The Synthetix flat market trend started on the 20th of August when the market touched a support level of $2.712678, the next day 21st of August was followed by a very bullish market day. The 21st day of August did not show any sign of bearish activities. That means that full control of the market …
Monthly archives: September 2022
Chiliz Price Analysis for 2nd of September: CHZ/USD Appears to Be Consolidating Above the $0.1963414 Support
CHZ/USD may have started a ranging market as the price refuse to rise above the $0.2500000 resistance level. The 9-day moving average has caught up with the price actions. Also, the 21-day moving average is about to catch up with the price action. Currently, the 21-day moving average is touching the lower shadow of today’s …
EOS Price Analysis for 2nd of September: EOS/USD Finds New High Support at $1.3747481
After the price had risen to the height of $1.8391929, EOS/USD retraced a lower level. At the end of the brief price rebound which took the price to its new support level on the 31st of August and the 1st of September, a bullish engulfing pattern candlestick forms to signal the end of the downtrend. …
Cardano Creator Charles Hoskinson Clarifies Crypto Project’s Position on Burning ADA To Reduce Supply
The creator of smart contract platform Cardano (ADA) is clearing the air on the crypto project’s stance on burning tokens. In response to a social media user who had accused him of “ignorance,” Charles Hoskinson says that burning coins is tantamount to destroying other people’s property. Hoskinson says there aren’t any ADA reserves available to …
Top Crypto Trader Updates Outlook on Solana, Polkadot, and One Ethereum Rival Newly Listed on Coinbase
A popular analyst is updating his price targets for a trio of crypto assets as the markets conclude a rocky week of trading. The pseudonymous trader Altcoin Sherpa plots out several Fibonacci levels for smart contract platform Solana (SOL), telling his 182,400 Twitter followers that he could see the altcoin briefly rising to $36.60 before …
Trust in crypto remains strong despite bear market: Bitstamp survey
The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange. Despite the downward market, global trust in cryptocurrencies like Bitcoin (BTC) remains mostly unshakable, Bitstamp said in its latest Crypto Pulse report. The study is based on a survey …
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CEL climbs 50% as Celsius Network aims to return $50M to clients
The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network’s inclination to return a portion of the locked funds to its customers. No CEL-ling pressure for now On the daily chart, CEL surged to its intraday high of $1.67 per token on Sept. 2 after lows of $1.15 the day …
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El Salvador Bitcoin bond delayed due to security concerns: Tether CTO
El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again. The Bitcoin bond, also known as the Volcanic bond, or Volcanic token, was first announced in November 2021 as a way to issue tokenized bonds and raise …
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Bitcoin squeeze to $23K still open as crypto market cap holds key support
Bitcoin (BTC) returned to $20,000 on Sept. 2 amid renewed bets on a “short squeeze” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $20,700 short squeeze trigger Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from another dip below the $20,000 mark on the day, continuing rangebound behavior. The pair gave …
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Why is LUNC Going Up – 1.2% Token Burn, Terra Classic Price Prediction
It has happened. Terra Luna Classic has officially reached its all-time high. After the Terra crash incident arrived, many gave up on this token. But there were those that stood by it, willing to hold the line and long it for big gains. Now their efforts and patience have bear fruit. So why is LUNC …
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Kyber Network Exploited for $265,000
Kyber Network identified and fixed a vulnerability in the front-end. The attacker managed to steal $265,000 through malicious code that was discreetly inserted into the Google Tag Manager. The Kyber Network team has promised to reimburse victims. Kyber Network has revealed that it has been the victim of an exploit that saw $265,000 stolen. The …
Celsius Network Files To Return A Portion Of Funds Back To Its Users
Celsius Network is returning a fraction of user funds back The firm has filed to return 22%, nearly $48 million worth of assets back to their users. In the filing filed with New York Bankruptcy Court, the troubled crypto lender stated that it seeks to return 22% of the funds to its users, which amount …
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Terra LUNA Classic continues astonishing come back with 2,400% gains over last 7 days
Terra LUNA Classic (LUNC) continues climbing higher amid plans to revive the chain and tempt investors back. Since August 26, LUNC spiked as high as $0.00031131, equating to more than 2,400% gains. However, bull exhaustion has now set in, with LUNC giving up all of today’s gains and reverting back below the previous day’s close. …
Crypto Ads in Thailand Must Feature Clear Investment Warnings, New Regulations Require
Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations also prohibit businesses in the industry from making misleading or exaggerated claims. Securities Watchdog Adopts Stricter Advertising Rules for Crypto Platforms in Thailand Thailand’s Securities and Exchange Commission (SEC) has …
Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program
The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that are expected to help the Digital Dollar Project “explore technical …
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