Crypto La Finance https://cryptolafinance.com Legal Crypto and Finance Information Wed, 23 Nov 2022 10:42:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://cryptolafinance.com/wp-content/uploads/2021/11/favicon.png Crypto La Finance https://cryptolafinance.com 32 32 How to Take Advantage of AscendEX’s Amazing Offer to Earn Free Bitcoin https://cryptolafinance.com/crypto/how-to-take-advantage-of-ascendexs-amazing-offer-to-earn-free-bitcoin/ https://cryptolafinance.com/crypto/how-to-take-advantage-of-ascendexs-amazing-offer-to-earn-free-bitcoin/?noamp=mobile#respond Wed, 23 Nov 2022 10:42:14 +0000 https://cryptolafinance.com/?p=4548 The Bitcoin mining process has never been easier! – The prominent platform AscendEX, which operates in the bitcoin business, is set to initiate a tiny revolution. A revolutionary concept that allows you to generate satoshis (also known as sats, the smallest unit of Bitcoin) without any conscious effort. In actuality, investors are seeking to increase …

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The Bitcoin mining process has never been easier! – The prominent platform AscendEX, which operates in the bitcoin business, is set to initiate a tiny revolution. A revolutionary concept that allows you to generate satoshis (also known as sats, the smallest unit of Bitcoin) without any conscious effort. In actuality, investors are seeking to increase their financial holdings during this challenging period. Regardless of the conditions, AscendEX continues to innovate, assisting investors in achieving their objectives with new ideas after new idea. After AscendEX Earn’s high-yield staking solutions are implemented, the platform will establish a unique mining-based rewards structure. Now, the complete details of this astounding discovery will be given.

We are glad to supply you with this promotional piece as a consequence of our cooperation with AscendEX.

AscendEX is currently offering Bitcoin mining.

Since its inception in 2018, AscendEX has never lacked innovative ideas and continually proved its ability to enhance the industry. Shane Molidor, the CEO of AscendEX, and the rest of his team have navigated the complexities of this dynamic ecosystem to develop their platform into one of the most successful solutions available. This platform’s mobile application, staking, yield farming, usability, and fluidity are all essential features. In other words, they are engaged on all fronts. Their most recent innovation, which will probably surprise you, demonstrates that they are not resting on their laurels.

Bitcoin mining? It is as simple as 1-2-3.

Who could truly claim to be a crypto-addict if they have never considered Bitcoin mining? On the other side, the complexity of modern technology frequently renders it incomprehensible. AscendEX provides you with a turnkey solution so that you can bring your stone to the building and be an important part of this magnificent machine. This could not be any simpler. Utilize the platform to understand what I mean.

>> Get Free Bitcoins? You must register on AscendEX (commercial link)

You may mine Bitcoin with AscendEX and earn sats.

AscendEX is ready to introduce an exciting new rewards program that will offer Bitcoin mining incentives to users. Therefore, users can accumulate sats daily by utilizing the platform and completing several tasks and challenges of varying difficulty. By applying this strategy, the AscendEX platform intends to familiarise its user base with all of its features and capabilities. Accumulating satoshis has never been easier, and the application will no longer conceal any secrets. The final step for these mining prizes is to fall into your hands, and they cannot wait.

As soon as your registration is deemed life, you can begin accumulating valuable satoshis by logging in and surfing the application. Whether or not you are a trader, the value of your stocks will rise over time. In addition, as a token of our appreciation and a way to say “welcome,” we will give you 10,000 sats upon registration. The AscendEX teams have included a satoshi counter to both the website’s homepage and the mobile application. Once you have accumulated 100,000 sats, you can withdraw them from your account and store them in a hardware wallet or convert them into stablecoin, for example.

Currently, the quest for satoshis is underway.

In addition to bitcoin rewards for daily platform activities, AscendEX offers numerous missions for users to complete to increase their earnings. Your kitty will fill up with sats as you complete each task and add them to it. These challenges will range from the simplest, such as logging into the website daily, to the most difficult imaginable. You should often trade with greater than 5,000 USD. During the event, you will also be eligible to win prizes if you stake your cryptocurrency or trade futures.

A user can earn up to one thousand sats daily by simply logging into the application. This occurs almost entirely automatically. These rewards may be increased if the entire KYC verification procedure is completed.

Using the AscendEX platform, you can acquire satoshis without doing anything (or almost nothing).

AscendEX rewards are multiplied by 3 if the user completes the KYC.

Due to your Know, Your Customer (KYC) status, this AscendEX program will provide you with BTC bonuses that are three times the norm.

AscendEX Innovations has demonstrated its intention to cultivate a genuine community surrounding its application. The platform encourages its users to share their crypto-related experiences in an attempt to pique the interest of crypto enthusiasts already familiar with the technology. By sharing the application on their various social networks, potential investors can invite other investors interested in testing the platform. As soon as your friends have successfully registered, your piggy bank will be updated with additional seats. A new method of rewarding users has finally emerged, and it involves Bitcoin mining.

With the release of this brand-new program, AscendEX encourages users to thoroughly investigate the application for hidden new features. This initiative also encourages investors to return to fundamental investment strategies by connecting them to a fundamental component of the ecosystem. Bitcoin mining is the activity that underpins the entire cryptocurrency industry. In addition to being innovative, the AscendEX rewards program is founded on the company’s founding principles. So? Are you ready to start trading Bitcoin on the AscendEX platform?

Want profitable returns regardless of the current market condition? Attend the call given by the CEO, Shane Molidor, and then register for an AscendEX account. In addition to daily Bitcoin collection, the Earn program offers users the chance to profit from the cryptocurrency with a single click of multiple Defi protocols.

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The FTX Management Team Was Aware of the Million Dollar Cryptocurrency Heist https://cryptolafinance.com/crypto/the-ftx-management-team-was-aware-of-the-million-dollar-cryptocurrency-heist/ https://cryptolafinance.com/crypto/the-ftx-management-team-was-aware-of-the-million-dollar-cryptocurrency-heist/?noamp=mobile#respond Wed, 23 Nov 2022 10:37:48 +0000 https://cryptolafinance.com/?p=4325 Liar, liar – After reading these words, we thought that we were the only ones who knew that there was a mystery box. Spoiler: no. According to new information that has come to light, both Alameda Research and FTX knew that Sam Bankman-Fried had taken millions of dollars from Alamethere’s clients to save the company. …

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Liar, liar – After reading these words, we thought that we were the only ones who knew that there was a mystery box. Spoiler: no. According to new information that has come to light, both Alameda Research and FTX knew that Sam Bankman-Fried had taken millions of dollars from Alamethere’s clients to save the company.

The FTX teams knew about the lies and tricks.

The Wall Street Journal is thought to Explain that Caroline Ellison, the managing director of Alameda Research, and the senior officials of FTX knew that the company was lending the money of its customers to the Alameda company by using the voices of its sources. This can be done by telling them that FTX lent money to the Alameda company from the money of its customers.

During a meeting with FTX employees that was filmed this week, Mr. Ellison is said to have said that she, Sam Bankman-Fried, Nishad Singh, who is the director of engineering at FTX, and Gary Wang, who is the CTO and co-founder of FTX, were at least aware of SBF’s decision to send money to Alameda. Gary Wang is also said to have been in the room when the meeting took place. During this meeting, which was recorded, Caroline Ellison said that FTX had to help Alameda so that he could pay off his debts.

Also, these comments are more proof that there is a secret passageway between Alameda and FTX that lets money be moved without anyone knowing. They also believe all of the lies that Sam Bankman-Fried has spread through his many social networks. Even though he had already used his customers’ money to help Alameda Research, SBF said on social media the same day and the next that its customers’ money could still be found in FTX’s wallets.

Alameda’s money problems seem to have been the spark that set off the explosive situation. Bringing up the fact that Caroline Ellison and his partner, Sam Bankman-Fried, did things that were not clear or clear-cut. For example, his staff was reportedly offered cheaper FTX shares. In particular, Caroline Ellison’s actions are being called into question.

In crypto, do not economize on prudence! So, if you want to make sure that your cryptocurrency is safe, a personal hardware wallet is still the best way to do it. At Ledger, there is something for everyone and every kind of cryptocurrency. Don’t put off making sure your financial future is safe

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Hong Kong: The New Crypto Capital? ETFs Give a Big Boost https://cryptolafinance.com/news/hong-kong-the-new-crypto-capital-etfs-give-a-big-boost/ https://cryptolafinance.com/news/hong-kong-the-new-crypto-capital-etfs-give-a-big-boost/?noamp=mobile#respond Wed, 23 Nov 2022 10:35:14 +0000 https://cryptolafinance.com/?p=4228 To the pleasure of ETFs The laws in Hong Kong about cryptocurrencies seem to be moving in the right direction. As lawmakers work to make it easier for people to invest in Bitcoin (BTC) and its offspring, regulators want to clear the way for the launch of an exchange-traded fund for cryptocurrencies (ETF). Are exchange-traded …

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To the pleasure of ETFs The laws in Hong Kong about cryptocurrencies seem to be moving in the right direction. As lawmakers work to make it easier for people to invest in Bitcoin (BTC) and its offspring, regulators want to clear the way for the launch of an exchange-traded fund for cryptocurrencies (ETF).

Are exchange-traded cryptocurrency funds coming to Hong Kong’s stock markets in the near future?

In a speech, Julia Leung, the Deputy CEO of Hong Kong’s Securities and Derivatives Commission (SFC), said that the Hong Kong government is thinking about whether or not to let some cryptocurrency exchange-traded funds be sold (ETFs).

According to Julia Leung, the Chicago Mercantile Exchange (CME) futures contracts for Bitcoin and Ethereum are likely to be the first funds to get regulatory approval. She emphasised that the risks of ETFs tied to cryptocurrency derivatives have become “manageable.” Investors who are at risk because they own exchange-traded funds would benefit from having the right protections in place.

Anyone in Hong Kong, whether they are a business or an individual, can use cryptocurrencies.

The SFC is also going to hold a public meeting to talk about letting small investors trade virtual assets, so keep an eye out for that. Hong Kong lawmakers are thinking about new rules that would allow cryptocurrency exchanges to offer their services to the investors mentioned above.

At the moment, the BC Group and Hashnet can only offer their services to Hong Kong residents who are professional investors and can show they have a certain minimum amount of money.

When will everyone in Hong Kong be able to buy Bitcoin?

Legal permission to run a business has only been given to The BC Group and Fishnet. Urszula McCormack, a partner at the law firm King & Wood Mallesons, says that the restrictions on the services that crypto exchanges can offer have stopped other businesses in the industry from applying for this license. They are less likely to do it because of the bans on taking leveraged positions and trading by-products.

If this keeps up, Hong Kong will be well on its way to having a court that likes cryptocurrency. The Office of Financial Services in the U.S. Department of the Treasury has said that virtual assets are “growingly accepted” as a way for individual and institutional investors all over the world to invest.

Huobi Tech also put down money at the beginning of this year for the launch of a cryptocurrency exchange-traded fund (ETF) for small investors in Hong Kong. Once this loosening of rules, which is what lawmakers and regulators want, is put into place, Huobi Tech’s projects should be able to move forward.

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The Ethereum road map: six steps to alter the crypto world https://cryptolafinance.com/news/the-ethereum-road-map-six-steps-to-alter-the-crypto-world/ https://cryptolafinance.com/news/the-ethereum-road-map-six-steps-to-alter-the-crypto-world/?noamp=mobile#respond Wed, 23 Nov 2022 10:32:50 +0000 https://cryptolafinance.com/?p=4224 A new wind for Ethereum – Launched in 2015, the network Ethereum continues to evolve through frequent updates. Two months after the transition to Proof of Stake, Vitalik Buterin just unveiled a new roadmap for the project. After The Merge: a new roadmap for Ethereum On September 15, the Ethereum network experienced a historic update …

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A new wind for Ethereum – Launched in 2015, the network Ethereum continues to evolve through frequent updates. Two months after the transition to Proof of Stake, Vitalik Buterin just unveiled a new roadmap for the project.

After The Merge: a new roadmap for Ethereum

On September 15, the Ethereum network experienced a historic update via the deployment of The Merge. In practice, this update marked the final transition from Ethereum from Proof of Work to Proof of Stake.

A change of consensus will allow the deployment of other major updates in the future. Precisely, we have just learned more about the upcoming events for Ethereum. Indeed, on November 5, Vitalik Buterinthe co-founder of Ethereum posted on Twitter a diagram showing the new roadmap of the project.

This new roadmap is made up of 6 steps entitled: The Merge, The Surge, The Scourge, The Verge, The Purge, and The Splurge.

Although their names are not self-explanatory, each of these stages has a series of updates aimed at drastically improving network performance.

Step 1: The Merge

The first step in this long series of developments is called The Merge. This stage includes several milestones that have already been achieved, including the move to Proof of Stake.

Diagram of The Merge in the new Ethereum roadmap.
Diagram of The Merge

This has one objective: to obtain a blockchain with Simple, robust, and decentralized Proof of Stake. However, the transition to Proof of Stake does not mark the end of this stage. Indeed, this one still includes several evolutions.

Among them, we find in particular the possibility of withdrawing the funds deposited in staking on the beacon chain. The feature that should be deployed during the Shanghai hard fork. This stage will include other novelties, such as the Single Slot Finality (SSF) or even improvements on signature aggregation.

Step 2: The Surge

The second stage of this series of evolution is called The Surge. Its objective is to improve the performance of the network by reaching 100,000 transactions per second on second-layer solutions (rollups).

Diagram of The Surge in the new Ethereum roadmap.
Diagram of The Surge

This emphasizes the EIP 4844also called Proto Danksharding. This one “introduces a new type of transaction in Ethereum that accepts ‘blobs’ of data to be held in beacon chain nodes for a short period”. This will thus improve the performance of the second-layer solutions.

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Step 3: The Scourge

The third step of this roadmap is titled The Scourge. This emphasizes censorship resistance, particularly at the block validation level.

Diagram of The Scourge in the new Ethereum roadmap.
Diagram of The Scourge

“The goal is to ensure the inclusion of trustworthy and credibility-neutral transactions and to avoid centralization and other protocol risks associated with SRM. »

Vitalik Buterin

To do this, Vitalik Buterin envisages the creation of other block markets than those currently used by SRM operators. In addition, this step could lead to research regarding protection against front-running.

Step 4: The Verge

The fourth stage of the new roadmap is called The Verge. This emphasizes data accessibility.

Diagram of The Verge in the new Ethereum roadmap.
Diagram of The Verge

Indeed, The Verge aims to improve thin clients and facilitate access to block data.

In addition, this step will focus on Zero-Knowledge proofs, especially the evidence SNARKS. Via this step, Vitalik Buterin aims for a complete transition from Ethereum to SNARKS proofs.

“The Verge is not just about ‘verkle trees’. It’s a matter of ‘verification’. End goal: Ethereum fully SNARKed. »

Vitalik Buterin

Step 5: The Purge

This fifth and penultimate step is called The Purge. This aims to simplify the protocol.

Diagram of The Purge.
Diagram of The Purge

“The goal is to simplify the protocol, eliminate technical debt, and limit the costs of participating in the network by cleaning up the history. »

Vitalik Buterin

This stage will see developments such as the rapid synchronization of nodes. This should be made possible through EIP 4444.

“Clients should stop serving historical headers, bodies, and receipts older than a year on the p2p layer. Customers can locally prune this historical data. »

Vitalik Buterin

Step 6: The Splurge

The sixth and last step of this new roadmap is called The Splurge. This aims to correct “everything else”.

Diagram of The Splurge.
Diagram of The Splurge

Thus, this step will include a revision of the mechanisms of the EIP 1559. It will also introduce theERC 4337a new standard that focuses on the abstraction of accounts.

In the meantime, the Ethereum network will continue to advance step by step, hard fork after hard fork. For example, the next network update will be via the hard fork Shanghai, planned for the year 2023.

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Massive layoffs at Meta: Is Mark Zuckerberg’s firm in trouble? https://cryptolafinance.com/news/massive-layoffs-at-meta-is-mark-zuckerbergs-firm-in-trouble/ https://cryptolafinance.com/news/massive-layoffs-at-meta-is-mark-zuckerbergs-firm-in-trouble/?noamp=mobile#respond Wed, 23 Nov 2022 10:30:45 +0000 https://cryptolafinance.com/?p=4214 After the freeze, layoffs – At Meta, the end of the year is marked on the one hand by partnerships that allow the company to continue its web3 development, and on the other hand by layoffs that could affect thousands of employees. On the one hand, the end of the year is marked by partnerships …

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After the freeze, layoffs – At Meta, the end of the year is marked on the one hand by partnerships that allow the company to continue its web3 development, and on the other hand by layoffs that could affect thousands of employees. On the one hand, the end of the year is marked by partnerships that allow the company to continue developing in web3, while on the other hand, the end of the year is marked by partnerships that allow the company to continue developing in web2.

According to a report published on November 6 by the Wall Street Journal, Meta is reportedly considering firing hundreds of its employees. This massive layoff could be one of the most significant staff reductions ever implemented by a technology company. Meta employs approximately 87,000 individuals.

After declaring a hiring freeze in September of last year, the business would like to make additional cuts to its human resources budget.

Meta’s advertising revenue growth has slowed due to competition from other platforms like Tik Tok. As early as July, rumors began to circulate regarding the contraction of Meta’s workforce. This is due to the increased competition Meta faces from other platforms. At that time, a hiring freeze was implemented to reduce expenditures by 10%.

The fact that the corporation’s Metaverse division has reported a loss of more than $9 billion is the most recent addition to the list of circumstances that could effectively force the company to lay off thousands of employees.

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Kim Kardashian must pay $1.26 million for a misleading Ethereum ad. https://cryptolafinance.com/news/kim-kardashian-must-pay-1-26-million-for-a-misleading-ethereum-ad/ https://cryptolafinance.com/news/kim-kardashian-must-pay-1-26-million-for-a-misleading-ethereum-ad/?noamp=mobile#respond Wed, 23 Nov 2022 09:48:57 +0000 https://cryptolafinance.com/?p=4263 I couldn’t sacrifice my emotions for a publicity stunt, but she doesn’t seem too concerned about the money her fans will lose out on. Kim Kardashian was taken aback by the reality that even celebrities are subject to scrutiny on virtual currencies. A combination of quality swimwear and cryptography is the prescription for a productive …

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I couldn’t sacrifice my emotions for a publicity stunt, but she doesn’t seem too concerned about the money her fans will lose out on. Kim Kardashian was taken aback by the reality that even celebrities are subject to scrutiny on virtual currencies.

A combination of quality swimwear and cryptography is the prescription for a productive summer.

In June 2021, the reality TV “star” promoted EthereumMax (EMAX) on Instagram without disclosing compensation.
The message began with the standard disclaimer that “this is not investment advice” before describing how incredible the token was and emphasizing that it would be foolish to pass up an opportunity with such huge potential.
Given that the account has over 228 million active followers, it is not difficult to imagine how many individuals were lured by this wonderful offer given by their favorite celebrity. Their favorite celebrity made this offer.

Floyd Mayweather and Paul Pierce were both in possession of shitcoin (Boston Celtic). She was merely relaying what his friends had just said about the EMAX token, a celebrity whose breasts were as big as her ego.
However, she neglected to indicate that her reward for promoting this project exceeded two hundred and fifty thousand dollars. This was a factor that the Securities and Exchange Commission (SEC) did not weigh heavily. In the United States, there is a statute known as “anti-solicitation,” and the incident involving the young woman is a good illustration of how it should be enforced.

Despite being at the beach, Kim does not get wet.

The SEC acted immediately in response to the concerns expressed by a substantial number of consumers. Even though the court case is still ongoing, it looks like the three celebrities will have difficulty defending themselves.
The SEC can drive home its point by bringing the trial to the attention of the cameras, who are delighted to observe the latest escapades of their favorite bimbo.

This story serves as a cautionary tale to investors that just because a famous person or influential person backs a certain investment opportunity (such as crypto asset securities), that doesn’t mean that the investor should necessarily put their money into that opportunity. […] Every investor should weigh the risks and rewards of an investment against their individual financial goals. […] The example of Ms. Kardashian serves as a reminder that prominent figures like herself are obligated by law to reveal when and how much they are paid to encourage securities investing.

Gary Gensler, Chairman of the SEC

Significant numbers of individuals followed the young woman’s advice, resulting in the current price of EMAX having increased by more than 1,370%. Then, as may have been anticipated, there was a precipitous decline of more than 98%. It is unknown if Kim took advantage of the opportunity to sell his tokens in addition to getting a hefty commission on the purchases of his followers.

The famous actress has not publicly addressed the rumor that she “attempted” to conceal some information, which shows she is oblivious to her own free will. On the other side, she agreed to send a $1.26 million check to the SEC.

In addition, she promised not to bring attention to any token or cryptocurrency for the next three years. In the end, it would be better for the environment if she simply refrained from discussing the issue.

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Bitcoin in An Air pocket? – The Weekly Macro Update https://cryptolafinance.com/news/bitcoin-in-an-air-pocket-the-weekly-macro-update/ https://cryptolafinance.com/news/bitcoin-in-an-air-pocket-the-weekly-macro-update/?noamp=mobile#respond Wed, 23 Nov 2022 09:38:49 +0000 https://cryptolafinance.com/?p=4562 The crisis continues for cryptos – While the FTX affair has left its mark on cryptocurrencies, it seems that Genesis is also close to bankruptcy. For its part, Bitcoin marks a new low, while altcoins like Ethereum, or the Binance Coin, maintain their low from last June. With the US market on the rise again, …

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The crisis continues for cryptos – While the FTX affair has left its mark on cryptocurrencies, it seems that Genesis is also close to bankruptcy. For its part, Bitcoin marks a new low, while altcoins like Ethereum, or the Binance Coin, maintain their low from last June. With the US market on the rise again, could it bring cryptos with it once the FTX affair is digested? This is Le Point Macro Hebdo!

Bitcoin continues to fall

The king of cryptocurrencies is weakit marks a new low in this complicated context:

Bitcoin price against the dollar (3D)

Despite the recent new low, the situation remains the same. The level at $19,000 will be very important, because it has not been tested as resistance for the moment. If the price is rejected at this level, the price could fall until the next bracket at $11,500 (-40%). On the other hand, if the buyers succeed in recovering the area at $19,000and to exceed the bearish trendline, the price could recover. Also, the institutional bias (EMA 9/EMA 18) is bearish and could once again serve as dynamic resistance in the coming days. At the moment, the price of Bitcoin (BTC) is bearish.

The momentum is very solid. The stochastic continues to move above the last low in June, while the price made a new low. The current movement may be just one DETOUR. To confirm this, it will be necessary in this case to repeat the $19,000 as support.

At the same time, whales with more 10,000 BTC in portfolio seem to want accumulate. Be careful, these are players who are aiming for the long term, but this shows that they are interested in current levels:

The whales continue to accumulate at these levels.
Addresses with more than 10,000 Bitcoin in wallet Source: Glassnode

Since mid-October, the whales pulled the trigger hard. These actors had distributed since the beginning of 2021, they have started to change their behavior since May 2022. This does not mean that the price will rise again quickly, but it is interesting to study the behavior of big wallets.

>> The exchange that offers you 10,000 sats of bitcoin on signup is AscendEX (commercial link) <<

The dollar continues to develop its top? Gold attempts a bullish recovery

The dollar must be rejected at 109 points

The dollar index is showing feverishness for a few weeks, it will be necessary to confirm in the coming weeks:

The dollar index must be rejected at 109 points.
Dollar index chart (3D)

The course evolves under the former 109 point support. This is the first time since June 2021 that the institutional bias has crossed bearish in unit of time 3 days. These EMAs could act as dynamic resistance in the coming days. A weak dollar would allow a return of theattractiveness of risky assetsit is for this reason that the level at 109 points must operate as resistance. A return to the support level at 102.5 points would be beneficial for risky assets (US market, cryptocurrencies).

The momentum is showing brittle, it marks troughs and descending peaks. The momentum should continue for buyers of risky assets.

Gold is trying to come back up

After a complicated year, gold is trying to end in style. For the moment, the price is moving above the weekly support at $1,690 :

Gold is moving above the weekly support.
Price of gold against the dollar (3D)

The institutional bias is crossing bullishthis could allow a bounce in the coming days. The objective of the buyers is to keep the weekly support. If the support is maintained, is likely to find the price of gold at the level of resistance at $1,970. For the moment, the primary trend remains intact, but it will be necessary to confirm a bullish exit from this tidy to keep it. Attention, a fall below the support could lead to a new low, this scenario would invalidate the double bottom set up from the fence above $1,730.

Momentum continues to show lows and rising highs, momentum needs to continue to hope to see gold rally again. rise.

The US market is on the rise again

S&P 500 retains support at $3,900

Last week, the price was above $3,900, an important area for this asset. For now, the S&P500 keeps this area as support :

The S&P 500 is moving above the support at $3,900.
Price of the S&P 500 against the dollar (3D)

The price of the American index remains febrile, as it marked a new low in October 2022 and the V bottom structure is likely to remain. Market lows generally occur in two stages, so the price could quickly find resistance and might come back to test the lows at $3,500. It will be necessary to exceed the resistance at $4,150 and the bearish trendline to find an attractive course. Until then, it would be healthy to find a trough, higher than the previous one at $3,500.

The momentum retains its solidity despite the new lows marked by the price. However, the area to 58 of RSI could do resistance in the coming days. It will be necessary to go beyond this zone to regain buying strength.

Apple is trying to develop a double bottom

The American giant is one of the most capitalized stocks on the American market, and one of the few to keep its head above water. For now, the support at $135 holds:

Apple's price action retains support at $135.
Apple price against the dollar (3D)

Since September 2022, the price has fluctuated between the bracket at $135 and the resistance at $152. While the course is in contact with the resistance, buyers have the opportunity to change the momentum every week. This would require a fence greater than $158 in 3 days, then in weekly time unit. Whatever happens, the course will remain brittle as long as he’s stuck under the bearish trendline initiated in January 2022.

The RSI had been marking lows and descending highs since late 2021, it looks like the momentum is changing. To confirm the dynamic bullish on the RSI, it will be necessary to break out of the zone to 62 of RSI. Apple is one of the few resilient assets given the macroeconomic context, the support should not $135 give in.

BTC is in a delicate situation. The king of cryptocurrencies continues to fall and mark new lows. For this asset, the $19,000 area is very important. It will be necessary to be attentive to the evolution of the price in contact with this zone. The dollar must be rejected at 109 points to allow risky assets to express themselves. Here again, we will have to be attentive to the evolution of the dollar index in the weeks to come. For the moment, the US market is benefiting from this, but it will take more to confirm an end to the bear market. In this complicated period, Apple is one of the few large-cap assets to remain solid. The weekly support at $135 must hold to attempt a change in momentum.

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Bitcoin Mega-Bank JP Morgan is Developing a Crypto Wallet. https://cryptolafinance.com/crypto/bitcoin-mega-bank-jp-morgan-is-developing-a-crypto-wallet/ https://cryptolafinance.com/crypto/bitcoin-mega-bank-jp-morgan-is-developing-a-crypto-wallet/?noamp=mobile#respond Wed, 23 Nov 2022 09:26:47 +0000 https://cryptolafinance.com/?p=4553 Banks and cryptocurrencies converging? – The worldwide financial business of J.P. Morgan stands apart from its competitors. Despite not being especially fond of Bitcoin (BTC) and other decentralized cryptocurrencies, the megabank has shown an early interest in blockchain technology and as of February 2019 has already unveiled his “JPM Coin.” We learned today that the …

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Banks and cryptocurrencies converging? – The worldwide financial business of J.P. Morgan stands apart from its competitors. Despite not being especially fond of Bitcoin (BTC) and other decentralized cryptocurrencies, the megabank has shown an early interest in blockchain technology and as of February 2019 has already unveiled his “JPM Coin.” We learned today that the largest bank in the world is preparing to offer its bitcoin wallet.

When can we anticipate the release of the “J.P. Morgan Wallet?”

Because she has a split personality between her mind and her body, the colossal banking octopus JP Morgan has a unique view of cryptocurrencies and Bitcoin in particular. Jamie Dimon, its chief executive officer, is passionately opposed to cryptocurrencies, labeling Bitcoin a “fraud” since 2017 and a “decentralized Ponzi scheme” more recently.

In contrast, its services have utilized one of the core technologies behind cryptocurrencies since an incredibly early stage (at least for a bank). The term for this technology is blockchains. Quorum, JP Morgan’s first blockchain-based payment network, was introduced in September 2018 and was called after the blockchain. Since then, she has amassed a wealth of knowledge on the topic and created a brand-new system based on this technology. She has christened this new system Onyx.

Regardless of Jamie Dimon’s frequent attacks on Bitcoin, his bank continues to build its cryptocurrency business. Michael Kondoudis, an attorney who specializes in patent and trademark applications, is the one who reports via Twitter. Therefore, the phrase “J.P. Morgan Wallet” was just granted trademark protection.

Wallet by J.P. Morgan is now officially a trademark.

Twitter account @KondoudisLaw

Are the world’s most critical financial institutions prepared to accept cryptocurrency as payment?

Therefore, among the numerous JP Morgan Wallet services, we find several that are directly relevant to our cherished cryptocurrency assets (and which are also among the first mentioned):

This can be demonstrated through the provision of digital currency exchanges, the acceptance of cryptocurrency as a form of payment, and the processing of electronic currency transfers.

Even though it’s possible that JP Morgan only got approval for its request for its cryptocurrency wallet on November 15, 2022, we’re going to mention below that the desire to have its cryptocurrency wallet is nothing new for the massive financial services company. Because even if, as we stated earlier, Jamie Dimon was still of the opinion that Bitcoin was a “Ponzi” scheme in September of last year, the registration application for JP Morgan’s Wallet is dated July 2020!

It's official, JP Morgan is going to offer its own Bitcoin and crypto wallet.
U.S. Patent and Trademark Office grants patent on JP Morgan Wallet (tsdr.uspto.gov).Therefore, JP Morgan will permit transfers of whatever its CEO is willing to deal with, which will include pyramid schemes. Having a split personality is real, believe us. Also, it should be beyond dispute that Jamie Dimon despises decentralized cryptocurrencies. Indeed, JP Morgan executed the first Decentralized Finance (DeFi) exchanges on this day using polygon (MATIC) and Aave.

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Grayscale’s Bitcoin Trust gets $1.5 million from Cathie Wood (ARK). https://cryptolafinance.com/news/grayscales-bitcoin-trust-gets-1-5-million-from-cathie-wood-ark/ https://cryptolafinance.com/news/grayscales-bitcoin-trust-gets-1-5-million-from-cathie-wood-ark/?noamp=mobile#respond Wed, 23 Nov 2022 09:21:15 +0000 https://cryptolafinance.com/?p=4565 Did it make touch without sinking? – The cryptocurrency firm Genesis Trading likely had to cease a section of its activities unexpectedly when the FTX market experienced a significant decline. It is crucial to note that the bankruptcy of Three Arrows Capital (3AC) had already affected it by June of last year. As a result, …

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Did it make touch without sinking? – The cryptocurrency firm Genesis Trading likely had to cease a section of its activities unexpectedly when the FTX market experienced a significant decline. It is crucial to note that the bankruptcy of Three Arrows Capital (3AC) had already affected it by June of last year. As a result, fears of an outbreak quickly spread to other members of the Digital Currency Group (DCG), which included Grayscale Investment. However, it is evident that this does not disturb Cathie Wood’s conviction in Bitcoin, since she recently redeemed shares from her Bitcoin-focused investment fund (GBTC).

Cathie Wood and ARK continue to have faith in Grayscale and its GBTC.

In the setting of the extraordinary hysteria that characterizes the bitcoin market, even the tiniest negative indicator can spark a panic that is out of control. Contrary to what some individuals had hoped for as a form of reassurance, Grayscale Investment n/a did not intend to offer evidence of his BTC reserves for his fund Grayscale Bitcoin Trust (GBTC).

However, some market observers continue to be tormented by dread, uncertainty, and doubt (fear, uncertainty, and doubt). Nonetheless, this is not the case with Cathie Wood.

Indeed, as reported by us and CoinDesk, the founder and CEO of ARK Invest acquired 176,945 GBTC shares on November 21, 2022. This transaction occurred. This purchase costs $1.5 million given the current price of GBTC.

Bitcoins can be purchased in their fictional form for less than $8,800 each.

Before the market volatility caused by FTX last week, ARK Invest had acquired 315,259 shares in Grayscale’s Bitcoin fund. Even though FTX was responsible for the volatility, this occurred. The Cathie Wood company would now have approximately $53 million worth of GBTC, slightly more than 6.35 million GBTC.

About the most recent purchase, which occurred on Monday, the price was marked down by an enormous 45 percent compared to the current market value of bitcoins. Since the market price of Bitcoin fell below $16,000 on November 21, the proportional price of GBTC shares (each of which equals approximately 0.00091 BTC) made it possible to purchase a bitcoin for less than $8,800.

If Grayscale maintains its footing and survives the crypto winter, Cathie Wood’s wager could be profitable on two fronts. Despite this, the Digital Currency Group companies are still far from escaping their current predicament. Be mindful, however, that Gemini, the cryptocurrency exchange owned by the Winklevoss twins, may be able to assist Genesis, the most vulnerable of the three.

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FTX is going to restart the withdrawal process… in Japan. https://cryptolafinance.com/news/ftx-is-going-to-restart-the-withdrawal-process-in-japan/ https://cryptolafinance.com/news/ftx-is-going-to-restart-the-withdrawal-process-in-japan/?noamp=mobile#respond Wed, 23 Nov 2022 09:17:36 +0000 https://cryptolafinance.com/?p=4574 Inequalities attributable to geography – The collapse of FTX and the insolvency of its 130 affiliated companies have thrown the cryptocurrency sector into a state of deep turmoil that will leave its imprint on the industry for a very long time. With the threat of bankruptcy of other cryptocurrency platforms and big financial institutions but …

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Inequalities attributable to geography – The collapse of FTX and the insolvency of its 130 affiliated companies have thrown the cryptocurrency sector into a state of deep turmoil that will leave its imprint on the industry for a very long time. With the threat of bankruptcy of other cryptocurrency platforms and big financial institutions but also incorrect political recoveries, indeed nothing will be spared for investors who are still looking for reasons to have optimism for the future. Fortunately, a possible withdrawal of funds that have been stopped on FTX Japan is planned to take place before the end of the year, so there is some positive news to report this morning from the Land of the Rising Sun. Explanations.

Why is Japan the only country concerned?

It all started with a hasty move – and in hindsight, illuminating – made by the Financial Services Agency (FSA) of Japan, which ordered FTX Japan to suspend buy orders on its platform on November 10. The following day, she also begins several administrative processes against the corporation, including the suspension of over-the-counter transactions (over-the-counter) and new deposits in particular.

This ruling was to be in effect until December 9, with a review clause in place for November 16, during which time a strategy was to be presented to protect investors and increase openness regarding the issue. All of this will never come to pass because, on the same day, November 11th, all 130 firms connected to FTX filed for bankruptcy, including FTX Japan Holdings, FTX Japan, and FTX Japan Services. This means that none of this will ever take place.

There is a possibility that Japanese authorities are one step ahead of those in other countries.

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However, despite being subject to the same treatment as all “FTX” firms at present, the Japanese branch of the bankrupt platform would have an advantage over the others due to the speed with which the national regulator works. They are members of NHKa, a public radio and television company, and they are the ones that broke the news of the scandal to the broader public.

A leader of FTX Japan allegedly told reporters under the guise of anonymity that there was 138 million USD on accounts on November 10, the day activities were terminated. This same leader believes that it is feasible for Japanese FTX firms to be subjected to a different treatment by the government, and as a result, they may think about withdrawing their funds before the end of the year. No confirmation was provided regarding the property of unknown individuals that were being held there.

As a result, all of the Japanese subsidiaries ought to be put up for sale, and the money owed by some of the Japanese clients ought to be recouped. Having stated that, the testimony of the international legal and political situation compels us to proceed with the utmost prudence because of its fragility and complexity. Users of FTX have begun to organize as a group to protect their interests, and it is hoped that this national initiative will provide other jurisdictions with ideas on how to compensate them for the financial loss they have sustained as a result of this.

The cryptocurrency market and the technology behind blockchains are still relatively new and very volatile. Any investment includes risk. Have you, as a savvy investor, conducted your investigation and conclude that you should invest? Follow this link and you’ll be able to claim a welcome bonus of 10,000 satoshis (SATs) of bitcoin simply for registering an account with AscendEX (commercial link).

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