The price of Binance Coin (BNB) has struggled to break above $337 against Tether (USDT) after being rejected from that region.
Binance Coin price in the past few weeks outperformed the price of Bitcoin (BTC) but has not been able to match the strength it has shown earlier to break above this resistance and trend higher.
Binance Coin (BNB) Price Analysis On The Weekly Chart
From the chart, the price of BNB saw a weekly low of $209, which bounced from that area and rallied to a price of $337 after showing great recovery signs in recent weeks.
BNB’s weekly candle closed with a bullish sentiment with the new week’s candle looking bearish for the price of BNB as it continued to decline in price to a region of $303 after facing rejection from the $337 mark.
The price has struggled to build more momentum as it tries to hold key support.
If the price of BNB on the weekly chart continues with this structure, it could quickly revisit $290 acting as a support for the price of BNB.
Weekly resistance for the price of BNB – $337.
Weekly support for the price of BNB – $290.
Price Analysis Of BNB On The Daily (1D) Chart
The price of BNB found strong support at $280 above a trendline after successfully forming a bullish structure, the support at $280 seems to be an area of interest on the daily chart.
BNB bounced from its support and rallied to $337 where it was faced with resistance and was rejected from that region.
The price of BNB has continued to be above a trendline acting as support after being rejected from the $337 mark.
At the point of writing, the price of BNB is at $303, above the 50 Exponential Moving Average (EMA) which corresponds to $290.
BNB needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of BNB to $240.
The Relative Strength Index (RSI) for the price of BNB on the daily chart is above 50.
Daily (1D) resistance for BNB price – $337.
Daily (1D) support for BNB price – $290.
Price Analysis OF BNB On The Four-Hourly (4H) Chart
The price of BNB continues to look bullish and holds above the 200 EMA price corresponding to $295 after breaking below the 50 EMA.
On the 4H timeframe, the 200 EMA is acting as a support for the price of BNB.
If BNB fails to hold the support region we could see the price retesting the region of $250 as the next support area to hold the BNB price.
Four-Hourly (4H) resistance for BNB price – $337.
Four-Hourly (4H) support for BNB price – $290.
Featured image from zipmex, Charts from TradingView.com
The Cardano price has followed the general sentiment across the market and traded to the downside over the past week. The cryptocurrency lost its spot as one of the valuables in the crypto top 10 by market capitalization and could be poised to see further losses.
At the time of writing, the Cardano price trades at $0.43 with a 6% loss and 2% loss over the last 24 hours and 7 days, respectively. As ADA trades to the downside, some major cryptocurrencies have been able to score profits and are showing strength against the general market sentiment.
Charles Hoskinson Celebrates, While The Cardano Price Stalls
The Cardano price weakness is more evident as the cryptocurrency failed to react to recent events that were prompting bullish expectations for market participants. First, is the Ethereum “Merge”, the event that completed its transition to Proof-of-Stake (PoS).
“The Merge” failed to provide bullish momentum for PoS cryptocurrencies, such as Cardano. In step, Proof-of-Work (PoW), such as Ravencoin (RVN) and Ethereum Classic (ETC), benefited from the anticipated post-Merge rally.
In addition, the Cardano network was preparing to deploy a major update on its mainnet via a Hard Fork Combinator (HFC) event called “Vasil”. One of its most important milestones since the implementation of smart contract capabilities with HFC “Alonzo”, the recent upgrade was overlooked by market participants.
Across social media, the Cardano community celebrated the network’s fifth birthday. Its inventor Charles Hoskinson posted a celebration video via Twitter, but again this event failed to provide bullish momentum for ADA’s price action. Hoskinson said the following on the network’s growth since its inception:
There are over 3,228 smart contracts to our knowledge that have been deployed on Cardano, and as of September 15, 2022, 50 million transactions. Where we regularly are in the top three to top five of transaction volume on a daily basis and usually are number one for GitHub commits (…)
Who Is Contributing With The Selling Pressure For The Cardano Price?
The Cardano price has been stuck in its current levels forming a channel with a bottom at $0.43 and a top at $0.51. This channel was created in late August, and if bulls can defend these levels, ADA’s price might enjoy a late birthday rally and aim for $0.51 or beyond if the momentum allows it.
However, with the crypto market showing weakness and with current macro conditions proving unfavorable for risk-on assets, ADA might break out of this channel and trend lower. In order to prevent this scenario, the Cardano price must stay above $0.41.
Data from Material Indicators shows that investors with selling orders of $1,000 to $10,000 have been dumping ADA over the past weeks. In addition, the Cardano price has seen low buying pressure from other investors. This status quo must change to support the price and aim for $0.51.
Crypto.com has been registered as a Digital Asset Service Provider by the AMF in France.
Customers in France will be able to access a range of goods and services from the exchange.
Crypto.com, the leading cryptocurrency exchange platform has recently announced that it has been registered by the Autorité des marchés financiers (AMF) in France as a Digital Asset Service Provider (DASP) following clearance from the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Kris Marszalek, CEO of Crypto.com stated:
The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF. We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe, and secure crypto platform.
With this registration, the platform will offer a range of goods and services for customers in France, in compliance with regional regulatory laws.
Crypto.com Keeps Expanding
The UK Financial Conduct Authority (FCA) recently approved the registration of Crypto.com. The platform previously announced that it has obtained an Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea. Also, the exchange received regulatory approval from Cyprus’ Securities and Exchange Commission (CySEC) in July.
The Singapore-based exchange firm, Crypto.com is continuously adopting multiple strategies to expand its services across the globe. The platform has more than 50 million users globally.
Is Dr. Ruja Ignatova the cryptocurrency world’s biggest scammer? The competition is fierce, there are so many faces and stories fighting for that spot, but none of them is on the FBI Most Wanted List. Dr. Ruja is. Great, but, why is NewsBTC revisiting the 2019 true crime podcast “The Missing Cryptoqueen”? Because Jamie Bartlett, the journalist behind the project, just released a new episode.
Episode 10 of The Missing Cryptoqueen is now out.
The hunt it back on: Israel, Dubai, Luxembourg, The Eurovision Song Contest & Krispy Kremes.
Is there new information? Did they FIND Dr. Ruja Ignatova? The only thing we know for sure is that there’ll be a few new episodes, and that’s all we needed to hear. A BBC production, “The Missing Cryptoqueen” features various music and sound design, witness testimonies, interviews, and sound bites. There’s even original music in this podcast extravaganza.
NewsBTC will produce companion pieces for each of “The Missing Cryptoqueen.” With summaries, quotes from the episode, and extra material from all over the web, this is the feature people didn’t know they needed. Have this window open as you listen to each episode, it’ll enhance the already phenomenal experience.
You can download episodes directly at the BBC, or listen to “The Missing Cryptoqueen” through Apple, Spotify, or iVoox.
About Episode One – Dr. Ruja
This is the introductory episode, it presents Dr. Ruja Ignatova and the OneCoin world. We feel the size of the scam, we hear the people that fell for it and the true believers. It begins with Bitcoin and Satoshi Nakamoto’s story, goes to a OneCoin seminar in Mbarara, a town in Western Uganda, and ends with Dr. Ruja’s disappearance in October 2017.
In “The Missing Cryptoqueen’s” first episode also shows us what a charismatic leader could do with bitcoin’s story and narrative. If Dr. Ruja Ignatova didn’t plagiarize, she at least was heavily inspired by Satoshi Nakamoto’s mystique and discourse. Using quotes from her speeches, we hear Dr. Ruja speaking about a rotten financial system and corrupt banking institutions. About the possibility of banking the unbanked and what that would do for the world. About bitcoin’s pizza day story and how that could happen to them.
However, Dr. Ruja’s OneCoin was better than bitcoin. It was here to replace it, in fact.
Whenever you hear that, run. That should’ve been the witnesses’ first warning. In episode one, we hear about the OneLife network. The social part of the scam. We hear from a UK victim who assisted to the webinars, from a OneLife employee and insider, and we listen to an African song about OneCoin. There’s emotion in all of their voices. And an open wound.
Near the end, we hear about 2017 and Dr. Ruja’s disappearance from people that were there at the scene. What happened? So far, there are nine more episodes of BBC’s “The Missing Cryptoqueen.” Let’s cover them all.
BTC price chart for 09/28/2022 on Bitstamp | Source: BTC/USD on TradingView.com
Quotes From Ep. 01 – “Dr. Ruja”
“Then, in late 2017, Dr. Ruja disappeared. One of Europe’s richest women, a woman who seemed destined to change the world had vanished.”
“It was impossible not to be impressed by Dr. Ruja. She appeared on the front cover of prestigious business magazines, she has degrees from Oxford and Konstanz University and is fluent in several languages.”
“Thousands of people were filling stadiums to hear Dr. Ruja talk, to buy OneCoin and join this financial revolution.”
“But in October 2017, there was a big OneCoin event in Lisbon, Portugal and Dr. Ruja was scheduled to speak.”
Extra Material And Episode Credits
This guide’s extra material comes courtesy of the podcast series’s IMDB page. In the description, IMDB gives us a good overview of what to expect from “The Missing Cryptoqueen.”
“Dr Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded millions to join her financial revolution, investing billions. Then she disappeared. Why? Jamie Bartlett spent months investigating how she did it for the Missing Cryptoqueen podcast, and trying to figure out where she’s hiding.”
This 2019 clip with producer Georgia Catt also qualifies as a trailer for what’s to come:
“She created this vision of herself using a bit of truth and a bit of fabrication, to create a convincing business genius…”
Presenter: Jamie Bartlett Producer: Georgia Catt Story consultant: Chris Berube Editor: Philip Sellars Original music and sound design: Phil Channell Original music and vocals: Dessislava Stefanova and the London Bulgarian Choir
You’re part of NewsBTC’s “The Missing Cryptoqueen’s” listening group by just reading these guides. Let’s explore Dr. Ruja Ignatova’s world together.
Featured Image: “The Missing Cryptoqueen” logo from the BBC's site | Charts by TradingView
Fantom (FTM) bounces back with a 5% rally in over 24 hours after it hit a massive low yesterday. On-chain metrics hint at a bull run. Still, buyers are still advised to be extra cautious.
FTM rallied 5% in the past 24 hours
Fantom’s on-chain metrics hinting a bullish movement
FTM experiencing strong selling pressure
FTM bulls are still trying to push through the resistance. Evidently, the downward movement in the past couple of weeks highlights that the lower timeframe is generally bearish.
Fantom Down Since August
Judging by the 12-hour chart, FTM is seen to spiral downward which has been in progress since August when Fantom breached below $0.38 as it retests the $0.33 resistance zone and key support at $0.286.
A higher timeframe range was also spotted on the charts from $0.31 to $.53. Notably, the $0.412 range has been the resistance and support level as seen since May.
The two-hour chart for FTM reveals that another range may be formed. One was able to reach the range of $0.242 to 0.217.
According toCoinMarketCap, FTM price has slumped by 5.41% or trading at $0.2221 as of this writing.
While there is a possibility of a breach, the positioning of FTM sets it for a downtrend, especially with the increase in selling opportunities.
FTM RSI At 64, Hinting At A Bullish Movement
The crypto’s relative strength index peaking at 64 shows an obvious bullish movement with the OBV moving sideways as seen in the past week. With that in mind, even with FTM bouncing back from its low, both the price action and OBV aren’t hinting at any breakout at this point.
The resistance zone which worked as the key support in September could make significant strides again in the next couple of hours.
While buying FTM is a tempting feat it will only be an advantage when you do so under certain circumstances like a bullish market. However, Fantom is not shooting for a long-term range and is in fact even leaning towards a long-term downtrend.
A low-risk short may be apparent in the $0.244 range. An hourly session that closes above the $0. 251 zone will invalidate the bearish momentum. The bearish targets are spotted right at the middle of the range and include their lows.
FTMUSD pair trading at $0.2245 on the daily chart | Source: TradingView.com
Featured image from Zipmex, Chart: TradingView.com
After receiving approval from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the world’s fastest-growing cryptocurrency platform, Crypto.com, announced today that it has been registered in France as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF).
To acquire regulatory permission, Crypto.com underwent a comprehensive evaluation, with a focus on anti-money laundering and countering the funding of terrorism. With this registration, Crypto.com will offer clients in France a range of goods and services that are compliant with regional laws.
The European market is crucial to Crypto.com’s long-term expansion and success, thus CEO Kris Marszalek expressed his immense pride in the company’s recent AMF registration in France.
Kris Marszalek, CEO of Crypto.com said:
“The European market is central to the long-term growth and success of Crypto.com and we are tremendously proud to now receive registration in France from the AMF. We look forward to continuing to work with the AMF and the ACPR as we introduce our products and services in France, offering users a comprehensive, safe and secure crypto platform.”
With more than 50 million users globally, Crypto.com actively expands its ecosystem. Today’s approval is another feather in the hat after receiving in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, registration approval as a cryptocurrency business from the UK Financial Conduct Authority (FCA), provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea, registration in Italy from the Organismo Agenti e Mediatori (OAM), registration in Greece from the Hellenic Capital Market Commission, registration in Cyprus from the Securities and Exchange Commission, regulatory approval from the Cayman Islands Monetary Authority, and a pre-registration undertaking with the Ontario Securities Administration in Canada.
Anonymous has pledged to deploy a team for more findings.
Yuga Labs co-founder Greg Solano denied all claims.
The most popular NFT project, Bored Apes Yacht Club powered by Yuga Labs, has been under scrutiny from the hacktivist group Anonymous for what the group claims is the use of racist, fascist, and even pedophilia-related symbolism in their digital artwork.
According to the organization, BAYC NFTs “are infected with not one or two but with dozens of examples of esoteric symbolism and dog whistles reflecting nazism, racism, simianization, and paedophilia support.”
Multiple Degree of Allegations
The statement claims that the group felt it necessary to consider “before publicly citing our take on the allegations” by reviewing extensive documentation and speaking with many key players.
This proves “beyond a shadow of a doubt” that the BAYC and Yuga Labs were responsible for the concealment of these mysterious signs as per the organization. Furthermore, it said that individuals who dismiss its claims as “conspiracy theory” are “simply ignorant,” “not versed,” or “at a financial conflict of interest.”
In the video, Anonymous makes reference to holders, investors, partners, and prominent fans of BAYC and Yuga Labs.
Throughout the remainder of 2022 and into 2023, Anonymous has pledged to deploy a team “whose sole job will be to bring awareness to the findings and questions about the Bored Ape Yacht Club NFT collection.”
Andreessen Horowitz, Mark Cuban, Neymar Junior, Kevin Hart, Shaquille O’Neal, and other celebrities, as well as major corporations including Lion Tree, Adidas, Tiffany & Co., and others, were targeted for investment.
According to a Medium article published by Yuga Labs co-founder Greg Solano in June, the firm was falsely accused of employing “super-secret Nazis” since its members included Jews, Turks, Pakistanis, and Cubans.
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