#Bitcoin Core developer Luke Dashjr has publicly denounced the sellers behind an #NFT auction for exploiting his name and code without his authorization or approval. Dashjr expressed his disapproval of the unauthorized use of his name and code, emphasizing that he had not been consulted or informed of the auction.

Luke Dashjr, one of the original core developers behind Bitcoin, has taken to social media to call out an auction site for misusing his name and code without his consent to create and sell a misleading Non-Fungible Token (NFT). 

Dashjr is not the first Bitcoin developer to have his name or work used in this way. On February 27th, he posted on Twitter that an NFT featuring a picture of code he wrote was sold at an auction site for 0.41 Bitcoin, which was roughly equivalent to $9,500 at the time of writing.

Dashjr clarified that he had not given his permission for his code or name to be used for this purpose, saying that "it was advertised as my code in the listing and displayed to the public for sale and profit." He continued, "Third parties are marketing my brand and my code for their own financial gain.

Dashjr went on to reveal that the winner of the auction eventually contacted him, and he had to inform them that he was not involved with the sale. He expressed his frustration at the situation, noting that he had not given his permission for his code or name to be used in this way.

Luke Dashjr asserted that the seller or auction site had attempted to bribe him into silence by offering him a donation of 90% of the auction proceeds, which he refused.

The public should be aware that the seller and/or auction site offered him a donation of 90% of the auction proceeds, should he choose to accept it. This appears to be a blatant attempt to either bribe him into silence or obtain his consent after the fact.

He adamantly refused to accept such payment, as it would be at the expense of the public who are being misled. He declared that he would not accept any such 'donation'. "Dashjr demands that the buyer receive a complete refund of the auction proceeds as a result of the misrepresentation and the buyer's confusion. He also claims that other Bitcoin developers have been offered generous donations in exchange for their cooperation, though he did not provide any further details."

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#coingabbar #crypto2023 #cryptocurrency

The bullish rally of Ethereum has propelled the Altcoin price to a crucial level that we have been striving to surpass throughout the year 2023. This significant breakthrough marks a pivotal moment for the crypto market, as it signals a potential shift in the overall trend. 

#Ethereum has surged by more than 17%, surpassing the $1,650 resistance level against the US Dollar. However, it is possible that ETH may experience a correction and test the $1,625 support zone. The rally began when Ethereum's price broke through the significant $1,550 resistance zone, gaining momentum for a move above the $1,600 resistance zone, which is similar to Bitcoin's recent performance. 

The price of ETH/USD has surged above the resistance zone of $1,680 and even tested the $1,700 region, reaching a high of $1,695. Currently, the price is consolidating its gains and forming a short-term breakout pattern with resistance near $1,700 on the hourly chart.

The current trading price of Ether has surpassed $1,650 and is currently above the 21-hourly simple moving average. The cryptocurrency is consolidating its gains and is trading comfortably above the 23.6% Fibonacci retracement level of the upward wave that started from the $1,368 swing low to the $1,695 high.

ETH/USD is currently encountering a barrier around the $1,700 mark. The initial significant obstacle lies in the vicinity of $1,740, followed by another major hurdle at the $1,765 threshold. Should the price manage to surpass this latter resistance level, it could potentially trigger a substantial surge. In such a scenario, the price may ascend towards the $1,850 resistance level, and any further gains could propel it towards the $2,000 mark.

Ethereum is currently facing a crucial test. Should it fail to surpass the $1,700 resistance, a downward correction may be in store. However, there is hope yet, as an initial support level can be found at $1,650. If this level is breached, the next major support zone lies at $1,625. 

KEY LEVELS :

RESISTANCE LEVEL : $1,700-$1,750

SUPPORT LEVEL : $1,650-$1,600

#coingabbar #crypto2023

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research #dyor and assess the risks involved before investing in any market.

The Binance Coin (BNB) has recently found support at the $265 mark against the US Dollar. However, as the value of BNB continues to soar, it is expected that bears may take a strong stance near the $340 zone.

#BNB has experienced a significant surge of over 13%, breaking through the $300 resistance level. While there may be a correction in the near future, any dips in price are likely to be supported around the $280 mark.

This impressive increase in value began with a strong push above the $295 resistance zone, as BNB gained bullish momentum and continued to climb higher. The cryptocurrency was able to successfully clear the $302 resistance level, indicating a positive trend for the foreseeable future.

The value of BNB/USD has surged by over 13%, and it has successfully broken through the resistance zone of $310 and even tested near the $315  region. The price has reached a high of approximately $314.10. The current trading price of BNB has surpassed $295 and is currently trading above the 50 hourly simple moving average.

There are several key resistance levels to keep an eye on for the BNB/USD pair. The first immediate resistance is at the $307 level, followed by a major resistance at $310. The main resistance is forming near the $315 zone. If the price manages to break above the trend line and surpass $315, it could potentially reach the $321 resistance level. Further gains could push the price towards the $330-$340 level

In the event that BNB fails to surpass the $315 resistance, it may experience a further downward trend. The initial support on the downside is located around the $300 level, followed by the first major support at approximately $294. The subsequent major support is situated at the $286 level. However, if the $286 support is breached, there is a possibility of a prolonged decline towards the $270 support.

KEY LEVELS :

RESISTANCE LEVEL : $309-$315

SUPPORT LEVEL : $298-$292

#coingabbar #crypto2023

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research #dyor and assess the risks involved before investing in any market.

According to the Labor Department's report on Thursday, the number of initial claims for state unemployment benefits decreased by 20,000 to a seasonally adjusted 192,000 for the week ending March 11. This figure was lower than the predicted 205,000 claims for the same week, as forecasted by economists polled by Reuters. The decline in unemployment claims is a positive sign for the economy, indicating that fewer individuals are losing their jobs. This trend may suggest that businesses are becoming more stable and confident in their operations, leading to increased job security for workers. Overall, this report provides encouraging news for the labor market and the economy as a whole. It is important to continue monitoring these trends to ensure that the job market remains strong and stable in the coming months.

#coingabbar #crypto2023 #crypto #BTC #Binance

The daily chart presents a more optimistic perspective, indicating a potential upward trend. This is supported by several factors. Firstly, the price has successfully broken out from a descending resistance line that had been in place since February, signalling the start of an upward movement.

Furthermore, the chart shows a series of higher lows and higher highs, indicating a positive trend. Additionally, the RSI has moved above the 50 level, suggesting that the bulls are gaining momentum. 

Overall, these indicators suggest that the market sentiment is shifting towards a more bullish outlook, and investors may want to consider taking advantage of this potential opportunity.

Today again #BNB has been rejected from a formidable resistance level at $320, indicating that the bears are making a concerted effort to protect the price range between $320 and $338. This resistance zone has proven to be a significant obstacle for BNB, and it remains to be seen whether the bulls will be able to overcome it in the near future.

This surge was initiated by a robust increase above the $310 resistance zone, and BNB even managed to surpass the $315 resistance level, indicating a positive trend. After a prolonged period of hovering around the $320 resistance levels.

The value of BNB experienced a significant surge, reaching a peak of $321.90. However, this upward momentum was short-lived as a sudden and sharp correction occurred, causing the price to plummet below the $315 and $310 levels. As a result, a new recent low has formed in the vicinity of $308.70. Currently, BNB value is trading below $310 and the 21-hourly simple moving average.

The initial obstacle lies at the $313 mark, with a significant barrier at $318. The latter is currently taking shape in the vicinity of the $320 region. Should the price succeed in breaching the trend line and surmounting $320, it may have the potential to soar to the $328-$330 resistance level. Subsequent gains could propel the price towards the $340 threshold.

BNB faces a critical juncture. Should it fail to surpass the $315 barrier level, it may experience a continued decline. The first line of defence against this is the $304 level, followed by the more significant support at approximately $300. If these levels are breached, the next major support is at $294. However, if this level is also broken, there is a possibility of a prolonged decline towards the $285-$280 support.

KEY LEVELS :

RESISTANCE LEVEL : $314-$320

SUPPORT LEVEL : $302-$294

#coingabbar #crypto2023

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research #dyor and assess the risks involved before investing in any market.

Despite #cryptoindustry being hit hard with layoffs in January, the past month has shown a significant slowdown in job cuts. According to reports, only 570 employees were let go in February, compared to over 2,900 in the previous month. Although a dozen companies were affected, the layoffs were mostly in the double digits, unlike the triple-digit layoffs seen in January at major exchanges such as Coinbase, Crypto.com, and Huobi.

The recent cuts were from #blockchain analytics firms and digital asset platforms, with Elliptic and Messari being the latest to cut 10% and 15% of their staff, respectively. However, the founder of Messari reassured the public that the cuts were due to restructuring and market challenges. Despite the job losses, the crypto industry remains dynamic and continues to attract new talent and investment.

Blockchain analytics companies Elliptic and #Chainalysis have recently announced layoffs as part of a strategic move to reduce operating expenses. Elliptic has laid off 20 employees, while Chainalysis has let go of 44 employees, primarily in sales. These moves come amid concerns about an extended recession, which has impacted the tech industry as a whole. 

Despite this, the blockchain industry continues to evolve and innovate, offering exciting opportunities for those looking to make a difference in the world of Web3. The tech industry has seen a decrease in layoffs in February, with a total of 24,572 employees laid off across 129 companies, according to layoff tracker Layoffs.fyi. 

While Web3 companies have been hit harder, due in part to concerns of tougher regulations and the correlation between Bitcoin and the stock market, the crypto industry remains resilient. 

However, some companies have had to make tough decisions in order to remain competitive, with a nonfungible token (NFT) company Dapper Labs and Ethereum-scaling platform Polygon Labs both undergoing internal restructuring and laying off around 20% of their staff. Despite these challenges, the Web3 space continues to offer exciting opportunities for those passionate about innovation and disruption.

February proved to be a challenging month for the cryptocurrency industry, with several major firms announcing staff cuts. Polygon, Dapper Labs, Immutable, Bittrex, Magic Eden, Fireblocks, Protocol Labs, and The Block all revealed reductions in their workforce, with Polygon cutting 100 jobs alone. 

Payments company Affirm also made headlines with the announcement that it would be winding down its crypto program, leading to a 19% staff cut. While the news may be concerning to some, experts like Kevin Gibson, founder of blockchain recruitment firm Proof of Search, believe that these companies are taking decisive action to streamline their operations and improve their overall competitiveness. 

Although the industry has experienced some turbulence, there are also signs that the pace of layoffs has slowed compared to the previous month. As the industry continues to evolve, it remains to be seen how these developments will impact the overall growth and success of the cryptocurrency ecosystem.

According to Jan, who closely follows the movements of boards and venture capital firms, many companies are bracing themselves for the worst in light of the 2022 results. However, the good news is that there have been fewer layoffs this month.

“Despite the challenging circumstances, companies are still committed to building outstanding products. However, with current teams already stretched thin, further layoffs could risk cutting into their muscle and hinder their ability to operate effectively.”

While the outlook may seem promising, Gibson, a leading industry expert, warns that the United States securities regulator could still cause more harm. Additionally, continued media coverage of the Sam Bankman-Fried and the FTX collapse is having a ripple effect on the public perception of the industry and may hinder mainstream adoption.

#crypto2023 #coingabbar

#bitcoin has experienced a significant increase of 7%, leading to speculation that a new bull market may be on the horizon. Yesterday's daily candlestick chart revealed a substantial breakout from a resistance level that had persisted for several months, with the price surpassing $25,200.

On March 15, #BTC enthusiasts seized the opportunity to purchase the dip at $24,000, and on March 17, they successfully propelled the price above the formidable overhead resistance of $25,250. This impressive feat marks the completion of an inverse head-and-shoulders pattern.

After a brief period of consolidation and pullback over the past two days, BTC has regained its momentum and surged by an impressive 7.00% today. This surge has propelled the coin beyond the $27,500 mark, marking a significant milestone for investors and traders alike.

Bitcoin is once again experiencing a surge in value, surpassing the resistance level of $25,300. Not only did the price breach the $26,500 resistance zone, but it also surpassed the high from March 15th. The rally of Bitcoin continued its upward movement and broke through the $27,500 resistance zone, forming a high near $27,839. The price is now consolidating its gains.

At present, the market is facing a significant obstacle at the $27,850 level. However, if the price manages to surpass this level, the next significant resistance is anticipated at the $28,100 zone. A close above this level could potentially trigger another surge, with the price rallying towards the $28,500 level. Furthermore, the next crucial resistance is expected at the $29,000 zone, and if the price manages to rise above that level, it could potentially reach $32,000.

If Bitcoin fails to surpass the $28,000 resistance level, there is a glimmer of hope as there is an immediate support level at $27,200, which could prevent a significant drop. In the event that the price does fall below this level, the next major support level is at $26,900. If the price drops below this level, it may gain bearish momentum and continue to plummet. The final major support level is at $26,600, and any further losses may push the price towards the $26,000 level.

KEY LEVELS :

RESISTANCE LEVEL : $27,800-$28,200

SUPPORT LEVEL : $27,000-$26,500

#coingabbar #crypto2023

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research and assess the risks involved before investing in any market.

US Treasury Secretary Janet Yellen has said the government is prepared to intervene if smaller institutions suffer deposit runs that could risk contagion, weeks after the collapse of three banks. 

Speaking at the American Bankers Association, Yellen defended the government's decisive actions to protect the broader US banking system, maintain the important role of small and mid-size lenders, and ensure the ongoing health and competitiveness of the US's community and regional banking institutions. 

The government intervened to guarantee deposits at Silicon Valley Bank and Signature Bank, and the Federal Reserve launched a new way to help lenders cover withdrawals. Congress will hold a meeting on March 29 to investigate the collapses.

#coingabbar #crypto #crypto2023 #Binance #BTC

Cryptocurrencies are becoming increasingly popular across a wide range of industries and individuals, with many recognizing the potential benefits in terms of convenience and security that these digital tokens offer.

As their use continues to grow, governments around the world have begun paying closer attention and introducing regulations to protect investors from fraud and other risks associated with this new asset class.

Crypto regulation is an umbrella term that refers to the various laws, rules, and guidelines established by governments and other authorities to protect investors in the cryptocurrency market. These regulations are designed to ensure that any transactions involving cryptocurrencies are conducted in a secure and transparent manner, while also helping to mitigate the risk of fraud or abuse.

In addition, crypto regulation is also important for providing legitimacy to the industry, helping to attract more investors, and boosting market confidence. By having clear rules and regulations in place, potential investors can be sure that they are dealing with a legitimate entity when engaging in cryptocurrency transactions.

Types of Crypto Regulations

The types of crypto regulation vary from country to country, but typically fall into one of three categories:

1. Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT):

 These are regulations that aim to ensure that funds used in cryptocurrency transactions are not associated with illegal activities such as money laundering or terror financing.

2. Investor Protection:

 Crypto regulations often include investor protection measures to ensure that investors can make informed decisions and are not exposed to fraudulent activities.

3. Tax: 

Governments may also impose taxes or fees on certain types of crypto transactions, as well as establish reporting requirements for individuals who invest in or trade cryptocurrencies.

4. KYC (Know Your Customer) Regime: 

The KYC (Know Your Customer) regime is a set of rules and regulations that require cryptocurrency businesses to verify the identity of their customers.

Overview of Regulatory Environment

Over the past few years, governments around the world have started to introduce crypto regulations. The US is one of the most active countries in this area, with a variety of laws and regulations governing cryptocurrencies.

In Europe, the EU has implemented several directives and other measures related to crypto assets, including requirements for customer due diligence and reporting on certain cryptocurrency transactions.

In Asia, Japan is one of the most active countries in terms of crypto regulation, with a comprehensive regulatory framework that includes registration and licensing requirements for cryptocurrency exchanges.

Current regulations and rules

Overall, current regulations and rules for cryptocurrencies vary from country to country, but most jurisdictions have taken steps toward regulating this emerging asset class.

The US has implemented a number of laws and regulations related to crypto assets, including the Bank Secrecy Act (BSA), the USA PATRIOT Act, and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In Europe, the EU has implemented a series of directives and regulations, such as the 5th Anti-Money Laundering Directive and the 6th Anti-Money Laundering Directive.

Japan has also established a comprehensive regulatory framework for cryptocurrencies, which includes registration and licensing requirements for cryptocurrency exchanges, as well as reporting obligations for certain crypto transactions.

In addition, many other countries have also adopted regulations and guidelines related to cryptocurrencies, including Australia, Canada, Singapore, and South Korea.

Benefits of Crypto Regulation

The introduction of crypto regulations has a number of benefits, including:

• Protecting investors from fraudulent activities and scams

Crypto regulations help to ensure that investors have access to accurate information about the assets they are investing in and can make informed decisions.

• Stimulating the growth of the sector 

Crypto regulations provide a level of legitimacy that helps attract more investors, which in turn fuels innovation and drives further development.

• Increasing market confidence

 Regulations also help to increase market confidence by providing an appropriate legal framework to protect investors.

• Enhancing security

Crypto regulations help to ensure that transactions are conducted in a secure and transparent manner, which reduces the risk of fraud or abuse.

• Enabling governments to collect taxes and other fees on certain types of cryptocurrency transactions.

Regulatory Challenges:

Despite the benefits of crypto regulations, there are still several challenges to be addressed. These include:

• The decentralized nature of blockchain

 The lack of a central authority makes it difficult for governments to regulate and enforce laws related to cryptocurrency transactions.

• Lack of physical assets to back digital currencies

This creates uncertainty about the true value of cryptocurrencies and makes it difficult for governments to impose taxes or other fees on crypto transactions.

• Complexity of the technology

The complex nature of blockchain technology poses a challenge for regulators who may not be familiar with the underlying concepts.

• Lack of clarity in existing laws

Many countries still lack clear regulations pertaining to cryptocurrencies, which can create confusion for investors.

• Lack of international coordination

Different countries have different regulations regarding cryptocurrencies, which makes it difficult to establish a unified regulatory framework across jurisdictions.

• Potential misuse by criminals 

The anonymous nature of cryptocurrencies can make them attractive for illegal activities such as money laundering and tax evasion.

Future of crypto regulation

As cryptocurrencies become more widely adopted, it is likely that regulations will continue to evolve in order to protect investors and foster the development of the sector.

In particular, regulators are likely to focus on areas such as customer due diligence, financial crime prevention, and taxation. Governments may also take steps to ensure that crypto assets are integrated into existing financial infrastructure, such as payment and banking systems.

Major global institutions such as the International Monetary Fund (IMF) and G20 are also increasingly interested in cryptocurrencies and have begun to explore the potential for greater global coordination of regulations.

Ultimately, the future of crypto regulation depends on how countries and institutions respond to the changing landscape. 

By staying up-to-date with regulatory trends and remaining compliant with applicable rules and regulations, businesses can ensure that they are well-positioned to succeed in the ever-evolving crypto industry. With the advent of new technologies, the future of crypto regulation looks promising.

Conclusion

Crypto regulations are essential for protecting investors, stimulating growth in the sector, and increasing market confidence. Despite the challenges associated with regulating cryptocurrencies, governments and institutions around the world have begun to recognize their potential and are taking steps toward establishing a more unified regulatory framework.

With the continued development of blockchain technology, crypto regulations have the potential to unlock further innovation and drive further development in the industry.

As the sector continues to mature, we can expect greater clarity around regulations and a more unified global approach toward crypto regulation. In this way, crypto regulations have the potential to unlock new opportunities for businesses and investors alike.

#coingabbar #Binance

One of the most popular ways to earn from cryptocurrencies is by trading them. You can buy low and sell high, or take advantage of price fluctuations in the market to make profits.

However, there are several other ways to earn from cryptocurrencies, including:

#Mining: Cryptocurrency mining involves solving complex mathematical problems using computer processing power to verify transactions on the blockchain. In return, miners receive a reward in the form of newly minted coins or transaction fees.

#Staking: Staking involves holding cryptocurrency in a wallet and contributing to the network's security and verification process. In return, stakers receive rewards in the form of new coins or transaction fees.

Investing: You can also earn from cryptocurrencies by investing in them and holding them for the long term. As the value of the cryptocurrency increases over time, you can sell it for a profit.

#Airdrops and giveaways: Some cryptocurrency projects offer free coins or tokens through airdrops and giveaways as a way to promote their projects and increase adoption.

Freelancing: Many freelancers now accept cryptocurrency as payment for their services. If you have a skill that can be offered online, you can earn cryptocurrency by offering your services and accepting payments in digital currencies.

Affiliate marketing: You can also earn cryptocurrency by promoting products or services related to cryptocurrency on social media or other online platforms. Some companies offer affiliate programs that pay commissions in cryptocurrency.

Keep in mind that cryptocurrency markets are highly volatile, and investing or trading in them carries significant risks. It is important to do your own research and only invest what you can afford to lose.

There are a number of exchanges like #Binance which provide a centralised platform for all the above needs of the investors.

#coingabbar

#bitcoin has experienced a decline, however, the conditions necessary for the cryptocurrency to flourish are still present.

Despite a slight dip in trading on Saturday, Bitcoin, the world's largest cryptocurrency, has maintained a strong performance throughout the month. This comes as confidence in the global banking sector continues to waver.

Over the past 24 hours, Bitcoin has experienced a 0.55% decrease in value, currently sitting at $27,525. However, it has seen an impressive 20% increase in value throughout March and a staggering 66% increase since the beginning of the year. In fact, Bitcoin is on track to have its best month since January, when it saw a nearly 39% increase in value.

As the world continues to navigate economic uncertainty, Bitcoin's steady growth is a promising sign for investors seeking stability and long-term gains.

Investors and enthusiasts alike should not be discouraged by the current state of affairs. Instead, they should remain optimistic and continue to monitor the market for opportunities to invest in this exciting and innovative technology. With the right strategy and a bit of patience, there is no doubt that Bitcoin and other cryptocurrencies will continue to thrive in the years to come.

#BTC #coingabbar #crypto2023 #crypto

After experiencing some consolidation and pullback in the past two days, BTC has regained momentum and surged by another 5.10% today, surpassing the $25,750 mark.

#bitcoin is once again on the rise, surpassing the $25,000 resistance level. If it continues to climb, it may reach the $26,500 resistance zone. However, Bitcoin experienced a slight dip below the $25,000 support zone, causing it to trade below $24,500. Fortunately, the bulls were quick to respond and prevented further decline by supporting the currency near the $24,000 zone.

A new low was established near $23,913, and subsequently, the price began to rise again. Notably, the price surpassed the $24,500 resistance zone, indicating a positive trend. Furthermore, the price even exceeded the 50% Fib retracement level, which is a significant milestone in the downward movement from the $26,525 swing high to the $23,913 low. 

Furthermore, a significant breakthrough occurred above a major bearish trend line, which had resistance near $24,450, as depicted on the hourly chart of the BTC/USD pair. As a result, the Bitcoin price is currently trading above $25,000 and the 21 hourly simple moving average.

Firstly, there is an immediate resistance near the $26,000 level, which is close to the 76.4% Fib retracement level of the downward move from the $26,525 swing high to $23,913 low. If the price manages to break through this level, the next major resistance is near the $26,500 zone. A close above this level could potentially trigger another surge, with the price potentially rallying towards the $27,200 level. Beyond that, the next key resistance is near the $28,000 zone, and if the price manages to rise above that level, it could potentially reach $28,800.

Bitcoin is facing a significant resistance level at $26,000. If it fails to break through this level, it may experience a decline. However, there is an immediate support level at $25,200, which may prevent a significant drop. If the price does fall below this level, the next major support level is at $24,500. If the price falls below this level, it may gain bearish momentum, leading to a further decline. The final major support level is at $24,000, and any further losses may push the price towards the $23,200 level. 

KEY LEVELS :

RESISTANCE LEVEL : $26,100-$26,600

SUPPORT LEVEL : $25,500-$25,000

#coingabbar #crypto2023

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research #dyor and assess the risks involved before investing in any market.

Bitcoin's price found support at $22,000 and entered a period of consolidation. BTC is trading in a range and facing numerous roadblocks near $22,600-$22,700.

For more than two weeks, the Bitcoin price has been in a correction phase. At the 4-hour time frame, the price appears to be simply bouncing in the falling wedge pattern.

#BTC price began a significant slide from far above the $23,300-$23,350 support zone. Bitcoin fell sharply below the $23,000 level and even traded below the $22,500 level.

The price has lately begun a slight upward correction after trading as low as $22,000. Above the $22,500 resistance level, there was a minor increase. The price surged over the 23.6% Fib retracement line of the downward wave from the swing high of $23,978 to the low of $22,000. BTC made a high of $22,667 and currently it is trading near the $22,400 and the 50 hourly simple moving average. In the hourly chart of the BTC/USD pair, a key bearish trend line is forming with resistance near $22,700.

If bears maintain their grip, BTC/USD will most likely retest the aforementioned support line and maybe break over $22,000 to another key level at $21,600. Below there, we might see a retest of the critical $20k milestone.

On the positive note, the immediate barrier is $22,500. The first major resistance zone is around $22,750 and $22,800. The main resistance is currently near $23,000. A clear break over the $23,000 resistance level may signal the start of a sustained rise towards the $23,600-$24,000 resistance zone.

KEY LEVELS :

RESISTANCE LEVEL : $22,700-$23,200

SUPPORT LEVEL : $22,000-$21,700

#coingabbar

#Ethereum is currently on the rise and is trading above $1,700 against the US Dollar. If it manages to clear the $1,720 resistance zone, ETH could gain bullish momentum.

However, Ethereum price experienced a downside correction below the $1,700 support zone, and traded below the $1,650 level before the bulls appeared near $1,620, which is similar to the behavior of Bitcoin.

The price of the coin had recently dropped to a low of $1,611, but has since rebounded and is currently on an upward trend. Notably, it has surpassed the resistance levels of $1,650 and $1,665, indicating a strong bullish sentiment. Additionally, the price has broken through the 50% Fibonacci retracement level, which is a significant technical indicator of a potential reversal in the downward trend from the previous high of $1,780 to the recent low of $1,611. 

The current trading price of Ether has surpassed $1,670 and is currently above the 100 hourly simple moving average. Additionally, a significant bullish trend line is emerging with support near $1,675 on the hourly chart of ETH/USD.

The current price is encountering a barrier around the $1,730 mark, which is in close proximity to the 61.8% Fib retracement level. This level is calculated based on the downward movement from the $1,780 high to the $1,611 low. The next significant obstacle is located at the $1,750 threshold. If the price manages to surpass this level, it could trigger a substantial surge. In such a scenario, the price may ascend towards the $1,800 resistance level. If the current trend continues, the price might reach $1,880.

Ethereum is currently facing a crucial challenge. It must surpass the $1,750 resistance level to continue its upward trend. However, if it fails to do so, a correction in gains may be inevitable. In the event of a correction, the initial support level is expected to be around $1,680, along with the trend line zone. If this level is breached, the next major support level is anticipated to be around $1,640, along with the 100 hourly SMA. Should the price continue to drop, it may reach the $1,615 level. More losses may result in a test of the $1,550 level. 

KEY LEVELS :

RESISTANCE LEVEL : $1,740-$1,780

SUPPORT LEVEL : $1,650-$1,600

#crypto2023 #coingabbar

Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. However, it's crucial to do your own research #dyor and assess the risks involved before investing in any market.

Allegations of Wrongdoing and Breach of Fiduciary Duty in Crypto Investment Platforms

Investor Trey Greene has filed a class-action complaint against BlockFi's founders, directors, and crypto exchange Gemini, alleging numerous wrongdoings, including violating consumer fraud and exchange acts, breaching fiduciary duties, and offering and selling unregistered securities.

According to the complaint filed in the U.S. District Court for the District of New Jersey, Greene invested over $1.5 million in BlockFi's interest accounts, which earned over $400,000 in capital gains and interest that was re-invested. However, Greene is now unable to withdraw the funds after BlockFi froze all withdrawals on Nov. 10, the same day that FTX filed for bankruptcy.

Greene alleges that the defendants marketed and sold unregistered securities through misleading information and material omissions, resulting in his investment. The accusation has raised serious questions about the legitimacy of BlockFi's operations and Gemini's role in the process.

The case highlights the risks of investing in cryptocurrencies and the need for greater transparency and regulation in the industry. As the case unfolds, it will be interesting to see how it impacts the crypto market and the measures taken to protect investors from similar incidents in the future.

Greene further alleges that he was misled into purchasing the "unregistered securities" by BlockFi founders Zac Prince and Flori Marquez, who falsely claimed that the offerings were similar to federally-insured bank products. 

On February 14th, the Securities and Exchange Commission charged BlockFi with "failing to register the offers and sales of its retail crypto lending product," and the company subsequently admitted that its interest accounts were unregistered securities during the proceedings, resulting in a $50 million settlement on February 15th.

Tyler Winklevoss Gemini had previously been responsible for the custody of BlockFi's clients' crypto holdings through its custodial services, and it is alleged that they misrepresented the accessibility of these funds to customers.

Trey Greene's class-action complaint against BlockFi's founders, directors, and crypto exchange Gemini has accused them of violating the Consumer Fraud Act, and the Exchange Act, and breaching fiduciary duties. 

Greene seeks damages for each count, including treble damages for Consumer Fraud Act violations, a full refund of funds acquired by the defendants and accrued interest, and a judgment preventing similar violations in the future. The complaint represents any BlockFi stockholders who purchased unregistered BlockFi Interest Accounts between March 4, 2019, and November 10, 2022. 

The defendants have 21 days to respond to the complaint, or they will be required to pay the full amount demanded by Greene. The case highlights the need for greater transparency and regulation in the cryptocurrency industry to protect investors from similar incidents in the future.

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