| 
| Must 
| #MUST
|
| MUST Price: | $6.11 | | Volume: | $1.9 K | | All Time High: | $650 | | Market Cap: | $637.7 K |
|
| Circulating Supply: | 104,374 |
| Exchanges: | 4
| | Total Supply: | 1,000,000 |
| Markets: | 11
| | Max Supply: | — |
| Pairs: | 8
|
|
The price of #MUST today is $6.11 USD.
The lowest MUST price for this period was $0, the highest was $6.11, and the current live price for one MUST coin is $6.10934.
The all-time high MUST coin price was $650.
Use our custom price calculator to see the hypothetical price of MUST with market cap of BTC or other crypto coins. |
The code for Must crypto currency is also #MUST.
Must is 2.7 years old. |
The current market capitalization for Must is $637,656.
Must is ranked #836 out of all coins, by market cap (and other factors). |
The trading volume is small today for #MUST.
Today's 24-hour trading volume across all exchanges for Must is $1,869. |
The circulating supply of MUST is 104,374 coins, which is 10% of the total coin supply.
A highlight of Must is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market. |
| Note that there are multiple coins that share the code #MUST, and you can view them on our MUST disambiguation page. |
 | 5 Things You Must Know About Luiz Góes
Luiz Góes is undeniably a standout figure in the Brazilian business landscape and has made a resounding impact in the global realms of finance and cryptocurrency.
Serving as the CEO of LFi, a prominent fintech company, Góes has not only established himself as a prominent leader but has also garnered a reputation for innovation and forward-thinking strategies within the fintech sector.
At the forefront of Luiz Góes' identity is his role as a visionary in the fintech industry. With a keen eye for emerging trends and technological advancements, he has consistently pushed the boundaries of traditional finance, leading LFi towards innovative solutions aimed at disrupting the fintech world.
The influential Brazilian businessman has had an inspirational journey to the top. But here are five key facts about Luiz Góes that you need to know:
A Diverse Career Path
Luiz Góes's career journey is marked by diversity and versatility. With a background in Military Sciences from the prestigious Academia Militar das Agulhas Negras, he possesses a unique blend of discipline and strategic thinking. He further honed his skills by obtaining an MBA in Public Management, demonstrating his commitment to continuous learning and professional growth.
Pioneering LGbank
In 2020, Góes founded LGbank, a groundbreaking crypto bank situated in Brazil. LGbank set its sights on facilitating tokenization projects through crowdfunding, ushering in a new era of financial ...
|  | This is the Crucial Level SHIB Must Break to Turn Bullish: Shiba Inu Pri...
Shiba Inu's native token has been demonstrating bearish price action over the past few weeks since getting rejected at a critical resistance level. Yet, a more severe decline may still occur in the short term.
Technical Analysis
By Edris
The SHIB/USDT Chart
On the USDT-paired chart, the price has been rejected from the $0.000011 resistance level, leading to an impulsive drop below the 50-day and the 200-day moving averages located around the $0.0000085 and $0.0000095 levels, respectively.
The 50-day moving average is currently driving the price down, preventing a possible recovery. If SHIB fails to climb above the mentioned moving average's resistance line, it will likely target the significant $0.000006 support zone in the next few weeks.
The SHIB/BTC Chart
Looking at the Bitcoin pair chart, things are quite similar. The price has been rejected from the 0.035 SAT resistance level and has decreased since.
The 50-day moving average currently provides support around the 0.03 SAT mark, and it could initiate a rally and retest of the 0.035 SAT if it holds. On the other hand, a bearish breakout could result in a drop toward the 0.024 SAT zone, which could be the investors’ last resort.
The post This is the Crucial Level SHIB Must Break to Turn Bullish: Shiba Inu Price Analysis appeared first on CryptoPotato.
|  | SBF Trial May Request Trial Postponement, Must Do So By Next Week
Since his bail was revoked, Sam Bankman-Fried has been pleading for everything between “temporary” re-release, more computers, and more time to review the prosecution’s evidence.
FTX’s current defense strategy is to claim he acted in good faith, taking the advice of FTX’s legal team. Naturally, this would imply a lack of knowledge regarding the misdeeds committed during his tenure as CEO and, therefore, a need to review millions of pages of documents.
However, Judge Kaplan seems to have grown tired of requests for release and has set a deadline for any requests concerning the postponement of a trial.
Request Must Have Substance
A key factor in the defense’s requests is that the US government allegedly dumped four million pages of documents a mere six weeks before SBF’s trial. This narrative has been rejected by Judge Kaplan, who retorted that although the Slack messages sent by Gary Wang and others are indeed new, an extensive list of documents added as evidence is from SBF’s own Google Docs storage, which he could have reviewed at any time in the past.
Furthermore, Judge Kaplan reinforced his stance concerning the addition of new evidence, stating the US government had laid out from the beginning that new evidence would be added to case files as available.
Judge Kaplan: I'm not going to be precluding any of them [from use at trial.] In the defense's letter of Aug 28, the accusations of broken promises are not at all accurate. ...
|  | DYDX Is Up By 11% In A Week, But Investors Must Watch Out For This Event
DYDX, the native token of a decentralized exchange (DEX) with the same name, has been on a good run in the past few days. According to CoinGecko data, the cryptocurrency’s price jumped by 10.7% in the past week, reflecting a positive performance after an unfavorable start to August.
However, there has been rising concern that this spurt of bullish momentum may be short-lived. And the upcoming token unlock event is the primary source of this skepticism.
dYdX To Unlock $13.8 Million Worth Of Token In Single Event
Token unlock events are not a strange phenomenon in the cryptocurrency space, as many blockchain networks and decentralized finance (DeFi) protocols have a portion of their token supply locked - to be released periodically. DYDX is one of those tokens with a locked supply and its next token unlock event is happening on Tuesday, August 29.
In the latest iteration, the decentralized exchange will unlock $13.82 million worth of its native token to be distributed to its community treasury and rewards for liquidity providers and traders, according to data from Token Unlocks.
The token tracking dashboard shows that the DEX will release 6.52 million DYDX tokens, which accounts for 3.76% of the token’s current circulating supply.
Breaking this figure down, 2.49 million tokens - equivalent to $5.279 million at the current market price - will be allocated to the community treasury, which funds contributor grants, community initiatives, liquidity mining, ...
|  | BTC Must Hold this Level, Otherwise $25K Breakdown is Likely (Bitcoin Pr...
Bitcoin's price shows a very low intent to recover following the recent drop last week. Things are not looking positive in the short term.
Technical Analysis
By Edris
The Daily Chart
On the daily chart, the price has been consolidating inside a tight range over the last few days, following a massive drop from the $30K critical resistance zone. The 200-day moving average has also been broken to the downside, which is a clear bearish trend signal.
Yet, considering the oversold signal demonstrated by the RSI, the price will probably retrace higher in the short term. A retest of the 200-day moving average is highly likely, and if the price fails to climb above it, a deeper decline could be expected in the coming weeks with a potential drop back towards the key $20K support level.
The 4-Hour Chart
Looking at the 4-hour timeframe, it is evident that the price has been ranging between the $27,500 and the $25,000 levels over the last few days. If the market climbs above the $27,500 resistance level in the next few weeks, the significant $30K zone will likely be tested again.
However, judging by the overall market structure, a further bearish continuation would be highly probable if the $25K level fails to hold.
On-Chain Analysis
By: Edris
Bitcoin Short-Term Holder SOPR
Bitcoin's price recently experienced a crash after failing to break above the key $30K area. There is a fear that the bear market is far from its end.
The following chart represents the short-term holder spent output...
|  | Binance In Murky Waters? Analyst Explains Why BNB Must Stay Above This P...
The last few days have been eventful for the crypto market following a major crash on Thursday that resulted in the loss of $1 billion in market cap. In another unnerving development, it appears that Binance, the world’s largest exchange, may be in some form of trouble as a crypto analyst shares some insight on the company.
Binance To Record Heavy Losses If BNB Trades Below $212, Analyst Says
According to an X post on Friday, a crypto analyst with the name MartyParty painted a rather gloomy picture for Binance and its 150 million users. The analyst began by stating there was a reason the Binance Coin (BNB) is yet to fall below $212.
After Bitcoin tumbled on Thursday, BNB, like most cryptocurrencies, also plummeted in value, falling from $231.85 to $215.02. Although the token did attempt a market rebound on Friday, it soon fell again but found support at the $214 price zone.
There is a reason $BNB has not dropped below $212.
Binance has a $BNB backed loan liquidating at $212 down from $220 after margin was added in June.
Rationale:
- @cz_binance is in self preservation mode selling BTC from the bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h wallet… pic.twitter.com/bVD5qzpiX4
— MartyParty (@martypartymusic) August 18, 2023
MartyParty believes there is a reason why BNB is gaining support at these levels away from the $212 price mark. According to the analyst, the Binance exchange has a BNB-backed loan set to liquidate at $212.
Initially, the ...
|  | UK Judge Rules Craig Wright Must Pay $516K to Proceed with Lawsuit Again...
Craig Wright is not someone to stay out of the spotlight for a long time. In the latest development, the self-proclaimed Bitcoin creator was ordered to pay approximately $516,000 (400,000 British pounds) in security covering legal costs to pursue claims against crypto exchanges Coinbase and Kraken.
The lawsuit against Coinbase and Kraken's parent company Payward was brought by Wright last May for several hundred billion pounds in damages, claiming that only he has the right to use the Bitcoin brand.
UK Order
In a judgment issued on Tuesday, James Mellor, a judge presiding over the England and Wales High Court, expressed skepticism about Wright's ability to cover his legal expenses. This doubt arose from statements provided by the Australian scientist regarding his financial status to the US court proceedings involving former business partner Ira Kleiman.
Mellor revisited Wright's previous assertions of being financially 'untouchable.' Despite the evidence presented, the judge remains unconvinced of Wright's capacity to afford the legal costs. The judge added that the evidence presented an 'obscure picture' about which individuals or entities owned which Bitcoin assets Wright had easy access.
'I was not satisfied by the evidence from the Cs filed in support of the contention that C2 was resident in the UK or that (assuming such residence) it has any degree of permanence. The nature of whatever business C2 has conducted or does conduct was also obscure.'
In addition to ordering...
|  | Report: Zimbabwean Economist Says Portion of Goverment Employees' Salari...
A Zimbabwean economist has said authorities should consider paying a portion of government employees' salaries with gold coins. The economist said partially paying government workers with gold coins can 'help curtail the black market dominance' in the country's currency market. Dollar Shortages and Rising Inflation
A Zimbabwean economist, George Nhepera, has urged authorities in the Southern African nation to consider paying a portion of government workers’ salaries with gold coins. According to the economist, paying part of the workers’ salaries with gold coins can 'help curtail the black market dominance' in the country's currency market.
Nhepera’s call for measures to cushion government workers with gold coins follows the local currency’s sharp depreciation in June. The currency's plunge on the parallel market is reported to have sparked a wave of steep price hikes which eroded the purchasing power of salaries denominated in local currency.
While workers have in some cases demanded to be paid in U.S. dollars, Zimbabwean authorities insist that the country does not have enough greenbacks and therefore this may not be a sustainable option. The government's reluctance to pay workers with U.S. dollars coupled with rising inflation has now prompted experts like Nhepera to suggest alternatives that the Zimbabwean government can choose.
Analyst: Calls for Gold Coin Denominated Salaries Must Be Rejected
In remarks published by the Chronicle, Nhepera, who i...
|  | Crypto Exchanges in South Africa Must be Licensed By November 30, Says R...
South Africa's financial regulator has asked exchanges operating in the country to obtain a license before the end of 2023.
Crypto firms who fail to adhere to the directive before the deadline could be fined or have their businesses closed down by authorities.
New Licensing Regime in South Africa
The Financial Sector Conduct Authority (FSCA) has required crypto exchanges in South Africa to secure a license before the November 30 deadline.
According to FSCA Commissioner Unathi Kamlana, about 20 firms have applied since the watchdog first opened the licensing process a few weeks ago, while expecting more companies to file an application before the deadline.
In October 2022, the FSCA declared crypto a financial product after a declaration proposal in November 2022 and a consultation on the draft regulation. Also, the publication of the final declaration mentioned that crypto exchanges in South Africa must be licensed by the end of 2023. Defaulters could be fined 10 million rands ($536,387), face 10 years in prison, or suffer both consequences.
While the FSCA proposed a four-month window for crypto businesses to submit their license applications, some commentators believed the time frame was insufficient, with some comments suggesting six months and another two years. The financial watchdog, in response, extended the license application period to six months in the final declaration, stating that it was not necessary and unjustified.
South Africa's High-Profile Crypto Scams
The So...
|  | What is a Meme Coin? The Biggest Meme Coins You Must Know About
Meme coins have made a massive impact on the cryptocurrency market and have become an inseparable part of it.
It’s perhaps safe to say that Dogecoin was the one meme coin that gave birth to a movement that would later grow to a multi-billion market with a community as passionate as none other.
Dogecoin is no longer the only meme coin worth looking into, as the likes of Shiba Inu (SHIB) have also taken center stage.
The following takes an in-depth look at meme coins, what they are, how they differ from regular cryptocurrencies, which are the largest meme coins, and some of the most frequently asked questions about them.
So buckle up, and let’s dive in.
What is a Meme Coin?
First things first, a meme coin is a type of cryptocurrency - a subsection of the industry of sorts.
In essence, a meme coin is a cryptocurrency that originated from some sort of internet meme or has another humorous characteristic.
All meme coins are cryptocurrencies, but not all cryptocurrencies are meme coins.
The above rule of thumb is a good starting point, but it’s also very generalized. That said, as the name suggests, a meme coin has some sort of meme culture embedded into its overall design. Some teams are even incorporating memes into the technical design of their token. For example, they would make it so that the maximum supply is 420 billion tokens or 69 billion tokens - all based on the meme numbers 4:20 and 69, for example.
Some of the more popular examples include Dogecoin (...
|  | How to Prepare for the Next Bitcoin Bull Market: 10 Tips You Must Know
Bitcoin bull markets are typically categorized by tremendous price swings, and even though the direction is up, corrections also take place.
During the last Bitcoin bull market that took place in 2021, the BTC price reached an all-time high just shy of $70K. It started the year trading at around $20K, exploded above $60K on a couple of different occasions, retraced by almost 50% toward the middle of the year, and shot up once again to almost touch $70K in November.
Source: CoinGecko
The previous bull market was back in 2017 and the beginning of 2018. Bitcoin had reached a high of around $20,000, but its chart looked a lot differently:
Source: CoinGecko
As you can see, each cycle has its own intricacies, and playing it correctly could make or break your bankroll. Riding an uptrend can be a lot more challenging than just holding on to your assets. There’s knowledge involved as to when is the right moment to sell or reposition yourself to bets preserve your gains.
The last thing you want is to be left holding a bag of an altcoin that’s down 99% since its all-time high and pray that it will go there once again.
With this in mind, we’ve prepared 10 tips that everyone should know, and they should help you to better navigate the next Bitcoin bull market.
10 Tips For the Next Bitcoin Bull Market
Educate Yourself
Regardless of what you invest in, gaining sound knowledge of its underlying merits is step number one in any investor’s playbook. You absolutely must ...
|  | Ripple Explodes 11% Weekly But Bulls Must Now Focus on This Resistance (...
In recent weeks, Ripple's price has displayed an upward trend, recovering from a notable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the coming months.
Technical AnalysisBy: Edris
XRP/USDT Daily Chart:
The XRP price has consistently increased after bouncing back from the $0.43 support. This level has also been reinforced by the 200-day moving average, while the price has surpassed the 50-day moving average at around $0.47.
Ripple is currently approaching the $0.6 resistance level, and a successful breakthrough could trigger a potential rally toward $0.9 in the coming months. However, it's worth noting that the RSI has entered the overbought zone, indicating a potential correction in the near future.
Source: TradingView
XRP/BTC Daily Chart
Looking at the BTC paired chart, there is a notable upward trend after the price successfully broke out of the significant descending channel. The 0.000017 SAT and 0.000019 SAT levels, representing the 50-day and 200-day moving averages, respectively, have both been surpassed, indicating positive momentum.
Currently, the Ripple price is approaching the psychological resistance level at 0.00002 SAT. However, it is important to note that the RSI indicator is signaling overbought conditions, implying a potential correction in the near term prior to any further upward movement.
Source: TradingView
The post Ripple Explodes 11% Weekly But Bulls Must Now Focus on This R...
|  | South Korean Politicians Must Report Their Bitcoin Holdings Under New La...
South Korea’s National Assembly has officially passed a bill into law requiring lawmakers and high-ranking government officials to disclose their crypto asset holdings.
The new law is a response to a recent scandal involving a politician allegedly violating campaign finance laws using cryptocurrency.
The “Kim Nam-guk Prevention Law”
According to a report from local news agency News1, the relevant amendments to the National Assembly Act and Public Service Ethics Act passed unanimously on May 22 among all lawmakers present for each, with 269 votes and 268 votes respectively.
The National Assembly Act amendment puts cryptocurrency on the list of lawmakers’ registered properties and “private interests.” Meanwhile, the amendment to the Public Officials Ethics Act passed the Public Administration and Security Committee on the same day, making both high-ranking officials and National Assembly members need to register their holdings.
The bill was originally scheduled for implementation in December but was fast-tracked to this month after the conservative People Power Party’s newly elected leader, Rep. Yun Jae-ok, said the previous date was “too late.”
“Given the current high level of public interest, especially regarding lawmakers, it’s not appropriate to enforce the law six months later after the promulgation,” said the party leader last week, while proposing a fast-tracked version of the...
|  | French President Emmanuel Macron States Europe Must Reduce Its Dependenc...
Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in a conflict between the U.S. and China, and reduce its reliance on the U.S. dollar to avoid becoming 'vassals,' applying his concept of 'strategic autonomy.'
Emmanuel Macron Believes Europe Should Remain Autonomous Regarding U.S. and China
French President Emmanuel Macron recently revealed his stance on the current geopolitical and macroeconomic issues Europe is facing, standing in the middle of the Russia-Ukraine war and a possible Taiwan conflict. At his return from a three-day visit to China, where he met with Chinese President Xi Jinping, Macron stated that Europe commonly gets caught in third-party affairs that affect its possibilities of developing 'strategic autonomy.'
Macron also noted that this behavior of the European Union bloc is reducing it to be considered mere backers of the U.S. On this, he told Politico:
The paradox would be that, overcome with panic, we believe we are just America’s followers.
As part of his 'strategic autonomy' determination, Macron acknowledged Europe had no possibility of influencing the future of a possible conflict in Taiwan, and that any attempt to do so would only increase the tensions between the parties.
Analysts believe that the doctrine of strategic autonomy has to do more wi...
|  | Crypto Exchanges Must Share User Data With Russia, Prosecutor General De...
Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added.Cryptocurrency Exchanges Have to Report to Russian Authorities, Chief Prosecutor Says
Crypto service providers should be required to register in Russia and exchanges obliged to share information about their users with Russian security services, according to the head of the nation’s Prosecutor General’s Office, Igor Krasnov.
He also believes that merely granting cryptocurrencies property status under Russian law is not sufficient to fight the legalization of criminal proceeds. Krasnov urged for their regulation in order to address the challenges posed by their use for illicit purposes.
Quoted by the “Financial Security” magazine published by Russia’s financial watchdog, Rosfinmonitoring, the top prosecutor further explained that the difficult geopolitical situation increases the risks of exploiting vulnerabilities associated with digital assets.
Igor Krasnov also called for adding cryptocurrencies to the Russian criminal law, including recognizing that they can be the subject of crime and encroachment as well as establishing procedures for their seizure, storage, and confiscation by the state.
Crypto assets and related transactions are yet to be comprehen...
|  | Signature Bank's Crypto Clients Must Close Accounts Within A Week
The notice comes after NYCB’s purchase of most of Signature’s deposits and loans.
After Signature was placed in receivership by the FDIC, the process of bidding for its remaining business operations, as well as the branding associated with the company, kicked off.
The FDIC’s takeover came shortly after the collapse of both Silvergate and SVB. The decision was possibly due to the ongoing investigation into Signature’s dealings, during which Signature Bank representatives could not provide accurate data regarding the deficit incurred after SVB went bankrupt.
Gruenberg: Signature Bank lost 20% of its deposits in a matter of hours on March 10, the day SVB was shut.
Signature had a negative balance at the Fed at the close of business, and “bank management could not provide accurate data regarding the amount of the deficit.” pic.twitter.com/679dNnnrzJ
— Nick Timiraos (@NickTimiraos) March 27, 2023
Divestment Decided By Bank
At the time, there were rumors that any company that intended to buy Signature Bank had to agree to divest from the crypto industry. Signature Bank, which, alongside Silvergate, provided much of the infrastructure for crypto businesses, was, in reality, not forced to divest from the crypto industry.
According to the FDIC, no divestment was required, although they did notify potential customers regarding the risks of crypto.
Shortly after that, the New York Community Bancorp took over some of Signature’s loans and...
|  | FDIC Denies That Potential Signature Buyers Must Give Up Crypto
Following the collapse of Silvergate bank – one of the two main banks providing financial services to crypto platforms – former clients began pivoting to competitor Signature, only for the latter to be seized by U.S. authorities, citing significant liquidity issues.
Significant Crypto Exposure
Faced with a public lack of trust in the banking sector, U.S. authorities decided over the weekend to place Signature Bank in receivership, informing its leadership mere hours before the public announcement was made. The bank was majorly invested in crypto, with over a quarter of all deposits coming from the industry.
The news dealt a blow to many mainstays of the crypto industry, de-pegging Circle’s USDC and causing uncertainty for Coinbase and Paxos, who, among others, had significant assets stashed away at Signature Bank.
The bank and its assets were put up for sale by U.S. authorities, with the caveat that only potential buyers with an existing bank charter were allowed to take a peek at its financials. This led to both the Royal Bank of Canada and PNC Financial Services ultimately deciding against a purchase.
FDIC Denies any Limitation on Crypto Exposure
At the time, unnamed sources told Reuters that the FDIC had informed potential buyers that they would be required to divest from the cryptocurrency industry completely.
However, a spokesperson for the FDIC has now denied any such limitation, implied or otherwise. As a result, Reuters has updated its previous artic...
| | Signature's Potential Buyers Must Abandon Crypto Business (Report)
Companies willing to acquire the troubled Signature Bank will reportedly have to give up its cryptocurrency business. Those interested in purchasing the financial institution or Silicon Valley Bank (SVB) can submit bids by March 17.
Both entities, which acted as main lenders for numerous crypto organizations, revealed operational difficulties earlier this week, prompting American regulators to close them down.
The Necessary Condition: Forget About Crypto
According to a recent Reuters coverage, any prospective bidder of Signature Bank must agree to give up all cryptocurrency forays at the organization.
The American authorities forced the bank to shut its doors a few days ago after it revealed significant liquidity issues. The Federal Reserve maintained that the measures aimed to strengthen public confidence in the local banking system.
Multiple crypto-related firms used Signature's services, meaning they experienced considerable troubles. The US-based exchange Coinbase said it held $240 million in corporate cash at the bank, while the blockchain infrastructure platform - Paxos - had a $250 million exposure.
Concerns of a potential banking crisis in the world's strongest economy arose when the regulators pulled the plug on Silicon Valley Bank: one of the top 20 largest domestic banks, prior to its collapse. Circle - the company which issues the stablecoin USDC - admitted having $3.3 billion of its cash reserves stuck there.
The n...
|  | Following Bitcoin's Latest Correction, This is the Crucial Level it Must...
Bitcoin's price has been struggling to break above a significant resistance level and is currently experiencing a pullback, following the recent red days on Wall Street. Is it just a short-term correction or a beginning of a new bearish leg?
Technical Analysis
By: Edris
The Daily Chart
On the daily timeframe, the price dropped shortly after getting rejected from the critical $25K level. The 50-day moving average around the $22K level would be the first likely support level, followed by the 200-day moving average around the $20K psychological support area.
If these dynamic support levels fail to hold, a further drop toward the $18K level would be imminent. However, if the price rebounds from either of these levels, another retest and potential breakout above the $25K resistance zone would be highly probable.
The RSI indicator, which has signaled the recent rejection with a clear bearish divergence, is trending around the 50% threshold, indicating the momentum equilibrium on the daily timeframe.
The 4-Hour Chart
Analyzing the 4-hour chart, the price has declined after multiple rejections from the $25K area and is heading toward the $22,500 support level. A breakdown of this level would potentially lead to a deeper decline toward the $20K and even the $18K level in the coming weeks.
On the other hand, the RSI is getting close to the oversold zone in this timeframe, which could result in a temp rebound from the $22,500 level, which might lead to a break above the $25K level.
A b...
|  | Twitter Scraps Free API Access, Crypto Developers Must Pay
From February 9, anyone who wishes to use the Twitter application programming interface (API) will have to pay.
Twitter Scraps Free API Access
In an announcement on February 2, Twitter, one of the world’s largest social media platforms, said they will no longer support free access to their v2 and v1.1 APIs. Instead, anyone interested must have to subscribe to the basic paid tier.
Starting February 9, we will no longer support free access to the Twitter API, both v2 and v1.1. A paid basic tier will be available instead
— Twitter Dev (@TwitterDev) February 2, 2023
The Twitter API platform provides access to data sets generated and posted by millions of Twitter users. Only registered applications can access Twitter APIs and, by default, would access public data transmitted from any of the five endpoints, which include access to accounts and users, and tweets and replies.
The social media giant pointed to the quality of its data, saying that over the years, trillions of user-generated tweets have been sent by millions of users across the world. Billions of tweets continue to be sent every week.
The social media platform said its data sets are powerful considering their diversity and depth. Even with the new requirement, they will continue “enabling fast and comprehensive access” so developers can continue building using their data.
In the development world, APIs are critical for developers and businesses. With APIs, it is easier for developers to...
|  | New South African Code Says Crypto Asset Ads Must Include Capital Loss W...
Crypto asset service providers in South Africa seeking to attract investors via advertisements must 'expressly and clearly state that investing in crypto assets may result in the loss of capital.' Influencers working on behalf of crypto asset service providers must 'not offer advice on trading or investing in crypto assets and may not promise benefits or returns.'New Code the Result of Collaborative Effort Between ARB and Crypto Entities
According to the latest code of practice released by South Africa’s Advertising Regulatory Board (ARB), crypto-related advertisements must clearly warn the public that investing in digital assets 'may result in the loss of capital.' Furthermore, ARB's latest code states that the overall wording of such adverts should not contradict this warning.
The new crypto asset advertising guidelines, which are reportedly the result of the collaborative effort between ARB and South African crypto exchanges, are seemingly intended to preclude scammers from targeting their victims via regulated media platforms. Commenting on the inclusion of crypto assets in the latest advertising code, Gail Schimmel, the CEO at ARB, reportedly said:
This is a wonderful example of an industry that sees the harm that could be done in its name and steps up to self-regulate the issues without being forced to do so by [the] government. This has been an exciting project and we know that it will result in better protection for vulnerable consumers.
Meanwhile, in addition t...
|  | We Must Expedite the Move From Centralized Services to Viable DeFi Alter...
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets.
The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis.
The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back to the core tenets of crypto, such as decentralization, self-custody, transparency, and censorship resistance. People are naturally turning to DeFi (decentralized finance). Unfortunately, much of DeFi is not yet ready to act as a suitable substitute.
In this article, I will talk about two of the most important challenges: how to make DeFi more accessible to new users and how to improve its performance when compared to centralized services.
The Onboarding Problem and Its Solution
The problem with getting new users to adopt DeFi is partly due to user experience (UX). Bitcoin.com’s Head of Product Experience Alex Knight did an excellent job outlining the problems and solutions of the UX challenges in web3 applications. To summarize: the self-custodial web3 model generally leads to developers creating a user experience that’s fundamentally different from the one people are used to in the custodial web2 model — and that creates huge friction.
Solving the UX problem is a combination of clever design, education, and incentives.
On the design front, the challenge is to create products that are as familiar and easy-to-use as the best web2 analogs. At Bitcoin.com our se...
|  | Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Ral...
Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.
DOGE gained pace and traded above the $0.085 resistance against the US dollar. The price is trading above the $0.0850 zone and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.092 resistance. Dogecoin Price Eyes Upside Break
After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.
There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to bitcoin and ethereum. A new yearly high was formed near $0.0934 and the price is now consolidating gains.
It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).
There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.
Source: D...
|  | Flashbots Wants To Raise $50 Million, But Investors Must Pitch
Flashbots is seeking to raise $50 million with a $1 billion pre-money valuation, according to The Block, citing sources aware of the deal.
Pitch To Flashbots For A Chance to Invest
As they look to crowdfund, it has been revealed that Flashbots is doing a 'reverse pitching' where interested investors have to pitch, not the other way around. In this arrangement, investors confident of Flashbots' prospects must explain, in detail, why they should have a slot in this investment round.
Eventually, the goal is to raise between $30 million and $50 million in 'equity investment,' pushing the firm's valuation to unicorn status. Flashbot plans to split this investment round into two.
Although Paradigm didn't respond publicly to the publication's request for comment or comment on the inquiry, details reveal that the crypto fund was among the first to show interest. They participated in Flashbots' seed sale in 2020. However, Flashbots didn't indicate the amount raised in the seed sale.
Flashbots is a research and development organization claiming to negate the effects of maximum extraction value (MEV) in account-based blockchains like Ethereum and the BNB Smart Chain (BSC).
Specifically, Flashbots focuses on Ethereum, where the costs of MEV can be high considering the high on-chain activity and the impact of gas fees, which is also relatively high versus other more scalable networks, including BSC. Their involvement, Flashbots's documents explain, avoids the 'existenti...
|  | Using LastPass to Store Passwords? You Must Act Quickly
One of the most popular password management tools - LastPass - has recently been compromised, and cryptocurrency users may have been affected.
With that in mind, it's important to take reasonable action.
First off, reports of LastPass being compromised started appearing yesterday. Some claim that customer details were leaked in data breaches, and these include contact details, company and customer names, as well as IP addresses.
The breaches themselves took place back in August and November and were acknowledged by the company, which said that a malicious actor was able to steal the source code and technical information from their development environment.
With that in mind, Udi Wertheimer took it to Twitter to suggest a few steps users can take to prevent their crypto from being stolen, assuming someone used LastPass to secure crypto-related apps and wallets.
He argued that changing the master password now won't help because 'they already have a copy that is unlockable' with the old password.
Therefore, Wertheimer suggested that users stop using the app altogether and immediately move their assets to new wallets.
In addition, he also advised changing passwords to email accounts, crypto exchanges, and virtually all applications, including account passwords for Google or iCloud.
1/ LASTPASS USERS READ THIS
Twitter is full of misinformation and bad advice.
If you use LastPass, attackers probably have a copy of your vault.
CHANGING YOUR MASTER PASSWORD NOW WON’T HELP, t...
|  | US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Pr...
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: 'Any U.S. CBDC must be open, permissionless, and private.'Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private
U.S. Congressman Tom Emmer (R-MN) announced Thursday that he has led an inquiry into the central bank digital currency (CBDC) effort led by the Federal Reserve Bank of Boston.
Emmer and eight other members of Congress sent a letter to Susan Collins, president and CEO of the Federal Reserve Bank of Boston, raising concerns about Project Hamilton, an initiative to develop a U.S. CBDC in collaboration with the digital currency initiative at the Massachusetts Institute of Technology (MIT).
“It has come to Congress’s attention that some firms participating in Project Hamilton intend to use government resources from the project to design a CBDC with the intent to then sell those products to commercial banks,” Emmer described, emphasizing:
Any U.S. CBDC must be open, permissionless, and private.
“If the CBDC is not crafted with the values of transparency in mind, the currency falls at risk to the financial privacy violations currently on display in China,” he stressed.
“The more we learn about the Boston Fed’s work on Project Hamilton, the more we have become concerned with the lack of transparency, especially as it relates to their partnership with the ...
|  | Billionaire Bill Ackman Discusses Crypto Regulation — Says Industr...
Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up.Bill Ackman on Crypto Regulation and the Need for Industry to Self-Police
Billionaire Bill Ackman shared his thoughts on a variety of crypto-related topics, including crypto regulation, in a series of tweets Saturday.
Ackman is the CEO and portfolio manager of Pershing Square Capital Management, a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). His current net worth is about $3.5 billion.
Regarding cryptocurrency regulation, he said: 'I am not sure we need new rules. Much of the fraud that is taking place is old-fashioned pump and dump schemes, and failures of custodians to protect customer assets.'
The executive continued: 'I suspect that existing anti-fraud and other laws already govern these violations. We just need more enforcement.' Ackman opined:
Regulators need more resources to police the bad actors. Unfortunately, it will likely take years for the regulators to catch up, and they may never get there. The crypto industry therefore needs to self-police and out the bad actors, or it is at risk of being shut down.
The collapse of FTX, a major cryptocurrency exchange, earlier this month has many people calling for tighter crypto regulation.
Some people have stressed that the FTX meltdown is not a cry...
|  | Litecoin (LTC) Must Maintain $77 Level To Sustain Enthusiasm Come Decemb...
Litecoin (LTC) is currently experiencing a sharp price correction, going down by more than 4% during the last hour, according to latest tracking from Coingecko.
At the time of this writing, the crypto asset is trading at $75.94 after hovering around the $78 region for most of the day.
With its recent price dump, the altcoin trimmed its seven-day gains to 20% from a high of 33% this week.
Still, LTC’s current performance is impressive as it managed to go up by 33.5% over the last 30 days.
Litecoin caught the attention of many crypto enthusiasts on November 23 when it went on a bullish run that enabled it to reach the $81 marker and increase its market capitalization by more than $1 billion.
Currently, in that category, LTC ranks 13th in Coingecko’s list, keeping an overall valuation of $5.39 billion.
What It Would Take For LTC To Hit Higher Levels Next Month
By besting the likes of Bitcoin and Ethereum in terms of weekly gains, Litecoin put itself in the position to be among the crypto assets that experts are keeping an eye on.
In fact, crypto trading expert Rekt Capital shared his thoughts about the conditions that must be met by LTC in order to sustain its energy and perform better come December.
“LTC upside wicks have gone up to as high to the $85-$98 region before ultimately rejecting there.
|  | NYC Mayor Undeterred by FTX Collapse — Insists Crypto Is an Indust...
The mayor of New York City, Eric Adams, is not discouraged by the collapse of crypto exchange FTX and heavy market sell-offs. Noting that crypto is coming whether we like it or not, he stressed the importance of moving into this space.NYC's Mayor on FTX Collapse and the Importance of Embracing Crypto
New York City Mayor Eric Adams answered some questions about how the meltdown of crypto exchange FTX affects his crypto stance Tuesday at the Manhattan Family Justice Center. Adams is a big supporter of bitcoin and crypto. He converted some of his paychecks into BTC and ETH earlier this year 'to send a message that New York City is open to technology.'
The mayor was asked if he has any regrets about supporting bitcoin and whether New York City should continue to promote the crypto industry.
'Well, first I believe in technology - the whole thought of using crypto, blockchain currency, you call it cyber wallets,' he replied, elaborating:
We need to move into this space. This space is coming whether we like it or not.
'When I hear people say, 'Well, look how much money an individual lost in cryptocurrency,' you know how much money I lost in the stock market? Some of my retirement investments I'm afraid to even look at nowadays,' Adams shared.
'All of these industries have ups and downs,' the NYC mayor described. 'The 'junk bond kings,' the fraud that they did in the stock market and penny bonds, so there's always people who are going to exploit these forms of industries.'
The mayor...
|  | SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough ...
SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon.
At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was.
The following is a quick rundown of some of SUSHI's more notable qualities that demonstrate its 'tasty' status:
There was a 4% increase in TVL. Positive environment, but unfriendly market conditions are a drag for the token
Future discomfort is possible, but the investment case remains strong
Most Influential Project on Avalanche$SUSHI @SushiSwap$JOE @traderjoe_xyz$FITFI @StepApp_$TIME @wonderland_fi$CRA @PlayCrabada$ALBT @allianceblock$BIFI @beefyfinance$PNG @pangolindex$CQT @Covalent_HQ$ANY @MultichainOrg#AVAX $AVAX pic.twitter.com/9ozC2j4Wrp
— AVAX Daily (@AVAXDaily) November 21, 2022
In addition, DeFiLlama has noticed a 4% rise in TVL. All in all, investors and traders have a lot to be optimistic about here.
But the technicals of the coin suggest that the bullishness is fleeting, as it is being carried around by the present bear market.
SUSHI Remains Stale
Since its crash in May 2022, SUSHI's price has barely moved. Also, the token has been trading between $2.083 and $0.861 for some time now.
This coin, however, has been making higher highs and lower lows despite the bear market since the latter half of Q2 this year.
The present price surge, however, is not only due to its recent successes, but also to the act...
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