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XRP bulls demonstrate strength at key level, but should you buy now

admin2022-10-13T07:30:28+00:00

If you have been keenly following up on XRP and the Ripple-SEC legal battle, then you will be pleased with the latest developments. More importantly, XRP investors might receive another confidence following the latest judicial ruling. According to recent reports, the judge presiding over the case has allowed multiple third parties to join the lawsuit. SEC had reportedly objected to this outcome because the approved parties are inclined towards Ripple. #XRPCommunity

Cardano holders can expect this from ADA in the coming days

admin2022-10-12T20:30:08+00:00

Cardano’s ADA is going through the motions once again as the bears continue to dominate the crypto market. The Cryptocurrency managed to slide to its lowest year-to-date levels this week. More downside might be on the way according to Cardano head, Charles Hoskinson. The Cardano founder and IOHK CEO acknowledged that the crypto market conditions have been tough for the last few months. He also stated that the short-term environment will be rough but held up an optimistic long-term outlook....

Bulllish RSI Divergence Set Hedera Price Rally To Hit $0.084

admin2022-10-12T18:04:49+00:00

Published 41 mins ago A bullish reversal from the $0.056 support hints at the formation of a double-bottom pattern. Moreover, this bullish pattern is quite well known at the market bottom and bolsters a strong bullish rally upon the breakout of its neckline resistance. However, the Hedera price currently trades at the $0.065 mark and gives a massive breakout from the $0.064 resistance. This development should encourage buyers for a bull run to $0.0844 neckline resistance. 

Key points: 

The $0.0844 resistance...

Can FLOW course correct as new developments rack up

admin2022-10-12T13:30:23+00:00

Traders and investors that have FLOW in their portfolio or watchlist may have noticed its affinity for the downside. Interestingly, FLOW is among the blockchains that have remained heavily active even during the bear market. But are the development milestones weighty enough to influence a bullish relief? Earlier this week, FLOW highlighted numerous Australian projects currently building on its blockchain network. Its latest announcement revealed the launch of a new digital toys platform called Cryptoys. The latter will allow users to...

Polkadot’s development activity has some tips for its short-term traders

admin2022-10-12T07:30:01+00:00

The Polkadot network provided updates on their ongoing efforts in a recent tweet. The tweet demonstrated the network’s activity with the inclusion of information regarding the parachain teams, ecosystem projects, and infrastructure providers. The Moonbeam Cross-Consensus Message Format (XCM) SDK was announced as part of the update. Developers in the Polkadot/Kusama ecosystem can use the Moonbeam XCM SDK to quickly and easily transfer assets between the relay chain and Moonbeam/Moonriver. Important as it...

Reasons ApeCoin traders can expect further losses over the next two weeks

admin2022-10-11T22:30:33+00:00

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The higher timeframe structure flipped to bearish as $5.35 poses stern opposition With the APE supply high, another wave of selling seemed imminent ApeCoin [APE] did not have a great start to September. A week into the month and the price crashed below the $4.6 support to test $4.2. Since then, buyers had the upper hand. The rally that followed rose to...

Understanding Art Gobblers: The Mechanics of Justin Roiland’s New NFT Collection Unpacked

admin2022-10-11T22:03:42+00:00

Key Takeaways

Rick and Morty co-creator Justin Roiland and crypto investment firm Paradigm are launching an NFT collection called Art Gobblers. Gobblers essentially serve as decentralized art galleries. The collection’s tokenomics, however, seem to reward early Gobbler owners at the detriment of future investors.

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Art Gobblers is expected to launch in twenty days. While the new Factory NFT collection markets itself as a self-sustaining art ecosystem, its tokenomics appear to reward early adopters disproportionately.  

Decentralized Art Galleries

A new kind of NFT collection...

Bittrex Fined $30M for Sanctions Violations

admin2022-10-11T15:19:08+00:00

Key Takeaways

Bittrex has settled with the U.S. Treasury over allegations that it violated OFAC sanctions. The Treasury alleges Bittrex carried out the supposed violations between 2014 and 2017. While the Treasury fine is substantial, a number of mitigating factors were considered.

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Bittrex has been fined $30 million for sanctions violations. While the Treasury cited the relative smallness of the transactions and Bittrex’s cooperation as mitigating factors, the company is still taking a hit.

Enforcement Action

Bittrex will pay $30 million in...