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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of […]

BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.

Meta ‘powering through’ with Metaverse plans despite doubts — Zuckerberg

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.

Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.

Bitcoin Price and Ethereum Prediction; Huobi Token Pumps Over 25%

The cryptocurrency market has exhibited a slight recovery, with Bitcoin, the leading cryptocurrency, jumping more than 2.5% to $16,815 after getting rejected at the $17,250 resistance level. Similarly, Ethereum, the second-most valuable cryptocurrency, is rising, reaching $1,286 after violating a symmetrical triangle pattern.... Read More: Bitcoin Price and Ethereum Prediction; Huobi Token Pumps Over 25%

European Commissioner Has Threatened to Shut Down Elon Musk’s Twitter

The post European Commissioner Has Threatened to Shut Down Elon Musk’s Twitter appeared first on Coinpedia Fintech News As regulators crack down on Elon Musk’s efforts to turn the social network into a safe haven of free speech,  Musk is facing further criticism from the US and EU over his ownership of Twitter. In a video chat with Musk, Thierry Breton, the EU commissioner for the internal market, warned him that there was …

MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12

MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone. MATIC price started a decent increase above the $0.90 resistance against the US dollar. The price is trading above $0.90 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.00 and $1.12 resistance levels. Polygon’s MATIC Price Eyes Steady Increase This past month, polygon’s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours). However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours). It gained over 5% today, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Source: MATICUSD on TradingView.com If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level. Dips Limited in MATIC? If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level. The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level. Technical Indicators 4-hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now in the overbought zone. Major Support Levels – $0.90 and $0.85. Major Resistance Levels – $0.95, $0.98 and $1.00.

Sam Bankman-Fried Disclosed His Relationship With Alameda Research

The post Sam Bankman-Fried Disclosed His Relationship With Alameda Research appeared first on Coinpedia Fintech News Former Chief Executive  Sam Bankman-Fried entered the media limelight as the collapse of FTX continues to cast a shadow over the cryptocurrency market. At the newspaper’s annual DealBook Summit, Andrew Ross Sorkin of The New York Times peppered him with a barrage of questions. SBF also gave an interview with Axios and revealed his current …

Takeaways From FTX’s Bankman-Fried’s Showing At NYTimes Dealbook Summit

For FTX and Sam Bankman-Fried, it was a sky-high ride and thus far, a meteoric crash of nearly unparalleled proportions. Now, SBF has made his first ‘public appearance’ since FTX’s meltdown, despite many crypto spectator’s disdain. Let’s review some of the major points of review in SBF’s Dealbook Summit appearance. Sam Bankman-Fried Appears On Dealbook […]

Ethereum Price Gearing For Lift-Off to $1,400, Key Support In Place

Ethereum gained pace above the $1,250 resistance zone against the US Dollar. ETH even spiked above $1,300 and is currently correcting gains. Ethereum remained well supported and even cleared the $1,280 resistance zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it stays above the $1,250 and $1,230 support levels. Ethereum Price Gains Bullish Momentum Ethereum price formed a base above the $1,230 level and extended its recovery wave. ETH was able to climb above the $1,250 and $1,280 resistance levels, similar to bitcoin. The bulls even pushed the price above the $1,300 resistance zone. A new multi-week high is formed near $1,309 and the price is now correcting gains. There was a minor decline below the $1,295 level. The price declined below the 23.6% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high. Ether price is now trading above $1,250 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,275 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,300 level. The first major resistance is near the $1,320 level. A clear move above the $1,320 resistance might send the price further higher. The next major resistance is near the $1,380 level, above which ether price might even clear $1,400. Source: ETHUSD on TradingView.com In the stated case, the price could rise towards the $1,450 resistance zone. Any more gains might send the price towards the $1,500 resistance zone. Dips Limited in ETH? If ethereum fails to continue higher above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the trend line. The next major support is near the $1,275 level or the 61.8% Fib retracement level of the recent wave from the $1,255 swing low to $1,309 high. If there is a break below $1,275, the price could test the $1,250 support. Any more losses may perhaps start another decline towards the $1,225 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,275 Major Resistance Level – $1,300

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Russian Crypto Billionaire Dies In A Suspicious Helicopter Crash

Crypto businessman Vyacheslav Taran, 53, founder of Forex Club and Libertex, passed away in a mysterious helicopter crash, as confirmed by the Russian embassy in Paris. The death’s location has been identified as Villefranche-sur-Mer, a remote resort town on the French Riviera. Taran was based out of Monaco and has been reported to have links […]

Libertex crypto exchange head Vyacheslav Taran dies in helicopter crash in France

Taran’s death is the third to shake the crypto world in recent weeks, following Amber Group’s Tiantian Kullander and MakerDao’s Nikolai Mushegian.

Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs

Bear market no issue for Binance Labs’ DeFi incubation program

Binance Labs’ parent firm Binance is also looking to hire 2,000 employees amid the latest market decline as the firm sees bear markets as a “great time to bring on top talent.”

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