EOS Price Analysis: Risk of More Losses Below $1
EOS price is struggling below $1.10 against the US Dollar, similar to bitcoin. The price remains at a risk of a sharp decline below the $1.00 support.
EOS Price AnalysisThis past week, EOS price started a fresh decline below the $1.10 zone against the US Dollar. The price traded below the $1.05 and $1.00 levels to enter a bearish zone.
The pair accelerated lower below the $1.00 support zone and settled well below the 55 simple moving average (4-hours). The recent low was formed near $0.9411 before the price started an upside correction. There was a move above the $1.00 resistance zone.
EOS price is struggling below $1.10 against the US Dollar, similar to bitcoin. The price remains at a risk of a sharp decline below the $1.00 support.
EOS Price AnalysisThis past week, EOS price started a fresh decline below the $1.10 zone against the US Dollar. The price traded below the $1.05 and $1.00 levels to enter a bearish zone.
The pair accelerated lower below the $1.00 support zone and settled well below the 55 simple moving average (4-hours). The recent low was formed near $0.9411 before the price started an upside correction. There was a move above the $1.00 resistance zone.
US DOJ Seizes 7 Seven Domain Names Used in “Pig Butchering” Crypto Schemes
The U.S. Attorney’s Office for the Eastern District of Virginia has seized seven domain names used in committing “pig butchering” cryptocurrency crimes.
According to a Monday statement by the Department of Justice, the crimes have been running from as far back as August 2022, when scammers defrauded five victims in the U.S. using domains spoofed to look like those of the Singapore Monetary Exchange.
“Pig butchering” is a scheme where scammers lure victims on dating apps and social media websites or by sending random messages masquerading as a wrong number. Once trust is established, a victim(pig) is redirected to fraudulent cryptocurrency investment platforms, where they are persuaded to invest before siphoning their funds. This scheme operates along similar principles with traditional scammers who convince victims to invest small amounts into crypto over time before stealing that assets-fattening the pig before butchering it.
The U.S. Attorney’s Office for the Eastern District of Virginia has seized seven domain names used in committing “pig butchering” cryptocurrency crimes.
According to a Monday statement by the Department of Justice, the crimes have been running from as far back as August 2022, when scammers defrauded five victims in the U.S. using domains spoofed to look like those of the Singapore Monetary Exchange.
“Pig butchering” is a scheme where scammers lure victims on dating apps and social media websites or by sending random messages masquerading as a wrong number. Once trust is established, a victim(pig) is redirected to fraudulent cryptocurrency investment platforms, where they are persuaded to invest before siphoning their funds. This scheme operates along similar principles with traditional scammers who convince victims to invest small amounts into crypto over time before stealing that assets-fattening the pig before butchering it.
DOJ Investigating $372,000,000 That Disappeared From FTX Shortly After Bankruptcy: Report
The U.S. Department of Justice (DOJ) is reportedly investigating a $372 million hack on the bankrupt crypto exchange FTX.
Bloomberg Law, citing an anonymous “person familiar with the case,” reports that federal prosecutors have opened up a separate criminal probe into the alleged hack.
The U.S. Department of Justice (DOJ) is reportedly investigating a $372 million hack on the bankrupt crypto exchange FTX.
Bloomberg Law, citing an anonymous “person familiar with the case,” reports that federal prosecutors have opened up a separate criminal probe into the alleged hack.
Cathie Wood’s Ark Invest Says Bitcoin Could Exceed $1 Million By 2030
Ark Invest, the American asset management firm launched by Cathie Wood, presented its take on the future of finance and blockchain technology in its Big Ideas 2023 report. Aside from crypto, the report discussed various exciting technologies, including Molecular Diagnostics, Artificial Intelligence, and the technological convergence of Public Blockchains with other fields that could put the platforms on the road to a $200 trillion valuation by the end of the decade.
Bitcoin Is Likely To Scale Into A Multi-Trillion Dollar MarketCathie Wood has been vocal in her support for Bitcoin. The recent downturn in the crypto market failed to deter her confidence in the flagship cryptocurrency. The report by her firm stated that the crypto winter elevated Bitcoin’s value propositions as a decentralized alternative, by shedding a light on the role of centralized counterparties in the crypto contagion.
We believe Bitcoin’s long-term opportunity is strengthening. Despite a turbulent year, Bitcoin has not skipped a beat. Its network fundamentals have strengthened and its holder base has become more long-term focused.”
Ark Invest, the American asset management firm launched by Cathie Wood, presented its take on the future of finance and blockchain technology in its Big Ideas 2023 report. Aside from crypto, the report discussed various exciting technologies, including Molecular Diagnostics, Artificial Intelligence, and the technological convergence of Public Blockchains with other fields that could put the platforms on the road to a $200 trillion valuation by the end of the decade.
Bitcoin Is Likely To Scale Into A Multi-Trillion Dollar MarketCathie Wood has been vocal in her support for Bitcoin. The recent downturn in the crypto market failed to deter her confidence in the flagship cryptocurrency. The report by her firm stated that the crypto winter elevated Bitcoin’s value propositions as a decentralized alternative, by shedding a light on the role of centralized counterparties in the crypto contagion.
We believe Bitcoin’s long-term opportunity is strengthening. Despite a turbulent year, Bitcoin has not skipped a beat. Its network fundamentals have strengthened and its holder base has become more long-term focused.”
MinePlex Refutes Claims of Illegal Activities and Lack of Working Product in Vietnam
Singapore-registered cryptocurrency company MinePlex denies all allegations of illegal activities made against the company by Vietnamese TV channel VTV. The company plans to take legal action after VTV accused MinePlex of illegal activities.
“We are saddened and disappointed that such a major Vietnamese TV channel has neglected the basic principles of journalism and didn’t verify and clarify the content before publishing subsequent articles that caused confusion, affecting our honor and reputation. MinePlex has full legal bases and operating conditions,” said a spokesperson for the company.
Singapore-registered cryptocurrency company MinePlex denies all allegations of illegal activities made against the company by Vietnamese TV channel VTV. The company plans to take legal action after VTV accused MinePlex of illegal activities.
“We are saddened and disappointed that such a major Vietnamese TV channel has neglected the basic principles of journalism and didn’t verify and clarify the content before publishing subsequent articles that caused confusion, affecting our honor and reputation. MinePlex has full legal bases and operating conditions,” said a spokesperson for the company.
FTX Used Hodgepodge of Apps To Manage Billions of Dollars in Assets, Including Crypto: New Court Filing
Collapsed crypto exchange FTX used a “hodgepodge” of “non-enterprise solutions” to manage its billions of dollars in assets, according to a new bankruptcy filing.
FTX CEO John J. Ray III, who replaced disgraced founder Sam Bankman-Fried, notes in a new report filed with the U.S. Bankruptcy Court for the District of Delaware that none of the FTX Group companies employed an “appropriate” accounting system.
Collapsed crypto exchange FTX used a “hodgepodge” of “non-enterprise solutions” to manage its billions of dollars in assets, according to a new bankruptcy filing.
FTX CEO John J. Ray III, who replaced disgraced founder Sam Bankman-Fried, notes in a new report filed with the U.S. Bankruptcy Court for the District of Delaware that none of the FTX Group companies employed an “appropriate” accounting system.
Governor Kristi Noem Vetoes Central Bank Digital Currency Bill
Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum.
Kristi Noem Shoves the Bill AsideIn a recent statement, Noem commented:
At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the federal government.
Republican governor Kristi Noem of South Dakota has vetoed a bill that would have established a central bank digital currency (CBDC) as a legitimate form of money without recognizing assets like BTC and Ethereum.
Kristi Noem Shoves the Bill AsideIn a recent statement, Noem commented:
At this moment in time, such a government-backed electronic currency has not yet been created. More importantly, South Dakota should not open the door to a potential future overreach by the federal government.
Merov announces launch of its comprehensive suite of services for the Bitcoin mining industry
Merov is pleased to announce the introduction of its full range of services created specifically for the Bitcoin mining sector. Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace are a few of the services in the suite that each address a requirement for the bitcoin mining sector.
Montana L. Dukes, Founder and Chief Executive Officer of Merov said: “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community.”
Merov is pleased to announce the introduction of its full range of services created specifically for the Bitcoin mining sector. Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace are a few of the services in the suite that each address a requirement for the bitcoin mining sector.
Montana L. Dukes, Founder and Chief Executive Officer of Merov said: “As a pioneer in the industry, we are excited about the opportunities these services present, and we look forward to continuing to innovate and provide exceptional services to the Bitcoin mining community.”
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Bloomberg Macro Strategist Says US Bonds Sucking Liquidity Out of Crypto and Risk Assets – Here’s His Outlook
Bloomberg Intelligence’s senior macro strategist Mike McGlone says that one major factor has him bearish on the crypto markets.
In a new interview with crypto analyst Scott Melker, McGlone says that the high interest rates currently offered on US Treasury Bills (T-Bills) is sucking liquidity out of the crypto markets.
T-bills are short-term government debt obligations sold at a discount, the difference between the purchase price and the face value being accrued interest. Four-week to one-year T-Bills have recently been auctioned off with more than 5% interest. He also says one indicator of a liquidity drain is the declining market cap of stablecoins.
Bloomberg Intelligence’s senior macro strategist Mike McGlone says that one major factor has him bearish on the crypto markets.
In a new interview with crypto analyst Scott Melker, McGlone says that the high interest rates currently offered on US Treasury Bills (T-Bills) is sucking liquidity out of the crypto markets.
T-bills are short-term government debt obligations sold at a discount, the difference between the purchase price and the face value being accrued interest. Four-week to one-year T-Bills have recently been auctioned off with more than 5% interest. He also says one indicator of a liquidity drain is the declining market cap of stablecoins.
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Big Blow To Crypto As Nasdaq Scraps Plans To Enter Custody Business Amid U.S. Regulatory Turmoil
Stock market operator Nasdaq has ended its plans to provide its highly-anticipated crypto custody service, citing the ongoing regulatory conditions in the United States as the key reason for their decision. The service was scheduled to go live in the second quarter of this year. The sudden reversal of the custody plans marks a notable setback to the institutional adoption of crypto in the U.S.
Nasdaq Halts Plan For Institutional Crypto Custody ServiceCEO Adena Friedman announced that Nasdaq has dropped its plans for a Bitcoin custody service during the company’s Q2 results call.
“This quarter, considering the shifting business and regulatory environment in the United States, we have made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue relevant license,” Friedman indicated.
Stock market operator Nasdaq has ended its plans to provide its highly-anticipated crypto custody service, citing the ongoing regulatory conditions in the United States as the key reason for their decision. The service was scheduled to go live in the second quarter of this year. The sudden reversal of the custody plans marks a notable setback to the institutional adoption of crypto in the U.S.
Nasdaq Halts Plan For Institutional Crypto Custody ServiceCEO Adena Friedman announced that Nasdaq has dropped its plans for a Bitcoin custody service during the company’s Q2 results call.
“This quarter, considering the shifting business and regulatory environment in the United States, we have made the decision to halt our launch of the U.S. digital assets custodian business and our related efforts to pursue relevant license,” Friedman indicated.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 7 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Central Bank of Brazil Rebrands CBDC to ‘Drex,’ Launch Expected by 2024
The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital contracts for real estate and vehicles. Drex is expected to be launched next year.
Central Bank of Brazil Rebrands Digital Real to DrexThe Central Bank of Brazil has revealed the reasons behind the rebranding of the Brazilian central bank digital currency (CBDC), formerly known as the digital real, to drex. In a press release issued last week, the bank reported the new name was an acronym for “Digital Real Electronic,” with the X representing “modernity and connectivity.”
The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital contracts for real estate and vehicles. Drex is expected to be launched next year.
Central Bank of Brazil Rebrands Digital Real to DrexThe Central Bank of Brazil has revealed the reasons behind the rebranding of the Brazilian central bank digital currency (CBDC), formerly known as the digital real, to drex. In a press release issued last week, the bank reported the new name was an acronym for “Digital Real Electronic,” with the X representing “modernity and connectivity.”
Flood of Ethereum Futures Exchange-Traded Funds Could Launch on Monday, According to Bloomberg ETF Analyst
A Bloomberg exchange-traded fund (ETF) analyst says that the market could be inundated by Ethereum (ETH) futures ETFs starting on October 2nd.
In a new thread on the social media platform X, Bloomberg ETF analyst James Seyffart notes that nine different ETH-based futures ETFs are set to potentially launch on Monday, adding that it will be a “crazy day.”
A Bloomberg exchange-traded fund (ETF) analyst says that the market could be inundated by Ethereum (ETH) futures ETFs starting on October 2nd.
In a new thread on the social media platform X, Bloomberg ETF analyst James Seyffart notes that nine different ETH-based futures ETFs are set to potentially launch on Monday, adding that it will be a “crazy day.”
Zeebu’s $ZBU Listing On Gate.io and Startup Program
Zeebu, the pioneering Web3 Neobank for telecoms, is thrilled to announce the forthcoming listing of its native token, $ZBU, on Gate.io, a globally recognized cryptocurrency exchange, scheduled for November 9, 2023.
Gate.io, boasting a robust user base of over 13 million, promises to substantially increase the reach and accessibility of the token. This listing on a top-10 exchange represents a monumental stride for Zeebu in its ongoing efforts to secure listings on tier-1 exchanges.
Zeebu, the pioneering Web3 Neobank for telecoms, is thrilled to announce the forthcoming listing of its native token, $ZBU, on Gate.io, a globally recognized cryptocurrency exchange, scheduled for November 9, 2023.
Gate.io, boasting a robust user base of over 13 million, promises to substantially increase the reach and accessibility of the token. This listing on a top-10 exchange represents a monumental stride for Zeebu in its ongoing efforts to secure listings on tier-1 exchanges.
Gianluigi Buffon Invests in OQtima, Signaling a Shift in Sports-Finance Collaborations
PRESS RELEASE. Renowned Italian football goalkeeper Gianluigi Buffon has recently confirmed his strategic investment in OQtima, an innovative online trading company, marking a significant departure from traditional sponsorship deals.
Buffon’s active involvement in OQtima signifies a profound collaboration between the realms of professional sports and financial trading platforms. This move establishes a new era where sports legends become not only brand ambassadors but key stakeholders and strategic partners in the financial sector, thereby revolutionizing the landscape of partnerships.
PRESS RELEASE. Renowned Italian football goalkeeper Gianluigi Buffon has recently confirmed his strategic investment in OQtima, an innovative online trading company, marking a significant departure from traditional sponsorship deals.
Buffon’s active involvement in OQtima signifies a profound collaboration between the realms of professional sports and financial trading platforms. This move establishes a new era where sports legends become not only brand ambassadors but key stakeholders and strategic partners in the financial sector, thereby revolutionizing the landscape of partnerships.
‘ADA is About to Make a 14x Move’, Says Analyst As Cardano Ecosystem Blooms
In the ever-evolving world of cryptocurrencies, historical patterns often serve as a beacon for future predictions. A well-regarded cryptocurrency analyst, Ali Martinez, recently shed light on an intriguing possibility for Cardano’s native token, $ADA. Drawing parallels to Cardano’s performance in late 2020, Martinez suggests that $ADA is on the brink of a significant surge, potentially mirroring its past trajectory.
In the ever-evolving world of cryptocurrencies, historical patterns often serve as a beacon for future predictions. A well-regarded cryptocurrency analyst, Ali Martinez, recently shed light on an intriguing possibility for Cardano’s native token, $ADA. Drawing parallels to Cardano’s performance in late 2020, Martinez suggests that $ADA is on the brink of a significant surge, potentially mirroring its past trajectory.
Option2Trade $888,000 Giveaway Creates Frenzy with SHIB Holders
In the bustling world of cryptocurrencies, where innovation and excitement meet, Option2Trade (O2T) has catapulted itself into the limelight with an astonishing $888k giveaway. This monumental event has stirred a significant frenzy among Shiba Inu (SHIB) holders, known for their keen sense of community and eagerness to engage in opportunities that promise substantial returns. The giveaway has showcased the potential of Option2Trade (O2T) and tapped into the vibrant energy of the SHIB community, creating a wave of excitement and anticipation.
In the bustling world of cryptocurrencies, where innovation and excitement meet, Option2Trade (O2T) has catapulted itself into the limelight with an astonishing $888k giveaway. This monumental event has stirred a significant frenzy among Shiba Inu (SHIB) holders, known for their keen sense of community and eagerness to engage in opportunities that promise substantial returns. The giveaway has showcased the potential of Option2Trade (O2T) and tapped into the vibrant energy of the SHIB community, creating a wave of excitement and anticipation.
Coinbase Chief Policy Officer Says US an Outlier As Major Economies Adopt Clear Crypto Regulatory Frameworks
A Coinbase executive says the United States is lagging behind other major nations when it comes to adopting clearer regulations on cryptocurrencies.
In a new interview with Yahoo Finance, Faryar Shirzad, chief policy officer for the top US crypto exchange, says the majority of the Group of Twenty (G20) members are way ahead of the United States in helping the crypto industry flourish.
A Coinbase executive says the United States is lagging behind other major nations when it comes to adopting clearer regulations on cryptocurrencies.
In a new interview with Yahoo Finance, Faryar Shirzad, chief policy officer for the top US crypto exchange, says the majority of the Group of Twenty (G20) members are way ahead of the United States in helping the crypto industry flourish.