Bitcoin price struggled to initiate a new rally above the $42,300 resistance zone. BTC is declining and currently under $40,000 and in danger of further downside. Bitcoin failed to start a new rally above the $42,000 resistance zone. The price is trading below $42,500 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $41,250. If the price closes below the $40,000 support, the pair could extend its losses. Bitcoin price turns red Bitcoin price started a new rise above the $40,000 support zone.…
Author: Crypto Flexs
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Rainbow, a cryptocurrency wallet accessible via mobile and browser, has launched a points-based program designed to reward current users and attract new users.On December 11, Rainbow captured a snapshot of user activity on Ethereum, forming the basis for initial eligibility for the program. We have allocated a minimum of 100 points to every Ethereum user as an incentive to explore the platform. In addition, Rainbow is targeting users of the popular web3 wallet MetaMask by providing point bonuses based on transaction volume to users who have used the MetaMask swap service in the past year. Rainbow’s points program is similar…
Lost money to a crypto or trading scam? Read this first: UK BASED – If your losses exceed £10,000 then Wealth Recovery Solicitors might be able to help. WRS is partnered with the National Crime Agency and has helped dozens of clients retrieve substantial sums. >> VISIT WRS USA/AUSTRALIA/CANADA – If your losses exceed $10,500 then contact Cybertrace. Cybertrace are a team of investigators specialising in cryptocurrency scams and tracing using custom AI tools. >> VISIT CYBERTRACETgtrautt, also known as TigerTrade, is a cryptocurrency scam platform that claims to provide trading and investment services but is actually scamming users.Investors are…
El Salvador is expected to introduce its long-awaited Bitcoin “volcano bond” in early 2024. El Salvador is a pioneering country in the use of cryptocurrency. The move comes after the government’s pioneering decision to accept Bitcoin as legal cash, an important milestone in the country’s continued acceptance of digital currencies. ‘Volcano Bonds’, legally approved by El Salvador’s Digital Assets Commission, are targeted for distribution in the first quarter of 2024. On December 11, El Salvador’s National Bitcoin Office (ONBTC) certifies that the information is accurate. This bond, which was scheduled to be launched in March 2022, has been delayed and…
FTX, previously the dominant player in the cryptocurrency exchange market, now faces a huge obstacle in its bankruptcy filing process. The Internal Revenue Service (IRS) issued FTX a massive tax bill worth $24 billion. This new development has the potential to significantly change the chances of recovery for those affected by the exchange collapse. Moreover, FTX’s creditors and victims, who were already suffering from the exchange’s collapse, now face additional difficulties. FTX’s legal team challenged the Internal Revenue Service’s (IRS) $24 billion in unfair and exaggerated tax claims. The Federal Trade Commission (FTX) claims that if the tax bill goes…
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06 Nov Bitfinex Proudly Celebrates 11 Years of Innovation and Leadership in Bitcoin Posted at 14:30h in Announcements by Elodie Jallet Today we’ll take a look at Bitfinex’s decade-plus journey shaping the future of a parallel Bitcoin-based financial system, accessible to all. Bitfinex observes its 11th year in operation, a remarkable period characterised by sustained innovation and authoritative influence within the realms of Bitcoin, blockchain, and P2P technologies. Eleven Years in Bitcoin Can Seem Like a Lifetime On November 6th, 2023, Bitfinex is happy to celebrate our 11th anniversary, marking over a decade of continuous innovation and leadership in the…
“I’m a fan of cryptocurrencies, but specifically Bitcoin, Bitcoin. “The other coins are nothing,” he said in an interview. CNBC’s Money Movers podcast. Lutnick also said that he is a fan of Tether, as Cantor Fitzgerald is one of the stablecoin’s administrators. Other custodians include Charles Schwab (SCHW) and Fidelity.
AVAX price rose more than 50% and was trading above the $40 level. The Avalanche is currently correcting its uptrend, but bulls may remain active near the $32 support zone. AVAX prices have risen above the $30 and $40 levels against the US dollar. The price is trading above $30 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, there is a major bullish trend line forming with support near $35.00 (data source from Kraken). The pair could continue to rise if it stays above the $35 and $30 support levels. AVAX price corrected…
Binance and its founder Changpeng Zhao have refuted claims surrounding ‘investment contracts’ in a lawsuit against the U.S. Securities and Exchange Commission (SEC).Binance said: filing The SEC’s complaint on Tuesday said it “focuses on transactions by customers who clicked on the website, purchased tokens from other anonymous token holders, and then logged off.”The exchange added, “Among the transactions in question, there was absolutely no contract with the promoter to invest funds.”Binance claimed that the SEC ignored the requirement that the existence of an “investment contract” be determined on a transaction-by-trade basis.BAM Trading and BAM Management, which operates Binance.US, also announced…