XRP, VeChain, NEAR Price Analysis
XRP, VeChain, NEAR Price Analysis
XRP
The digital currency invalidated its bullish tendencies after falling below its descending channel. With the 20 EMA (red) still looking south, any revival could find resistance at the $0.72-level.
At press time, XRP was trading at $0.7036. The southbound CMF depicted a selling edge while it hovered way below the zero-line. Nevertheless, the RSI saw higher troughs in the last week and revealed a bullish divergence with price.
Vechain
Since swooping to its one-year low in late February, VET bulls finally found the ground that helped them overturn the long-term bearish rally. As soon as it broke out of the $0.04-level, the alt saw an over 80% jump before a down-channel correction.
At press time, VET traded at $0.05946. After the recent retracement, the price fell towards the lower band of its Bollinger Bands. A likely revival would find resistance at the $0.06-level.
Near Protocol
The alt saw a massive 120% growth in the last 47 days.
At press time, the NEAR was trading at $16.5. The RSI saw growth from the 38-mark support. Over the last few hours, it jumped above the equilibrium and affirmed a bullish edge Also, the AO corresponded with the increasing buying influence as it saw shorter green bars that approached the zero-line.
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Near Protocol price prediction
Near Protocol price prediction: cup and handle pattern forms
The Near Protocol price has been in a tight range in the past few days even as other cryptocurrency prices retreat. The coin is trading at $16.6, which is a few points below last week’s high of $20. Its market cap has risen to about $10 billion, making it the 17th biggest coin in the world.
Near plans to disrupt music industry
Meanwhile, the developers announced plans to use the blockchain technology to disrupt the music streaming industry. They also unveiled a new decentralized autonomous organization (DAO) known as MODA DAO. The goal is to ensure that the musicians make money when people listen to their songs. It will also help them monetize their creations using tools like NFTs.
Near Protocol price prediction
Turning to the daily chart, we see that the Near Protocol price has been in a strong bullish trend. A closer look reveals that it has formed a cup and handle pattern. In price action analysis, this price is usually a sign of a bullish continuation. It is also slightly below the upper side of the cup pattern.
The price has also moved above the 25-day and 50-day moving averages. Therefore, the coin will likely keep rising as bulls target the key resistance at $20.
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Top Ten Cryptocurrency Subreddits You Should Join In 2022
Top Ten Cryptocurrency Subreddits You Should Join In 2022
Since the advent of cryptocurrency, there has been a renewed passion for information marketing because every crypto player needs to remain updated to stay on top of their game. Information like ICOs and public sales, breaking news, fresh updates, and innovations are available for users daily are they are very important for safe and profitable engagement of the space.
However, it can be overwhelming to keep track of these details sometimes, especially for newbies who do not know where to start. The essence of this guide is to bring you to an understanding of the research tools with a special focus on Reddit and how they can help you in the crypto adventure.
Reddit and the Subreddits to Join for Fresh Updates
Reddit is a social network that is known for being the front page of the internet. It is said to have caught the attention of the crypto community when a brand known as GameStop onboards the smart money institutional investors back in 2021.
However, within the social network ecosystem, there are smaller communities targeted at discussing different topics called Subreddits. This has contributed to the diversity of the ecosystem and has made it a tool for every niche of discussion — like a blog, including cryptocurrency.
In this guide, we’ll be considered the top 10 Subreddits that are recommended for every crypto enthusiast, investor, and trader in 2022.
1. Cryptocurrency News and Discussion
This is one of the most popular and high-rated crypto Subreddits. There are high chances that you will find anything related to cryptocurrencies in this Cryptocurrency News and Discussion subreddit. With the number of its members sitting around 4.9 million, this subreddit is one of the biggest subreddit in the crypto space.
Beyond the high number of members, the active users of the subreddit per time are always in the thousands and they are currently sharing their opinion, thoughts, and analysis on different tokens, coins, and developments in blockchain technology.
2. BTC for Beginners
This is perhaps the best subreddit to recommend for whoever is with Bitcoin and even cryptocurrency in general. All the post in the subreddit is targeted at training members who are mostly beginners on how the crypto space and blockchain technology works. The coverage of the discussion is around the future use of this asset class and the best way to trade them.
The guide in this subreddit also spans beyond Bitcoin alone to cover several other altcoins. Currently, the number of members of the subreddit in total is around 861 thousand.
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European Union Slams Russian Crypto Investors With New Rules in Latest Legislation
European Union Slams Russian Crypto Investors With New Rules in Latest Legislation
In response to the ongoing war in Ukraine, the European Union (EU) is hitting Russian crypto traders with new restrictions.
According to the Official Journal of the EU, the union has expanded on the sanctions they have placed on Russia, including limits on deposits to cryptocurrency wallets.
The new legislation would prohibit firms from providing Russian nationals or Russian-established entities with crypto wallet services if the contents of the wallet exceed €10,000 or about $10,876.
In the US, officials have issued warnings to crypto exchanges that fail to comply with Russian sanctions. Last month, Deputy U.S. Treasury Secretary Wally Adeyemo said that American authorities were on the lookout for any entity that attempts to aid Russia in avoiding the sanctions.
“We’ve been paying a lot of attention to sanction evasion…Any company, country, individual who helps Russia evade our sanctions will be subject to our laws and be held accountable, including cryptocurrency companies.
We have not seen to date that Russia has been able to evade our sanctions in a meaningful way, but we know that they are attempting to do so and we know they are going to try and use every means possible, both cryptocurrencies but also shell companies and also any other means that they can find.”
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Solana v Waves – Which one to buy the dip
Solana v Waves – Which one to buy the dip?
Which one to buy the dip?
While Solana and Waves are high-potential cryptocurrencies and will recover from this dip, Solana has better prospects. One of the reasons why Solana has better odds is that it has a much bigger ecosystem of projects building on top of it. Solana also has a lot more hype, especially among institutional investors, which could play well in its favor as bulls return to the market.
Waves is a much smaller chain and aren’t as well-known as Solana. Besides, after the recent rumors of it being a Ponzi, Waves could take longer to gain traction since the market is highly volatile.
Summary.
Both Solana and Waves are high-potential smart contract blockchains. However, following a negative rumor about Waves, Solana could be a better buy in the short term. This makes SOL a better buy in the current cryptocurrency market dip.
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Which Cryptocurrencies Does Elon Musk Own?
Which Cryptocurrencies Does Elon Musk Own?
SpaceX Employees Own Doge
Musk said that he invested in Doge because it seems like the people’s crypto. When he talked to people at SpaceX and Tesla, he discovered that most of them own Doge. He said that these people are neither Silicon Valley technologists nor financial experts. Since they supported Doge, however, it also made him invest in the currency.
Which Cryptocurrencies Does Elon Musk Own?
At The B Word conference in June 2021, Elon Musk said that he supports Bitcoin. He also revealed that Tesla might start accepting payments in Bitcoin again. The SpaceX and Tesla CEO further said that Bitcoin could be used for economic empowerment.
As revealed in his tweets and with confirmation at the conference, Elon Musk revealed he owns three cryptocurrencies:
• Bitcoin
• Ethereum
• Dogecoin
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Enjin Coin needs to flip this area to push higher!
Enjin Coin needs to flip this area to push higher.
Enjin Coin has been bullish for the latter half of March, but the recent sell-off saw a deep retracement. Can ENJ recover? The lower timeframe charts such as 1-hour presented a bearish picture. The price has broken below the $1.7 mark, and up ahead is a heavy band of resistance from $1.75 to $1.86. Data from Messari showed that trading volume was not very high when the price dropped toward $1.5, however, the subsequent bounce in the past couple of days has seen very high trading volume.
Conclusion
There was strong resistance just above $1.75 for Enjin Coin bulls to beat. The momentum was bullish and there was some steady demand behind the rally. Caution was advisable, as a move past $1.75 and its retest as demand could be a less risky buying opportunity than buying it beneath the $1.75 resistance.
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Algorand, Fantom, Sandbox Price Prediction
Algorand, Fantom, Sandbox Price Prediction
Algorand.
The Relative Strength index hiked beyond neutral 50, suggesting an imminent bullish momentum. Nevertheless, the on-balance volume maintained downtrends over the previous week, as the price created a climbing wedge setup. Hence, market players should expect a possible downside for the token.
Sandbox.
The Relative Strength index climbed past neutral 50. However, the hourly chart across the altcoin market start to flash some bullishness. ND’s Stochastic Relative Strength index remained at the overbought level. Therefore, a pullback towards the $3 area would mean a buying opportunity.
Fantom.
Meanwhile, the altcoin market will rely on Bitcoin’s directional bias. Though most altcoins seem prepared for uptrends in the coming sessions, a BTC U-turn will trigger bearish actions. Bitcoin traded around the $43,390.01, losing 0.77% over the past day. Further weakness by the leading alt will trigger negative sentiment in the marketplace.
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We See BTC at $1 Million Michael Saylor and Cathie Wood
We See BTC at $1 Million: Michael Saylor and Cathie Wood
Billionaire tech investors Cathie Wood and Michael Saylor explained why they believe that the future is bright for Bitcoin adoption.
Michael Saylor, the CEO of Microstrategy, and Cathie Wood, CEO of Arch Invest, held a panel at the Miami 2022 Bitcoin conference on Thursday.
The two tech investors shared an optimistic vision for the largest cryptocurrency, setting ambitious price targets.
“People ask me if I’m still bullish on Bitcoin. I am more bullish than ever on Bitcoin. The future is bright,” Saylor said.
Wood: Someone is Whispering in Politicians’ Ears
Both Wood and Saylor believe that regulatory winds are shifting in Bitcoin’s favor.
“I see the politics around Bitcoin radically. It has become a single issue that people are voting on – and it’s bipartisan,” Wood said.
Wood remarked that just a year ago, Treasury secretary Janet Yellen spoke about Bitcoin in largely negative terms referencing “money laundering, nefarious characters, environmental damage,” etc.
However, Wood says that Washington insiders have since changed their tune.
“Someone is whispering in their ear… if you want to lose out, and if you want the US to lose our… keep talking on that. And she has changed her tune,” she added.
Saylor: Biden’s Green Light for Bitcoin
On the other hand, Michael Saylor is bullish on President Joe Biden’s recent crypto announcement. Namely, Biden directed all federal agencies to research digital currency, a move which Saylor called a “green light” for Bitcoin.
“Bitcoin has been embraced. The administration has given a green light to Bitcoin” said Saylor. “Politicians are now competing who’s the most pro-bitcoin,” he added.
Saylor believes the announcement is a massive boost for BTC adoption as it could be just what institutional investors need to jump in and invest in the asset.
Wood brought up recent remarks by Securities and Exchange Commission Head Gary Gensler, where he asserted, that Bitcoin is not a security.
This is important as it reduces the regulatory risk for Bitcoin and Wood believes this makes the cryptocurrency stand out even more among other digital assets.
Bitcoin – Good for Inflation and Deflation
After discussing political risks for Bitcoin, Wood and Saylor moved to economic risks. Tech investors don’t agree on the macroeconomic outlook for the world. Namely, Saylor believes the monetary policy will continue to be inflationary, pushing prices up.
On the other hand, Wood asserted that tech innovation will create huge deflationary pressures that will offset the Fed’s money printing.
“We had a spirited discussion about inflation… I would say that if inflation is an issue, clearly Bitcoin is s huge hedge,” Wood said.
Moreover, Wood believes Bitcoin could also be useful as a hedge against deflation and against counterparty risk. Namely, there is no third party that seizes Bitcoins from someone’s wallet.
Tech – Use Lightning or Die
Saylor remarked that he sees great tailwinds for Bitcoin Lightning Network adoption. The latter is a low-cost, open-source instant payment platform.
“Every tech entrepreneur, every exchange will have to include Lightning, if it wants to be viable,” complimenting Block’s Cash App and BitPay for driving adoption.
Sayor remarked that the “killer application” for Lightning could be bringing stablecoins to the network. Recently, Lightning Labs raised $70 million to do just that.
$1 Million Price Target
On the technology side, Woods sees a lot of potential for further growth by removing friction for customers.
Making the process of trading and transacting with crypto more streamlined will bring in more users, Wood believes.
On the price side, she said her fund Arch Invest is looking at a price target of $1 million for a Bitcoin.
“We don’t need much. All we need is that 2.5% of all assets is allocated in Bitcoin,” she explained.
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Strike announced Shopify integrate How it will benefit BTC?
Strike announced Shopify integrate. How it will benefit BTC?
The Bitcoin network is one of the largest networks to truly grasp the attention of the general population and, as such, is being integrated just about everywhere.
Specifically, the Bitcoin Lightning Network seems to be getting closer to mass adoption.
Throughout the Bitcoin 2022 conference that took place in Miami, the Bitcoin Lightning Network is getting closer to mass adoption.
This is due to the fact that Strike, which is a global digital payments platform built on top of the BTC network, announced that it will integrate with Shopify.
Specifically, the creation of an alternative to the traditional payments system, such as this integration, will result in a quick and cheap service that brings many benefits to the overall consumer chain and will be available on a global scale for anyone that has a Lightning Network wallet.
According to the announcement, any website that uses Shopify online card transactions can process payments using Bitcoin’s Lightning Network. The biggest retailers in America that utilize this include McDonald’s, Walmart, Home Depot and even Best Buy.
So Mass adoption is closer than you think.
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These Top 10 Cryptocurrencies joining forces
Terra And Avalanche Join Forces
Terra Luna and Avalanche have announced a strengthening of their collaboration in the form of a $100 million treasury swap between Luna Foundation Guard and the Avalanche Foundation.
Another advantage is, developers are now able to build cross-chain and make use of the vibrant Avalanche ecosystem. Several Terra DeFi protocols are already in line for a cross-chain expansion to Avalanche.
Terra and Avalanche have already spent time collaborating on a gaming subnet, details of which are still to be released.
The collaboration between the two could certainly help them both to grow.
“Avalanche is still a growing ecosystem...a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX,”
He added:
“While Bitcoin will remain the “main backing” of UST stablecoin, the deal with Avalanche “buys a lot of user familiarity” for UST and Terra from Avalanche,”
Emin Gün Sirer, CEO of Ava Labs, said of the collaboration:
“Terra’s ability to scale their stablecoins is one of the reasons that drew Avalanche to its platform.”
“I wish that more and more coins would look for ways to grow the crypto space as opposed to compete for the same set of people,” he said.
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Dubai Is Finding Itself at the Center of Crypto Regulation
Dubai Is Finding Itself at the Center of Crypto Regulation
Dubai – the capital of the United Arab Emirates in the Middle East – has unveiled a new digital currency law that apparently a lot of other countries could learn from. The law allows for increased innovation and investor protection in the space while also permitting banks to do their jobs in making sure that all crypto activity is regulated and safe.
Dubai Is Instilling a New Crypto Law
Jonathan Levin of Chainalysis fame is speaking at this week’s World Government Summit in Dubai. In a recent interview, he commented:
There’s lots of environments and conversations happening internationally about creating a best-in-class approach to the asset class, and there’s really an opportunity for Dubai to take a lead in that. As [Dubai] goes into implementation and building the regulatory environment for crypto businesses to operate, it has the potential to become a model of how this regulation of the sector should be performed. It will allow for a much more tangible example that people can look to as a regulatory architecture for the industry… and get the balance right between economic growth, encouraging innovation behind the sector and protecting investors and public safety.
As of late, there are many countries out there getting heavily into the notion of regulating cryptocurrency. They are beginning to acknowledge just how big the space has become. They understand that many people are beginning to trade these assets and get involved regularly, and thus they want to make sure that they can instill the right laws to keep criminal activity within the industry to a minimum or eliminate it altogether.
Some countries are going to the extreme to make this happen. The United Kingdom, for example, has basically ruled that all crypto ATMs are now outlawed. In addition, any sort of crypto advertising is kept under strict scrutiny and is often dismissed for being too misleading or for promoting what the country feels are risky investments.
The United States is also getting into crypto regulation with a new executive order that called for government agencies to analyze crypto and their risks. This order also potentially ordered discussions surrounding a digital version of USD, the nation’s currency.
Despite all the concerns surrounding the crypto space, Chainalysis commented that illicit activity is not as strong as one might think. The blockchain analysis firm recently stated in a new report:
Given the roaring adoption, it’s no surprise that more cybercriminals are using cryptocurrency, but the fact that the increase in illicit transaction volume was just 79 percent, nearly an order of magnitude lower than overall adoption, might be the biggest surprise of all.
Illicit Activity Is Small by Comparison
Jonathan Levin added to this, stating:
With the growth of legitimate cryptocurrency usage far outpacing the growth of criminal usage, illicit activity’s share of cryptocurrency transaction volume has never been lower.
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Will The SEC Approve A Spot BTC ETF This Year
Will The SEC Approve A Spot BTC ETF This Year?
Canada and most European authorities have approved various crypto ETFs, and they have enjoyed several benefits from doing so. One of the biggest gains is that institutional investors are now more willing to invest in the digital asset space. The financial watchdog has maintained its anti-crypto stance, including direct ETF exposure for investors.
However, the SEC may soften its anti-crypto stance soon since the federal authorities are now receptive toward crypto. Many industry analysts see last month’s crypto executive order by the US President as a positive sign of crypto regulation by the US. Part of the order mandates that federal agencies are also expected to reason together in developing appropriate crypto regulatory policies.
SEC’s Argument No Longer Holds Water
Sonnenshein used a Twitter thread to explain that the SEC contradicted itself after recently approving Teucrium’s BTC futures ETF proposal. He added that the SEC’s argument against not approving a spot BTC ETF became weaker with this approval. You’d recall that the SEC has continually rejected spot BTC ETF proposals based on a 1940 investor protection policy.
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HSBC Bank Will Allow Wealthy Customers To Invest In The Metaverse
HSBC Bank Will Allow Wealthy Customers To Invest In The Metaverse
The HSBC Bank will allow wealthy Asian customers to invest in the metaverse and they will now be able to allocate funds to a new set of products in the metaverse.
“The Metaverse ecosystem, while still at its early stage, is rapidly evolving. We see many exciting opportunities in this space as companies of different backgrounds and sizes are flocking into the ecosystem.”
This is the bank’s second foray into the Metaverse industry in the past month. HSBC as a formal vocal critic of the crypto industry partnered with Animoca Brands’ subsidiary The Sandbox and aside from getting into the metaverse, the collaboration allowed the bank to purchase virtual real estate in LAND form.
Wells Fargo is a leading American financial services organization while HSBC Bank is a major British monetary institution that will employ a blockchain-based product that will settle matched foreign exchange transactions. With the partnership, HSBC and Wells Fargo will use a shared ledger to process operations in Forex
The solution will allow both entities to utilize the Payment vs Payment operations and it is expected to reduce the risks and costs of processing the foreign exchange settlements. Mark Jones the co-head of Macro at Wells Fargo revealed that this is the first time that blockchain technology will be used in such a manner.
Source: https://www.dcforecasts.com/altcoin-news/hsbc-bank-will-allow-wealthy-customers-to-invest-in-the-metaverse/
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It's Official: Deutsche Is The First Bank To Forecast A US Recession In Late 2023
Up until now, with the exception of various bearish splinter voices within Wall Street banks - such as those of Michael Hartnett or Albert Edwards who pitched recessionary scenarios explicitly different from the banks' bullish "base cases", not one bank dared to make the coming recession its official prediction narrative. That changed this morning when Deutsche Bank's chief economists and heads of research, David Folkerts-Landau and Peter Hooper, became the first to make a recession in the US and a growth recession in the euro area within the next two years, their official forecast.
The "shocks" behind DB's dramatic reassessment - the same ones we have been pounding the table on for the past 2 months: the war in Ukraine and the build-up of momentum in elevated US and European inflation. Some more details from the DB duo:
• The war, which has transitioned into a stalemate that is unlikely to be resolved any time soon, has disrupted activity on a number of fronts. These include upheavals in markets for energy, food grains, and key materials, that have in turn further disrupted global supply chains. That said, the economists assume that the critical flow of gas from Russia to Europe will not be cut off, keeping the crisis from substantially deepening costs to the European and global economies, but that remains a downside risk.
• Inflation in the US and Europe is now pushing 8%, well in excess of what was expected as recently as December. More troubling, especially in the US, are signs that the underlying drivers of inflation have broadened, emanating from very tight labor market conditions and spreading from goods to services. Inflation psychology has shifted significantly, and while longer-term inflation expectations have not yet become unanchored, they are increasingly at risk of doing so.
Meanwhile, as confirmed by today's uberhawkish comments from Lael Brainard, the Fed has found itself greatly behind the curve, and has given clear signals that it is shifting to a more aggressive tightening mode, so DB now expects the Fed funds rate to peak above 3-1/2% next summer, with balance sheet rundown adding at least another 75bp-equivalent in rate hikes. With EA inflation likely to be sustained at 2% or more, the German bank also sees the ECB raising rates 250 bps between this September and next December.
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German authorities shut down world’s largest darknet market Hydra
Crypto News today: German authorities shut down world’s largest darknet market Hydra
Law enforcement officers have also seized roughly €23 million in Bitcoin from the now-defunct platform.
What is Hydra?
Launched around 2015, Hydra was hitherto the most prominent Russian darknet market and “likely the largest darknet market in the world”—despite operating mostly in CIS countries, according to crypto intelligence firm Ciphertrace.
Namely, the marketplace served customers in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, and Moldova. In total, around 17 million customers and over 19,000 seller accounts were registered on the marketplace.
Following Hydra’s closure, a special banner was placed by the agencies on its website, notifying users that “the platform and the criminal content have been seized by the Federal Criminal Police Office on behalf of Attorney General’s Office in Frankfurt am Main in the course of an international coordinated law enforcement operation.”
As CryptoSlate reported, despite being of Russian origin, Hydra wasn’t actually used to evade the western sanctions that followed the country’s armed conflict with Ukraine, according to blockchain data platform Chainalysis. And now it never will be, apparently.
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Source: https://cryptoslate.com/german-authorities-shut-down-worlds-largest-darknet-market-hydra/
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**NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE Crypo News to get familiar with the Crypto Space!
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What Elon Musk’s investment could mean for Twitter’s crypto plans
Crypto News today: What Elon Musk’s investment could mean for Twitter’s crypto plans
Tesla CEO Elon Musk recently bought a 9.2% stake in Twitter, making him the largest stakeholder in the social media firm.
Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry.
Ken Li, investment director at Binance Labs, told Cointelegraph that Musk’s investment can help push the platform’s crypto initiatives forward and even lead to the integration of DOGE within the platform.
Apart from BTC, Elon Musk has been affiliated with DOGE. Because of his love of memes, Musk‘s DOGE tweets have been linked to the asset‘s price soaring, leaving musk to be accused of price manipulation. The billionaire also declared later in 2021 that DOGE is better than BTC when it comes to payments. In January 2022, Tesla started accepting DOGE as payment for its merchandise.
Crypto News today will provide you with the latest News in the Cryptocurrency Space. So you will stay informed.
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Source: https://cointelegraph.com/news/what-elon-musk-s-investment-could-mean-for-twitter-s-crypto-plans
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**NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE Crypo News to get familiar with the Crypto Space!
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Why XRP is well positioned for an explosive 45% rally to $1 25
Crypto News today – Why XRP is well positioned for an explosive 45% rally to $1.25
XRP price has breached an ambiguous pattern favoring the bulls but spends moving sideways. This lack of volatility is what’s causing the remittance token to remain mum. However, a resurgence of investor interest and inflow of capital could catalyze an exponential move.
A total of 30 new whales holding more than 10 million XRP tokens have joined the Ripple network. This index serves as a proxy of these investors’ intentions and bullish expectations of XRP price. Therefore, market participants can expect the Ripple price to see an explosive rally in the coming weeks.
While both the technical and on-chain metrics paint an optimistic outlook for XRP price, the high correlation of the remittance token with the big crypto could be the reason for its demise. Regardless of the bullish breakout, a fatal crash in Bitcoin price will translate to XRP price and its holders.
If the XRP price produces a decisive close below $0.69, it will create a lower low and end the bullish pennant formation.
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Source: https://ambcrypto.com/why-xrp-is-well-positioned-for-an-explosive-45-rally-to-1-25/
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**NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE Crypo News to get familiar with the Crypto Space!
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Shiba Inu SHIB becomes the latest cryptocurrency part of Bitcoin of America’s ATM network
Crypto News today – Shiba Inu (SHIB) becomes the latest cryptocurrency part of Bitcoin of America’s ATM network.
The popular memecoin – Shiba Inu (SHIB) – has been added to Bitcoin of America – a US-based ATM chain that has over 1,800 machines spread across more than 31 states.
According to the official release, the reason behind the move is because Bitcoin of America
“…recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum.”
It’s also worth noting that back in March, the company added support for another popular memecoin – Dogecoin (DOGE). At the time, the price of the cryptocurrency skyrocketed some 12% in a day.
At the time of this writing, SHIB is trading flat for the past 24 hours.
Bitcoin of America is a relatively well-known digital currency exchange, and it’s important to note that it is registered as a money services business with the United States Department of Treasury.
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Source: https://cryptopotato.com/bitcoin-of-america-atms-add-support-for-shiba-inu-shib/
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**NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE Crypo News to get familiar with the Crypto Space!
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Global outcry at "war crime" killings near Kyiv as fighting shifts east
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BUCHA, Ukraine, April 4 (Reuters) - Global outrage spread on Monday at civilian killings in north Ukraine where tied bodies shot at close range, a mass grave and other signs of executions were found in a town retaken from Russian troops, as the focus of the conflict shifted elsewhere.
The destruction and civilian deaths in Bucha outside Kyiv looked set to galvanise the United States and Europe into additional sanctions against Moscow, with officials raising the prospect of restrictions on Russia's energy exports.
The discoveries were also poised to overshadow peace talks between Russia and Ukraine, due to restart on Monday against a backdrop of artillery bombardments in Ukraine's south and east, where Russia says it is now focusing its operations.
Taras Shapravskyi, deputy mayor of Bucha around 40 km (25 miles) northwest of Kyiv city, said around 50 victims of extra-judicial killings by Russian troops had been found there after Kremlin forces withdrew late last week. read more
Ukrainian authorities said they had found 421 civilian casualties near Kyiv by Sunday and were investigating possible war crimes in Bucha, a description also used by French President Emmanuel Macron and, in reference to Russia's broader offensive, by the U.N. High Commissioner for Human Rights.
The Kremlin categorically denied any accusations related to the murder of civilians in the town.
In other areas of the country, Reuters saw more makeshift burials but could not independently verify the number of dead or who was responsible.
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Source: https://bitcoinwarrior.net/2022/04/gazprom-to-cut-ties-with-germany-as-energy-relations-sour/
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