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\"\" — Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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December 8, 2022 - Updated on January 15, 2023

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\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

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November 24, 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.

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Follow The Distributed

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ADVERTISEMENT

\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$ Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$ Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$ Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 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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\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

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November 24, 2024

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November 24, 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
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

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November 24, 2024

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December 19, 2024

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\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 2024

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December 19, 2024

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\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 2024

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December 19, 2024

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\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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 LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 2024

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December 19, 2024

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\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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Follow The Distributed

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\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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Follow The Distributed

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\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n
Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n
Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

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December 19, 2024

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\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\n
Once a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

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November 24, 2024

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December 19, 2024

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\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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

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ADVERTISEMENT

\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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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> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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December 19, 2024

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\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 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
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 2024

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December 19, 2024

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\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Type your email here

Follow The Distributed

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\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 … 4 5 6 7 8 … 19 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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 upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

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\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Cryptocurrencies

Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

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\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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

December 19, 2024

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November 24, 2024

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December 19, 2024

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\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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

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December 19, 2024

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\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

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December 19, 2024

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\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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December 19, 2024

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\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

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

December 19, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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November 24, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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December 19, 2024

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\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

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\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8687,"post_author":"8","post_date":"2022-12-08 23:03:01","post_date_gmt":"2022-12-08 12:03:01","post_content":"\n
Solana Quick Analysis<\/h2>\n\n\n\n
\n
Solana is holding above the recent market bottom ($10.94) and testing the short-term resistance near $15.05.
<\/li>\n\n\n\n
MACD indicates an upside momentum that could trigger a bullish breakout of the current consolidation range.
<\/li>\n\n\n\n
The upcoming resistance at $18.70 can be crucial in deciding the future trend direction.
<\/li>\n\n\n\n
The 100 EMA is still moving below the 200 EMA, suggesting Solana is still under a long-term downtrend.<\/li>\n<\/ul>\n\n\n\n
$\"\"$
SOLUSD<\/a> price may hit the upcoming resistance at $18,70 if it can exceed $15.05. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
Solana (SOL) Technical Analysis<\/h2>\n\n\n\n
Despite lacking a violent breakthrough, SOL could withstand the tumultuous US trading session. Bulls remained active and were observed ticking near the current consolidation high at $15.05. A bullish breakout at this level may lead the price hit the next resistance at $18.70.<\/p>\n\n\n\n
Solana has rejoined the long-term downtrend following a false break at the 100 EMA on November 6th, which resulted in the price hitting a new bottom at $10.94 on November 22nd.<\/p>\n\n\n\n
However, the price recovered approximately 24.93% since hitting the fresh market low and currently trading below short-term resistance at $15.05.<\/p>\n\n\n\n
Moving Average Convergence and Divergence shows that the MACD line has already exceeded the signal MA. Additionally, the MACD bars closing above the zero level indicate a bullish momentum.<\/p>\n\n\n\n
A rise in mood was the cause of Monday's rip in the equity markets. Another peak would suggest a nosedive toward $10, which would cause massive disappointment in international markets as US inflation data is due next week.<\/p>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week \u2013 Chainlink Technical Analysis<\/a><\/p>\n","post_title":"$SOL Looks Steady Around $15.05 And May Rebound To Strike Above $18.70 \u2013 Solana Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"sol-looks-steady-around-15-05-and-may-rebound-to-strike-above-18-70-solana-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:11:57","post_modified_gmt":"2023-04-10 08:11:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8687","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8665,"post_author":"8","post_date":"2022-12-05 19:59:40","post_date_gmt":"2022-12-05 08:59:40","post_content":"\n
Ann Mugoiri<\/a>, a crypto and blockchain technical analysis specialist at CryptoPolitan<\/a>,<\/strong> has identified the $1,300 level as a deciding zone for Ethereum\u2019s upcoming trend as the price is struggling to keep up the bullish momentum near the critical resistance.<\/p>\n\n\n\n
\n
According to Ann's analysis, Ethereum's price has been fluctuating within a descending triangle, but this pattern may be disrupted in the upcoming sessions. ETH may experience a rapid slide below the triangle if it fails to survive above $1,300.
<\/li>\n\n\n\n
ETH has increased by 3.68 percent during the past week and currently testing the dynamic resistance at the 50 EMA after declining by 22.34 percent over the previous month.
<\/li>\n\n\n\n
Currently, the price is holding above the 9 EMA and roaming inside the large bullish candle plotted on November 30th. A break above the current consolidation range may trigger a bullish trend reversal.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) value keeps rising above 50, indicating ETH is still holding bullish momentum. However, the 100 EMA is still moving below the 200 EMA, signaling a bearish crossover.<\/li>\n<\/ul>\n\n\n\n
\n
In case of a bearish reversal, immediate support at $1,260 may play a crucial role. Contrarily, a potential bullish breakout at $1,300 may push the price toward the upcoming resistance near $1,420.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Hedera Hashgraph Price Prediction After Modest Recovery \u2013 HBAR Technical Analysis<\/a><\/p>\n\n\n\n
$\"\"$
Ann Mugoiri illustrates critical support\/resistance zones for ETH and explains the current momentum of the digital asset. Source: CryptoPolitan\/Ethereum-Price-Analysis<\/figcaption><\/figure>\n","post_title":"ETH Must Break The Critical Resistance At $1,300 To Revive The Bullish Momentum - Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-must-break-the-critical-resistance-at-1300-to-revive-the-bullish-momentum-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:12:15","post_modified_gmt":"2023-04-10 08:12:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8665","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8630,"post_author":"13","post_date":"2022-12-03 23:04:50","post_date_gmt":"2022-12-03 12:04:50","post_content":"\n
Italy has proposed a 26% capital gains tax on digital assets for profits above 2,000 euros (USD 2,062.3), according to a report<\/a> by Bloomberg. Part of the proposed legislation, subject to the Italian parliament's approval, includes a stamp duty on the asset class.<\/p>\n\n\n\n
The proposal includes an option to pay 14% for the eligible individuals who declare their holdings before January 1, 2023 - a step aimed to encourage more disclosures among the Italian investors. <\/p>\n\n\n\n
Italy will impose a fixed tax rate of 26% on profits from digital assets to investors \u2013 whose cumulative crypto holdings were more than 51,645.60 euros ($54,000) for over seven consecutive days during the tax year - if the proposal gets the parliamentary approval.   <\/p>\n\n\n\n
Italy Joins Portugal In Taxing Digital Assets<\/h2>\n\n\n\n
The Italian government led by Prime Minister Giorgia Meloni is hopeful that the new proposal would help to net the fast-growing digital asset adoption. According to data<\/a> provided by Triple A, about 2.3% of the Italian population, or 1.3 million people, own cryptocurrencies. Similar steps have been taken by Portugal \u2013 another European country that recently changed its tax-friendly crypto policies to include a 28% tax deduction.<\/p>\n\n\n\n
At the same time, Italy is keen to attract more players in the cryptocurrency space. Cryptocurrency exchange Gemini was recently registered<\/a> as a Virtual Currency Operator and custodial wallet provider by the Italian Organismo Agenti E Mediatori. Binance, Coinbase, and Crypto.com are other exchanges licensed to offer crypto services in the island nation.<\/p>\n\n\n\n
The licenses were issued considering anti-money laundering laws and the curbing of fraudulent transactions. Notably, the European Union (EU) plans to roll out MiCA legislation in 2024.<\/p>\n","post_title":"Italy to Introduce 26% Capital Gains Levy On Cryptocurrencies In 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"italy-to-introduce-26-capital-gains-levy-on-cryptocurrencies-in-2023","to_ping":"","pinged":"","post_modified":"2022-12-04 00:36:57","post_modified_gmt":"2022-12-03 13:36:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8630","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8603,"post_author":"13","post_date":"2022-12-01 20:20:17","post_date_gmt":"2022-12-01 09:20:17","post_content":"\n
The Commonwealth of Dominica is launching<\/a> the first national token, DMC (Dominica Coin), in partnership with cryptocurrency exchange Huobi Global, Tron Network, and DMC Labs. The partners will also unveil Dominica DIDs (Decentralized identifiers) for KYC use on the trading platform and the metaverse KYC processes.<\/p>\n\n\n\n
''In our latest efforts to advance the global development of Web 3.0 and metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world\u2019s first national token, DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica<\/em>,'' Huobi announced in a press release. ''Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future metaverse world,''<\/em> it added.<\/p>\n\n\n\n
According to the announcement, DMC and Dominica DID will initially be issued on Tron Network and later deployed on Ethereum, BNB Chain, and other blockchains through the BitTorrent Chain protocol. The national cryptocurrency will reportedly debut on Huobi Prime \u2013 the exchange\u2019s platform for offering pre-listed digital assets.<\/p>\n\n\n\n
DMC To Power Metaverse Dominica Digital<\/h2>\n\n\n\nOnce a user has passed through the verification process on Huobi, they will obtain Dominica DIDs, which can be transferred to the Tron Network for Soul-Bound Tokens<\/a> (SBTs). SBT gives the holder special privileges, including - citizenship in the Metaverse Dominica digital \u2013 a virtual platform with a 1:1 representation of the real world.<\/p>\n\n\n\n
Other benefits include a passport backed by the government of the Commonwealth of Dominica \u2013 offering access to more than 130 countries. DMC holders also qualify for ''airdrops<\/a> in TRX, BTT, SUN, JST, and DMC,''<\/em> the press release noted.<\/p>\n\n\n\n
Tron blockchain \u2013 which has agreed to deploy a national fan token that promotes the culture and tourism in Dominica \u2013 is the designated national blockchain infrastructure for the Caribbean Island nation.<\/p>\n","post_title":"Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"dominica-welcomes-first-national-crypto-dmc-in-partnership-with-huobi-tron","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/soulbound-tokens\/","post_modified":"2022-12-01 20:39:10","post_modified_gmt":"2022-12-01 09:39:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8603","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8599,"post_author":"8","post_date":"2022-12-01 19:44:18","post_date_gmt":"2022-12-01 08:44:18","post_content":"\n
BeInCrypto's Senior Analyst, Valdrin Tahiri, has recently posted a technical analysis on Chainlink. In his report<\/a>, he revealed the key reasons behind the recent 35% price hike of LINK and its potential future ahead.<\/p>\n\n\n\n
\n
According to Tahiri, since May's opening, the Chainlink price has been trading just above the $5.95 support zone. It repeatedly fell below it, but instead of coming to a close, it bounced and made a long lower wick.<\/li>\n<\/ul>\n\n\n\n
\n
The LINK price dropped to its lowest point of the year on November 20, closing at $5.76 that day. Although this appeared to result in a collapse from the $5.95 support region, the subsequent positive price action led to a recovery. Therefore, the purported breakdown was just a divergence.<\/li>\n<\/ul>\n\n\n\n
\n
Solid movements frequently follow such deviations in the other direction. This hypothesis is supported by price movement, as Chainlink rose above $7.51 before falling for a slight correction.<\/li>\n<\/ul>\n\n\n\n
\n
Additionally, the daily RSI rose above 50. The line has been acting as support since May, so it must continue to do so for the Chainlink price projection to be bullish. A daily closure above the $9.40 resistance zone would validate the predicted bullish sentiment.<\/li>\n<\/ul>\n\n\n\n
\n
The six-hour technical analysis indicates a short-term resistance lying near $7.50. The 0.5 Fibonacci retracement level alongside a horizontal resistance around the region had created the major resistance. A rise toward $9.40 is anticipated if a close is achieved above $7.50.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"Support$ <\/figure>\n\n\n\n
Valdrin Tahiri showed potential support levels and upcoming targets for Chainlink (LINK). Source: BeingCrypto\/CryptoMarkets<\/p>\n","post_title":"Chainlink (LINK) Price May Retest The Long-Term Resistance At $9.40 Following The 35% Price Surge In Last Week - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-price-may-retest-the-long-term-resistance-at-9-40-following-the-35-price-surge-in-last-week-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:17","post_modified_gmt":"2023-04-10 08:13:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8594,"post_author":"10","post_date":"2022-11-30 21:12:24","post_date_gmt":"2022-11-30 10:12:24","post_content":"\n
Ben Caselin, a former executive at AAX, said that the brand's reputation has been damaged and that his work at the company has become meaningless.<\/p>\n\n\n\n
\n
The vice president for the global marketing and communications of AAX exchange revealed his resignation from the cryptocurrency exchange weeks after the company ceased processing withdrawals for users.<\/li>\n<\/ul>\n\n\n\n
\n
Ben Caselin noted<\/a> the reasons for quitting the company and his position at the cryptocurrency exchange. Caselin claims that despite his attempts to advocate for the community, the ideas they came up with were rejected and his role in communication had become \"hollow.\"<\/li>\n<\/ul>\n\n\n\n
\n
The former AAX executive voiced his disapproval of how AAX is handling the situation. According to Caselin, the exchange's actions were \"without empathy\"<\/em> and \"overly opaque.\"<\/em><\/li>\n<\/ul>\n\n\n\n
\n
AAX began halting withdrawals on November 14 to resolve a system upgrade issue. However, the exchange reassured<\/a> its members that the withdrawals were stopped for no reason related to the unfolding FTX collapse and claimed to have no financial ties to the FTX exchange.<\/div><\/li>\n<\/ul>\n\n\n\n
\n
After the news broke out, the team clarified<\/a> that it needs extra funding since its investors have chosen to withdraw their money due to the FTX crash. The exchange revealed that this puts them in danger of a capital shortfall, which they must address before starting their regular activities again.<\/div><\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Cryptocurrency Exchange AAX Denies Having Exposure To FTX After It Halts Withdrawals<\/a><\/p>\n","post_title":"AAX Executive Leaves the Cryptocurrency Exchange Amid Continuous Operational Standstill","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"aax-executive-leaves-the-cryptocurrency-exchange-amid-continuous-operational-standstill","to_ping":"","pinged":"","post_modified":"2022-12-01 20:29:31","post_modified_gmt":"2022-12-01 09:29:31","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8594","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8591,"post_author":"8","post_date":"2022-11-29 17:28:34","post_date_gmt":"2022-11-29 06:28:34","post_content":"\n
Ana Nicenko<\/a>, a senior crypto journalist and technical expert at Finbold<\/a>, revealed several indicators, including CCO, DCA, and Moving Averages showing buy signals for BTC and indicating the price has already hit the market bottom.<\/p>\n\n\n\n
\n
Some chart patterns are keeping the optimism alive that things may soon turn around even though Bitcoin (BTC) is still having trouble breaking above any significant levels, and the majority of the other assets on the crypto markets are experiencing a similar problem.<\/li>\n<\/ul>\n\n\n\n
\n
On November 28, Bitcoin was trading at $16,244, dropping 1.71% from the previous day but still up 1.41% from the preceding seven days. Meanwhile, the overbought\/oversold indicator \u2013 the cycle channel oscillator (CCO), BTC has already reached the bear market bottom, indicating a long-term bullish reversal.
<\/li>\n\n\n\n
Ana mentioned DCA (dollar cost average), a method known in both the crypto and stock market communities of regularly investing a small predetermined amount of money, also signals higher returns over Bitcoin long positions.<\/li>\n<\/ul>\n\n\n\n
\n
Bitcoin has not yet crossed the critical resistance level at about $16,600, which Michal van de Poppe, a well-known expert in cryptocurrency trading, stated it must do in order to create a \"candle toward $17.5-18K,\" according to Finbold.<\/li>\n<\/ul>\n\n\n\n
\n
According to the analyst's graphic, the present Bitcoin bottom may finally trigger a bullish surge that would take the price of the main decentralized financial asset to $17,500 and even higher by the end of 2023.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> FTX Sold Over 80,000 Paper Bitcoins, Suppressing Bitcoin Dominance<\/a><\/p>\n\n\n\n
$\"\"$
Ana Nicenko suggested the BTC is already in the potential trend reversal zone and ready to rebound for a long-term bullish move. Source: FinBold\/CryptoNews<\/figcaption><\/figure>\n","post_title":"Technical Indicators Flashing Buy Signals For Bitcoin, Suggesting The Market Has Hit The Bottom Already - Bitcoin Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"technical-indicators-flashing-buy-signals-for-bitcoin-suggesting-the-market-has-hit-the-bottom-already-bitcoin-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:13:26","post_modified_gmt":"2023-04-10 08:13:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8591","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8587,"post_author":"12","post_date":"2022-11-27 16:54:07","post_date_gmt":"2022-11-27 05:54:07","post_content":"\n
Holders of $APE in North America and various regions around the world have been shocked to realize that their ability to stake their tokens has been halted, as a geoblock has been put in place.<\/p>\n\n\n\n
\n
The official site \"ApeStake.io<\/em>\" was meant to launch within the coming weeks on December 5th, with staking rewards coming in days later on December 12th. Although, these rewards will be limited for certain holders around the world.<\/li>\n<\/ul>\n\n\n\n
\n
In an official announcement<\/a> from Horizen Labs, the firm taking charge of staking for ApeCoin, they let users know that \u201cWe are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today\u2019s regulatory environment, we had no good alternative<\/em>.\" Along with North America, countries also geoblocked include North Korea, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk.<\/li>\n<\/ul>\n\n\n\n
\n
Although, the smart contracts<\/a> linked to the staking program are not restricted, as such, the community has already programmed<\/a> an alternative self-hosted staking client. This includes both DeFi<\/a> and dApps<\/a> alongside a number of high-profile, centralized exchanges working towards widening the access to the staking contract. <\/li>\n<\/ul>\n\n\n\n
\n
Yuga Labs, the company behind Bored Ape Yacht Club and ApeCoin, has been under investigation by the Securities and Exchange Commission. Yuga Labs state that they are complying with the SEC which could be the cause of the geoblock for the official site. Although they cannot control what the community does with the open-source contract, which is there to allow users to verify the legitimacy of the contract.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> BAYC\u2019s Yuga Labs Acquires Rights To CryptoPunks And Meebits<\/a><\/p>\n\n\n\n
$\"\"$
Horizen Labs apestake.io Update. Source: HorizenLabs\/Twitter<\/a><\/figcaption><\/figure>\n","post_title":"North American Users Geoblocked From ApeCoin Staking Site","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-american-users-geoblocked-from-apecoin-staking-site","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 18:13:43","post_modified_gmt":"2023-04-10 08:13:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8587","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8572,"post_author":"8","post_date":"2022-11-27 15:22:58","post_date_gmt":"2022-11-27 04:22:58","post_content":"\n
Senior crypto analyst at FXStreet, Aksh Girimath<\/a>,<\/strong> believes Ethereum<\/a> has managed to slow down the recent bearish momentum but warns the price must sustain above the critical support at $1,067 to initiate a steady bullish rally.<\/p>\n\n\n\n
\n
The price of Ethereum has stalled as it nears a significant obstacle at $1,187. The decline in buying pressure for Bitcoin is responsible for the loss of momentum. However, a clear flip of the immediate resistance might result in a brief run-up for ETH.<\/li>\n<\/ul>\n\n\n\n
\n
According to Girimath, as the weekend draws near, Ethereum traders should hold off on making a move until the $1,187 barrier transforms into a support floor. ETH has the potential to reach equal peaks established at $1,290 and $1,350 if successful.<\/li>\n<\/ul>\n\n\n\n
\n
Girimath also stated sweeping the current buy-stop liquidity might capture short sellers and trigger a surge in purchasing pressure, which might push the price of Ethereum to the psychological level of $1,400.<\/li>\n<\/ul>\n\n\n\n
\n
Even though the price of Ethereum is trending upward, rejection at $1,197 and a daily candle close beneath $1,073 will result in a lower low. The optimistic thesis for ETH will be refuted by this news, which will also increase selling pressure.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Ripple Intends To Bring Ethereum Smart Contracts To Its Blockchain<\/a><\/p>\n\n\n\n
$\"\"$
Akash Girimath<\/a> illustrates the critical supports and obstacles that ETH will have to deal with before the end of 2022. Source: FXStreet\/Cryptocurrencies\/News.<\/figcaption><\/figure>\n","post_title":"Ethereum Must Survive Above $1,067 To Keep $1,400 As A Valid Upside Target - Ethereum Market Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-must-survive-above-1067-to-keep-1400-as-a-valid-upside-target-ethereum-market-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:14:08","post_modified_gmt":"2023-04-10 08:14:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8572","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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