Ethereum Price Rising, But Short-Term Correction Could be On Its Way

• Ethereum’s price has been steadily increasing after breaking above the $1300 resistance level.
• There are signs that a short-term correction could be on its way as the RSI indicator has been in overbought conditions.
• If a correction does occur, the 200-day moving average located around the $1400 mark could be the first support level.

Ethereum’s price has been steadily increasing over the past few months, with the coin breaking out of its $1300 resistance level earlier this month. The coin is currently trading at around $1,600 and is showing no signs of slowing down. However, some analysts are warning that a short-term correction could be on its way.

The daily chart of Ethereum is showing that the coin has been constantly climbing higher and could reach the $1800 level soon. However, the RSI indicator has been in overbought conditions over the past few days, suggesting that a short-term pullback is quite probable. In case of a correction, the 200-day moving average located around the $1400 mark could be the first turning point, with the 50-day moving average located around the $1300 mark providing additional support.

The 4-hour chart shows that the price has been forming a rising wedge pattern, which is usually seen as a bearish reversal pattern. The price is also trading below the 50-EMA, suggesting that the bears could take control of the market in the coming days. If the price falls below the $1400 mark, it could lead to a deeper correction.

The weekly chart is also showing that the price is trading in an overbought zone, with the RSI indicator staying above the 70 mark for the past few weeks. Furthermore, the MACD indicator is also close to generating a bearish crossover, which could indicate the start of a corrective move.

Overall, Ethereum’s price is showing signs of a short-term correction. If the price falls below the $1400 mark, it could lead to a deeper correction. Therefore, it is important for traders to be cautious and wait for the market to confirm the direction before making any decisions.

SBF Family Targeted With Harassment and Threats After Crypto Exchange Collapse

• Three men drove their vehicle into a metal barricade outside Sam Bankman-Fried’s (SBF) parents‘ house in California.
• The family of FTX’s former CEO recently admitted becoming a target of „intense media scrutiny, harassment,“ and even physical threats.
• The US authorities accused SBF of being the main culprit behind the collapse of FTX, committing crimes such as money laundering and fraud.

Recently, Sam Bankman-Fried (SBF) and his family became the target of various threats and harassment due to the collapse of FTX, a crypto exchange which caused multi-billion investor losses and turned SBF into one of the most controversial figures in the crypto space.

The latest incident occurred when three men drove their vehicle into a metal barricade outside SBF’s parents‘ house in California. According to the lawyers of SBF, the men threatened to “not be able to keep us out” before leaving the scene. Following the event, the family admitted to the intense media scrutiny and physical threats they experienced as a result of the incident.

Moreover, the US authorities accused SBF of being the main culprit behind the collapse of FTX, committing crimes such as money laundering and fraud. As a result, the 30-year-old became one of the most infamous figures in the cryptocurrency space.

Unfortunately, the current situation of SBF and his family is symptomatic of the dark side of the cryptocurrency space. Many are often put in compromising situations due to the lack of proper regulations and enforcement in the industry. It remains to be seen what kind of long-term impact this will have on the industry and how it will shape the future of the crypto space.

Ripple Price Trapped Between Moving Averages: Can It Breakout?

• Ripple’s price has been on the rise over the last couple of weeks following Bitcoin’s rally.
• Ripple is currently trapped between the 50-day and 100-day moving averages, located around $0.37 and $0.39, respectively.
• If the 200-day moving average gets broken to the upside, the significant $0.43 level would be the next obstacle that must be taken out before the market structure can shift to bullish.

Ripple (XRP) has been on a rollercoaster ride over the last few weeks. After a sharp decline in the price of XRP, the cryptocurrency has been able to regain some of its lost ground and is now fighting for the key $0.40 level. This is an important resistance level that needs to be broken before a bullish shift in the market structure can be seen.

Technical analysis of the XRP/USDT chart shows that the price is trapped between the 50-day and 100-day moving averages, located around $0.37 and $0.39, respectively. This means that a breakout above the $0.40 level is needed in order to turn the market structure bullish.

If the 200-day moving average gets broken to the upside, this would be a signal that XRP is set to move higher and the significant $0.43 level would be the next obstacle that must be taken out before the market structure can shift to bullish. If the 200-day moving average holds, the price will likely retrace back towards the $0.37 level.

On the fundamental side, the recent news that Ripple is partnering with MoneyGram to use its xRapid payment system has been well-received by the crypto community. The partnership is seen as a vote of confidence in Ripple’s technology and could lead to more institutional adoption.

In conclusion, Ripple is currently in a critical position as it battles for the $0.40 level. If this level is broken and the 200-day moving average is taken out, a bull market in XRP could begin. On the other hand, if the 200-day moving average holds, the price could retrace back towards the $0.37 level. The next few days will be critical for the cryptocurrency, as the market will determine its fate.

BlockchainSpace Acquires Metasports, Anticipates Boost to Web3 Space

• BlockchainSpace (BSPC) acquires majority of Metasports, an Intellectual Property House
• Peter Ing, Chief Executive Officer and Founder of BSPC, anticipates the partnership will bring great value to stakeholders in the coming years
• Lars Hernandez, Metasports CBO and Co-Founder, and Joe Josue, Metasports CEO and Co-Founder, are optimistic the move will make waves in Web3

BlockchainSpace, the leading data aggregator and infrastructure provider for guilds and Web3 projects, has announced a majority acquisition of Intellectual Property House Metasports. This move is anticipated to bring great value to the stakeholders of both companies in the coming years, and is expected to make a significant impact in the Web3 space.

Chief Executive Officer and Founder of BlockchainSpace Peter Ing expressed his confidence, stating that the synergistic partnership with Metasports will be a major catalyst for growth in the Web3 community. “We believe that the acquisition of Metasports will provide us with the tools and resources necessary to create a more meaningful and lasting impact in the Web3 space,” said Ing.

BSPC’s acquisition of Metasports will give the company access to experienced developers and designers, as well as a host of innovative products such as the Metasports mobile app and the Metasports Launchpad. These products are expected to help BSPC better serve the Web3 community.

The leadership of both companies expressed their optimism for the acquisition. “I am very excited about the potential of this acquisition and the possibilities it will bring to our organization and to the Web3 space,” said Lars Hernandez, Metasports Chief Business Officer and Co-Founder. Joe Josue, Metasports Chief Executive Officer and Co-Founder, echoed his sentiment, stating, “The acquisition of Metasports by BlockchainSpace will be a major step forward in the development of the Web3 community.”

By leveraging the resources and expertise of both companies, BlockchainSpace is confident that the acquisition of Metasports will help them to make a greater impact in the Web3 space. They are optimistic that this move will bring great value to their stakeholders and allow them to better serve the Web3 community.

Orbeon Protocol Team Commits to 10 Year Token Lock to Build Trust

• Orbeon Protocol developers locked their team tokens for 10 years in order to bolster loyalty and trust from the community.
• This was done to prove the team’s commitment and dedication to the project.
• The tokens are now locked for ten years, and the Orbeon Protocol team is hoping to gain more trust from the Orbeon Army.

The Orbeon Protocol team is committed to gaining the trust of the community and is taking extra steps to ensure that they are fulfilling this promise. In order to do this, the Orbeon Protocol development team has locked their team tokens for 10 years. This move is a testament to the team’s dedication and commitment to the project and will help to strengthen the trust among the Orbeon Army.

The idea behind this move is to prove that the team is here for the long haul and will be with the project for the foreseeable future. By locking their tokens, the team is showing that their loyalty is to the project and not to the short-term gains. This move is an example of the team’s dedication to the project and the community.

The tokens are now locked for ten years, and the Orbeon Protocol team is hoping to gain more trust from the Orbeon Army. The team is also hoping that this will help to attract more investors, as they will have the assurance that the team is here to stay. This move is an important step in building a more robust and secure project.

The team is confident that the move to lock tokens for ten years will help to build trust and strengthen the Orbeon Protocol project. They are hopeful that this move will help to attract more investors and will help to ensure the long-term success of the project. The team is dedicated to the project and is committed to making sure that the project succeeds.

CoinFLEX Launches New Exchange GTX: Revolutionizing Crypto Bankruptcy Cases

• CoinFLEX leadership has announced that they are creating a new crypto exchange, tentatively named GTX.
• The leadership has sought to clarify the speculation in the media regarding the exchange and its purpose.
• CoinFLEX leadership has also stated that both Mark Lamb and Sudhu Arumugam will remain onboard in their current roles.

CoinFLEX, a leading crypto exchange platform, has recently announced their plans to launch a new exchange, tentatively named GTX. This announcement was received with raised eyebrows and speculation in the media, and CoinFLEX leadership has decided to clarify their intentions.

According to CoinFLEX, the exchange will specialize in crypto bankruptcy cases. To ensure the success of the exchange and to reassure the community, CoinFLEX has stated that both Mark Lamb and Sudhu Arumugam will remain onboard in their current roles.

Mark Lamb, the CEO and founder of CoinFLEX, is a veteran in the crypto industry, having previously founded derivatives exchange CryptoFacilities and blockchain-based payments provider Coinfloor. Sudhu Arumugam, the COO of CoinFLEX, is also a veteran in the crypto space, having previously held positions at Goldman Sachs and Credit Suisse.

CoinFLEX leadership has stated that the new exchange will offer crypto users a better way to manage bankruptcy cases. Furthermore, CoinFLEX has also announced that the exchange will be built on top of the existing CoinFLEX platform, allowing for an easier and more secure transition.

The launch of GTX has been met with a great deal of excitement in the crypto community. The exchange is also expected to be a great source of liquidity for the market, as it will allow users to trade crypto assets in a secure and efficient manner.

It remains to be seen how successful GTX will be, but CoinFLEX leadership is confident that the exchange will be a success and that it will revolutionize the way crypto bankruptcy cases are handled. With the success of their existing platform, CoinFLEX is hoping that GTX will help to further advance the industry and provide users with a secure and reliable way to manage bankruptcy cases.

$11.5 Million Lost: Alameda Research Liquidators Incur Significant Losses

Bullet Points:
– Liquidators of Sam Bankman-Fried’s bankrupt trading powerhouse Alameda Research reportedly incurred a significant loss of over $11 million since the start of the year due to multiple liquidations.
– According to blockchain analytics platform Arkham Intelligence, Alameda lost $11.5 million in liquidations, with a single loss of $4.85 million and a preventable loss of over $4 million.
– Over the past two weeks being under Liquidator control, the account incurred significant losses.

Alameda Research, a bankrupt trading powerhouse established by Sam Bankman-Fried, recently witnessed its liquidators incurring a significant loss of over $11 million since the start of the year. This was the result of multiple liquidations and the figures were confirmed by blockchain analytics platform Arkham Intelligence.

According to their reports, Alameda lost $11.5 million in liquidations and the single largest liquidation accounted for a loss of $4.85 million. What’s even more concerning was the fact that the liquidators could have prevented $4 million of the losses, had they taken the necessary precautions.

To make matters worse, the losses incurred by the liquidators only compounded over the past two weeks. During this period, the account has seen significant losses and the figures only continue to increase. As of now, the total liquidated amount stands at $11.5 million and the preventable losses add up to more than $4 million.

The news of this significant loss has been met with shock and dismay by many in the industry. People are questioning how the liquidators could have allowed such a large amount of money to be lost in such a short time and what measures can be taken to prevent such losses in the future.

It remains to be seen how the situation will pan out in the coming weeks and what measures can be taken to ensure that no further losses are incurred. For now, it is clear that Alameda’s liquidators have a lot of work to do to make sure that no more money is lost in the future.

Nexo Scandal Sparks Political Debate in Bulgaria, GERB Accuses Rivals

• The scandal around the cryptocurrency lending platform Nexo has sparked a huge political debate between the leading political parties in Bulgaria.
• GERB (the ruling party from 2009 to 2021) has accused Democratic Bulgaria and We Continue the Change of having close ties with the distressed entity and even receiving donations from it.
• On the other hand, numerous MPs have argued that members of GERB have deliberately launched such attacks against their rivals in order to prevent them from forming an acting government.

The political debate surrounding the cryptocurrency lending platform Nexo has reached a boiling point in Bulgaria. On one side is GERB, the ruling party from 2009 to 2021, and on the other are two other parties, Democratic Bulgaria and We Continue the Change. GERB has accused the two of having close ties with the distressed entity and even receiving donations from it.

The accusations were made after it was revealed that Nexo employees had donated to one of the parties. This revelation has caused a great deal of tension between the parties, with GERB claiming that Democratic Bulgaria and We Continue the Change have received money from Nexo and should, therefore, distance themselves from it.

On the other hand, numerous MPs have argued that the accusations are false and are being used by the members of GERB to prevent the rival parties from forming an acting government. They have also claimed that GERB is using Nexo as a scapegoat to hide their own shortcomings and to distract the public from their own mismanagement of the economy.

In response to these accusations, the two rival parties have stated that they have never received money from Nexo and that they have always been transparent about their donations. They have also accused GERB of using Nexo as a political tool in order to gain the upper hand in the upcoming elections.

The debate is ongoing and it remains to be seen whether the accusations against the two rival parties are true or not. However, it is clear that the Nexo scandal has caused a great deal of political tension in Bulgaria and it is likely to continue until a resolution is reached.

$25M Raised for New Crypto Exchange GTX: Co-Founders of Defunct Hedge Fund Launch Exchange

• Su Zhu and Kyle Davies, co-founders of a defunct crypto hedge fund, are reportedly planning to launch a new crypto exchange called GTX and are looking to raise $25 million from investors.
• The name of the new project is allegedly a reference to FTX, the failed crypto exchange, as the letter G comes after F in the alphabet.
• The new exchange will focus on trading in crypto and is expected to launch in the near future.

Su Zhu and Kyle Davies, the co-founders of a defunct crypto hedge fund, are reportedly planning to launch a new crypto exchange and are looking to raise $25 million from investors. The new exchange is expected to be called GTX and is expected to launch in the near future.

According to two pitch desks, the name of the new exchange is directly linked to the failed crypto exchange FTX, as the letter G comes after F in the alphabet. This reference is clearly a nod to the struggles and controversies that FTX experienced in the past. It was also reported that Su Zhu had publicly expressed his opinions on the FTX debacle and SBF’s actions at the time.

The new exchange, GTX, will focus on trading in crypto. The $25 million that Zhu and Davies are looking to raise will help them launch the exchange. This new exchange will be the latest addition to the crypto exchange industry, which has seen a steady rise in popularity and usage in recent years.

Crypto exchanges provide a secure platform for traders and investors to buy, sell, and trade cryptocurrencies. Many exchanges offer a variety of features, such as staking, futures, margin trading, and more. With the launch of GTX, traders and investors will have yet another option when it comes to crypto exchanges.

It is expected that more information about GTX will be released in the near future, such as the exact launch date, the features that the exchange will offer, and more. For now, it remains to be seen whether the $25 million that Zhu and Davies are looking to raise will be enough to launch GTX successfully.

Record High: $20.1B in Illicit Crypto Transactions in 2022

• Illicit cryptocurrency transactions in 2022 totaled $20.1 billion, a $2 billion increase from 2021.
• This is the highest amount ever recorded in criminal transactions involving digital currencies.
• Chainalysis‘ recent study found that the total value received by entities associated with cybercrime activities in 2022 was approximately 18x that of 2017.

Cryptocurrency has been a hot topic in the financial world, with its use growing rapidly over the past several years. While the use of digital assets has generally been seen as a positive development, there is a dark side to the rise of digital currencies as well. Illicit cryptocurrency transactions, which involve the use of digital assets for criminal activities, have been on the rise in recent years.

According to a new report from Chainalysis, a blockchain analytics firm, illicit cryptocurrency transactions in 2022 totaled $20.1 billion, a $2 billion increase from 2021. This is the highest amount ever recorded in criminal transactions involving digital currencies, and the total value received by entities associated with cybercrime activities was approximately 18x that of 2017.

While the exact reasons for the rise of illicit cryptocurrency transactions are not clear, some experts believe that the increased use of digital assets and the lack of regulation in some countries have enabled criminals to take advantage of the situation. Another factor that could be playing a role is the growing number of crypto exchanges, which provide criminals with a wide range of options for moving funds.

The report also highlighted the activities of darknet markets, which are websites that allow users to buy and sell illegal goods and services. Darknet markets accounted for the largest share of illicit cryptocurrency transactions, with $2.3 billion in transactions in 2022. This was followed by ransomware, which accounted for $1.8 billion in transactions, and fraud, which accounted for $1.3 billion in transactions.

The report from Chainalysis comes as governments around the world are trying to crack down on illicit cryptocurrency transactions. In the United States, the Financial Crimes Enforcement Network (FinCEN) has proposed new regulations that would require financial institutions to report suspicious activities related to digital currencies. At the same time, the European Union is also considering new legislation that would impose stricter regulations on digital assets.

The increase in illicit cryptocurrency transactions highlights the need for greater regulation in the industry. Without proper regulations, criminals will continue to take advantage of the anonymity and ease of use of digital currencies. It is therefore important for governments to take the necessary steps to ensure that the use of digital assets is safe and secure.