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This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
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With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ADVERTISEMENT

\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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August 15, 2024

Artificial Intelligence

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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August 15, 2024

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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August 15, 2024

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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August 15, 2024

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The latest move is a departure from the\u00a0stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\n
The latest move is a departure from the\u00a0stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\n
The latest move is a departure from the\u00a0stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\n
The latest move is a departure from the\u00a0stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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August 15, 2024

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Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Follow The Distributed

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\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

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\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Artificial Intelligence

Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development

December 3, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

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\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 … 19 Next

Most Read

Altcoins

$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

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\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
The 50 and 100 EMA are yet to plot a crossover that will determine the current market bias.<\/li>\n\n\n\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
The price is steady above the current support and may continue moving within the short-term bullish momentum.<\/li>\n\n\n\n
The 50 and 100 EMA are yet to plot a crossover that will determine the current market bias.<\/li>\n\n\n\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
Despite the recent bearish move, DOGE returns above the current support at $0.0725.<\/li>\n\n\n\n
The price is steady above the current support and may continue moving within the short-term bullish momentum.<\/li>\n\n\n\n
The 50 and 100 EMA are yet to plot a crossover that will determine the current market bias.<\/li>\n\n\n\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
\n
Despite the recent bearish move, DOGE returns above the current support at $0.0725.<\/li>\n\n\n\n
The price is steady above the current support and may continue moving within the short-term bullish momentum.<\/li>\n\n\n\n
The 50 and 100 EMA are yet to plot a crossover that will determine the current market bias.<\/li>\n\n\n\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 – Dogecoin Technical Analysis

January 7, 2023 - Updated on April 10, 2023

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\n
Dogecoin: Key Findings<\/h2>\n\n\n\n
\n
Despite the recent bearish move, DOGE returns above the current support at $0.0725.<\/li>\n\n\n\n
The price is steady above the current support and may continue moving within the short-term bullish momentum.<\/li>\n\n\n\n
The 50 and 100 EMA are yet to plot a crossover that will determine the current market bias.<\/li>\n\n\n\n
Stochastics level rebounds from the oversold zone, indicating an upcoming bullish trend.<\/li>\n\n\n\n
The upcoming resistance near $0.0917 remains the primary upside target for Dogecoin.<\/li>\n<\/ul>\n\n\n\n
$\"Dogecoin$ <\/a>
DOGEUSD<\/a> may retest $0.0917 following the current bullish momentum. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Dogecoin (DOGEUSD) Technical Analysis<\/h2>\n\n\n\n
Dogecoin began a solid downside rally since the price got rejected at $0.1100 on December 5th. However, the bearish move stalled near the long-term support at $0.0725 since the price pulled back above the support with a steady bullish momentum.<\/p>\n\n\n\n
We\u2019ll closely watch the next crossover between 50 and 100 EMA for more significant trend confirmation. If the EMAs plot a bullish crossover and the DOGEUSD manage to hold above $0.0712, we may see the price initiate a bullish trend from this level and approach the current resistance near $0.0917.<\/p>\n\n\n\n
According to the Stochastic Oscillator, the %K exceeds the %D line. Also, the indicator value surged above the oversold zone (25), suggesting a possible bullish move ahead.<\/p>\n\n\n\n
If DOGE fails to remain above the current support ($0.0712), we\u2019ll consider the price rejoining the recent downtrend and may head towards a further downside target near $0.0564.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Hopeful That ZCash And Dogecoin Move To PoS \u2013 Vitalik Buterin<\/a><\/p>\n","post_title":"$DOGE Looks Steady Above $0.0725 And May Pullback To The Critical Resistance Near $0.0917 \u2013 Dogecoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"doge-looks-steady-above-0-0725-and-may-pullback-to-the-critical-resistance-near-0-0917-dogecoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:20","post_modified_gmt":"2023-04-10 07:43:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9213","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9217,"post_author":"13","post_date":"2023-01-05 23:55:13","post_date_gmt":"2023-01-05 12:55:13","post_content":"\n
The Israel Securities Authorities (ISA) has introduced<\/a> a legal framework to regulate cryptocurrencies under its purview, protecting investors while benefiting from the advantages of the asset class. The ISA wants to amend the current laws to accommodate digital assets.<\/p>\n\n\n\n
In particular, the authority plans to bring cryptos under the existing securities laws, treating them as financial investments. Further, ISA is seeking to amend the current policies since the laws are difficult to implement in their current state. The authority also aims to have a flexible approach to regulations to accommodate changes in the technology underlying digital assets.<\/p>\n\n\n\n
ISA Is Keen On the Regulatory Milestones In Other Countries<\/h2>\n\n\n\n
In an interview shared with Coindesk, Anat Guetta, the chairperson of ISA, said she was borrowing a leaf from the approach taken by her US counterparts. \u2018\u2018We have to wake up and understand that there is no real difference between crypto and securities, and we have to unify the definition to protect consumers and investors and to make this industry legitimate,<\/em>\u2019\u2019 she said<\/a>.<\/p>\n\n\n\n
The new stance by the Israeli government comes in the wake of high-profile meltdowns in the sector, including the collapse of Celsius<\/a>, which ISA noted had extensive operations in the Middle Eastern country. ISA has opened the proposal to the public for comments until February 12, and there will be six months before the law is affected.<\/p>\n\n\n\n
In November, Israel\u2019s ministry of finance, through its chief economist, posted a report<\/a> suggesting, among other things, the removal of barriers in the digital asset space and the expansion of the existing legal frameworks. The report - done in consultation with the EU MiCA legislation - also aims to have a tax payment mechanism.<\/p>\n","post_title":"Israel Regulates Cryptocurrencies As Financial Investments In Proposed ISA Framework","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"israel-regulates-cryptocurrencies-as-financial-investments-in-proposed-isa-framework","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/celcius-files-for-bankruptcy-revealing-a-billion-dollar-deficit\/","post_modified":"2023-01-06 00:29:49","post_modified_gmt":"2023-01-05 13:29:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9217","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9207,"post_author":"14","post_date":"2023-01-05 21:20:29","post_date_gmt":"2023-01-05 10:20:29","post_content":"\n
QNT is the Quant network's native cryptocurrency that powers the ecosystem and is used as the sole payment method for the use of Quant network's products, which aims to bring interoperability to blockchains. Last year brought a myriad of challenges for the cryptocurrency market, and it is important to note that QNT, like most other cryptocurrencies, came under selling pressure after the collapse of FTX<\/a>.<\/p>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and the upcoming weeks could be a tough period for Quant (QNT). Major central banks signaled that they would keep lifting interest rates in 2023 in order to bring down inflation, and investors continue to worry that aggressive monetary policy could cause a multiyear recession.<\/p>\n\n\n\n
The cryptocurrency market is correlated to equities and vulnerable to macro market shifts, while many analysts said they would not be surprised to see Bitcoin below $15,000 in January 2023. If this really happens, Quant (QNT), together with many other cryptocurrencies, would be at lower price levels.<\/p>\n\n\n\n
On the other side, a global asset management firm Bernstein reported this week that it continues to support the industry and sees buying opportunities in various cryptocurrencies. Bernstein analysts remain optimistic that many cryptocurrencies could reach new heights, and they said<\/a> in a note to its clients:<\/p>\n\n\n\n
\"While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.\"<\/em><\/p>\n\n\n\n
Technical Analysis Of Quant (QNT)<\/h2>\n\n\n\n
The price of Quant (QNT) has weakened from $228.30 to $94.08 since October 17, 2022, and the current price stands at $107.36. The price has formed a bearish rectangle pattern, a continuation pattern that typically resolves after the price breaks out of its range while pursuing the direction of its previous trend.<\/p>\n\n\n\n
$\"QNT$
QNT Technical Analysis on TradingView showing support and resistance indicators.<\/figcaption><\/figure>\n\n\n\n
QNT might have a hard time holding above the $100 level in the upcoming days, and a break below this level would indicate that we could see this crypto at $90 or even $below. The upside potential remains limited for now; still, if the price of QNT jumps above $130, the next target could be $140.<\/p>\n\n\n\n
Quant Price Prediction For Janurary<\/h2>\n\n\n\n
The cryptocurrency market is still not able to show positive signs, and in the days ahead, QNT might have a hard time holding above the current support level, which stands at $100. A short-term QNT price prediction is determined by a break below these levels, which indicates that we could see QNT at $90 or even $80. <\/p>\n\n\n\n
This is not investment advice or financial advice, and any investment decision must be taken with precaution.<\/p>\n","post_title":"Quant (QNT) Price Prediction for January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:40","post_modified_gmt":"2023-04-10 07:43:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9240,"post_author":"15","post_date":"2023-01-05 20:03:18","post_date_gmt":"2023-01-05 09:03:18","post_content":"\n
Many altcoins rose last week, but investors are looking for hard evidence of a market bottom. In the past week, the altcoin market has risen by double digits. According to Coingecko<\/a>, BTC is up just 1.7%, and ETH is up 5.2% over the past seven days, while these five altcoins are up more than 15%.<\/strong><\/p>\n\n\n\n
BitDAO (BIT): 47.4%<\/p>\n\n\n\n
Lido DAO (LDO): 42.3%<\/p>\n\n\n\n
Solana (SOL): 35.3%<\/p>\n\n\n\n
Ethereum Classic (ETC): 26.4%<\/p>\n\n\n\n
Near Protocol (NEAR): 19.3%<\/p>\n\n\n\n
A strong rally led by BitDAO and Lido DAO brings hope to the market. The word \u201cbottom\u201d is getting a lot of buzz on social media, according to Santiment<\/a>, an analytics platform focused on social trends. But here's an indicator that suggests the Bitcoin bottom is near.<\/p>\n\n\n\n
Bitcoin's price is currently playing inside the green zone based on lookintobitcoin's<\/em> MVRV Z-score chart. Buying BTC during these periods has historically generated above-average returns. But there is one more thing to notice about this metric. BTC price bottoms out when the Z-score reaches the lowest part of the green zone. And at the moment, the indicator is almost bottoming out on Bitcoin's current price action and Z-score.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Has Reached Its Bottom According To A Top Analysts Indicator<\/a><\/p>\n\n\n\n
$\"MVRV$
Bitcoin MVRV Z-Score (image from lookintobitcoin<\/a><\/em>)<\/figcaption><\/figure>\n","post_title":"Has Bitcoin Hit Its Bottom? This Indicator Hints We're Close","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"has-bitcoin-hit-its-bottom-this-indicator-hints-were-close","to_ping":"","pinged":"","post_modified":"2023-04-10 17:43:57","post_modified_gmt":"2023-04-10 07:43:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9240","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9150,"post_author":"16","post_date":"2023-01-03 02:52:37","post_date_gmt":"2023-01-02 15:52:37","post_content":"\n
The Japanese government has shown its care toward the cryptocurrency market by further loosening regulations on cryptocurrency listings. This is Japan's latest move after the regulatory system that allows \"foreign\" stablecoins to circulate in this country.<\/p>\n\n\n\n
\n
According to Bloomberg<\/a>, the Japanese government has made the decision to ease the rules on listing cryptocurrencies, except for tokens<\/a>, coins, or projects that are new to the Japanese market, the body that operates the exchanges is allowed to list cryptocurrencies without going through the same rigorous testing as before.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia<\/a><\/p>\n\n\n\n
\n
Investors in this country, find the recent government decisions very convenient and create many opportunities for them. Nishima Heiki, an individual investor, said that he hopes there will be more changes to create a bridge between Japanese investors and the world market, it is time for Japan to develop this potential market further to help build it into a leading industry.<\/li>\n<\/ul>\n\n\n\n
\n
The Japan Times said<\/a> this is a step on Prime Minister Fumio Kishida's agenda to steer the Japanese economy towards \"new capitalism,\" with the development of blockchain and Web3 businesses.<\/li>\n<\/ul>\n","post_title":"Japanese Cryptocurrency Regulation Eases; Stablecoins To Be Listed Without Screening","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japanese-cryptocurrency-regulation-eases-stablecoins-to-be-listed-without-screening","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/","post_modified":"2023-04-10 17:44:14","post_modified_gmt":"2023-04-10 07:44:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9150","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9168,"post_author":"13","post_date":"2023-01-03 02:38:55","post_date_gmt":"2023-01-02 15:38:55","post_content":"\n
The U.K.'s administration under Prime Minister Rishi Sunak - who came to power in October last year - has introduced a tax exemption for foreign investors using local brokers to buy crypto. The new law is being enforced as part of a plan to make the country a digital asset hub.<\/p>\n\n\n\n
See Related: <\/em><\/strong><\/em><\/strong>76% Of Financial Institutions To Utilize Crypto By 2025 \u2013 Report<\/a><\/p>\n\n\n\n
In an email shared with Coindesk, the HM Revenue and Customs praised the step saying, \"This exemption is an important factor in attracting global investors, meaning foreign investors won't be brought into U.K. tax simply by appointing U.K.-based investment managers.<\/em>\"<\/p>\n\n\n\n
Sunak's government also sees it as an opportunity to expand the skills of its asset managers. \"To build upon the U.K.'s position as an investment management hub, this exemption has been extended to include crypto assets so that funds which include them aren't put off from appointing U.K. managers<\/em>,\" the announcement added.<\/p>\n\n\n\n
Sunak Doubles Down Efforts to Turn the U.K. Into a Crypto Hub<\/h2>\n\n\n\nThe latest move is a departure from the\u00a0 stance<\/a>\u00a0of the last administration regarding cryptos - which had introduced a series of stringent measures on the asset class, including a ban on refer-a-friend bonuses. The U.K.'s Financial Conduct Authority also mandated that cryptos firms issue clear risk warnings to investors. It further directed that digital assets should be limited to 10% in a publicly held portfolio.<\/p>\n\n\n\n
When Sunak was still the finance minister in April, he\u00a0said\u00a0that he wanted to make the U.K. a global crypto hub. Then the Chancellor of the Exchequer, noted that the first step was to adopt stablecoins <\/a>as a form of payment and to consider the legal status of Decentralized Autonomous Organizations (DAOs.) It was at the same time that the leader of the Conservative Party\u00a0 asked<\/a>\u00a0The Royal Mint to create an NFT, issued to the public.<\/p>\n\n\n\n
See Related:<\/em><\/strong> UK Government Plans The \u2018Royal Mint NFT\u2019<\/a><\/p>\n","post_title":"U.K. Softens Stance On Crypto; Issues Tax Exemption To Foreign Investors","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"u-k-softens-stance-on-crypto-issues-tax-exemption-to-foreign-investors","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/76-of-financial-institutions-to-utilize-crypto-by-2025-report\/","post_modified":"2023-01-03 19:39:26","post_modified_gmt":"2023-01-03 08:39:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9168","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9154,"post_author":"8","post_date":"2023-01-02 22:46:20","post_date_gmt":"2023-01-02 11:46:20","post_content":"\n
Ethereum: Key Findings<\/h2>\n\n\n\n
\n
Our Ethereum technical analysis deduced the price is under an overall downtrend and moving below a long-term trendline resistance.<\/li>\n\n\n\n
The price fails to sustain above the 100 EMA and keeps consolidating below $1300.<\/li>\n\n\n\n
The recent rejection at the pivot resistance ($1347) suggests ETH still intends for a further downside movement.<\/li>\n\n\n\n
RSI holds under 50 and recently moved below the 14 SMA, indicating strong bearish momentum.<\/li>\n\n\n\n
Upcoming support: $1100, $1000.<\/li>\n<\/ul>\n\n\n\n
$\"Ethereum$ <\/a>
Ethereum (ETHUSD)<\/a> may head towards a further downside target near $1,000 following key bearish trend signals. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
See Related:<\/strong><\/em> Hong Kong Welcomes First Bitcoin, Ethereum ETFs By CSOP Asset Management<\/a><\/p>\n\n\n\n
Ethereum (ETH) Technical Analysis<\/h2>\n\n\n\n
Ethereum rejected the current trendline resistance on November 5th, indicating the price has no intention to reverse for a bullish trend anytime soon. Instead, the price dropped below the 100 EMA on November 8th and continues to consolidate below the current pivot resistance at $1350.<\/p>\n\n\n\n
The price has even dropped below the $1,200 mark and currently testing minor support around $1,180. There was a minimal increase above $1,192 since the price rose above the 23.6% Fibo retracement zone of the decline, from the $1,232 (swing high) to the $1,180 low.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index has already held below 50 and moving under the 14 SMA level, suggesting a bearish momentum.<\/p>\n\n\n\n
Ethereum is expected to encounter trendline support near $1,100 if it decides on another downside rally under the current bearish trend. In case the price breaks, the trendline support, the $1,000 price level will be considered as an ultimate support zone.<\/p>\n","post_title":"$ETH Remains Bearish And May Push $1000 By January 2023 \u2013 Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-remains-bearish-and-may-push-1000-by-january-2023-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:46:28","post_modified_gmt":"2023-04-10 07:46:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9154","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9093,"post_author":"8","post_date":"2022-12-29 21:08:11","post_date_gmt":"2022-12-29 10:08:11","post_content":"\n
Filip L., a senior crypto analyst at FXStreet, recently posted a technical analysis report<\/a> on Ripple (XRP), fearing the coin may suffer a significant loss while repricing for 2023. Apart from technical factors, fundamental issues like Fed\u2019s decisions on interest rates and the FTX crash<\/a> can accelerate the current bearish rally of XRP.<\/p>\n\n\n\n
\n
According to Filip\u2019s analysis, Ripple fell below significant turning points like $0.3616 and established a new December low last week. Since there is no genuine support in sight and the Relative Strength Index (RSI) is nowhere near oversold, further decline is inevitable.<\/li>\n<\/ul>\n\n\n\n
\n
After the latest US data points, Ripple price sees speculators retreating from price actions as the chart presents a blood-red picture. The PCE Deflator is unchanged, the Fed is far from done raising rates, and markets are in need of a significant reorganization and rebalancing because they disregarded the Fed's warnings. With that revaluing for 2023, there is a chance of additional decreases.<\/li>\n<\/ul>\n\n\n\n
\n
The US inflation data decreased, while the PCE Deflator indicated that inflation was steady this week. As a result, the Fed will want to raise rates again to reduce inflation, which means markets will need to adjust their prices. Several market analysts had predicted that the Fed would be close to its crucial level.<\/li>\n<\/ul>\n\n\n\n
\n
The price could plummet below $0.2875, representing an 18% loss, with investors giving up the psychological threshold of $0.3000.<\/li>\n<\/ul>\n\n\n\n
\n
Fed speakers are not scheduled to address the markets in the year's final week. Bulls now have a window of chance to raise the price action as a result. In fact, given the low liquidity levels, the 55-day and 200-day Simple Moving Averages (SMAs) could act as a double upper limit, preventing a 13% increase in the price of ripple.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ <\/a>
Filip L. shows why XRP<\/a> may remain bearish until the end of the year. Source: FxStreet\/Cryptocurrencies.<\/figcaption><\/figure>\n","post_title":"Ripple (XRP) May Suffer A Further 18% Loss Within The Last Trading Week Of The Year - Ripple Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-xrp-may-suffer-a-further-18-loss-within-the-last-trading-week-of-the-year-ripple-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:49:20","post_modified_gmt":"2023-04-10 07:49:20","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9071,"post_author":"16","post_date":"2022-12-29 00:24:07","post_date_gmt":"2022-12-28 13:24:07","post_content":"\n
On the 26th, the Japanese government allowed stablecoins from abroad to be circulated in its country, this new law will improve the market situation in Asia and Japan in particular.<\/p>\n\n\n\n
\n
According to a Nikkei report<\/a>, the Japan Financial Services Authority<\/a> (FSA) has officially published a draft system regarding the circulation of \"foreign\" stablecoins<\/a>, or coins of value that are linked to legal currencies such as the Dollar. <\/li>\n<\/ul>\n\n\n\n
\n
Earlier, the action to ban \"foreign\" stablecoins is a move taken by the Japanese government to protect domestic investors after the UST scandal and the collapse of Terra Luna<\/a>. The FSA spokesperson said that the draft system would allow distributors to trade in foreign-funded stablecoins if they have enough assets to secure or maintain.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen<\/a><\/p>\n\n\n\n
\n
This action of the government in \"Land of the Rising Sun\" supports the country's market becoming less constrained during the economic crisis after the Covid-19 Pandemic and Terra scandal. At the same time, domestic and foreign investors have the opportunity to develop more exposure, Japan hopes that with this move, domestic projects will have more capital from abroad instead of just calling for domestic capital.<\/li>\n<\/ul>\n\n\n\n
\n
We interviewed Mr. Simon, an NFT trader living in Aomori, he said, \"I am very excited to hear this news from the FSA, for an investor like me it creates extremely great conditions for trading directly instead of having to contact through intermediary channels, I hope this law is confirmed and put into operation immediately.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
According to Nikkei, the law is under public comment until January 31 and this new regulatory system will be applied in conjunction with the revised Payment Services Act<\/a>, which will come into effect in 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> China Aims To Make Zhejiang A Metaverse Hot Zone By 2025<\/a><\/p>\n","post_title":"Japan Lifts Stablecoin Ban, Bright Futures For Crypto In Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"japan-lifts-stablecoin-ban-bright-futures-for-crypto-in-asia","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-10 17:49:38","post_modified_gmt":"2023-04-10 07:49:38","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9071","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9056,"post_author":"16","post_date":"2022-12-28 15:18:31","post_date_gmt":"2022-12-28 04:18:31","post_content":"\n
After Zhejiang announced<\/a> its Metaverse plan, Hong Kong has also moved to develop the Crypto industry with a plan to attract more than 1000 Web3 start-ups with a 3-year target.<\/p>\n\n\n\n
\n
Hong Kong is paying great attention to the development of FinTech and ranks among the top 11 Fintech centers in the world according to statistics of Fluro<\/a>, many of which are pioneering new technologies and services. Furthermore, Hong Kong's government supports the growth of the city's Web 3 ecosystem by encouraging start-ups to develop innovative technologies and by helping them to scale their businesses.<\/li>\n<\/ul>\n\n\n\n
\n
G-Rocket<\/a> is a startup accelerator founded by Jonny Ng Kit-Chong a member of the Hong Kong Legislative Council, and Casper Wong<\/a>. Wong told the South China Morning Post<\/a> on December 23 about the new program called the \"Hong Kong Web 3.0 Hub.\u201d<\/em> With the goal of helping 1000+ Web3 businesses grow and develop in Hong Kong.<\/li>\n<\/ul>\n\n\n\n
\n
With this support, Hong Kong will become the leader in Web3 technology by 2025 at the same time as the Metaverse development in Zhejiang, China will become the dragon of Asia in the Cryptocurrency battle.<\/li>\n<\/ul>\n\n\n\n
\n
This is a strategic move by Hong Kong to attract a large number of talent and \"We hope to help bring good companies and talent back to Hong Kong in the post-pandemic era,\" <\/em>Casper Wong told the press. It can be seen how the potential of Chinese projects will be \"unprecedented\"<\/em> in the next 3 years.<\/li>\n<\/ul>\n\n\n\nSee Related: <\/em><\/strong>Vietnam-Korea Relationship To Be Strengthened By Metaverse<\/a><\/p>\n","post_title":"Hong Kong Plans To Attract 1000 Web3 Businesses By 2025 With Startup Accelerator","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hong-kong-plans-to-attract-1000-web3-businesses-by-2025-with-startup-accelerator","to_ping":"","pinged":"","post_modified":"2023-04-10 17:51:43","post_modified_gmt":"2023-04-10 07:51:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9056","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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