued in its high liquidity region. The crypto’s funding rates unveiled an increased bearish edge over the past day. PancakeSwap’s [CAKE] trendline resistance (white, dashed) signified a solid growth entailing a spree of higher highs and lows over the last four months. The recovery from multi-monthly support in the $2.6 region propelled the alt’s growth toward...

The Bonavia Group introduces new strategies for crypto investment. –

The Bonavia Group is a crypto investment platform that facilitates its users with various techniques. In the latest expansion, the company has improvised its crypto investment strategies and made them available for everyone. The newly introduced strategies by The Bonavia Group facilitate its users with all kinds of options to invest. While it focuses on Blue Chip Cryptocurrencies, they also try to play all the latest Altcoins. When John Bonavia, the founder of The Bonavia Group, started taking Crypto more...

Binance’s FTX.com Acquisition Plunges Market Into Chaos

Key Takeaways

Binance's planned acquisition of FTX has sent markets into turmoil. Tokens backed by FTX and Alameda Research and suffering acutely from the news, especially FTT, which is down about 80% at the time of writing. The news has sparked fears of contagion, the potential extent of which is still unknown.

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The crypto market is coming to grips with the prospect that FTX being acquired by Binance could mean that Sam Bankman-Fried’s exchange and its close collaborator, Alameda Research, are...

Pancakeswap Token Price At A Make-Or-Break Point; Should You Hold?

Published 25 seconds ago The well-known cryptocurrency exchange FTX crashing caused a sudden bloodbath on satoshi street. As a result, the Bitcoin and Ethereum price are down 10-15%, and the major altcoin is painted in heavy red. Moreover, the Pancakeswap token price hints at breaking its steady uptrend with the loss of the rising support trendline.

Key points:

The volatile Pancakeswap token price attempts to break its five-month-long support trendine The coin holders lose the crucial EMA support of 20, 50, and...