**MoneyGram Faces Cybersecurity Outage, Works to Restore Services**
MoneyGram, a major financial services firm, has confirmed a "cybersecurity issue" causing a multiday outage. The problem, first reported by users on Sept. 20, has affected various systems, with hundreds of outage reports surfacing.
- **Immediate Action:** Upon detecting the issue, MoneyGram launched an investigation, took systems offline, and collaborated with law enforcement and cybersecurity experts.
- **Current Status:** As of Sept. 24, the company is making progress in restoring key transactional systems and working around the clock to resolve the issue.
- **Pending Transactions:** Once systems are back online, pending user transactions will be processed.
- **Details:** The specifics of the cybersecurity breach, including which systems were affected or if sensitive data was accessed, remain undisclosed. No timeline for full service restoration has been provided.
This incident occurs amid a rise in crypto-related ransomware attacks, highlighting the growing cybersecurity challenges in the financial sector.
đ DOGE Market Cap analysis đ
đź Current Trend: The chart indicates that Dogecoinâs market cap has been moving within a downward channel since May. The price recently broke out of this channel, signaling a potential trend reversal from bearish to bullish.
đ Support Area: Price held above the support zone between $13B and $15B, showing a strong buying interest at these levels, preventing further downside.
đĄ Technical Indicators:
âą RSI is currently at 56.56, which indicates that there is more room for the price to rise before it reaches the overbought territory (70+).
âą The RSI trendline shows an upward trajectory, reinforcing the bullish sentiment.
â ïž Key Considerations: The breakout from the downtrend combined with the increasing RSI suggests an upward momentum. You should watch for confirmation with volume before entering a long position.
Disclaimer: DYOR and NFA.
$DOGE
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#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC
These 4 #Altcoins Are Up More Than 30% in the Past Week
đž Immutable (#IMX )
Immutable (IMX), known as the first Layer-2 scaling solution on Ethereum (ETH), ranks second among altcoins with over a 30% gain in the past week.
IMX saw a price increase of 43% during this period but hit resistance at $1.80, leading to a retracement to $1.75, its current trading price. The Bull Bear Power (BBP) on the daily chart indicates that bulls are prepared to push IMX higher once again.
đž Sui (#SUI )
SUI, the native cryptocurrency of the layer-1 blockchain, has not only performed well over the past week but has also been one of the altcoins with a staggering 30-day performance.
In the last seven days, SUIâs price has increased by 40% and is currently $1.55. Meanwhile, the daily SUI/USD chart flashes a rise in the Money Flow Index (MFI). This hike indicates a surge in buying pressure. However, the MFI can also tell when a crypto is overbought or oversold.
đž Sei (#SEI )
Knows as one of the fastest Layer-1 blockchains, Seiâs native token is one of the altcoins that has increased by more than 30%. Currently trading at $0.36, SEI formed an ascending triangle on the daily chart between August 26 and September 17. Eventually, the token broke above the triangle, validating a price increase, which helped SEI climb by 33%.
A look at the daily chart revealed that the Awesome Oscillator (AO) flashed rising green histogram bars. This rise indicates increasing upward momentum for SEI, possibly leading to a $0.42 in the short term.
đž Aptos (#APT )
Another Layer-1 project that has performed significantly in the past week is Aptos (APT). In the last seven days, its price has increased by 32%. While the price initially dropped by 22%, technical analysis shows that a golden cross was vital to the tokenâs recovery.
A golden cross occurs when the shorter EMA crosses above the longer EMA. As seen below, the 20 EMA (blue) rose past the 50 EMA (yellow) on September 20. Due to this, the price jumped to $8.25.
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**Bitcoin: Risk-On or Risk-Off? BlackRock Weighs In**
- BlackRock's head of digital assets, Robbie Mitchnick, says Bitcoin has been mislabelled as a "risk-on" asset. đ§
- Mitchnick argues that Bitcoin's long-term drivers differ from equities and other risk assets.
- BlackRock's white paper calls Bitcoin a "unique diversifier," potentially hedging against monetary and geopolitical risks.
- Despite recent ETF amendments, Mitchnick assures it's just routine fine-tuning.
- Meanwhile, crypto analyst PlanB dreams of Bitcoin hitting $1M by 2025, though many find this overly optimistic.
Stay tuned for more crypto rollercoasters! đ
đ **Bitcoin: Risk-On or Risk-Off? BlackRock Weighs In!** đ
BlackRockâs head of digital assets, Robbie Mitchnick, thinks Bitcoin has been mislabelled as a ârisk-onâ asset. In a recent interview, he pointed out that Bitcoinâs long-term drivers differ from equities and other risk assets.
- **Unique Diversifier:** BlackRockâs white paper highlights Bitcoinâs potential as a hedge against monetary and geopolitical risks.
- **Emerging Global Money:** Bitcoin is decentralized, scarce, and non-sovereign, making it a unique asset.
PlanBâs wild prediction sees Bitcoin hitting $1M by 2025! đ What do you think? Share your thoughts below! đŹ
**Bitcoin Mislabelled as "Risk-On" Asset, Says BlackRock Exec**
Bitcoin has been mischaracterized as a "risk-on" asset, according to Robbie Mitchnick, BlackRockâs head of digital assets. In a recent Bloomberg interview, Mitchnick argued that Bitcoin's long-term drivers differ significantly from those of equities and other risk assets. BlackRock's new Bitcoin white paper labels BTC as a "unique diversifier," highlighting its potential as a hedge against monetary and geopolitical risks.
Mitchnick emphasized Bitcoin's role as a global, decentralized, non-sovereign asset, arguing it should be seen as "risk-off." He noted Bitcoin's outperformance during major geopolitical events and downplayed recent amendments to BlackRock's Bitcoin ETF, calling them routine optimizations.
Meanwhile, crypto analyst PlanB predicted Bitcoin could hit $1 million by 2025, sparking skepticism among the crypto community.