Two Indian brothers have pleaded innocent to the insider trading charges leveled against them by U.S prosecutors. The brothers, Ishan Wahi, a former Coinbase Global […]
For the fourth straight session, Decentraland has shown up and has seen a surge of nearly 2%. More so, MANA’s fourth day exhibited a price spike trading above $1. Metaverse has been picking up steam especially since Facebook was revamped to Meta. Prior to that, Decentraland has always been extremely popular, especially for those who are into the virtual world but have grown tired of child play. The Popularity Of Decentraland MANA Basically, Decentraland was geared towards teenagers and adults who are looking to socialize, build, and earn with virtual land. All the virtual lands and assets seen in Decentraland can be bought with the MANA token. Virtual real estate has also been very in-demand and MANA has been consistently shaping its virtual environment to provide sophisticated and breathtaking experiences for users where they are in complete command of their own virtual worlds. Decentraland has become immensely popular and powerful that many giant companies like Samsung, Adidas, and Atari have also bought their virtual real estate properties right on Decentraland. In addition, Decentraland has also entered partnerships and secured funding from companies like Genesis One Capital, George Burke, Boost VC, Animoca Brand; and the like. However, despite partnerships and support from many popular brands, MANA still suffered some low blows in the last few months as it dipped by as much as 70% but was able to recuperate by 12% in July. Decentraland Looking Bullish; Targets $1.5 Looking at the daily chart, there is a good chance that the price boost that MANA is experiencing will go on for the next trading sessions. Moreover, it shows a long-term upward trend. In fact, the Decentraland price target is $1.5 next. Judging by the Williams Alligator trend, it shows a retrace on the upside which means that MANA will move towards August with a bullish move. However, that analysis may be refuted if the price will decline below $0.84 which signals a bullish standpoint. Decentraland is looking bullish since Friday. The token is currently down by 6.31% on its five-day high and higher by 13.87% compared to its five-day low that registered at $0.8460. Currently, MANA price is sliced in the middle of the support and resistance zone, with resistance found at $0.9997 and the support zone set at $0.9359. Moreover, Decentraland has been trading on low volumes quite recently which signals that today’s trading volume is much lower than the coin’s average volume seen in the past week. MANA total market cap at $1.91 billion on the weekend chart | Source: TradingView.com Featured image from VOI, chart from TradingView.com
XRP recorded unprecedented activity as trading volumes nearly hit 18 billion XRP in a single day.
The former Coinbase employee and his brother have been arrested for insider trading at least 25 cryptocurrencies, but another defendant is still at large.
Bitcoin (BTC) mining difficulty is expected to adjust downwards by about 4.5% during the next adjustment window, on July 21 at around 7 p.m.
The post Bitcoin mining difficulty expected to see largest drop since China ban appeared first on CryptoSlate.
This is a nightmare most altcoins will likely face supposing Congress does not provide regulatory clarity on crypto that spells out the position of the asset class in the general financial market.
In collaboration with Amsterdam Decentralized and Westergas, Bitcoin Magazine is taking its signature Bitcoin Conference event to Europe this October.
No matter whether you are a beginner or an expert investor, one of your biggest priorities in trading will likely be finding the correct entry…
The post Overbought vs. Oversold Signals appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
The Federal Reserve is acting on behalf of commercial banking interests to crush asset prices. Can bitcoin compete in a world of coordinated inflation?
The US Department of Justice has filed charges against a former product manager at leading NFT marketplace OpenSea for wire fraud and money laundering in what the DoJ called the “first-ever digital asset insider trading scheme.” The DoJ alleges that the former executive broke the trust of the NFT marketplace by illegally profiting from confidential […]
The use of NFTs has continued to grow in popularity. In 2021 itself, NFTs made a net profit of more than $5 billion through token […]
The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it. The banker and entrepreneur will not set foot in a cell. Why was anyone expecting otherwise, though? Related Reading | Arthur Hayes’ Crystal Ball Predicts: Bitcoin And Ethereum To See Carnage In June The top federal prosecutor in Manhattan, Damian Williams, commented in a statement that Hayes “allowed BitMEX to operate as a platform in the shadows of the financial markets.” That’s according to Bloomberg, publication that summarizes the situation as: “On Friday a federal judge sentenced Hayes to two years’ probation, after Hayes and BitMEX’s other founders were charged in 2020 with violating the Bank Secrecy Act, which requires the establishment of such safeguards, including verifying the identities of an exchange’s customers.” His company, BitMEX, also “agreed to pay $100 million to settle civil allegations that it allowed illegal trades for years and violated rules requiring anti-money-laundering programs, without admitting to or denying the claims.” Some people are completely against the sentence, as they believe it sets a dark precedent. Objections To Arthur Hayes’ Sentence The publication quotes assistant US Attorney Samuel Raymond, who told US District Judge John Koeltl. “This is a very serious offense. There were real consequences. When individuals like Mr. Hayes operate platforms without anti-money-laundering programs or know-your-customer programs, they become a magnet for people to launder money.” Considering criminals are highly incentivized to circumvent the AML measures and KYC procedures, we can categorically say that John Koeltl’s assumptions are skewed. However, that doesn’t justify not complying with the law. According to Samuel Raymond, not sending Hayes to prison “would send a message to him that the cost of doing business is merely a fine, and he could continue to violate the law for huge amounts and pay any fine.” What About The Other BitMEX Co-Founders? The article is about Hayes, so, it doesn’t go into detail about the others. It summarizes their situation as follows: “Hayes and co-founder Benjamin Delo pleaded guilty in February, and Samuel Reed in March, each agreeing to forfeit $10 million. Delo is scheduled to be sentenced next month and Reed in July.” To close it all off, James Benjamin, Hayes’ lawyer, states the obvious. “Did BitMEX do a perfect and seamless job on its path from startup to a mature fintech company? No, it did not. There were some bumps in the road.” LUNA price chart on FTX | Source: LUNA/USD on TradingView.com Arthur Hayes On The Terra Luna Collapse As many crypto-experts knew, Terra was a disaster waiting to happen. In his latest piece about the Luna collapse, Arthur Hayes tried to explain the underlying problem with algo-stablecoins. Related Reading | BitMEX CEO Arthur Hayes Goes Mum amid CFTC Probe Rumor ”Algorithmic stablecoins are not much different than fiat debt-backed currencies, save for one crucial factor. Terra and others like it cannot force anyone to use UST at any price. They must convince the market with their fancy designs that the governance tokens backing the protocol will have a non-zero value that rises more quickly over time than the amount of fiat-pegged tokens issued.” Obviously, the model failed. The vulnerability was so big that maybe it wasn’t even a coordinated attack. The Terra Luna scheme wasn’t long for this world, in any case. Featured Image by Ichigo121212 from Pixabay | Charts by TradingView
PRTI has discovered a way to demanufacture old car tires, turning them into sources of energy, some of which is then used to mine bitcoin on-site.
In the event of the Bitcoin 2022 conference in Miami on Thursday (07-04-2022), Cash App introduced additional functionality for US subscribers. The revelation is very much about allowing the subscribers to invest a proportion of their direct deposit revenues in Bitcoin automatically (BTC). The panel included athletes Serena Williams, Odell Beckham Jr., and Aaron Rodgers…Read More
A closely followed crypto analyst is giving a bullish forecast for a popular crypto project centered around decentralized data storage. In a new video, pseudonymous Coin Bureau host Guy tells his 1.99 million YouTube subscribers about the rising demand to protect the world’s information from being tampered with. The analyst says that Arweave (AR), a […]
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