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Crypto Exchange Bit Mart Hacked; Nearly $200 Million Reported Missing
It’s happened again, folks. Another crypto exchange hack is in the books. This time, the alleged victim is Bit Mart, which appears to have lost $150 million in digital currency funds at the time of writing, though some firms – such as Peck Shield, a blockchain analytics company – believe the company may have lost closer to $200 million.
Bit Mart Has Been CompromisedPeck Shield was the first entity to notice the breach. Analysts saw that around $100 million in crypto was missing through the exchange from the Ethereum blockchain, while another $96 million was allegedly stolen through the Binance smart chain. There were approximately 20 different tokens taken, including Shiba Inu coin and Safe Moon.
It’s happened again, folks. Another crypto exchange hack is in the books. This time, the alleged victim is Bit Mart, which appears to have lost $150 million in digital currency funds at the time of writing, though some firms – such as Peck Shield, a blockchain analytics company – believe the company may have lost closer to $200 million.
Bit Mart Has Been CompromisedPeck Shield was the first entity to notice the breach. Analysts saw that around $100 million in crypto was missing through the exchange from the Ethereum blockchain, while another $96 million was allegedly stolen through the Binance smart chain. There were approximately 20 different tokens taken, including Shiba Inu coin and Safe Moon.
Massive Insider Selling Rocks Coinbase $COIN Stocks Following Crypto Market Slump
All may not be well at the camp of Coinbase, the first crypto exchange company to go public, as fresh reports of insider selling to the tune of millions of dollars worth of $COIN shares have now saturated the crypto media space. This would make for the third time allegations of insider selling are hurled against Coinbase. Back in 2017, the company was accused of aiding the rush for the then launched Bitcoin rival, Bitcoin Cash ($BCH) after news of its debut on the platform leaked to the public before launch day, driving prices as high as $8000.
The most recent report came last year when key investors and top officials within the company reportedly dumped over $4.6billion worth of shares on the public while advocating for more patronage at a TV station, two weeks after a successful $COIN public listing.
All may not be well at the camp of Coinbase, the first crypto exchange company to go public, as fresh reports of insider selling to the tune of millions of dollars worth of $COIN shares have now saturated the crypto media space. This would make for the third time allegations of insider selling are hurled against Coinbase. Back in 2017, the company was accused of aiding the rush for the then launched Bitcoin rival, Bitcoin Cash ($BCH) after news of its debut on the platform leaked to the public before launch day, driving prices as high as $8000.
The most recent report came last year when key investors and top officials within the company reportedly dumped over $4.6billion worth of shares on the public while advocating for more patronage at a TV station, two weeks after a successful $COIN public listing.
Under-the-Radar Decentralized Finance Altcoin Rallies Over 100% in Less Than a Day As Ecosystem Explodes
One overlooked altcoin has put in an incredible move, doubling in less than a day while most of the crypto market corrects.
Injective Protocol (INJ) is a decentralized exchange (DEX) that offers margin trading, derivatives and other services on an extensive cross-chain platform.
The project has optimized connections to the main Ethereum (ETH) chain while being backed by a Cosmos-enabled layer-2 sidechain infrastructure. Injective’s architecture also allows for zero gas fees while also controlling network congestion.
One overlooked altcoin has put in an incredible move, doubling in less than a day while most of the crypto market corrects.
Injective Protocol (INJ) is a decentralized exchange (DEX) that offers margin trading, derivatives and other services on an extensive cross-chain platform.
The project has optimized connections to the main Ethereum (ETH) chain while being backed by a Cosmos-enabled layer-2 sidechain infrastructure. Injective’s architecture also allows for zero gas fees while also controlling network congestion.
Knox Wire’s New Decentralised System to Facilitate Instant Payments
Knox Wire is set to empower the financial industry with a global real-time gross settlement system. The network’s focus helps address two major aspects of communication and cross-border payments between financial institutions.
Knox Wire could pose as a direct competition to other existing payment solutions such as SWIFT and Ripplenet.
The Underlying FeaturesFinancial platforms such as investment firms and banks face several challenges in their interbank operations. High transaction fees and slow execution periods are among the issues clients encounter today. On other occasions, financial platforms have limited access to transaction information once a transfer is complete.
Knox Wire’s technology looks forward to dealing with these problems using its decentralized payment infrastructure. The network supports informational messages which display the details of a completed transaction. Thus, financial bodies can exchange transactional information encrypted with session keys.
Knox Wire is set to empower the financial industry with a global real-time gross settlement system. The network’s focus helps address two major aspects of communication and cross-border payments between financial institutions.
Knox Wire could pose as a direct competition to other existing payment solutions such as SWIFT and Ripplenet.
The Underlying FeaturesFinancial platforms such as investment firms and banks face several challenges in their interbank operations. High transaction fees and slow execution periods are among the issues clients encounter today. On other occasions, financial platforms have limited access to transaction information once a transfer is complete.
Knox Wire’s technology looks forward to dealing with these problems using its decentralized payment infrastructure. The network supports informational messages which display the details of a completed transaction. Thus, financial bodies can exchange transactional information encrypted with session keys.
Blockchain education protocol Proof of Learn unveils multichain ‘learn-to-earn’ game
Proof of Learn, a blockchain-based education platform, has unveiled its first project called Metacrafters, a multichain learn-to-earn game that teaches users to write smart contracts and build on-chain.
The mission of Proof of Learn is to build a platform that makes high-tech education accessible to people all over the world – and to give employers transparent access to students’ skill sets.
On Proof of Learn, students put their learned vocational skills into practice as they progress. Moreover, it incentivizes learning by offering students cryptocurrency and NFTs upon mastering new skills.
Proof of Learn, a blockchain-based education platform, has unveiled its first project called Metacrafters, a multichain learn-to-earn game that teaches users to write smart contracts and build on-chain.
The mission of Proof of Learn is to build a platform that makes high-tech education accessible to people all over the world – and to give employers transparent access to students’ skill sets.
On Proof of Learn, students put their learned vocational skills into practice as they progress. Moreover, it incentivizes learning by offering students cryptocurrency and NFTs upon mastering new skills.
Is Ethereum Better For Online Gambling Than Bitcoin ?
While Bitcoin has had pretenders to its throne ever since that throne was constructed, it’s really only in the recent past that any of the plethora of coins have begun to stand out. The recent moves made by Ethereum have certainly demonstrated that it’s being taken very seriously on the crypto front – after all, most NFTs are hosted on the Ethereum blockchain.
So it seems reasonable to ask whether (and where) ETH may surpass BTC as crypto assets become an increasingly vocal part of the conversation. While the older coin may have the eternal advantage of being the more tried and tested asset, Ethereum certainly seems to be making ground in a number of areas, of which casino betting is increasingly felt to be one.
While Bitcoin has had pretenders to its throne ever since that throne was constructed, it’s really only in the recent past that any of the plethora of coins have begun to stand out. The recent moves made by Ethereum have certainly demonstrated that it’s being taken very seriously on the crypto front – after all, most NFTs are hosted on the Ethereum blockchain.
So it seems reasonable to ask whether (and where) ETH may surpass BTC as crypto assets become an increasingly vocal part of the conversation. While the older coin may have the eternal advantage of being the more tried and tested asset, Ethereum certainly seems to be making ground in a number of areas, of which casino betting is increasingly felt to be one.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
American Restaurant Chain Chipotle Starts Accepting Crypto Payments In The US
Merchants, corporations, and Fashion houses have decided to bet on crypto and innovation. Chipotle is the latest merchant to join this train as it now accepts crypto payments.
Chipotle Now Accepts Crypto With The Help Of FlexaA leading restaurant chain renowned for its Mexican cuisine, Chipotle Mexican Grill (CMG), now accepts crypto payments for meals. Digital payments network Flexa revealed this in a blog post on Wednesday.
Flexa revealed that the partnership means customers can now purchase some of their favorite Mexican meals using a wide variety of crypto assets supported by Flexa, which currently numbers 98, including Bitcoin, Ether, and Dogecoin. Additionally, the option to pay in crypto will be available in all 2,975 plus Chipotle outlets in the US.
Merchants, corporations, and Fashion houses have decided to bet on crypto and innovation. Chipotle is the latest merchant to join this train as it now accepts crypto payments.
Chipotle Now Accepts Crypto With The Help Of FlexaA leading restaurant chain renowned for its Mexican cuisine, Chipotle Mexican Grill (CMG), now accepts crypto payments for meals. Digital payments network Flexa revealed this in a blog post on Wednesday.
Flexa revealed that the partnership means customers can now purchase some of their favorite Mexican meals using a wide variety of crypto assets supported by Flexa, which currently numbers 98, including Bitcoin, Ether, and Dogecoin. Additionally, the option to pay in crypto will be available in all 2,975 plus Chipotle outlets in the US.
Analyst Bullish on Chainlink (LINK), Says Ethereum (ETH) and One Small-Cap Altcoin Could Be Ready for Rallies
Popular crypto analyst Michaël van de Poppe is updating his price targets for a trio of altcoins, including Ethereum (ETH).
Van de Poppe tells his 614,600 Twitter followers that oracle network Chainlink (LINK) is currently at an opportune price.
“Chainlink at $6-8 is still an opportunity of a lifetime.”
Popular crypto analyst Michaël van de Poppe is updating his price targets for a trio of altcoins, including Ethereum (ETH).
Van de Poppe tells his 614,600 Twitter followers that oracle network Chainlink (LINK) is currently at an opportune price.
“Chainlink at $6-8 is still an opportunity of a lifetime.”
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After the Ethereum network’s Total Terminal Difficulty (TTD) hits 58750000000000000000000, the chain will fully transition into a PoS blockchain after starting out as a proof-of-work (PoW) blockchain.
The Merge Has a New Execution Date
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After the Ethereum network’s Total Terminal Difficulty (TTD) hits 58750000000000000000000, the chain will fully transition into a PoS blockchain after starting out as a proof-of-work (PoW) blockchain.
The Merge Has a New Execution Date
Huobi Global Delists Seven Crypto Tokens Including Monero And Zcash
In a statement uploaded on Monday, leading cryptocurrency exchange Huobi has announced that the firm will be delisting seven crypto tokens to comply with regulations in different countries.
Huobi Delists Seven Crypto Tokens
In a detailed statement, Huobi outlined that the exchange will suspend trading on seven crypto tokens notably Monero (XMR), decred (DCR), firo (FIRO), Verge (XVG), Zcash (ZEC), Dash (DASH), and Horizen (ZEN). The exchange will cease trading on the following crypto tokens starting from September 19.
In a statement uploaded on Monday, leading cryptocurrency exchange Huobi has announced that the firm will be delisting seven crypto tokens to comply with regulations in different countries.
Huobi Delists Seven Crypto Tokens
In a detailed statement, Huobi outlined that the exchange will suspend trading on seven crypto tokens notably Monero (XMR), decred (DCR), firo (FIRO), Verge (XVG), Zcash (ZEC), Dash (DASH), and Horizen (ZEN). The exchange will cease trading on the following crypto tokens starting from September 19.
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief.
Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’Bank of America CEO Brian Moynihan said at the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., last week that the U.S. economy is in good shape despite inflation, jittery markets, and international tensions, Bloomberg reported.
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is doing well and consumers are in good shape. “The consumers basically have more money in their accounts by multiples than they did pre-pandemic,” said the Bank of America chief.
Bank of America’s CEO: US Economy Is in ‘Pretty Good Shape’Bank of America CEO Brian Moynihan said at the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., last week that the U.S. economy is in good shape despite inflation, jittery markets, and international tensions, Bloomberg reported.
Australia’s Financial Regulator Places Interim Stop Orders On Three Funds Tracking BTC, ETH, and FLC
Australia’s top financial regulator temporarily suspends Holon Investments’ Bitcoin, Ethereum and Filecoin funds.The suspension is due to non-compliance with the required standards in filing its target market determinations.The improved cryptocurrency regulation comes as the financial watchdog expanded its team and jurisdiction last month.As Australia’s crypto regulation tightens, virtual asset management firm Holon Investments comes in the Australian Securities and Investments Commission (ASIC) crosshairs.
ASIC has placed temporary stop orders on Holon Investments Australia Limited cryptocurrency-related funds about to be offered to its retail investors. The regulatory body, in its announcement on Monday, cited a regulatory breach with the company’s target market determination (TMD) filings.
Australia’s top financial regulator temporarily suspends Holon Investments’ Bitcoin, Ethereum and Filecoin funds.The suspension is due to non-compliance with the required standards in filing its target market determinations.The improved cryptocurrency regulation comes as the financial watchdog expanded its team and jurisdiction last month.As Australia’s crypto regulation tightens, virtual asset management firm Holon Investments comes in the Australian Securities and Investments Commission (ASIC) crosshairs.
ASIC has placed temporary stop orders on Holon Investments Australia Limited cryptocurrency-related funds about to be offered to its retail investors. The regulatory body, in its announcement on Monday, cited a regulatory breach with the company’s target market determination (TMD) filings.
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also spotted a “substantial estimate for unreported buying.” A report published on Nov. 22 now says the mystery gold buyer is likely China, and it further alleged that the country “bought a substantial amount of gold from Russia.”
The Third Quarter’s Mystery Gold Buyer Is Likely China, Market Analyst SaysAccording to a report published by Japan’s Nikkei news outlet, China is suspected of stockpiling gold to “cut greenback dependence.” Nikkei’s report follows the recent study published by the World Gold Council (WGC) that shows a large amount of gold purchased by the world’s central banks last quarter.
At the time, the WGC report further noted, “unreported buying” and a mystery buyer that acquired substantial amounts of the precious metal. However, the WGC’s quarterly report does not disclose the mystery gold buyer’s identity.
During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also spotted a “substantial estimate for unreported buying.” A report published on Nov. 22 now says the mystery gold buyer is likely China, and it further alleged that the country “bought a substantial amount of gold from Russia.”
The Third Quarter’s Mystery Gold Buyer Is Likely China, Market Analyst SaysAccording to a report published by Japan’s Nikkei news outlet, China is suspected of stockpiling gold to “cut greenback dependence.” Nikkei’s report follows the recent study published by the World Gold Council (WGC) that shows a large amount of gold purchased by the world’s central banks last quarter.
At the time, the WGC report further noted, “unreported buying” and a mystery buyer that acquired substantial amounts of the precious metal. However, the WGC’s quarterly report does not disclose the mystery gold buyer’s identity.
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023.
Crypto Brokers Told to Comply With Existing Laws Until Final Regulations Are IssuedThe U.S. Department of the Treasury and the Internal Revenue Service (IRS) are delaying an obligation for digital asset brokers to start tracking and reporting proceeds from customer transactions. The respective provision was introduced with the Infrastructure Investment and Jobs Act, which was signed into law in late 2021, and was scheduled to enter into force on Jan. 1, 2023.
The main purpose of the requirement, imposing on the crypto sector the regulations that currently apply to securities brokers, was to increase tax revenues from coin trading by revealing gains from such operations in a 1099 form.
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023.
Crypto Brokers Told to Comply With Existing Laws Until Final Regulations Are IssuedThe U.S. Department of the Treasury and the Internal Revenue Service (IRS) are delaying an obligation for digital asset brokers to start tracking and reporting proceeds from customer transactions. The respective provision was introduced with the Infrastructure Investment and Jobs Act, which was signed into law in late 2021, and was scheduled to enter into force on Jan. 1, 2023.
The main purpose of the requirement, imposing on the crypto sector the regulations that currently apply to securities brokers, was to increase tax revenues from coin trading by revealing gains from such operations in a 1099 form.
Ripple Price Analysis: Bulls Struggle Below $0.36
Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3400 to avoid more downsides in the near term.
Ripple Price AnalysisThis past week, ripple price saw a bearish reaction below the $0.3900 zone against the US Dollar. The XRP/USD pair declined below the $0.3780 support zone to move into a bearish zone.
The price even traded below the $0.3700 level. Finally, there was a move below the $0.3600 level. The price traded as low as $0.3350 before there was an upside correction. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.3966 swing high to $0.3350 low.
Ripple price is struggling below $0.370 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3400 to avoid more downsides in the near term.
Ripple Price AnalysisThis past week, ripple price saw a bearish reaction below the $0.3900 zone against the US Dollar. The XRP/USD pair declined below the $0.3780 support zone to move into a bearish zone.
The price even traded below the $0.3700 level. Finally, there was a move below the $0.3600 level. The price traded as low as $0.3350 before there was an upside correction. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.3966 swing high to $0.3350 low.