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.
Global Crypto Adoption Exceeds 320,000,000 Users, According to Study – Here’s the Country Leading the Charge
A new study from a digital asset payments firm reveals that hundreds of millions of people around the globe are using cryptocurrency.
Singapore-based TripleA says the firm gathered data from more than a dozen reports and surveys to “obtain the most encompassing and accurate set of statistics” for their study.
According to the firm’s research, global crypto ownership rates stood at an average of 4.2% as of this year, translating to more than 320 million digital asset users worldwide.
A new study from a digital asset payments firm reveals that hundreds of millions of people around the globe are using cryptocurrency.
Singapore-based TripleA says the firm gathered data from more than a dozen reports and surveys to “obtain the most encompassing and accurate set of statistics” for their study.
According to the firm’s research, global crypto ownership rates stood at an average of 4.2% as of this year, translating to more than 320 million digital asset users worldwide.
Did Bitcoin Get Caught Up in Hype Surrounding The Merge?
In mid-September, bitcoin – the world’s number one digital currency by market cap – ran above the $22,000 mark for the first time in nearly a month.
Bitcoin Experienced a Small Surge in Mid-SeptemberEveryone was praising the move given the asset had recently hit a price below $19,000, something it hadn’t done since June of this year. This means that after hitting a near-three-month low, the world’s primary digital asset seemingly shot up by close to $4,000, marking what many analysts consider a relatively big jump.
While everyone was breaking out the champagne, not all the traders and industry experts out there think the signs are there for bitcoin’s newfound strength to stay active. They think the currency could wind up experiencing more major dips, and thus things could remain in the doldrums before they show true signs of recovery.
In mid-September, bitcoin – the world’s number one digital currency by market cap – ran above the $22,000 mark for the first time in nearly a month.
Bitcoin Experienced a Small Surge in Mid-SeptemberEveryone was praising the move given the asset had recently hit a price below $19,000, something it hadn’t done since June of this year. This means that after hitting a near-three-month low, the world’s primary digital asset seemingly shot up by close to $4,000, marking what many analysts consider a relatively big jump.
While everyone was breaking out the champagne, not all the traders and industry experts out there think the signs are there for bitcoin’s newfound strength to stay active. They think the currency could wind up experiencing more major dips, and thus things could remain in the doldrums before they show true signs of recovery.
Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App
Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum.
Moneygram’s New Crypto ServiceMoneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter account for Moneygram tweeted:
Moneygram announces the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the Moneygram app. This feature gives customers in nearly all U.S. states the ability to trade and store BTC, ETH and LTC.
Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum.
Moneygram’s New Crypto ServiceMoneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter account for Moneygram tweeted:
Moneygram announces the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the Moneygram app. This feature gives customers in nearly all U.S. states the ability to trade and store BTC, ETH and LTC.
Ethereum Layer 2 Protocols Set New Weekly High For Transactions
Summary:
Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed.Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2.Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol.Transactions on Ethereum’s mainnet only exceeded L2s by about 30%. Ethereum layer 2 solutions hit a landmark for weekly transactions as scaling solutions continue to make their case and grow a presence within ETH’s ecosystem.
Data extracted from the on-chain aggregator Finance showed that transactions on L2 protocols exceeded 5.78 million. The dashboard recorded transactions in a seven-day period between October 27 and November 2. ETH’s layer 1 mainnet recorded 7.3 million transactions within the same timeframe.
Summary:
Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed.Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2.Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol.Transactions on Ethereum’s mainnet only exceeded L2s by about 30%. Ethereum layer 2 solutions hit a landmark for weekly transactions as scaling solutions continue to make their case and grow a presence within ETH’s ecosystem.
Data extracted from the on-chain aggregator Finance showed that transactions on L2 protocols exceeded 5.78 million. The dashboard recorded transactions in a seven-day period between October 27 and November 2. ETH’s layer 1 mainnet recorded 7.3 million transactions within the same timeframe.
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows
Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session.
Litecoin (LTC)Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a third straight session.Following a high of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier in the day’s session.As a result of this, the token fell to its lowest point since November 29, when prices hit a bottom of $73.39.Looking at the chart, it appears that litecoin bears are hoping to push prices towards a floor at $73.00.This seems a possibility, especially with the 14-day relative strength index (RSI) fast approaching a floor of its own.The index is currently tracking at 57.10, and seems to be moving towards a support point of 53.00.
Cosmos (ATOM)
Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session.
Litecoin (LTC)Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a third straight session.Following a high of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier in the day’s session.As a result of this, the token fell to its lowest point since November 29, when prices hit a bottom of $73.39.Looking at the chart, it appears that litecoin bears are hoping to push prices towards a floor at $73.00.This seems a possibility, especially with the 14-day relative strength index (RSI) fast approaching a floor of its own.The index is currently tracking at 57.10, and seems to be moving towards a support point of 53.00.
Cosmos (ATOM)
Nexo Suspected Of Money Laundering And Fraud By Bulgarian Police
Summary:
The crypto lender’s office in Bulgaria was raided on suspicions of fraud, money laundering, and tax evasion.Local authorities also claimed to have evidence proving that a Nexo user financed terrorism.The company said they’re cooperating with law enforcement and assured users that the uncertain period “too shall pass”.Nexo’s Bulgarian division was raided by local law enforcement on Thursday due to suspicions that the crypto lender facilitated fraud, money laundering, and tax evasion. According to the official report, Bulgarian police are investigating the company’s domestic entity that boasts operational functions including payroll and customer support.
In addition to fraud and tax evasion allegations, local authorities also believe a Nexo user financed terrorism by leveraging the cryptocurrency platform. The statement from Bulgaria’s prosecutor’s office said over 300 law enforcement agents are part of the investigation to “neutralize the criminal activity” at the giant crypto lender.
Summary:
The crypto lender’s office in Bulgaria was raided on suspicions of fraud, money laundering, and tax evasion.Local authorities also claimed to have evidence proving that a Nexo user financed terrorism.The company said they’re cooperating with law enforcement and assured users that the uncertain period “too shall pass”.Nexo’s Bulgarian division was raided by local law enforcement on Thursday due to suspicions that the crypto lender facilitated fraud, money laundering, and tax evasion. According to the official report, Bulgarian police are investigating the company’s domestic entity that boasts operational functions including payroll and customer support.
In addition to fraud and tax evasion allegations, local authorities also believe a Nexo user financed terrorism by leveraging the cryptocurrency platform. The statement from Bulgaria’s prosecutor’s office said over 300 law enforcement agents are part of the investigation to “neutralize the criminal activity” at the giant crypto lender.
Solana (SOL) Price Analysis: This Support Might Trigger Fresh Increase
Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could is correcting lower, but it might find bids near the $23 zone.
Solana (SOL) Price AnalysisSOL price remained in a bullish zone above the $20 and $21 support levels. The bulls were active near the $20 zone. A base was formed and the price started a decent increase above the $22.00 level.
There was a steady increase above the $25.00 level and the 55 simple moving average (4-hours). The pair even climbed above the $26.50 level. A high was formed near $27.12 before there was a downside correction. The price declined below the $25 support zone.
Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could is correcting lower, but it might find bids near the $23 zone.
Solana (SOL) Price AnalysisSOL price remained in a bullish zone above the $20 and $21 support levels. The bulls were active near the $20 zone. A base was formed and the price started a decent increase above the $22.00 level.
There was a steady increase above the $25.00 level and the 55 simple moving average (4-hours). The pair even climbed above the $26.50 level. A high was formed near $27.12 before there was a downside correction. The price declined below the $25 support zone.
Cathie Wood Says Price of Bitcoin Will Go Through the Roof if People Lose Confidence in Monetary System
ARK Invest’s Cathie Wood says Bitcoin (BTC) is likely to explode in value if people’s confidence in the financial system continues to dwindle.
In a new YouTube update, Wood says that Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them.
ARK Invest’s Cathie Wood says Bitcoin (BTC) is likely to explode in value if people’s confidence in the financial system continues to dwindle.
In a new YouTube update, Wood says that Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them.
US Dollar Facing More Severe Threats Than Ever Before, Says Circle CEO Jeremy Allaire
Circle CEO Jeremy Allaire says that the US dollar’s competitiveness faces unprecedented threats as cryptocurrency advances in other countries.
In a new Bloomberg Television interview, Allaire says that US Congress should pass pro-crypto legislation to ensure the country benefits from blockchain innovation.
Circle CEO Jeremy Allaire says that the US dollar’s competitiveness faces unprecedented threats as cryptocurrency advances in other countries.
In a new Bloomberg Television interview, Allaire says that US Congress should pass pro-crypto legislation to ensure the country benefits from blockchain innovation.
Landmark MiCA Law Officially Signed By EU Policymakers
Summary:
European Union lawmakers officially signed the bloc’s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations.The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities.The EU is another step closer to implementing crypto standards and rules roughly three years after the bill was introduced, making the bloc the first major jurisdiction to provide clear rules for the nascent industry.The Markets in Crypto Assets (MiCA) bill developed to create standard rules for crypto businesses operating in EU states was officially signed on Wednesday, May 31, and marks a watershed moment for the broader crypto industry.
MiCA’s policies which introduce a licensing framework are accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities. The bill was first proposed in 2020, surviving endless parliamentary debates and revisions.
Summary:
European Union lawmakers officially signed the bloc’s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations.The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities.The EU is another step closer to implementing crypto standards and rules roughly three years after the bill was introduced, making the bloc the first major jurisdiction to provide clear rules for the nascent industry.The Markets in Crypto Assets (MiCA) bill developed to create standard rules for crypto businesses operating in EU states was officially signed on Wednesday, May 31, and marks a watershed moment for the broader crypto industry.
MiCA’s policies which introduce a licensing framework are accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities. The bill was first proposed in 2020, surviving endless parliamentary debates and revisions.
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
Report: FTX Management Seeks Investors to Revive Defunct Crypto Exchange; Exchange Token FTT Surges
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could either acquire full ownership of the business or establish a joint venture.
FTX Aims for Resurgence: CEO and Executives Enter Discussions to Bring Back Crypto ExchangeOver the past few days, FTX’s native exchange token, FTT, has experienced a substantial surge in value. In the last 24 hours alone, the crypto asset has seen a 40% increase. Furthermore, within the past week, FTT’s value has soared by over 100%, as it surpassed the $2 threshold on Thursday, June 29, 2023. This recent spike in FTT’s price is attributable to renewed speculation surrounding the potential reboot of FTX. The latest speculation originated from a report in the Wall Street Journal, which cites sources familiar with the matter stating that FTX management is actively seeking investors for the concept of FTX 2.0.
Court filings and the current CEO of FTX, John J. Ray III, have confirmed these efforts on several occasions, stating, FTX “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” According to insiders cited by the Wall Street Journal (WSJ), FTX has entered into discussions with potential investors to explore the possibilities of a comprehensive relaunch, either independently or through a collaborative endeavor. It is worth noting that the revamped exchange would likely undergo a rebranding process, and discussions are underway regarding granting stakeholder positions to customers with outstanding claims, the report’s sources say.
FTX management is actively seeking potential participants to revive the formerly defunct crypto exchange, as reported by sources knowledgeable about the situation. CEO John J. Ray III and other FTX executives have reportedly engaged in preliminary discussions with prospective investors, who could either acquire full ownership of the business or establish a joint venture.
FTX Aims for Resurgence: CEO and Executives Enter Discussions to Bring Back Crypto ExchangeOver the past few days, FTX’s native exchange token, FTT, has experienced a substantial surge in value. In the last 24 hours alone, the crypto asset has seen a 40% increase. Furthermore, within the past week, FTT’s value has soared by over 100%, as it surpassed the $2 threshold on Thursday, June 29, 2023. This recent spike in FTT’s price is attributable to renewed speculation surrounding the potential reboot of FTX. The latest speculation originated from a report in the Wall Street Journal, which cites sources familiar with the matter stating that FTX management is actively seeking investors for the concept of FTX 2.0.
Court filings and the current CEO of FTX, John J. Ray III, have confirmed these efforts on several occasions, stating, FTX “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” According to insiders cited by the Wall Street Journal (WSJ), FTX has entered into discussions with potential investors to explore the possibilities of a comprehensive relaunch, either independently or through a collaborative endeavor. It is worth noting that the revamped exchange would likely undergo a rebranding process, and discussions are underway regarding granting stakeholder positions to customers with outstanding claims, the report’s sources say.
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Web3 Startup Bunzz Releases ‘DeCipher’ to Facilitate Web3 Development with AI-powered Smart Contract Documentation
Following efforts to redefine web3 development, Singapore-based web3-startup, Bunzz has announced the launch of its revolutionary AI-powered tool, “DeCipher.”
According to its design, DeCipher aims to transform the process of generating Smart Contract documentation, providing a game-changing solution for developers, traders, and business owners in the web3 space. With DeCipher, users can now effortlessly create comprehensive documents from almost all Smart Contracts existing on various Blockchains with just a single click.
Following efforts to redefine web3 development, Singapore-based web3-startup, Bunzz has announced the launch of its revolutionary AI-powered tool, “DeCipher.”
According to its design, DeCipher aims to transform the process of generating Smart Contract documentation, providing a game-changing solution for developers, traders, and business owners in the web3 space. With DeCipher, users can now effortlessly create comprehensive documents from almost all Smart Contracts existing on various Blockchains with just a single click.
Duelbits Celebrates the Release of Their All-New Platform With a Rakeback Bonus for the Ages
In several short years, Duelbits have made a name for themselves in the crypto casino niche, becoming one of the de facto leaders in the sphere. With a firm commitment to innovation, they have made it a point to stand out from the crowd.
Recently, they have completely revamped their already sleek and stylish platform, presenting a streamlined and intuitive interface elevating the player experience to new heights.
In several short years, Duelbits have made a name for themselves in the crypto casino niche, becoming one of the de facto leaders in the sphere. With a firm commitment to innovation, they have made it a point to stand out from the crowd.
Recently, they have completely revamped their already sleek and stylish platform, presenting a streamlined and intuitive interface elevating the player experience to new heights.
U.S. Government Among Top Bitcoin Hodlers With Stash Valued At A Staggering $5.3 Billion
From the heightened federal crackdown on the crypto industry, it might appear the U.S. government cannot stand crypto assets. Yet there is a love-hate relationship: the federal government holds more than 200,000 Bitcoin worth over $5 billion despite offloading a few thousand BTC worth millions earlier this year. This arguably makes the U.S. the largest holder of Bitcoin among countries.
How The U.S. Government Became A Top Bictoin HolderThe United States government is now one of the largest Bitcoin holders. Per a recent report from the Wall Street Journal, it is estimated that the U.S. government still holds 194,188 BTC, valued at $5.3 billion based on today’s market rates.
The large cache of Bitcoins is a result of three high-profile crackdowns on cybercrime and darknet activities, including the Silk Road seizure of 69,369 BTC in November 2020, the January 2022 Bitfinex hack confiscation of 94,643 BTC, and the seizure of roughly 51,326 Bitcoins from James Zhong last March. A considerable amount of BTC was also seized from Ilya Lichtenstein and his wife, Heather Morgan, contributing to the government’s increasing stockpile.
From the heightened federal crackdown on the crypto industry, it might appear the U.S. government cannot stand crypto assets. Yet there is a love-hate relationship: the federal government holds more than 200,000 Bitcoin worth over $5 billion despite offloading a few thousand BTC worth millions earlier this year. This arguably makes the U.S. the largest holder of Bitcoin among countries.
How The U.S. Government Became A Top Bictoin HolderThe United States government is now one of the largest Bitcoin holders. Per a recent report from the Wall Street Journal, it is estimated that the U.S. government still holds 194,188 BTC, valued at $5.3 billion based on today’s market rates.
The large cache of Bitcoins is a result of three high-profile crackdowns on cybercrime and darknet activities, including the Silk Road seizure of 69,369 BTC in November 2020, the January 2022 Bitfinex hack confiscation of 94,643 BTC, and the seizure of roughly 51,326 Bitcoins from James Zhong last March. A considerable amount of BTC was also seized from Ilya Lichtenstein and his wife, Heather Morgan, contributing to the government’s increasing stockpile.
Ethereum Technical Analysis: ETH Hangs Above $2K Range Amid 3% Drop
Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical indicators offer a nuanced perspective on ethereum’s market position on Monday.
EthereumEthereum’s price, recorded at $2,019, indicates a downward phase amidst the volatile crypto market. Despite this, oscillators present a predominantly neutral stance. The relative strength index (RSI) stands at 55.8, while the Stochastic and commodity channel index (CCI) are at 66.5 and 23.8, respectively. These figures suggest a balanced market condition, with some slight bearish signals.The story takes a nuanced turn when analyzing ethereum’s moving averages. The exponential moving average (EMA) and simple moving average (SMA) at the 10-day mark indicate negative action at $2,037 and $2,031, respectively. However, longer-term EMAs and SMAs, particularly from the 20-day mark onwards, signal positive sentiment, illustrating a potential ether rise in the long run.
Ethereum chart by TradingViewIn the 1-hour chart analysis, ethereum exhibits a short-term downtrend, as indicated by consecutive red candles. Noteworthy spikes in selling volume are observed, yet buyer participation appears tepid. The chart lacks clear reversal patterns, making it difficult to pinpoint high-confidence entry points. Traders are advised to consider short positions with caution, given the oversold conditions in the short term.The 4-hour chart tells a different story, marking a reversal from a previous uptrend to a sustained downward momentum. Increased volume on downward candles points to significant selling pressure. Ethereum found previous support near the $1,907 range and faced resistance at the peak around $2,136. The absence of definitive continuation or reversal patterns suggests a cautious approach for traders looking for long-term positions.
Bull Verdict:Ethereum’s technical indicators, while presenting a mixed view, lean towards a bullish future. The longer-term moving averages, especially beyond the 20-day mark, signal strong buy actions, suggesting an underlying confidence in ethereum’s value growth.
Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical indicators offer a nuanced perspective on ethereum’s market position on Monday.
EthereumEthereum’s price, recorded at $2,019, indicates a downward phase amidst the volatile crypto market. Despite this, oscillators present a predominantly neutral stance. The relative strength index (RSI) stands at 55.8, while the Stochastic and commodity channel index (CCI) are at 66.5 and 23.8, respectively. These figures suggest a balanced market condition, with some slight bearish signals.The story takes a nuanced turn when analyzing ethereum’s moving averages. The exponential moving average (EMA) and simple moving average (SMA) at the 10-day mark indicate negative action at $2,037 and $2,031, respectively. However, longer-term EMAs and SMAs, particularly from the 20-day mark onwards, signal positive sentiment, illustrating a potential ether rise in the long run.
Ethereum chart by TradingViewIn the 1-hour chart analysis, ethereum exhibits a short-term downtrend, as indicated by consecutive red candles. Noteworthy spikes in selling volume are observed, yet buyer participation appears tepid. The chart lacks clear reversal patterns, making it difficult to pinpoint high-confidence entry points. Traders are advised to consider short positions with caution, given the oversold conditions in the short term.The 4-hour chart tells a different story, marking a reversal from a previous uptrend to a sustained downward momentum. Increased volume on downward candles points to significant selling pressure. Ethereum found previous support near the $1,907 range and faced resistance at the peak around $2,136. The absence of definitive continuation or reversal patterns suggests a cautious approach for traders looking for long-term positions.
Bull Verdict:Ethereum’s technical indicators, while presenting a mixed view, lean towards a bullish future. The longer-term moving averages, especially beyond the 20-day mark, signal strong buy actions, suggesting an underlying confidence in ethereum’s value growth.